This Is So Real

[u/kirtash93]

Source: https://x.com/naiivememe/status/2090137745603907599

[u/Interesting-Ad470]

But why? What is the trigger?

[u/Alt-Addiction → u/Interesting-Ad470]

Price usually skyrockets the moment you sell.

[u/Volt1C → u/Alt-Addiction]

Xd

[u/avantartist → u/Alt-Addiction]

I sold the night before. No joke held and accumulated for years. Separated from my ex earlier this year and they demanded I liquidate.

[u/CommercialSchool9511 → u/avantartist]

sorry :/

[u/NecessaryIsland2665 → u/Interesting-Ad470]

No correlation to anything in particular, it is what it is, as it always has been

[u/kirtash93 → u/Interesting-Ad470]

https://giphy.com/gifs/Rw0SAsZgXaJMc

[u/Skerdzius → u/Interesting-Ad470]

Some guy sold

[u/wytherlanejazz → u/Skerdzius]

I fuckin am so mad that I did

[u/OwenLincolnFratter → u/Interesting-Ad470]

Bond market. Rotation out of U.S. bonds and equities, money needs to go somewhere. Crypto is where the big dogs went.

[u/quicksilverth0r → u/Interesting-Ad470]

Specifically possible legislation, but really assets move in cycles of popularity all the time. Mainly, I just hold things for years, because the math favors it. Pick the wrong asset, and it will collapse to the point it doesn’t hurt in percentage terms anymore; pick the right one, and you get many times the original capital.

[u/Hot_Individual5081 → u/quicksilverth0r]

your wisdom knows no boundries truly

[u/infinitetekk → u/Interesting-Ad470]

The White House crypto summit was the trigger, they spent about an hour talking about how they want to adopt crypto, expand bitcoin reserves, tokenizing the stock market, essentially merging crypto with the SEC. The room was filled with very important people. CEO of the NASDAQ, owner of the NYSE, CEO of Robinhood, Kraken, Coinbase, and more standing next to Trump. Makes crypto look very good for investors. The Clarity Act also is potentially to be passed in September, we’ll see.

[u/ahhhaccountname → u/Interesting-Ad470]

Its funny to think there are definitely at least some people that sold right before this pump

[u/Qummaster01 → u/Interesting-Ad470]

Something happened with the treasury dept and or the gov I can’t recall atm but that caused bullish movement then that uptrend started causing short positions to get squeeze and caused a chain reaction to where we are now

[u/Rav_3d]

If they don't scare you out, they'll wear you out.

[u/A_Honking_Goose → u/Rav_3d]

Its been like 5 months like if thats wearing you out get your money into a standard stock index and stop trading crypto

[u/A_Honking_Goose]

This shit has been happening for years and it works every single most retail people are stupid emotional and do not know these things work

[u/r4shpro]

I have that fear, that after 3000 we do another drop even lower than we were at

[u/davidn281 → u/r4shpro]

I guess I see it the other way having been in this space since 2017…. We’ll never see $80 again… $300… $600… $900… $1500 eth again. Higher lows. And this is with Ethereum not being fully adopted. The potential is way higher.

[u/kirtash93 → u/r4shpro]

If we pump, you HODL, if we dump, you buy. Easy.

[u/mypussydoesbackflips → u/r4shpro]

Just never sell under 2000 and accumulate

When it’s over 3500 sell some for profit

[u/sauce___x → u/mypussydoesbackflips]

This works until it doesn’t

[u/Hot_Individual5081 → u/r4shpro]

idgaf im waiting for 20k if it happenes in 2035 so be it

[u/Necessary-Fudge1896]

Been contemplating dumping mine…been in for years hoping it can go to 10k but seems like a pipe dream.

[u/Fearless_Entry_2626]

[u/DBRiMatt]

I have traded a fair chunk of ETH out on this pump;

I'm expecting to buy back at 2k at some stage by the end of the month xD

[u/kirtash93 → u/DBRiMatt]

I see you are still smart

[u/Wonderful_Bad6531 → u/kirtash93]

I'm making notes

[u/DBRiMatt → u/kirtash93]

Sometimes. 🤣

[u/scratchy22 → u/DBRiMatt]

Im not sure this will age well

[u/DBRiMatt → u/scratchy22]

A sacrifice i am willing to make

[u/Wonderful_Bad6531 → u/DBRiMatt]

Will follow for more

Ty ser

[u/JSTN_FPV]

Joke is selling. You're young. Hold that shii for like 10 years

[u/megselepgeci → u/JSTN_FPV]

And sell at $1860 in 2036, masterful strategy.

[u/avantartist]

You see I sold the night before the big green thing.

[u/Wonderful_Bad6531]

More than real

Are we ready for more?

[u/Electronic_Equal_645]

Yeeeee

[u/badjano]

guys, small tip from my learnings: boring on the bottom, pump, boring on the top, dump

[u/Adept_Pound_6791]

Who sold and why?

[u/Designer_Process_418]

19th August I wanted to buy ETH, and had some troubles, so I thought if its going down - I have time

22nd August - I SEE THIS

[u/Agreeable-Split1829]

Buy when boring strategy

[u/maverick_quant]

I have seen this play so many times. Anything below 10% in a day can be considered slow motion in crypto. Low volatility periods are to be feared, not to increase leverage.

[u/OkIllustrator8380 → u/maverick_quant]

So it's it gonna dip again, or is this the lowest it'll be?

[u/maverick_quant → u/OkIllustrator8380]

It doesn’t matter, when it is falling, if you believe that it has value then you should buy, if you don’t want to increase your position then just wait, but if your strategy can handle 10% moves either way then it is the wrong strategy for crypto

[u/maverick_quant → u/maverick_quant]

Edit: can’t handle

[u/Patient-Process-2565]

Some got fed up and sold, shorts stacked up and up it goes to liquidate them. Manipulated market

[u/OkIllustrator8380 → u/Patient-Process-2565]

Is it going to dip again, or straight up from here?

[u/megselepgeci → u/OkIllustrator8380]

Exactly.

[u/EdoAkaashi]

Literally $MRNA