Hello everyone. I want to invest some money. I have saved around 600 USD. Now I want to invest in.
Ethereum looks like that, it will be a good place to invest some money. What do you think? If I invest my 600 USD into Ethereum, can I able to make some profit? Or there is a possibility that, I might lose everything? Please advice and suggest me.
The possibility for you to lose everything is kinda unlikely
If you bought 1 ETH, you still hold 1 ETH regardless of how much the prices move on
However, if you are looking to invest and earn some money
Either you go full risk and believe that ethereum could potentially move back to $1,000 level once crypto market recover
Else, i wouldn't really suggest you to buy Ethereum until it start to reverse (Despite you can earn lesser, but also you confirm the movement of price is upwards)