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Topic: Should I hold Ethereum or sell it? - page 2. (Read 714 times)

sr. member
Activity: 770
Merit: 445
August 08, 2024, 04:18:03 PM
#52
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Why will you buy ethereum for $3000 and sell it after your price has dropped to $2500? It doesn’t make any sense to me. The best thing to do is for you to hold and wait for it to bounce back. You are holding a very strong coin, and I'm sure when the market bounces back, it’s really going to recover quickly. The crash that happens doesn’t happen to only ethereum, you can see that every coin dumped, including bitcoin, so what I will recommend is that you should keep on holding, and if you have some money, then you can accumulate more of it and wait for the price to increase.
hero member
Activity: 2688
Merit: 588
August 08, 2024, 03:14:01 PM
#51
If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.
You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.
I don't think it's 50/50 but it's healthy and the ups and downs in it are only normal. We can only say that the future is uncertain and there might still be a chance for cryptos to disappear one day for some reasons despite them being not-so-new already in the financial market. Cryptos are composed of different coins and this is where you should put your ratio since some or many of them are not performing well and there is a good chance for them to get de-listed one day. About the general market, I'm with those who said that the market will now recover and I think it did already happened. Trump and his involvement with BTC lately have said to also contribute with that.
sr. member
Activity: 1372
Merit: 251
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August 08, 2024, 02:55:27 PM
#50
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
If you sell now it means you have decided to suffer a loss because you are selling below the purchase price, the decision is in your hands. But I say, be patient first, wait for the price to rise again or be slightly above the initial price you bought. That is if you are not in an urgent situation meaning you need fast funds
legendary
Activity: 2086
Merit: 1058
August 08, 2024, 01:45:00 PM
#49
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Not only ETH but all other coins including Bitcoin have suddenly dropped in price. But it will recover again so don't sell at a loss if your financial backup is to meet daily expenses.  It has temporarily dumped a bit so don't panic after seeing them just hold patiently as the price of ETH is now much lower than your purchase price. ETH price has a huge possibility to hit $10k in future so you should hold patiently. patience is they key of success. so you should keep in your mind that hold is gold specially for Bitcoin and Ethereum
I do agree that it will recover, way too many people are thinking that it is going to do fine, and we should be considering the fact that it is going to take some time and that is why I believe that we are going to make some profit if we keep holding at times, and this is one of those days and I think it is going to do just fine, we could make that work if we just keep on holding it.

Right now it is way too low, ETH is low too, well to be fair everything is low right now because we just had a crash, mainly due to Japan, but also recession, well both combined. I think that was just a temporary thing and with time we are going to see it do well. Recovery is something we do very fast, so it should not be a big deal and we can do it very quickly.
copper member
Activity: 252
Merit: 4
August 08, 2024, 01:24:16 PM
#48
You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.

The market might be 50:50 but people that take risk are the takers and we need to understand that, everything in crypto generally is risk and when you risk that is when you will get a lot of opportunities because for the time have experienced in cryptocurrency their is a lot of opportunity to make use of is just left for us to actually understand and make use of that opportunity. If you want to because of the risk you don't want to invest then that fear will limit you of a lot of opportunities out there in crypto. And if it is about worrying about the dip then you will not invest also so if it is about the dip then it's an opportunity to buy and keep that period. And factors will always reflect of the market so let us, have this in mind and it is only those that are new that will worry about the market if not their is nothing new that as not happened before in cryptocurrency.

The course of action shouldn't change because of the tides, in my opinion. It should be reinforced instead.
full member
Activity: 602
Merit: 144
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August 08, 2024, 11:44:14 AM
#47
Yes, the price of Ethereum is going to spike when the bull market starts. If you sell now, you might still blame yourself by the time you see the price spike to $4.5k. Investment in cryptocurrency requires patience and the right strategy. If you had only invested part of your capital initially at $3000 price, you would have had the opportunity to buy more now that the price is below $3k.
 Exactly you told appropriate when bull market will start then he will blame himself there has no doubt. We know up and down will be nataurally in cryptocurrenchy market. Now we are seeing crypto market is down but it can be turn anytime. We know some days ago Bitcoin halving has been happen, so it has some effect which we will see any time i think. So he bought ethereum $3000 it is not fact. He can follow DCA method now. When bull market will come then he will be huge profited.
full member
Activity: 490
Merit: 209
August 08, 2024, 11:31:27 AM
#46
You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.

