Bitcoin Forum

I just checked my Metatrader charts today (in fact I use for analysis on crypto currencies majors)
Bitcoin has made a huge dip...
Some are wondering how deep this correction will dive...
Since predicting the market is all about probability I think the best time to buy is now 47,000- 43,000 range...
If you check it on the 4 hr timeframe, there was a resistance there before it broke out on the 12th of this month....
And if you are an experienced trader... A broken resistance always turns out to be a support...
If you want to buy....
Now could be the best time.... Am like 90% sure of that
My post is open to scrutiny....
Drop your suggestions!

Wrong! Predicting the market is about using solid science and proven math calculations with confirmed sources. When you use that method you can clearly see now is a very good time to sell and short at maximum leverage.

I strongly disagree with you....
Am very sure you don't know about price action....
This prediction has a very high probability of turning out....
Look at your ethereum chart....
Just take a look at it...
Its already making a reversal..
And you will see its consolidating from its previous support of $1500...

The stock market is a stochastic random walk so it’s non-predictable by definition and proof. If you could predict it you would not be here...

Then you agree with me that its a game of probability then??
Yes...
You don't need to answer...
Look at your Bitcoin/USD charts....
Now tell me which has the higher probability?? BTC making a reversal or continuing in its trend...
Remember the markets has a memory ;D

It is a game of probability so yes I agree.
Bitcoin does have a pattern making it more predictable. The nature of halvings prescribes deflation.

This looks like a correction and I believe we are not at a reversal yet. It’s just BTC changing hands from weak to strong...

yes! thats a perfect for buy, but if you want to be safe, then buy at support $ 40k to $ 38k, because that is the strongest support from bitcoin. bitcoin is trading at $ 48K now and will probably retest to $ 52k before the price drops back,
if it is true that March is a bloody month, then an eliot wave will occur.

Thats too big a dump for one time....
At least you said March...
We are still days away....
There's still a chance for a bull run before that happens

You were right. The price of Bitcoin at this point is already $50,500 but it went as low as $45,200. That's already a $5,000 difference. If anybody believed your signal that anywhere in between $47,000 to $43,000 is buying time and have made actual buying, they have already made a significant profit.

I think the price right now is still falling within the buying range. Bitcoin is still eyeing $60,000 within the first quarter.

Right, the $45k is the best buy for bitcoin, so it was a swing from $57k-$45k which is more than 20% 'healthy correction'. And now that the price seems to stabilised around $50k so that golden opportunity may have  gone for good.

$60k will be doable next month, and just like we have seen in January wherein it went as low as $28k but we have a good bounce to $57k. So $60k or even higher could be achieved in March.

If you believe the price will get to $1M, probably in the next cycle, it doesn't matter. Buying some bitcoin $1k cheaper or more expensive won't make much of a difference. Just buy and hold. If you wait to get it $1 cheaper you risk waiting while it goes up a lot and you have to buy much later and much more expensively than you expected.

$60k in March shouldn't be hard imo. That barrier was almost hit this month. Good news about big tech buying Bitcoin pushed it and ordinary people should join the race too. We still need more adoption to pass this tiny barrier and in a couple of months maybe, the psychological $100k barrier!

Trading decisions are sometimes made according to the personality of the trader, many say that it is a good time to buy, according to what little I know, it is bad to buy at highs, but to buy it is better to do it when millionaires do it, and the best way of knowing it is studying the volume, very few read the volume and focus on chart figures.

Nice dip to load up more! I don't have much extra money to buy more but I did pick up a little bit more at $45,550 cuz I saw $45k and I was like ok no way I just let this opportunity pass!

Since we literally just got out of a major correction like two weeks before this drop I don't expect this one to last too long. Market just needed to find some support after blasting up $20k in two weeks. Great time to buy for quick returns if you're a trader, or just to accumulate cheap btc to hodl.

We have to hold a stronger grip now that is the right buy, when the correction occurs there is a little bit of panic and it will not take long if we are sure with a purchase under $45k maybe the profits are in sight just a matter of hours bitcoin has jumped again but now I more confident $50k is still below after entering march we will see how bitcoin will touch $60k and above.

I also actually want to see how bitcoin moves in the second quarter, will it be the rest of the first quarter or indeed the peak is 100k, as many predictions have previously imagined?

