£500 to spend, on Ether or Bitcoin?

[rafter_01]

Hi All,

I have just over £500 to spend and I'm not sure where I should be investing this.

Do I buy a small fraction of a bitcoin or buy 2 ethers?

What would you do?

I'm looking for some long term investment.

Also, i'm hoping to contribute £100 per month towards either one but not sure which direction I should be taking.


Many Thanks

[1714130441]

1714130441

[amaral1977]

I replied to a similar thread yesterday. if you research a little you will find good answers to this kind of question around the forum.
Anyway, as you are new and still adjusting to the forum i´ll leave my opinion and don´t take it as finantial advice. Just an opinion form a random guy.
1st: i´m a little ceptic about ETH. so i tend to prefer other smart contract platforms.
2nd: I try to diversify so to answer you directly i would buy a little of both. even with 500pounds.
3rd: even with 500 pounds i would diversify even further and would throw some pocket change into a small project of my choosing. I can think of DGB or XBY but there are dozens really. That way you get the security of the biggest crypto, BTC, diversify to a well established alt in ETH and make a riskier investment in a smaller coin that could pump for huge profit.

[Iyeman]

Hi All,

I have just over £500 to spend and I'm not sure where I should be investing this.

Do I buy a small fraction of a bitcoin or buy 2 ethers?

What would you do?

I'm looking for some long term investment.

Also, i'm hoping to contribute £100 per month towards either one but not sure which direction I should be taking.


Many Thanks

Why not to go to the altcoin if you are having limited amount to invest in the crypto, as far as i can see the ether and bitcoin looks same right now, but the price of bitcoin was too high if you are not having a lot of money invest in both will never give you a decent profit

[rafter_01]

I replied to a similar thread yesterday. if you research a little you will find good answers to this kind of question around the forum.
Anyway, as you are new and still adjusting to the forum i´ll leave my opinion and don´t take it as finantial advice. Just an opinion form a random guy.
1st: i´m a little ceptic about ETH. so i tend to prefer other smart contract platforms.
2nd: I try to diversify so to answer you directly i would buy a little of both. even with 500pounds.
3rd: even with 500 pounds i would diversify even further and would throw some pocket change into a small project of my choosing. I can think of DGB or XBY but there are dozens really. That way you get the security of the biggest crypto, BTC, diversify to a well established alt in ETH and make a riskier investment in a smaller coin that could pump for huge profit.

Hey Thanks for your response.

I have already invested in altcoins such XEM, SIA, IOTA, DOGE, VERGE & RIPPLE.

I have £500 left to invest and bitcoin and Ether seem to be the ones that will around for a long time. So I was hoping to have some high level Cryptos in my portfolio.

[rafter_01]

BTC is so high atm, ?500 wouldn't do much for me. Unless I put the initial ?500 in BTC and added ?100 per month to it?!! But what if the BTC price doubles in a short period that would mean my buy would be peanuts.

So confusing

[Quietman]

BTC is so high atm, ?500 wouldn't do much for me. Unless I put the initial ?500 in BTC and added ?100 per month to it?!! But what if the BTC price doubles in a short period that would mean my buy would be peanuts.

So confusing

Almost every month you can see a change in price on bitcoin. If you are going to observe there is a decrease on the price of bitcoin but it always recovers. And when you're going to consider the foundation of bitcoin, it is probably the most firm coin in the cryptocurrencies. There is a bigger chances that your investment will double in short time as well.

500£ is quite a small investment for bitcoin but it will profit too.

[rafter_01]

BTC is so high atm, ?500 wouldn't do much for me. Unless I put the initial ?500 in BTC and added ?100 per month to it?!! But what if the BTC price doubles in a short period that would mean my buy would be peanuts.

So confusing

Almost every month you can see a change in price on bitcoin. If you are going to observe there is a decrease on the price of bitcoin but it always recovers. And when you're going to consider the foundation of bitcoin, it is probably the most firm coin in the cryptocurrencies. There is a bigger chances that your investment will double in short time as well.

500£ is quite a small investment for bitcoin but it will profit too.

I know £500 is small but for the current price of a BTC (approx. £2900) that is just over 17%.

Imagine BTC price went up to £5000, 17% would become £850.

I'll be adding £100 per month to it too

Also, do I put the money in now or wait for the next crash if there will be one?

Cheers

[Nascor]

I'd recommend ETH

With ETH you can more easily invest in ICO's if you decide to do so

you can divide it by five and invest hundred to five different ICO's (which you've researched carefully and believe will have a future)

you'll have higher return on investment this way than just holding ETH or BTC

[777Bitcoin]

Why not on both £250 on bitcoin and £250 on ethereum it is more safe at that way and more practical I think. You can be sure of profit at that than putting all in one investments because they're performing good at this moment. If your intentions is to hold that would be the best option that you can be. Hope you got your answer and turn advantageous to you.

[rafter_01]

Why not on both £250 on bitcoin and £250 on ethereum it is more safe at that way and more practical I think. You can be sure of profit at that than putting all in one investments because they're performing good at this moment. If your intentions is to hold that would be the best option that you can be. Hope you got your answer and turn advantageous to you.

thanks for your advice but my only worry is, ether might just randomly die out whereas I'm confident BTC wont.

