So I am planning on putting 500 euros on Eth and Btc each(1000 in total) to hold for long term. Is it a bad time to invest in those crypto-currencies?
Many people will say it's a bad time right now to invest in Bitcoin because it just hit a new all time high today ($6400) and Ethereum just gain a little bit on value, but for me if you are going to invest and hold it for long term, you should do it as soon as possible and don't wait for the right time, it is always the right time for long term Bitcoin investment because more and more people and business are adopting Bitcoin right now. I'm not a big fan of Ethereum but I also put some money on it for long term.
Some are asking too that is it the right time to buy bitcoin but the fact that bitcoin is getting expensive and the price is keep on rising, some may have been waiting for the price to go lower than the original. They are not looking the bright side of the future instead they were looking of what is happening today not tomorrow.