Im planning to invest in Ethereum. Is this a good plan? - page 15.

clydecessna

newbie

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Quote from: Jawhead999 on August 13, 2020, 11:53:43 PM

Quote from: clydecessna on August 13, 2020, 11:30:36 PM

i have an instinct that this will rise up in the future. Any thoughts? Help .

How accurate are your instinct? I suggest if you don't know about ETH you shouldn't try to invest. You need to understand first what is ETH, how it's work, and have strong analysis on fundamental. You're gambling if you only rely on your instinct, not investing.

A coin/token on bullish right now doesn't mean it will continue to bullish.

Yes, more like im just betting. Anyways, there's still more to learn.

Reid

hero member

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I also believe in my instinct but that should not be enough.
Look for a better reason into why you are buying it.

Ethereum had grown rapidly before going to $1000+ in price.
Vitalik even told in social media that it won't happen again but there is so much hype in Ethereum 2.0 which could be the reason for the pump.
Please do better find another meaning of buying it so you won't regret it later on.

Bitcoin Miners

full member

Activity: 440

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Roobet

Quote from: clydecessna on August 13, 2020, 11:30:36 PM

I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .

That is a wise choice for newbie as you because the safe of Ethereum just behind Bitcoin in this market, maybe the profit will come slowly but if you apply the average price strategy to buy it also be good for long time

PerfectCircle

member

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Ethereum still carries same risks you can find in other coins in crypto space today, the price is over 400$ now and only God knows if this bull will continue, ask yourself if you are ready to hold for long time or not, Ethereum is more reliable than many new altcoins though, making it a better choice

anu1908

sr. member

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i also have the same plan. their future looks good for now but I won't hold it forever. maybe after 2 years i'll re-evaluate my plan and see how eth go for the next years. as the old saying goes, the best time to invest is when nobody know it, the second best time to invest is now. don't hope too much for a pullback that might never happen. and if your portfolio turn into negatives, take a look back at the fundamentals. if you believe it's strong then it will climb back up sooner or later.

ancafe

hero member

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Personally, I will do a token exchange that is not very clear about its development with ethereum. but, I move based on awareness and the speculation that I do. when it doesn't match the predictions, then I'm ready for it. however, relying on instinct was not the right thing. look for information about ethereum that can support the decisions you will make. it's better than relying on instinct

DoubleEdgeEX

member

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A very recent post with a legitimate analyses of ETH for the next 5 years - https://decrypt.co/37295/ethereum-the-next-five-years

One thing though, don´t invest money you can´t afford to lose and don´t get geedy when you made your first profits!

noorman0

hero member

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[Nope]No hype delivers more than hope

ETH is one of my favorite coins after BTC. If you are planning to invest with it, I think it is the right choice as a long-term investment considering that Ether continues to be developed in a sustainable manner. But as @Jawhead999 said, your instincts need to be considered from various factors, especially technical and fundamental analysis. When you start when the market is bullish, of course it is not the right time.

Besides, you shouldn't just "put all the eggs in one basket." There are a number of things that can cause a coin to experience a drastic drop in price while not experiencing another coin as was the case with major hacks. You also need to consider other popular coins which I think have the same potential as ETH as alternative plans.

KnightElite

sr. member

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Quote from: LimLims on August 14, 2020, 12:22:34 AM

Quote from: clydecessna on August 13, 2020, 11:30:36 PM

I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .

Instinct doesn't help to get profits.
But yes it may be a reason for the upcoming loss.
Okay let's back to the topic.

To be honest ETH is a pretty good coin to invest on.
It's price is too volatile.
It means there are equal chances to get profit and loss too.
So if you want profits instantly then you should definitely go for ETH.
But if you are a slow earner and can wait for longer days, then i can say invest into stable cryptos.
XRP can be a good option if you ask my opinion.
Nevertheless Gl OP. Make huge profit.

For those new comers in the market that is purely rely on their instinct, be careful because instinct or guts are not the key in order to have successful investment and trading career. ETH is good but you should understand the risk of it, you should not just make investment if you able now to understand the price action, the trend and the volatility.

Yesterday the price of the ETH BTC pair made a rally again and managed to breakout the resistance after the 13 days of consolidation. For the beginners in the market who cannot decide on what altcoins to buy, use a screener and look at the altcoins that is currently have good movement in these past days.

LimLims

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1xbit.com

Quote from: clydecessna on August 13, 2020, 11:30:36 PM

I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .

Instinct doesn't help to get profits.
But yes it may be a reason for the upcoming loss.
Okay let's back to the topic.

To be honest ETH is a pretty good coin to invest on.
It's price is too volatile.
It means there are equal chances to get profit and loss too.
So if you want profits instantly then you should definitely go for ETH.
But if you are a slow earner and can wait for longer days, then i can say invest into stable cryptos.
XRP can be a good option if you ask my opinion.
Nevertheless Gl OP. Make huge profit.

mr.smith

jr. member

Activity: 119

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Quote from: clydecessna on August 13, 2020, 11:30:36 PM

I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .

You posted like you just stumble Ethereum just now, of course, it will always raise its all-time high was over $1000 and it's the second most popular coin in the market, doesn't need an instinct to know that.

Argoo

sr. member

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Quote from: clydecessna on August 13, 2020, 11:30:36 PM

I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .

I also agree with you. Ethereum is one of the most promising cryptocurrencies for price growth this year. Today, this coin surprised again, having risen in price by eight percent to reach $ 428. If you look at the dynamics of growth, ethereum is growing in price much more than bitcoin. This coin is growing in anticipation of the Ethereum 2.0 improvements.

Jawhead999

legendary

Activity: 1834

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Quote from: clydecessna on August 13, 2020, 11:30:36 PM

i have an instinct that this will rise up in the future. Any thoughts? Help .

How accurate are your instinct? I suggest if you don't know about ETH you shouldn't try to invest. You need to understand first what is ETH, how it's work, and have strong analysis on fundamental. You're gambling if you only rely on your instinct, not investing.

A coin/token on bullish right now doesn't mean it will continue to bullish.

clydecessna

newbie

Activity: 7

Merit: 0

I am new to the crypto world. Im planning to invest in Eth because i have an instinct that this will rise up in the future. Any thoughts? Help .

Topic: Im planning to invest in Ethereum. Is this a good plan? - page 15. (Read 4514 times)