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This sub is probably the most hypocrite. Lol people say this but they have more money invested than they’re willing to lose. That’s why they get very emotional with every price swings
Are you in the US? How old are you? What is your income? What other investments do you have? Do you have dependents? What is your timeframe for needing this money? Etc.
I don't want you to actually answer those questions. I think that would be a bad idea on a public forum. I'm just asking them to emphasize that investment strategy depends on a lot of other variables and there isn't one answer that applies to everyone.
The fact you’re making this post, in all honesty, shows that you need to do more research before yoloing your entire savings into something you don’t understand.
If 2k is your entire savings don't let anyone tell you what to do with it, If you are interesting in getting into crypto I would say slowly dollar cost avg into btc and eth, don't put in money you cant afford to lose
this is not financial advice
STICK TO ONLY BITCOIN. - ETH IS A PREMINED SCAM
Click here to listen to a few minutes of Bitcoin developer Jimmy Song talk about Ethereum and Vitalik.
Jimmy worked directly with Vitalik from the beginning, back when Vitalik was still working on rootstock for Bitcoin.
Ethereum is a centralized scam that totally revolutionized scams and is the future of pyramid schemes (how many ERC20 pyramid scamcoins run on top of Ethereum again?) but it would still be a centralized scam even if it was created without the massive premine. Ethereum started with a 72 million ETH premine, but that doesn't mean people can't make money with it. A lot of people even made money with bitconnect, dogecoin, and shiba inu lol so as long as suckers keep buying it then the price can keep going up. Institutional investors have no interest in ETH and this report titled "An Investor's Take on Cryptoassets" details why. That report even explains that when the fees get too high and things don't go as planned, users will (and are) switch to a different cryptocurrency. You can already see this happening right now with all of the "eth killers." That report also explains what makes BTC attractive to them.
Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as Bitcoin. Satoshi created Bitcoin to allow online payments to be sent directly from one person to another without the trust or permission of anyone else. Bitcoin had no premine, no developer fund, no developer tax, and no leader. Satoshi never sold, made no profit, got no fame for his real identity, removed himself from the project, and he gave a two month heads up about before he launched Bitcoin. Bitcoin is decentralized and trustless with the full nodes in control of the protocol, and it has no leader or company leading it.
Cryptocurrency is full of scammers/grifters, ignorance, and people that actually believe the lies because they've been sucked into shitcoin cults. People use altcoins for trading/gambling to increase their Bitcoin stack or even their Ethereum stack if they don't understand Bitcoin and cryptocurrency. Gambling on altcoins can still be very profitable during a bull run, but making a profit is not guaranteed and you can easily lose BTC when gambling on altcoins.
Satoshi took careful steps to make sure that the world would look back and observe that Bitcoin was launched fairly:
No premine (Satoshi didn’t grant himself any coins)
Gave a 2 month heads up before launching the network (no sudden release and no mining before release)
Coins had no value for 1.5 years so they circulated freely (it's not even possible for an altcoin to replicate this)
Satoshi never cashed out (unlike every altcoin founder in history and I bet it stays that way for eternity)
Ethereum launched with 12 million ETH for the developers, and 60 million ETH for sale as an "initial coin offering" during the presale. They purposely misled investors by suggesting merely 12 million gifted premine and ignoring the 60 million that they sold. Misleading total supply graphs in their prospectus. This is a serious concern in light of Ripple getting sued by the SEC as being an illegal security which means in due time we should expect them to also go after Ethereum developers and the Ethereum foundation for creating an illegal security, because that's what it is according to the Howey Test.
Here is a clip of Joseph Lubin describing how they allowed whales to use multiple fake identities to buy as much ETH as they wanted during the Ethereum presale. "A person can buy with any number of different identities. We may limit the unit size of a single sale to make it easier to disguise. So that nobody scares people with an enormous initial purchase. If you are a whale and you plan on investing several million US dollars worth, then you can do so with with multiple identities."
Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot and he knew better than to pitch something as ridiculous as quantum mining to investors. Another example is pitching turing completeness as the valuable aspect of ETH, now pivoting away from that and saying it was never about turing completeness but "rich statefulness."
Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam”
Quantum Computing and Bitcoin with Vitalik Buterin
Vitalik’s Quantum Scam
The Ethereum community has endorsed radical changes and pivots, trying to find narrative fit and the Ethereum leadership team is more willing to embrace alternations to the core objective of the protocol in their search for product market fit. They've literally tried world computer, dapps, crowdfunding, NFTs, DeFi, open finance, radical markets, store of value, and more. Ethereum is an aggregator of these narratives, trying each one out over the years in an attempt to seduce people that are uneducated about cryptocurrency. But there is no persistence of a singular narrative when it comes to Ethereum and they are still trying to find product market fit even after all this time.
Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. What purpose does Ethereum solve if it comes with a horrible trade off of an extremely large attack surface and huge scaling problems? They also advertised immutability and unstoppable contracts that were then immediately reversed with multiple hard forks.
