Bitcoin Forum

Hello,
I read the following news:
https://coinmarketcap.com/community/articles/654d4f5e51dc7d34b7d45ea2/
 (https://coinmarketcap.com/community/articles/654d4f5e51dc7d34b7d45ea2/)
Is now the right time to buy Ethereum?

Thank you.

Everyday we see these questions of “is now the right time”. Do you plan to do daily trading? Because if you want to hodl Ethereum for a long time, this question wouldn’t be valid. Look at a couple of years ago, everyone that kept on asking if it was the right time have gotten their answer. If you don’t invest when you can and keep asking when to invest, you’ll miss out. Invest the amount you won’t be worried about, you can add little by little and hodl for long terms.

I don't do altcoins, but ethereum seem to be a promising coin and the question " do I buy now" has been the regret of so many investors after so many months of still contemplating, there is never a wrong time to buy and accumulate coin that are promising, the fact that you are still holding back show you are ready yet for you investment journey especially when you are holding for long term. The highest price you see now might be the least you experience in the next 6 months so buying now is the best answer to your question, even at the bull run buying and accumulating more will never make you regret as long as you give your investment some time arrive at its destination.

It was when it's around $900-$1000 last year. But if you're longing to ETH then it sure is the right time to buy it. Consider how long you are going to hold on it. If that's going to be until 2025 then there is a bigger chance that the price might be higher from the current. I am not giving that guarantee and it is not a financial advice. You invest based on what you think about Ethereum but it's known that it's the 2nd top choice of the majority of the investors and with the news about BlackRock applying for an Ethereum ETF, so the chances are there.

Now that Ethereum is rising and can be $2500 within this November as what i read somewhere, many of those who snubbed ETH can be asking this same question. The answer is a big YES but it would have been better if you inquired on that  month ago but don't despair since this is still open for you...who knows by 2024 ETH can go beyond its last ATH which was $4,878.26 that happened on Nov 10, 2021. See...the opportunity is right now smiling all upon us that BlackRock has already filed ETH for Ethereum. But then again, crypto means high rewards and high risks so be careful in navigating the water so you won't drowned.

I disagree, Ethereum is better than shitcoins but is it really that profitable for long-term investment? No.

Ethereum failed to rise even when bitcoin and other altcoins surged also the switch from PoW to PoS made them to be less decentralized and also they consider increasing the staking amount from 32 to 2048 ETH which shows that how much they want to become centralized which is against the adoption of cryptocurrency and if Ethereum goes in that way then surely it will fail in long term.

Hello,
Thank you so much for all replies.
I asked it because of the following article:

https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-longs-are-closed-as-macd-offers-sell-signal-202311081900 (https://www.fxstreet.com/cryptocurrencies/news/top-3-price-prediction-bitcoin-ethereum-ripple-btc-longs-are-closed-as-macd-offers-sell-signal-202311081900)

I am afraid to buy and its price will drop to $1800. What is your opinion?

There are really many factors to consider before deciding, and there are also many factors that can influence its course in the market. I know the feeling when attention is given to a coin that we are interested in, and we closely monitor it, especially when significant growth is being discussed. However, let's not forget that it is still volatile, and it can fluctuate in no time. If you are going to decide, it should be based on your own research and how you assess it, not because of someone else's prediction, as that is just their analysis or opinion about the current trend.

In my personal view, I also consider ETH for the long term. Aside from being the second-largest cryptocurrency by market capitalization and having a strong network of developers and users, it is also the platform of choice for DApps in traditional industries such as finance and gaming, which is why I see its potential. There's also a major upgrade called Merge that could further increase adoption and prices. However, the risk of potential setbacks remains, such as a major crash due to the competition it faces from Solana and Polkadot.

Hello,
Thank you so much for you reply.
Can you tell me some of these factors? Do things like the number of buyers and sellers and Volume (24h) matter?

I'd go straight to the point for you. The right time to buy any coin is not when is getting its hype. Rather, is best to get a token when is still neutral.

This means you want to FOMO and when you do that, you might end up buying the high and you will be the person getting liquidated in the long run.

Well for me, what I did when I saw this news was to set eth to the price range I will be selling it at with my dual investment because I know there will be much volatility

Do not forget that the OP was talking about Ethereum so it isn’t me asking him to buy. However, personally, I will hodl Ethereum. Idk your opinion but I see and respect it’s consistency. I know some altcoins do a lot more gains and I’m not saying that I won’t invest in other alts, but I’ll definitely include Ethereum. What you’re saying isn’t terrible that holding Ethereum becomes useless. After all, it wasn’t always at this current price. I remember when it was way less.

