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Quote from: cheezcarls on November 04, 2022, 01:07:28 PM

I gifted my sister $100 worth of ETH last year when it was hovering around $2k. She also likes to invest on Bitcoin but wants to go all-in. But I told her not to because its very risky if she will convert all of her savings into Bitcoin.

My friend you are underestimating Bitcoins according to me. Your sister might have done a proper research before thinking of going all in with Bitcoins. Bitcoins have the highest marketcap compare to any other coins, and its limited in numbers, so definitely as the time passes it will become more valuable, and hence due to limited in numbers the price will go high. I guess your sister was thinking right, Bitcoins are always best for long term holding.

First of all, as I am understanding this, his sister wants to invest 100$ in bitcoin. When you said that she was to go all in on bitcoin, we are talking about 100$ only? Am i right?

If so, why there is so much debate? You can invest this 100$ in bitcoin or in Ethereum in current market conditions and still be in profit. If she wants to invest more money and that too in bitcoin then it is the safest investment.

Thwr should be no need of debating on this issue because op is thinking of a means to help the sister invest in Bitcoin which is very good opinion and I think he need to go ahead and do whatever he likes because this money can yield lots of money if the op invest the money in Bitcoin and hold for like 5 year to 7 years. The market is bear now and things is going to change soon and the market will go bullish once this bear is over. Investing is the key for now not holding fiat.