Pages:
Author

Topic: Should I hold Ethereum or sell it? - page 3. (Read 714 times)

newbie
Activity: 5
Merit: 0
August 07, 2024, 04:48:23 AM
#32
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?
I think it definitely makes sense to hold on to it and, if possible, even buy more ETH on the drawdown. Yes, it's not the best phase of the market right now, but a lot of factors have influenced it, and yet I'm sure that the price will be higher in the future, I expect $4k in the future.
copper member
Activity: 252
Merit: 4
August 07, 2024, 04:36:18 AM
#31
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?

Besides Bitcoin, Ethereum is another reliable coin that can be kept for a long time. Selling now will be a waste since you have already lost almost $500. The market is already turning green, so be patient until you recover your capital or make some profit.

Well we are now seeing price of Ethereum that is going back up. I do not think this is a good time for us to be selling off our coins for so cheap.
It is showing some signs of 'bullish' reversal after a bad day. There is maybe rate cuts in the US that will help the price rebound some more.
https://cointelegraph.com/news/ethereum-rebound-positions-eth-price-100-rally
There are speculations that the US might cut interest rates next month. The drop in employment statistics will force the Feds to reduce it, but nobody knows how low the cut will be. Next month might see a massive increase in the price of some coins; these are just my speculations.

I didn't hear about them, need to invest some time to see them as well, but it's a real deal if that happens, the only question is how much the market will feel and react to that decision.
hero member
Activity: 574
Merit: 554
Leading Crypto Sports Betting & Casino Platform
August 07, 2024, 03:58:55 AM
#30
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?

Besides Bitcoin, Ethereum is another reliable coin that can be kept for a long time. Selling now will be a waste since you have already lost almost $500. The market is already turning green, so be patient until you recover your capital or make some profit.

Well we are now seeing price of Ethereum that is going back up. I do not think this is a good time for us to be selling off our coins for so cheap.
It is showing some signs of 'bullish' reversal after a bad day. There is maybe rate cuts in the US that will help the price rebound some more.
https://cointelegraph.com/news/ethereum-rebound-positions-eth-price-100-rally
There are speculations that the US might cut interest rates next month. The drop in employment statistics will force the Feds to reduce it, but nobody knows how low the cut will be. Next month might see a massive increase in the price of some coins; these are just my speculations.
copper member
Activity: 252
Merit: 4
August 07, 2024, 03:47:50 AM
#29
Well we are now seeing price of Ethereum that is going back up. I do not think this is a good time for us to be selling off our coins for so cheap.
It is showing some signs of 'bullish' reversal after a bad day. There is maybe rate cuts in the US that will help the price rebound some more.
https://cointelegraph.com/news/ethereum-rebound-positions-eth-price-100-rally

I agree! We shall see ETH climbing up in the near future. No panic, don't worry, be happy, and see your portfolio turning green after the red tide Smiley
legendary
Activity: 3122
Merit: 1032
#1 VIP Crypto Casino
August 07, 2024, 03:44:44 AM
#28
Well we are now seeing price of Ethereum that is going back up. I do not think this is a good time for us to be selling off our coins for so cheap.
It is showing some signs of 'bullish' reversal after a bad day. There is maybe rate cuts in the US that will help the price rebound some more.
https://cointelegraph.com/news/ethereum-rebound-positions-eth-price-100-rally
copper member
Activity: 252
Merit: 4
August 07, 2024, 01:10:19 AM
#27
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?
OP, it's good that you invested in Ethereum. Investing in altcoins is risky, some altcoins in the market don't rise easily when the price goes down, but the price of Ethereum will definitely go up a lot in the future. Ethereum, the most popular and trusted coin among altcoins, is expected to profit well in the upcoming Bitcoin bull run.When the price of Bitcoin rises, the prices of Ethereum and various altcoins start to rise. We may see a bull run soon and the price of ethereum may go up a lot in a bull run. So I would advise you that it would be better for you to hold Ethereum because it is not that the price of Ethereum will not increase in the future, it will definitely increase. So you hold Ethereum, buy more Ethereum if you can afford it.

