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Author Topic: Should I convert my bitcoin to Ethereum?  (Read 5776 times)
Latrix (OP)
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August 16, 2017, 01:07:41 PM
 #1

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.

Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.
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August 16, 2017, 01:42:42 PM
 #2

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.

Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.

It's a big mistake to trade your Bitcoin for Ethereum right now. Bitcoin is going to get segwit, and then lightning network, and then sidechains, and Blockstream just got Satellites out there to broadcast the Bitcoin Blockchain... so much exciting stuff happening in Bitcoin right now. I think everyone should have their main amount of crypto portfolio in BTC, specially right now, it's key to have as much BTC as possible.

Ethereum still has to overcome huge problems which im not sure they will be able to, meanwhile Bitcoin is sailing smooth, the only problem it has is the segwit2x morons being annoying again with the blocksize increase scam in November but we will get around that.
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August 16, 2017, 01:52:59 PM
 #3

Converting Bitcoins to Ethereum might cause you to make a good profit in short-term, if you are lucky. But I thing it is not a good idea. Bitcoin is becoming more well-known day by day and the best thing you can do is just hold any BTC you have.

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August 16, 2017, 01:55:32 PM
 #4

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.
no, ethereum doesn't offer much value. don't confuse getting pump and dumped and being a profitable speculative tool as offering value. the issues that this crypto project has are too many for it to have any value at all.

Quote
Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.
wrong again.
bitcoin is in the first place because it is offering something useful that people want and use. a decentralized currency

what does ethereum offer?
a platform to create ICOs and scam others easily!
it can't handle large number of transactions
the fees are high
creating a smart contract is not easy compared to its competitors and it costs more too.

Holding Bitcoin More Every Day
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August 16, 2017, 02:08:03 PM
 #5

Converting Bitcoins to Ethereum might cause you to make a good profit in short-term, if you are lucky. But I thing it is not a good idea. Bitcoin is becoming more well-known day by day and the best thing you can do is just hold any BTC you have.

I agree with you, bitcoin is in the leader position as the digital gold, and the ETH is useful for ICO project, so I think the best way to convert is joining some promising ICO project and make big profit.
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August 16, 2017, 02:09:30 PM
 #6

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.

Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.
Well it really depends on you if you really wanted to convert your bitcoins to ethereum now. Or turn yourself from bitcoin to ethereum. It depends on what you believe that will get you directly to your success or to your ideal success. You are right the Ethereums platform became large and became trusted by many alternative coins. So many partnership of both coins(eth and other coins). If you do believe in eth then go for eth, but if you believe in bitcoin go for bitcoin.
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August 16, 2017, 02:13:41 PM
 #7

Maybe you need to hold on your Bitcoin as it will having a segwit, it wil put a balance transaction on blockchain. by now ethereum are decrease its value better to hold and stuck on btc...
Latrix (OP)
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August 16, 2017, 02:16:29 PM
 #8

So i reckon keeping bitcoin is the better option. But i was wondering bitcoin value is able to sky-rocket overnight, it might go the other way too. Just pondering. i shall hold on and see how things goes. Smiley
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August 16, 2017, 02:54:43 PM
 #9

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.

Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.

Yes they are two have both value that we must look for converting bitcoin to ethereum are good but i dont see that it can be great cause btc are the one for me that is greater than ethereum that all of us can see maybe it is much better to hold it that what my opinion is.



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Latrix (OP)
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August 17, 2017, 06:24:29 AM
 #10

Converting Bitcoins to Ethereum might cause you to make a good profit in short-term, if you are lucky. But I thing it is not a good idea. Bitcoin is becoming more well-known day by day and the best thing you can do is just hold any BTC you have.

Cool! i shall keep and my bitcoins and watch the price rise again!
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August 17, 2017, 06:28:02 AM
 #11

Converting Bitcoins to Ethereum might cause you to make a good profit in short-term, if you are lucky. But I thing it is not a good idea. Bitcoin is becoming more well-known day by day and the best thing you can do is just hold any BTC you have.

