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comment by mk
mk  ·  3010 days ago  ·  link  ·    ·  parent  ·  post: Ethereum just passed $2.60

Are you selling all through the stop loss?

I am holding ETH as well, and won't sell for anything in the near term. There are too many events this year that will likely put positive pressure on the price. Here are three: 1) More exchanges, especially in China, 2) Homestead release, 3) Switch to PoS from PoW.

The marketcap is only 200M USD today. If you consider that Ethereum will reach the levels of adoption that bitcoin has, the price will be far higher.

Of course, it's not a given, but don't let the price movement influence your decision to sell. Of course, if you can't bear to watch these gains disappear in the interim, and/or if you need the money, then selling makes sense. But, be able to live with yourself if the price drops to $1.50 tomorrow, then is at $20 in March. :)





kleinbl00  ·  695 days ago  ·  link  ·  

Haha proof of stake this year

uhsguy  ·  694 days ago  ·  link  ·  

It’s always 1 year out…. I’ll believe it when I see it like self driving cars. 4x series Gpus coming this year 25% power boost but 10-15% more power draw so probably mostly a wash for mining. Depends on if they leave the hash rate limits on considering the current stock price.

kleinbl00  ·  695 days ago  ·  link  ·  
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jleopold  ·  3010 days ago  ·  link  ·  

This probably shows a major lack of understanding surrounding the technology of Ether (though I think I get the concept) but could it be used for Hubski donations? For me at least this is entirely theoretical, as I'm only holding Bitcoins at the moment, but I'm confused about the whole contracts system and I think this might help clear it up for me. Do there need to be conditions for both sides in the contract? Is escrow required for Ether? Or can more one-sided interactions, like donations, occur?

user-inactivated  ·  3010 days ago  ·  link  ·  
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veen  ·  3010 days ago  ·  link  ·  

In the hour or so since I posted, the price went back down to $2.40 / 2.20 euro, so my super tight stop losses were activated. You're right though, it's a long term game, so I'm putting that right back in. I'm probably going to put some more in - the chance of me losing all my profits are quite slim.

mk  ·  3010 days ago  ·  link  ·  

I don't ever use stop loses. They give me too much anxiety. If I buy something, I have committed to letting it go to zero. My reasoning is, if I can't do that, I should buy less.

My motto is: Buy smart, sell stupid. :)

mk  ·  2867 days ago  ·  link  ·  

So here we are at $20. Did you hang tight? :)

veen  ·  2867 days ago  ·  link  ·  

Totally! Thanks for the advice. Even though I didn't put a lot in, it's now starting to become a serious amount. If it keeps rising like this, I might actually be able to pay my student loans with that money. Let me know when you start selling.

thenewgreen  ·  2597 days ago  ·  link  ·  

You still in? What a day!

veen  ·  2597 days ago  ·  link  ·  

Yes! I'm holding what I've got as long as I can.