After reading some ETH bullish posts in like a week ago, I learned that because of EOS announcement at that time, the price is projected to reach 1,000$ for this year and even 500$ during the summer. In response, I bought some ether fractions at 340 and 396 dollars.
However, we've witnessed a bloodbath yesterday and ETH since yesterday seems to follow a gentle downtrend.
With that, is it advisable to sell my ETH?
I've been thinking about selling my ETH 'cos even the public trial hasn't started yet. This means that there's still room for a huge ETH price drop in at least 2 weeks (public trial will last 2 weeks). It would also make sense to be in favor of a price drop to make room for price hike during EOS token distribution.
To add to that, I've also discovered that recent price hikes were due to the Puttin and Butterin meeting and Bancor ICO, and not by EOS alone.
I've also been seeing videos from traders lately with advices to sell ETH. Their basis were the incomplete technology and that PoS won't happen soon.
Right now I'm starting to think of really selling all my ETH. I have around half ETH in total but that's already big for me 'cos I'm a newbie trader, and notably an amateur. But before I push the button, maybe I'll wait for a few last minute notes.
Hi happy-doge,
When do you think we're going to see the flippening? Win 10 STEEM :) my link below:
https://steemit.com/ethereum/@steemthenews/the-flippening-is-comming-let-s-predict-the-flippening-date-and-win-10-steem
Ride it out, its a long play. Hold on for a couple years is my .02 I started at 5.16 and watched my friends sell HUNDREDS of coins when it dipped from 20 down to $14. they would have TONS of $ now, one sold for 8300$ and would have 300k now............again just my .02
Thanks @ehereumkang. I'll consider your advice but I'll also put into consideration the very fast innovation going on right now in crypto and the seemingly insufficient rate of crypto overall market cap increase.
ETH is getting worse with every ICO. And here's why.
Thanks @samwara. There have been some buzz going on with the recent ICO results that's why I've been quite bearish lately. I have also bought them at relatively higher prices so I'm worried.
Do NOT sell. Today is simply a market correction, which is normal. It'll bounce back above $400 in a week at the soonest. R-E-L-A-X
Thanks @ryanrude. How about I sell the 396 dollar today and buy it back at above 400? I can't take a sudden dip.
Appreciate the sarcasm. This is the dip I was talking about
That was only a suggestion. I didn't sell. I really hope that it gets back up.
I have now withdrawn all my ETH 'cos I'm already at 17% loss. You should do too. It will go down and it should, man.
Who knows ... we don't know what the future holds, invest in several cryptos. 🙌🏼
Thanks @stacking. Unfortunately, I only have limited funds that transaction costs would be a huge decrease to my small money allocated to crypto. But I'll definitely diversify once I have more money :)