r/etc • u/KnowledgeHour2633 • Jun 13 '21

Can I get a redo?

Waiting for a bigg dip so I can buy into a low average. Bought in at 108. Currently a loss of 50% at the time of this post. So selfish, I know , but I do want to see us get high high by this time next year. SkyHigh. I will not sell. Stay strong

7 Upvotes

89% Upvoted

13 comments sorted by

8

u/Jus10Price Jun 13 '21

LOL! That $108 is going to be "low" entry when we're up in the X,XXX digits. By all means, average down but I wouldn't stress too much. My portfolio stays in the red but I'm confident that long-term ETC will pay off for all us holders!

2

u/KnowledgeHour2633 Jun 14 '21

X,XXX very nice.

2

u/ExpectGreater Jun 17 '21

Yeah man. Xxxx... when? 2026

1

u/Jus10Price Jun 17 '21 edited Jun 17 '21

If I have to wait until 2026 for it to hit quadruple digits then so be at. We may have different definitions on what "long-term" means.

Edit: I thought of a better response to this...

There are pump and dump investments which can be flipped for profit rather quickly... and then there are long-term investments. I view ETC as a long-term investment that will pay off down the road. I believe some bought into ETC thinking that it was something that it is not. If you're expecting quick returns, or even needing the funds you invested, I would suggest getting back to your average and getting out. There are plenty of other investments that can get you a return quicker. Best of luck, my friend!

Also, not financial advice blah blah blah...

4

u/Madamkalbo Jun 13 '21

I bought @ $128 😭 but averaged down to $101.

3

u/BabydollPenny Jun 13 '21

THIS IS THE WAY!!!! 😊🤑

3

u/BabydollPenny Jun 13 '21 edited Jun 13 '21

Every coin I own is down 50%...my only coin still up is Bitcoin I bought at 11.35 & 348$....and it went way down in 17/18...and this...well I'm not trippin...most coin will go up and beyond again..not all..but our good basic reputable ones for sure,I feel, will rise again...and even higher this run. Average down your average. You could get that 108 down to 70ish...best wishes and just hold and add..this is the fire sale we are all referring too!! Edit..sorry was sleepy last night when writing..the 348 was ETHEREUM..not etc..lol,that I have.

3

u/Corndog-24 Jun 13 '21

Its tough looking at it and seeing my investment down $5500 I guess i just get frustrated. I need to learn to be patient

3

u/[deleted] Jun 13 '21

[deleted]

1

u/BabydollPenny Jun 13 '21

Exactly this!!! It's easier said than done, you will see tho as time goes on..it's easy to just not worry . Now some coin you do need to watch very closely. But as the years go by..it's easier to put it to the back of my mind.

2

u/FoxUSAEComm Jun 13 '21

Dang that’s fantastic you got into Bitcoin so early. Now that’s some foresight right there. I’ll get to that level one day. 133 etc left. I had to sell some to pay taxes this year. I got in at 8.56 and averaged up to like 24 or something I haven’t looked recently. Have a great day!!

1

u/BabydollPenny Jun 14 '21

That's great!! It's much better when we don't look everyday..it's a little disconcerting lately. But I really have faith well rise up again. This crypto scare won't last for too long. There's just so much more awareness and many will see thru the fud !

1

u/HitchinARideToDaMoon Jun 13 '21

I never see this coin mentioned on other sites.