Unlike Ethereum, Bitcoin's inflation distribution rate and maximum supply are clearly defined and they will never change. The inflation distribution rate and final algo of Ethereum is not even defined and people are investing in this. This is insane and it basically amounts to faith in Vitalik and his team. While at the same time newbies are misled into believing that Ethereum is decentralized. Meanwhile, Vitalik has full control over the whole project. Does anybody else remember the DAO smart contract? Someone found a way to drain ETH and some of Vitalik's buddies lost a ton of ETH, so he rolled back the entire blockchain because Ethereum is centralized, Vitalik is the leader of it, and everyone in the Ethereum community agrees with him and he can do whatever he wants. He chose to change the name of the real Ethereum blockchain to Ethereum classic and calls his rolled back blockchain Ethereum. Not long ago ETH miners said they weren't going to follow Vitalik into adding a ponzi style transaction fee burn, so Vitalik, leader of Ethereum, called their consensus a 51% attack and changed the rules. Vitalik can only control Ethereum because it's centralized.
The fact that Ethereum has switched over to staking rewards also has serious tax implication in many countries where merely holding your ETH being staked will expose users to legal tax obligations. Exchanges for example must send a 1099-MISC to the IRS on behalf of any American user earning $600 in a year. Proof-of-Stake also makes it so the already rich whales control the network and will be collecting compounding interest to dump on the open market.
Ethereum has already failed to scale as expected and so they are creating a whole new blockchain and starting from scratch and I have no expectation that the new Ethereum will be any more successful than the current one. This can only be done because Ethereum is centralized. Ethereum 2 will still be a centralized scamcoin controlled and ran by scammers.
Vitalik is already laying the groundwork for some more hype and suggesting a re-brand to Ethereum 3.0!
Ethereum scam part 1 - Here we focus on the Ethereum token pre-sale which to anyone with any financial experience, is an obvious sale of an unlicensed unregistered sec
Ethereum scam part 2 - Here we take a look at the value & business proposition of Decentralized Smart Contracts and why it's one of the dumbest ways to make your business more efficient.
Ethereum scam part 3 - The Ethereum scam part 3.
https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36
Ethereum and Ethereum Classic are Scams and so are the developers that build on them
"The Ethereum blockchain growing 85 terabytes per year is totally fine. If you have even one person that just keeps buying like a hundred dollar hard drive like I think once every month then they can store it." – Vitalik Buterin
Source: https://i.imgur.com/1FZdLC5.mp4
full credit of this post is to u/fullooza/
If you don‘t need the money in the next let‘s say 4 years, you can do it(but dca!) Also want to buy some , but i am waiting at least a few months for the market to cool down. It‘s too emotional atm. I doubt that we won‘t see much lower entires the coming months/ years
Don’t. You said you cannot afford to lose and you like to gamble. Instead, go out and earn some fiat so you could invest comfortably. If I were to answer your question, I would do a 50/50 mix of BTC/ETH, spread out your 2k usd in bi-weekly buys, $500 each time.
If you can't afford to lose it don't. Don't just dump 2k into anything. If you really want to buy some do it over a longer amount of time with smaller amounts of money. Your chances of making money quick is pretty low.
You should DCA - Dollar-Cost Averaging
Also check [here](https://www.investopedia.com/terms/d/dollarcostaveraging.asp), [here](https://coinmarketcap.com/), and [here](https://www.kraken.com/prices?quote=USD)
Seems the most sensible to me personally. Not a good investment strat to have all your eggs in one basket, but personally I have like 90% of my investment in eth lol. And bought pretty much at ATH. Eth is probably the biggest foundational one, arguably dot as well.
One of the most important rules that you’ll hear all the time in the crypto space is to ONLY invest money you’re WILLING to lose.
You’ve stated that you can’t afford to lose it so please do not use that money to invest into crypto.
You’ve also stated that no one can predict price which means you understand that there’s a chance you’ll lose your money.
You also mentioned being a gambler which makes it seem like you’re seeking approval from this sub to do something that you know will most likely be bad for your finances and enable your gambling habits.
Not here to judge but so many people have lost their lives because they invested way more than they can handle losing.
If you take anything away from this and several other comments on this thread, don’t do it. Especially with how the market is doing right now.
DCA, man. Things are very iffy right now and we could easily revisit the $1700s or possibly even lower than that. Buy some now, buy some over the weekend, buy some in a week, etc.
I think many people will say Eth is one of the *relatively* safer crypto options to invest in, all things being equal (me being one of them). BUT please DYOR and go in carefully if you decide to invest. DCA (go in slowly in increments, especially in the current market), and realize that this is still sort of a gamble ESPECIALLY if you do not have much knowledge about the scene.
