You are viewing a single comment's thread from:
RE: Ethereum (ETH) Forecast 4.feb.18
That's also kind of a tradition with alts doing better early in the year, and Bitcoin raving later. Will be interesting to see if it holds true in 2018 with all the new hands coming to market.
Are you all in on Ethereum? I am diversified with about 5% of total in ETH, and 35% in BTC now.
I was initially in btc and eth (50-50)..then after a week or so i learmt more n more about eth and thought its got a much better future. Just to name a few things, smart contracts which could potential cause a massive disruption to the world economy. Goldman sachs even named it one of the 8 trends thats about to change the world. Then you got vitalik who is so talented and devoted.
So after a week or so, having made a small profit in btc i moved everything to eth. I know i shpuldnt put everything in one basket but nm. Also i figured that say btc got to $120k then thats about a 20fold increase from when i bought it ($6k). But i think eth can do more than 20fold increase from $450 average price that i got in..i.e. to more than $9k.
I havent considered other coins because only btc and eth are available as a tracker on the stockholm nasdaq exchange, i.e. i havent bought eth/btc with wallets...as at the time i didnt have the time to look into how i could buy cryptos with wallets and then how to keep it safe and all as i kept reading about potential hacks. I think i would have missed those good eth prices (in early/mid nov) had i spent all that time looking at how to buy with a wallett. But i may look into it soon and consider buying other coins.
I would consider piling up some BTC too. A lot of coins have smart contracts, Eth being the first, but not the only.
No need to sit in a lot of coins if not trading actively, but all eggs in one basket is unvise, even though the basket seem solid :)
I assume you can move those funds off stockholm exchange and into a wallet?
I like to have full control over my private keys, both for safety and profits, as airdrops and forks are not necessarily supported by the exchanges. And I don't like throwing away free money :)
Thanks for your advice. I'll defo have to look into doing that. Just like I say..haven't had the time to look into using wallets etc etc...and until I'm 100% sure of what I'm doing is correct and safe I won't do anything yet.
So when did you actually join the world of cryptos?
I mined some bitcoins with the office pc back in 2011, but found $2 a month not worth it, and forgot about it all.
Next thing I found the wallet file in July 2017, just in the dip, and it was $6k worth! I have never felt more lucky.
Since then I have gained experience and learned something new every day about this new world.
Wow! Now thats a kind of good example of HODL! I hope you've still got them! Apparently Lily Allen was offered a few BTC to do some sort of online concert a few years ago but rejected...had she done it it would be worth over $1bn apparently...oh well lol...not like she ain't rich already.
I figured I'd at least start mining again and never stop once more, so I bought an Antminer S9 and buried the rest after the BCH fork was split out.
Just HODL :D
I will never turn crypto down again for sure.