I knew it!
I said it!
I was right!
Being right Hurts!
Last week I told you how I have been selling off my $ETH over the last six weeks and moving them into ALTs because I lost the conviction that after BTC Ethereum will run.
Are You Throwing Out ETH As Well?
And I also said that capitulating means that ETH will probably pump soon;
ETH is up 28% over the week!!!
Did I mess up now with this ETH ETF having a bit of hope?
ETH did 28% over the week and 14% over the month.
The ALTS I swapped my ETH for did:
COTI did 32% over the week and nothing over the month.
LTO did 23% over the week and 2% over the month.
PENDLE did 50% over the week and 0% over the month.
Basically on the coins I bought over the last two weeks from selling ETH I did well, everything I bought before the dump 3 weeks ago is F´ed. Lucky me I bought most after that dip.
ETH ETF Powerplay
I told you I was selling all my ETH;
In my mid-term wallet and I did although some smart ass pointed out I was still holding ETH on Publis0X as they pay their tips in ETH.
But I will be holding that till I die, or we reach the top in early 2025. Just to get the biggest reward for all my hard work.
But I said Mid-Term Wallet, My long-term wallet was still holding ETH, not that much about 0.45 ETH, and this ETF fairytale seems the best moment to take a bet and sell the rumor.
That is exactly what I did I am taking a 40% bet on ETH:
I sold about $700 dollars of ETH this morning:
WHY
I think Gensler is playing with our feet and will make the market dump. No ETH ETF till 2025 if you ask me so I expect a dump later today.
What If
If they approve we will also see a dump. Just like we saw with the BTC ETF there will be some happiness followed by a dump and then a steady move up.
My Plan
Buy the dip, and I might buy back that ETH and only spend the profit on ALTS. Or maybe I buy back just 0.111 because it´s a funny number.
BTW why do we need L2s? I sent $700 of ETH to an exchange and paid 55 cents. I think I am getting out of L2s as well.
Putting my money where my big mouth is and doing it right now:
Bikini Bottom Line
This is the time to sell the rumor, let´s see if all these years in the market made me smart money. Or if I am still a noob stumbling through the crypto-verse.
Guess we will know soon!
Thank goodness you made it till the end Pees, Love and I am out of here!
[Source Pic](All pics by MYI & AI unless watermarked or mentioned)