Right know I'm heavily focused on accumulating as much Eth as I can. I'm almost at the goal I've set for myself in terms of how much I'd like to have before investing in another coin, since I've started investing again a short while ago. Next up I'd like to stack some ADA and BTC of course. But I can't help but wonder is accumulating ETH and ADA the right move right now? Or should I be more invested in BTC in terms of potential long-term returns?
I think Bitcoin and then Ether are very effective for long term investment. Last year we saw many experts predict that if Bitcoin stayed above $100K, Ether would be at $25K. So I think Ether could be a good investment. There are also other altcoins that you can invest especially if you invest in both BNB and ADA both of the two can give you good returns in the long term investment.
Bitcoin price history we can see and the price of ethereum has an attachment to the price of bitcoin, when the price of bitcoin goes down and up then the price is affected. for a newbie, it is best to choose a reputable cryptocurrency and bitcoin, ethereum and bnb are good recommendations.
It's only natural with the price that will appear later. if the price of Bitcoin decreases it will impact all coins. Not only Ethereum is experiencing a decline but almost everyone is experiencing it.
I also feel pain in this bear market, all support is broken in an instant, and I have to be forced to cut losses and buy back,
of course this makes our psychology chaotic, especially for newbies if they want long term investment,
of course they must be really prepared with this volatility .And of course you have to be mentally strong!