Bagaji (OP)
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November 07, 2019, 12:14:42 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
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acdc
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November 07, 2019, 12:35:50 PM |
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No one has the right answer for you. Everyone expects the value of the cryptocurrency market to increase and everyone to make a profit. However, anything can happen in this market, maybe tomorrow's price of ETH will double or drop to $ 100. If you decide to keep your coin, believe it. If you don't believe in a coin, sell it now.
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Coyster
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November 07, 2019, 12:36:38 PM Last edit: November 07, 2019, 12:53:22 PM by Coyster |
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You said you've been holding your eth since it was 1,300 or so, within that time and now there have been times when it surpassed that amount and if you had sold then, would have given you profits, no matter how small. The goal of investment is indeed profit as you know, but selling it right now, you're surely incurring nothing but losses.
If you're a believer in long term investment, as you said, then you should continue holding your eth, at least till it reaches the price you had initially bought it for, and if so kindly surpass it, just do not sell when you'll be on the losing end, it's bad business(investment), except of course you can't do without the ROI right now.
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semobo
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November 07, 2019, 12:40:40 PM |
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Long term holding will be benefitable or more profitable only if you have the patience to hold it long enough likely from bearish trend to the next bullish season which may happen in months or years even it takes couple,so you just have to hold for little longer because the next bullish season is expected to begin in late 2020 or in early 2021,so you still got the time to enjoy the drama.
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Wexnident
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November 07, 2019, 12:50:19 PM |
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Yes and No. Profit-making has a lot of factors involved in it and it isn't just a matter of holding it for a long time that makes it valuable. You may have to hold it for a long time but if it's a trash coin, then you wouldn't profit still by the end right? But no one really knows if one is a trash coin or not in the first place, until it booms or until it drops. It entirely depends on the foresight of one and the ability to respond to cases where it may suddenly drop, so you let go to limit your losses.
As for ETH, well it is a good altcoin, but in the end, its development is still limited because of a huge enemy, the Bitcoin. It steadily grows, but ever so slowly because all attention right now is in BTC. if BTC somehow gets f*cked up, like one way or another, a probability is that ETH would take its place, and a boom could happen then. Well, it's just a scenario though and I doubt it could happen but you never know.
Long story short, Yes it could, as long as your foresight is pretty good, profit should come, and No, if it's bad or the market just rekt your life.
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LeGaulois
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November 07, 2019, 12:54:34 PM |
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I disagree with a lot of people. No, not all cryptocurrencies are or will be profitable in the long term holding plan. The Darwin theory. There are a lot of craps out there and most of them will die in the time and they will be forgotten forever.
I would say that you have no choice to keep your ETH if you don't want to lose money. If you sell right now it's a 600% negative ROI. Can you afford that?
Despite you seem to be less excited with altcoins, if you're a real believer about the project itself you should be convinced that it will hit a high price in the future. And if you are trying to convince yourself it's because you're not a real believer after all.
Perhaps focusing on fewer altcoins will give you a better experience.
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LouVandetta
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November 07, 2019, 01:14:03 PM |
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Ugh, I hate this kind of question. Whatever our answers are, it doesn't make anything right. You've been holding it since 2017. if you sell now, you'll lose quite a lot of your investment. If you continue your long term holding, we don't even know what the future holds. What if you continuing your holding, then you might lose more than you are now? And there's also possibilities that the price will sky rocket than ever. I wish you luck. It's all your call.
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Bagaji (OP)
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November 07, 2019, 01:15:49 PM |
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You said you've been holding your eth since it was 1,300 or so, within that time and now there have been times when it surpassed that amount and if you had sold then, would have given you profits, no matter how small. The goal of investment is indeed profit as you know, but selling it right now, you're surely incurring nothing but losses.
If you're a believer in long term investment, as you said, then you should continue holding your eth, at least till it reaches the price you had initially bought it for, and if so kindly surpass it, just do not sell when you'll be on the losing end, it's bad business(investment), except of course you can't do without the ROI right now.
I appreciate your respon but to answer to one of your question in your first paragraph I will say the market value of ethereum has never increase more than $1,300 since the time I have been holding my ethereum. I don't want to sell at lose and that is the reason why am still holding just that am currently losing faith.
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Innocant
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November 07, 2019, 01:24:28 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
Well it depends on you if you still continue to hold but if you have some important things that you need maybe it is the time for you to use it, But I heard these news about etherium that have releasing a new update 2.0 I think. And said that have a huge price of etherium will to make and surpass the price of etherium in a past year 2017. Maybe it will happen so that your etherium you hold for a long time to increase price, So for now think about first before you make some decision.
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Doell
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November 07, 2019, 01:57:33 PM |
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of course you have to hodl longer in the long terms but when you see a price that will benefit you better you sell ,don't be too eager to take a lot of profit when prices fall like now there is no chance to sell again experience must be kept in mind long as you invest
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Quidat
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November 07, 2019, 02:23:22 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
Depends on how long you would able to take or sustain yourself into this very unpredictable market.This is actually the hardest part of a long term holder where you would able to witness the price pumps and declines which you cant really avoid not to have that regretting part when you do saw ATH prices and you missed on selling that time yet you believe that it might even shoot up its price even more.Your choice though if you do still had the courage to hold or just simply sell off on this cheap prices which is actually a not worthy thing to be done.
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NeuroticFish
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November 07, 2019, 02:32:56 PM |
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For the first question "Do long term holding profitable in all cases?" the answer is clearly no, long term holding is not always profitable. You have to pick the right portfolio and watch it, since some coins will probably die and/or become worthless. Should I continue holding my ethereum?
