BTC & ETH Market Reflection: Warnings of Blind Optimism and Bandwagon Investment
Looking back at the first half of the year, when ETH was hovering between $3,500 and $4,000, the market was full of optimistic arguments of the "early bull market", with predictions of BTC breaking $100,000 and ETH hitting $8,000. Now, as ETH prices fall, the wind direction changes suddenly, and the former optimists turn to warn of risks, predicting that ETH will fall below $2,500. Such bandwagon behavior is hardly forward-looking investment, but rather a manifestation of the herd effect.
As early as the first half of the year, truly insightful investors warned that ETH might drop below $2,000, and even predicted that it might reach the three-digit area. I have also reminded that ETH should be cautious above $2,000, and such judgments are based on in-depth analysis of market dynamics, rather than blind optimism or bandwagoning.
There are many people in the market who hype up concepts such as "halving" and "US interest rate cuts". They are either noisy people in the square or self-proclaimed investment gods. They attract fans by exaggerating, but in fact they sell courses and harvest leeks. Here, I reiterate: there is no authority in the virtual currency market, and everyone is a self-exploring traveler.
Absolute statements such as "big bull market" and "halving will definitely increase" are often just smoke bombs to lure people into the game. Even if the market rises, it does not mean that the bottom will not be unfathomable. This is especially true in the currency circle, where uncertainty is its essential characteristic. Therefore, maintaining independent thinking and prudently assessing risks is the long-term solution.
Finally, I advise all investors not to believe the remarks of the so-called "investment gods", let alone blindly follow the public opinion in the square. Protect your wallet and let rationality and independence be your beacon in the currency circle.
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