Grandpa checked in on the 172nd day #ETH
The market is currently in the daily level of consolidation. The short-term rise from 23,000 to 23,500 does not constitute a rebound. There may be a longer consolidation next, which is what I expect - the right-side bottom-picking window period. Based on the "Calf" market, the first low point of this round of rise is 21,500 points. Theoretically, the adjustment low point will not fall to this position. Whether it will be a pin remains to be seen, but if there is no decline this week, you can boldly add positions. Of course, it is not recommended to go all-in with a large position, because the structure of the upward trend has not been fully formed, and the pressure of 25,000 points is difficult to break through easily.
Today, there is news that Sun Ge pledged 88,000 Ethereums through Lido again, which is about 144 million US dollars. Together with the 150,000 pledged in the previous two days, his personal cumulative pledged has exceeded 200,000. Although Sun Ge likes to cut leeks, his projects should never be touched, but Sun Ge's operation is still worth learning from. He has successfully escaped from the top many times at high positions. I speculate that there are a series of decision-making factors and the purpose of staking ETH is obviously optimistic in the long term, at least optimistic about the success of the Shanghai upgrade. Therefore, strategically, I think everyone can also start to hoard long-term Ethereum.
In terms of investment, whether to hold on to hoarding coins for long-term gains or to trade in short-term gains is a question worth thinking about and controversial. I would like to put forward a point of view: long-term gains depend on the development of the project itself. Long-term holdings are always tied to the development of the project. Swing gains come from changes in emotions and the realization of personal abilities.
For example, if you hold Ethereum for a long time, to some extent, all developers and users are empowering the value of the project and "working" for you, and it happens all the time. Holding coins also enjoys the benefits brought by time. Of course, the risk is the decline in the value of the project or even the sudden black swan. Band income is your personal judgment on the market, because the price always moves in a pendulum around the value. Smart people can grasp the changes in emotions. These incomes are much less related to the value of the project itself, especially the shorter the holding period, the worse the correlation, such as the daily or hourly level. In my opinion, there is no good or bad distinction between long-term and short-term, it depends on your understanding of yourself. If you are good at short-term, you can certainly realize your ability, otherwise you can use the power of the trend.
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