Oddbean

Buying is always easy, selling back is super hard. You always think it's going to recover. At some point I said, ok it's done, once it pass 0.07 again, half of ATH, I start selling, I said to my self as long as it stays above 0.07 I sell little by little to do some kind of DCA (ETH against BTC) until it goes down again or I got out of it. Price felt down right after and never pass this level again. I still think the bull market will move it up again because they are enough people who have no clue what they buy and didn't understand it yet as we do, including all ETF folks, so I hold on it until then but I set I new rule, once BTC goes a new ATH+20% or so, then retract a bit, that might be close to the new high of ETHBTC, at this point I start selling regularly to be out of it within 4-6 months which would cover all possible new high until it goes again down to oblivion. I also added a safety breaker, if nothing happenend by mid Nov 2024, I sell no matter what for the next 6 months. This help me sleep at night again but I will feel much better when I'll be finally out of this. Wish be luck or wish me to burn, I need to find a way that leave me in peace.

Best of luck in your exit from ETH. My solution was to bail out of it all at once. It's neither fish nor fowl. BTC is the best money and SOL is currently the hot programmable chain. Every day I wasn't getting out of it felt like an opportunity cost hammer hitting me in the chest.

We are in the same situation. I dont understand how is possible that an ETF, that should hold the coin because is a fund, has just sold everything. Only outflows without inflows … https://m.primal.net/KpuM.jpg

As I understood, it's this Grayscale ETHE ETF that existed before but was not spot ETF and you could only buy without ever redeem the ETH behind it, the only way to sell was to find a new buyer for the ETF, this drag down the price to 50% of it's supose ETH value. When ETF spot was appoved, this Grayscale ETHE ETF was converted to spot with possibility to redeem the ETH 1 to 1 in equivalebt dollar value (you cannot get the real ETH). So a lot of people locked in before, including a lot of speculator that bought it at a discount to make a profit once the ETF spot happen, massively redeem the ETH value in USD forcing Grayscale to sold them. The exact same happened to the Grayscale Bitcoin ETF, except that the price dump was temporary and absorbed quickly by the huge demand for BTC. At some point, like for the BTCE (bot sure of the name), once everyone who wanted to sell sold, ot will get more bullish again, this could happen super fast... or never. I make the bet that demand will rise one last time pushed by the next BTC rally, but maybe I'm wrong and will just sell my ETH at an ever lower BTC price. I might also keep some fiat in hope that BTC deep a bit after ATH but that's even more risky.