I have 500$ USD I want to spend in either ETH or BTC...... any suggestions at the current price and or events?
Relatively new on this so please bear with me
Bitcoin is currently at a considerably low price and is at it's lowest for the past 7 weeks , which might allow people to put some money in a bit of coins even tho it might not get you much (0,04503 or something near to that ) but if you succeed to hold the funds and consider that as a long time investment it might be fruitful for you , buying Eth will get you more in term of coins but it's much more risky especially with the hyping that is being done to Eth at the moment .
Even if you buy one of both cryptos and the price falls it will be a loss on paper , the real loss is when you sell for less than what you bought but if you hold your funds long enough it will never be a loss .
For short term, just put that money on Ethereum until it reaches $1500 or $2000 at least, and for long term, bitcoin, of course. But they both are going to give you nice profits during this year, so do not be afraid of putting money in there
Both can be long term investment , but bitcoin is way better for it's ability to scale easier than Eth since the max supply isn't the same (Bitcoin 21M vs Eth infinite ) which makes bitcoin a much "rarer" coin thus making people pick it over Eth .