
Ethereum Price Has Fallen Below $4,300. Investors Should Take the Following Steps
Zara
Description
<p>Ethereum fell below $4,300 late Monday, less than a week after setting a fresh all-time high</p> <p>Ethereum's newest fresh all-time high occurred last Wednesday, when its price surpassed $4,865. The second-largest cryptocurrency has recently set multiple new all-time highs.</p> <p>Both Bitcoin and Ethereum are trading at or at all-time highs to begin the week, with Bitcoin also reaching a new all-time high of over $68,000 last week, according to Coindesk's Ethereum price tracker. The latest increase in cryptocurrency prices comes on the heels of a record-breaking October for the stock market, as well as the debut of the New York Stock Exchange's first Bitcoin exchange-traded fund.</p> <p>Despite the price increases for Bitcoin and Ethereum, experts' advise to investors has been consistent.</p> <p>What Are Ethereum Investors' Responsibilities?</p> <p>As with any long-term investment, experts encourage investors to disregard short-term fluctuations. The recent price increase does not indicate Ethereum's volatility has subsided.</p> <p>"The real question is whether or not those who own these coins will continue to see compound, exponential increase. Nothing in cryptocurrency's fundamentals indicates that the answer is yes," says Jeremy Schnieder, the financial expert behind Personal Finance Club.</p> <p>Because there is no certainty that the value of any cryptocurrency will increase, experts recommend investing no more than 5% of your portfolio in cryptocurrency. Never invest at the risk of falling short of other financial goals, such as debt repayment or retirement savings.</p> <p>If you've met all of those criteria, the wisest course of action is to dismiss the hoopla surrounding new record highs or lows. As with traditional long-term investing, the best course of action is to "set it and forget it," according to Humphrey Yang, the personal finance expert at Humphrey Talks.</p> <p> </p> <p><a href='http://paypal.me/cryptopirates'>Support us!</a></p>
Uploader
Episodes
Ethereum Price Has Fallen Below $4,300. Investors Should Take the Following Steps
Zara