Lock and load that ETH before we can, that's my opinion too. With money, you are okay to lock, of course. No hard feelings and decisions that would be made because of emotions or your portfolio going a bit red for some time.
sr. member
Activity: 532
Merit: 345
Catalog Websites
August 07, 2024, 01:04:03 AM
#26
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?
OP, it's good that you invested in Ethereum. Investing in altcoins is risky, some altcoins in the market don't rise easily when the price goes down, but the price of Ethereum will definitely go up a lot in the future. Ethereum, the most popular and trusted coin among altcoins, is expected to profit well in the upcoming Bitcoin bull run.When the price of Bitcoin rises, the prices of Ethereum and various altcoins start to rise. We may see a bull run soon and the price of ethereum may go up a lot in a bull run. So I would advise you that it would be better for you to hold Ethereum because it is not that the price of Ethereum will not increase in the future, it will definitely increase. So you hold Ethereum, buy more Ethereum if you can afford it.
copper member
Activity: 252
Merit: 4
August 07, 2024, 12:44:22 AM
#25

Golden words! HODL and stay strong OP! Prizes are waiting only for those resilient enough.

Indeed, good things come in the life of people who wait and demonstrate resilience. Ethereum is not any ordinary alt coin, it is well established and recognized digital currency, won confidence of investor's with its exceptional utility. With $47Billion total value locked on its protocols indicates its strength and trust of inventors. I am confident it will show its real colour in the next anticipated bullish market, therefore it would be wise to hold it and wait for the bull cycle.

It's only a matter of time before we bounce back (in both BTC and Ethereum, in my opinion), we should believe the plan we've got (everybody has his own, I at least believe we do Wink) and stick to it. That way, great results await.
legendary
Activity: 1204
Merit: 1005
August 06, 2024, 09:23:09 PM
#24
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 have a loss of $500 / coin that you have right now, of course it hurts if you have a lot of Ethereum in your wallet.
I also have Ethereum and the amount is not much either when I bought ethereum at $2900, of course it has a loss too, but I am quite confident that later this year or next year it will increase to more than $3000 and may form a new ATH even though it is difficult for Altcoins like Ethereum.

In my opinion, if your Ethereum is idle, it is better for you to be active in the ecosystem to get rewards, especially projects that are being built that will give you compensation or airdrops if your ethereum is used to be active in projects that are being developed, but pay attention to the projects that are being built so that you don't lose your ethereum. DYOR
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
August 06, 2024, 08:20:23 PM
#23

Golden words! HODL and stay strong OP! Prizes are waiting only for those resilient enough.

Indeed, good things come in the life of people who wait and demonstrate resilience. Ethereum is not any ordinary alt coin, it is well established and recognized digital currency, won confidence of investor's with its exceptional utility. With $47Billion total value locked on its protocols indicates its strength and trust of inventors. I am confident it will show its real colour in the next anticipated bullish market, therefore it would be wise to hold it your Ethereum coins and wait for the bull cycle.
legendary
Activity: 3304
Merit: 1617
#1 VIP Crypto Casino
August 06, 2024, 03:27:53 PM
#22
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?

Stop right there, breathe, stop checking the price so often. Go outside & do things you enjoy. Ethereum will absolutely go up, it will soar in price over the next 18 months. Stop being so short term with your thinking though, what we witnessed in the last 36 hrs was merely a bull run correction. We’ve already retraced some of the dump. The price today doesn’t matter, do not sell, we will be at a lot higher price this time next year.
copper member
Activity: 252
Merit: 4
August 06, 2024, 01:52:17 PM
#21
It would be biggest mistake of you end up selling Ethereum now, rather hodl on to it as historic data is proof that Ethereum and Bitcoin have always bounced back from the dip and same thing is gonna happen with Ethereum. If you look at the Ethereum chart this is not the first time it has dropped below $3000 as it has happened numerous times this year and everything it has buckled up.

$3000 is a good entry price hence have patience make the most out of it atleast sell it for 10% profit which is very easily achievable and has been achieved in the past as well.

Golden words! HODL and stay strong OP! Prizes are waiting only for those resilient enough.
hero member
Activity: 1652
Merit: 569
Catalog Websites
August 06, 2024, 01:42:12 PM
#20
It would be biggest mistake of you end up selling Ethereum now, rather hodl on to it as historic data is proof that Ethereum and Bitcoin have always bounced back from the dip and same thing is gonna happen with Ethereum. If you look at the Ethereum chart this is not the first time it has dropped below $3000 as it has happened numerous times this year and everything it has buckled up.

