Row 20055

Row ID: 20055 | Dataset Entry | Axioma AXP Content Repository

Content Data

This page contains data entry 20055 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

For the last week, Eth slipped to 2.8k and Eth/BTC ratio sunk to 3 year lows after the media narrative and expectation that Eth ETF would be rejected.

Plenty of news article out there putting ETF approval odds at '5%' or '10%'.

All of a sudden, overnight - Eth has pumped from 3.1k to 3.8k, I opened up the charts and saw a 25% green dildo! Then when I checked the news, now they are saying the ETF approval odds has risen to 80% - almost as if last week's 'prediction' by 'experts' of 5% didn't happen!

1) My term for calling this - '**market amnesia**'.

What is **market amnesia**? From my experience in the last 3.5 years of crypto, that is when everyone are convinced at a certain narrative (e.g last week it was ETF rejection, slump in eth price below 3k and people thought it would drop to 2.5k).. and then overnight the sentiment changes with a new narrative and people forget the last thing even happened.

(btw not an official term i'm just calling it that lol, not sure if you can google that)

**2) Sharing the story of “Mr Market”**

Many of us may not agree with him, but one story that always comes to my mind all these years is Warren Buffett story of how irrational markets will be. This is probably the number 1 story I remember about investing across many years.

TLDR of the story goes like this: Every single day, Mr Market goes to the market to buy apples. Each and every day, he makes an offer to buy apples – depending on his mood.

One sunny morning, he makes an offer to buy your apples at $10 – he says apples is the only fruit everyone will eat and there will be an apple shortage soon! The next day, Mr Market becomes gloomy and offers to buy apples for 10 cents – saying your business is doomed as everyone is abandoning apples. This goes on day after day, while Mr market swings from euphoric highs to depressing lows.

By sharing this story, Mr Buffett is actually describing what the markets is – the underlying asset remains exactly the same, but the price according Mr Market fluctuates wildly according to sentiment.

**3) The solution - Stay firm to your beliefs, don't get swayed by emotions.**

I never sold a single Eth, and instead DCAed (of course on hindsight I wish I bought more, but I don't have a crystal ball) a small amount into Eth with BTC when the Eth/BTC ratio was around new lows.

Why? Because I take a long term outlook - and when Eth was below 3k, that was a low price for the long term.

On the flipside, am I FOMOing into Eth now it is close to 4k and right after a 30% overnight pump? My answer is no because I don't trade on emotions and FOMO. I already did some buying before the pump when everyone was calling for it to go lower.

As always, like we say in the community - EEE, Eventually Everything Ethereum !

FieldValue
text For the last week, Eth slipped to 2.8k and Eth/BTC ratio sunk to 3 year lows after the media narrative and expectation that Eth ETF would be rejected. Plenty of news article out there putting ETF approval odds at '5%' or '10%'. All of a sudden, overnight - Eth has pumped from 3.1k to 3.8k, I opened up the charts and saw a 25% green dildo! Then when I checked the news, now they are saying the ETF approval odds has risen to 80% - almost as if last week's 'prediction' by 'experts' of 5% didn't ha…
label r/ethtrader
dataType post
communityName r/ethtrader
datetime 2024-05-21
username_encoded Z0FBQUFBQm5LakxfSWFjdnRjX1FQS1F5Rk42aHZWQTNhVW9KU1BXNm9IVWFXaFh2VjJnbXFaTjZrejFWWUE3S19wN1lwbkJ6UnhUSV9YQjZFWGV5VzdqaXZxMjVUVkt1Qnc9PQ==
url_encoded Z0FBQUFBQm5Lak9PMXNwS1pHckVYazdocC1BeG1fN1JfSzc4RDduRDVqWUxQdXRrUk85cENHZ2FzQTVOU1ozQ0FhLXhRTzNaRHh2ejU5UFNzWnJ0SVV0blU1aG00MjVOYkJSeVR6T3hpZTFRYkgwRVVEZm5xNmM5RnlNZWFwcmZYZk9GMVplTGh0YWZpRTdhcE84cmlHaUp4QmFvYm10WnUyOURRcUkzdW1yd0RDajVZcl9hbGxTbjJfY2RBUTdsSnBHUVk5eWtIWWJ2RWp0MUVrSTgyQXU2aEVjSXY5QkdBUT09

