You are viewing a single comment's thread from:

RE: Ethereum Classic VS Ethereum Hard Fork

in #craigrant8 years ago (edited)

You have to be very careful when looking at ETC as something to flip and trade short term. For me I got in cheap and I held. It is a speculative bet that ETC will go up to $5 or more. A long shot, but that is why it is a gamble. The market is going to be very volatile. I am too scared to buy where it is trading right now ($2), I am content with the number I have. I probably would only buy again if it goes below .0012BTC again which I do not expect. Bitfinex may be trading it as early as Wed, so this could make a big difference. My latest on ETC: https://steemit.com/ethereum/@bitcoinmeister/lessons-from-the-ethereum-hard-fork-ethereum-classic-stands-for-something-and-much-more

Sort:  

ETC is perfect for you, as your super human power is holding :), I bought in at $2, and if it takes a dive to $1, I might panic sell for a loss

:) Yes I do enjoy the buy and hold strategy. No panic! Buying in at $2 is bold, but you need to have the "go down with the ship" mentality if you see it drop to $1 because it could easily go up to $3 soon after. Look at the insane volatility of the last 24 hours. Anyway keep in mind how early on this is and how few exchanges have it. Also many Bitcoin people feel this is the perfect chance to play in the Ethereum space now that this version is not corporately controlled. There is a lot of psychology that is going into all of this and it could really lead to a boost of ETC long term. It really could become an equal to ETH, this concept was something that was not even considered a week ago. Things change fast in crypto-land. Keep up the great work.

yes, the "go down with the ship" is a good way to flow, good advice

Coin Marketplace

STEEM 0.17
TRX 0.16
JST 0.029
BTC 59323.36
ETH 2348.51
USDT 1.00
SBD 2.55