Lark Davis shared:  There are literally thousands of crypto coins in the market. Yes, many can give big gains, but if you want to keep it safe and simple just buy Bitcoin and Ethereum and HOLD.

Community Response:  What if you can’t afford Bitcoin or Ethereum? I suggest you go for the lesser one.

32 ETH is too steep for the average person to run a validator.

Nothing in crypto is safe.  We can fairly say only Bitcoin is the least risky asset at the least. And Ethereum for sure not really the one.  It is one of the risky coins, out there with uncertainty on regulatory side and next on SEC’s charter as its considered as an Exchange in itself.

Ethereum will let a lot of people down one day? Government will eventually get their hands on it.  I would say they are waiting for proof of stake (PoS) to be completed. It’s way too centralized to be a future-safe bet.

Perhaps, you can also try some EVM (Ethereum Virtual Machine) chain tokens.  You might have to do some research to understand the project and the tech underlying that.

A good build of a diversified portfolio will consist of BTC and ETH.  However, it is important you invest in new technologies like metaverses, NFTs and play to earn games. If you ignore new technologies you are lost.   

Accumulating BTC and ETH is no fun. Definitely, accumulate those two, but go have some fun in the low cap community tokens. Some of them are great projects – high risk with high reward.  You should encourage people to do their own research not blindly buy BTC and ETH and Hold.

If you only have $1000, buying BTC or ETH won’t make you rich in a few years. It would be better to buy the cheaper metaverse tokens.

People often describe ETH as a safe bet, but if you look at it: They have the biggest market share for smart contracts, so they can lose the most. Also, their tech has so many scalability issues, that it is very probable that someone else with different architecture overtakes it. However, agreed that no one has ever gotten anywhere just by keeping it safe.  Even BTC and ETH aren’t safe investments – they can drown as much as 90% in bear market.

On the other hand, ETH is not viable for mainstream.  The gas fees are ridiculous.  Many might not be able to afford those Ethereum.  It should still be considered a gamble given its competitors and fees.