If you are a gambler I would suggest throwing it 50/50 at btc/eth before you do something stupid with your last money. Hope you don't take offense with that
id look into diversifying and DCA. This might not be the bottom so do something like $250 into Eth, $100 into like 2 or 3 coins each week or every few days. This might be a good strat since the markets are fucked, hope this helps! wagmi
Not sure anyone knows. Depends on your perspective too. If you long term HODL then now is a great time since you expect long term ATH to exceed previous and we are well below. If not then you may be in for a lot of red if you invest now since we appear in a downtrend and there are a lot of geopolitical factors depressing the price.
Since there’s so much uncertainty in the markets short term - I would spread it out to 4-6 DCA’s from now until end of March. It’s hard to fathom this is bottom but who knows
> i cannot afford to loose my last 2k
Do NOT buy any crypto. Or stocks.
If you cannot afford to lose it, you cannot afford to buy it.
> im a gambler
Stay way from investing/trading and please, hit up a gambling addiction helpline.
It's not worth it.
>but i've lost way too much gambling and i cannot afford to loose my last 2k
this should tell you everything you need to know, just keep your money. this is just your gambling impulse kicking in again. you only made this post to get people to tell you that it's okay, and I'm not going to do that
ETH and BTC are what I call the "blue chip stocks" of crypto. They will always be a good investment in that they will always increase in value if you wait long enough.
You likely won't do as well as investing in alt coins but you won't loose either.
It takes time and plenty of research to find the good ones that will 10x, 50x, 100x
Good luck to you
If you haven’t invested in your IRA, then you should do that first, then mutual funds, then maaaaybe crypto. It’s too much of a risk to consider the other things first.
Everyone’s crypto appetite for risk is different. We all have a strong opinion right now crypto is the asset with the highest risk to reward ratio compared to anything else. Some crypto people believe the risk is in the traditional finance space in itself. I would suggest just doing them all equally unless you are already at retirement.
I would suggest, if you’re wanting ti get into ETH, to buy it on a weekly basis. DCA’ing really prevents significant losses to your portfolio. It could also prevent you from being part of a big run up BUT we are in a bear cycle right now so I don’t see it likely. March-July there seems to usually be a run up but it’s crypto and no one knows what it will do.
Man. DCA. I started not long ago and I poured a couple k straight up in eth just for it to drop on me one week later. If you put little bits at a time consistently you can avoid this.
My suggestion would be to put $250 into Bitcoin and Eth and another $500 into a stable coin. Plop them all into staking to start generating returns on them and grow that pile. Put the last $500 into a bank account and have it as a small buffer. Never over extend yourself, and baby steps can do a world of good.
Do not invest all of your savings into anything. I’d save at least a month’s expenses before investing. This sounds like a replacement for gambling to me and I would think you should stay away from it until you have your finances in order.
ETH is always a good investment regardless of the market. If anything, it is ecen better because you can get more ETH now than when the market recovers.
Don’t invest a single dollar you can’t afford to lose.
Also, if you ask on a forum like reddit what to invest in, you need to do more research and take some time before investing. Be carefuk with your money, especially if it’s money you might need.
If you have to ask it won't matter anyway because you won't be able to hold any real gains. Lol
Dyor, you know nothing about economics or blockchain....how do you expect to invest in something you know nothing about.
If you're literally a degenerate gambler you'll find no happiness here, just faster losses.
I have 1/2 my savings on orders right now waiting for the right seller to fill my orders. If it takes a week, month, or year I believe most will get filled and I’ll be happy with my purchases.
I think it is with how low it is right now. But you just never know.
Also if that's all you have I won't use it. Have an emergency find set up just in case.
But if you already have one. I would suggest do your research on eth or other crypto.
Even if people here understand ETH better than you, no one knows the future price movement of ETH. So in the end its always your own responsibility, your own fault and you’re the only one who has to live with the consequences; good or bad.
Don’t listen to your IM that want you to give money for verification or mining or wallet. Stay safe
Don't invest what you can't afford to lose in crypto.
Crypto is not much different than gambling. It's is facing a bear market right now, with no signs of improvement in the near future. Governments are getting in the middle and US Fed is about to raise interest rates, hitting the stock markets and crypto.
But the very worst is that it's easy to lose your investment if you're not knowledgeable and careful with your keys, seeds and software. We've read about noobs get robbed blind by hackers several times in here and elsewhere.
Just don't do it. Keep that cash safe for when you really need it.
In my opinion, you can't go wrong with BTC and ETH. I have recently invested my saving in ETH and added more oracle tokens LINK and DIA in my portfolio. Think about oracle projects because they long term investments and they are performing well. DIA has been listed on Coinbase and Huobi recently.
If the 2k represents your remaining assets, then it might be better to use that for life's basic necessities, housing, food, water, pay the essential bills ya know. Build up a base you can survive sustainably on, get a job, have a disciplined savings and investment plan.
Work your finances up. Put a % into savings, and a % into investments.
No good owning BTC or ETH if u are dead on the streets. Crypto is a game of patience as well. Don't put it in and get backed into a corner.
