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Author Topic: ETH sheep, buy now?  (Read 1574 times)
iTradeChips
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June 15, 2021, 03:26:56 PM
 #81

Many are aiming for the top 10 cryptos to be invested with, I really think this is the right thing and ETH is in 2nd spot in the crypto ranking if you want to invest for the long term then Aim for the top decentralized coins and stay away from centralized one or Stablecoins, because they aren't really changing their value that much, but if your looking for a thrill or risk in your investments then invest with new coins mostly the popular one are running under Binance Smart Chain.

I have checked on many tokens under the BSC like Pancakeswap token and others. Man, that is serious competition to Ethereum. Nevertheless, ETH's dominance would still prevail. The events the past few weeks gave people the opportunity to buy Ethereum at a lower price than that during the all time high that happened to Bitcoin. Obviously many of us here would still prefer Ethereum over Binance. But of course, for the price conscious, they would pick Binance over ETH.

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June 15, 2021, 03:37:57 PM
 #82

If your plan is to hold Ethereum for  a long term then buy now as soon as possible because ETH value is now moving upward but you can still buy because Ethereum value will continue to increase in the near future. Much better to invest now than regret later.

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June 15, 2021, 04:03:11 PM
 #83

Hi Smiley I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip?


I sure hope you never became a sheep and waited it out a little so be able to buy ethereum last weekend or at least today. Because man, the prices right now are so cheap(not that I recommend ethereum right now but at least it is better than buying on a peak). The market has had a few corrections this past week and I think that the bears got tired and are being taken over already by the bulls. Great consolidation is happening and sooner or later the price is bound to go up. This is a great opportunity so even if you bought already and are currently at a loss, you better buy more now. Go for long and ignore the minor corrections. This year will be fruitful so be patient and hodl.
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June 15, 2021, 04:28:23 PM
 #84

Every coin has a good opportunity, but we can't wait with USDT to invest. But all the time I have an opportunity to invest in some altcoins. Now is the another opportunity for Ethereum investment, but we can switch from another altcoins. Top altcoins investment opportunities at a time, but others' altcoins investment all the time. Now OP can buy Ethereum then switch to another low price top altcoins.
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June 15, 2021, 07:01:52 PM
 #85

I sure hope you never became a sheep and waited it out a little so be able to buy ethereum last weekend or at least today. Because man, the prices right now are so cheap(not that I recommend ethereum right now but at least it is better than buying on a peak). The market has had a few corrections this past week and I think that the bears got tired and are being taken over already by the bulls. Great consolidation is happening and sooner or later the price is bound to go up. This is a great opportunity so even if you bought already and are currently at a loss, you better buy more now. Go for long and ignore the minor corrections. This year will be fruitful so be patient and hodl.
I understand that when we are looking at it from today's perspective it was a wrong move to buy something last month because everything went low, but how could you have known that it would be a peak before it was? I mean 1.5k was peak point and it went up, 2k was peak point and it went up 2.5k was peak and it went up, now it is around those levels. So basically you could have made some serious profit if you bought at the peak of that period, but if you bought at anything over 3k you lost money, so why would I think that one condition of peak resulting in loss could negate all the profit that some other peaks created? That is what I do not understand.

If everybody said "wow it is 2k, it is peak, we should not buy at this price" then we couldn't have seen 3k+ prices at all, people took charge and bought at the highest ever price (called ATH) so that we could have even more, we actually had more than double of the previous ATH, just thanks to people who were willing to buy at peak.

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June 15, 2021, 07:25:41 PM
 #86

Yes, you have to wait until ETH really goes down because many people have been stuck trading just because they immediately bought at the top price, so don't be too hasty to buy something and if you feel bored waiting, then better look at other Altcoins first while waiting for ETH to drop in price.

If you want more profit, you really have to wait for it to really go down, and I agree with your suggestion that it's better to look for other cheaper altcoin alternatives while waiting for the right time to buy ETH.
Ethereum is probably not going to go any lower than its current price so you have two options, to buy it now anyway or to buy other coins and I am not so sure if it is such a good option to buy other coins that have lower markets caps, I know the potential growth on those coins is higher but are you really willing to take a risk with a coin that can go down in value so quickly compared to what we see in the rest of the market? Because I know that I will not be willing to take such a risk.

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June 15, 2021, 07:35:59 PM
 #87

If your plan is to hold Ethereum for  a long term then buy now as soon as possible because ETH value is now moving upward but you can still buy because Ethereum value will continue to increase in the near future. Much better to invest now than regret later.
True, the overall price of Ethereum at the moment is still very suitable to be bought and held for a certain period of time because Ethereum always recovers faster and moves up when the cryptocurrency market conditions have started to improve in general.

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June 15, 2021, 07:51:03 PM
 #88

If your plan is to hold Ethereum for  a long term then buy now as soon as possible because ETH value is now moving upward but you can still buy because Ethereum value will continue to increase in the near future. Much better to invest now than regret later.
True, the overall price of Ethereum at the moment is still very suitable to be bought and held for a certain period of time because Ethereum always recovers faster and moves up when the cryptocurrency market conditions have started to improve in general.

If you compare it to its all time high then yes, it looks like it is cheap. But from an objective perspective it is difficult to tell what Ethereum now is. There are the delays for technical improvements. I think Vitalik now said it will be the end of 2022 before the new updates can be rolled out.

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June 15, 2021, 10:14:59 PM
 #89

If you compare it to its all time high then yes, it looks like it is cheap. But from an objective perspective it is difficult to tell what Ethereum now is. There are the delays for technical improvements. I think Vitalik now said it will be the end of 2022 before the new updates can be rolled out.
Price comparison is not really necessary but everyone needs to know for their own personal reference, so that everyone can know at what number the last ATH has been achieved by Ethereum this year, because everything that has passed will always be a very valuable history.

