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Author Topic: Should I hold Ethereum or sell it?  (Read 722 times)
Churchillvv
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August 07, 2024, 11:44:07 PM
 #41

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
This is exactly the feeling you would have but mate I would advise you not to sell. infact if your in the position to buy more I will prefer you buy more and hold them this is the last time in this year Ethereum will dip and if you hold for longer term you would be in the best profit.

Eth will grow for sure it's just FOMO that is your problem at this point but don't follow the crowd to sell but instead be amongst the few that will buy now.

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August 08, 2024, 07:55:44 AM
 #42

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
This is exactly the feeling you would have but mate I would advise you not to sell. infact if your in the position to buy more I will prefer you buy more and hold them this is the last time in this year Ethereum will dip and if you hold for longer term you would be in the best profit.

Eth will grow for sure it's just FOMO that is your problem at this point but don't follow the crowd to sell but instead be amongst the few that will buy now.

Yeah, those who follow the smart money and go against the crowd are those who will be fortunate to have a place under the sun. Which is, in our case, a good portfolio with green all around and a good mood from knowing that it's because of your own actions and analysis.

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August 08, 2024, 08:57:57 AM
 #43

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.

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betswift
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August 08, 2024, 09:07:55 AM
 #44

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.

You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.

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August 08, 2024, 04:08:05 PM
 #45

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
There is nothing to be weird about, mate. You need to understand that Ethereum is not like an ordinary coin it is the second largest Altcoins after Bitcoin. Indeed in the short term, Ethereum shows us a little bit of bearish sentiment because of the market dump, but to be honest it's a normal. Ethereum has great strength of potential and I am pretty sure that it will show up his boost in the new Bull run. So be strong..
 
In my opinion you need to stay strong and just HODL. Because the strong adoption of Ethereum is evidence that Ethereum will spike in the next bull run. While there is in next year have a high chance of Alt season. So beyond any doubt, Ethereum will skyrocket in price. So just hold a wait until the next bull run otherwise, if you sell it then in the next bull market you will be regret on it. Also try to accumulate Ethereum as much as possible.
 
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Baki202
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August 08, 2024, 04:31:27 PM
 #46

You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.

The market might be 50:50 but people that take risk are the takers and we need to understand that, everything in crypto generally is risk and when you risk that is when you will get a lot of opportunities because for the time have experienced in cryptocurrency their is a lot of opportunity to make use of is just left for us to actually understand and make use of that opportunity. If you want to because of the risk you don't want to invest then that fear will limit you of a lot of opportunities out there in crypto. And if it is about worrying about the dip then you will not invest also so if it is about the dip then it's an opportunity to buy and keep that period. And factors will always reflect of the market so let us, have this in mind and it is only those that are new that will worry about the market if not their is nothing new that as not happened before in cryptocurrency.

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August 08, 2024, 04:44:14 PM
 #47

Yes, the price of Ethereum is going to spike when the bull market starts. If you sell now, you might still blame yourself by the time you see the price spike to $4.5k. Investment in cryptocurrency requires patience and the right strategy. If you had only invested part of your capital initially at $3000 price, you would have had the opportunity to buy more now that the price is below $3k.
 Exactly you told appropriate when bull market will start then he will blame himself there has no doubt. We know up and down will be nataurally in cryptocurrenchy market. Now we are seeing crypto market is down but it can be turn anytime. We know some days ago Bitcoin halving has been happen, so it has some effect which we will see any time i think. So he bought ethereum $3000 it is not fact. He can follow DCA method now. When bull market will come then he will be huge profited.

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August 08, 2024, 06:24:16 PM
 #48

You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.

The market might be 50:50 but people that take risk are the takers and we need to understand that, everything in crypto generally is risk and when you risk that is when you will get a lot of opportunities because for the time have experienced in cryptocurrency their is a lot of opportunity to make use of is just left for us to actually understand and make use of that opportunity. If you want to because of the risk you don't want to invest then that fear will limit you of a lot of opportunities out there in crypto. And if it is about worrying about the dip then you will not invest also so if it is about the dip then it's an opportunity to buy and keep that period. And factors will always reflect of the market so let us, have this in mind and it is only those that are new that will worry about the market if not their is nothing new that as not happened before in cryptocurrency.

The course of action shouldn't change because of the tides, in my opinion. It should be reinforced instead.