The market might be 50:50 but people that take risk are the takers and we need to understand that, everything in crypto generally is risk and when you risk that is when you will get a lot of opportunities because for the time have experienced in cryptocurrency their is a lot of opportunity to make use of is just left for us to actually understand and make use of that opportunity. If you want to because of the risk you don't want to invest then that fear will limit you of a lot of opportunities out there in crypto. And if it is about worrying about the dip then you will not invest also so if it is about the dip then it's an opportunity to buy and keep that period. And factors will always reflect of the market so let us, have this in mind and it is only those that are new that will worry about the market if not their is nothing new that as not happened before in cryptocurrency.
sr. member
Activity: 854
Merit: 364
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August 08, 2024, 11:08:05 AM
#45
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
There is nothing to be weird about, mate. You need to understand that Ethereum is not like an ordinary coin it is the second largest Altcoins after Bitcoin. Indeed in the short term, Ethereum shows us a little bit of bearish sentiment because of the market dump, but to be honest it's a normal. Ethereum has great strength of potential and I am pretty sure that it will show up his boost in the new Bull run. So be strong..
 
In my opinion you need to stay strong and just HODL. Because the strong adoption of Ethereum is evidence that Ethereum will spike in the next bull run. While there is in next year have a high chance of Alt season. So beyond any doubt, Ethereum will skyrocket in price. So just hold a wait until the next bull run otherwise, if you sell it then in the next bull market you will be regret on it. Also try to accumulate Ethereum as much as possible.
 
DYOR !
copper member
Activity: 252
Merit: 4
August 08, 2024, 04:07:55 AM
#44
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.

You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.
legendary
Activity: 2758
Merit: 1228
August 08, 2024, 03:57:57 AM
#43
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.
copper member
Activity: 252
Merit: 4
August 08, 2024, 02:55:44 AM
#42
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
This is exactly the feeling you would have but mate I would advise you not to sell. infact if your in the position to buy more I will prefer you buy more and hold them this is the last time in this year Ethereum will dip and if you hold for longer term you would be in the best profit.

Eth will grow for sure it's just FOMO that is your problem at this point but don't follow the crowd to sell but instead be amongst the few that will buy now.

Yeah, those who follow the smart money and go against the crowd are those who will be fortunate to have a place under the sun. Which is, in our case, a good portfolio with green all around and a good mood from knowing that it's because of your own actions and analysis.
member
Activity: 66
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August 07, 2024, 06:44:07 PM
#41
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
This is exactly the feeling you would have but mate I would advise you not to sell. infact if your in the position to buy more I will prefer you buy more and hold them this is the last time in this year Ethereum will dip and if you hold for longer term you would be in the best profit.

Eth will grow for sure it's just FOMO that is your problem at this point but don't follow the crowd to sell but instead be amongst the few that will buy now.
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Activity: 322
Merit: 22
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August 07, 2024, 05:57:59 PM
#40

