Bitcoin Forum

A year ago I bought 1 BTC and 20 ETH
I have very high hopes for eth and was wondering if I should transfer all or some or none of that bit coin into eth.
It’s dumping right now but I was thinking since there’s a discrepancy in the price might be a good time to get in
Let me know ur thoughts
Thanks so much

If you buy one year that has passed with the current state of Bitcoin and Ethereum you are among the successful in taking huge profits for you, if you sell you already have a car and a house, you can also start a new business, if you don't fantasize too highly.

However, if you expect anything more than current Btc and Eth prices going forward, if I choose to sell half of that and enjoy the rewards, two possibilities if you sell half, if btc and eth go down you are still profitable, let alone go up to the highest price level.

What is certain is that it all depends on your way of doing and thinking for yourself because it's all yours, you who have you who enjoy it.

You should convert some of your bitcoin to the stable coins and it's not ethereum. The dump that happened with bitcoin is also happening with ethereum too.
The worst thing to convert from your asset to another kind of asset with losing more rather than what you have owned before. You should think to use the stable coin rather than converting it into the ethereum.
You must also secure some of your assets into the USDT or something else too.

This ETH vs BTC chart is all you need to see.

https://i.imgur.com/GVZXED9.png

What you hope is already happening, especially for bitcoin price because you are now making a big profit, even if bitcoin price now is at $31k. After all, I am sure you bought bitcoin when the price is at a low price. That will be the same thing happen to ethereum, and with 20 ETH you purchased before, you also make a big profit like what you got from bitcoin.

I suggest you still hold your bitcoin and don't convert it into ethereum because with having bitcoin and ethereum as your investment, you will make a big profit in the future. So you know that it already happens to you, but that will be up to you.

Nope
If you had altcoins and convert to Bitcoin or Ethereum it's not worst thing, it's best idea.

Better to hold USD (fiat money) or DAI (decentralized stablecoin) rather than USDT (centralized and not backed 1:1 with real USD) USDT can be frozen, it's not really secure.

Bitcoin is more dip rather than Ethereum right now, if you convert BTC to ETH then you're in loss.

If I were you, I will convert my ETH to BTC or ETH to DAI.

Bitcoin has a higher possibility to increase better than eth, although ethereum has clearly outperformed bitcoin so far in this year reach 41400 as the ath, yet the idea to sell bitcoin for eth is a bad move. Just keep it the way you have all this time, bitcoin and ethereum will generate great profits by the end of the year. If you are about to sell it now, don't sell all at once, just a fraction of it to buyback in the dip. Or a better idea, just purchase more bitcoin and ethereum using fiat currency.

I don't think that it is too late to sell, as the OP stated that he has bought at a certain price last year so if the price when he bought the bitcoin and the current price is not the same, I think that he still profited from it. Got to agree with you about having a reason to sell because you need some sort of conviction so you won't regret your decision. If there ever is a back up plan for me, I think that selling half is the best one.

There is no perfect time to buy or sell the coin.
I am glad to hear that you made a smart decision a year back.
And now you are getting almost the double of your investment.
If you listen to me then don’t exchange or convert the coins.
It’s better to hold both of the coins.
Soon the coins will be getting their ATH.
Be ready to make some more cash.

Thank you all for your responses.
To clarify, I don’t plan on selling until at least august.
I haven’t taken any profits yet either, I’m waiting until the next pump to begin taking very small profits.
And I also own cardano polka dot vechain and algorand which I also have high hopes for.
So I’m in the crypto game for the long haul (this bull run) and will then try to buy the dip when it does its 80% crash (all speculation fo course and my plan could change dependent on how things pan out.)

