Bitcoin Forum

Hello,

This would be pure speculation, I know, this is more of a "what would you do?" question.

I bought $2,000 US worth of ETH when it was trading at $240 US. I see some analysts saying that ETH will hover around $320-390 before a crash happens. I am sure it will rebound nicely after this supposed crash but would you sell ETH now while you're still in the green, keep the USD in your wallet and then re-buy when/if ETH falls?

Thanks in advance for any and all replies.

That's what I did at 150$  ;D

I'm still waiting to buy again.

If you want to sell, don't sell all your coins, at least, if it goes up again, you'll still have a bunch with you. Anyway that's what I would do today after I've seen my fail.

That seems a good strategy. I see this rise as a bubble so I speculate that it will drop soon. And it is not wrong to book a profit anyway. You can buy again anytime and wait for another profit.

good trader. im still waiting for it falling down again too. hope we will get lucky. :)

Sell a half and rebuy when it falls and keep in your own wallet a half. YOu will make profit by the end of 2017. Why, There are many projects based on ether blockchain,. What does it mean? They need etherium coin to make their projects succesfull. every projencts will involve thousand people so you can estimate how much profit do you want to make at the end of 2017.

Yes, you never should sell any of your coins all if you invested for long term perspective. I always keep some coins for the long term and some for the short term profits. So when I make some profit then I sell my short term profit coins and again wait for buying at a lower price. Anyway, we all tend to do mistakes and learn from that experience.

i personally prefer to stay as active as possible in the altcoin market or i will stay away if i can't for example i am busy and keep my funds in BTC form.
so if you ask me it is best to sell while you are still in a nice profit and don't wait around, and that goes for all the altcoins. then start looking to find where the next profit is located. then invest in that to make more profit while your previous coin (which now you are out of) stays the same or drops. then at the bottom of it you can go back in but never wait around.

I see you understand in trading but I see now Eth in Bittrex trading for the price is down, is it the same as other trading sites, I have not looked for other trading sites so I do not know it.

Buy the dip. Always buy the dip

I have just a few in case it gets pumped, however, I sell everyone I mine on a daily basis.

I just can't trust a coin that is owned by 1 person in a proportion of 85% since genesis block.

if you want to take big risk juat try to sell your money and buy on the dip. I mean if you are feeling worry about that and just try to short it. The price will get recover asap

You already made a profit, but I don't think is a good time to sell now as the cryptocurrencies are facing a "dump" these days because of the bitcoin price that has been decreased too much. I think that I would hold a little bit even though the price is going lower and lower (in the past 2 days ETH price dropped for $50+) that's a huge loss for you.

Seem to much already, I might just forget ETH this time, keep the ETH left on my wallet and focus more on some token that I can afford. There are just more that worth trading. WAVES I guess won't leave until we get more for our bags to hold.

I am also waiting to reach 150$  based on my speculation it may reach in next 2 months . I sold some of cryptos in last week when price was in peak like bitcoin around 2980 and ether some where around 390$.

It will go back up again, many ico's in the near future.
Selling out now would be a mistake.

Right now it seems to be going back up. But what you said is true. That is what you try to accomplish, but you will rarely do a perfect "sell at top, buy at bottom", because you don't really know when the top nor bottom is. So you might screw up a few times, and actually buy at top and sell at bottom, trying to stop your losses :D

Selling ETH when the price peaked was really a good option looking at the price today,but there were many variables to think other wise,if i had a clue that the market is going to correct itself i would have probably sold some coins and would have planned on re entering later.

i think it is reasonable. drop will continue until 18 june. if you sell all your eths you can take double of it after 3 days.  thats it what i will do. i sold all my eths yesterday. and waiting for june 18.

It seems it starting to recover. Why June 18 is so special?

Thank you everyone for the replies!

After posting this, the next morning (6/15/2017) ETH dropped at one point to $251 USD. But I did not sell any. Seeing how it recovered nicely (338.56 USD at the time of this posting) I think I will wait until it gets back to the $375-390 USD as that seems to be the current resistance level.

I currently have 6.8633 ETH coins. I believe it will reach the ~$370 price again tomorrow (hopefully). At that point I will sell 3 ETH coins to keep in my coinbase wallet, roughly half, and gain back $1,110 of my initial $2,000 buy in.

BTW, earlier this week I purchased the lenovo Y710 cube gaming PC with the AMD RX 480 8GB graphics card so I can start mining ETH coins. Based on rate for this graphics card, I should (in theory) be able to mine .5 ETH each month.

But I am curious, did anyone sell today (6/15/17)?

Good luck to all!

I have sold at ~$370 price before it dropped to $251 and im happy I made the right decision. For now I won't rebuy and I will wait for lower prices to rebuy. It was a nice move that you bought a gaming pc to mine ETH but you might also like to mine other altcoins with potential to grow. That way you will profit more, It is just up to you to choose the coin you will mine and believe in though but still eth mining would be nice if the price range we have now would not go lower.

