Post
Topic
Board Altcoin Discussion
Re: My friend wants to buy ETH for Axie Infinity, but I said no and here’s why….
by
matchi2011
on 31/08/2021, 15:57:52 UTC
A few weeks ago, one of my friends is buying ETH from me via P2P at his house. Our transaction was completed as usual. However, days later it’s where ETH had skyrocketed from $2k to $3k+, and I had nothing but regrets. If I didn’t sell my ETH back then, I could have gained some more lol.

Last night, he reached out to me again to buy ETH for his second Axie team, but this time I said no.

Because of Ethereum London hard fork, I am so bullish about it and I feel that it may go even further before the end of this year. So I am holding my dear ETH as it is my major holdings. This is just my feeling, so I ain’t gonna sell my ETH until further notice.

However, I did advice him to try Binance P2P or other trusted and reputable P2P providers out there.
all crypto coins have fluctuating prices except stable coins which have prices based on Fiat pairs, btw I will not regret the assets that have been sold if at that time I needed money for other purposes, but unlike you, it looks like your friend is lucky to buy ETH because of the price ETH rose above $3k.
other times you can sell the ETH you own with a selling target as you wish, for example $5k for 1 ETH and the order will be sold if someone buys it on the exchange


Simple as that, the timing of your friend is very lucky since after buying it from you the value went up. So it's good for not to let him
buy your other ETH and let him learn how to buy it from the market. He may learn how to deal with the fluctuating value and it will  give him the idea why you are not letting him to buy your remaining ETH.

If you have set your target keep it and allow time to hit it up for you, in that way you'll maximize your profits.