ETH increases significantly but when it decreases, it decreases less.
It shows that ETH has a very potential growth rate.
I make the following calculations:
+ Assuming BTC rises to 120,000, the current price is 103,000
Then BTC will increase by 16.5%
+ Assuming ETH rises to 3,200, the current price is 2,550
Then ETH increases by 24.49%
=> + For BTC to rise to the price of 120,000, a lot of capital needs to be pushed in, only achieving a profit of 16.5%
+ For ETH to rise to the price of 3,200, with the recent growth rate, it is not too difficult, the capital pushed in to increase the price to that level is also not too burdensome. Achieving a profit of 24.49% is also quite good. Not to mention ETH has the potential to reach above 4k
Risks:
1 when selling, ETH is likely to be dumped more heavily than BTC.
But:
Both BTC and ETH will recover in price and increase even more in the next uptrend.
Have you all made plans for your target profit yet?
If uptrend and achieving the target profit, should you sell? or hold on until there is a downtrend before selling? Or just sell the amount of capital you invested, and keep the profit until there is a downtrend before selling?
Now is the time to make a plan.
$BTC