I think I provided valid points and still stand by them, the switch from PoW to PoS and increasing the staking amount doesn't look good for the future of Ethereum itself so we never know how the future of Ethereum will turn out to be, and why we can't compare the Ethereum with Bitcoin and other coin is because there are a lot of competitors for Ethereum whereas for bitcoin there is none and there will never be so personally I feel the future of Ethereum is uncertain but investing always comes with risk so its everyone's choice to decide what they choose to invest.

This is the classic example of a FOMO. I mean if the OP is really a investor then it doesn't matter if there is news about BlackRock intention for a Ethereum Spot ETF. However, when he hears the news then immediately he wants to join the bandwagon by starting to ask for financial advise here. The best thing to do, with or without this news is to simply accumulate if you think that Ethereum will continue to rise in the future.

All things pointing out to a imminent bull run in 2024-2025. Block halving will start around April and that is the catalyst for a massive bull run. So just think of Ethereum as a solid coin that will give you a huge profit in the future. So yeah why not just buy it and hold for long term?

If the BlackRock application is approved, then good, if not then you can still make some profits by HODLing.

It depends on your strategy. If you are looking for some quick profit then i think you are late and there can be a correction in the market because there isn't any strong reason for this rally. This is just a hyped-out rally by the market due to blackrock ETF news. But if you are a long term holder and targeting the next bull run then i can say you are later here too but there is still time. ETH was below 1600$ for a long time and I think ETH below 1600$ is a good deal. I brought few ETH below that level and wanted another possible correction to buy more on the line.

The price is high already and if you want to invest then you can wait from some price correction or you can take the risk of buying it now and hold until its next peak. I understand that there’s a lot of FOMO already in the market as the price continues to pump but still I suggest not to rush on buying and instead look for a perfect timing to buy and sell, have your strategy ready always.

Ethereum is my most trusted Altcoin but at this moment if one wants to invest in Ethereum only because BlackRock has filed for Ethereum then you are a short term investor and I would say this is not a right time for short term investors because it would be foolish move to invest based on a event wherein outcome is not clear yet, if you a long term investor then anytime is a good time to invest and one can do it during correction phase to make most out of it, short term traders should wait for a market correction to buy at dip as we have seen surge in price of all the crypto coins since the month of October hence this won't be an appropriate time to buy. It's my suggestion based on my experience and I would suggest you to do your own research and don't take any suggestions here as financial advice because we could be wrong.

That is possible that it can still drop. Just because there is another application from Blackrock doesn't mean that it's not going to fall a bit. Remember that whenever we see some skyrocket, what's next? The dumping scene and that's very likely after all of these moments that we've seen on the market.

The dump is about to come or more likely that it's going to be a correction. So before you buy, make sure that you're already decided and DCA as well. Buy with a few for now if you think that $2k is quite high for its price and just be ready when it dumps or it pumps.

As long as you've got some budget ready to purchase, that's what you should think of. If you're discouraged then just watch it grow or correct.

I think its a good entry still as any token keeps pumping especially the alts but not sure if those movement arent pump and dump cause there are different tokens pump daily as I can see on Binance hot coins probably gets trigger by the bitcoin massive pump but dont get too excited cause we are still early to say its on a bull run phase.

Hello,
Thank you so much for your reply.
Do you think the price will be adjusted in the next few days? Does it mean that the price will decrease? I don't want to make a decision based on your opinion and I just want to know your personal opinion.

Hello,
Thank you so much for your reply.
Isn't BlackRock application approved yet?

Hello,
Thank you so much for your reply.
Do you think it's just pump and dump?

Actually, Ethereum will reach 10k with time. So far Bitcoin is still out there and keep getting stronger. I don't even stress my self that much again. I just pair the two with Bitget smart portfolio to balance them while holding some in my non custodial wallet. So,the best time to buy some Ethereum is now because I don't see any reason for a big correction to come unless there is another china FUD on Bitcoin which will definitely affect all cryptocurrencies.

It's definitely not the worst time to buy ETH. Even without ETF it's a good option. But don't trust anyone immediately, do your research, and look at its price history.

