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Topic: Is It The Best Time to Sell Ethereum (ETH) (Read 713 times)
azmirihaque
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Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 05:55:57 PM
#1
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit. But recently its value is some what in down trend. Still my investment has 20% profit. I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 06:18:49 PM
#2
20% profit is pretty high, will I sell if I get that high a profit on any of my assets, maybe/maybe not, it depends on so many factors privy to only me. Why I wrote the sentence before this is because it's your decision to make, the 'factors' I mentioned earlier differs individually, you will have to assess yours on a personal level and decipher/come to a conclusion on what's best for you.
If it was prolly a shit/pump and dump coin, I can give you an advice to sell, but ethereum has done pretty much well for a long time now and with eth 2.0 at hand, there could actually be a reason to hold your eth longer, even if you have a 20% profit ready to be cashed out, but that being said, this is still not an advice to hold, read the first paragraph and decide for yourself what you want to do.
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rizkyalhabsy
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 06:20:05 PM
#3
Quote from: azmirihaque on September 15, 2020, 05:55:57 PM
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit. But recently its value is some what in down trend. Still my investment has 20% profit. I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
I think you should hold this coin until it reaches ETH V2. From my point of view, until the beginning of the year this coin will still go up drastically especially if you are strong enough to hold this coin until it reaches ETH V2
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 06:27:54 PM
#4
I think when ethereum 2.0 is released or close to release there is a possibility that ethereum's price could be better than now but this is only an estimate considering ethereum's price once touched more than $1000 so i think approaching ATH is still reasonable.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 07:10:31 PM
#5
If you don't have a clue, sell some or take back your investment then hold your profit.
So, when you are fealing still have a good trend but your predicted is wrong your initial amount of trade not getting affected at all. What's you get from the down price your estimation profit just decrease, my self always doing that's for more safe trade because don't know the exact situation market when you want more but could be the down trend can more than your profit % and turn out you on the lose position when the price is crash.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 07:11:52 PM
#6
Quote from: azmirihaque on September 15, 2020, 05:55:57 PM
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit.
No doubts with such statement, as ETH really provide good run way back, your investment still got a good market value.
Quote
But recently its value is some what in down trend. Still my investment has 20% profit.
And that's normal as trends changing up, lots of investors who already gained decent profits are now cashing out.
It's your good judgement to do your call.
Quote
I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
Decision making with this kind of matter needs deeper understanding of how the market will proceed.
If you are long term holder types of investor you can continue holding, bounce back may take place
for the next following days or weeks.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 07:18:15 PM
#7
Quote from: azmirihaque on September 15, 2020, 05:55:57 PM
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit. But recently its value is some what in down trend. Still my investment has 20% profit. I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
ETH will have a big change this year, it will move from PoW to PoS, and when that happens the prize will bump, and i think that because people will need close to 32ETH for the staking. So, the holders will complete to that amount to start staking, and that means a lot of buy orders, that always end in a price bump. That's why i recommend you to hold them until ETH 2.0 comes to us.
And remember the ATH of ETH was a lil more to $1000 each coin, so, it's not even close to that price right now, maybe the next ATH will be up to $2k. Is about time.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 07:18:46 PM
#8
I would not suggest to sell because it is more of a buying time than selling because of few reasons especially due to eth 2.0 the ethereum is strongly placed to grow well. Secondly we all know we are sitting right at the start of parabolic bull wave so i will suggest to hold for 6 to 12 months for massive gains hopefully.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 07:55:38 PM
#9
Right now, it seems to me that the time of Bitcoin should come, and if I am right, then altcoins will fall in price for some time.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 08:54:21 PM
#10
Its good decision to sell your ETH. Because you are in profit (20%). If can make a choice hold 1 or 2 ETH for long time, not for daily trade. Rest of ETH sell and wait for dip. Also you can move others altcoins for trade, if you think it will take time to reach ETH dip.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 09:06:22 PM
#11
Quote from: azmirihaque on September 15, 2020, 05:55:57 PM
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit. But recently its value is some what in down trend. Still my investment has 20% profit. I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
It good you already have the knowledge to know that Ethereum is among the safe haven cryptocurrency in the market because safe haven coin is not measured through the rate the coin claimed on capital market.
