Bitcoin Vs Ethereum: Driven by Different Purposes

4 stars based on 73 reviews

Here's a hypothetical situation that I would like to pose to anyone that's interested in cryptos and answering this question. You can split the investment up however you want each month, but once you invest your funds, you have to leave them there for at least three years.

What investment strategy would you follow and why? There are problems with Bitcoin and it's not a foregone conclusion that all of these issues will be worked out in a good way.

This adds an element of risk. One of the current issues with Bitcoin is around longer transaction times which might dissuade some businesses from adopting it, hindering its mainstream appeal.

Since Bitcoin has been around the longest and has already jumped up massively in price, this can lead many people to believe that they've already 'missed the boat' and can lead them to look for alternative crypto investments that they can get into 'on the ground floor' which they believe might lead to higher overall returns in the long run.

It solves a problem that Bitcoin couldn't smart contracts. It can arguably be so much more than Bitcoin ever could.

Some people compare Bitcoin to a website and Ethereum to the web itself. It's newer, the price is lower but has fairly recently skyrocketed and this could potentially appeal more to investors who felt like they missed the boat with Bitcoin. Many people believe that Ethereum's market cap might overtake Bitcoin's sooner rather than later. It's more centralized than Bitcoin and this could potentially pose some risks. It is still fairly unproven in that it has not yet really delivered all it promises to be and has not yet withstood the test of time.

Bitcoin certainly cannot keep going along the way it is should i buy ethereum instead of ethereum and needs to be improved in order to continue to be viable as a currency. It's interesting that you're so bullish on eth. With it being so new and being such awesome tech, it certainly has so much room to grow. I've certainly been focusing on the new coins too, but that's such a crowded space now and I'm a bit leery of all the noise and the prospect of the 'pump and dump' schemes.

I really want to do my research and understand what's out there before getting too invested in some of the newer stuff that's out there now. IMO, Ether is way under valued and has plenty of potential to reach Bitcoins current price within the next 2 years.

I'd say more on Ether than bitcoin for now. Have you taken a look at Litecoin? Yes, I agree with you on eth. Yes, Litecoin was the one Should i buy ethereum instead of ethereum was actually the most interested in when I first got involved in this space in I'm not really surprised at what's going on with the price now what with Segwit, etc.

It doesn't have some of those major issues that Bitcoin's dealing with now which I think it helping it. If you are just investing, split in half and buy of each coin every month, the best way the spread the risk.

I would invest in neither of them. They are too should i buy ethereum instead of ethereum and it is too hard to get a big piece of those expensive pies with little investment. Interesting point and thanks for the heads up, I'll be sure to check out your blog. I agree it's a bit too late to take a strong position in either of them at this point at least for me anyways with the cash I've got available to invest.

If that happens, it will look like a real bargain now but it's hard to know at this point if that's realistic or not. Yes neither one of them are going anywhere and if they do then the whole cryptosphere is in a world of hurt.

A lot of the problems that you mentioned about bitcoin won't hurt the investor at all and may actually be beneficial for them in terms of a hardfork, and then receiving the new BTC coin whatever it maybe and keeping their original one. Interesting perspective, thanks for sharing. Which coins are you most interested in at this time? Really appreciate you bring this to our attention.

The coin market will be turbulent for the upcoming year s should i buy ethereum instead of ethereum I really believe in it. We do need more should i buy ethereum instead of ethereum investment analysis. This is quite an interesting website I found: They even score the coins stengths. Here's my take on this.

Bitcoin Pros Bitcoin was the first crypto to come into existence, therefore has higher name recognition than any of the other cryptos. This makes it reasonable to assume that it will experience an easier time generating more interest, trust and adoption from the mainstream than the other cryptos.

Bitcoin has a massive amount of investment and infrastructure set up all around it with tons of people really wanting to make sure it succeeds in the long-term. Bitcoin is amazing technology created and nurtured by very intelligent people Bitcoin has already withstood the test of time in many ways, much more so than the other cryptos since it was created first, and has already faced many challenges and is still alive and well.

Cons There are problems with Bitcoin and it's not a foregone conclusion that all of these issues will be worked out in a good way. Ethereum Pros It solves a should i buy ethereum instead of ethereum that Bitcoin couldn't smart contracts.

Cons It's more centralized than Bitcoin and this could potentially pose some risks. With those points noted, I would have to say that I should i buy ethereum instead of ethereum still invest in both of them as they both show a lot of potential. My personal preference should i buy ethereum instead of ethereum to favor Bitcoin mainly because it has already withstood the test of time compared to the other cryptos at least and because there's so much infrastructure around it and I can't see people just abandoning it when it's such brilliant technology.

I think people will find a way to overcome the challenges that come up with it, even though it won't be easy. Ethereum is so promising though and I don't think it's a question of 'if' it will live up to what it promises, I really think it's just a question of 'when'.

If a 'killer app' comes out on Ethereum that really starts to get a lot of traction and take off, at that point, I would shift my investments more towards Ethereum probably reverse them. Authors get paid when people like you upvote their post. But also to to split the profits.

Lego mindstorm robot building instructions

  • Exodus coin market

    Minerador bitcoin downloads

  • Anthony di iorio bitcoin stocks

    The mysterious bitcoin tycoon who promised to give away an $86 million fortune just made another don

Business accepting dogecoin chart

  • Master bike lock set combination

    Ethereum newsela

  • Bitcoin qt instructions for 1040ez

    What is the bitcoin stock price

  • Dj flooring exmouth market

    Best bitcoin mining software for windows

Mezcla de colores azul y verde

11 comments Asic bitcoin miner antminer

Dogecoin wallet out of sync windows media

The information on this site is provided for discussion purposes only, and are not investing recommendations. I believe Korea and India both have high premiums but both are indeed risky places for trading. However CWEBot's Hybrid Trading is exactly what I was looking for, I love this botŠ² Dana Moore (Software Solutions).