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- Ethereum Price is Up 425,500% – That's NOT a Typo
Ethereum Price is Up 425,500% – That's NOT a Typo
PLUS, What is FUD in crypto? A simple explanation
Big Joe Crypto
August 02, 2023
Hey! It's Big Joe Crypto – your digital asset air traffic controller.
I’m here to track the flight path of your favorite assets through the cryptosphere. Speaking of which, Ethereum has soared through the sky by over 425,104%
No that’s not a typo – that’s the nature of crypto, so let’s dive in!
You’ll be dancing like that too once you get that 4,000X crypto 😅
Here's what's happening today:
🥳 Ethereum (ETH) turns 8, and its price is up 425,104% (not a typo)!
👀 Is crypto about to collapse? We explain the latest FUD in crypto
😕 Binance could face fraud charges in the U.S.
Got big crypto questions?
💡 Just so you know, we include affiliate links in our content from time to time. If you decide to purchase anything from our partners using our links, we get a little crypto-crumble 🍪 – aka, “we get compensated”. It’s our way of keeping the lights on and the content high-quality at Big Joe Crypto. Learn more.
BIG MOVERS: THE CHARTS
*Prices as of 9:30 PM EST. BIG Movers based on top 300 cryptos by market cap.
TODAY’S BIG STORY
ETH price is up over 425,500% as it turns 8 years old
I feel like anyone with a 4,000X return would react like this 😂
The big price pump…
Some people may never experience the insane gains crypto can bring.
In crypto…
A 5X is like a right of passage.
A 10X in crypto is pretty normal.
A 30X happens often.
And if you get in at the right time, and hold through the tough times, you might even achieve a 4,000X return (yes, four THOUSAND times your investment).
That’s what happened to the people that got ETH back in 2015.
In fact, check out ETH’s price chart from 2015 to today.
The wild thing is that ETH down 60% from its all time high.
That means if you had ETH from 2015 (just 8 years ago), and sold at the top of the bull market of 2021, you would have made a 1,134,400% gain or a 11,344X return on your investment. Woooooah!! 👀
Most people will never see the kinds of gains that crypto brings, but you CAN since you’re here and scooping up this valuable knowledge. 😉
Fact is, the ETHs of tomorrow are being created today.
It’s the cryptos most people don’t pay attention to, that will likely be the 10X, 30X, and 4,000X cryptos of tomorrow.
Some ETH holders made a “MILLION PERCENT”, so that’s why making a 10X is average for a lot of crypto holders.
And that’s also why I hold over 50+ assets my portfolio.
The next ETH is just sitting in there waiting to burst.
🤔 Why you should care
What's the big deal about ETH's stratospheric rise?
Simply put, it spells opportunity - the kind that can change lives.
This isn't just about marvelling at astronomical numbers; it's about understanding what's possible for YOU. 🫵
ETH's story is a testament to the potential the crypto world holds.
The future ETHs are among the cryptos that most people overlook today, and these could be the vehicles for your 10X, 30X, or even 4,000X returns tomorrow.
Out of over 20,000 crypto assets out there, I've selected a unique array of 50+ for my own personal portfolio.
These aren't random picks either; they're carefully chosen, showing genuine promise to outpace even Ethereum over the long haul.
You're here because you see the potential that lies in crypto. And I’m happy to share everything I’m doing with you.
And as you navigate this space, remember that it's not all about chasing the highest gains, but also about understanding the market, making informed decisions, and managing risks.
That’s how I do it, and you can check out exactly how in my portfolio.
Have a look, if you’d like right now. 👇️
More Big News…
Is crypto about to collapse? We explain the latest FUD in crypto
The big question?
What is FUD in Crypto? Explained in simple terms
Imagine it's a beautiful Friday morning, and you're cozied up with a warm cup of coffee and your favorite cereal, skimming through the latest news in the crypto world – when a headline sends your heart plummeting.
Crypto Market Crash! Bitcoin Down 50%!
That, my friends, is a classic example of FUD - Fear, Uncertainty, and Doubt.
It's enough to make even the bravest of crypto enthusiasts spill their coffee.
