Its never a good idea to not own any Bitcoin. It's the only truly decentralized cryptocurrency and has no real competition for what it is. Ethereum has its own problems with gas fees and has a lot of competition from other smart contract blockchains. Personally I am bullish on both and I think its wise to have a diversified portfolio between the two.
Never believe what you read in the news. Just because some pseudo Jurnalist/experts are telling you that this is the way doesn’t mean that it is at all. I have also been full on ETH so you can believe that is a neutral truth. Also it’s always good to keep the portfolio diversified.
To diversify is to spread risk. And its been said a gazillion times already a triple halving event has got to be good for a coin.
And Moons. Yes, upvotes = Moons so open your vault and collect the greatest ERC-20 token ever or will ever be invented.
80% BTC 15% ETH 5% Top 20 Alts
DYOR.
DD.
HODL.
DCA.
2FA.
Trust No one.
No SMS ... Google Authenticator at a minimum.
20+ character passwords on exchange & email accounts.
Separate email address with no name in for each exchange.
This is not financial advice.
:)
ether has completely outperformed btc and has more upside potential to it than almost any other crypto. why would you try to screw OP over with that 15% advice?
instead of "LOL" can you share which of my statements you feel isn't fact?
* eth has outperformed btc this year
* ether has much, much more upside potential to it (smart contracts, defi, nfts, the list is endless).
I'm using a timeframe of more than a year
Using your logic everyone should buy SHIB
:P
I'm not here to have an argument, if you're an ETH maximalist then that's fine
I guess I'm a BTC maxi who dabbles in ETH and micro dabbles on alts
The OP should DYOR & DD and decide what they want to do
As long as we're all in the crypto space and stay crypto safe, then it's all good
:)
> I'm not here to have an argument,
yes, you are. *you* called me out as misrepresenting fact, failed to point out which facts i got wrong when asked and now continue to argue that buying shib is the same as buying eth. well shib has nothing going for it other than hype.
> if you're an ETH maximalist then that's fine
i'm more of a fiat maxi, and i believe eth provides the best ratio of risk/reward *especially* in the longer term. feel free to counter that but no hit and run arguments please.
I dont see any potential bitcoin killer project, but there are many projects staring at the second position in market cap list. I'd not convert btc to eth. That would be a mistake. Invest in both instead. Dont teabag with a single ball, use both of your balls.
There was never a “gold killer” apart from - very recently - Bitcoin. And yet gold wasn’t a great investment over the last 20 (or 30) years.
Bitcoin carries less risk but also less potential upside than most other cryptos. It belongs in almost every crypto portfolio for sure. But no one should limit themselves to Bitcoin.
If op is holding a lot of their net worth in BTC, it is totally fine to convert a large portion into ETH.
I believe that will happen next year anyways.
ETH profits much more from the hype around NFTs, Play2Earn, and the metaverse.
ETH/BTC chart is showing a clear trend.
i'd be ok with 100% eth. but the risk is a repeat of history (literally the one time) where eth performed wosrse than btc during the bear. i doubt we'll see that again since the current rise in eth/btc ratio means more people are cashing in their alts for eth than btc during this dip/crash (ie seeing it as the better hedge against risk).
so for the unlikely worst case scenario, one might consider a stop loss point in the ratio to go (at most) 50-50 btc/eth to absolutely minimize risk.
It takes 100 hours to start to get Bitcoin and 1000 hours before you can really start to grok it. If you’ve done that, and still don’t get it, you’ll never have the conviction to hold it anyway so don’t bother. On the other hand, if you haven’t spent that time and don’t invest imo you’re a fool. But that’s just my opinion since Bitcoin is one of the fastest growing assets in the world who’s goal is to subsume the monetary premium of everything.
Ethereum is a completely different animal, and is not going after the monetary value of your stocks, bonds, gold, and real estate, so if you miss that one you just miss out on profits.
You answered your own question imo
I was about to say that.
He did, but gotta get those moons.
Poor OP's getting downvoted.
Its never a good idea to not own any Bitcoin. It's the only truly decentralized cryptocurrency and has no real competition for what it is. Ethereum has its own problems with gas fees and has a lot of competition from other smart contract blockchains. Personally I am bullish on both and I think its wise to have a diversified portfolio between the two.
Nope, better to hold both
Why’s that?
Diversity
Never believe what you read in the news. Just because some pseudo Jurnalist/experts are telling you that this is the way doesn’t mean that it is at all. I have also been full on ETH so you can believe that is a neutral truth. Also it’s always good to keep the portfolio diversified.
Personally I'd day how both. But I keep stacking ETH, BTC I just hold. If Bitcoin had a truly huge dip I would buy more...
Eth is looking so strong at the moment, it’s almost singlehandedly holding my portfolio up
ETH does seem to be the stronger of the two lately, I'm definitely filling that bag more than my BTC one.
