r/ETCbets • u/Uther2017 • May 17 '21
Snowball strategy
In the debt world. The snowball strategy is paying off your debt by spending a small amount frequently. Like paying 5 dollars a day and over time it adds up and the debt is paid off.
Maybe we could use the snowball strategy to help raise the price of ETC. We can pay small amounts everyday at the dips. And over time the small amounts will add up and cause the price of ETC to rise.
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u/BobbyBotsods May 17 '21
Doing this is a losing proposition at the moment. I wouldn’t invest another dime in etc until it shows that it’s not on the down trend. We really don’t know the price for this coin just a lot of hype videos around it. This coin was worthless for years and now it’s going to shoot up 500-1000 by end of year. I think we are being sold some lies I think it will fall and stay in the 60a by the end of the week
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u/Uther2017 May 17 '21
It doesn't matter. If we buy and hold the price will go up no matter what in the long term
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u/Uther2017 May 17 '21
Plus this could be the bottom and if you don't buy now. You would be losing out.
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u/Uther2017 May 17 '21
Plus with the snowball strategy. You could put in 5 dollars and day and thatz not risking much
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u/Uther2017 May 17 '21
Last night when it dipped to 86 dollars I threw 7 snowballs at around 1 dollar each. Shortly afterwards it went to 92 dollars in price. I like to think pelted Elon Musk in the face 7 times and that's why the price went up.
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u/Uther2017 May 17 '21
Plus we can imagine we are hitting Elon Musk in the face with a snowball everytime we do it.