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RE: Ethereum Price Still Recovering? Will It Pass Its All Time High

in #cryptocurrency7 years ago

Personally I do believe in the technology of Ethereum for the long run. We must remeber that Crypto is an extremely volatile space, and the valuations on these coins or tokens are difficult to determine. There are no quarterly earnings reports to look at and future growth potential is difficult to predict as the space is basically brand new. Ethereum has had a tremendous run, and it was so damn exciting..! Watching it go from $15 to $415 in less than 3 months was truly amazing, especially for those who had the foresight to invest early, when the price was low. As I see it, it is STILL EARLY!!! And even at around $180 it has gone up 10X since March/April of this year. There is a lot of FUD in the atmosphere at the moment, as nobody know what will become of Bitcoin in the next few days or months. That is causing much anxiety with investors. Also the ICOs that have been created and run on the Ethereum platform, well.... some have been a bit sketchy, and scalability has been a real concern. The "Flash Crash" about a month ago was terrifying to investors and anyone who had even a tiny margin position, or loan against their Eth position was called out at horribly low prices to cover the debt owed during that crash. Fortunately I have heard these investors will be or already have recovered their Eth tokens, as Coinbase/GDAX did what it knew was the right move and squared up with these customers. So going forward, let's remember the amazing potential Ethereum still has and try to see the forest through the trees, remeber where it was (in the teens) and where it is now, and make our investment decisions based on how we feel about the platform going forward. Personally I was fortunate and did ride it up - did I sell the "top?" - NO, but I did get out temporarily in the mid 300s. I have since bought back in in the 175 range, about where it sits now. I have a position sized to where I am comfortable and can sleep at night, and am not watching the price movemets and panicking on a day-to-day basis. I am holding my tokens on my Ledger Nano, and I am continuing to dollar cost average into my position by buying about $50 to $100 of ETH each week. As I said I do believe in the technology and the Enterprise Ethereum Alliance, and I plan to stay in and continue building my position as time goes buy. If things go like I think they will, this will prove to be a smart move, but there is always a chance things won't go as planned and continuing to build a position will not have been a good move. Time will tell, but I do think Ethereum now is like Microsoft was in the early 1990s, and 3-5-10 years from now the price will be much higher. But in the short term, nobody knows... So do your own due diligence, only invest what you are comfortable investing, and take the long view, like Warren Buffet would do. I told my family if I die, throw my ledger nano in my casket with me, I am taking it with me lol. nobody is taking my Ethereum!!!! Anyway that is my 2 cents worth on the subject. Thanks, I will upvote you and resteem this and see if we can get any other opinions on the subject. Take care and good luck all. Peace. Cryptoted

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yes, from your view you are also right

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