Bitcoin Forum

Hey all. New to the game. Just got in. Bought a few hundred worth a couple days ago, to put on the exchanges and dip my toes in the water at $4,300.

With this recent crash, I've been thinking about investing $1,000 or so later tonight.  Not only will this lower my loss to the initial purchase, it seems like a good idea.

What should I be eyeing here? Should I put it all into BTC?

Buy a few Ethereum?

Grip some alt-coins like Monero?

A question I can't seem to wrap my head around, is if Ethereum will always be "tied" to Bitcoin's price. Are they tethered so when BTC goes down, so does ETH?
  Will it ever separate?

Would love your thoughts.

Not too worried about the $1,000 as if a VERY hard dip comes, I can always buy in more. I'm gonna HODL.

Best,

J

Well I cant exactly advise you on what to get as I think that is against forum rules. But I will say this welcome to land of cryptos. I think it is wise you are buying more as it goes

down, never a bad trading strategy. Other than that it really depends on what you believe in and think is going to do well. It sounds silly but often times belief can be the difference

of success or not. It is much easier to not let your emotions get the best of you when you actually believe in a coins project. Whereas the flip side you dont care the -10-50% swings

well eat at you sooner than later. So all in all, I think you are on the right track just do some more research about what you like and get into that. Then follow the markets so you

are informed of whats going on. Btw no ETH is not tied to BTC price. The market can react irrationally at any moment but in general I think there is a inverse relationship with

BTC and alts. Although much of that has not been observed recently which is the irrational part of the market doing its thing. Hope that helps buddy

good strategy you got there mate. you really did some research. but i suggest you to research a bit more. do not rely on other people for your decisions. although it is good to take in advises to widen your options, it is better to make your own idea out of all the suggestions you get. take everything into consideration then make the decision yourself.

buying into starting up coins would be a great idea for a lot today have great potential. but always read the white paper first so you can study the projects and if they're ideals are worth investing your money with.


hope this helps, goodluck. :D

Just buy all BTC because all alts, including Ethereum base their value off of BTC's, but they are not tied they are separate currencies with two completely different networks. So, keep in mind they have different use cases as well so BTC is more of a long term investment but it pays huge. Alts are short term and difficult to judge as a competitor may come out with a similar coin.

I'm still a bit confused about ETH.  Isn't it the plan to branch away from being so tied into BTC's pricing?

Are all coins forever tied to BTC's price?

Still need to read up.

I think I'm going to see how September plays out before I throw in a grand.

Cheers, all.

When it's low buy it low. Best spent money now is spent on good "old fashioned" Bitcoin.
You will profit. Period the end.
Good luck to you in your journey l!!!

Cheers.

They're not tied or tethered.

It's a correlation that every single cryptocurrency's price valuation rises and dives the same as the Bitcoin price valuation. It's not a causal relationship.

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As for what you should buy, buy what you know! You wouldn't be off to just cost average down on Bitcoin (as you stated). Otherwise I like Litecoin and Ethereum, in that order.

What do you like about Monero?

Welcome our world!

when i usually have some decent amount of money like $1000 to invest, i place a couple of orders, not just one buy order with $1000-$5000 worth. you just find a couple of possible bottom prices and place your orders at those prices and hope they get filled. if you get a couple of them filled then you are good to go.

and in long term price will eventually recover and you will be in profit in long term.

and since you are new i say start with BTC for now then add others later.

buying most altcoins will also be good soon enough because they have also dropped drastically and they will recover. specially those that are known to move up with bitcoin like Litecoin.
others will also recover. specially those that dropped so hard, like gain Litecoin and ETC

it is not just ETH, all the altcoins are tied to bitcoin price. for always whenever bitcoin price dropped, alts dropped harder.

if you can hold then i suggest to buy bitcoin only because like above me said, each of altcoin is base price with bitcoin, no matter how much bitcoin is down, almost of all altcoin is down too (but not all). its fine if you have a plan to invest with ethereum too because ethereum is different network than bitcoin and there is many ico base on ethereum so it would be good idea if you can buy few ethereum (quarter of total bitcoin you have). monero is good choice too and don't forget with litecoin.

Thanks, all.

I can hold.  I currently own nearly a dozen NEO, and will hold indefinitely.

Have a bit of ETH I'm thinking about putting into an ICO.

Will consider the jump into more BTC.  Let's see how the day / weekend plays out.

Cheers.

buy as much as you can, like john mcaffe says bitcoin can reach $500k i think save 1bitcoin is enough for future assurance :)
https://www.cnbc.com/video/2017/09/13/john-mcafee-claims-bitcoin-is-headed-to-500k.html

I would advice noobs to fill at least 70% or 80% of their portfolio with Bitcoin. Most of the altcoins are over-priced right now. Altcoins such as Ethereum doesn't deserve the $30 billion market capitalization. Monero is an interesting choice, but please be careful when you deal with it. Due to its association with drugs purchases, anyone using that currency may come under the radar of the law enforcement agencies. But also, Monero is facing a lot of competition from other anonymous coins, such as Zcash, Deeponion and Blackbytes.

I would stay away from Ethereum, if I were you. Some people are saying it will be investigated by the SEC for security fraud. The best time to buy bitcoins is now, because we know it will bounce back at some stage and if it does bounce back, you would make significant profits.

We have seen this situation before and we know when it bounce back, it will bounce back to prices higher than what it was before. If you buy in at $3000 and it goes to $5000+ again, you would make some good profits. ^smile^  

BTC will become mainstream when BitCache will be online. If you want to diversificate you can do like me: 90% Bitcoin, 10% Bitcoin Cash

I think XMR's and LTC's price will go up to like 1000$ or even more in the future, but I would bitcoin always because I have always liked bitcoin, if you don't you can buy btc, eth, xmr, ltc in different units. This recent crash is going to give opportunity to a lot of people to invest in crypto currency ,so don't miss it is what my ssuggestion would be.