Was more wondering, how many of you guys think etherium will put perform bitcoin?
I think bitcoin has potential to go to 300k this year which would be a 10x from now.
However I think it isn’t unreasonable to see eth at 40k.
Let me know if you guys think this is way off the mark and if my plan sounds ridiculous.
I need other points of view

Everything can happen to bitcoin and ethereum. Crypto now becomes a new thing for people. So I predict that many more people will invest in bitcoin and ethereum. But unfortunately, I do not have a prediction about the bitcoin because bitcoin can go to any highest price this year, and it could jump to the sky. Ethereum could be more than $4,000 this year, so we should prepare for the next new ATH soon.

It is good if you are not planning to sell your bitcoin, but you can buy more bitcoin if you want. Cardano and polkadot can be the next potential coin that can increase later. I do not have a big expectation for vechain and algorand, but that coins can increase anytime.

1 BTC and 20 ETH is a lot of money now, you joined 1 year ago and it shows you are too right. What were your thoughts at that time?
Now the price is much higher but it is probably very small compared to next year. We could see 10 times the current price, anything is possible.

ETH is doing the best last year and you make good profit.
Withdraw the amount that you invested, keep half of the money you have in the form of USDT and leave the rest for several years and repeat the same thing next year.
ETH is better than BTC so it is better to sell 2 or 3 for your reinvesting way.
Bitcoin price was down you need to wait more.

If you were bough eth and btc about a year ago you have got enough profit till .So why you are thinking more .I think you got enough profit as we all have seen btc has crossed the 40k$ market .It will be better if you could invest more on btc .However i think the proportion is good enough you can hold it though you are on profit .

The marketing is pumping again and you might want to grab this opportunity to sell your ETH and do hold more BTC. Honestly, you already have a good portfolio allocation since BTC and ETH are the top coins and its better to diversify than to hold just one coin, because for me if bitcoin goes up, ETH will follow no matter what.

The major reason that people lose their coin is greed . Greed make the person not to exit the profit when you are suppose to do so. Both bitcoin and etheruem have had a good run that you should see your profit margin but you still wait for price to drop. Even a longtime purpose hodling should no correction or bear will appear the good move. So why don't you consider to take off profit ?

Even though I think ETH probably has a lot more upsides than BTC but I don't think it is a great time at the moment to convert BTC into ETH. You could just HODL the way it is. At the moment, I think ETH is undervalued but I do not think BTC is overvalued. BTC has been the forefront of most upswings and you could be rewarded handsomely. Since you've already HODLed for a year and do not intend to cash out anytime soon. I think you should just leave it the way it is. 

Just keep both of them.

That is enough to keep and you actually have a lot for both. It's not a good idea to touch any of them, just keep and if possible, add more for both sides without touching the current amount that you have.

Indeed, there are many miracles that happened in early 2021 regarding ETH and bitcoin, where the movement has the potential to get new ATH, some even predict the price of ETH could reach $ 10k in the near future.

Of course if he has an investment with 20 ETH and 1 BTC I think soon he will have lambo.

Bitcoin and ethereum both of best coin. It a good investment. Bitcoin is king of all coin and ethereum is queen of all coin. So bitcoin price will be incres ethereum price also increase the price. If bitcoin affect all coin will be affect. Bitcoin and ethereum both of best investment coin.

You are in a good position already so why are you thinking twice?
If I were you, I'd let it stay that way.

A lot of members here try to diversify their investment and yours is already done.
I may just want to hold that funds and not doubt Bitcoin for now.
This could just be a correction and it may go back to a pump soon. 

In my opinion you are expecting too much from ethereum, using those prices and the current number of coins in circulation that will mean a market cap for bitcoin of 5.5 trillion dollars and the market cap of ethereum will be of 4.5 trillions dollars, that will put it extremely close to bitcoin and I simply do not see it happening when in the last years ethereum has been unable to make any progress in that front, and what better example of this than what we are seeing in the market right now, bitcoin reached 2x its all time high while ethereum has yet to reach its previous one.

and now you are RICH!, Ethereum costs $ 1000 more, if you have 20 then you have $ 20k more and Bitcoin has a price $ 30k more,
congratulations mate, this is amazing for me as a listener, I hope it works like you too, remember , oh don't be greedy anymore because bearish is a cycle for an investment, and always use a good strategy, good luck in the future.

