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Brushless4500KV

My problem with Ethereum. What is your suggestion in this trading situation?

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If there was a problem, I would recommend trading in other cryptocurrencies. For example ltc, xrp, tron, btc. Without wasting time.

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Hello! i am advising you just to be patience, hold your ethereum, forget about him for a time, if you dont want to loose your money

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I think it is better to wait for the price of ETH to rise, we know that this cryptocurrency has good liquidity and a good project that supports it, so it is just a matter of waiting.  Additionally, I consider that alternative currencies to Bitcoin vary in price when BTC does, if BTC goes down, the others also, although not by the same percentage, the same happens when the price goes up.

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If you continue to hold Ethereum, you must now have gained more than 75% because the price of Ethereum is now approaching $ 450, since you know very well that Ethereum is a strong and promising project and it is considered the most used network for decentralized applications, so you must hold in order to get a good profit .

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Now eth going very good position you save your eth still now you give more then profit your thinking but same as paitence is most important.

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Always losing trades. Better to convert them into a holding balance. Never sell strong currencies like Ethereum at a loss. Because a currency like Ether has a huge project and a great demand, it cannot remain at a lower level. Great success awaits Ether in the future.

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There is no problem with the currency, but when the price of Bitcoin rises, all other currencies automatically decrease in price because the financial liquidity is directed towards Bitcoin only, I advise you to wait for more time until the price rises again.

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Indeed, from January to June 2020, the price of ETH did not increase significantly, which made ETH holders feel pessimistic about this coin. However, from August to October the price of ETH has increased quite significantly. so it became an experience for us that we don't have to panic and sell it but if we hold it for a few months then we will make quite a lot of money, Panic sometimes makes us rush to sell it so we don't think so in a few months the coins we hold will go up .

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On 5/18/2020 at 4:34 PM, Brushless4500KV said:

I disagree with the statement that altcoins are directly following bitcoin because BTC has recovered 95% of its value but ETH is far behind its previous position at $269. I

I think this is not a rule, but a general altcoin habit (with exception of course) but the recovering process depends on many factor, not only on btc recovering, it may influenced by the trading volume and the supply/demand law, it may impacted by some whales manipulations, and it may influenced also by the events and news having relation with its ntwork

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@Brushless4500KV Only you know whats best for your account. I dont mean to be sarcastic either. What you might want to do is liquidate 50% of your contracts your holding. Then keep the rest to see what happens. That way you are compensating your loses. The same as when your in a winning trade. Get rid of 50% of your trade, lock in some profits & let the remainder run. Always use a stop loss. Also use a take profit if you cant manage your trade.

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@Brushless4500KVI think it's better to still hold on to it because if you observe duely you will see that the these kind of situation also happened to bitcoin and as at the time of writing these bitcoin is already headed to $19.6. 

It's just a correction phase and what usually follows after us a market boom

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On 5/18/2020 at 7:34 PM, Brushless4500KV said:

Before the market crashed last month, I was day trading with ETH and had some short transactions. In the first one, I bought it at $264 and sold it at $265. In the second one, I purchased some ETH at $268 but refused to sell when it rose to $269 because I thought $270 is easily possible if I wait a few hours later. After that the whole market collapsed and ETH reached $160! I didn't panic and held it until today. I disagree with the statement that altcoins are directly following bitcoin because BTC has recovered 95% of its value but ETH is far behind its previous position at $269. I am still holding to unlock my capital from ETH but I don't know how long should I wait for this to happen. Why ETH doesn't rise with bitcoin? Is there any problem with this coin? I was thinking about selling my ETH and converting it to bitcoin to compensate losses through trading. Is it a better solution than HODL?

There is no solution except hodl. Because if you are in cryptocurrencies world and you invested in top 10 and you are in loss so wait for profit.

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15 hours ago, Froshk said:

@Brushless4500KVI think it's better to still hold on to it because if you observe duely you will see that the these kind of situation also happened to bitcoin and as at the time of writing these bitcoin is already headed to $19.6. 

It's just a correction phase and what usually follows after us a market boom

Thanks for your suggestion. I have already sold my ETH and invested in BTC. I have traded with both of them but I have to say that BTC is far superior and it is much stronger in terms of recovery. ETH becomes moody sometimes and when it falls it kills me to rise again. During this time, BTC has lots of price changes. So, I decided to shift to BTC and stay away from altcoins for a while until BTC becomes stabilized.

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Bitcoin is the father of all coins, it came into existence first before other coins, we can't compare the value and price of Bitcoin to that of Ethereum, they can never be the same because Bitcoin price would always be above other coins, although after Bitcoin, Ethereum is the highest in price compared to other coins,  we should always be updated about the market prices and situation of all the coins from time to time in order to protect our investment from running loss. Meanwhile the best time to buy a coin is when the price falls, buying a coin when the price has risen could lead to a huge loss rather than earning profit.

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I agree with you, there are currencies at the time of the low price of Bitcoin, which are high in price and vice versa, and there are currencies that are affected by the price of Bitcoin

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The problem you are facing is that you do not prepare the trading plan and do not enter into the contract before entering the trading. You must specify the point of entry, the point of departure and the point of loss and never change the feeling so as not to affect you. 

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I would recommend you trading in other cryptocurrencies alternative currencies to Bitcoin, and you should wait and just to be patience

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