- Dec 3, 2021
- 1,445
- 2,197
Bought 10 ETH around $950 and it got pumped today. A profit of $1750. I'm not sure if it will crash further or keep rising from here.
Need an advice.
Need an advice.
$1750 profit in a couple of days : Hold or sell?
- Thread starter Project Limitless
- Start date
- Oct 5, 2020
- 1,379
- 1,625
Depends on your goal with this investment. If you planned a quick buck, then sell and enjoy your profit. If it was a long-term investment, hold it tight - ETH is the second biggest crypto and sooner or later it will go back where it was a few months ago and further.
- Dec 3, 2021
- 1,445
- 2,197
I invested it for long term. Hoping for it to touch 10k in a couple of years. And I don't need the money right now. But I'm not sure if this pump is temporary or it will come down once again. I'm tempted to book profit and re-enter if it goes below 1k again. Confused lol
airtman
Regular Member
- Sep 18, 2017
- 394
- 187
No need to bother, the risk has been made, wait for the profits to roll in. The correction is a good sign that eth will rise again. People that sold when you bought are regretting. If you don't want to regret keep on holding the asset. But, remember to sell whenever you feel like to sell.
mirrorer
Elite Member
- Jan 30, 2009
- 2,097
- 2,502
Set a stop loss at your buy price + spread. If it goes up you're good, if it goes down below your entry price,you'll get out at BE. It could also bounce @ your entry price....
SpenserReed
Newbie
- Mar 18, 2022
- 12
- 1
Fix half profit - always best idea!
- Nov 16, 2011
- 18,417
- 10,578
If you are for 10 years, stop checking prices everyday. There can be big flucatuons which might not let you hold for 10 years. If you really hold for 10 years, chance of loss is 1%.
Elbo64
Newbie
- Apr 18, 2022
- 48
- 24
You can convert all to stable sit and wait for a dip lower than your previous buy and buy more eth at a better rate,, this way it dose not matter if it goes up or down you proffit is safe if it goes down it’s a bonus you can buy more for less if goes up you got your profit safe
- Apr 30, 2018
- 1,853
- 1,455
Take out the profit, then reinvest when the market dumps again.
Zedcov
Senior Member
- Dec 24, 2018
- 972
- 487
I believe we are still in bear market until the next BTC halving 2024. But if you are investing for long term then you shouldn't be worried.
LuckyGamble
Banned - Multiple Rules Violations
- Apr 14, 2022
- 1,047
- 1,026
Take your $9500 and leave the $1750 in there. Then once ETH goes lower you take your $9500 and buy more ETH.
Cryogenesis
Elite Member
- Sep 1, 2013
- 1,985
- 3,293
Most common mistake people make - confusing investing with trading.
If you're investing then a dip is an opportunity to add in more. Don't sell what you're holding and buy back more. Just buy more at a lower price and average.
If you're looking to make money, then book profit and debate about it later. You will always play "what if" with yourself either way.
- Aug 31, 2021
- 3,433
- 993
You made good amount in short time. Withdraw all balance accept this profit and then you are fully covered.
timothywcrane
Supreme Member
- Apr 25, 2009
- 1,339
- 741
What was your initial call plan? Remove initial stake and call profit. Let the rest ride. Some have take or input progressives, or further play with the riding proceeds, but the above suffices most.
My ridiculous, unprofessional financial advice... leave in what you can afford to lose. Grab a little fur, but it's a dead cat bounce.
My ridiculous, unprofessional financial advice... leave in what you can afford to lose. Grab a little fur, but it's a dead cat bounce.
- Mar 23, 2022
- 3,789
- 1,031
If you are making profit in current scenario, sell it and enjoy profit.
Influence
Regular Member
- Jul 14, 2021
- 364
- 264
In my HUMBLE opinion based on my technical analysis a volatile rise has begun for the upcoming months, but hey! You made quite a bunch of cash. Don't get cocky and risk for no reason. Sell all the Ethereum you bought, reinvest your profits in diversified undervalued promising altcoins and HODL under flexible savings for compound interest. With the ten grand you spent buying ETH in the first place you can throw that on diversified stocks in promising companies on a growing industry or an index fund.
If you want financial advice, this would be it from me.