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Bitcoin is holding above $7,000. Ethereum is $450

Discussion in 'Intermediate Level' started by Arpit, Jul 20, 2018.

  1. Arpit

    Arpit Scholar

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    I think Ethereum has a good buy here since Bitcoin has seen a jump from previous levels of $6,100
    While that may not be a very good move, since Bitcoin has shown an upward movement, Ethereum may follow.
    If not and Bitcoin falls, there could be a reverse relation as well where it falls as Bitcoin falls but doesn't rise as Bitcoin rises.

    This would mean that you go in only with a part of your money and not all in.

    So, let' say, if you had $1,000 to invest, $400-$500 is a good amount to invest in Ethereum as of now.

    If it goes down, you'd have money to average it out again!
     
  2. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    That is a good idea; however, I recommend 25% instead of 50%.
    If ethereum drops, you are able to purchase again.
    If it drops more, you won't be able to purchase lower if you are using 50%.
    If it doesn't drop, you can still invest the 50% into something else that is low if you are using 25%.
    Hope this doesn't sound confusing.
     
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  3. MoonWalk

    MoonWalk Scholar

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    Yea i went big at 499 and it kept droping, 25 is better method, but good thing i got most of mine under 50
     
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  4. Arpit

    Arpit Scholar

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    Well, that could okay too.
    Looks like you had a better feel about this than I did.
    25% was the way to go.
    I went 50% in!
     

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