KCL257 (OP)
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May 23, 2019, 02:50:47 PM |
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Hey guys, new to the forum! Thinking of doing a short-term investment for fun, about 1 month or so. Was thinking I should buy either Etherum or Bitcoin Cash. I use Gemini so not all coins are available. Wanted to get some opinions from you vets
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chocopapaya
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May 23, 2019, 03:08:44 PM |
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If it's just one month, than I would actually just go for BTC. Bitcoin had a pretty fantastic bull run the past month and is now stabalizing in the $7000s. After this period of stability, you should expect to see more organic growth.
It's also probably the safest investment. The past month and ahalf, numerous times btc dropped below $7000 but immediately went back up. This shows that the market has chosen a new bottom for btc and they aren't willing to sell it for less than $7k.
If you are using gemini, than I would recommend buying the btc then when you sell, sell it for gemini dollars. It's the most stable, regulated, consistent stable coin out there. Then, if you want to jump back in, it would be very easy.
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crairezx20
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May 23, 2019, 03:23:03 PM |
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ETH and BCH are both good coins to hold while the price is in the bull run but on my own, I choose ETH for much stable price increase compared to BCH. So if you going to invest ETH is the best option because I also heard that there is an upcoming big development about this coin.
I have other suggestion RVN and Zcoin are also good coins and the price is pretty cheap compared to 2 coins above.
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o.ogurlu
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May 23, 2019, 03:26:37 PM |
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If you're going to invest only a month, I suggest you choose Bitcoin. A month is quite a short time. And because the altcoin prices are shaped by the increase or decrease in Bitcoin price, choosing Bitcoin will be both less risky and more logical for you. But if you only want advice for BCH or ETH, then I suggest Ethereum.
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Serco
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May 23, 2019, 03:36:54 PM |
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ETH and BCH are both good coins to hold while the price is in the bull run but on my own, I choose ETH for much stable price increase compared to BCH. So if you going to invest ETH is the best option because I also heard that there is an upcoming big development about this coin.
I have other suggestion RVN and Zcoin are also good coins and the price is pretty cheap compared to 2 coins above.
personally i like ethereum too, based on developtment progress.but for bitcoin cash unortunately i dont like with this , especially craigt wright.too many drama from him to market that make crashing.and alot of investors dislike him too.
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velive08
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May 23, 2019, 03:39:26 PM |
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Hey guys, new to the forum! Thinking of doing a short-term investment for fun, about 1 month or so. Was thinking I should buy either Etherum or Bitcoin Cash. I use Gemini so not all coins are available. Wanted to get some opinions from you vets I suggest that you buy ethereum to increase ethereum in the near future, although it may not accelerate but I see if ethereum will be the best in cryptocurrency.
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meldrio1
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May 23, 2019, 03:40:42 PM |
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well both are potential altcoins good for long term investment, but for 1 month only I suggest that you invest in Ethereum, I'm sure it will increase in a short time.
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hohuan101
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May 23, 2019, 03:41:48 PM |
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If investing in ETH vs BCH, the profit is not high compared to the rest of the market. But it is definitely a safe investment because you don't pump or dump too much
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stfN2128
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May 23, 2019, 03:45:01 PM |
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Hey guys, new to the forum! Thinking of doing a short-term investment for fun, about 1 month or so. Was thinking I should buy either Etherum or Bitcoin Cash. I use Gemini so not all coins are available. Wanted to get some opinions from you vets If i had to chose between those two coins i would go for ether. I just checked the supported coins on Gemini. Maybe you can also think about Litecoin, could be a good investment for mid - Longterm, too.
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KCL257 (OP)
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May 23, 2019, 03:46:24 PM |
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Thanks for all the info guys, really appreciate the replies! Wish I had joined here earlier lol
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pundit
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May 23, 2019, 04:05:13 PM |
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I would suggest you to go for ETH. Although 1 month period is very less to invest in such high volatile coin as it may come down but it may give you good profit at the same time. ETH seems to be in bull run and it may give you desired profit in one month. Pls remember investment for short period is always risky, sometime coin value decreases and you just get caught in the trap, in that situation one doesn't have other option than to wait. I see ETH as good option to invest for a short time.
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Script3d
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May 23, 2019, 04:11:22 PM |
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I would pick Ethereum over bitcoin cash, i wouldn't ever touch bitcoin cash to be honest i probably would if it's only short term but for long term that's a no, if you want the highest return just buy bitcoin, if your goal is just to have fun why not invest on both.
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Duzter
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May 23, 2019, 04:18:06 PM |
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I would pick Ethereum over bitcoin cash, i wouldn't ever touch bitcoin cash to be honest i probably would if it's only short term but for long term that's a no, if you want the highest return just buy bitcoin, if your goal is just to have fun why not invest on both.
Ethereum is a good pick, but over the past few weeks compared to ethereum bitcoin cash grown in a higher percentage. Still ethereum has gained the trust from users for some reason. Bitcoin cash has got a much higher ath compared to ethereum's ath. At this moment there is good growth expected with ethereum in a higher scale by the next price pumping of bitcoin.
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sujonali1819
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May 23, 2019, 04:19:11 PM |
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I will suggest you to invest in eth now.Although both coin are now potential for long term investment. But you want to invest for short term about month range. so Eth will be best IMO. because there is a spike already made by BCH but ETH did not make yet. So have a chance for a move to up by ETH. good luck
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galahad_s
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May 23, 2019, 04:20:21 PM |
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Both, Do not put all your bets in only one. Crypto market aways follows btc, but is better to diveresify.
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Alisha FR
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May 23, 2019, 04:21:19 PM |
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for short-term investments or one-month investments, in my opinion, BCH is not the right choice, you better invest in bitcoin or ethereum, because I see the current market movements are increasing on those two coins.
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KCL257 (OP)
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May 23, 2019, 04:27:05 PM |
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Decided to go with ETH. Really appreciate all the opinions guys. I'm sure I'll constantly be on here now, reading up as much as I can. (And constantly checking my Gemini app lol)
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2Kool4Skewl
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May 23, 2019, 04:29:15 PM |
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It seems to me that ethereum is perfect for both long-term and short-term investments. I really trust him and believe that in the near future it will cost about $ 500.
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tomahawk9
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May 23, 2019, 04:42:13 PM |
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One month? That's not even short-term, can't even be called an investment, what you're doing is pretty much gambling your money, but hey, to each his own. Neither is garanteed to give you ROI in such a short amount of time, so the safest choice would be to keep your money for something more important, but if I had to pick one, I'd go with ETH, mainly because isn't a pump and dump shitcoin like Bcash. If you're going to invest only a month, I suggest you choose Bitcoin.
Why does everyone here keep mentioning Bitcoin? OP clearly stated two altcoins: ETH and BCH
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anobtc
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May 23, 2019, 04:49:27 PM |
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First of all you need to track the prices of BTC. It is currently difficult to predict its price. In my experience, after the BTC price increases, both ETH and BCH will increase accordingly. So you can consider dividing your money into both coins.
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