People paying $1200 for 1 Ethereum are crazy... You only get rich buying CHEAP

[muenze]

What are these other coins you made 50x on?

Many. Most recent was AAVE, I bought when it was still ETHlend.

You will also lose some buying cheap coins but you will NEVER even get x20 on ETH not even x3. And even if x3 in that time many many other coins will be x10 and more.

[FrozenBit]

What are these other coins you made 50x on?

Many. Most recent was AAVE, I bought when it was still ETHlend.

You will also lose some buying cheap coins but you will NEVER even get x20 on ETH not even x3. And even if x3 in that time many many other coins will be x10 and more.

wow you had a great investment, not everyone can make x20 x10 on the initial investment, i'm unlucky that the projects that i join have a pretty low and high ROI the most I have ever had is 10x, but looking at the market right now I have the same mindset as you and I think maybe we'll come back to 50x. 

[Btra]

This is not a crazy bet who are buying Ethereum now even at $1000 or $1200 because this coin is also like Bitcoin which will definitely grow with the synchronization of Bitcoin. Look at the date back in the previous year when ETH price touched its lowest to $150. If you were bought in this level now which is less than a year you must have accrued 8x times of value. I don't say that cheap coins are not legit but you should evaluate them before buying this coin.

[Kupid002]

What are these other coins you made 50x on?

Many. Most recent was AAVE, I bought when it was still ETHlend.

You will also lose some buying cheap coins but you will NEVER even get x20 on ETH not even x3. And even if x3 in that time many many other coins will be x10 and more.

But its riskier compared to ETH. I mean altcoin is only good for short term investments ,once you earn enough you should leave it or else you will lose your profit for trusting too much in a project. even ETH decrease its value more than 90% so what else from other altcoins? This is only good if you bought it cheaper but if not always take profit and do not fall in love with a coins hoping to become the same as other altcoins .

[Tstar]

I don't think that people are trying to make 20-30x with Ether as you did with TRON and others. I think people are viewing Ether as a safe heaven for altcoins.

If you want to make 20-30x, you should look after the new coins.

[sammyp]

Most of us feel very uncomfortable buying one coin at such a price. We are happy to see our wallets filled with thousands of coins which might never go above x3 in years. I believe that investing in high valued coins like BTC and ETH pays a lot in the long term. Let us look at a sample investment of $5000 in BTC at $1200 and $5000 in ETH at $50 in March 2017 to date.
$5000 would have given you 4.17BTC against 100 ETH. Assuming you were selling today, 4.17BTC will give you  $141,204 whiles 100ETH gives you $109,274. A very huge difference of $31,930 in favor of Bitcoin.
from this analysis, if not for coins which can easily go x30 plus, I will stick with the big ones.

[muenze]

Well, see Nano.

It was $1 just a few days ago. Now its $4.

So when will ETH be $4000? Lol.

I mean it can happen. Maybe ETH will go to $4000 this year. But then Nano will be $20 or even $30 so with Nano you made 5 times more.

I think alot of people in crypto just are extremely bad at math and dont understand market cap.

Why would you invest in things that are already extremely expensive when theres only a very small upside?

Its never the 99% of lemmings who all follow the same horn who get to paradise....

[DGBfanster]

Well, see Nano.

It was $1 just a few days ago. Now its $4.

So when will ETH be $4000? Lol.

I mean it can happen. Maybe ETH will go to $4000 this year. But then Nano will be $20 or even $30 so with Nano you made 5 times more.

I think alot of people in crypto just are extremely bad at math and dont understand market cap.

Why would you invest in things that are already extremely expensive when theres only a very small upside?

Its never the 99% of lemmings who all follow the same horn who get to paradise....

People are afraid of losing their money in bad blockchains and scam projects (which happens A LOT). So they prefer to be conservative and go for slower moving coins like BTC and ETH. The people that come from traditional markets also fear fast moving coins like Nano.

That's why they keep investing in ETH but not Nano. You can replace"Nano" in my sentence with any altcoin, except LTC, XRP and BCH.

[Fatunad]

So I want to bring this old topic up, remember when ETH was $1200 and Bitcoin was $15000? Now Bitcoin is $32000 and ETH is only $1000.

Meanwhile I have made x50 and more on some smaller coins. ETH was good when you bought it for $10. Now you need small projects for massive gains. Something will replace ETH and it still isnt even decided if dApps ever will be a huge market anyways.

So something as Nano seems like a way better investment because it can easily go x20 from just a few on Wallstreet seeing its potential.

What are these other coins you made 50x on?

This kind of selection is just like on doing pure gambling. Most of these coins reaches out 50-100x are to those low cap coins.Its a do or die kind of situation where you do just crossed your fingers for it to get pumped.

Back on topic since this one is an old one which do talks about ETH on 1200 then they had already experienced on getting break even at the moment if they do managed to held up that long.

Currently, altcoins are starting to move now if we do look up the situation of the market.For those who had bought cheap while alts are still on sleep are reaping off some gains now.

[ingiltere]

I don't think that people are trying to make 20-30x with Ether as you did with TRON and others. I think people are viewing Ether as a safe heaven for altcoins.

If you want to make 20-30x, you should look after the new coins.

