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RE: We are Seeing the Effect of ICOs on the Ethereum Price

in #cryptocurrency7 years ago (edited)

Also looking at the price weekly is stupid. No serious investor looks at weekly price movements.

You must be a newbie trader, because every professional I know uses multiple timeframes for their investment decisions.

You do realize, of course, that weekly data is simply a condensed version of daily data? It makes no sense that you'd disregard a given timeframe. Unless you are focused on the pump-and-dump short term -- which is a trap a lot of new traders fall into.

You also forget I began my post with "IF", which is a logical conditional statement. If you think I said Ethereum is dying - as a fact, then you haven't read what I wrote closely enough to tell the difference.

This is what I meant about ETH supporters. They are so focused on the get-rich aspect of trading that they ignore anything long term that conflicts with their views.

Sad....