It depends on what you have invested in. I have done vast amounts of research to understand that currently Ethereum is doing very well (even with plunging this week) it is still a currency which is performing fantastically. Therefore after making previous mistakes in selling when there has been a dip in the market I will not do so, meaning I will reap the benefits later. Currently Ethereum is on the rise, which I was expecting and hence I am happy with my decision.
From its top it has been going straight down for the last month. If you had sold earlier and still believed in it, you could buy back in later when it still goes more down and reap more benefits if they are to come.
I get what you mean now and yes you are completely correct, just to clarify my position I bought at a high point, which was a short term mistake, but I am holding onto it because I believe it will go back up. I don't have the knowledge, time or programmes to day trade too, but thank you for the advice.
At what prize? Its just going straight down. :/
It depends on what you have invested in. I have done vast amounts of research to understand that currently Ethereum is doing very well (even with plunging this week) it is still a currency which is performing fantastically. Therefore after making previous mistakes in selling when there has been a dip in the market I will not do so, meaning I will reap the benefits later. Currently Ethereum is on the rise, which I was expecting and hence I am happy with my decision.
From its top it has been going straight down for the last month. If you had sold earlier and still believed in it, you could buy back in later when it still goes more down and reap more benefits if they are to come.
I get what you mean now and yes you are completely correct, just to clarify my position I bought at a high point, which was a short term mistake, but I am holding onto it because I believe it will go back up. I don't have the knowledge, time or programmes to day trade too, but thank you for the advice.