$3000 is a good entry price hence have patience make the most out of it atleast sell it for 10% profit which is very easily achievable and has been achieved in the past as well.
member
Activity: 163
Merit: 25
August 06, 2024, 01:10:34 PM
#19
Right now you should hold on to ETH, because the current market is down right now, selling right now will definitely hurt you. So hold on for some more time, because the market will rebound very soon. Then if you sell after ETH goes to 3.50K, you will profit. So don't sell at a loss right now and wait for some time. Then you can earn more.
hero member
Activity: 3206
Merit: 678
www.Crypto.Games: Multiple coins, multiple games
August 06, 2024, 12:41:23 PM
#18
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?
I feel like it's a smart move to hold it at this moment, everything is down at the moment which means that if we could just hold some more then we would be doing fine. I feel like we are going to go past the 3000 mark very soon, it should not be all that time consuming to recover. We are already doing fine, the bottom happened and it shot right back up again, so we should not really consider this as a bad deal, it's actually a fine deal if you ask me.

I think we are going to end up with a good result one way or another, and because of that I think that we are going to face something much better with time. I know that it is not that easy to handle all of this, but it is also not that complicated neither, we are going to probably do fine, we just need some time. So hold it for now.
legendary
Activity: 1890
Merit: 1537
August 06, 2024, 12:25:43 PM
#17
Did only Ethereum drop, or did the entire market bleed when Bitcoin fell below $50,000? Many factors contributed to this decline. It's worth noting that if you sell at a loss now, whales and companies will buy what you sold. Also, even though you bought ETH at a high price, you're not the only one who has experienced this short-term loss. Ethereum is one of the strongest currencies in the market, and it’s not a project where you should fear losing your money. These are natural fluctuations influenced by Bitcoin's price. However, if you are a long-term investor, there’s no need to worry or panic, as the fate of these established currencies in the market is to recover and rise, even if it takes time. As for me, I have bought the dip and increased my ETH holdings.
hero member
Activity: 630
Merit: 463
Enjoy 500% bonus + 70 FS
August 06, 2024, 12:19:28 PM
#16
You will incur a loss if you sell Ethereum now. Currently the global market and cryptocurrency market are in red but that doesn't mean it will stay in read. A few months back Ethereum was above the $3K mark and if you continue to hold on you will recover your loss. I would not suggest you to sell your Ethereum now.
I don't think it's time to sell Ethereum. Ethereum is one of the most important long-term projects. It's one of the most solid stones in the crypto world. It's the only coin other than Bitcoin that I think of as an investment in the future that I expect to stand strong along with Bitcoin. That's why I don't recommend selling during these declines unless you urgently need money.
hero member
Activity: 3136
Merit: 591
Leading Crypto Sports Betting & Casino Platform
August 06, 2024, 12:14:41 PM
#15
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.
Does it makes sense for you to sell at losses and that's why you're asking and you're in panic? Why didn't you sold when it was $3400 a month ago? I hold few Ethereum and I'm already in profit and that's why I am not in panic and bought it earlier than you but, there was also a point of time when I've held it under its bought price but I have decided to go long with it and that's why even the price plummeted and it was below the bought price of mine, I didn't panic. Clear your mind and set your goals of being long term, don't panic.

Is the price of Ethereum likely to increase?
This is not a financial advice but yes.  Wink
Don't forget about ETH spot ETF.
sr. member
Activity: 476
Merit: 316
Get $2100 deposit bonuses & 60 FS
August 06, 2024, 11:56:59 AM
#14
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 the first time you have seen this type of dip in the crypto market. It is normal to feel this way right now because you are a newbie, but don't be afraid; this is the volatile part of crypto you heard about. Yes, the Ethereum price will likely increase after the heavy dump in the crypto market yesterday. This is not the first time Ethereum has experienced something like this, and it keeps rising back. Don't be tempted to sell your Ethereum at a loss. Ethereum will start rising if the bitcoin price recovers quickly, because coins and tokens depend on bitcoin's performance to increase.
hero member
Activity: 2156
Merit: 803
Top Crypto Casino
August 06, 2024, 07:36:16 AM
#13
OP, it looks likes Ethereum is the reason today why the cryptocurrency market is now in green. Institutional investors used the declining price as an opportunity and bought as much as they can. There was an inflow of $48M though Ethereum ETF which is a good sign. Keep on holding as I wrote earlier here and you will get a good profit from your investment.
Pages:
Jump to: