**ETHEREUM CRASH- Don't panic! It's all a matter of perspective!**
Don't let the recent drop in Ethereum, Bitcoin, Litecoin and most other crypto currencies today make you panic. Take a look at the charts below. It's all a matter of perspective!
Let's look at Ethereum
Here is the 1 day chart:
-18.53% Well that does look bad from this view.
How about the 1 week chart:
-28.06% Ouch that looks worse.
Okay how about the 1 month chart:
Wow, +68.34% in a month! Outstanding!
and finally the 1 year chart:
+2060.18%That's incredible!
Markets go up and down, but look at the bigger picture here. If you bought Ethereum one month, six months or a year ago you are still massively up! It can be a challenge, but try not to panic on drops like this.
The blockchain technology is still in the very early stages! If you believe in this technology and how it is and will change our world when it goes more mainstream then I suggest you don't panic sell.
The markets will be choppy, but I'm not selling anything! I am adding to my cryptos!
If you are day trading cryptos then you would have a different perspective than me. But if you are like me and buying and holding you have to ask yourself do you think these prices will be higher or lower 1 year from today?
I have my answer! When buying stocks some famous investors say the time to buy is when "there's blood in the streets". I haven't heard them say that is the time to sell!
However, as a disclaimer my opinion is not meant to be investing advice. I only want to remind people to look at the big picture perspective and to decide for yourself!
When you mix emotions and money it can be easy to make decisions that you regret later!
Thank you for reading!
When u look at it like that, its not so bad...
I agree!
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Thanks for the perspective. I was sweating the Ethereum price this morning as I bought some last week. But I'll be damned if I'm selling at a loss now. I'm content to wait and see where things go in a few days or even a few months. I'm taking the long-term point of view! :-)
You're welcome. I'm with you holding strong!
Nice topic
Thanks, mahmoudh!
Unfortunately Coinbase was up to their regular horseshit again. I was trying to buy and keeping an eye on it. They shut down til it just came back up at a price of around 280. I'm getting a little tired of coinbase. Anyone else?
I got 4 eth. 2 @ about 350 and 2 at a little under 300.
I still think it's going back up but i don't know whether to wait or not. 280(plus fees) is not bad.
EDIT:
Got one more at 272 plus fee.
I think you'll be fine!
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STOPGood points in this article. Good to see I'm not the only one who thinks like this. Though prices might seam inflated for now I don't think they will look like this 2, 3 years from now. I really advice people to take a look at: https://www.coincheckup.com This site is really helpful in my coin research. I don't know any other sites with so much indepth analysis. On: https://www.coincheckup.com/coins/Ethereum#analysis To watch Ethereum Investment research report.
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