Cool! i shall keep and my bitcoins and watch the price rise again!
that's the best thing to do or if you also love adventure why not place some stake with well know alts like eth,stratis and waves I think in the long run this
3 alts together with btc will bring you a huge profits and from time to time you will see updates and progress from those who hold it.
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August 17, 2017, 10:05:13 AM
 #12

if you think that ethereum has the power to soar as high as 1000 USD this year then it is much adored to invest into ethereum but covnerting all your Bitcoin to Ethereum is not a wise choice but investing a part of your bitcoin to ethereum is much considered like putting one third of your BTC and the other third is for other alt coin of your choice and the remaining third is for holding your bitcoin.
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August 17, 2017, 10:35:11 AM
 #13

when you diversify you do it with more reliable assets not with the least reliable ones.
right now ethereum is experiencing a lot of issues. the network was slowed down again recently and big exchanges were forced to disable it again!
and i don't think there is anyone who doesn't know ethereum is in an artificial price or as you may know it "a bubble".

wait around, invest in other altcoins and then when ethereum bubble was busted come in and invest at the bottom.

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August 17, 2017, 12:50:05 PM
 #14

Hold both of them. Now the most popular coins are Bitcoin and ETH. Etherium has smart contract that has created hundreds tokens. Many developers work with the tokens and made succesful ICOs. Now days, the growth of the ICOs majored by etherium token even though there are some alternatives like waves, etc , stratis and others new coins with smart contract. The investors are still familiar with etherium wallet though for newbie security of etherium wallet is vulnerable to hacking attampt. For veteran users , they don't worry about the security. Etherium and Bitcoin will be the biggest coin ever.
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August 17, 2017, 12:53:40 PM
 #15

Diversification in investing is always a good advice. If you only hold Bitcoins right now, I would take at least 30%, better 50%, of you Bitcoin holdings and invest them into some promising altcoins. I do not want to say Ethereum is a good alternative. Everyone has to do the decision on his/her own. Ethereum is a widely used platform for smart contract. You can aquire a small stake but also consider others like NEM, Golem, IOTA, Dash and so on.
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August 17, 2017, 01:01:34 PM
 #16

Yes diversification is always a good thing especially in trading but if I were you I'd retain my bitcoin and stay it as where it is and invest another capital for Ethereum. You might regret it after you know, that's just my point of view.
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August 17, 2017, 01:08:29 PM
 #17

Although bitcoin prices have great fluctuations and compared with a more stable ethereum, I think you will regret doing so. Bitcoin does have great fluctuations but they still have a good pump.

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August 17, 2017, 01:32:30 PM
 #18

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.

Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.
It depends on what you prefer, i also suggest that if you want to convert your bitcoin in ethereum make sure that the converting transaction is in its highest rate or if you want to invest in a project , i think you dont have to convert it in ethereum cause bitcoin is the most usable and known coin in investing to a ico projects.

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August 17, 2017, 01:36:52 PM
 #19

When investing, I’m a big fan of diversification of portfolios. I believe that both Ethereum and Bitcoin offer value, albeit in different ways.

Even though Ethereum is positioning itself to become a large platform, the fact that Bitcoin is so well known makes it the first place where people invest.
It depends on what you prefer, i also suggest that if you want to convert your bitcoin in ethereum make sure that the converting transaction is in its highest rate or if you want to invest in a project , i think you dont have to convert it in ethereum cause bitcoin is the most usable and known coin in investing to a ico projects.
It really is up to him if he wanted to exchange his Bitcoin out to Ethereum. There's nothing that we can do or say that will influence his decision because he might've made up his mind on it already.

Since we are only throwing some ideas then I would start off by holding Bitcoin then whatever payments I get beyond a certain amount of coins I would send those coins somewhere and have it exchanged to Ethereum.

Messing around with Ethereum contracts if pretty interesting as well so having some money in Ethereum could be a good thing if you're into that kind of stuff.

 
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August 17, 2017, 01:42:47 PM
 #20

Diversification is the smart way to go, even if you only believe in Bitcoin. At least hedge a small fraction in the top 5 if you hate them all. It isn't about personal belief after all, just a way of securing your basket.

Actually, out of crypto is also a wise diversification. Yes, store a small amount in fiat bank savings. Do it.

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