I started a monthly buying program for Ethereum last year, allocating about 3% of my monthly revenues into the beloved crypto. I buy it on the first of every month without hesitation or temptation to market time. My intent was to accumulate the coin over 3 years, not at all interested in appreciation of my capital. The reason why I am buying ETH isn’t to get rich, but to diversify my currency holdings into crypto. Between BTC and ETH, I view the latter as the preferred vehicle and the option with best potential.
My basis over the past year is about $280. Last month I bought some at $1318. The month before that I bought at $748, and before that $607 and before that $385.
It was a wonderful occurrence when ETH shot above $2k, luring a new cadre of investor into the crypto amidst celebration and declarations of substantially higher prices just around the bend.
So color me amused when I view upon ETH trading at $1,390 now, still up from my 2/1 purchase, with the entire internet declaring it to be over.
Nothings over. You just can’t turn it off.
God willing, I will get to buy more ETH on 3/1 under my 2/1 purchase price, which will be the first time in nearly a year I’d have the privilege to do so.If you enjoy the content at iBankCoin, please follow us on Twitter