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August 08, 2024, 06:45:00 PM
 #49

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Not only ETH but all other coins including Bitcoin have suddenly dropped in price. But it will recover again so don't sell at a loss if your financial backup is to meet daily expenses.  It has temporarily dumped a bit so don't panic after seeing them just hold patiently as the price of ETH is now much lower than your purchase price. ETH price has a huge possibility to hit $10k in future so you should hold patiently. patience is they key of success. so you should keep in your mind that hold is gold specially for Bitcoin and Ethereum
I do agree that it will recover, way too many people are thinking that it is going to do fine, and we should be considering the fact that it is going to take some time and that is why I believe that we are going to make some profit if we keep holding at times, and this is one of those days and I think it is going to do just fine, we could make that work if we just keep on holding it.

Right now it is way too low, ETH is low too, well to be fair everything is low right now because we just had a crash, mainly due to Japan, but also recession, well both combined. I think that was just a temporary thing and with time we are going to see it do well. Recovery is something we do very fast, so it should not be a big deal and we can do it very quickly.

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August 08, 2024, 07:55:27 PM
 #50

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
If you sell now it means you have decided to suffer a loss because you are selling below the purchase price, the decision is in your hands. But I say, be patient first, wait for the price to rise again or be slightly above the initial price you bought. That is if you are not in an urgent situation meaning you need fast funds

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August 08, 2024, 08:14:01 PM
 #51

If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.
You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.
I don't think it's 50/50 but it's healthy and the ups and downs in it are only normal. We can only say that the future is uncertain and there might still be a chance for cryptos to disappear one day for some reasons despite them being not-so-new already in the financial market. Cryptos are composed of different coins and this is where you should put your ratio since some or many of them are not performing well and there is a good chance for them to get de-listed one day. About the general market, I'm with those who said that the market will now recover and I think it did already happened. Trump and his involvement with BTC lately have said to also contribute with that.

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August 08, 2024, 09:18:03 PM
 #52

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Why will you buy ethereum for $3000 and sell it after your price has dropped to $2500? It doesn’t make any sense to me. The best thing to do is for you to hold and wait for it to bounce back. You are holding a very strong coin, and I'm sure when the market bounces back, it’s really going to recover quickly. The crash that happens doesn’t happen to only ethereum, you can see that every coin dumped, including bitcoin, so what I will recommend is that you should keep on holding, and if you have some money, then you can accumulate more of it and wait for the price to increase.
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August 08, 2024, 10:00:03 PM
 #53

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
Now them price of Ethereum has raised to $2600k; if you keep holding, it will bounce back because Bitcoin price is now recovering which I believe ETH will also recover as well.
You don’t have to rush if you wants to make profit in crypto space, once you are able to invest your money on any coin you trust through your research and findings, you need to just hold on and give it some years, you will be surprised with the profit you will have after some years.

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August 08, 2024, 10:59:43 PM
 #54


I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?


It does take time for you to hold it until the price really goes up, don't sell it, because there will be an opportunity to make a profit, because it is an opportunity that you should not miss, because the ethereum cryptocurrency stores the selling value, from the average short-term and long-term movements so that it provides a more negative estimate, because from the initial estimate, it shows that the cryptocurrency is now heading towards the next bullish cycle, and that is very promising for the opportunities ahead.

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August 09, 2024, 03:27:37 AM
 #55

ETH is weak because the outflow from the ETF is still ongoing and it's lessening but there's still outflow regardless, I personally hold ETH and it made up big percentage of my portfolio if i'm being honest, i'm not impressed at all with ETH performance, can't even hit ATH, it is far behind compared to solana, i'm also thinking of rotating my investment to more better performing coin if ETH finally get bback to $3000 again and I recover my losses.

I still believe that ETH can always recover back and maybe hit $3500 again eventually but at the time ETH did this, solana probably already getting big increase.
however maybe ETH is just following BTC routine like weeks of outflow after first ETF listing and once the outflow is significantly lessened things will start to get better.

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August 09, 2024, 05:15:16 AM
 #56

Ethereum is the best altcoin, and every time there is potential from an altcoin, then Ethereum has the first potential to increase. Personally, if I didn't have a need, and the money I was investing was money I was actually using specifically for investing, then I would continue to hold it. However, if you are afraid of losing more than that, and want to use the money, it might be better if you sell it. However, I still think about keeping it if you really use it for investment.