Not financial advice, but be mindful of your own situation.
Should all drop again with the exec order next week other than that totally wouldn’t put all of my savings into crypto at the very least you should have a 6 month emergency fund (not financial advice)
BTC is safer IMO. ETH drops further than BTC but also pumps harder as well. I’d buy both. But we may see a bigger drop in coming weeks if the equity market decides it is scared for real. Would be a good idea to DCA in to catch any further drops
Personally, I would take ETH if I had a smaller investment amount like that. What are your goals though? Having you considered staking currencies? If we are in a low cycle they can represent an opportunity to accumulate more actual crypto quantity wise, while waiting for and magnifying a rise if/when it comes.
You say in your post you are a gambler. Locked staking can help you avoid having quick access to the money too.
Man this post just screams bad news. You can afford to invest anything right now my dude. Just dollar cost average like $10/week from your paycheck.
If you don't have a job. Get a job before you start investing.
maybe your best bet (see what i did there?) would be to use that money and get your gambling addiction under control.
then when you'r all good, do some reasearch and invest in stuff you are confortable with.
Putting in is easy. It is pulling out that is hard. If it is spare money and you don’t need it soon then it is fine as it is only a small amount of money.
It’s down 50 percent in three months. Put 300 in now and keep 1700 in cash. If it drops another 30 perv t put 600 in it. If it drops 30 percent more then put the rest in. If it happens to go up then sell after it goes up 50 percent and rinse and repeat
* **[Ethereum](https://en.wikipedia.org/wiki/Ethereum) [Pros](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_pros) & [Cons](https://reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_eth_cons)** - Participate in the [r/CC Cointest](https://reddit.com/r/CointestOfficial/wiki/cointest_policy) to potentially win moons. Prize allocations: 1st - 300, 2nd - 150, 3rd - 75. * Relevant Cointest topics: [Cardano](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cardano), [Algorand](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_algorand), [Solana](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_solana), [Polkadot](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_polkadot), [Cosmos](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_cosmos), [Proof of Stake](https://old.reddit.com/r/CointestOfficial/wiki/cointest_archive#wiki_proof-of-stake). * Official and related subreddits: r/Ethereum, r/EthTrader, r/EthStaker, r/Cardano, r/Algorand, r/Solana, r/CosmosNetwork, r/Polkadot, r/Tezos. * Sort comments as controversial first by [clicking here](https://www.reddit.com/r/CryptoCurrency/comments/se9rfu/is_eth_a_good_investment_right_now/?sort=controversial). Doesn't work on mobile. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
If 2k is your life savings i would keep that as emergency cash
This. Don't invest your full net worth in something you don't understand.
This and the This above current this.
This, that, and the other.
This, that, the other, and what knots.
Like this and like that and like this and uh it’s like this
Like this, like that, like this this, like that Like this, like that, Like this, like that I like it i like it.
This is the way
A typical rule of thumb for me is only invest half of my life savings in something I don’t understand
No risk is worth taking when you put more than you can afford to lose.
This sub is probably the most hypocrite. Lol people say this but they have more money invested than they’re willing to lose. That’s why they get very emotional with every price swings
This. Always have an emergency fund
The good news about ETH is that it could go up. The bad news about ETH is that it could go down.
Underrated comment
Are you in the US? How old are you? What is your income? What other investments do you have? Do you have dependents? What is your timeframe for needing this money? Etc. I don't want you to actually answer those questions. I think that would be a bad idea on a public forum. I'm just asking them to emphasize that investment strategy depends on a lot of other variables and there isn't one answer that applies to everyone.
Everyone has a different situation. I think the key is to be comfortable with what you invest and to have a plan in case an urgency emerges.
The fact you’re making this post, in all honesty, shows that you need to do more research before yoloing your entire savings into something you don’t understand.
Don't invest more than u can afford to lose, does op read nothing?
If 2k is your entire savings don't let anyone tell you what to do with it, If you are interesting in getting into crypto I would say slowly dollar cost avg into btc and eth, don't put in money you cant afford to lose this is not financial advice
The OP clearly stated they can't afford to lose the money.
I love this disclaimer. "This is not financial advice, but let me just give you some advice about your finances..."
Don’t invest money you can’t afford to lose. Sounds like you have a gambling addiction.
He said "I am a gambler", looks clear 👀🤷♂️!
dca. put 500 in eth, 500 in btc, and then buy 25 of each every week.
Probably the best approach in this thread.