With that been said, utility and good potential coin in the market are expected to follow the trend of Bitcoin and also make a new ATH which is yet to happen so if you decide to sell all your holding now you may miss the upcoming benefit and I will advise you to sell 50% of your ETH into stablecoin which youll also use to buy back when the price is down so you can make more profit and also dont miss out the upcoming benefit either.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 09:08:29 PM
#12
Whenever i have sold ethereum in the past i have regretted it and now when the overall trend is positive i think it is not wise to sell. If you can hold for few weeks i suggest you to sell not before the eth price hits previous highs.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 09:08:37 PM
#13
it's very hard on the classic market achieve these profit in a short period of time. I think it's could be a wise idea decide to exchange again in cash.
If you have a plan in the "long" term, like hold without trading there is a different scenario, but differentiate your portfolio is always a big advantage
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 09:14:06 PM
#14
The DeFi fenzy demand is still here and not going soon in my opinion. The demand is still here, you tell right by the transaction carried out on the network.
It also depends on Bitcoin, alts can not perform alone with Bitcoin correction. They tend to follow Bitcoin path, so in conclusion, sell if you know you are in profits.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 11:14:18 PM
#15
Just sell your ethereum and go out from the market. IMO if there was also a chance for ethereum to go up again as bitcoin was also showing the bullish trend at this moment too.
If you are feeling worry about that and this is the best time to for you to quit from the ethereum market and use your profit to invest in the legit project again.
Just try see if there was an opportunity in the market and then just quit from there.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 15, 2020, 11:48:04 PM
#16
Quote from: articlecity on September 15, 2020, 09:08:29 PM
Whenever i have sold ethereum in the past i have regretted it and now when the overall trend is positive i think it is not wise to sell. If you can hold for few weeks i suggest you to sell not before the eth price hits previous highs.
It's good to sell your ETH with 20% profits and that's already high but since the market is quite positive these past few days, there might be high chances that ethereum would break another ATH and end its price in its all time high. But the last decision would still be all yours.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 16, 2020, 01:43:08 AM
#17
Quote from: azmirihaque on September 15, 2020, 05:55:57 PM
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit. But recently its value is some what in down trend. Still my investment has 20% profit. I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
if you believe to ethereum future why you sell it now ? aren't we ever see ethereum price new price above $1000 in few years ago, i am believe in could repeated within in a year. moreover there is strong trigger for eth price in november, core developers planned to release eth 2.0 and i am sure price will moon due of this.
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 16, 2020, 02:16:20 AM
#18
Quote from: azmirihaque on September 15, 2020, 05:55:57 PM
As on of the best altcoins, Ethreum is my first choice to invest. I invested my larger amount on Ether expecting that I will get double profit. But recently its value is some what in down trend. Still my investment has 20% profit. I am in a puzzle, I should sell it now or hold for further profit. Can you suggest me please, whether it is my best time to sell or hold for future?
20% is already a good profit but if you sell your Ethereum now there is a big chance that it will not go down again you chance is slim to buy it back at a much lower price you will have to wait for another big drop, better sell a percentage of you Ethereum and wait for another all time high to sell again, especially now there is a big talk about version 2 that will push the price of Ethereum.
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asriloni
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 16, 2020, 02:34:39 AM
#19
you are already in the profit zone and I think it's better if you sell coins and then move into the potential coins.
Imagine when you are investing about 1k in the past and this time your investment have turned into the 1200 and you can take your $200 as your intial capital to invest in the legit project again and make it doubled.
I think that you should also try to decrease the risk of your money too but that depends on the result of your DYOR. It looks like ethereum is quite difficult to break $400 without a big news from the development progress.
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marilynmanson21
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Re: Is It The Best Time to Sell Ethereum (ETH)
September 16, 2020, 03:29:30 AM
#20
I suggest you to hold for it more longer. You know that 20% profit is already decent enough, but it is also depend on what is your target profit. Right now in my opinion it's showing an uptrend, as same as bitcoin since ethereum are following the uptrend of it. You can sell at any point and also buyback later after the correction happening, don't go all in but buy it for regularly.
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