Should I hold Ethereum or sell it? - page 4.

peter0425

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Quote from: BTC_pokaop on August 06, 2024, 02:57:21 AM

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.

If you sell it now you did nothing but lose some money. I would not personally advise for you to do that.

Quote

Is the price of Ethereum likely to increase?

Even bitcoin is going down so ethereum's price is a little related to the performance of bitcoin. Once bitcoin goes up again, and it will, I am sure that ethereum will follow soon after. It has etf now so there are more people that can invest in it and hike the price up. Just have a little faith and patience.

KillerEyez

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Historically, Ethereum has shown resilience and potential for recovery over the long term.

SatoPrincess

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You bought Ethereum at the top but don’t panic because the market will recover and may even pass the 3k resistance. Ethereum is a good coin to hold for long term. After Bitcoin, Ethereum is the next big coin in the crypto market. Looking at the tech side of Ethereum (it’s influence in smart contracts, Defi e.t.c.) the future of the Ethereum looks very promising. The price may be down now but I encourage you to hodl your coins and even buy the dip at a good price. As always, do your own research.

Aanuoluwatofunmi

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Quote from: BTC_pokaop on August 06, 2024, 02:57:21 AM

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 will definitely increases, but before then you may have to exercise more patience while holding for the market to pump more higher than before, ethereum was not the only affected coin this time if you consider the y the entire crypto markets plummets as at yesterday before things began to show positive indications for rising up back again earlier today, if you can hold on more, you will realized to the extent of getting your investment back and the profit on it.

Sayeds56

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Quote from: pakhitheboss on August 06, 2024, 03:00:34 AM

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.

You are correct it is not prudent decision to sell Ethereum or any other such precious coin in the current market. This market has just begun to recover after a major crash and hopefully it will continue recovering in the coming days and weeks. The negative news of interest rates increase in Japan has already been absorbed but market might take few week to reach to the previous level. I am very bullish on Ethereum, specially since its its ETF has been approved in USA, its positive impact on Ethereum's price is yet to be seen. DYOR

betswift

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Quote from: asriloni on August 06, 2024, 04:16:11 AM

Quote from: BTC_pokaop on August 06, 2024, 02:57:21 AM

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?

It's not likely the price of Ethereum is going back to 3k in a short time. I consider how bad the situation is in the macroeconomics of many countries. It's likely another dump is going to happen soon. Though Ethereum is now recovering, I'm doubting it now. The pattern is not even showing retracement.

This can be even worse than you think, and the better if you're always keeping your eyes on the flow of ethereum ETF. I'm feeling very pessimistic about the current state of crypto. I'm thinking we're moving back to the bottom soon.

Retail investors are scared to enter the market. Various countries are hitting their lows, too.

Ethereum has a positive net inflow today. But it may not last. It could drop again if the war happens. Always be careful and stay safe.

Agreed! There are lots of factors to consider and the situation will change in the near future, in my opinion. When the news hits the market, we already see their influence on it, it's not like they will continue to influence it for half a year or two or that we can use them to our own benefit (only those who know the news first - can, and we probably won't be those people).

asriloni

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Quote from: BTC_pokaop on August 06, 2024, 02:57:21 AM

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?

It's not likely the price of Ethereum is going back to 3k in a short time. I consider how bad the situation is in the macroeconomics of many countries. It's likely another dump is going to happen soon. Though Ethereum is now recovering, I'm doubting it now. The pattern is not even showing retracement.

This can be even worse than you think, and the better if you're always keeping your eyes on the flow of ethereum ETF. I'm feeling very pessimistic about the current state of crypto. I'm thinking we're moving back to the bottom soon.

Retail investors are scared to enter the market. Various countries are hitting their lows, too.

Ethereum has a positive net inflow today. But it may not last. It could drop again if the war happens. Always be careful and stay safe.

Plaguedeath

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Who cares with your holding.

If users in this forum ask you sell your coins, you will not be happy with your decision and might likely not want to sell it even there are more people say sell than hold.

If users in this forum ask you to hold and sell after the price reach $5K, you will not share your profit to other users.

Charles-Tim

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If you have more money to buy, I will advice you to buy more. But I will recommend you to buy bitcoin instead. Maybe I am totally right but I do not see the point of buying ether when its price is now very similar to bitcoin but in a way that if the market is not good, ether will decrease more than bitcoin.

Assuming you bought it at $3000 with $50. Now the price is at $2500. If you buy another $50 worth of it, you will start making money at $2750. If you bought it with huge amount of money already, just wait and let its price get to over $3000 again. If you use small amount of money and planing to buy more before, it is better. You can read about DCA.

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Quote from: BTC_pokaop on August 06, 2024, 02:57:21 AM

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?

Well everyone one is out for profit and just like pakhitheboss mentioned, if you sell those coins now you would simply be in a loss of over 18%. Almost every crypto investor now is simply holding on to their coins especially the popular and most adopted ones which include Bitcoin and Ethereum. This is because they are all of the opinion that this current crypto dip is just for a while and will most likely subside sooner.

If you are patient enough to HODL till you are eventually back in profit (which should be the better option) then HODL on to those coins. However if you feel a loss of over 18% to you would be insignificant then you can proceed to selling off your coins. (In the end you would likely wish you hadn't sold them )

pakhitheboss

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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.

BTC_pokaop

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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?

Topic: Should I hold Ethereum or sell it? - page 4. (Read 716 times)