That's right. $60,000 within March is probably going to happen. But it seems that the battle is happening right now at $50,000. If Bitcoin will be able to get away from this hard level, it might very smoothly reach $60,000 in the first half of March. But I don't think Bitcoin has already a very strong grip on $50,000. We are still seeing $49,000 level prices every now and then. Bitcoin's hold on $50,000 is not stable.

The price now breaks the $51k level, so we will have the opportunity to back to the high price while still having a few days until the end of this month. Hopefully, everything can back to $58k before or after next month, giving more chances for bitcoin to still increase. I think the perfect day to buy bitcoin is already coming yesterday when the bitcoin price goes down below $50k, but you can buy bitcoin at the current price. But the perfect time to buy bitcoin is when the bitcoin price is down deeper.

I checked CMC right now and it has indeed broke $51,000. It is already almost $51,500 to be exact. I think this is the beginning of the rebound. The correction recently was deep. Bitcoin fell down to as low as $45,000. With the success of Bitcoin's price to stay away from $50,000, I think we are now ready to go up targeting $60,000 within the next two weeks at least. If things are working normally, $60,000 is really within reach in March. If some whales will dump, then it will not be met this time.

Lmao



10,000dollars can still make huge difference...
Am speaking as a trader... Not a long term investor....
In fact I don't HODL any coin... I seize the swings

Sadly this solid science you are talking about also declares a probability of the price trend.  So the core purpose of this said process is knowing which trend has a greater probability of appearing.


No one can clearly see the trend since all those predictions using this so-called solid science and mathematical calculation always have this "if" statement meaning they acknowledge the possible opposite outcome of the calculation nullifying the "clear" state of the prediction.  And btw, there are lots of instances where this kind of method is proven wrong by the Bitcoin market.

Its always the right time to buy.  If you think bitcoin will be higher than it is on a given day at some point in time in which you are willing to wait for than cost average on the way down or on the way up, either way no sense trying to time crytpo markets.  Its a losing strategy trying to bounce completely in or out of the market.  Buy all the dips :)

We will have to wait for bearish market and see the dips of bitcoin price which is closer to $30k or lesser. It's not that easy for now because we're still at the top and when someone or more people dump, there's still individuals who wanted to find a good opportunity to buy on that level. So we're not sure yet to see faster dips to be initiated this time, it could take more months to go.

Different people use different methods to trade the markets, there are those that like to enter the market when there is a high chance that the market moves in one direction taking into account its previous patterns, obviously not everyone likes to trade like that but if done correctly then that kind of strategy can still give profits, the price right now is siting at 47k which to me seems like a perfect opportunity to buy bitcoin as I have no doubts that we will go above 50k during the next weeks.

Once you see some stability happening and prices being settling around that range then always have a proportionate amount to start buying from those levels. You can obviously buy later on too on further dip, but at this time when big institutional investors are involved and with their huge qty the price surge can happen real quick and do not want to miss out that further ride by staying away from it.

The perfect time to buy bitcoin is when the price is down deeper, but we can't detect when that time will come. It is no problem if we can't get bitcoin at the lowest price because as long as we can buy bitcoin at the lower price in the downtrend, that will be a perfect time for us. We must analyze the market before doing something because the market can turn up after down for a while. But we never know when the correction reaches the lowest level, so if we can buy at a low price, that will not be a problem.

If you are in bitcoin investing for the long term, why wait for the lowest point when you know that any time is the perfect buy time, its just that at this moment the price were down so they are far better time to buy. There is risk that when the dip that you bought is not the lowest point but that is not the point, the only thing that you need to think is that it can't go down forever so you just have to buy more at lower prices and wait for it to go up again and get a bigger profit.

Although every time is perfect to buy or invest in the market but despite that, every cryptocurrency traders/investors still need to know his limit in terms of making a profit which is what I think Luqman was trying to say when he every momentum of the market is not always the perfect time to enter the market and the last time I checked we still don't know when this bullish market will end.

Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

I did not expect that the price of Bitcoin could drop to $ 44k, finally the $ 45k support price was not strong enough to withstand the fall of
the Bitcoin price. If like this it is possible that the Bitcoin price could go down to the next support price at $ 38k, but based on my analysis
the Bitcoin price is unlikely to fall below $ 35k. So keep calm for Bitcoin holders, if you want to buy Bitcoin I suggest waiting until the Bitcoin
price is about $ 40k.

The price of bitcoin is down 10% in the last 24 hours and down almost 13% in last 7 days.

If someone is looking for the perfect buy time then I think this is a good opportunity.   

I dont think the price per coin will drop much lower then $45k.

It's really very simple.

Buy low, sell high.

Well the price is low now, so buy buy buy.

The only limit should be how much money that someone should be able to use to buy cryptocurrency, if you were to wait for it to really go down then you might be missing out something. Like everyone says about how they do not know when will bitcoin price stop from going up, that same thing applies with the price going down, if you were to buy when the prices are down and it still sloping doesn't really matter, what matters is that you didn't let the opportunity to buy at lower price and what if you didn't buy because you believe that it will go down further but the next day it suddenly reached another ATH?

The sign is already there, as we can see the price goes down again to $45k so I wouldn't say that you are catching a falling knife here. So this is another great buying opportunity for us, although my buy order is around $42k-$43k, but I wouldn't mind stealing some at today's price. And I will add that we are happy to see some corrections at this proportion because bitcoin will bounce back real hard @$60k next month.

Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself...

I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so...

That's true, this time of the year isn't the best for the price of bitcoin. However, this new low may attract more people or organisations to join the race and buy some coins. Tighten your seat belt, it's gonna be a wild ride soon to the new ATH :D

The new low at $35k after it came down from well above 100k will be scary as fuck but that’s how you make money. You should down a bottle of whiskey and go for it and don’t look back until at-least after the halving...

I could have said same becasue of the current market movement but that won't be possible now. The institutional buyers have taken into some sort of hiding to allow the market dippen the more before they buy up again, when this correction came into play, i thought it to be around the $50k but later went down to $48k and currently seem to be moving further from what i called the support. Possibly, my suggested point to buy Bitcoin is when the price hit $30k

The amount of money an investor/trader can invest shouldn't be the only limit cause some additional perspectives also need to be added in other not to make a wrong investment decision.
Having much thought in not missing the dip trend the market present can lead to greed and making a loss why not let the market make a new ATH price if it wanted since there will always be a new opportunity in the market. Mind you after this bullish market blood bath will happen.

This cost average strategy is what I will be looking into next... Already my prediction seems to be failing.... It made a mockery bull run then went all down hill again....
Is this cost average strategy not the same thing as buying all at once at the same time??

Hang in there. There is a positive upward thrust coming.
HODL for now...

Dollar cost averaging is a strategy where you buy/sell at fixed intervals to spread the price...

Yes this is the time to accumulate. When btc reached $56k, everyone was wishing of having bought it when price was low.
This is the time if you don't want to curse yourself again during next bull Run which is closer than you think.

Yes, but I think it would be better to be more patient to buy, because a sharp decline does not guarantee that for the following days it will rise quickly. In the near future I still believe the decline will still occur so yes, this period I don't think is the perfect time to buy. But if the price is in the 40k-45k range then I think that would be the best time, just to anticipate a sharper drop and consider the ATH value.

Unfortunately not a lot of people see it that way, I do agree that price will be fine, however I am a bit more relaxed because I believe it is not going to be that shocking even if it drops to a level like 10k because I am a long term investor and bought much under 10k so even that wouldn't be a big deal for me, yet I may get upset about how much money I could have if I sold at top I could profit so much which means I should be worried too but I am not.

Of course bitcoin could drop a lot as well not like we have a secret that we are not sharing, however it is obvious that with so much money coming into bitcoin constantly non stop both from regular people but also from huuuuuge companies, it is unlikely that it would drop too much.

I could not agree more! Dollar cost average fans will be happy at whatever price coming up to their main targets and dips like these just mean more bitcoin per buy.

I think it's good to let things settle anyway, the mempool needs to clear (same as ETH) and people will be clearing out backlogs and sellers will die down after this for another good pickmeup on the way.

We're not at a bad place:)

A classic example of misrepresenting TA as some sort of crystal ball into the future.

