facebookTo buy or not to buy Ethereum? - Seedly

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Anonymous

09 May 2021

Cryptocurrency

To buy or not to buy Ethereum?

Do you guys DCA? What is the amount you put in each time?

Discussion (4)

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Bobby Lee

09 May 2021

Investor at Investor@Singapore

Buying the dip every time I see one. Worked out well so far for me. Although I feel like it's getting a bit too hot so I haven't been buying anything for the past week. But if you're in it for the long run, I guess it doesn't really matter if you see potential in ETH.

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Hi Anon,

I've been invested in ETH for over a year now. I do buy in multiple batches, but I don't usually follow a fixed interval or fixed sum. When I started buying ETH I didn't have much money so at each time I was putting in about 2-4k. Over time as I started selling other cryptos to buy more ETH, I began to put in 10k each time. It is noteworthy that how much you put into crypto, should be the sum of money that you're willing to lose due to the volatility in the crypto market. Personally, ETH price has risen a lot recently, and I have actually been reducing my crypto exposure (over the past 10 days, I've sold half of my ETH). I'm anticipating a pullback so that I can buy the dip in the future, but of course, it is always unwise to time the market. If you intend to HODL, then DCA is the best way to go so you won't have to think about short-term price actions.

Hope this helps!

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