I am looking forward to invest 500 either in Ethereum or Neo. I have a big stock of different cryptocoins (quite a few Ether and other Alts) and now my question is shall I stock up my Ethers or invest in Neo? Also with regard to future developments. Any reccomendations?
In my opinion, I think that Ethereum and Neo are an acceptable cryptocurrencies for investment in order to guarantee a great profit, due they are in the top 10 on the market, but you must invest in the appropriate time (when there is a crisis or big drop). Thus, the large financial budget for investment is not important when their timing is wrong. and for me, maybe this is a good opportunity to invest a large proportion of money in many cryptocurrencies, because it is expected that after a few weeks, the market will jump especially when Bitcoin will rise with a huge value.
Furthermore, I advise you to invest in some cryptocurrencies who has a big value of market cap ( more than 3 Billion dollars ) and a weak price ( less than 5 Dollars ), Also, you should focus and do not rush to choose currencies .Because you may regret it if you make a mistake.
In fact, I like your budget 500 £, So this is the best way to ensure a good profit :
200£ to invest in Ripple.
100£ in Tron.
100£ in Cardano.
50£ in IOTA.
50£ in Nem.