This sub is being flooded with FOMO flavoured posts today, not long ago every post began with "We all know this bear market will last for months..."
ETH climbed 74% from its lowest point in June (chart is showing ~1 month):
Chart is looking yummy today!
Zooming out
Now this is the "big picture" (chart is showing ~9 months):
Oh no. What are you doing, step math?
Yes, we were 82% down from ATH and 78% gains look so tiny. Math isn't really our friend when it's about investments. Just keep in mind that we would need to gain 480% to arrive at the ATH again (and I think we will eventually).
Nobody will know if that was the bottom. So if you DCA, do it. If you feel better with waiting, do it. But do not let the fear of missing out guide you. Even if you've missed the bottom, you won't feel bad about it once we hit a new ATH.
Have a nice week! Take some time off charts and try to learn something new. I'm learning Python programming now after planning to do so for years.
Also: of course this is not financial advice, do what you think is best and always DYOR
/edit As someone pointed out it's not 480% from here, but from the bottom in June. ATH is only 195% from actual price :D
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