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August 09, 2024, 05:23:53 AM
 #57

If you don't what to do with your Ethereum and you cannot take much the pain for holding its because you are been stressed out due to current condition of this coin then I guess much better for you to do a cut loss to avoid experiencing more heavy stress. Since for sure you will never feel happy with slow result coming for now and maybe just think about your current loss as one of unwanted experience that you should learn from.

But if you can able to handle the stress and have other extra money to spend then much also better if you just hold it and let it sleep on your wallet while market is not doing any good. Since provably in future price would recover, but for now expect that ETH price would just play at current rate since market still in questionable condition which people don't know if we are going on a bearish or bullish season will follow up after the dump happened.
You are right! I would say that, in my opinion, the market is 50/50 on the sentiment of the future. Some think there would be a further dip because of the many factors we have in mind, others that we may go up from there because the dip already happened and bad news shaked us a bit. There shouldn't be any stress during the whole process, because it's the nature of the market to be volatile and change because of the factors we may not know before it's too late. We should strive to use the aftermath of such events for ourselves and improve, both technically and mentally.
I don't think it's 50/50 but it's healthy and the ups and downs in it are only normal. We can only say that the future is uncertain and there might still be a chance for cryptos to disappear one day for some reasons despite them being not-so-new already in the financial market. Cryptos are composed of different coins and this is where you should put your ratio since some or many of them are not performing well and there is a good chance for them to get de-listed one day. About the general market, I'm with those who said that the market will now recover and I think it did already happened. Trump and his involvement with BTC lately have said to also contribute with that.

I too think the market will continue to recover if no news like we had before occurs, however, I also believe that crypto won't disappear one day, because of the sheer volume it has nowadays in all of our lives. Especially for big hands and smart money.

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August 11, 2024, 05:49:58 AM
 #58

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

Well as you know the bullish price of Ether or any cryptocurrency is pretty difficult due to the natural volatility of the market. Many factors can affect whether the price of Ethereum can further increase. Market dynamics, including all sentiments, regulatory changes, and technological developments, play an important role in the crypto space. As I have read somewhere (forgot the exact post), Ethereum’s transition to Ethereum 2.0, aimed at increasing scalability and reducing energy consumption, could have a positive impact on its price if the upgrade is successful along with the regulatory environment that matters. Favorable regulation or increased institutional accreditation can raise prices, while restrictive policies can have the opposite effect. From what I know, prices increase due to investor sentiment and speculative trading following positive news or celebrity endorsements for example of this i think is memecoin. On the other hand, broader economic factors such as inflation and interest rates might have had a huge effect on the prices of cryptocurrencies because most of the investors or traders make use of technical analysis to foresee the movement of prices using historical data (tho this isn't always reliable in its ways because investments in cryptocurrency are very risky and volatile). It can't hurt to diversify your portfolio to stay on top of the market trends or buys bitcoin too if you have enough money. Plus points for consulting here with the community, that's a good start.

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August 11, 2024, 10:00:52 AM
 #59

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?
I think there is no need to worry because ethereum is a coin that is already trusted for a long time and if it fall it will rise again same with bitcoin and other top altcoins in the market just always remember that you will not going to loss if you dont sell at loss and holder always win based on the past price of ethereum.

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August 11, 2024, 10:08:43 AM
 #60

I hold some ethereum, but currently the price of ethereum coin has dropped a lot, I bought ethereum at $3000, now it's down to $2500. Is the price of Ethereum likely to increase?

Market conditions were not good again, a few weeks ago the crypto market plunged, Bitcoin's total almost touched $50,000, Don't sell Ethereum now, you will experience a loss of %.50, it's better to hold on until the price rises to $4000. In some reports, an altcoin season or bull run will occur this year, Ethereum and Bitcoin will peak at a new ATH, just wait for the market to start to improve.
I think it was a general thing, about days ago the market was down, and even Bitcoin experienced it's own share of the dip likewise every other coins that follows it's trend, it gave investors an opportunity to accumulate more coins to their portfolio and if the OP had bought more BTC or even ETH I think there won't be anything to worry about, Ethereum is the next coin to Bitcoin and why I like it is that it's beneficial to both long and short term investors and anyone Hodling it currently is on the right track since the price would definitely go high again. What I have to say to the OP is that he shouldn't be discouraged by the dip of the ETH he's holding on his portfolio but rather accumulate more at any given opportunity, ETH is not a pump and dump coin and since it's moving with the trend of Bitcoin he'll definitely recover his lose with time.


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