Bitcoin Forum

A few weeks ago, one of my friends is buying ETH from me via P2P at his house. Our transaction was completed as usual. However, days later it’s where ETH had skyrocketed from $2k to $3k+, and I had nothing but regrets. If I didn’t sell my ETH back then, I could have gained some more lol.

Last night, he reached out to me again to buy ETH for his second Axie team, but this time I said no.

Because of Ethereum London hard fork, I am so bullish about it and I feel that it may go even further before the end of this year. So I am holding my dear ETH as it is my major holdings. This is just my feeling, so I ain’t gonna sell my ETH until further notice.

However, I did advice him to try Binance P2P or other trusted and reputable P2P providers out there.

Did you just sell your ETH at $2K because he's your friend or you really had a plan to trade on exchanges?

Why not offer your services instead? You could buy for him and charge a small fee untill he learns how to buy directly without using P2P.

It is what it is, and it has happened to all of us at least one time or the other, if you really had a need to attend to with the money, then there is no need to regret, we'll all sell a fraction of our stash one time or the other, and there is a possibility of the coin appreciating higher that the price it was when we sold, thus there is no reason to feel bad or regret actually.
I somewhat believe in the eth network, it's more like the only altcoin I believe is actually sustainable for the long period, if you intend to hold your eth for longer, then it's great, goodluck with that.

Binance p2p is trustworthy i have use it several times to buy and sell crypto without any hustle, your friend was lucky enough you sold eth to him at the time when the price is a little less, i believe that moving forward eth price will be much higher, probably by year end eth will be 5k or higher, my only annoyance with eth is the continuous high transaction fees, it is getting higher too quickly, i hope something can still be done to fix the situation.

If a lot of people starts going down memory lane on the coins they have sold which later turned out great, hundreds of pages will be filled and it won't still be enough to contain the regrets, thus once you sell a coin or exit a trade, you just have to move on or wait for another entry to buy back, that is if you really believe in the coin.
Therefore I believe you had a reason to sell then, which I think doesn't call for regrets, thus if your friend is not really knowledgeable when it comes to dealing with other people, you can still help him out to avert him making unnecessary mistakes, even the Binance P2P, you can also teach him how to buy and sell. Also, you don't necessarily have to sell your coin to satisfy your friend, but you can help him get it done.

In crypto trade, you win when someone other lose. Somehow similar to gambling but a way different.

Either you sold your Eth just because he is your friend or in exchanges, the result will be the same and you will feel loss. I imagine, if the Eth price dropped after you sold to your friend what would be your attitude?
Even it was a little bit bad for you, think about your friend who succeeded in his first investment and may thank you for the rest of his life.  ;D

I thought there's something to the Axie Infinity that you won't want it or something. It made me confused about the title, but I guess it's just because of ETH. That's always bound to happen. Imagine people when BTC reached $60K? Those who sold at $20k etc.

Anyway, at least now you know you want to HODL more on ETH. Any particular aspect of the London hard fork that you think is making you so bullish?

If you bought that ETH at a lower price than the selling price then I think there is nothing to be regret. If you bought at the dumping moment and sell now, then already you are in profit.
You never knew it would come to 3k soon, It could be that the price has fallen again. Excessive greed is not good.

Why man? Don't be selfish, How would you claim that both of you are friends while you want to make profit along?
Better you could buy for him from other sellers, or teach him how to buy by using an exchange.

I agree! at first, I thought he was going to say negative things about Axie Infinity, that is why he doesn't allow his friend to buy it, well sometimes the title says it all, but in his part, he didn't spill the bean on his title, I think there are many in the forum that is playing or has invested in Axie Infinity even though I didn't see any forum and post about it here, I thought you will be discussing something about the recent Issue here in the Philippines about getting Axie players and managers to pay their taxes, and I am one of the players but I don't invest in it.

Well, speaking of ETH, if you had an ETH one of the established coins in the cryptomarket, and your feeling bullish about it then Hodl and don't sell, if your friend wants to buy ETH let him trade into exchange sites.

That happens sometimes, when you have sold your coin it will start the pump. Now your decision is good to hold Ethereum. I am also holding it and expecting for good profit.
You should teach your friend to buy and sell on P2P. I think Binance's P2P is the best.

There are many exchanges where he can buy Ethereum.

I thought the reason that you'll be saying is about the outrageous fees that can be seen later. But we're the same in the belief that Ethereum might pump again and more than the last ATH.

That's why I'm also holding ETH and if I'll build my new teams in Axie Infinity, I'll use cash for it.

Well, it's your right to decide if you are going to sell or hold for a longer time yet. There are many good places to acquire some ETH that I think your friend won't bother in finding another way to buy it.
For now I also think it's a good idea to keep holding, because we are close to the end of the year and historically talking it's a good season for crypto market. Axies are really expensive and investors may end regretting about exchaging their coins for an axie right now, if the market keeps pumping. Anyway if I had some extra money I wouldn't bother in putting it into Axie Infinity to guarantee another source of crypto income, but it's just my 2 cents.

