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Author Topic: This makes sense or not?  (Read 493 times)
jostorres
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September 13, 2022, 04:12:23 PM
 #61

Hi Fam, I am new to crypto investment and crypto mining, I have a plan in mind with this upcoming merge, just tell me if it's bad or not, I plan to sell all my bags after the merge because I believe there will be a massive sell off, and I will buy back at a lower price, is this making sense or not.
First of all, what is that crypto coin you are planning to sell? Are those btc and some altcoins/tokens? But, as long as it's not Ethereum, then there is no need for you to sell them because they may not be affected by the possible dump and if ever they fell, just don't panic because they can always recover but you can opt to buy more coins.

You said you are a miner so what is that coin you were mining? Was it eth? When I visit the mining boards I see that some users are planning to sell their eth miners. Maybe you can also do the same thing because I think eth mining will become obsolete however I think you can still use it to mine other coins.

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September 13, 2022, 04:13:14 PM
 #62

Hi Fam, I am new to crypto investment and crypto mining, I have a plan in mind with this upcoming merge, just tell me if it's bad or not, I plan to sell all my bags after the merge because I believe there will be a massive sell off, and I will buy back at a lower price, is this making sense or not.

Well, just wait the merge if what will reallly gonna happen and if you can make profit if ever you will.sell.all your coins.during that event. All we can do is to predict  but there is no certainty in every prediction.

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isaac_clarke22
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September 13, 2022, 04:30:38 PM
 #63

~
Maybe call the 90% of your bag. Like libert19 mentioned, it is better to do it before the change. This is not a small change that we are talking about anyway. All I can see for now is some ETH GPU miners are affected from this since ETH will now turn from PoW to PoS and I only found that out since I was looking for GPU lately and they were skyrocketing still though here in my region.

Just hold the rest so you would still somehow play it safe regardless and you can decide to buy more if it somehow did not impact ETH really bad. Considering how ETH stays top 2 for many years, I had doubts it would impact that bad.
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September 13, 2022, 07:50:44 PM
 #64

Hi Fam, I am new to crypto investment and crypto mining, I have a plan in mind with this upcoming merge, just tell me if it's bad or not, I plan to sell all my bags after the merge because I believe there will be a massive sell off, and I will buy back at a lower price, is this making sense or not.

How do you know from where that massive sale will happen after the merger?, I think you are doubtful by holding ethereum at this time. I myself will release it after merging later if the price will exceed what I bought before. but i will consider releasing my ethereum

It is obvious that the current increase in the price of ETH is influenced by the hype of the Merge event.  It is highly possible that after the event, the hype that is pushing the price of ETH will be gone, and that those who invested at the early stage of the hype might probably sell their holdings in order to get a profit.  These sell off and hype gone may crash the price of ETH at certain point.  Besides we are still in the bear market so it would be hard to maintain the hype cause by the merge event when the event is over.

Currently, it is difficult to make a decision. If he sells all his Ethereum and then it does not have any massive sales, he will regret the decision. The probability that ETH will increase after the merger is higher than the dumping. He seems to be going against a lot of people, I see a lot of investors buying into ETH and hopefully with this merge happening, they will then be distributed a coin forked from ETH and this is the free profit. I think this option is better than selling ETH and buying it back later, it's too risky.

Just consider the situation,

1. the current cryptocurrency market is at a bear market
2. the recent ETH hype is created by the merging event
3. People are buying because of the possible free money when the network is forked.

So after the event these 2 and 3 will be possibly gone making the ETH market goes back to the reality of being in a Bear market.  So is there any reason for the ETH market to continously increase the price if the hype and the people who are buying due to the possible free money are gone?  I think a dump is very much possible after the merge event.

I think it's best for ethereum holders for now, let's just wait and see what happens later. do not just look at the unstable market conditions at this time. I think it is very likely that the price of ethereum will be even better after the merging event occurs later. hopefully the price of ethereum continues to be pushed and gets better

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September 13, 2022, 08:27:41 PM
 #65

...Taking some profit out from the volatility of the market is really a good idea and losing such an opportunity is a big mistake.

Sell or hold, this is the main dilemma of the investor. And this applies not only to Ethereum, but also to all other coins that are in your wallet. Almost every coin has a news background that either pushes the price up or a dump. Currently, the attention of the majority is focused on the Ethereum merger and this is a great opportunity to make a profit. The main thing is to make the right choice.

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September 13, 2022, 08:52:13 PM
 #66

Today I read an article by one of the ETH developers, from which it follows that perhaps not everything will go well and there will be problems. This may not tell the price in a good way. It may not happen, but who knows.
It would be nice if you could provide the source of such article because if that is true then that is very serious, if one of the current developers of ethereum doesn't think that things are going to proceed as smoothly as they have made the community to believe then this is a problem, because when those problems emerge people are going to panic, people are going to believe that everything is going wrong and they will begin to sell their coins, and unfortunately the effect will not only felt by those holding ethereum but by those holding any kind of coin in this market as I think a generalized crash may follow.
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September 13, 2022, 09:06:53 PM
 #67

Hi Fam, I am new to crypto investment and crypto mining, I have a plan in mind with this upcoming merge, just tell me if it's bad or not, I plan to sell all my bags after the merge because I believe there will be a massive sell off, and I will buy back at a lower price, is this making sense or not.
In this kind of case you are of good position to conclude what ever you have in mind, because i believe buying will be more easier for you, because mining required many things and especially equipment and adequate electricity for the mining of bitcoin to take place, except it's a situation what you are mining is all this local token, you can mine if it's a token, but a process whereby it's Bitcoin, i will advice you to buy instead of involving into mining

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kapalmabur
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September 13, 2022, 10:00:14 PM
 #68

...Taking some profit out from the volatility of the market is really a good idea and losing such an opportunity is a big mistake.

