Please tell me this is a wind up?
I'll give you my personal experience. I put in £5k in ethereum when it was £5 around 2 years ago. Looks at the value now. You I'll be fine. But it's too late to invest in ethereum or bitcoin for that matter. Look for a more recent technology coin. I would say you have missed the boat on ripple coin as well but from past experiences and current work that is ongoing re: ripple, it can still go 10 x the current value.The Question I ask myself is what will I regret more.....
Putting 5k in cryptocurrency losing it or doing nothing and learning in 5-10 years time the investment would be worth 500k.
I will risk the 5k.
I'll give you my personal experience. I put in £5k in ethereum when it was £5 around 2 years ago. Looks at the value now. You I'll be fine. But it's too late to invest in ethereum or bitcoin for that matter. Look for a more recent technology coin. I would say you have missed the boat on ripple coin as well but from past experiences and current work that is ongoing re: ripple, it can still go 10 x the current value.
Best thing to do is buy various coins i.e. £1k in 5 different more established coins than risk £5k on 1 coin.
Of course, there is a risk attached to this sort of investment. But the old risk and reward saying holds true. The higher the reward, the higher the risk. Or the higher risk, the higher the reward. Depends on your view.
I'll give you my personal experience. I put in £5k in ethereum when it was £5 around 2 years ago. Looks at the value now. You I'll be fine. But it's too late to invest in ethereum or bitcoin for that matter. Look for a more recent technology coin. I would say you have missed the boat on ripple coin as well but from past experiences and current work that is ongoing re: ripple, it can still go 10 x the current value.
Best thing to do is buy various coins i.e. £1k in 5 different more established coins than risk £5k on 1 coin.
Of course, there is a risk attached to this sort of investment. But the old risk and reward saying holds true. The higher the reward, the higher the risk. Or the higher risk, the higher the reward. Depends on your view.
I personally would never share such information on a forum. I can tell you one thing though, I agree that it will break $1,000 barrier. I would also say that in purely technology terms, ethereum technology should be worth more than bitcoin. Surprised you have not invested in STR.Have you cashed out on Ethereum yet?
Personally still feel it will break at least the $1000 barrier.
That's just gambling though. You can afford to bet the 5k which is fine but it's not some sound financial planning, it's just a gamble that perhaps a single item will gain several thousand percent gains.
Maybe it will or maybe it won't.
I'd argue that a better use of your money would be putting away 6 months of living expenses into a savings account, then with any change on that you should start investing into a SIPP and an ISA to create a small passive liveable income rather than throwing 5k at the tables like you're in Vegas.
It's your money but I go with "sensible long term strategy" over "hit and hope" any day.
Rewards are sky high and not normal at the moment because market is not mainstream. Once it becomes mainstream, which it will, the rewards will be much lower.I would say it's a risk to reward scenario rather then gambling..... where I think the reward far outweighs the risk
I personally would never share such information on a forum. I can tell you one thing though, I agree that it will break $1,000 barrier. I would also say that in purely technology terms, ethereum technology should be worth more than bitcoin. Surprised you have not invested in STR.
Stellar. Think of it as a tip. Of course you may know all about it already!Agree what you say about Ethereum/Bitcoin.
STR??
Rumours Ripple is next on coinbase which hopefully will push the price up.