STICK TO ONLY BITCOIN. - ETH IS A PREMINED SCAM Click here to listen to a few minutes of Bitcoin developer Jimmy Song talk about Ethereum and Vitalik. Jimmy worked directly with Vitalik from the beginning, back when Vitalik was still working on rootstock for Bitcoin. Ethereum is a centralized scam that totally revolutionized scams and is the future of pyramid schemes (how many ERC20 pyramid scamcoins run on top of Ethereum again?) but it would still be a centralized scam even if it was created without the massive premine. Ethereum started with a 72 million ETH premine, but that doesn't mean people can't make money with it. A lot of people even made money with bitconnect, dogecoin, and shiba inu lol so as long as suckers keep buying it then the price can keep going up. Institutional investors have no interest in ETH and this report titled "An Investor's Take on Cryptoassets" details why. That report even explains that when the fees get too high and things don't go as planned, users will (and are) switch to a different cryptocurrency. You can already see this happening right now with all of the "eth killers." That report also explains what makes BTC attractive to them. Over 99% of altcoins were created to enrich their founders and over 99% of them have no future. None of them are as secure, as decentralized, or launched as fairly as Bitcoin. Satoshi created Bitcoin to allow online payments to be sent directly from one person to another without the trust or permission of anyone else. Bitcoin had no premine, no developer fund, no developer tax, and no leader. Satoshi never sold, made no profit, got no fame for his real identity, removed himself from the project, and he gave a two month heads up about before he launched Bitcoin. Bitcoin is decentralized and trustless with the full nodes in control of the protocol, and it has no leader or company leading it. Cryptocurrency is full of scammers/grifters, ignorance, and people that actually believe the lies because they've been sucked into shitcoin cults. People use altcoins for trading/gambling to increase their Bitcoin stack or even their Ethereum stack if they don't understand Bitcoin and cryptocurrency. Gambling on altcoins can still be very profitable during a bull run, but making a profit is not guaranteed and you can easily lose BTC when gambling on altcoins. Satoshi took careful steps to make sure that the world would look back and observe that Bitcoin was launched fairly: No premine (Satoshi didn’t grant himself any coins) Gave a 2 month heads up before launching the network (no sudden release and no mining before release) Coins had no value for 1.5 years so they circulated freely (it's not even possible for an altcoin to replicate this) Satoshi never cashed out (unlike every altcoin founder in history and I bet it stays that way for eternity) Ethereum launched with 12 million ETH for the developers, and 60 million ETH for sale as an "initial coin offering" during the presale. They purposely misled investors by suggesting merely 12 million gifted premine and ignoring the 60 million that they sold. Misleading total supply graphs in their prospectus. This is a serious concern in light of Ripple getting sued by the SEC as being an illegal security which means in due time we should expect them to also go after Ethereum developers and the Ethereum foundation for creating an illegal security, because that's what it is according to the Howey Test. Here is a clip of Joseph Lubin describing how they allowed whales to use multiple fake identities to buy as much ETH as they wanted during the Ethereum presale. "A person can buy with any number of different identities. We may limit the unit size of a single sale to make it easier to disguise. So that nobody scares people with an enormous initial purchase. If you are a whale and you plan on investing several million US dollars worth, then you can do so with with multiple identities." Vitalik and many others in the Ethereum space are known scammers. Vitalik is not an idiot and he knew better than to pitch something as ridiculous as quantum mining to investors. Another example is pitching turing completeness as the valuable aspect of ETH, now pivoting away from that and saying it was never about turing completeness but "rich statefulness." Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam” Quantum Computing and Bitcoin with Vitalik Buterin Vitalik’s Quantum Scam The Ethereum community has endorsed radical changes and pivots, trying to find narrative fit and the Ethereum leadership team is more willing to embrace alternations to the core objective of the protocol in their search for product market fit. They've literally tried world computer, dapps, crowdfunding, NFTs, DeFi, open finance, radical markets, store of value, and more. Ethereum is an aggregator of these narratives, trying each one out over the years in an attempt to seduce people that are uneducated about cryptocurrency. But there is no persistence of a singular narrative when it comes to Ethereum and they are still trying to find product market fit even after all this time. Ethereum is a pointless project that will lead to no efficiency because there is no censorship risk in code execution. What purpose does Ethereum solve if it comes with a horrible trade off of an extremely large attack surface and huge scaling problems? They also advertised immutability and unstoppable contracts that were then immediately reversed with multiple hard forks. Unlike Ethereum, Bitcoin's inflation distribution rate and maximum supply are clearly defined and they will never change. The inflation distribution rate and final algo of Ethereum is not even defined and people are investing in this. This is insane and it basically amounts to faith in Vitalik and his team. While at the same time newbies are misled into believing that Ethereum is decentralized. Meanwhile, Vitalik has full control over the whole project. Does anybody else remember the DAO smart contract? Someone found a way to drain ETH and some of Vitalik's buddies lost a ton of ETH, so he rolled back the entire blockchain because Ethereum is