I'm thinking of investing into cryptocurrency, what are your thoughts? And where should I start? Is it straightforward to invest?
Ask HN: Is it worth to invest into Ethereum right now?
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Re: Ask HN: Is it worth to invest into Ethereum right now?
#2I like Antshares, and all crytpo's are probably speculating rather than investing, too many variables and unknowns.
Re: Ask HN: Is it worth to invest into Ethereum right now?
#3its not investing, its gambling. dont risk more than u are ok with losing
Re: Ask HN: Is it worth to invest into Ethereum right now?
#4No it's not. There are too many speculators who invested and are waiting for new people to invest so they can offload their bags.
Re: Ask HN: Is it worth to invest into Ethereum right now?
#5Ethereum I believe did make the blockchain size larger then bitcoin but I still wouldn't invest in it.
Re: Ask HN: Is it worth to invest into Ethereum right now?
#6I am a stock market speculator as well as long term investor, but I personally would not invest in any crypto currencies right now, because the market is very thin and I don't trust the exchanges- just look at the flash crash few days ago... maybe one day in the future we'll have a robust exchange with high enough volume, then I can try to speculate or even invest for the long run...
Re: Ask HN: Is it worth to invest into Ethereum right now?
#7In my opinion, Ethereum is unlikely to see major price gains in the near future, as it just went through a period of rapid price growth that can't be sustained.
As for whether you should invest in it, only you can make that determination. All I'd say is that, in my opinion, if one does invest, they should be aware of the volatility of cryptocurrency markets, and should not let short term price runs or price declines guide their decisions on when to sell or increase their holdings. I think it's better that one invest with a long-term plan in mind and try to stick to that plan as long as the fundamentals (i.e. not peripheral attributes like price) continue progressing as one had originally envisioned they would. Also, only invest what you're willing to lose.
Re: Ask HN: Is it worth to invest into Ethereum right now?
#8I bought BTC at $250, the it dropped to $80. It rose to $1000, I bought more BTC, then it dropped to $200. Then it rose to $3000 and I sold it all for a profit.
The bottom line is if you believe it in the long term and have the patience to accept any medium term losses, it is fine to put your foot in after a run up. Maybe invest 10% of what you're willing to lose now, which can be nice to get the trust of exchanges early, so when you can buy more your daily limit will be higher. It takes some days to open an account so you might also want to do it weeks before you want to buy. When it inevitably crashes you can buy more.
I recommend averaging in, say 10% a month over a year, you will get a range of low and high prices.