Can Etsy Keep Up This Momentum As The Economy Reopens???

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Etsy is a peer-to-peer e-commerce website where users buy and sell handmade crafts, vintage items, art, and photography. The site launched in 1998, grew steadily and had an initial public offering (IPO) on the NASDAQ (ETSY) on April 16th, 2015, priced at $16 a share. That same year, Amazon announced, Homemade, its competitor to Etsy. But like Amazon, Etsy was building all along for an event like COVID-19.

Last March, when the Markets crashed, so did Etsy. I actually shorted Etsy back for a short-term profit, after noticing a huge reversal. In early April of 2020, health officials encouraged people to wear face masks…this was Etsy's moment. The company saw a surge for fabric face masks right and the rest is history. I’m actually shocked Etsy is still going strong, but maybe this is the new normal.

https://www.youtube.com/c/YahooFinance/videos

If this is truly the new normal and if Etsy can maintain it's momentum as the economy reopens, the chart suggests to 4 hr demand at $185.

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This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.

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I absolutely love Etsy simply for the fact it empowers people to work from home and create things they love and then get them out to a huge worldwide audience for sale.
Of course, it would be better if it were a decentralised, blockchain-based enterprise without shareholders but hopefully, Hive can fill that void one day!
Best wishes to you :-)

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I love Etsy too and was a seller for three years - it really is that fun.

I’m looking forward to @thelogicaldude’s commerce project cause I’m ready to revive my Etsy Shop via the blockchain.

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Awesome point and stay tuned, I'm sure someone is already thinking how to do that on the blockchain.

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I love Etsy

If you go in the seller forums there are lots of complaints from the “original” sellers claiming that “Etsy is dead” because “they took the heart out” and bla bla bla and “they only care about their investors.

Which is why their numbers are so great!

Etsy loves their investors.

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They also have COVID-19 to thank for their success.

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Oh yes, last year when I saw their campaign to make masks... I knew they were up to something good.

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