@Stella
As a crypto newbee, should we invest in Ethereum now?
Good day once more everyone. I hope you are all doing well. Today I will talk on this topic "As a crypto newbee, should we put our money in Ethereum?" This is a question I have gotten from so many friends and followers even on my social media platforms who are new or interested in the crypto currencies world. I am not a crypto currency advicer or crypto educator. I am just a mere African female who loves to give advices and guidelines on so many aspects of life including crypto currencies. I don't know much about crypto currencies and am barely 1month into my involvements in the crypto currency world. But as an advicer, I would love the crypto lords of this platform to help me in this. I need an answer to that question and reasons please. I have monitored so many crypto currencies and even tokens and I have come to notice that whenever a coin is increasing gradually like the way Ethereum is,investors jump into it and even put millions into it. As a newbee in the crypto currency world, the money we have to invest is all we got, if it is lost or taken down by a bad investment decisions it affects us alot. This is why we ask for advices from the pros, and the lords of crypto because I myself don't even know the answer to that question and I have alot of people waiting for my response. If you have any idea please i would love it if you let me know down at the comment section or even yet, write an article containing the answers but i would love to be tagged so i can get my way to the answers easily. Thank you all and God bless. Stay safe always.
10 comments
I do not necessarily consider crypto-currencies as an investment, but as a currency that I can spend. That's why I mainly use Bitcoin Cash (BCH) and partly also ETH. However, I try to buy the coins cheaper and then spend them when the price has risen. I hold a part of BCH and ETH, because I think they are the two most undervalued coins. I do not use BTC at all because I consider it too expensive and completely overvalued.
Nice idea. I got a question from a friend, he asked"is it adviceable to switch bch to eth now that ethereum is rising high, maybe higher than bch soon?" What do you think?
I don't want to give advice, but I would rather do the other way round at the moment, i.e. change ETH to BCH. BCH will certainly rise even more soon. But I personally will keep both my ETH and BCH.
Alright. Thank you so much for the contributions. It means alot.
There is an investment strategy i give to newbie who want to invest in crypto. If you intend hodling for the long run, you can always dive in anytime but for a short term investment. Buying now is a bad idea as your aim should be to buy the coins cheaper and when its increases you sell or switch to stable coins if you project a possible fall again. That way you maximize profit and take advantage of the fluctuating price. Cheers
Good idea. Ethereum is at a high price now, buying ethereum now is bad choice. But what if the price never comes down. What if it keeps going up? Shouldn't we buy it although its expensive?
First is do a research on why its rising. I made a post about wash trading, if you go through that post then you will understand this might be a bad choice. When you do a research and have a grasp of whats going on. Then making a choice becomes much easier. I do not wamt to go into details.
Alright, Thanks alot,i will go through the post and get more understanding. It might answer all my questions.
Good idea. Ethereum is at a high price now, buying ethereum now is bad choice. But what if the price never comes down. What if it keeps going up? Shouldn't we buy it although its expensive?
I am new in crypto... Your advise and guidelines are helping me to learn more. I think everyone should do a research before investing. Thanks for your article .