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

[Brushless4500KV 4214]

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?

[bitcoinb 1359]

@Brushless4500KV  When we say that Altcoins follows BTC that doesn't mean "same price fluctuations", that simply give the direction (increase or decrease). Currently, we are talking about the transition to Ethereum 2.0 and proof-of-stake consensus. I strongly suggest you to HODL your Ethereum for months... I also suggest you to use your earnings from here to start again day trading.

Do not sell your ETH under $270.

[Brushless4500KV 4214]

12 minutes ago, bitcoinb said:

@Brushless4500KV  When we say that Altcoins follows BTC that doesn't mean "same price fluctuations", that simply give the direction (increase or decrease). Currently, we are talking about the transition to Ethereum 2.0 and proof-of-stake consensus. I strongly suggest you to HODL your Ethereum for months... I also suggest you to use your earnings from here to start again day trading.

Do not sell your ETH under $270.

I'm currently holding my ETH firmly but my main question is that which one is better? Holding ETH for months in hope of a big rise (due to ETH 2.0) or day trading with the money that is gained from selling ETH? I want to know which one overtakes the other. I'm a patient holder but I want to choose the best route for earning. Time is very vital for me. I may earn a fortune if I hold my ETH but there is no guarantee that months later, ETH 2.0 will affect the value of ETH 1.0 because it will attract all attentions to itself and may even affect ETH 1.0 negatively.

[scorpiali 5626]

In your place with the rice that i buy ethereum i will wait for a long time if you convert your eth to bitcoin you will lose to much value of your capital,I dont know where you bought your ethereum with 270 dollars the price dont reach this price form the last year 

[Honny143 13612]

I know you feels panic situation bro and you confused what happen next, ETH regain prices in short term are long term in my suggestion don't sell ETH in low prices, because bitcoin halving also complete and wait when bitcoin pump up then ETH also rise up and you earn good profit just patience mate.

[magd 5231]

Ethereum price last year was very good for the price we observe today, but nevertheless this cryptocurrency remains with a large trading ratio and you will probably achieve good profits if you store this currency and wait until the new upgrade is launched during the coming period

Edited May 22, 2020 by magd

[koussai999 1986]

The reason for the problem you are facing is that you do not prepare the trading plan and enter the deal before entering the trading. You must specify the entry point, exit point and stop loss point and never change that in order not to let the feelings affect you.

[Saj555 2250]

Some cryptocurrencies always follow the prices of bitcoins. But that doesn't mean they also fluctuate as the price of bitcoins do. The bitcoin price is high in demand because ut is limited in numbers and a lot of people trade with it. But etheruem is a good altcoin. The prices seem to be growing always  for those coins also. The eth will be in a good position in the upcoming days.  

[iloveyobit 6599]

This depends on your capital and the size of the loss you got. I advise you to sell half of the quantity and buy it from below, or also to trade with it in other currencies and recover the loss.

[jamesvince 2389]

Oh you made wrong decision because at that time when you bought you must sold your holding of eth because on that day btc and eth was over bought zone so that is indicated for us cautious about take buying trade so keeps lesson for hour self next time. 

[guatazoo 7150]

On 5/18/2020 at 5:34 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?

If you were trading the ethereum at the small change like that, you should trade at least with more than 10 ethereum in order to get profited $10 per every trade. 

[Brushless4500KV 4214]

12 minutes ago, guatazoo said:

If you were trading the ethereum at the small change like that, you should trade at least with more than 10 ethereum in order to get profited $10 per every trade. 

I didn't understand your point. Did you mean I had to buy more Ethereum to make more profit? At that time, I couldn't afford to buy more than $50 worth of ETH and that's what I did because I'm a conservative trader. I was not seeking $10 per day with ethereum! This requires more than $500 purchase! I'm just angry about the behavior of ETH because it doesn't rise with bitcoin but it fell heavily with bitcoin! Today, ETH rose to $234 but it is still much less than my target value of $270!

[George10 9932]

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

I was thinking about selling my ETH and converting it to bitcoin to compensate losses through trading. Is it a better solution than HODL?

I'm only a bitcoin holder but I think holding ETH in a long-term investment can be profitable because it's price might rise in value in the near future but converting it to bitcoin is also a good idea to recover some losses since bitcoin price is more volatile than etherum.

