did I make mistake?

[lousie9]

now Bitcoin price has increased 17.5% in the last 7 days and now the price is $27,750.69, then BTC Domination is 70.9% with Market Cap amount $727,677,130,354, but Ethereum price is currently $644.61 and is down 1.44% from the last 7 days, so I bought Ethereum with all my money (money that I use specifically for investment), because I believe Ethereum price will soon increase very high (bull run) following Bitcoin price movement and of course I will get a very big profit from investing in Ethereum (my target for Ethereum price is $1100-$1400), because I believe if Bitcoin dominance decreases, then it will make the price of altcoin increases (including the price of Ethereum).

You are very lucky to be able to buy ETH for $ 644 and when compared to the current price of ETH, of course, you will have got a 2x profit from your first capital. not everyone can do that, I mean like I personally couldn't take advantage of the previous ETH market situation due to limited capital. maybe if I had the capital at that time it could be at least the same as you, got a lot of profit if I sold it at the current price.

[isaac_clarke22]

~

Your thread was created in December 2020, and now it's February 2021. Your target for ethereum when bitcoin is going up is $ 1400 but look now that ethereum has hit a price of $ 1700 this is something to be proud of for now. Ethereum's price is higher than your prediction. seems that bitcoin has had a success in influencing ethereum's price

I know right. It's kinda insane that we're gettign back again with Bitcoin as well back to 40k . I don't hold that much in Ethereum so "my ATH" doesn't apply to it just yet.
Bitcoin's really dominating right now and we're kinda eyeing on 50k.
Too soon? or too late? we never know.

[1l1l11ll1l]

looks like you didn't make a mistake if you saved your ETH until now.
but because the dominance of BTC decreases, many predict that altcoins will continue to rise as long as the domination of BTC is below 70%.
so it's a good opportunity to buy other altcoins too.

Currently, the dominance of bitcoin is getting stronger again if you check. The influence of Elon Musk is quite strong for the Crypto market. he is currently buying large amounts of Bitcoin. this could be a market game. myself since Elon Musk made a Tweet Doge increasingly convinced that the trend of rising prices on bitcoin will still continue. And now it is proven that the Bitcoin price has increased

Yes, he invested $1.5b. and that's a number big enough to make bitcoin dominance rise. I think maybe bitcoin will never drop below the $30k price level again. but of course, nobody knows about this. btw, congratulations to the OP who got a profit from his Ethereum investment, nice move

[budi12]

now Bitcoin price has increased 17.5% in the last 7 days and now the price is $27,750.69, then BTC Domination is 70.9% with Market Cap amount $727,677,130,354, but Ethereum price is currently $644.61 and is down 1.44% from the last 7 days, so I bought Ethereum with all my money (money that I use specifically for investment), because I believe Ethereum price will soon increase very high (bull run) following Bitcoin price movement and of course I will get a very big profit from investing in Ethereum (my target for Ethereum price is $1100-$1400), because I believe if Bitcoin dominance decreases, then it will make the price of altcoin increases (including the price of Ethereum).

Your mistake lies when you think that "when the price of bitcoin goes up, the price of the altcoin also goes up", that's where my thinking is wrong. because in crypto trading it cannot be guided by the movement of bitcoin because all altcoins have their own trends and movements. so my advice to invest in altcoins should not be guided by bitcoin but based on developmental information about altcoin itself.

[Henrobakkara]

Your mistake lies when you think that "when the price of bitcoin goes up, the price of the altcoin also goes up", that's where my thinking is wrong. because in crypto trading it cannot be guided by the movement of bitcoin because all altcoins have their own trends and movements. so my advice to invest in altcoins should not be guided by bitcoin but based on developmental information about altcoin itself.

I think he is right because altcoins will experience an increase in price if bitcoin continues to increase, look when bitcoin is experiencing a landslide, all the altcoins will experience it too. That's why all altcoins don't experience such an outrageous trend if bitcoin is doing well

[didzi]

now Bitcoin price has increased 17.5% in the last 7 days and now the price is $27,750.69, then BTC Domination is 70.9% with Market Cap amount $727,677,130,354, but Ethereum price is currently $644.61 and is down 1.44% from the last 7 days, so I bought Ethereum with all my money (money that I use specifically for investment), because I believe Ethereum price will soon increase very high (bull run) following Bitcoin price movement and of course I will get a very big profit from investing in Ethereum (my target for Ethereum price is $1100-$1400), because I believe if Bitcoin dominance decreases, then it will make the price of altcoin increases (including the price of Ethereum).

now you can see the result by moving all your money to ethereum, because you already make more than x3 by buying ethereum at $644
but, i think we need to split our money, not only investing in one asset mate

[Mpamaegbu]

so far you were right for sure ethereum run like crazy

He still would've been right if he had stayed with Bitcoin too. Bitcoin blew past $57k like it was nothing, doing more than double at the point the OP asked that question. However, I am sure if they had invested the same amount in BNB it would've given a better ROI with the way it went to over $330. I'm just saying, anyway.

