Ethereum suffered a massive decline in price these past few weeks. If this was any other currency or stock, I'd be out in time and short-selling now to nail it to the ground, but it's not just a cryptocurrency, it's Web 3.0. Dot-com websites like Amazon, Alibaba and Facebook made over the world wide web are now worth billions and if you think history is repeating itself, you're damn right.
Look at the price of the domain name above. Newyork.eth was sold for $131,825 and this isn't just one domain. Hundreds and thousands of similar domains have been registered already. Businesses worldwide have started using applications and software based on Ethereum. It's not just a currency, it's a new world.
Top investors on websites like eToro are holding on to their Ethereum investments when they could easily have closed their positions before the drop in price. In fact, most of them are holding on to Ethereum even with losses while they have thousands of dollars of investors money in Ethereum Buy Positions. This goes on to show the faith people have in Ethereum. It is a great project, one which is very likely to surpass the value of Bitcoin any time in future.
So, let me sum up my advice in two words: Buy and Hold.
Good advice and nice post.
Thank you
Those advice are pretty useful thanks a lot for sharing and keep on posting ;)
Thank you. I will
Buy and Hold is key right now as the ICO selloffs clear out of the market and the short term traders clear their profits as well. Look for ETH to target around 275....if it breaks through that barrier we are well on our way to 320
You're right. In the meantime we're just happy to buy at a lower price again! ;)
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STOPAppreciate it.