Looking for patterns in a graph simply won't help when the macro trends are against you.

I'm not saying that they are though. I do think with the current level of institutional participation and market fervour that the FOMO will continue until at least the end of the year. I just don't think it's a very bright idea to "buy the dip" every time because of an iffy "resistance" or "support" level that may or may not exist - it is much safer to approach the analysis from a fundamentals perspective.

Perfect buy time?
All would be random because predicting the bottom price is unknown or cant really be predicted and that what makes this market so unpredictable.
Dont mind on trying to get the perfect bottom because this will just cause out some stress and hurrying up on oneself to do thing just because you dont
like on missing out opportunity and trying to make perfect entry.Dont to that because being perfectionist will not really be that much
ideal on this market.

a year ago and two years ago I bought a lot at the end of February and the market became a dump when it entered march. I don't know if this will happen again. I just bought back with $ 3k for bitcoin. If there is dumping in March, then the month of March will continue to be a month of bad luck.

Investors will have a hint on what to expect this coming March if it's true then I will try to generate funds and buy more Crypto I don't consider the month of March the month of bad luck I will consider it a month of opportunity, this year will be very much different and this year is just a continuation of bull run, it will continue even to the month of January next year.

Very jealous of people who managed to buy during March. I did get some btc myself from regular payment in that period, so of course happy that it all went up after that but it was still very small amounts to compare with people able to buy whole bitcoins in that March time.

I doubt we're crashing there again in perfect annual repeat though. This is just markets responding to traders reaping in their profits.

Perfect time is depends on a person of what they think is the best time to buy bitcoin or any coins. If you want a shorterm it is the good time because market dump in the last few days and other traders are doing this and they will get a some profit but you need to know the flow of the market before doing a shorterm trading. Usually they do that once a market dump like this week.

The correction has never failed for traders to make a profit, if you are trading or investing for a long time, you'll know that the profit is never-ending and the way to do that is through correction, buy low on correction sell high on the pump, then repeat over and over again for a quick profit again and again.

It does guarantee that it will go up, it just doesn't guarantee that it will go up right away, so the guaranteed part is "it will go up" but that's it, it doesn't say if it will go down more now, if it will go up right away, if it will go down to 10k, or if it goes up to 100k, there is absolutely ZERO information about what is going to happen, only thing 100% known right now would be price will go up in the future for sure, and that is where we are right now, it is down now and it will go up again, which is why there are plenty of people buying as well.

Why do you think price dropped 10k+ and not dropped more? Because people realized since it dropped, there is absolutely nothing at all that would be hurting our situation as long as we can wait enough, which is why I believe there is a situation at hand where we could potentially do better and get bigger only if we work together.

Hopefully, that will not happen in the next month. But if we can be wise, we should prepare for anything that can happen to buy more bitcoin if the price is down. But if the price is not down, we can prepare for selling the bitcoin at a high price. But yes, I agree that we should tighten our seat belt and always be careful when deciding. Do not rushing or panic when the price is down, so we can see the chance to buy bitcoin at a low price.

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

Its very clear to me you trade the markets....
I don't own actual Bitcoin...
I trade it using a broker instead...
If you are a trader I would love to forge a friendship....

Nothing beats the Fundamental perspective but with TA being reinforced, we can see a more accurate price prediction than just TA alone.  And buying the dip is always good in my opinion if we are into a daytrade since we can easily sell it at a profit if everything went well, but of course long term hodl and selling at a perfect time is the most profitable venture.


Well, I happen to believe the Bitcoin 4-year cycle so this drop is just another higher low, and the bitcoin bull market doesn't end here (as per the 4-year cycle).  In that theory, Bitcoin will continue to surge until the end quarter of this year.

The support around $45k has been broken, we barely above $46k now, so the price can drop at $40k is possible, specially others have said that the usual bearish trend starts this March. So correction hasn't stop yet, or at least the price will be in sideways pattern again.

And all I can say for every dip we've seen? BTFD, this strategy never gets old, simply and yet very effective for all traders, from average Joe' to whales.

Who knows about that?
If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that.
This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy.