I think that if you want to invest in eth for a few years or even five years, then probably buying now will bring you a profit in the future. But if you are thinking about the upcoming bull market after halving, then maybe it's better to invest in another coin? Because ethereum has a very large capitalisation and 10k is x5 of the current price.

Hello,
Thank you so much for your reply.
In your opinion, will the price of Ethereum return to $2000 in the next few days?

Ethereum is not failing any soon. I mean they control the market from contract perspective down to NFT and the rest. The coin is too flexible that quiet a large number of things can be done on the network and this is the reason the coin will be alive for so many years or decades in addition that it is the second most dominant coin in the cryptocurrency industry.

The BlackRock sudden switch to Ethereum is a good news for the coin. I don't know why BlackRock isn't much interested in bitcoin even when SEC has shown a green light to a certain extent or is there something else going on in background?

- The news just have a temporary effect. I am wondering why until now when have this news, you are interested in buying Ethereum? I suppose that basing on news to buy or sell jus should only be short-term, shouldn't basing on it to make a long-term decision. It may be a big new for Ethereum but I think it will be a long time coming, certainly not before the Bitcoin ETF, the news comes out just to legitimize the price line.
- In my opinion, a reasonable long-term holding price for ETH is below $2000. If there's an upcoming correction and the price drops below 2000, I think it's a good opportunity to buy. It's better not to wait or depend solely on news for your buying decisions.

You are absolutely right in emphasizing the efficiency of long term investment approach and potential profitability to yield in cryptocurrencies market. Almost 15 years historical track record of cryptocurrencies also vindicates the success of long term investment strategy. Ethereum, positioned as the second leading currency with versatile applications, ranging from creating smart contracts to serving as a platform for digital arts. This  makes Ethereum an attractive investment choice for gaining good expected profit in anticipated bull run of year 2024.

Some of the most common goals are speed, privacy, and price. Public opinion also works in terms of assessing a coin or token. So, for ETH itself, it's safe whether you've logged in before you submitted your post or not at all.

So, when don't you enter (buy) if there is definite news that Vitalik is no longer there, don't fall for fake news like in the spring of 2017 which said that the founder died then caused the price of ETH to plummet (at that time) then Vitalik denied the rumors as a result prices recovered.

For now you are welcome to come in and buyETH.

I can't agree less with what you said, asking if it's the right time will keep boxing us from taking the bold step of investing in a coin that we've obviously seen it's prospect of being profitable. If someone is looking to hold a coin for a long term, then it'll be easier to make the decision of investing in the it, because clearly the investor is not in a hurry to sale. It's just to hold and wait for a perfect bull run, to cash in.

I think that Ethereum, is a great altcoin to invest in, any altcoin that can not be placed in the shitcoin category, is good to hold.

Hello,
Thank you so much for all replies.
What is your opinion about the following articles:

1- https://u.today/ethereum-eth-bullish-whales-coming-back-with-enormous-longs (https://u.today/ethereum-eth-bullish-whales-coming-back-with-enormous-longs)

2- https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-dilemma-or-buy-signal-before-60-rally-202311191239 (https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-dilemma-or-buy-signal-before-60-rally-202311191239)

Will the price reach $2,943 or at least above $2,500?

I don't think these prices are that big considering the bull market stage right now. So probably 2500 is only 25% of the current price. Some altcoins have gone up more than 100%. So if btc continues to rise, eth will also rise.

Certainly, while professional traders engage in trading activities on daily basis as they have expertise to handle market volatility. But for an average participant in the cryptocurrencies market It is not advisable to trade on daily basis, it can be hectic and stressful due to fear of loss. As you suggested, the best strategy to accumulate good coins like Bitcoin, Ethereum and other top 10 crypto currencies on regular basis and hold them for long term to harvest substantial profit in bull market.

Hello,
Thank you so much for your reply.
I bought Ethereum for $2,030 and I want to sell it for $2,080. Do you think I should not do this?

I can understand why many people are starting to come back to learn more about ETH. My guess is that in the upcoming period, ETH will also have many strong fluctuations with ETF news. At this stage, everything still depends on the trend of bitcoin. If bitcoin goes into a specific uptrend, I think altcoins, including ETH, will also receive a suitable price increase.
And for me, investing in ETH also has potential profits/risks because investing requires careful preparation for many other things, not just the time to start buying. Looking at the long term, I think ETH will always be one of the options that many people prefer because its popularity, second only to bitcoin.

