I capitulated and went all in on ergo today
I admit the price may go lower from here but after seeing how quickly it pumped yesterday i realized we have no guarantee of being able to buy at lower prices. Id rather buy at 1.70 and watch it sink back to 0.9 than watch it pump to $3 in a day when im not all the way in. The pump yesterday was from a small, impatient whale, if a larger whale wanted to buy erg quickly it would pump a lot more than that… trading isnt about making usd its about making ergs, to improve my purchasing power in the ergoverse. I couldnt stand to lose any more precious ergs so i had to go all in today. I expect it will trend lower for now but sometimes the risk of missing out is a lot more than the risk of losing. I will look forward to more time to buy but from the looks of the whale accumulation i doubt there’s any ergo left to buy these days. Well at least not below $2 any whale who actually wants to buy a lot of erg will pay way more than $2 so the real price for erg is probably already at $3 for a whale who wants to buy a lot.
Last cycle ergo went from $0.09 to $20 this cycle it goes $0.9 to $200 thats how crypto works. Even if it doesnt go all the way to $200 im sure the returns will be plentiful.
Its funny because the way i see it theres two diamonds in the cryptoverse: ergo and bitcoin. Everyone is focused on btc while ergo continues to grow and evolve faster than anyone could have expected. I dont mean to diss anyone else’s projects, im sure they will do well and have bountiful returns but for my needs ergo is the only coin i want.
Ergo is the real bitcoin, its so obvious now, anything else is just a distraction. All of the coins, their technology pales to what ergo offers and so few understand the technology they have no idea how easily the price will pump from a tiny whale buying some. Its the most pumpable coin in existence because of its decentralized metcalf’s law network effects that will cause expontential growth on top of bitcoin. Its true downside risk is real, if you made it this far you already know that but the upside is a new era for erg holders to prosper and for btc to merge with ergo to form the new omnichain the ultimate combination of all of the blockchains working together seamlessly through programmed agents on the blockchain to facilitate liquidity and financial freedom for the people.