/biz/ - Business & Finance

>>11011942
I just moved most of my stack into ETH.
Reasons
- New lows usually result in some sort of bounce back. Sometimes strong, sometimes weak (aka dead cat), but 9 times out of 10, there is a retrace.
- Shorts on BITFINEX are at an all time high. A slightly increase in value and short squeeze is inevitable. I dunno why people short at the bottom. The r/r is so weak.
- Too many companies depend on ETH maintaining / increasing in value. Companies with way more capital and ability to market make beyond whales + bitmain.

I've sold off alot of my alts into ETH to buy back in. My plan is to keep lowering my sell price on the alt/eth pair to catch the reverse. Put 50% back in BTC / 50% in USDT. May net me 10%, may net me 100%. Dunno.

Only reason to dump ETH right now is if you fundamentally believe it is worthless.Which maybe it is. But I don't think so.

Godspeed anons.