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RE: Hope you got some more Ethereum during the GDAX flash crash!

in #ethereum8 years ago

This is not volatility, this is much worse. If it is due to lack of hardware on exchanges causing lag etc then this is a relatively easy fix, however, if it is something else then it is time to worry. If you bought in at $13 I congratulate you, but I would be looking to take some of those juicy profits now, just in case!! Diversity is the name of the game, especially in these early stages.

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Well, all new technology will have bugs. As a software developer, I know this all too well. I wouldn't be freaking out at all right now.

However, you mention diversity. This is a wise strategy with any investment. Never put all your eggs into a single basket.

I actually had a very small amount in ETH during the crash (it was in other ERC20 type tokens) and was able to accumulate more and make a quick profit. Staying diversified offsets your risks greatly.

I agree. You can't take anything for granted. But especially in these sorts of markets you need to diversify. Iam sure crypto has a great future but which coins survive has yet to be seen!