That’s ok, there’s a lot of place to Buy ETH and its good that your friends still consider asking you before buying in the market directly. Yes, the fork effect will start to begin and we might see a more expensive ETH so its good if you hold a good amount of ETH but if you already happy with the profit, that’s ok as well. I’m holding ETH as well, waiting for its new all time high soon. :)

Investing on Axie is also a good decision, and of course holding on to your ETH can be a more profitable one in the future so I will also suggest to your friend to go for Binance P2P and buy the token he needed anytime he wants. If he is having trouble on making account on Binance, I’m sure there’s another way for this. The fees still high though with ETH, the fork didn’t help that much but hopefully on the up coming updates with ETH, the fees will become more affordable.

^ That is okay at least had helped your friend, we never know the situation either it will be up or down. But if I were you, I will introduce a p2p exchange where your friend can purchase an ETH safe. Investing is a good decision and sometimes holding is kinda different upon investing in a potential project like Axie infinity which most investors getting quickly rich especially those early people who adopted and playing axie games.

And now ETH is getting good value back I think that's good advice because you can hold your eth at this time, but why don't you use Binance P2P to get your eth back after you make a profit selling ETH to your friends and it's the same make it easy for your friend to exchange the AXIE token that he is currently running.

Aside from that, there are many options now how to get a hold of ETH. Almost all exchanges, whether big or small has ETH in their trading platform. So getting eth is not a problem these days. So his friend can easily buy ETH in any of these platforms, even the binance p2p is a very good one if he is using local fiat to purchase. Right now, we are not confined to limited options especially with ETH, the second largest crypto after bitcoin.

I’d rather but ETH on the market which is more safe than to anyone else, so if you’re friend still unfamiliar with crypto and yet planning to buy axie, that is too risky for him hopefully you still guide them and tell all the possible risk on investing in crypto. Anyway, ETH since then is a good altcoin to hold there’s no doubt about this one.

I thought it's going to be about axie infinity game and why we shouldn't spend money on it, anyways, speaking of selling your ETH at two thousand use, that was obviously a bad idea if you didn't need that money, and now you regret it, but who knows maybe this will teach you not to sell and white for a spike and you could make a bigger profit, we live and learn.

Okay I've bought ETH when it's still under $200 somewhere around early of 2020. This is why I'm enjoying the gains. I didn't say that I've sold all of my ETH, I just sell only worth almost $2k worth of ETH to my friend in a P2P transaction at his house when it's price is consolidating somewhere between $1,900 to $2,000 range that time, and the rest I kept it which is still a good amount to HODL right now.

But ETH didn't go down either after he bought it from me because he immediately bought Axies of his choice (with a guidance from his "mentor" on their private group chat). I did guided him in using the bridge from Metamask to Ronin Wallet. He's just a friend, but we're not close.

It's hard for me to sell ETH to him again because I am so bullish on this cryptocurrency (since I still have enough money in my bank, mobile wallets and other cryptos), and I could miss that big potential pump later on like what happened last time that ETH suddenly pumped hard days after selling my $2k worth of ETH to him.

I wish I could have converted my other extra cryptos to ETH that I don't need to hold long term during that time he wants to buy rather than the current balance I have back then. Oh well....

Indeed, now is not the time to sell your ethereum. After the upgrade, this coin should go up a lot in value. Therefore, I also now try to keep these coins with me. According to forecasts of ethereum, after the network upgrade, the price may rise to $ 10,000 - $ 15,000, or even more. This has been talked about for a long time. It is assumed that after the update, this coin may even overtake Bitcoin in terms of capitalization and price dominance. Perhaps this is still a long way off, but the price of this coin will grow much in the coming year.

I don't understand you clear here. Why did you stop your friend to buy ETH when he needed ETH to buy the Axie game ? The price of ethereum is still undervalued and think that your friend will play Axie and generate a lot of income. I think you should again advice your friend to go for it and try his luck in the Axie game.

If I have some extra money, I'd rather hold my ETH and will not sell it because I believe that ETH will continue to go up. When it comes to axie infinity game, you can work, earn, save and buy more teams you wanted just keep doing more extra jobs.😅

Indeed, now is not the time to sell your ethereum. After the upgrade, this coin should go up a lot in value. Therefore, I also now try to keep these coins with me. According to forecasts of ethereum, after the network upgrade, the price may rise to $ 10,000 - $ 15,000, or even more. This has been talked about for a long time. It is assumed that after the update, this coin may even overtake Bitcoin in terms of capitalization and price dominance. Perhaps this is still a long way off, but the price of this coin will grow much in the coming year.
[/quote]

Does anyone know the date of the update? I already have some savings, if there is a chance I will buy more.

Well i fell you mate that selling ethereum right now is not a good choice, especially when you know that there's an upcoming event, its definitely a big mistake, indeed even me if i were on that situation for sure i will suggest them to use P2P or any reputable P2P service in the internet wherein rather than selling my ethereum because it's like you let the opportunity to obtain good profits go away..so never in my life, especially if there's a bullish season in the market because it's the right time to multiply our money .. Lol

That's what I'm thinking right now, many people are starting to be tempted by NFT, besides playing games they can also have crypto profits from it. Of course it's not free to play in Axie Infinity, some capital does need to be prepared.

