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I've Already Made $1,000 on Ethereum. Here's Why I Keep Holding

TheMotleyFool

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I've Already Made $1,000 on Ethereum. Here's Why I Keep Holding

I bought Ethereum (CRYPTO: ETH) a few months ago as a way to dip a toe into the cryptocurrency world. As of today, I've made about $1,000. Right now, I could easily take the money and run, especially after the recent declines in this coin and other crypto players.

Investors are worried about potential taxes on crypto profits in the U.S. and China's crackdown on the industry. Those news items and the strengthening of the U.S. dollar are weighing on cryptocurrencies.

But instead of locking in my profit, I've decided to hold -- for three good reasons.

Source Fool.com

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