Bitcoin Forum

Hey everyone, total newbie here. I've only just started (End of May) picking up some BTC/ETH with my (very little I must admit £850 total) spare cash. I'd like to be at least aiming to get at least 1 BTC as a general start to save for the long run, so far I have 0.29 BTC and 1.96 ETH.

After reading lots I figured it would be best to spread it between the 2 but part of me is thinking I should sell the ETH and buy alittle more BTC to bring me upto 0.5 BTC OR should I just hodl both and keep buying more BTC when I get the chance?

Bitcoin is going be the top crypto, especially now when scaling solution is underway. You want to have as much BTC as possible.
From the other hand, ETH with its rapid growth, ICO craze and countless projects is being hyped as well.
It is as you said, you should keep both BTC and ETH, just don't sell anything. Just use your fiat to buy more BTC.

i personally prefer to consider altcoins for only trading short term and nothing more. so in case of your ETH investment i prefer trading it, as in buy in the dips and sell after a small profit to get more bitcoin out.

and as for bitcoin i consider it as the main investment that i try to add to it any way i can. be it buying with extra cash that i have or any job i do online or trading. all of it will add to the bitcoin that i hold and i plan on holding it for many years.

it is your decision to see which route is more suitable for you.

also a good article to read about ether:
https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

Hello and be welcome!
Regarding your question, diversification is always good.
If you make it like 50:50, 60:40, 70:30 or 80:20 is up to you.
You will get many different answers, also depending where you ask that question! For instance in the altcoin section the reactions will be completely different compared to here.  ;D
In the end you will have to decide yourself what to do.

Okie dokie well I guess I'll just hang onto everything for the moment. My only concern really was if and when the 1st august comes round I didn't want to end up in the position where BTC suddenly skyrockets and becomes too expensive to pick up to reach my first BTC in a moderate amount of time.

Your bitcoin balance is a bit low compared to ethereum, so keep increasing the bitcoin balance.

Currently the exchange rate of ethereum to bitcoin is not as much as it was before but it's keeping increasing today.

Thank you.

This was my original thinking, I know I can only add realistically maybe 0.15/0.2 BTC a month tops otherwise.

That's really tricky, I'm in a similar position too, I don't check the value of my assets(bitcoin and ethereum) but I check the total amount in bitcoin.

Sometimes it worth "playing" and exchange from another coin to another with a hope to increase the bitcoin volume only.

But at the end I prefer to hold bitcoins more than ethereum even though both are good coins with a high potential!

maybe sell, maybe sell not. it s about your choice.

what will u do? buy a new coin or spend your money. if you dont need money now, you should not to sell ETH

If you can afford it buy more eth, the price surged due to the pending threat of a bitcoin hard fork, and if that hard fork happens eth will skyrocket and the market cap will double or triple. 

Yes. Eths 15 minutes are over.

I agree and it's good to have some ether in the pocket. Ico things are very common and the demand for ether is at its high. This is also another reason to buy ether.

You should hold both. May be good to divide the money equally between the two.

Just matter all on some situation mate since every movement on each coin is different and might certain flaws will get you rattled our and triggers you to sell your coins for so early. And much better for this is to watch on every movements where the coins go so that you can do some short trades and secure your profits for a while, long time staking is just for big whales I believe but if you can afford to do that and can wait for big improvements well that is the best thing for you to do right now.

Yes, better hold both, never put all your eggs in one basket. Ethereum has a bit more potential.

Just hold on, both are somehow making an similar growth. So no need to go for a sell, at the same the bitcoin price is expected to pump and cross $3000 within weeks as the stabilty gain is occurring. So decide accordingly.

For me i would go on both ways holding them both would really give you the chance on earning either one of them or both depending on the coins progress but knowing about bitcoin its value is more better than ETH but speaking with ETH it does have potential on rising up too which can make us profits too.If you dont like on holding both then i would suggest to stick on bitcoin.

For now Bitcoins Holding will be more advisable since there are segwit event where people got positive speculation on it and might we can earn huge profits for staking by this event, And also with ETH although theirs little price fall happening for now I think its the best time to buy since we can earn huge profit on it someday.