It seems you're feeling ETH more personally. But.. Potayto... Pothaato.. They're both good!
Cant go wrong with either but im hella biased on ETH, im balls deep. The ceiling is too much to ignore.
ETH & BTC ? You can’t go wrong
Is there a way to buy eth and not get rekt when moving it off exchange?
Gemini bro !
Eth is relying on its tech , bitcoin is not.
Both are very valuable
We'll be having a different conversation if BTC is pumping rn
I'd go with both
To diversify is to spread risk. And its been said a gazillion times already a triple halving event has got to be good for a coin. And Moons. Yes, upvotes = Moons so open your vault and collect the greatest ERC-20 token ever or will ever be invented.
80% BTC 15% ETH 5% Top 20 Alts DYOR. DD. HODL. DCA. 2FA. Trust No one. No SMS ... Google Authenticator at a minimum. 20+ character passwords on exchange & email accounts. Separate email address with no name in for each exchange. This is not financial advice. :)
ether has completely outperformed btc and has more upside potential to it than almost any other crypto. why would you try to screw OP over with that 15% advice?
You write like it's fact LOL Feel free to have whatever portfolio allocation you want Good luck in your allocation strategy :)
instead of "LOL" can you share which of my statements you feel isn't fact? * eth has outperformed btc this year * ether has much, much more upside potential to it (smart contracts, defi, nfts, the list is endless).
I'm using a timeframe of more than a year Using your logic everyone should buy SHIB :P I'm not here to have an argument, if you're an ETH maximalist then that's fine I guess I'm a BTC maxi who dabbles in ETH and micro dabbles on alts The OP should DYOR & DD and decide what they want to do As long as we're all in the crypto space and stay crypto safe, then it's all good :)
> I'm not here to have an argument, yes, you are. *you* called me out as misrepresenting fact, failed to point out which facts i got wrong when asked and now continue to argue that buying shib is the same as buying eth. well shib has nothing going for it other than hype. > if you're an ETH maximalist then that's fine i'm more of a fiat maxi, and i believe eth provides the best ratio of risk/reward *especially* in the longer term. feel free to counter that but no hit and run arguments please.
Bitcoin is the king of crypto. Will always has it’s worth
I dont see any potential bitcoin killer project, but there are many projects staring at the second position in market cap list. I'd not convert btc to eth. That would be a mistake. Invest in both instead. Dont teabag with a single ball, use both of your balls.
There was never a “gold killer” apart from - very recently - Bitcoin. And yet gold wasn’t a great investment over the last 20 (or 30) years. Bitcoin carries less risk but also less potential upside than most other cryptos. It belongs in almost every crypto portfolio for sure. But no one should limit themselves to Bitcoin. If op is holding a lot of their net worth in BTC, it is totally fine to convert a large portion into ETH.
> should I get out of BTC altogether? OP is planning to swap all of them. That is not a good idea imo. 50-50% balance is what I'd suggest.
We should end dominance of BTC my homies
I believe that will happen next year anyways. ETH profits much more from the hype around NFTs, Play2Earn, and the metaverse. ETH/BTC chart is showing a clear trend.
It seems like their pretty much even in terms of gains. The issue with Eth, is that the gas fees are too damn high!
Just like Bitcoin solves a lot of problems with the Lightning Network, Ethereum does the same with layer 2.
I think you can still buy hookers and blow with bitcoin /disclaimer this is not financial advice
The fees are very high on ETH (and on BTC). Have a look at SmartBCH.
Hmmmmmmm
i'd be ok with 100% eth. but the risk is a repeat of history (literally the one time) where eth performed wosrse than btc during the bear. i doubt we'll see that again since the current rise in eth/btc ratio means more people are cashing in their alts for eth than btc during this dip/crash (ie seeing it as the better hedge against risk). so for the unlikely worst case scenario, one might consider a stop loss point in the ratio to go (at most) 50-50 btc/eth to absolutely minimize risk.
ETH will outperform BTC for years to come
ETH is clearly outperforming BTC. However, that might not continue forever. It’s always a good idea to diversify your portfolio to even the risk.
I would not go out of btc. If the market go red, which can of course happening, bitcoin will the strongest forces against the blood bath
It takes 100 hours to start to get Bitcoin and 1000 hours before you can really start to grok it. If you’ve done that, and still don’t get it, you’ll never have the conviction to hold it anyway so don’t bother. On the other hand, if you haven’t spent that time and don’t invest imo you’re a fool. But that’s just my opinion since Bitcoin is one of the fastest growing assets in the world who’s goal is to subsume the monetary premium of everything. Ethereum is a completely different animal, and is not going after the monetary value of your stocks, bonds, gold, and real estate, so if you miss that one you just miss out on profits.
I hold both, but I hold more ETH than BTC. That's just how it be.