Sell or hold, this is the main dilemma of the investor. And this applies not only to Ethereum, but also to all other coins that are in your wallet. Almost every coin has a news background that either pushes the price up or a dump. Currently, the attention of the majority is focused on the Ethereum merger and this is a great opportunity to make a profit. The main thing is to make the right choice.
It is not easy to make the right decision, therefore it is very important to do research and analysis before making a decision.
why not as long as it can make a profit I think it needs to be used,
maybe with the merger of Ethereum it will make the price go up we'll see
Eridan_world
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September 14, 2022, 02:13:34 PM
 #69

Today I read an article by one of the ETH developers, from which it follows that perhaps not everything will go well and there will be problems. This may not tell the price in a good way. It may not happen, but who knows.
It would be nice if you could provide the source of such article because if that is true then that is very serious, if one of the current developers of ethereum doesn't think that things are going to proceed as smoothly as they have made the community to believe then this is a problem, because when those problems emerge people are going to panic, people are going to believe that everything is going wrong and they will begin to sell their coins, and unfortunately the effect will not only felt by those holding ethereum but by those holding any kind of coin in this market as I think a generalized crash may follow.

Here you can read it. I can't guarantee that all this is true, but maybe there is some truth in it.
https://twitter.com/splix/status/1569337177984700417

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September 15, 2022, 08:02:04 AM
 #70

it could just happen because of what we experienced before that when a coin has big news like an airdrop snapshot, burn, fork , it will go up high quickly. but after that we will see the massive sales. but if you mean ethereum it should reconsider, if you are buying cheap it shouldn't be necessary to sell everything but sell some when it is already at its peak during the merger.
Agree, when it is lower level coins the news itself could be the carrying factor and when the news passes it is going to go down because everyone wants to get out. But have you asked yourself why they get out? They get out because they do not want to hold those low level coins and want to hold stuff like ETH instead. In this case, it is not just one merge and then over, it is going to change ethereum for good and it is going to have people buy it all the time to be able to stake more and more.

I will be one of those people and there will be a lot more people as well, the more money they make the more ETH they will buy in order to put that into a pool and make more money from the staking rewards as well.

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September 15, 2022, 08:09:01 AM
 #71

This plan seems logical to me, it is likely that there will be some rise in prices after the merger, and then the price will return to its previous position later, so it may be good to try to take advantage of this rise and fall and get more additional profits, the merger actually happened and there was a slight increase in the price for that You have to choose the right moment to sell and then the right moment to buy again.

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September 16, 2022, 12:52:24 PM
 #72

Hi Fam, I am new to crypto investment and crypto mining, I have a plan in mind with this upcoming merge, just tell me if it's bad or not, I plan to sell all my bags after the merge because I believe there will be a massive sell off, and I will buy back at a lower price, is this making sense or not.
We've been through the merger and the price hasn't shown any sign of going up high so it's highly recommended to keep it on hold until then. This is because the market situation has not yet moved upwards. Besides that, the market has declined again and caused many altcoins to follow suit. You have to be more patient and keep waiting and holding your coins and even if there is no sign of increasing, it will be okay because eventually, the price will go up again.

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September 16, 2022, 01:19:21 PM
 #73

This plan seems logical to me, it is likely that there will be some rise in prices after the merger, and then the price will return to its previous position later, so it may be good to try to take advantage of this rise and fall and get more additional profits, the merger actually happened and there was a slight increase in the price for that You have to choose the right moment to sell and then the right moment to buy again.

More than a day has passed since the merge and there hasn't been any spike as many would expect and can see the price of ethereum has also dropped but not due to dumping occurring. The market is falling but very slow and tug-of-war, I just checked the price of ethereum, it's only down about 10% since the merger was successful.

It is really hard to predict the market, for those who have sold before it is also very difficult to decide to buy now because the price drop is negligible and now is not a good price to sell. Neither long nor short can profit from this event.

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September 16, 2022, 06:44:55 PM
 #74


 many negative speculations arises and talking about huge drop and this eventually influence to the other investors. I'd see that not all are able to hold and take the risk, some will easily to give up when hearing negatives, and this what it happens ti ETH.

You are right, the price continues to decline because there are many selling because of the fear of high risks, but I expect that this movement will be reversed soon when the price drops to an attractive point to buy, then many investors will start buying from this point and this will lead to a rise in the price again due to the increased demand for purchase. Ethereum is a very strong coin and is expected to witness significant growth due to the move to the new network and this decline is only temporary.

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