ETH sell now then re-buy later?

[hase0278]

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.

[casedin]

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.

[lx001]

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

[arbitrage]

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.

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..
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.

[Marma Kalari]

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.

[Zitudent]

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.

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

[jb810]

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.

[espante]

That's what I did at 150$ 

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.

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.

[go4crypto]

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.

[joshy23]

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.

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.

[jb810]

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.

[ged00u]

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.

[Clement Kaliyar]

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.

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.

[jb810]

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.

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?

[jb810]

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.

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

[JeffBrad12]

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.

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.

[ozaeri]

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.

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.

[MWesterweele]

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.

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.

[Kawasanz]

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

[Taskford]

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.