If I own 100 Ethereum, should I hold until the price of ether prices goes to $10,000?

By TMod_Marco | TMod_Marco | 18 Dec 2020

This is an interesting question I spotted elsewhere, and my answer would be: No. I would not wait and hold until the price of ether goes to $10,000 each. However, it partially depends on your investing strategy, mindset and financial situation.

Why would I not hold 100 ETH all the way until $10,000? Or better said, why is profit taking important?

Taking profits it as important as placing a stop-loss on your positions. The take-profit and stop-loss orders are a part of your reward:risk ratio, which determines (together with your total portfolio size) how much money you should put in a position.

Trading psychology is incredibly interesting, it’s especially interesting to see how people deal with positions that are underwater (refusing to sell something that’s currently at a loss, even when better opportunities might appear and taking a loss is better). As well as it’s interesting to see how winning positions involve fear of missing out, greed and impatience.

That said, it’s important to have a plan in advance you stick to to reduce the chances of emotional trading. If you bought ETH at $80 and manage to hold it without selling anything until $10,000 per ETH, kudos to you but most people do not have the steel balls to do so.

What would I do in this situation?

Your game plan should be based on your personal financial situation and knowledge. I’m very involved in the cryptocurrency space, follow the markets on a daily basis and follow the Ethereum developments.

I’d in this case look at historic price action and expect future valuations.


Looking at the (very simply drawn) weekly chart, I would take (10%) profits at the previous resistance levels: $732, $784, $905, $1118, $1224, $1365.

Because I’m a long-term believer of ETH I would want to keep part of my holdings long-term. I would sell 10 ETH at each of these price points giving me an average price of $1021 per ETH. Assuming I bought below $500, this would enable me to take my initial investment out and some profit.

The 40 ETH I still hold would basically be a ‘free’ long-term position, which I would would be able to hold as a ‘moonbag’ (gamble) towards an ETH price of $10,000 without getting frustrated or anxious about possibly losing money or losing out on profits.

The reason I would play it this way is because there are no guarantees each cryptocurrency maintains value over a long time period. I believe in ETH/Ethereum, but also believe there’ll be better R:R opportunities which I’d then invest in with the partial profits I took along the way to further grow my portfolio.

What would you do? Let me know in the comments :)

This post is for informative purposes only, I’m not a financial advisor and I currently do have a position in ETH. I have not been paid for this post, this post is out of personal interest. If you enjoy reading my content, then consider following me on Twitter.

How do you rate this article?



@TMod_Marco on Twitter < Follow me. Dutch blockchain, marketing & strategy consultant. Head of Community at


Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.