For me, for some reason, it's too difficult to release coins like ETH just to play, even though we can get profit, but it comes back to the user. Because for me as long as there are other alternatives to playing games on NFT with crypto other than ETH and BTC maybe it is much better to choose. Instead of having to let go of the grip of potential coins which have the prospect of guaranteeing from day to day.

It's really a pity , But you need to know that ETH is one of the potential and popular coins second only to BTC and the price increase is certain . As for using P2P to help us transact quickly , But I myself just read about the article P2P trading still contains many risks , And the best way is to learn more about how to trade or binance P2P will be the best choice.

I believe that Ethereum will be always and still a good token to hold for a long term investment but I also think that those people who are interested to buy their own team especially when they would like to buy Axie pet in marketplace they will need to buy Eth. OP may have some regrets by selling his Eth to his friend but he already learn a lesson from his decision actually this month is not a month to sell your crypto instead it is a season to hold crypto. It is also good that he advise his friend to buy eth from a reputable exchanges.

It seems like you and your friend have different opinion. As far as I can see from your thread if you're only pegging with the capital gain from your investment from your ethereum and as per London hardfork and the inflation that happened since a long time ago already reduced through burn fees mechanism that already implemented.

You have been making a very good decision by redirecting your friend to the binance p2p. Why is not your friend using the exchange site instead of p2p transaction? will not it be much more easier compared when buying from you?

Your friend was focusing into the active income from playing axie infinity. I'm also axie players and I have been playing this since 2020.

I hope that there will be a big update on its hardcap supply and then ethereum will be very valuable

If I could have sell it to him again, I may end up regretting the same thing. I’m so dumb not thinking about selling my short term coins to ETH first instead of using my then-current ETH holdings I have. Like I have mentioned in the thread, the first time I’ve sold my ETH to him, the coin skyrocketed a few days later from $2k to $3k+, and I have regretted selling it to him, in which I could have gained more profits by holding more ETH.

he plays axie but doesn't have ETH and can't buy his own ETH on the exchange, he have SLP or axie he can exchange it for ETH,
but you can also help him to buy him ETH on the exchange with a fee charged to your friend, so that he doesn't get fooled by P2P out there, because there are many fraudsters under the guise of p2p

At least, you suggest your friend buy at the exchange such as Binance. I agree with you to hold Ethereum for a while because Ethereum has a big chance to show its power to us and increase the price by more than just $3,000.

Your friend is desperate or curious about the Axie game so he wants to buy more and find out about that game.

You are making a good decision not to sell your Ethereum because you are bullish and believe that Ethereum can rise. Let your friend buy Ethereum from other places according to your suggestion.

Agreed, and I believe we made similar mistakes a few years ago, but profit is profit, whether small or big. If you have faith in the coin, hold it, but reconsider if you truly need money, as most holders always say those kinds of statements if they've sold it before the price spikes up. However, as long as you make a profit, selling is always a good idea.

The exchange recommended to me is Binance exchange, this was already proven and tested. And I don't know to other exchange I haven't try it yet so far. Well, in regardless of your ETH holdings I have no question to that matter. The only thing I don't like for the ETH is the transaction charge is too high or expensive. The fee for me is not too practical anymore, and I don't see the logic why ETH have that kind of expensive charge every time there is a transaction in terms of withdrawal.

Each of us has definitely experienced Fomo when he saw that the price of an asset sold increases. But these are the realities of trading, because no one will be able to sell sell high and buy at a low price. But in any case, every trader should keep such an asset as Ethereum in his wallet, at least before the ETH2 phase-2 is launched.

all crypto coins have fluctuating prices except stable coins which have prices based on Fiat pairs, btw I will not regret the assets that have been sold if at that time I needed money for other purposes, but unlike you, it looks like your friend is lucky to buy ETH because of the price ETH rose above $3k.
other times you can sell the ETH you own with a selling target as you wish, for example $5k for 1 ETH and the order will be sold if someone buys it on the exchange

Simple as that, the timing of your friend is very lucky since after buying it from you the value went up. So it's good for not to let him
buy your other ETH and let him learn how to buy it from the market. He may learn how to deal with the fluctuating value and it will  give him the idea why you are not letting him to buy your remaining ETH.

If you have set your target keep it and allow time to hit it up for you, in that way you'll maximize your profits.

Since the price of ETH now are too high in the market, perhaps in my own opinion, it is timely to sell some of your ETH holdings in the exchange.
But if you are willing to hold it in the long term, of course I respect that. But for whatever reason or purpose your choice decision it is still in your hand anyway.

selling ethereum at this moment personally was big mistake ever decision in cypto market.  ethereum demand in ecosytem still very high now and its still continuesly growing. almost all traders have ethereum in their wallet now and it also used as hedging asset . Axie was good project and it still have some money better to buy it with this money  and dont sell our ethereum