Community post
Why Haven't Ethereum Traders Cashed Out Yet
Over the past year, within a 12-month period, the price of Ethereum’s Ether increased from 242, increasing by a staggering rate of 2,320 percent. With an initial investment of around $10,000, some Ethereum traders including Jason Pappafotis, a 37-year-old physicist based in Alabama, recorded hundreds of thousands of dollars in profit.
Yet, most traders don’t intend to cash out their investments in the near future, considering the potential of the Ethereum network and the industry’s expectations for decentralized applications and decentralized autonomous organizations.
Replies (1)
Ethereum has definite long term potential because of the enterprise alliance, upcoming roadmap and more popular exposure. It'll take some time to solve some of the issues that plague it, Facebook in the early days was slightly more than a proof of concept it took them years to polish it and in the process acquired billions of users. One day Ethereum will be able to handle millions of transactions per second, but people will have to be patient for that day to come.