I always wanted to do the sell high and buy low during the dip. However I realize i am just not fast enough and not very good at predicting when is the bottom. Not to forgot that some of the existing services that exchange coin to flat are extremely unstable. E.g coinbase goes down everytime there's a big price correction of the market.

i am the same. finally I understood that it's better to hold instead of trying to ride, especially if you have no knowledge in trading

Evidently they (Coinbase) are under DDOS if they are down.
You have endless sources on internet how to read from graphs, nobody started as winner, we all had our losses..

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Probably is good to sell it now, because it is pumped nicely and we didn't see any of correction lately. Buy on deep again if you truly believe in its success.

I would book my profit when the price reaches a certain valuation and if you think that the price has a major resistance to over come those valuations it is better to sell off and buy back later because you will get plenty of time to buy back if there is a major resistance.

Why do you think the ETH price will drop lower again?

I think I made a pretty good speculation about ETH hitting ~$370 again today! Right now we're back up to 357.99. I might go ahead and sell a few coins to keep readily available as I do think we are in a bubble and the price will dip below the $240 mark (which is when I first bought in).

But yes I agree that it's so hard to to accomplish a perfect sell high/buy low scenario. I could sell right now and by EOD today it could be closer to $400.

I am glad I found this forum. You guys all seem to know what you're talking about and its nice to bounce ideas and strategies off of everyone.

This is the problem with trying to game the market for short term gains, it only takes one permanent jump in price for you to miss out.

Current dip looks over for now and all cryptos are nice and green.
ETH should hit $500+ before next peak. I'll sell some at that level.

I think you got the right idea mate. Don't sell all in, just it a few portions of your stash and see how the market goes. And buy back again when you think you will profit. I pegged my profit roughly around 30%. I think today is all green so I think it is better to hold still and sell it later at a higher price currently. It looks like the price will still go up in a couple of days.

That's actually what I just did. I sold 3.9 ETH coins at $355 (bought in at $240). With my profit I bought $300 worth of LTC for long term investment. I won't even look at LTC for a long time.

With the rest of my USD I made from selling my ETH I will keep in my wallet and rebuy when it dips below $240. Which supposedly is possibility in the coming weeks.

it is hard to know whether ethereum can hit $240 anymore. Investors keep putting their money into this coin. the only way to stop it is that the HF must be successful so that people will return their money to bitcoin.

Saving your coins in coinbase is the worst decision you could make as they have proving again and again that they are not capable of maintaining their network when there is a sudden surge in traffic and when ever there is a rally in both directions the site goes offline and the amount of loss every user has to bear because of their incompentancy is huge,so avoide online wallets at all cost.The price of all the coins are recovering after the small correction.

Hi Clement,

I am still learning the ins and outs of everything. If I have coins in coinbase where and how would I place them elsewhere?

So you think that ETH will never dip below the $240 price point again?

If ethere will have touched over $500 that means the flippening with be happening and ethereum will take the bitcoin's place. Remember there is up to 6 billion gap on their market capitalization. If the ethereum gets another pump and it will increase the market cap and take the bitcoin's place.

There is more to taking over bitcoins place than just marketcap. As long as exchanges primarily trade altcoins in terms of bitcoin then eth and all others will always be dependent on it. When eth to fiat volume overtakes that of bitcoin will be the day we can truly say its taken its place.

I think you should hold for a while also and wait for it to grow higher . I see eth as one of those high leading coin in the market i believe also that eth would increase more its value than expected. Theres no doubt about it i think.

Currently seems to be going back up. It takes enough time to recover your state will rarely do a perfect "sell buy up and buy below", because we never know when the top or bottom. And we've made a mistake

Unfortunately, I have no knowledge in trading but after reading this thread, the brainstorming of everyone, I got some ideas in trading.
This would be very helpful as a beginner. You all guys seems a good trader.  :o

ETH sell now then re-buy later, many users do that especially to the traders because they earn income by doing that. Also not only ETH it was possible to all altcoins that included to the trading sites.

My strategy is to buy after a major ICO, and sell right before a major ICO.

I hope people have bought ETH when the price was down. Because right now the price has rebounded and its hard to buy bow. But if you have bought already then I think must better to hold for now. Looks like ETH can really soar this year and may possibly over take bitcoin market. Hold and then sell later if you think you have profit huge.

Actually It's difficult to make a decision of selling now and buying later because you can't estimate whether it will go up more or crash.

I'd rather keep my Ethereum than selling it and re-buying it again. It's value now is kinda high for you to wait and re-buy them again, I don't know but maybe it's just me.

i do not think that we need to sell Etherium right now. the best decision will be to hold it for some more time because d not expect that the price of Etherium will comedown any more. because there are more expectation after bitcoin to increasing more and therefore people are also trading Etherium.

Selling now and re-buy later only applies to day traders. They do not expect anything about the investment as long as they will receive profit at the end of the day. If you want to invest, hold it as long as you want, then sell it when you need cash.