Raw Record

{
  "text": "For the last week, Eth slipped to 2.8k and Eth/BTC ratio sunk to 3 year lows after the media narrative and expectation that Eth ETF would be rejected.\n\nPlenty of news article out there putting ETF approval odds at '5%' or '10%'.\n\nAll of a sudden, overnight - Eth has pumped from 3.1k to 3.8k, I opened up the charts and saw a 25% green dildo! Then when I checked the news, now they are saying the ETF approval odds has risen to 80% - almost as if last week's 'prediction' by 'experts' of 5% didn't happen!\n\n1) My term for calling this - '**market amnesia**'.\n\nWhat is **market amnesia**? From my experience in the last 3.5 years of crypto, that is when everyone are convinced at a certain narrative (e.g last week it was ETF rejection, slump in eth price below 3k and people thought it would drop to 2.5k).. and then overnight the sentiment changes with a new narrative and people forget the last thing even happened.\n\n(btw not an official term i'm just calling it that lol, not sure if you can google that)\n\n**2) Sharing the story of “Mr Market”**\n\nMany of us may not agree with him, but one story that always comes to my mind all these years is Warren Buffett story of how irrational markets will be. This is probably the number 1 story I remember about investing across many years.\n\nTLDR of the story goes like this: Every single day, Mr Market goes to the market to buy apples. Each and every day, he makes an offer to buy apples – depending on his mood.\n\nOne sunny morning, he makes an offer to buy your apples at $10 – he says apples is the only fruit everyone will eat and there will be an apple shortage soon! The next day, Mr Market becomes gloomy and offers to buy apples for 10 cents – saying your business is doomed as everyone is abandoning apples. This goes on day after day, while Mr market swings from euphoric highs to depressing lows.\n\nBy sharing this story, Mr Buffett is actually describing what the markets is – the underlying asset remains exactly the same, but the price according Mr Market fluctuates wildly according to sentiment.\n\n**3) The solution - Stay firm to your beliefs, don't get swayed by emotions.**\n\nI never sold a single Eth, and instead DCAed (of course on hindsight I wish I bought more, but I don't have a crystal ball) a small amount into Eth with BTC when the Eth/BTC ratio was around new lows.\n\nWhy? Because I take a long term outlook - and when Eth was below 3k, that was a low price for the long term.\n\nOn the flipside, am I FOMOing into Eth now it is close to 4k and right after a 30% overnight pump? My answer is no because I don't trade on emotions and FOMO. I already did some buying before the pump when everyone was calling for it to go lower.\n\nAs always, like we say in the community - EEE, Eventually Everything Ethereum !",
  "label": "r/ethtrader",
  "dataType": "post",
  "communityName": "r/ethtrader",
  "datetime": "2024-05-21",
  "username_encoded": "Z0FBQUFBQm5LakxfSWFjdnRjX1FQS1F5Rk42aHZWQTNhVW9KU1BXNm9IVWFXaFh2VjJnbXFaTjZrejFWWUE3S19wN1lwbkJ6UnhUSV9YQjZFWGV5VzdqaXZxMjVUVkt1Qnc9PQ==",
  "url_encoded": "Z0FBQUFBQm5Lak9PMXNwS1pHckVYazdocC1BeG1fN1JfSzc4RDduRDVqWUxQdXRrUk85cENHZ2FzQTVOU1ozQ0FhLXhRTzNaRHh2ejU5UFNzWnJ0SVV0blU1aG00MjVOYkJSeVR6T3hpZTFRYkgwRVVEZm5xNmM5RnlNZWFwcmZYZk9GMVplTGh0YWZpRTdhcE84cmlHaUp4QmFvYm10WnUyOURRcUkzdW1yd0RDajVZcl9hbGxTbjJfY2RBUTdsSnBHUVk5eWtIWWJ2RWp0MUVrSTgyQXU2aEVjSXY5QkdBUT09"
}
Explore Dataset Explore Row

Entry Information