He may be a small player, big money follow big coins. BTC and ETH are supreme leaders in crypto business.
When you put millions of dollars into small coins you broke balance and your entry point would be much higher due to low volume. There isn't any risk like that in billion dollar crypto currencies.

[muenze]

When you put millions of dollars into small coins you broke balance and your entry point would be much higher due to low volume. There isn't any risk like that in billion dollar crypto currencies.

Well, yeah nobody is putting millions in small coins.

But if you think theres no risk in Bitcoin or ETH, Bitcoin is safer it still dropped to ~ $3500 last crash but ETH was even worse it dropped to $50.

So if you are a professional investor, why in hell would you ever risk millions in ETH when it can turn 1 million into 50k?

[ingiltere]

Well, yeah nobody is putting millions in small coins.

But if you think theres no risk in Bitcoin or ETH, Bitcoin is safer it still dropped to ~ $3500 last crash but ETH was even worse it dropped to $50.

So if you are a professional investor, why in hell would you ever risk millions in ETH when it can turn 1 million into 50k?

There is always risk in investment and you should cash out when you see bear market because those markets take 2-3 years. There are better options, it's pointless if you buy at the top and wait whole bear market while holding coins.

If you do stop-loss you would never turn your million to 50k. It's a standard for every investment, not just for ETH.
Long term traders don't care about daily prices. They already bought coins from dip, when everybody else is hopelessly selling.

[bitterguy28]

So I want to bring this old topic up, remember when ETH was $1200 and Bitcoin was $15000? Now Bitcoin is $32000 and ETH is only $1000.

Meanwhile I have made x50 and more on some smaller coins. ETH was good when you bought it for $10. Now you need small projects for massive gains. Something will replace ETH and it still isnt even decided if dApps ever will be a huge market anyways.

So something as Nano seems like a way better investment because it can easily go x20 from just a few on Wallstreet seeing its potential.

Just be Happy on what you are achieving while ETH believers has still on their faith if what would Ethereum may bring them, I remember that for years now When ETH was still struggling to reach 10% of Bitcoin price and up to now this wasn't happening .
How long will be the ETH supporters keep this belief ? or they are the one whos changing plans now.

[shinratensei_]

Why would you invest in things that are already extremely expensive when theres only a very small upside?

Its never the 99% of lemmings who all follow the same horn who get to paradise....

that makes sense and i have been buying nano before the pump and got nice ROI from my nano after i have sold it.
People are taking the reputation of coin but they forget if they can make more money from the legit altcoins that are still undervalued. I know what you meant that people should try to think to invest in the legit con that is not yet pumped.

[shoreno]

You will lose some buying cheap coins but you will NEVER even get x20 on ETH not even x3.

really ? what about those people that bought eth when it eth was only a dollar or two ? i bet those people made more than times 20 now and it was easy for eth or for eth investors to get times three because it wasnt that high or far too achieved  .

And even if x3 in that time many many other coins will be x10 and more.

really ? now telll me if what are those coins  . i cant see any altcoin pump that much except etherium  . we arent forced to buy eth or any other coins at a higher price and the reason why someone buys at a high price is maybe because they are richier than you and they are smart enough to know that the coin that they are invested with will grow more in the future  .

[wiss19]

You can buy ethereum at 1200 dollars, people said the same thing back in the day and it peaked at 1.5k, and they profited. What I think ETH will be this run is about 3k dollars per ETH, which is why I still think anyone who wants to buy would make a decent return, in fact if you stake it, you are going to make even more money as well and I would advise it for everyone, you can put a sale on 3k later on when staking could be stopped.

All in all ETH is the biggest altcoin out there, and increasing price doesn't mean you should stop buying, if you stop buying that means it will not go any higher, whereas people who end up buying from here, makes it profitable. Obviously you should try to buy from lower levels, if you go in hard when its cheap, it is a reasonable move, but that doesn't mean its the only time you should buy, you can buy at any price.

[muenze]

what about those people that bought eth when it eth was only a dollar or two ? i bet those people made more than times 20 now and it was easy for eth or for eth investors to get times three because it wasnt that high or far too achieved  .

that is because buying cheap works. you are not buying eth cheap now. i have made x50 and more on over 20 coins but the only way this works is buying early. not buying expensive coins now

i am not sure about your math skills if you think someone buying eth for $1 made x20. its x1200

[tabas]

It's been three years since the thread was made and there's truth in what he said about Ethereum. While the discussion is about $1200, Ethereum as it pumps again didn't passed on its past ATH.
And today's price of is even less than the price that was indicated on this thread.

[slaman29]

Buying cheap works for speculators but if you're really considering yourself to be a long-term investor, then price is not something significant that makes you decide your entry levels. Ask those Bitcoiners who thought 10k was too expensive, waiting for 5k dips. Or those who thought 20k was too expensive. Price for BTC isn't looking back anymore;)

[target]

Consider yourself lucky if you have bought your ETH at its lowest price like below $100. People buying Eth for $1200  still think its early because they are also speculating ETH could be much worth soon.

Everybody wants to get early investors price so if you need to find one and wait til its price is $1200 there are many tokens that can potentially go to the moon as well.