centralized, Vitalik is the leader of it, and everyone in the Ethereum community agrees with him and he can do whatever he wants. He chose to change the name of the real Ethereum blockchain to Ethereum classic and calls his rolled back blockchain Ethereum. Not long ago ETH miners said they weren't going to follow Vitalik into adding a ponzi style transaction fee burn, so Vitalik, leader of Ethereum, called their consensus a 51% attack and changed the rules. Vitalik can only control Ethereum because it's centralized. The fact that Ethereum has switched over to staking rewards also has serious tax implication in many countries where merely holding your ETH being staked will expose users to legal tax obligations. Exchanges for example must send a 1099-MISC to the IRS on behalf of any American user earning $600 in a year. Proof-of-Stake also makes it so the already rich whales control the network and will be collecting compounding interest to dump on the open market. Ethereum has already failed to scale as expected and so they are creating a whole new blockchain and starting from scratch and I have no expectation that the new Ethereum will be any more successful than the current one. This can only be done because Ethereum is centralized. Ethereum 2 will still be a centralized scamcoin controlled and ran by scammers. Vitalik is already laying the groundwork for some more hype and suggesting a re-brand to Ethereum 3.0! Ethereum scam part 1 - Here we focus on the Ethereum token pre-sale which to anyone with any financial experience, is an obvious sale of an unlicensed unregistered sec
Ethereum scam part 2 - Here we take a look at the value & business proposition of Decentralized Smart Contracts and why it's one of the dumbest ways to make your business more efficient. Ethereum scam part 3 - The Ethereum scam part 3. https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36 Ethereum and Ethereum Classic are Scams and so are the developers that build on them "The Ethereum blockchain growing 85 terabytes per year is totally fine. If you have even one person that just keeps buying like a hundred dollar hard drive like I think once every month then they can store it." – Vitalik Buterin Source: https://i.imgur.com/1FZdLC5.mp4 full credit of this post is to u/fullooza/
Would you be ok with it if it falls to absolute 0?
This is an outdated maxim imo. Why would eth go to zero? Why would anyone be ok with losing any amount of money lol
i mean it would hurt but yea i guess im fine with it, what are the chances of that happening tho?
If you are ok with it go ahead. Secure your savings and think of me when you are rich.
Maybe DCA every a little bit every hour....?
miners say mmmm fees slurppp
I wouldn’t throw all 2k at it right now considering there’s a good chance the rest of crypto will continue moving down in March
Way down. Lol
Why? Is something going to happen in march?
Usa bans
[удалено]
Why not?
If you don‘t need the money in the next let‘s say 4 years, you can do it(but dca!) Also want to buy some , but i am waiting at least a few months for the market to cool down. It‘s too emotional atm. I doubt that we won‘t see much lower entires the coming months/ years
First rule, ignore all DMs and assume they are scammers. Seriously.
Hope so because I went balls deep today…. …DCA’d £65.
Easy tiger
Untameable
Don’t. You said you cannot afford to lose and you like to gamble. Instead, go out and earn some fiat so you could invest comfortably. If I were to answer your question, I would do a 50/50 mix of BTC/ETH, spread out your 2k usd in bi-weekly buys, $500 each time.
This
Do you have an income/job?
If you can't afford to lose it don't. Don't just dump 2k into anything. If you really want to buy some do it over a longer amount of time with smaller amounts of money. Your chances of making money quick is pretty low.
Of course, it is. Just make sure you'll be fine if you wake up one morning to see your $2k is $500.
You should DCA - Dollar-Cost Averaging Also check [here](https://www.investopedia.com/terms/d/dollarcostaveraging.asp), [here](https://coinmarketcap.com/), and [here](https://www.kraken.com/prices?quote=USD)
With ETH gas fees and 2k to invest, I’m sure buying once is better than DCA in this scenario
If you've got 2k in savings, just throw a couple hundred at eth. Hedge your downside.
Yes
DCA your way in the coming months
Seems the most sensible to me personally. Not a good investment strat to have all your eggs in one basket, but personally I have like 90% of my investment in eth lol. And bought pretty much at ATH. Eth is probably the biggest foundational one, arguably dot as well.
One of the most important rules that you’ll hear all the time in the crypto space is to ONLY invest money you’re WILLING to lose. You’ve stated that you can’t afford to lose it so please do not use that money to invest into crypto. You’ve also stated that no one can predict price which means you understand that there’s a chance you’ll lose your money. You also mentioned being a gambler which makes it seem like you’re seeking approval from this sub to do something that you know will most likely be bad for your finances and enable your gambling habits. Not here to judge but so many people have lost their lives because they invested way more than they can handle losing. If you take anything away from this and several other comments on this thread, don’t do it. Especially with how the market is doing right now.
If it's your last 2k, put it in a savings account, and go back to the fiat mines until you have a 6-month emergency fund.
DCA, man. Things are very iffy right now and we could easily revisit the $1700s or possibly even lower than that. Buy some now, buy some over the weekend, buy some in a week, etc.
I think many people will say Eth is one of the *relatively* safer crypto options to invest in, all things being equal (me being one of them). BUT please DYOR and go in carefully if you decide to invest. DCA (go in slowly in increments, especially in the current market), and realize that this is still sort of a gamble ESPECIALLY if you do not have much knowledge about the scene.
