$ETH
Saw the breaking news. Tonight, the speech at Jackson Hole—here’s what Waller said: inflation is still high (3.7%, vs. the 2% target). He emphasized that the primary focus is prices. The 2% is a firm goal. He also said forward guidance is “untimely,” telling the market not to rely on the Fed to come up with the next deal. The last line—“I’m here to maintain discipline, not to make decisions”—has real weight.
What a newcomer should understand: it’s somewhat hawkish, but he didn’t directly call for a rate hike. It’s basically telling you, “Prices haven’t stabilized yet—don’t bet that I’ll ease.” So there’s no reason for a big short-term spike in BTC/ETH. Gold also dipped a bit. The market is digesting the idea that “there’s still work to do.”
Then I thought about it: a couple of days ago, I sold ETH at 2219. I hadn’t moved in three years. I was worried it would pump up and then fall back. But after I sold, it kept hovering around 2486… After watching tonight’s remarks, I feel even more certain: it wasn’t the news that made me sell—it was me, driven by fear. He said inflation is still high, and rates remain the main tool—sounds like we should be cautious. But my specific decision was driven by fear.
My takeaway in one line: the grown-ups manage prices; we manage our mindset. Macros are background noise—don’t use it as an excuse for every moment when you’re itching to trade. Next time there’s a speech like this at night, take a deep breath first, don’t guess the direction, and don’t place orders out of fear.
That’s it—just my personal rambling, not financial advice. What do you think about ETH and BTC?
Saw the breaking news. Tonight, the speech at Jackson Hole—here’s what Waller said: inflation is still high (3.7%, vs. the 2% target). He emphasized that the primary focus is prices. The 2% is a firm goal. He also said forward guidance is “untimely,” telling the market not to rely on the Fed to come up with the next deal. The last line—“I’m here to maintain discipline, not to make decisions”—has real weight.
What a newcomer should understand: it’s somewhat hawkish, but he didn’t directly call for a rate hike. It’s basically telling you, “Prices haven’t stabilized yet—don’t bet that I’ll ease.” So there’s no reason for a big short-term spike in BTC/ETH. Gold also dipped a bit. The market is digesting the idea that “there’s still work to do.”
Then I thought about it: a couple of days ago, I sold ETH at 2219. I hadn’t moved in three years. I was worried it would pump up and then fall back. But after I sold, it kept hovering around 2486… After watching tonight’s remarks, I feel even more certain: it wasn’t the news that made me sell—it was me, driven by fear. He said inflation is still high, and rates remain the main tool—sounds like we should be cautious. But my specific decision was driven by fear.
My takeaway in one line: the grown-ups manage prices; we manage our mindset. Macros are background noise—don’t use it as an excuse for every moment when you’re itching to trade. Next time there’s a speech like this at night, take a deep breath first, don’t guess the direction, and don’t place orders out of fear.
That’s it—just my personal rambling, not financial advice. What do you think about ETH and BTC?