This is very hard to answer. Ethereum had a great idea. That idea made it so popular it's still one of the few altcoins accepted by a significant number of merchants. Now Ethereum has competition, but as seen with Bitcoin too, competition is usually way behind. But 2019 was not a great year for Ethereum. It was a bad year for all altcoins. And there were problems and delays with the updates, and there were strange proposals made by Vitalik, ... and of course a lot of FUD around all this. Whether Ethereum has the power for a beautiful comeback or not, I don't know. And even if I'd know, it's you who has to get all the pieces together and make a decision.
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CarnagexD
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November 07, 2019, 02:42:13 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
Actually, it depends on the coin that you have especially if you hold good coins just like bitcoin and ethereum. Maybe try to hold your ethereum because I know there is a new update about it which is ethereum 2.0 and because of this it might trigger the price to increase again. I also have ethereum and my plan to this coin is to sell when the market goes up so I can regain some of my losses. Lastly, keep on holding mate and just sell it in the perfect time so you will not regret.
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Hamphser
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November 07, 2019, 02:51:22 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
Yes, you should. As far as I know ethereum have some potential to grow in the future just like bitcoin. Though we shouldn't invest only in a single token since these coins are susceptible to volatility and there are times that your investment might not be profitable in a certain period of time.
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teosanru
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November 07, 2019, 03:01:56 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
I think profitability is based on the mentality and skill of trader and not about the time frame. Warren Buffet became the richest person by long term investment. While George Soros made all his fortune by short term trading. Now what you are doing is nothing but just hodling. Buying and holding until it's finally profit. People buying and selling coins merely like these will mostly end up in losses. I think if this coins is holding you from learning more and buying more using that capital sell it because along with the capital which you have already lost now you are even losing opportunities to make profits.
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kanayaTabitha
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November 07, 2019, 03:07:41 PM |
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Should I continue holding my ethereum? Am a believer of long time holding but am currently beginning to lose faith due to fact that I have been experiencing constant decline in my major coins that I have been holding since late 2017. The coin in question is ethereum which I have been holding since when its value was around $1,300 and now its value is now less than $200 per one. Should I continue holding my ethereum?
If you don't need that money, you better hold it until next year because ethereum will held big revolution to it's technology which people said ethereum 2.0 You already experienced a big loss, so it's not worth to sell right now except you found a really good potential coin that you trust will rise in a short time, but my recommendation is just hold your ethereum until next year, i'm sure the price will be at least 300, you will still have a loss but at least you minimize your loss
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Bttzed03
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November 07, 2019, 03:13:29 PM |
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~snip
I appreciate your respon but to answer to one of your question in your first paragraph I will say the market value of ethereum has never increase more than $1,300 since the time I have been holding my ethereum. I don't want to sell at lose and that is the reason why am still holding just that am currently losing faith. That's a tough spot you are in. Are you losing faith because of the time it's taking for the price to reach $1,300 or because of the delays in development? If it's the former, then just patiently wait. I don't think it would go lower than its ATL. If it's the latter, then you might want to consider selling. Holding on to a project you no longer believe in will only stress you out. Consider also storing those eth safely in a hardware wallet and forget that you ever bought some.
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Bagaji (OP)
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November 07, 2019, 03:36:31 PM |
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~snip
I appreciate your respon but to answer to one of your question in your first paragraph I will say the market value of ethereum has never increase more than $1,300 since the time I have been holding my ethereum. I don't want to sell at lose and that is the reason why am still holding just that am currently losing faith. That's a tough spot you are in. Are you losing faith because of the time it's taking for the price to reach $1,300 or because of the delays in development? If it's the former, then just patiently wait. I don't think it would go lower than its ATL. If it's the latter, then you might want to consider selling. Holding on to a project you no longer believe in will only stress you out. Consider also storing those eth safely in a hardware wallet and forget that you ever bought some. Many thanks for your kind advise for I so much believe that your advice is not difficult from what I can do since that investment is not the only capital that I have to leave on. For now I have to put that behind me and just assumed it is a lost and one of those things that do happen to one investment and maybe one day I will smile.
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enhu
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November 07, 2019, 03:44:22 PM |
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If you believe we are too early in crypto you would really have to think that the price will one day shoot up just like the bullrun days and you may even profit more if you just hold and stake your ETH instead. ETH is one top token for the smartcontract, there is no one yet had tried to oust ETH even when WAVES already have but its nothing compare to ETH.
However if you think you are losing opportunity right now as there are more to invest than keeping ETH on your wallet, no one can stop you from doing it.
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TGD
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November 07, 2019, 03:50:04 PM |
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~snip
I appreciate your respon but to answer to one of your question in your first paragraph I will say the market value of ethereum has never increase more than $1,300 since the time I have been holding my ethereum. I don't want to sell at lose and that is the reason why am still holding just that am currently losing faith. That's a tough spot you are in. Are you losing faith because of the time it's taking for the price to reach $1,300 or because of the delays in development? If it's the former, then just patiently wait. I don't think it would go lower than its ATL. If it's the latter, then you might want to consider selling. Holding on to a project you no longer believe in will only stress you out. Consider also storing those eth safely in a hardware wallet and forget that you ever bought some. Many thanks for your kind advise for I so much believe that your advice is not difficult from what I can do since that investment is not the only capital that I have to leave on. For now I have to put that behind me and just assumed it is a lost and one of those things that do happen to one investment and maybe one day I will smile. You should cut loss already when ETH drop 50% from 1300$ price. If I were in your case. I will just hold it since nothing to lose already, ETH price is already at the bottom and slim chance to plummet more. You just need to wait and stock more cheap ETH but don't expect that the price will be there again. Maybe around 500$ is possible but above 1000$ is a miracle already.
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