Topic: Im planning to invest in Ethereum. Is this a good plan? - page 10. (Read 4469 times)

I say buy buy buy, all in. But i still like to ask if you know about ETH, if you know, then know how much? In spite of ETH is definitely an amazing and promising coin to every invester, but if you wanna invest in it, you have to fully understand ETH.

You should have invested that very moment in Ethereum mate because at least you have 10-15% profit last week.
ETH surge to more than $400 dollars in a span of a week things that you must be thankful

I am lucky to at least bought at 230$ so now i am celebrating because there are 60% profit in my possession now and will be more if the Bull continues.

You can't blame them because not all people is good in speculation and analyzing movement of each currency so why risk in
short trading when you can stay holding?

Most people and users on this and similar threads simply tell people to buy, buy and then buy some more. This is poor advice in my opinion. Better advice would be to time the market and make a killing in stead of just holding. The market goes up and down, take advantage of that.

many think the same as you including me ethereum is an established coin in all respects very suitable for long-term investment because it will provide a lot of profit, I also continue to invest in Ethereum because I believe Ethereum will give a lot of money for me

You probably should not invest in Ethereum if you just rely on instinct. Yes, Ethereum does a good pick for an investment. But after looking at your post and you are saying that you have an instict, then you should not because that means you are just blindly pick the coins without having a proper research and probably just following other people choices.

thats could be best plan buddy, but if you already have some bitcoin in your wallet
because bitcoin is the best cryptocurrency, and the price could be touch another high level in this year 

I would tend to agree with you. Ethereum is on a slight short term downtrend right now after a huge swing upwards in the last 6 months or so. People taking profits short to medium term will most likely prevent ETH from rising any way. I would tend to lean towards the risk is way to high right now. I would stay away until prices come down.

ethereum decline occurred recently the drop is not very sharp, Ethereum's state is still in a state of correction can fall and rise at any time if the situation like now buying ethereum too risky it seems to me

To me this is both good and not bad, now seems like a good time because today Ethereum is experiencing an appreciable drop in price. You have to think about confidence before buying it

It is very difficult to make a concrete prediction about the price of ethereum because as we know we are in the middle of the DeFi hype which is making its price to go up really rapidly but what is going to happen once people realize the DeFi hype was precisely that nothing but hype? Most likely at that time the price of ethereum will go down so the question is how long can this hype last? Because even if there are a few good projects among them scammers are already creating lots of coins under the DeFi banner and it is not going to be long until we begin to hear stories of people being scammed in those projects.

The first Ethereum forecast that we will analyze in our guide was published by an online analyst under the nickname Bobby Ulleri. The model he uses is based on the global economy and the hunch that blockchain technology will play a much more important role in international trade.

According to the analyst, Bitcoin and Ethereum will account for 25% of the entire cryptocurrency industry, which will amount to about $ 4.5 trillion in market capitalization by 2020.

Note: Market capitalization is used to calculate the total value of a cryptocurrency, much in the same way that companies are priced in the real world. The data is obtained by multiplying the current coin rate by their total number in circulation. For example, if the value of a coin is $ 20 and there are 10 million coins in circulation, then the total market cap would be $ 200 million.

However, since there is no fixed limit in the case of Ethereum, Ulleri uses data of 100 million, as Vitalik Buterin predicts exactly this number of coins in the future.

So, considering all these factors, the analyst believes that the Ethereum price will reach $ 11,375 by 2020. That equates to Ethereum's $ 1 trillion market cap! Is it possible?

For this forecast to come true, the price of Ether must exceed its highest mark of $ 1300 by 775%. It actually doesn't sound so unrealistic considering the fact that Ethereum has increased by 10,000% in 2017! However, what do you yourself think about this?

Nah. Ethereum swings wildly. I would wait until the price gets a lot cheaper than what is stands at now (sub 400). I would be a buyer in the 100-150 range. If Bitcoin tanks, it would drag altcoins with it down. There would be no safe haven and that accounts for Ethereum as well.

First, I welcome you to the Crypto-community! Please know that there are so many scammers so make sure you don't make person-to-person transactions to avoid getting robbed.
If you are planning to invest on ETH, know that the price of ETH is volatile so we do not advice you to invest of an amount which you could not afford to lose.
ETH is recommended if you are planning to invest and remain dormant for a long period. Like 2 or more years from now.
We highly suggest to purchase ETH at well known exchanges like the following;

https://www.binance.com/
https://www.okex.com/
https://www.bithumb.pro/en-us
https://www.coinbase.com/

Also, we suggest you learn on how to make a paper wallet so you may store your ETH there.
It is also recommended to use hardware wallets as they are more durable than writing your wallet information on a piece of paper.

 Right now with the way that ethereum is dropping, it would actually make a great sense if you bought ethereum you could actually make a good amount of profit, I have talked about ethereum highly a lot of times here, you can check my messages and you will see that I always promote ethereum. I am not "shilling" because lets be honest it is already the second biggest coin right now and there are not any other altcoin that is bigger than ethereum, only bitcoin is higher. So you can't really "shill" something so high, it is already shilled and super high anyway, why would people be fooled by your support.

 I would say that if you buy right now there is a big chance that you could actually make a good amount of profit over time, you may end up waiting for it a bit longer than you may want to, it makes sense to get it over what it used to be, but at the same time if you wait for like a year or so, you could double your profit very easily as well, that will surely happen.

I second that wholeheartedly. Noone expects it right now, but imagine one has all their eggs in only one basket at that one tanks hard for reasons unknown as of yet, breaking you investment into crumbs. Much better to have a broad range of alts, spread out your funds and you will be much safer.

no doubt mate, ethereum is the best altcoins for now,
even my biggest capital is in ethereum because i believe with this alt buddy

Ethereum is the second best coin after Bitcoin and always will be...
whenever you want to buy Ethereum it's a good decision. but you can also glance at other cryptocurrencies because not only Ethereum has a good future, Bitcoin, Tron, Link and a few more have a great future too, please do your own market research.

It's important to understand first how the market first what's the use of the token you are going to buy and also you should also know what investor you will be. Short term or long term? also you should know how to get out of the market. Ethereum is  a good investment as well but i can suggest you should divide your investment to different kinds of coins not just on one coin.

ETH has always been the top pick in this market, and you will always be profitable investing in it over the long term. I bought quite a bit of ETH in 2020 when it fell below $ 150, but I quickly sold it at $ 300 and now I am quite regretful because the price keeps going up every day.

Do you think the Ethereum 2.0 update could push Ethereum up to $ 800 or $ 1000? And this is all the maximum that ETH can do After switching to PoS algorithm? Personally, I have very high hopes for the 2.0 update and expect a significant increase in Ethereum demand due to staking.