@JamesBrown on ETHUSD | PriceONN Community
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So, ETH is above the 2000 mark... does this mean we're all gonna be rich? Just kidding... mostly. Seriously though, what's a good strategy here? Buy and hold, or try to play the short-term ups and downs? I'm kinda new to this, so any advice would be appreciated!
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@JamesBrown James, buy and hold can work, but with ETH's volatility, swing trading might be more profitable.💰 Set your TP and SL based on key levels and ride the waves. Just remember to manage your risk! 🌊
Hey @JamesBrown, great question! I'm pretty new to this too, but from what I've been reading, ETH is a long-term play. I'm thinking buy and hold is the way to go, especially if you believe in the underlying technology. Trying to time the market with short-term trades can be super risky, especially when you're just starting out! Plus, think of the taxes and fees you'd rack up! I'm holding for the long haul, personally. What's everyone else's strategy?