To the Moon! But where is it?

Every one of us whoever is connected in the blockchain world knows the phrase "To the Moon" but do we know where is it, no right? It is one of the popular phases in the crypto world and every other people uses it to say that crypto coin will rise. To be honest, it is nothing but sort of feeding the FOMO in people's minds. Anyone wants to show the coin in a good manner and wants people to buy that, the phrase is "To the moon". There are quite a number of coins with the name containing the moon as well, see the chart of it.

PC: https://www.coingecko.com/

People want every coin they are holding to go to the moon. The moon is not the actual one, but the virtual one. The virtual moon no one knows about but it's an arbitrary price of the crypto they want it to go. When Bitcoin was $1000, people want it to reach $10000 for them it was a "To the Moon" price. When it reached $50K, then getting it to $100K was the "To the moon" price. As you can see that the "To the moon" price keeps changing based on the current price of the asset.

Basically, the moon is where you will get a good profit. People who invested in Bitcoin in the crash and sold it higher, for them they have achieved the "To the moon" price. And a lot of people just hold the coin irrespective of the price movement. The "To the Moon" price is something in the future and they are not gonna change it because of the short-term price movement. We can say that the moon price is personal and everyone wants their coin to rise so that they can get profit thus everyone wants their coin to go to the moon.

For you when you achieve 100% of the returns you might reach your moon whereas someone who achieved 100% does not reach their moon because they want 500% returns. I just like how much return or risk you can take with your investment. So when anyone says any coin "To the Moon", think about it that they want that coin to reach new heights.

Posted Using LeoFinance ^Beta