Hello,
If someone has made a loss in buying and selling Ethereum, what is your suggestion? Should he\she hold Ethereum?
Is it possible for the price to reach $2300 before Christmas?
Thanks.
Although, I am not a financial advisor, however I have been trading Ethereum for over six years, starting from its launch. During this period I have witnessed substantial and consistent growth, despite the fact that there were bearish trends when similar to Bitcoin its price was also dropped significantly. In the context of my experience, I would suggest you toconsider holding it for long term or at least wait for potential Christmas rally, which historically has yielded handsome profit for investors.
The price rally seems to be expected this Christmas season as Bitcoin does the uptrend motion, and ETH will also pump. For IMO, that was is too early to take advantage of the pump, if we don't need to use our money, it is better to continue holding until next year as we believe that more pumps are coming rather than decline. That is why I could say that holding ETH is not a regrettable decision but rather a wise choice.
The current price of ETH is already at $2,100 ++, and it was possible to reach $2,400.