Very lucky if you actually bought 1 BTC and 20 ETH one year ago. Since the two of them have now risen dramatically, I suggest you take profit now.
Don't be too greedy by wanting even bigger profits. The proceeds from selling BTC and ETH that you have can open a business in the real world.
And 20% of the sales proceeds are stored in fiat or stable coins waiting for the Bitcoin and Ethereum prices to fall, after that you can invest again
in BTC and ETH. That's my advice that you should do.

I do not know how good of an idea it is to sell your coins now when to me the bull market is just starting out and there is so much potential left, and even worse investing in a business now is a bad idea, most business are closing their doors not opening because of the pandemic and while the vaccine is giving hope to everyone it is going to take months if not years before enough people are vaccinated and we can go back to how things were before the pandemic.

I think our understanding and awareness about cryptocurrency which is quite different is the reason why some people deemed selling now is a good decision since the next trend the market will pose is not certain but selling now for stablecoin Is not a bad idea. I just don't support buying for fiat and use the fund to open a real world business when a lot of people are counting their losses.

After the pandemic things will never be the same and something will never go back to how it was before the pandemic.

Why wont you hold both instead? If you have bought these coins a year ago then for sure you are already in profits if we do try to compare the past price and the present time price
of bitcoin and etherium and for sure you are on the profiting side unless if you do decide to convert those ETH then switching up to btc then its your choice
but hey diversifying is always recommend so its still your choice though.

We shouldnt try to compare both different markets because bitcoin can move without relying alts or entire market condition and same goes with ETH.
If you  do want to max  out  possible profitability  then going for both is the best bet.

Taking profit from your investment place is really needed, at least it will make you confident to store your money again. There are at least two strategies, one you can sell all of them and buy back when its price is low. Or second, if you believe that bitcoin and ETH still have a chance to increase more than now, you can hold a half and you can sell another half. At least when bitcoin or ETH price is drop you still have a profit that you have taken.

ETH and Bitcoin is a good coin in the crypto currency space. You can pick one of them or you can divide your capital to buy them as your investment place. But seem like you have to wait if you will start to buy, the correction for bitcoin seem like it will continue. Unless, you have a faith to still hold although its price drop more than $30.000 and you can buy right now and put it for long term investment.

It's a good idea if you're in profit when you sell. That's the basis of why you're selling it.

Whether we're in the bull market or bear market but if you decide to sell because you're in profit, that's better than selling in losses because you're stopping further loss.

Bitcoin pumped to $42k and now in $33k where in fact a month ago, it's less than the price we have. In the case of OP, he had bought it a year ago, the price of bitcoin during that time was under $10k.

And for Ethereum, that was under $200.

That's was a very smart thing you did for yourself,  I must commend you for that. If you actually bought it a year ago, the price at as that time should be less than$12,000. And with the current price now you have made way more than 150% profit. One thing I know about the crypto market is the ups and downs. Things can't always be like this, the price has changed drastically within just few weeks, from around $41,000 plus down to $33,000. And of which it's still going down. It will be good if you can divide it into two and take out some part of it to enjoy yourself or probably invest into another thing or business to reduce the risks of having all your Investments in just one place. Or remove the whole profit that you have made and leave the initial investment that you started with. Enjoy yourself you have invested in the right time.

Exactly, to be honest i am only dreaming of having both ethereum and bitcoin in my own hard wallet and i will choose to keep both as my long term investment. I am so amazed with these two cryptocurrencies and in fact thinking that you have already purchased your own ethereum and bitcoin a year ago before bullish market were amazing and if you able to make it grow or even you just kept it in your wallet then your 20 ethereum and 1 bitcoin have already a great value.

