Know that, if we take ETH and hold it for some time and trade, we see a good profit. But many times it happened that after buying ETH, if its price drops, we have the possibility of loss in the trade. Due to many movements in the crypto market, we should trade wisely.
Should we invest long term??
In Cryptocurreny we can't get profit instantly, sometimes it takes a long time to get all our desires. The price of Ethereum is currently increasing, if we buy it now maybe the profit we will get is not too big.
But if we had bought it a few months ago, then our profit now is certainly very large. What does it mean, it means that Ethereum is a good coin to buy and hold in the long term. Never doubt this coin.
I certainly agree with you on thiscomrade despite the majourity comments opposing to this fact.
The truth is that etherum for me is part of the coins i see following the trail bitcoin had made in the cryptospace.Now,at this moment,it might not be its season atp,but i guess that's quite normal with crylyo currencies right? Cause prices basically fluctuates and bitcoin does that too right?so why the back lash?
If i'm to advise about making investments on etherum,i'd say buy as much as yku can anf Hodl,i huess thats what a wise investor would do.
Reason is that,while the price is not at it's best right now,is basically an advantage to we the investors,we buy when the price is low,and wait for a turn around.profut is likely to be maximized not losses mainly because the sentiments of investors aren't really completely withdrawn from etherum as lf right now.We just wait a while,and we see the charts performing it's magic.