I just remembered that I have around 47 Ethereum that I bought far more cheaply a while ago, which is about the same as 3.8 BTC at the time I'm writing this. What should I do with them to stabilize my assets?
convert some of it to btc when it corrects and keep the rest in eth, eth is still extremely undervalued
Keep it in ETH. ETH will surpass BTC in price within a few years. BTC is just a currency. ETH is a currency and a lot more.
>>3032759
Invest some of it in some good ICOs.
>>3032880
Three I'm interested in that are coming up are
Salt Lending - Cash loans using crypto as collateral. Say you need cash, instead of selling your crypto and worrying about taxes you can get a loan from these guys. Good team with the founder of Shapshift on the board. https://www.saltlending.com/
Omega One - Decentralized exchange. They look like they'll probably do it better than the current ones that exist. Decentralized exchanges are probably going to be the next big thing with with all the issues (running off with your money, FBI shutting them down etc.) with centralized ones.
Enigma - Decentralized data marketplace. Honestly mainly interested in this one because the team consists of people from MIT.
Ask anyone, these are all solid picks.
Send me some eth if you think that was helpful:
0x7e2037E581d1f1FC7359170722fE9e1ba91AfC49
>>3032785
Although this guy is correct that Eth is a lot more (its more tech than currency), this idea that it can easily "surpass" btc is very naive.
The reason for that is not me being a fanboy, it has to do with the coin number. There's currenlty 16,502,437 BTC and 93,944,465 ETH.
So if anything, Eth is already impressively high. But it is possible for Eth to have a higher market cap than bitcoin, higher volume than bitcoin yet the price to still be under 3000.
(In fact, if Eth was currently $700, it would in fact be all that).
To make it to 3000 Eth's marketcap would have to be more than twice the current crypto market. Not impossible (since it will presumably only grow) but still far far away.
Honeslty, at this point finally breaking out of the $300s would be great (not just as a spike). And making it to $500 (which is a nice psychological number as well) would be pretty huge.