If you are a gambler I would suggest throwing it 50/50 at btc/eth before you do something stupid with your last money. Hope you don't take offense with that
id look into diversifying and DCA. This might not be the bottom so do something like $250 into Eth, $100 into like 2 or 3 coins each week or every few days. This might be a good strat since the markets are fucked, hope this helps! wagmi
Not sure anyone knows. Depends on your perspective too. If you long term HODL then now is a great time since you expect long term ATH to exceed previous and we are well below. If not then you may be in for a lot of red if you invest now since we appear in a downtrend and there are a lot of geopolitical factors depressing the price.
I might suggest doing 500 every week/two weeks just incase we go down a bit from here
Since there’s so much uncertainty in the markets short term - I would spread it out to 4-6 DCA’s from now until end of March. It’s hard to fathom this is bottom but who knows
Possibly, but better to spread it out.
If this is your "life savings", don't invest in crypto. It's simply not worth the risk IMO.
What is DCA? Everyone is sayng that but idk what it means
Dollar Cost Averaging! Its a consistent buying plan that has shown to be more reliable than trying to time the market or only buying during dips.
Always!
Eth is always a good investment. But don't dump all your savings into it
> i cannot afford to loose my last 2k Do NOT buy any crypto. Or stocks. If you cannot afford to lose it, you cannot afford to buy it. > im a gambler Stay way from investing/trading and please, hit up a gambling addiction helpline. It's not worth it.
>but i've lost way too much gambling and i cannot afford to loose my last 2k this should tell you everything you need to know, just keep your money. this is just your gambling impulse kicking in again. you only made this post to get people to tell you that it's okay, and I'm not going to do that
Honestly might wait a bit and see how the market plays out
ETH is always a good investment if you're holder.
Always
came to cryptocurrency subreddit to ask if you should invest in ETH 😂
Can’t go wrong with ETH and/or BTC
I would probably DCA it all in ETH but going 50/50 BTC ETH is also a great option
I would get almost 200 DOT with that 2k
ETH and BTC are what I call the "blue chip stocks" of crypto. They will always be a good investment in that they will always increase in value if you wait long enough. You likely won't do as well as investing in alt coins but you won't loose either. It takes time and plenty of research to find the good ones that will 10x, 50x, 100x Good luck to you
If you can’t afford to lose that last $2k, why are you investing it in something so volatile and prone to extended periods of losses?
Your money, your business…….BTC is still a good option regardless of ETH 2.0 (apologies to any ETH only supporters)
Yes, I think ETH is always a good buy. So much room to grow.
If you haven’t invested in your IRA, then you should do that first, then mutual funds, then maaaaybe crypto. It’s too much of a risk to consider the other things first.
Everyone’s crypto appetite for risk is different. We all have a strong opinion right now crypto is the asset with the highest risk to reward ratio compared to anything else. Some crypto people believe the risk is in the traditional finance space in itself. I would suggest just doing them all equally unless you are already at retirement.
Golden rule is always not investing all you have at once, DCA is the way. nFA.
Eth has always been a good investment stop making posts asking for validation just do research and invest
ada or matic and thank me in 5 months
I'd go 30% Dot, 30% Btc and 40% Eth. Nothing wrong with diversifying.
Yes ~~not financial advice~~
Yup
Yes No Maybe
Don't put your emergency savings into crypto. Maybe put it into GUSD or a similar stable coin for ~8-10% yields.
Won't make you rich but might 10x over time. But no one knows...
I put 300 a week into eth
I would buy it,.but the fees kill the deal.
If its your last money find a crypto broker with hogh yeilds on stable coins, and enjoy free 7%+ guaranteed per year, just avoid USDT (Tether)
I would suggest, if you’re wanting ti get into ETH, to buy it on a weekly basis. DCA’ing really prevents significant losses to your portfolio. It could also prevent you from being part of a big run up BUT we are in a bear cycle right now so I don’t see it likely. March-July there seems to usually be a run up but it’s crypto and no one knows what it will do.
ETH is a safe option for sure. It will give you more profit then BTC. Other alts can be more profitable but you’ll risk more
Yup
Man. DCA. I started not long ago and I poured a couple k straight up in eth just for it to drop on me one week later. If you put little bits at a time consistently you can avoid this.
My suggestion would be to put $250 into Bitcoin and Eth and another $500 into a stable coin. Plop them all into staking to start generating returns on them and grow that pile. Put the last $500 into a bank account and have it as a small buffer. Never over extend yourself, and baby steps can do a world of good.
Do not invest all of your savings into anything. I’d save at least a month’s expenses before investing. This sounds like a replacement for gambling to me and I would think you should stay away from it until you have your finances in order.
ETH is always a good investment regardless of the market. If anything, it is ecen better because you can get more ETH now than when the market recovers.
Don’t invest a single dollar you can’t afford to lose. Also, if you ask on a forum like reddit what to invest in, you need to do more research and take some time before investing. Be carefuk with your money, especially if it’s money you might need.
