Ethereum vs Bitcoin - which to invest in?

[TreasureHunter]

Suppose you have 1000 $ to invest and you can choose from two coins: ETH vs BTC.

Which one would you pick?

After seeing the blast-off and dramatic rise of ETH vs BTC in the last 2 years, I think ETH would be the best choice. ETH was only 120-130 $ in the first days of 2020 and now if is nearing 4,000 $.

Perhaps John McAfee was right: BTC is relatively rarely used for real transactions, it's being done in other currencies, such as Monero. But the practicality of Ethereum is also appealing.

I am inclined to think that ETH can go ballistic and it's price can get much closer to Bitcoin's, even if I don't think it will surpass BTC from the point of view of price.

 

[dozerz]

both

alpha tip: create a uniswap v3 liquidity pair for eth/btc, then profit on trades while still hodling both

 

[mmm....shiney!]

@dozerz, got a link that explains how to do that?

 

[Steveno]

both

alpha tip: create a uniswap v3 liquidity pair for eth/btc, then profit on trades while still hodling both

Do you have a preferred exchange for doing these?
I have not entered the crypto market yet.

Do I buy BTC and ETH separately and then combine them as you suggested on a particular exchange.
Is the 'uniswap v3 liquidity pair' a separate derivative or product that I buy with my BTC and ETH.

As you can see I'm confused about the mechanics of this

 

[dozerz]

@dozerz, got a link that explains how to do that?

heres how to setup a v3, they have sliders now so i just monitor mine to make sure its always in range. gas is expensive atm so under 5k is probably not worth it, also go with the 1% fees over the 0.3. it pays out quite well and can hold either.

 

[Polar.bear.Stacker]

My guess is if you include gas fees and impermanent loss, you'd have to leave it in the pool for at least a month?

 

[dozerz]

well the whole point of v3 is to set controls on impermanenet loss when previously was not possible. i also dont mind holding either and am focussing my liquidity in that range for maximum profit. using a smaller amount you would need to stay in longer considering the gas fee to profit.

 

[OZZIE_STACKER]

Both are good, flip a coin or split it 50/50

 

[AussieHODLer]

This probably isn’t exactly the right thread. But this link below I believe is a great one for if anyone is thinking of getting into defi. It goes through the basics about how to set yourself up properly and protect your money as best as possible.

https://www.0to1defi.com/how-to-safely-set-up-a-wallet-for-defi/

 

[JohnnyBravo300]

Selling my btc and buying eth awhile back was the right choice for sure. As well as buying Dash.