ETH - I Lost 58% on Ethereum. Here's Why I'm Not Selling.
Whether you're investing in stocks or digital assets, the up-and-down nature of markets can be difficult to stomach. With cryptocurrencies like Bitcoin or Ethereum (CRYPTO: ETH) , the roller-coaster ride is something investors must get comfortable with if they plan on holding for a long time. This is especially the case with a nascent and unproven asset class.
I first purchased Ether on May 19, 2021, and my loss on that position (as of Aug. 29) is 58%. That's definitely not a return to brag about. In fact, it's the sort of result that could lead some people to completely give up on crypto and sell all their tokens.
But I plan on continuing to own this top crypto. Here's why.
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I Lost 58% on Ethereum. Here's Why I'm Not Selling.