I dont really understand your strategy how major ICO can change ethereum value even why do i need to sell before major ICO. In some case both happens like one major ICO finished and another ICO started immediately???

The word you said it in this thread sell it when you need cash thats what we expect from all source of income .But OP mentioned only for long time investor not for day traders they cant sell immediately and buy again same day.

its very risky actually, eth could pump to 500-600 and find new floor and youre fucked.

crypto is crazy, my advice, hodl longterm, eth is and will be for some time amazing, ignore the fud, buterin is a genius

I think right time to buy ethereum because this coin have big potential to be next bitcoin in my opinion only.  Many people as of now buy ethereum so the price is continue to increase maybe the price of ethereum before the end this of this year will hit 1000 dollars each.

It really depends on how active you are able to be in the markets.
It's often that people sell hoping it will go lower but it suddenly pumps and they are either forced to wait and HOPE it goes down or end up buying at a higher price and have a lower position than their initial one. It's tricky because of the heavy manipulation in this space and both come with risks. If you set alerts or limits and are able to check frequently, then it MAY pay off.

Since there are already too many topics about ETH, it makes no sense to open new one, so I will put my question here.

What do you think - could you calculate and elaborate - the extent of influence of major ICO to the price of ETH.

Of course that many factors influence the price of coins, (other news and announcements, whales pumpo and dump etc), but since there are many projects that at ICOs collect only ETH - could we set some percantage as approximation?

For example, such large ICO as BANCOR,

(has set a new record by raising about $153 million in ether)


in my opinion, raised the price of ETH some 3 -10 % during the last days of that ICO, let say 10-30 USD.

Some smaller ICO, I believe, could not influence the price more than 1-2 %.. perhaps $100 million of raised ether in ICO is 6-7 % price pump on those days.


Another question - since I am new here I have not followed that -  if ICO lasts longer time, let take one month as example, when is the demand for ETHs the strongest - perhpas at the end of ICO period?

If really has a good potential to got a good price at the end of the year. As you have said, people are predicting that it can be the next bitcoin and become the no. 1 currency. But for me, the price is too steep to buy. I might just wait till it drop a few before I jump in.

Yes you are right investing in any kind of coin is now very profitable and a source of increment for sure. As you never should send any of your coins all if you invest in it for long time respectively. Keeping some coins for some long term and some for short term for profit. So if one Make some profit  then should sell the coins kept for short time again can wait or can buy at low price. And can keep it for future purpose. We all do some mistakes and learn from it and it would be a great opportunity to get used to buy and sell coins to get profits.

Looks like OP was spot on about ETH, I wonder if the current prices are the low or if it indeed will crash below $300. I'm thinking of taking advantage of the dip but I don't want to buy in too early.

Ethereum market is very volatile these days and it's extremely risky to make this sort of trades in ethereum. You better buy and hold or sell and exit.

I think it is better to buy when the price drops and hold for the long term.

I had 2.99ETH on Bittrex. Sold 2 for BTC to stop losses, but re-bought one by 95% the price that I sold. I was thinking it would stop there, but is still falling.

I also sold the remaining 0.99ETH for LTC, got some 8LTC I think. But LTC is also falling (in relation to BTC), did I have a good choice? Or should I have sold all for BTC?

Now I'm with 1ETH in the exchange. Can't sell all, this would legitimize the damage.

There's also nearly 3ETH in three different wallets. Should I sell them?

There's a lot of things being developed for ETH, big companies have put money on it. I don't think this is the end.

good time to buy eth ???

I think it is better to keep the ETH for the long term.

I suggest to hold for long term , but in the next time , you could choose a better point to buy in  .

I think the price now is quite a good one to buy into.

Buying right now is a no brainer, the FUD is at its maximum.

Tomorrow 142,15$  . It is very restless at the moment  . the countdown begins
i have sell für 229 today . No Risk no Fun

I'm looking at charts for Ether for week, month, 3 month, etc.  While you could argue it has started it's ascent into an upchannel, there doesn't appear to be clear direction for Eth at present.  It's hovering at the top of the channel if you include points from Late June and the last couple weeks.  But this isn't decisive.  It could easily break lower.  We need a decisive push and hold above current levels to confirm an upswing, I think.

I don't see Eth as a valid buy right now. I'm holding some, but not enough to move the needle if it rockets higher.  If it rises and holds above 250 I will get interested again.  For now, I'm only seeing downside - great for day traders, I expect, not good for buy and hold yet, until a direction is confirmed.

I think it is better to wait for a few more days.

I think it is really bad decision to sell ETH now because already Bitcoin price is increasing so there is a big chance that the price of ETH will increase. I think if you can hold for another 1 or 2 months definitely the price of ETH will start increasing.

Right now is a great price to buy! :P

The price has fallen 5% against bitcoin and that keeps going up. I just got out.

Now is a good time to sell.  :P

I think it could be good time to buy the ETH now. The bitcoin has risen too much.