If you bought both BTC (https://trade.kucoin.com/BTC-USDT) & ETH (https://trade.kucoin.com/ETH-BTC) a year ago, and still thinking if you should transfer those BTC into ETH then maybe you missed the new ATH of both coin/token? If you still holding both and getting FUD because it's on the verge of correction, what you should do is keep on holding those 'til another ATH has come.

Good to know that you bought a bitcoin and ethereum qt at a lower price this gives a good money return right now during this pumping we must grab the opportunity to have a good market entry our goal is just one which is getting a profit even not huge enough. It's just already starting the price of the coin comes a good future the bitcoin still dominating the market there is following the same path of it which is can leave the bitcoin sooner to have it's own another all-time high. Elon musk an investment today can change everyone's perspective and changes the market price in just a single second. Truly that patience is the key to the bigger treasure.

I don't think it's too late because the market is about to rise again especially Bitcoin surging so fast from $30k into $38k in a single amount of time. I'd say that this could be the right time for you to make a profit. You could for more though but I wasn't so sure if this will last longer, I'd suggest is to set your exit and don't be greedy. Being greedy is one of the reasons why we always lose the opportunity to make a profit and always ended up having no choice but to wait for a couple more years for another ATH.

Diversification is definitely something everyone should consider, I have some money in gold, some money in some construction stock, and over 50% on crypto itself because that is the one I like the most. Don't get me wrong I am not even rich, this is all combined less than 5k dollars in the end, I have about 3k in crypto, 1.2k in gold and 800 in stocks and that's about it. As long as you can keep putting money back in to your savings as long as you can, you are going to be in big profit at the end, the point is to get retired early and enjoy life longer.

People end up working until they are 70 and that is not really a way of living, if you love your work and want to work until you die that is fine but that rarely happens, so if you can retire at 40 and live another 40 years all retired and having fun, that would be a good life to me which is why I will keep working to put money aside as much as I can until I am 40, I am not planning on getting rich tomorrow and make my decisions based on that.

Wair little more almost 2 month you will be surprise bitcoin will raised to 50k and Eth price will raise to 1600.
You have choose good coins and you can make a good profit. You can sell now hald reward but i will recommend you tp hold for atleast two month more

I agree. Holding would be the best decision you could make for now. If you wait a little longer, you will reap much more with what you sow. Who knows, maybe the value of coins now would be greater after some time right. Just whether your decision would be to hold or sell, think it over many times before finally doing it.

If you bought bitcoin a year ago the price of bitcoin was around $7500. Now the price of bitcoin is around $33000 and that is around 4.4x gains from the capital investment.

If you bought ether a year ago the price of ether was around $150. Now the price of ether is around $1300 and that is around 8.6x gains from the capital investment.

You say that ether is dumping but I would say that it's not dumping but a minor correction so that it creates a bigger spike in the market.
Don't worry about the short term dumps and focus on the long term gains. I guess you should not exchange your bitcoin for ethereum as 20 ETH is already a good amount to hold.
If you want you can take out a little profits now and if not then just keep holding your entire portfolio as it is for huge long term gains.

Why would you want to switch your Bitcoin to ETH when Bitcoin is actually gaining this time? Why not hodl both of those cryptocurrency and wait for the right time to sell them, I'm sure by the time to Bitcoin and ETH they were nowhere near to the current price today.

Just look at the volume of both crypto you bought and compare it to the time when you bought BTC and ETH last year. I'm pretty sure there's a big difference with them so why not stick your hope to both BTC and ETH. If you are still planning to hodl it for too long then why not wait when Bitcoin breaks another ATH and ETH would probably going to follow but I can't tell exactly when will Bitcoin is going to break another ATH again.

Ethereum vs Bitcoin is a confrontation that everybody in the crypto industry and greater community area observes intently.

Since these two crypto assets are tremendously different, it is hard to say precisely which is the best investment.

As a matter of fact, you can exchange 'em both at kucoin: BTC (https://trade.kucoin.com/BTC-USDT), ETH (https://trade.kucoin.com/ETH-BTC)

Bitcoin is currently 20 times the price per ETH; nonetheless, this wasn't generally the situation and was nearer to only 10 times.