[AtheistAKASaneBrain]

I replied to a similar thread yesterday. if you research a little you will find good answers to this kind of question around the forum.
Anyway, as you are new and still adjusting to the forum i´ll leave my opinion and don´t take it as finantial advice. Just an opinion form a random guy.
1st: i´m a little ceptic about ETH. so i tend to prefer other smart contract platforms.
2nd: I try to diversify so to answer you directly i would buy a little of both. even with 500pounds.
3rd: even with 500 pounds i would diversify even further and would throw some pocket change into a small project of my choosing. I can think of DGB or XBY but there are dozens really. That way you get the security of the biggest crypto, BTC, diversify to a well established alt in ETH and make a riskier investment in a smaller coin that could pump for huge profit.

Hey Thanks for your response.

I have already invested in altcoins such XEM, SIA, IOTA, DOGE, VERGE & RIPPLE.

I have £500 left to invest and bitcoin and Ether seem to be the ones that will around for a long time. So I was hoping to have some high level Cryptos in my portfolio.

If you have already a set of altcoins in your portfolio then go all in on BTC with the rest. Remember that Bitcoin is king and if Bitcoin crashes all of your alts will crash. Bitcoin is going to the moon in the long term, that is guaranteed. Most alts will fail. Sure some of the alts will make people rich overnight, but the odds are against you.

Buy and hold BTC long term for guaranteed riches.

[rafter_01]

I was thinking the same.

[bering]

that's quite hard if you want one of them could provide contribute £100 per month because the movement market price for Ether and bitcoin quite unpredictable and also there is no guarantee holding for them will profitable for long term however if you're dare i did suggest to you just stick to bitcoin

[harizen]

I know £500 is small but for the current price of a BTC (approx. £2900) that is just over 17%.

Imagine BTC price went up to £5000, 17% would become £850.

I'll be adding £100 per month to it too

Also, do I put the money in now or wait for the next crash if there will be one?

Cheers

thanks for your advice but my only worry is, ether might just randomly die out whereas I'm confident BTC wont.

I was thinking the same.

Based on the responses you made here, you have some insights and quiet made an analyzation about what really best based on your preferences.

Trust your judgement since you can backup it. Investing in Bitcoin covered the majority of your decision so just push and pursue since after all we are talking about long term investment here.

[amaral1977]

BTC is so high atm, ?500 wouldn't do much for me. Unless I put the initial ?500 in BTC and added ?100 per month to it?!! But what if the BTC price doubles in a short period that would mean my buy would be peanuts.

So confusing

Almost every month you can see a change in price on bitcoin. If you are going to observe there is a decrease on the price of bitcoin but it always recovers. And when you're going to consider the foundation of bitcoin, it is probably the most firm coin in the cryptocurrencies. There is a bigger chances that your investment will double in short time as well.

500£ is quite a small investment for bitcoin but it will profit too.

I know £500 is small but for the current price of a BTC (approx. £2900) that is just over 17%.

Imagine BTC price went up to £5000, 17% would become £850.

I'll be adding £100 per month to it too

Also, do I put the money in now or wait for the next crash if there will be one?

Cheers

With BTC goping to such high levels i think we have to get used to think in SATS sometimes. 500pounds is not huge, but i dont think is that low either. And in my opinion BTC is a MUST in a crypto portfolio. For several reasons, from wich i can add 2 or 3..

BTC is the most widespread entry point for cryptos along with ETH for ICO´s.
BTC has proved itself overtime, so it is not expected to "die" anytime soon.
Being crypto a risky investment, i see BTC as some sort of refuge, so the less risky in a risky world.

[xSkylarx]

Divide that money into two and use the divided amount to invest in ether and also in bitcoin so you will not miss the possible outcomes in the market of ether and bitcoin and i think that you can get a good gain in those two if you will just keep those two for long term.

[iram1011]

Diversify your investment in both of the currencies. They both are best long term bet. £250-£250 in both will be a good start. In future keep on increasing both of your holdings by investing more. Diversification is simple and the best strategy in investment.

[rafter_01]

Thank you for the responses so far.

Shall I invest now or wait for the next crash or dip? If there is going to be one?

[777Bitcoin]

Why not on both £250 on bitcoin and £250 on ethereum it is more safe at that way and more practical I think. You can be sure of profit at that than putting all in one investments because they're performing good at this moment. If your intentions is to hold that would be the best option that you can be. Hope you got your answer and turn advantageous to you.

thanks for your advice but my only worry is, ether might just randomly die out whereas I'm confident BTC wont.

Then that's good you can focus on bitcoin alone, you have decided already and I think that's a better decision. Bitcoin is rapidly increasing than any alternative coin available and have small risked of vanishing not like ethereum but I think eth has also good future but not for me either.

Thank you for the responses so far.

Shall I invest now or wait for the next crash or dip? If there is going to be one?

No one can answer you that directly on numbers because bitcoin is unpredictable. But if you planned to hold as I said at the first reply, you can buy now as bitcoin has bright future ahead of it.

[dunfida]

Thank you for the responses so far.

Shall I invest now or wait for the next crash or dip? If there is going to be one?

There would be always a dip for a price either on bitcoin or etherium this is why we should really be attentive on this kind of events because on this movements we can possibly make money on easy way but waiting or knowing the best spot is the hardest part for a trader.If you do lack knowledge and experience you would find out to be a challenge for you. Price increase and price decrease symbolizes a healthy market.