Well, how can we know if it is downtrend? I mean obviously we do not know if it is going to go up neither but we do not know if it will go down too, so basically there is really nothing we could do by that logic, if we do not know what is going to happen and if we do not know what is going to happen then how could we invest into anything? Because, if we do not know if it will go down or go up then how could we invest to only things we only know about? Nobody knows what is going to happen but invest anyway, that is the case and this is one of those cases.

I invest because I believe it will go up, and I do not care if it goes down neither because I want to invest more and more right now as well, I do not care about this bull neither, I do not care about the next one or the one after that, I want to be here for 10+ years and if I can do that, it means I could actually end up profiting a lot, so the drops today doesn't scare me.

At the moment we are speculating that this is a correction and not the beginning of the bear market. The difficulty in predicting the price is to guess by how many percent the price will fall during this correction. Many speculators assume it will be around 35%. So, answering your objections, I will answer that if this is not the beginning of the bear market, this correction is just over and this is a good time to buy.

No one really knows and if they do then we are all rich here or to those who do make trades that are waiting for the bottom price.This market wont be called speculative
if prices were predictable in the first place this is why this kind of question is a bit nonsense because perfect buy time doesnt exist but rather this is a kind of decision
that someone would really need to make depending on how much he can risk off.If we can see opportunity to buy cheaper price then why not?
It is just a matter of risk taking and dont mind off with those bullshit perfect buy time line because thats actually a dream on pointing it out in the first place.

Nobody knows but you can set certain boundaries to price and take an approach based on probabilities, that can prove profitable so far as I know as the trade will pay more often then lose if the theory is being applied correctly.

https://talkimg.com/images/2023/06/12/AjJaT.png

Simple take here is price rising while above a 12hr average, it wont stay there always but theres a regular pattern to most days of price action.      The upper price right now is 2 day average, thats a simple take and above that I was speculating about a 50k ceiling matching prior lows.   So long as we can draw conclusions based on prior action its often a reasonable point of view and markets tend to repeat in waves.

I have always though that the perfect time to buy bitcoin is when its price has been relatively stable for months, obviously this is not something possible when we are in the middle of a bull run but this can be done when the market calms down after one, if done correctly this strategy guarantees that you buy bitcoin near the bottom and that for the most part you will be in profits in a matter of months and for the most part you will have a very easy time holding your coins.

It is more profitable to invest in bitcoin for a long period of time because this currency has a rise and fall. No one can accurately predict when the price of this currency will rise however, the perfect time to buy bitcoin is when the price of the currency continues to fall then it is possible to make a profit if the price rises long term investments have to wait patiently and believe the market will improve. The crypto market will go down but will go up again currency prices have plummeted but it's a good time to buy.

True, but psychologically speaking that is something difficult to do, buying when the price is going down makes sense but people have the tendency to think about what will happen if the price keeps going down and most people unfortunately will not be able to endure the market moving too strongly against them and then they will sell for a loss, so to me it seems better to wait until the market becomes relatively stable and you buy during that time, it is true that it will take some time for you to see profits but the chances you see an important movement against bitcoin under those circumstances is low.

Ok my prediction had turned out right after all...
Bitcoin is at 51k again....
And it didn't drop past my specified spot...
Now that's a big A for me

You didn't specify any point in your few posts. Or I didn't find it.
You just mentioned what was a good buy point in one of your posts.
Also I see no basis for your analysis which is OK in speculation.
But yes it didn't go below $43 - $47k ...

Yeah a bigly A for you *clap* *clap*  :-* ;D

What is your goal? If you mean buying the Bitcoin for the long-term investment, it is better to wait for the bearish. But if you mean to buy the Bitcoin for a short-term goal, every correction is the right time to buy as long as the market still continues the uptrend phase. However, don't buy carelessly or blindly even if it is a correction phase, do your own research. It is better to buy at the lowest rate to make it easier taking profits then.

And yet we are in the $54k range again, yeah it did drop to $43k, a 26% if I'm not mistaken, but the price has bounce back already and we may hit $57k or even more.

And if someone bought during the dip, congrats and *clap* *clap* because you have made profits but pointing the obvious.

Timing is important, you'll be able to acquire this as experienced provides good basis in

positioning your entry, there are times that anticipating what makret brings you gives

you the hint, it's not easy and it's needs a risky decision as knowing what will happened

after purchasing your assets is for the future to provide. buy and trust your own instinct

that way you'll going to stick with plans that you have created instead of following how

fuds creates.