I guess that you might have bought bitcoins around $4k to $8k and I don’t think it is going back to that $4k and $8k value again, if it’s going to drop it’s going to be around $12000 and $16,000. If you check the past charts it’s always something similar, the lowest price gets higher every time, so I believe that it has passed that level of below 10k.

But I am not so sure about this, since the price dropped from the last all time high price of over $41k, it has been around $30k and sometimes it will go up a bit, so I can’t predict what will be the next, just saying based on the options that you have given, the things that are likely to be possible.

I also asked this question and was sure that ETH would be able to show an excellent result and a good price, which to some extent happened, but not as much as I would like. Studying the history of the development of the crypto market and cryptocurrencies, I saw a certain regularity, a cyclical nature every four years, when at the end of each cycle the top cryptocurrencies show great growth. 2021 is just the last year of the next cycle and should show the same result, however, the situation in the world has changed somewhat and now there is some uncertainty. Personally, I decided to distribute my funds to several cryptoassets, namely BTC, ETH and LTC. As far as ETH is concerned, I still believe that ETH will show great growth this year.

Most people will never do something like what you are doing since for the most part they are only thinking about the present and never about the future, as much as I hate pension funds if governments did not mandated by law to have some of that money stored away for your future I am sure there will be many people that will literally have to work until the day they die, but just because that is the most common scenario that means we have to follow them and if we can retire early we must make an attempt to do it and bitcoin is the best tool to achieve financial independence.

If you are still holding the Bitcoin and Ethereum that you bought one year ago, you shouldn't sell it first. Because these two coins are very
profitable if they are in HODL for a long time. Then my advice is not to transfer your Bitcoin to Ethereum. However Bitcoin is still better than
Ethereum. So the wise thing to do is indeed invest in Bitcoin and Ethereum. Now the prices of Ethereum and Bitcoin are starting to slowly
increase, so it's very lucky if you bought them a year ago.

If you think Eth price is undervalued, then go ahead, invest in ETH. There are lot of people who think ETH price isn't reflecting its actual value and believes that it will skyrocket in the future. So, if you have the same feeling too, who is stopping you?
Though I wouldn't suggest you to convert your BTC investment to ETH. Keep holding your Bitcoin investment. Splitting between different coins will reduce your risks. Invest further in ETH only if you can afford to invest. If not, then just hold whatever you have for now.

Yep, especially ethereum. currently ethereum is very green and may continue to rise in price. I think if you want to get profit right away, you have to set the level of profit you get, so that you can get the maximum profit from the bitcoin and ethereum you have.

The question is, do you still hold 1 bitcoin and 20 ethereum now? Because if you already sell your bitcoin and ethereum, you will not make a big profit now. Bitcoin and ethereum can increase so high this year, so if you still have your bitcoin and ethereum, you can expect to make a lot of money from both bitcoin and ethereum. But we do not have an exact number on how high bitcoin and ethereum price will increase later because, in the crypto market, there are many possibilities for those coins to hit the very highest price.

Only he knows if he had or hadnt sold off those bitcoin and Eth and just like what you said if he had still able to hold off those coins then profits that the made are really significant

but if he had sell off earlier then it isnt still a bad call as long he do make profits then that would be still considered as a good move even though the profit is less but
profits will be still profits.

Questions on mind will really be popping out when you are actively trying to look on market price but if you do plan for long term then
these things wont really be bothering you.

Happy people who still have bitcoin and ethereum today, because we know that early last year the world was hit by a pandemic and not a few experienced difficulties. I believe that people will be forced to sell their savings because their needs must be prioritized rather than holding but neglecting their daily life.

so if there are those who still hold that it can be ascertained that they do not experience difficulties and have more funds, it could also be wholesalers and companies. It is clear that those who still hold BTC / ETH are the luckiest and deserving of the title of new millionaire, because the price of BTC / ETH is indeed high.

