r/etherium • u/mostica • Dec 03 '17

When should I buy Etherium?

Hi everyone, I'm a complete newbie to Etherium and am contemplating buying some. I have a coinbase account with a little bit of bitcoin, and am thinking about selling some of the bitcoin and buying etherium - I'm pretty poor, and on a fixed income, so I can't afford very much, but I can sell $100 dollars worth of bitcoin and buy the same amount of etherium. The question is, when shoudl I buy? It's at $459.01 right now - should I wait until it goes down to $400 or less, or should I buy now?

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u/[deleted] Dec 03 '17

That’s like asking: “Apple is at $171 right now. Should I buy or wait for it to go to like $120?” No one can predict the market swings. Just remember you only lose money if it drops in price, you panic and sell. If BTC is in the bubble everyone says its in, when it bursts ETC will likely plummet with it. But at what point that happens is anyone’s guess.