Perfect buy time will always talk about on the bottom price when a certain correction do happens but is there someone who could actually spot it out precisely?I dont know if someone
does that but for sure in using up lots of combinations of technicals then you can presume out those levels but not on that 100% precision.

Perfect buy time can also be considered into those times that you had at least able to buy back near to the bottom but we cant determine if thats the bottom until the price
had recovered and this is what makes the market so hard to predict on.

What matter most here is that you do able to make money in short span of time on dealing with prices without needing on waiting for long time.

I’m merely pointing out that there was no analysis, just a vague reference to a number.
Anyone buying any dip will make profits...

Yep, that's actually what I explained in my statement above. That's why I said "don't buy carelessly or blindly even if it is a correction phase", which means that still consider everything before buying a crypto coin even it is in a correction phase, the time of buying will have a big influence for your possible profits and time to sell. Experienced traders or investors must know about it well, they usually have certain ways to determine the right time for buying, including joining professional signal groups.

When there is a clear uptrend in the market, buying at any correction (no matter how big it is) should pay off very well. This can be a problem only when we make a mistake and it will not be a correction, but the beginning of a long bear market ;)

and finding it out would be the biggest challenge of all on where you dont know on when the market would have its trend shift where bullish turns out to be bearish.

This had been always the challenge of most investors or traders where knowing the possible hints or signs of a possible trend change.You can actually play with the prices,

as long you do know how to play with volatility then you can really make out some money but if not then better held off your position.

If you intend to invest in Bitcoin in the long term, there is no need to buy Bitcoin when the price is correcting. Buying at any price Bitcoin will be able to
make a profit in the end. But if indeed we are trading Bitcoin and want profit in the short term, we must buy Bitcoin when the price is being corrected.
Unfortunately Bitcoin price is now at $ 55k, which is too high to buy Bitcoin. So if you want to buy Bitcoin I suggest at least wait for the Bitcoin price
to drop to $ 47k.

At the time of posting by OP, he said that it's the perfect time to buy on February 23, 2021. Upon checking the 4 HR time frame at around that time, it seems to be the perfect time for it. Highlighted when BTC was oversold and perfect time to buy.

https://i.imgur.com/GEkxDh3.png

You would've gone up to 25% in that single trade. You would just have to hold for a couple of days. That's still impressive. Did somebody follow OP?

Of course, timing the correction by looking at the charts should pay off handsomely. That is if you have the expertise to do so. But for noobs, they just listen to these so called influencer and market analyst to buy and then get REKT overtime because of wrong timing.

Well if it is the beginning of long bear market, then so be it, no might not make the money you dream of. But you can still stack up those coins and wait for the next cycle to occur.  ;D

I did say it was the area of support didn't I??

And I was using price action  ;D

Every price correction is an opportunity for the investors but sometimes we miss it because of some worries that it dumps more after we buy. But the truth is that we couldn't find the perfect timing in crypto as it really hard coz it is unpredictable. If we are trusting Bitcoin we have to buy some even the market isn't the correction bearish season coz we know that Bitcoin will move higher in the coming years. Only we need is to patiently wait for that moment and never ever be get affected by the FUDs.

At the time of posting, I was using a faulty phone, I did some screenshots, sent it to more than one friend on WhatsApp....( Plus I still don't know how to go about posting a picture here)
It was exactly like yours....
The analysis was almost the same for ETHEREUM....
You can ask Wilhelm...
First page...
He was here the first day I posted it...
Not to brag....
It's my first price action analysis that I really saw things clearly and was so sure...
But then I didn't execute it....
Low equity

I’ll give you credit as long as you remain bullish on Bitcoin  :-*

It’s emotions, we all have them, they only kill your ability to trade proficiently.
I’m trying to learn to buy when shit is burning and sell when everyone is crazy and ecstatic.
With BTC you know it will always go up. The timing just helps optimize profit. If you buy the ATH you just have a 4 year wait, but after that you can multiply your money.

Ethereum is slightly more scary to me. It can go up faster than Bitcoin or wither away like LTC. I only have a few to make some side cash. Made quite some on it so was worth the buy.