[guatazoo 7150]

20 hours ago, Brushless4500KV said:

I didn't understand your point. Did you mean I had to buy more Ethereum to make more profit? At that time, I couldn't afford to buy more than $50 worth of ETH and that's what I did because I'm a conservative trader. I was not seeking $10 per day with ethereum! This requires more than $500 purchase! I'm just angry about the behavior of ETH because it doesn't rise with bitcoin but it fell heavily with bitcoin! Today, ETH rose to $234 but it is still much less than my target value of $270!

But all is right, if you see you are getting profited from your trading style its OK, although I think the kind of trading thats you are doing required very much patients.

[Yomose 3704]

15 hours ago, guatazoo said:

But all is right, if you see you are getting profited from your trading style its OK, although I think the kind of trading thats you are doing required very much patients.

The type of trading is a long term one, it requires patience but he made a mistake, it ought to have converted to tether or any other stable coin after the bill run ended, and for now, he can not convert, he has to hold. 

[guatazoo 7150]

On 6/1/2020 at 11:26 AM, Yomose said:

The type of trading is a long term one, it requires patience but he made a mistake, it ought to have converted to tether or any other stable coin after the bill run ended, and for now, he can not convert, he has to hold. 

For sure if the coin that you are holding have been made a fall so that's leads you to be in the loss at the time, you should continue hold if you are not in the margin. 

[Soaib khan 1035]

I think you should hold for long term because ethereum has very bright future in coming 2-4 months ethereum developer teams are going to launch ethereum 2.0 i think the price of ethereum can reach $500

[Yomose 3704]

11 hours ago, guatazoo said:

For sure if the coin that you are holding have been made a fall so that's leads you to be in the loss at the time, you should continue hold if you are not in the margin. 

You are right, but I have not fallen in into price fall trap since I started long term trade, I analyze coin in a way that it can not fall or if fallen, will still increase in multiple. So, I take time to make sure the coins already falled as much as I want I a way that will profit me. 

[guatazoo 7150]

12 hours ago, Yomose said:

You are right, but I have not fallen in into price fall trap since I started long term trade, I analyze coin in a way that it can not fall or if fallen, will still increase in multiple. So, I take time to make sure the coins already falled as much as I want I a way that will profit me. 

Thats is good thing that you are doing, because people are just buying the coins and then holding them without analysis them for hopungs that's holding is not risk even the coin has fallen. 

[BOMBERuss 7928]

I advise you to hold the Ethereum until the launch of mainnet Ethereum 2.0. Then the price will most likely increase and you will not only win back the position, but also come out in the plus.This is my opinion.

[Jeet Narayan 1940]

I'm also faced that problems with many coins . So I hold that coins for long term . You hold eth at that price . Eth event is coming so eth price can give better return in long term .

[pablomarwan 3082]

In your case, I think he studied for you, not only being deceived by what digital currencies possess, is always volatile. If you bought any currency, try to distribute the profits that you obtained until it drops again and reinvest in it. With regard to tracking currencies for Bitcoin, there is a possibility, but it will not follow it with the same percentage as Bitcoin. If you had kept it up to now, you will have made up for what you lost in your case. This is the best investment in order to increase what I have until the prices rise again.

[Almass93 28]

If the money you have invested is not that high that you can't  afford  to hold so you should keep holding until it gives yiu profits,  or you can sell it and use the money to trade and can also reach the same level before the price of ethereum goes up.

[awwad 74]

On 5/20/2020 at 2:20 PM, bitcoinb said:

@Brushless4500KV  When we say that Altcoins follows BTC that doesn't mean "same price fluctuations", that simply give the direction (increase or decrease). Currently, we are talking about the transition to Ethereum 2.0 and proof-of-stake consensus. I strongly suggest you to HODL your Ethereum for months... I also suggest you to use your earnings from here to start again day trading.

Do not sell your ETH under $270.

You were absolutely right because ETH rises to 400$ in few weeks ago and it stable in 350$ right now. I hope he was accepted your advice. 

Edited October 4, 2020 by awwad

[Dangasa 168]

Hello traders. Nowadays about all crypto currency prices grows. But only etherium has declined in its price. I do now know reason of this. So I recommend you do not trade to etherium.