Part of my hesitation with bitcoin is I bought Ethereum last July when it was at $475 only to watch it tank since I pulled the trigger on the purchase of $500 worth. Not sure if it will ever recover but the trends I see for bitcoin make me believe that I wont be in that position if I hold for a year or more.
While I'm not saying that ETH won't recover(because I honestly think it would), bitcoin is still the best and safest bet in my opinion. I know that ETH is quite controversial and debatable here and like I said that I think bitcoin is a better hold, I think you'll still be able to end up with a profit if you just held those ETH long enough. Look at the bright side, at least you didn't buy something like XRP instead. ¯\_(ツ)_/¯