But what exactly is FUD, and why should you care?
Let's dive into it.
FUD in Crypto: Fear, Uncertainty, and Doubt
FUD, a term coined in the stock market and borrowed by the crypto world, stands for Fear, Uncertainty, and Doubt.
In the simplest terms, it's a strategy used to influence perception by spreading negative, misleading, or false information.
Imagine it as an infectious disease, a virus.
It starts with a simple cough (a rumor), which then spreads and mutates into a flu (panic selling). Before you know it, we have a pandemic (market crash).
Why?
Because FUD often triggers a negative psychological reaction, causing investors to sell their crypto holdings in fear of a market crash.
Which leads me to the next big question…
Is the crypto market about to crash?
It difficult to predict if/when a big market crash will happen, but let’s look at some evidence….
There was a big hack on Curve Finance that many predict will cause a collapse in DeFi prices.
Binance is still fighting serious allegations – and if they go down, make no mistake, crypto markets will suffer.
And then there’s the imminent crash of ETH’s price against BTC, that crypto analyst just highlighted (again).
In short, people think something bad is about to happen, which leads me to my next point.
🤔 Why you should care
FUD is like an invisible hand that can steer the crypto market, as well as your investment portfolio, towards turbulence.
And that’s never a good thing.
But a balanced crypto portfolio and the right approach can help you ignore FUD and prosper.
For example, my RACI system of crypto investing ensures my portfolio has the right mix of crypto assets.
That way, if the market crashes, I’m not losing sleep. If the market goes way up, I ride the wave and profit big time.
In fact getting a 10X return on crypto investments is pretty normal to me.
Plus, FUD doesn’t scare me like it used to back in the day.
I realize now that most of it is just that… FUD.
Just be sure you read everything with a grain of salt, and if you’re ever unsure about the news you see out there, feel free to send me an email with any questions.
P.S. If you want to check out my personal crypto portfolio, including which assets I hold and how I allocated them, check out my crypto portfolio below.
The takeaway…
So is crypto about to collapse?
It might, or it might not, depending on who you ask.
Some “FUDsters” will say yes!
But we won’t know whether that’s true until it happens. If it does, stay tuned as I’ll let you know my latest moves and what I’m doing with my crypto.
TODAY'S BIG CRYPTO TIP
Steer Through The Crypto FUD
If Bitcoin crashes you can bet that your Uncle Johnny is probably gonna rub it in your face.
“See, I told you… this Bitcoin stuff is going to ZERO!”
But just because Uncle Johnny hates crypto, doesn’t mean you should avoid making life-changing gains.
Remember that fortune favors the brave.
When others see doom, savvy investors often find opportunity.
Don't let the FUD stop you from capitalizing on potential buying opportunities.
This is often when you'll find gems at a discount.
In fact, I consider crypto to be at really good prices right now.
Sure we might go down from here before we come back up, but there’s a good chance we WON’T go down much at all, so this could be your big chance to get in a good prices.
Cryptocurrencies, like any other asset, have cycles. So I’m using secure platforms like Kraken to buy crypto every single week. 👍️
Whichever exchange you choose, just be sure it’s trusted and secure. 🔒️
And average into the coins you like, rather than blowing it all in one go. That way you’ll always something extra to take advantage of good opportunities.
MORE BIG HEADLINES
👀 After a pretty tough summer, Binance could be facing fraud charges in the U.S.
🙏 Grayscale is pleading with the SEC to approave all Bitcoin ETF simultaneously.
🤘 MicroStrategy is still buying BTC in record amounts.
BIG LAUGHS! TODAY’S MEMES 😂 🤣
LOL! Be sure to avoid the pain by using a profitable portfolio allocation, and not pure delusion. 😅
But not us! We make crypto easy to understand! 😁 Share Big Joe Crypto with friends to get free rewards.
DISCLAIMER: Nothing in this communication, or from Big Joe Crypto and associated bigjoecrypto.com domains is financial advice. It’s all educational and is not investment advice, a recommendation or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful, stay rational, and do your own research (DYOR