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June 15, 2021, 10:15:59 PM
 #90

Hi Smiley I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip?

Everyone thinks the same as you, but if we wait for the price to lower as the pump continues, this is very hard to come by. I think we are just following market movements, or short term trades.
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June 16, 2021, 01:45:00 PM
 #91

Hi Smiley I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip?
If you want to get experience from market my suggestion you can try to invest a small amount then you can get actual experience.
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June 16, 2021, 02:02:42 PM
 #92

I am looking to invest $10 000 in crypto. Is it good time now to buy ETH or should I look for some other coin?
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June 16, 2021, 02:16:33 PM
 #93

I am looking to invest $10 000 in crypto. Is it good time now to buy ETH or should I look for some other coin?

If you are looking to buy and hold for long term buying it now is not a bad idea aslo because nobody knows what will be the situation of the market in the next coming weeks and months, most people still believe the bull run not over yet, be it as it may, eth is a long term project, whether bull run is ending or not should not be a big deal, the future goal is what counts.

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June 16, 2021, 03:14:27 PM
 #94

Good concept for profit increase. For ETH I myself have never had any doubts. if you can buy at the lowest price during the current correction you are very lucky. One thing you need to know is that market prices go up and down, it's normal, meaning that every coin/token goes up there's a time to go down too.

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June 16, 2021, 03:27:42 PM
 #95

Good concept for profit increase. For ETH I myself have never had any doubts. if you can buy at the lowest price during the current correction you are very lucky. One thing you need to know is that market prices go up and down, it's normal, meaning that every coin/token goes up there's a time to go down too.
how can you determine the lowest price of the current correction? Even at the current price some of the investors are also thinking not to buy now because of the initial price considerations before the pump. it means there is a concern for a deeper correction.
it is very difficult to determine the best buy price for ETH. but if you look at the long-term progress of course buying now will not lose even though there is a deep correction. it all depends on how mental and patient.
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June 16, 2021, 03:37:27 PM
 #96

I am looking to invest $10 000 in crypto. Is it good time now to buy ETH or should I look for some other coin?

If you are looking to buy and hold for long term buying it now is not a bad idea aslo because nobody knows what will be the situation of the market in the next coming weeks and months, most people still believe the bull run not over yet, be it as it may, eth is a long term project, whether bull run is ending or not should not be a big deal, the future goal is what counts.

Yes I am looking to buy and hold for a long term. Thanks for your suggestion. I have heard also that eth is long term project, but wanted to ask here aswell before my invest. I am still new on this and dont want to rush with these things.
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June 16, 2021, 05:08:54 PM
 #97

Hi Smiley I'm new to the crypto space. I'm looking at the ETH graph and I'm unsure if I should buy now. But its at an all time high, and I was taught to buy low sell high. I really don't want to be a sheep, but what if the price keeps going up? Should I just wait for it to go down and just buy the dip?
Actually the market is quite down right now and it could be a good opportunity to buy ETH. Since bitcoin is the price setter of almost every altcoin in the market, considering the dip it is currently experiencing affects all the other altcoins. If you're still too afraid, you can wait for a bit and monitor the price movement for ETH but I would advice that you check out on other altcoin as well so that you can diversify your investment which can later on lead to higher profits from your investment. You can also try taking a little risk by investing an ample amount of your savings and check out if it would work out for ETH.
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June 16, 2021, 05:17:20 PM
 #98

You see my dear there is this  abbreviations which is called "fomo" this simply means fear of missing out, if you see a coin pumping and it has already pumped so high it's better your wait for price to retrace then you buy, but the fear of missing out will always push you to buy at a higher price which will in return will make you to panick sell when there is a correction in the market price, so it's better you learn how to control your emotions and also don't allow fomo to push you into taking wrong decisions.

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June 16, 2021, 05:57:22 PM
 #99

You see my dear there is this  abbreviations which is called "fomo" this simply means fear of missing out, if you see a coin pumping and it has already pumped so high it's better your wait for price to retrace then you buy, but the fear of missing out will always push you to buy at a higher price which will in return will make you to panick sell when there is a correction in the market price, so it's better you learn how to control your emotions and also don't allow fomo to push you into taking wrong decisions.

Well, sometimes. And sometimes the coin continues to pump even higher. Take Dogecoin, for example. It was hard to predict that it would have reached a price of over $0.70 per coin after the initial jump.
I agree with you, however, it is rarely a wise decision to invest in FOMO.

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June 16, 2021, 06:25:35 PM
 #100

You see my dear there is this  abbreviations which is called "fomo" this simply means fear of missing out, if you see a coin pumping and it has already pumped so high it's better your wait for price to retrace then you buy, but the fear of missing out will always push you to buy at a higher price which will in return will make you to panick sell when there is a correction in the market price, so it's better you learn how to control your emotions and also don't allow fomo to push you into taking wrong decisions.

Well, sometimes. And sometimes the coin continues to pump even higher. Take Dogecoin, for example. It was hard to predict that it would have reached a price of over $0.70 per coin after the initial jump.
I agree with you, however, it is rarely a wise decision to invest in FOMO.

not unwise anymore, but if possible don't buy coins when FOMO happens, see, if you bought DOGE for $0.7, and now you still hold?,
of course you will lose a lot of your moneybut if you buy it now ETH for example, yes because this is the time to buy, then I say Buy now!,
Ethereum price is still cheap, and hold until next year

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