Don’t let other people influence your decision into selling
I know it’s the wrong time to be saying this, as the market is down and profits are low, but I know that eth will be pumping soon and a lot of traders will be tempted to sell, here’s why you shouldn’t.
Once 2.0 s out, it’s only every gonna go up. Mining will be restricted severly and supply will be going down, it wouldn’t be a good idea to go around throwing rare items into the sea now would it? Once prices start going up pre-update, it means they’ll quintuple post, and this is why you should be careful. I know that there’s a lot of media enticing you to sell, but don’t, they just want to buy them off of you.
You’re not going to make enough profit, and buying back will only hold you back. You see if you were to flip it potentially, the profit you will make will never be enough, especially as price increases, and it will be really tough to buy back what you sold on a discount. If you wanted to make a profit outside of eth, go ahead and hold small projects with positive ideas like Plastik that wants to regulate single-use plastic disposal or another small cap that peaks your interest. Hold while you can, letting go is for the weak.
It’s easier said than done, especially when the temptation takes hold of you. Beware now while you can.
submitted by /u/Kaylee_hc
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