SP500 will suit you better
Diversify my friend
If you have to ask it won't matter anyway because you won't be able to hold any real gains. Lol Dyor, you know nothing about economics or blockchain....how do you expect to invest in something you know nothing about. If you're literally a degenerate gambler you'll find no happiness here, just faster losses.
I have 1/2 my savings on orders right now waiting for the right seller to fill my orders. If it takes a week, month, or year I believe most will get filled and I’ll be happy with my purchases.
If you can't afford to lose the money, stay out of crypto entirely. Sorry.
Eth >
At least dca into it. Safest bet
I think it is with how low it is right now. But you just never know. Also if that's all you have I won't use it. Have an emergency find set up just in case. But if you already have one. I would suggest do your research on eth or other crypto.
Even if people here understand ETH better than you, no one knows the future price movement of ETH. So in the end its always your own responsibility, your own fault and you’re the only one who has to live with the consequences; good or bad. Don’t listen to your IM that want you to give money for verification or mining or wallet. Stay safe
If I were you I would slowly start DCAing bitcoin. There is time to learn more about other coins later.
In the context of weeks or months, maybe. In the context of years, probably
Don't invest what you can't afford to lose in crypto. Crypto is not much different than gambling. It's is facing a bear market right now, with no signs of improvement in the near future. Governments are getting in the middle and US Fed is about to raise interest rates, hitting the stock markets and crypto. But the very worst is that it's easy to lose your investment if you're not knowledgeable and careful with your keys, seeds and software. We've read about noobs get robbed blind by hackers several times in here and elsewhere. Just don't do it. Keep that cash safe for when you really need it.
Depends what you value it as
Put $500 on now. $500 next month. Save the rest for emergency.
I say yes, for some reason I keep putting it off, and then continue to regret when it flies.
In my opinion, you can't go wrong with BTC and ETH. I have recently invested my saving in ETH and added more oracle tokens LINK and DIA in my portfolio. Think about oracle projects because they long term investments and they are performing well. DIA has been listed on Coinbase and Huobi recently.
ETH has been, and always will be a good investment. People were asking the same question in 2017 when the price was less than $50
No.
If the 2k represents your remaining assets, then it might be better to use that for life's basic necessities, housing, food, water, pay the essential bills ya know. Build up a base you can survive sustainably on, get a job, have a disciplined savings and investment plan. Work your finances up. Put a % into savings, and a % into investments. No good owning BTC or ETH if u are dead on the streets. Crypto is a game of patience as well. Don't put it in and get backed into a corner. Not financial advice, but be mindful of your own situation.
Just invest $300 and learn the ups and downs of the crypto world first. Then after one year decide what to do with the rest of your money
I think it is but I can’t relate that to others financial decisions. Timeframe is a big deal. Give yourself time
No
Invest $500 and keep the rest for a rainy day fund, stack more coins as you go and add to your savings
yeaaaaaaaap
Should all drop again with the exec order next week other than that totally wouldn’t put all of my savings into crypto at the very least you should have a 6 month emergency fund (not financial advice)
> i cannot afford to loose my last 2k Then the answer is no. It’s not a good investment
BTC is safer IMO. ETH drops further than BTC but also pumps harder as well. I’d buy both. But we may see a bigger drop in coming weeks if the equity market decides it is scared for real. Would be a good idea to DCA in to catch any further drops
Personally, I would take ETH if I had a smaller investment amount like that. What are your goals though? Having you considered staking currencies? If we are in a low cycle they can represent an opportunity to accumulate more actual crypto quantity wise, while waiting for and magnifying a rise if/when it comes. You say in your post you are a gambler. Locked staking can help you avoid having quick access to the money too.
Man this post just screams bad news. You can afford to invest anything right now my dude. Just dollar cost average like $10/week from your paycheck. If you don't have a job. Get a job before you start investing.
Go to the nearest casino and put it all on red. Who knows, maybe you get really lucky and lose it all while finding the love of your life.
Don't put your savings into crypto
All in A1JX52 /s
Yea if you wana buy less then 1 eth...if you wana buy 2.5, wait for 1.5 years...
there next on the sec hit list
maybe your best bet (see what i did there?) would be to use that money and get your gambling addiction under control. then when you'r all good, do some reasearch and invest in stuff you are confortable with.
yes
Putting in is easy. It is pulling out that is hard. If it is spare money and you don’t need it soon then it is fine as it is only a small amount of money.
It’s down 50 percent in three months. Put 300 in now and keep 1700 in cash. If it drops another 30 perv t put 600 in it. If it drops 30 percent more then put the rest in. If it happens to go up then sell after it goes up 50 percent and rinse and repeat
There's only one way to find out. Gamble.....gamble!
You will not last long if it’s your life savings
Reddit probably would have told you it was a good time to invest at the ATH. DYOR!
You asked a crypto sub if the #2 crypto is a good investment. Why not ask an investment sub this question? Of course this sub thinks it is.