[Congyang]

the concept is when the price of bitcoin increases why does ethereum go down? what I know is that in crypto there are more exchanges of ETH / BTC or BTC / ETH, maybe this is the reason ETH owners are selling temporarily switching to bitcoin because of the large profits. So it seems like this is happening because of that a lot of people are selling ETH and temporarily switching to bitcoin. after that they will return to ethereum when ethereum is low and they get high profits in bitcoin.

[speedforce]

You didnt do anything wrong mate, but dont be greedy and take your profits if you feel enough.
Because market can go to opposite directions so fast, and there will be many people who did mistake.

[bekti3]

I don't think so, if you believe in that and if you have determined your target I think this is the right decision.
although now it is not good when viewed from the market but your decision is good considering this is a good decision if you invest there. it would be better if you add your load now (if you still have funds) because now it's a big discount after that you just have to wait for your target because I'm sure your target will be achieved

[Digital_Lord]

You did the right decision. I think you have sold your Ethereum because your target was 1000-1100$. Now the price of Ethereum approximately 1900$. It was 2500$ a week ago. If you are still holding then I will suggest you hold it until 4k$. There are many lucky users who bought at the price of 600-700$ and sell 2000$ or may be at 4000$.

[iTradeChips]

There is really no wrong or right decision in crypto. All you have are decisions, and I think that if you were able to make such a good profit out of you investment then you have the right decision. Everything a person has to do if he is going to invest his money in cryptocurrency, is really to do his best to learn the system and study the process, make initial investment mistakes and then learn from these mistakes. It makes you a better investor. Also you have to choose a cryptocurrency and support it all the way.

[dimox]

nope, you are good to place your fund. when the price some coin down, just take it because someday that coin will raise and oass the price before.
what people need is brave to take decision. sometime, we know if it red and that coin hit the bottom line, but we never buy.
never thing about the bottome line, just take when the price red is good enough

[ElectricAR15]

wow, bitcoin had 70% dominance when this post started
never again.............

[jahepahit]

if you took profit from the trades you made and didnt fomo to buy at high, then at this time you would be waiting to buy back lower ad wait for more profits. taking profit cannot be overemphazised without greed.

[LordMiguel]

if only you can check back to see the huge change in your investment. you need o learn the lesson of investment especially in crypto currency. you need to see the long term side of crypto. the possibilty of your investment to change your life within months is high. i can only regret selling off all my token and not when i sold half, use the money to invest and buy more token. i think that is better for me.

[Coroline]

now Bitcoin price has increased 17.5% in the last 7 days and now the price is $27,750.69, then BTC Domination is 70.9% with Market Cap amount $727,677,130,354, but Ethereum price is currently $644.61 and is down 1.44% from the last 7 days, so I bought Ethereum with all my money (money that I use specifically for investment), because I believe Ethereum price will soon increase very high (bull run) following Bitcoin price movement and of course I will get a very big profit from investing in Ethereum (my target for Ethereum price is $1100-$1400), because I believe if Bitcoin dominance decreases, then it will make the price of altcoin increases (including the price of Ethereum).

do you still hold Ethereum to this day or have you sold it at ATH in april?, when the OP made this post really irrelevant for now. "Are you really sorry for your decision or are you proud of your decision?"

If you haven't sold it by now, the value of your investment has tripled, you bought around $600 while the current price of ethereum is around $1800, this is very profitable and exciting.

[Ararbermas]

You did the right decision. I think you have sold your Ethereum because your target was 1000-1100$. Now the price of Ethereum approximately 1900$. It was 2500$ a week ago. If you are still holding then I will suggest you hold it until 4k$. There are many lucky users who bought at the price of 600-700$ and sell 2000$ or may be at 4000$.

maybe OP exceed and expecting more profits that why he miss to sell off and ending up being stuck because its now turn to red.. Indeed if the target price is 1k and you achieve it then it's enough wherein instead of taking advantage the situation because it's still growing.. Actually thats like a trap if you don't sell off,, what i mean you will literally stuck up because when crypto currency breaks an ATH it will fluctuate without any sign because some holders has tend to dump when they all have enough profits.. So its always good too dump as well than exceeding because you don't know what will happen next while the growth rate still growing..

[KryptoKings]

looking very well you knew what you were doing as your instinct have accepted to invest on what you could only afford to loose. if you may regret then today is a very good day for ETH moreover at the peak price, this have really put smiles on your face so i love your courage!

[BayAngelo]

if only you can come back to this post to check the current price. i always tell people that no matter what happen in this crypto stuffs. as long as you did not sell your token. you are in for the long term. hold your token and hold hard. do not sell. then you will reap the reward in the future to come. it is a matter time and your patience. do not panick sell.