Looking for Advice on Making an Investment

[twobits]

Hello everyone!

One of my friends has just entered the crypto world and wants to invest. He is able to arrange 2000 USD in the last week of October and he is seeking an advice on where to put that money. I am tempted to advise him to put 50% in BTC and 50% in ETH. However I would like a second opinion on same. Any recommendations?

(Just so that everyone knows, my/your role here is to only show him potential good coins. The final decision to do his own R&D and making final choices is his own liability and me/you nowhere to be blamed. Think of it as an introduction for a newbie.)

PS: Edited for clarity.

Catch the dip and you must not feel worry about that, because if the price will be back and your investment already got decent profit. But both are good coins, it depends on your froend's decision.
Think the ethereum will have some updates in the future.

[bitpeepcom]

Well, see it that way. If your friend asked you a few days ago, when BTC was like 4800 USD, he would be pretty upset today.
Especially if he has never watched the BTC charts before...

[funnyapple]

First of all stop advicing to others to invest in bitcoin because it is highly risky, for those who does not understand about bitcoin. Investment in bitcoin for those people who really understand about bitcoin and make profit from them.

[edmond_dantes]

Wait for things to get cheaper buy very cheap and hold for 10 years

[Beparanf]

First of all stop advicing to others to invest in bitcoin because it is highly risky, for those who does not understand about bitcoin. Investment in bitcoin for those people who really understand about bitcoin and make profit from them.

Yup, if your not  enthusiast on teaching it carefully then better not advised. Advising iis for those who are willing to be asked anytime and attentive to questions. Investing requires knowledge and research.

[CoinsCoinsEverywhere]

I'm a little surprised at how negative everyone is about giving advice.  I guess it depends on your relationship with your friend.  My brother got me into cryptos a few years ago right after the spike to $1100.  Even when I was in the red (which was the case for a while), I harbored no ill will toward him.  Actually, it was a lot of fun and it strengthened our relationship.

As for advice, to anyone looking to invest in bitcoin, I would say you should wait for a big drop to buy in (remember that price spikes in the past have been followed by 75%+ declines), and then do it slowly, as it's unlikely that you will catch the bottom.  As always, remember that making money off cryptos is highly speculative and extremely risky, and that you seriously need to consider what would happen if everything crashed and didn't recover.

[HeRetiK]

I'm a little surprised at how negative everyone is about giving advice.  I guess it depends on your relationship with your friend.  My brother got me into cryptos a few years ago right after the spike to $1100.  Even when I was in the red (which was the case for a while), I harbored no ill will toward him.  Actually, it was a lot of fun and it strengthened our relationship.

[...]

Not sure if others feel the same way, but I personally try to avoid giving advice regarding crypto less because I fear the ill-will of my friends but rather because I don't want to feel responsible for other people losing money. I prefer leaving that to bankers.

Nonetheless I had a good friend of mine enter the market during the run up to the 2013 spike. I did have a bit of a bad conscience when the markets looked really bad, but it was great to be able to share the excitement of coming out on top after a years-long bear market.