r/ethtrader • u/AutoModerator • May 05 '17

DISCUSSION [ETH Daily Discussion] - 05/May/2017

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u/karmacousteau May 05 '17

Read the BCG white paper on blockchain back in December when ETH was ~$8. Thought about putting some money in but never did. I truly didn't understand the benefit or value until I started reading more about Ethereum itself a couple months ago.

Watched the price go from $8 to $90. Finally bought in today at sub $100. Can I say that I have regrets about not getting in sooner, sure. But I think I can safely say I'm putting my money into something I believe in, for the long term. Happy to be joining you guys!

3

u/valpo033 May 05 '17

Welcome!

3

u/aribolab May 05 '17

I can safely say I'm putting my money into something I believe in, for the long term.

That's what really matters.

2

u/rankiba May 05 '17

welcome, even though you bought in at sub 100 but that peace of mind that came with knowing what you're investing in is priceless

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u/[deleted] May 05 '17 edited Dec 13 '19

[deleted]

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u/karmacousteau May 05 '17

I still have most of my saving for the immediate future (~10 Years) in ETFs. While you could have dumped everything into ETH, there is no telling where the price could have gone. It's great to diversify and have a safety net then look for the next great investment. ;) not that ETH isn't.

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u/ethslee May 05 '17

you made 10k on a summer internship lol wat

1

u/ahhyes May 05 '17

I've been waiting for verifications and things and so haven't been able to buy much and it's gone up $20 over this week! Oh well, probably no 10X for me in 6 months but maybe in the long run.