I’ve invested a small amount in Crypto. Waiting to see if my Etherium takes off. If not? Oh well. In another method, I’ve more than doubled my investment in a year. So far, so good.
It’s money I could afford to lose, and I’ve enjoyed seeing a return.
Haters gonna hate. I’ve known 3 people personally that got involved in Bitcoin early and became multi-millionaires. They’re smart, so they still are.
Recent advice I got regarding Ether: With ETH, focus on its future ‘Merge,’ not its current one.
The “merge” may not be what gets it back above $2000 per coin, but a “merge” of sorts down the road (the merger of traditional and blockchain finance) may be what drives ETH to substantially higher prices over the next few years.
Keep this in mind, when today’s uncertainties have you wondering whether now is the time to make an exit from Ether (if you own) or to otherwise avoid it (if you don’t own it yet).
Once rate hike worries clear up, the market will again appreciate the impact that both “The Merge” and “The Shard” (the last stage of the Eth2 upgrades) will have in enabling the Ethereum blockchain, and in turn, the ETH coin, to benefit the most from the integration of blockchain technology into the dollar-based financial system.
Make Ether (ETH-USD) a long-term “buy and hold” position, selling half your position each time it doubles in price.