There is still a long way to go and it looks like bitcoin and ethereum will create renewable ATH so don't be in a hurry if there is no important interest to be able to hold it , because there will be something waiting for it.

If he still holds bitcoin and ethereum, I am sure he will have a big smile to see his coins giving him a profit. We see bitcoin and ethereum now is back to the high price, and even the ethereum getting an increase. He will really make a big profit this time.
Both bitcoin and ethereum now move higher after it was at a low price, and I guess that many traders are now selling their bitcoin and ethereum.

Bitcoin price at this time 37,776 and Etherium price is 1716. Both coin are marvelous in market and pumps in such a high way. If you have hold these coins you are in real profit. All traders will be happy now.

Your assumption is wrong because number of traders are actively buy and sell in Bitcoin and altcoin, so we never think only selling in the market. Incase only selling is comes in the market you see drastic dump in the market. Already many traders newly enter in the market so we see lot of growth will possible on further years. Bitcoin and Ethereum is two eyes of crypto currency so we can't analyse both the platform.

It's funny that in the beginning of the thread people are saying that OP is too late to buy ETH because "the market is dumping" :D It was only a few weeks ago and you can see how quickly things can change.

The cheapest way to exchange BTC to ETH is a coin swap feature available on some exchanges like coinbase. It allows you to turn one balance into another without fees.

Of course I wouldn't recommend going from BTC to ETH now because I feel like BTC is only waiting to explode again and ETH gained a lot in the last 2 weeks, so it could correct when Bitcoin starts to move above 40 thousand.

if you still hodl your bitcoin and ethereum until now, i'm sure you already made a huge profit mate, congrats!!
because you bought both cryptocurrency a year ago when the price still cheap
and i think its time for you to find another coins that will give you more profit such as "sovryn - brings defi to bitcoin" (https://bitcointalk.org/index.php?topic=5314067.0)
but, you must learn deeply before you drop your money

Maybe. If you see the market situation now, you will have a big smile, as I said, because the price increase so high, and it is back to $40k for bitcoin, and ethereum can break $1,600. So that means we are making a big profit, especially if we still hold some bitcoin. We can analyze the bitcoin and ethereum market, so we will have the opportunity to profit. Even if the traders are actively buying and sell bitcoin and ethereum, it does not mean we can not make a profit like them. That will depend on how we can analyze the market.

Bitcoin and etherem do have a very large price difference, but these 2 coins have made the cryptocurrency world uproar because both have developed rapidly, can produce new ATH, currently the price of BTC is over $ 37000 and etherem $ 1600, congratulations to you  who has these 2 coins, because it can make you profit, if you see the growth of these 2 coins, it is likely that they will increase even more than before, so save your assets first because they can provide higher profits in the future,

if you ask the real thing about these two coins are the same are the top coins and have good predictions and prices. if you sell all your btc in exchange for eth for me it is a tough choice i guess

Price is looking so awesome, but eth has much higher transaction fees as to compared with btc. Right now, I still prefer to choose bitcoin instead of ethereum because it remains consistent and never failed me on my profit. Most if the time I got some withdrawals from eth, is painful to think about $20 as an expenses for transaction.

for both of this coin, you dont need to worry for the long term investment. because this coin on first and second at market. dont be scare

At present you are in profit as both bitcoin and Ethereum are at their all time high. i don't think you need to convert bitcoin to eth or vice versa. You should keep both the coins as both of them have good potential for growth. As you know bitcoin is the king but at the same time there are lot of defi projects which are based on ethereum and we can see a big movement in the price of ethereum as it has so many use cases and projects.

Right now there is not a huge difference at least when it comes to profits when you invest in ethereum or bitcoin but as you say while this is true now I think that during the next months we are going to see bitcoin going up even faster than ethereum as more retail investors decide to invest in bitcoin out of FOMO, right now the price is going up and I think we can expect to see a few new all time highs as the chance for more and bigger profits will be taken advantage by traders once again.