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

which is certain that it will likely go up again by not selling it that's what you need for now by holding it, making the decline in ethereum which resulted in liquidation in the market raise concerns about it, although it will be volatile but the situation will subside, with the potential for price recovery driven by positive factors and upcoming technical improvements, which are expected to start its upward trend again, by achieving market adoption at this time, it will be able to increase market confidence and investor interest, so there will be another increase that's what you need to wait for now.
sr. member
Activity: 364
Merit: 195
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August 07, 2024, 05:56:24 PM
#39
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Yes, currently the price of Ethereum is relatively low. I'm in the same situation as you but I bought a whole Ethereum in 2023 from around $2300. Since my Ethereum purchase, the market has continued to rise, reaching above $4,000 at one point. I left the price of ethereum to go higher but unfortunately it is slowly moving down from that position. Ethereum currently stands at $2,300, but I'm not worried because I think the price will definitely go up. I believe Ethereum will recover its value by 2024 If you bought your Ethereum at $3000 don't sell it now at a loss you must hold your Ethereum until you get a profit from your investment.
sr. member
Activity: 546
Merit: 309
August 07, 2024, 12:44:12 PM
#38
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Not only ETH but all other coins including Bitcoin have suddenly dropped in price. But it will recover again so don't sell at a loss if your financial backup is to meet daily expenses.  It has temporarily dumped a bit so don't panic after seeing them just hold patiently as the price of ETH is now much lower than your purchase price. ETH price has a huge possibility to hit $10k in future so you should hold patiently. patience is they key of success. so you should keep in your mind that hold is gold specially for Bitcoin and Ethereum
hero member
Activity: 1974
Merit: 586
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August 07, 2024, 11:11:15 AM
#37
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
You are brave enough to buy Eth at a fairly high price, it must be a halving moment purchase. Unfortunately selling now is not the right choice, a loss of almost ±25% is too risky. It is better to hold your Eth, don't store it on the exchange. At least withdraw it to a personal wallet to avoid panicking seeing the recent decline. In my opinion, apart from your losses, it can still be said that having Eth is better than other altcoins that cannot return to their highest prices during the bull run. Eth always follows bitcoin in its movements. We have seen that in every phase, there is still a bull run to come, maybe in early 2025, because usually 1 year after the halving, you can sell the Eth you own again.
legendary
Activity: 2408
Merit: 1102
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August 07, 2024, 10:10:36 AM
#36
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

ETH is considered the second safest after bitcoin in this market, and even if you have no faith in ETH, I think there will be no better choice for you unless you intend to sell ETH to buy bitcoin. If you decide to sell ETH just to buy other altcoins, it will be a worse decision.

ETH is also a potential investment no less than bitcoin. Although it cannot be compared to bitcoin, it is clearly more worth investing in than any other altcoin. Currently, we only have bitcoin ETF and ETH ETF, just look at them and you will see that choosing to invest in ETH is not a bad choice besides BTC.
sr. member
Activity: 588
Merit: 338
August 07, 2024, 08:38:37 AM
#35
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Ethereum is a top altcoin and that means that if it's price dips that it has the potentials to pump again and reach a new ATH. I can only worry about offloading my bag if I'm holding a coin/token that has not gained reputation in the crypto market, we have a lot of shitcoins in the crypto space but I wouldn't count Ethereum among them. Instead of selling your Ethereum, I'll rather advice you to accumulate more if you have the fund because I'm uptimistic that it'll bull in the alt season. Cryptocurrencies are volatile and we shouldn't worry when any reputable cryptocurrency like Bitcoin and Ethereum is in price dip
hero member
Activity: 770
Merit: 538
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August 07, 2024, 08:28:22 AM
#34
Yes, the price of Ethereum is going to spike when the bull market starts. If you sell now, you might still blame yourself by the time you see the price spike to $4.5k. Investment in cryptocurrency requires patience and the right strategy. If you had only invested part of your capital initially at $3000 price, you would have had the opportunity to buy more now that the price is below $3k.
hero member
Activity: 882
Merit: 654
Leading Crypto Sports Betting & Casino Platform
August 07, 2024, 04:54:42 AM
#33
I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Judging by the day you made this post, I advise you to hold your Ethereum, if at all you would sell it, you should let it at least rise back to around its ATH of this year. Selling a market when it has depreciated so much as Ethereum did already is not a smart decision and I am sure that in a few weeks or within the next 2 months, Ethereum may have been back to its 2024 peak or even move past the level. In the worst case, it would have hit a price that is very close to it. This is more money for you as an investment in Ethereum is somewhat secure, unlike many other useless altcoins.
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