Even without the above rumors, ETH can be purchased. For me there is nothing to worry about with ETH because ETH is the king of Altcoins unless there is an unavoidable problem, for example Vitalik has died and that makes the price shake temporarily or ETH will give rise to speculation like FTX did. but there's no way Vitalik's class would do such a silly thing for his ETH.

Given the strong practical use case of Ethereum, the current price of Ethereum around $2000 seems much lower than its perceived potential. When we look at the historical pattern of price relationship between Bitcoin and Ethereum, which has traditionally hovered around a ratio of 1: 0.08, (it means we need 0.08 BTC to purchase one complete Ethereum) the current ratio stands at 0.07 Bitcoin per Ethereum. this suggests that Ethereum can potentially surge to $3000. This suggests that Ethereum might go up and reach $3000.

This is my viewpoint, but I could be wrong, therefore conduct your own research prior to making investment decision.

Well this is one of the questions in the forum that has no answer and all the previous answered are irrelevant so this the same question always repeat itself. And we have answered this question time without number. Even daily trading, this guys will still ask it it is time to trade. Not even Ethereum if the person understand what cryptocurrency and prepare to invest in it then there should no big deal on this. Ethereum started from $0.00. like bitcoin but today Ethereum price is rating $20300+K and it is still going up so if you buy and invest now it will be a benefit to you in the nearest future.

Op one thing we have to k ow in the business is that there is no amount of money you put into an investment that you won't worry for it. so I don't like that statement at all.

also many people prefer ETH because aside the fact that it is second only to bitcoin, I think it also being highly utilized for deploying token for many projects, they choose ethereum for reason because the ecosystem is mature and liquidity is many.
therefore I believe that ethereum will have bright future even without ETF, but ETF news will only make it better honestly, i will accumulate more and more ethereum because i'm quite faithful with its use case, and I'm sure in the future we will found many more use cases for ethereum since the blockchain which is revolves around smart contract truly revolutionary.
I guess i could understand when people are willing to bag until hundred if not thousands of ethereum.

Of course, the price of Ethereum will still fall below $1,800. Prices on the cryptocurrency market always fluctuate greatly, especially on the eve of a good rise. Therefore, our success in trading largely depends on our patience. But it’s worth considering that the Bitcoin halving is already approaching, and knowledgeable people advise purchasing a potential cryptocurrency about six months before the halving. At the same time, there cannot be only one correct advice. The cryptocurrency market is very volatile and unpredictable.

I think he asked for advice for the short or medium term, because every day someone will ask that, I think most people prefer scalping and selling in a short time then buying back at a low price.even though they can get bigger profits in the long term.

I don’t think he asked for short term because he didn’t specify and it’s usual to think of long term when there’s no specifications on the timeframe. Anyways, if it’s short term, then I hope the OP Understands that it’s not like long term where one doesn’t need any experience but just funds and information. With short term crypto investment, you need to learn the skills. For example you mentioned scalping and selling, it’s not just a button to click, one has to proper understand what to do and when to do it. In all, I think long term is better, but if you have the skill, short term scalping isn’t bad after all.

One major thing to do is completely focus on the system to generate good profits which everyone looks up to. We're into the space together, and winning becomes everyone priorities and helping one another doesn't really count, what matters is the big bag that ought to be generated within the circulated time, though its not going to be easy run. Trading deals with specified position doesn't call for alarm Scalping and short term trading doesn't require much attention because it deals with small range of time unlike for the long term trading, these traders are always aiming for good results.

In another way of thinking, I think that the process of chart legalization, when the market needs different adjustments, similarly altcoins will also receive support from many different sides.
ETH brings confidence in medium and long-term investments, so people often compare it to bitcoin, but I think we should just stop at the king of altcoins. With today's crypto developments, the changes ETH has made in recent years have been positive, at least always making investors feel secure that the price will soon recover and surpass ATH.
I think there will be more information about ETFs in the near future, this is also a way for many whales who like to manipulate this market to take advantage.

Ethereum is not something we need to agitate about because this is a strong token and we can make more profits from it when we finally enter the bull market. A lots of good altcoins like Ethereum will emerge at the top leaving the less strong projects especially the new ones at the deep of the marketing.

 I don't care much about the news or whatsoever group of influencers keep telling us and what we need to do. we need to keep taking concrete decisions and be responsible for everything we do not listening to influencers or people we think they are more better than us and after everything they will keep some dollars in there pockets.