Home CryptocurrencyBitcoin Should you buy Bitcoin (BTC) or Ethereum (ETH)?

Should you buy Bitcoin (BTC) or Ethereum (ETH)?

by Alan Daniel
, Should you buy Bitcoin (BTC) or Ethereum (ETH)?

If you only had a $100 and wanted to go all in on one of the most popular cryptocurrencies of today, which coin would it be? Would it be bitcoin or ether? Which one would you choose?

It is certainly an important question to ask.

One would certainly want to keep their expenses low while maximizing their potential gains. In addition to this, you may also want to be hands off, this means you’ll want to allocate your funds and then go start a startup or continue to focus on your career instead of trading on a daily basis.

So, which one should you pick?

Let’s take a look at some of the key points present within each of these networks.

The release of the bitcoin whitepaper and the bitcoin protocol was the big bang for the cryptocurrency sector. Bitcoin would ignite an ever-expanding universe that is the cryptocurrency sector.

As the origin of the cryptocurrency sector, bitcoin commands respect, attention, brand awareness, and value accrual. Furthermore, compelling narratives around the practical use and value of bitcoin is present to clearly state why there is a need for the currency in the world we live in today.

A bitcoin developer and the CTO of CasaHODL summed it up well when he tweeted that bitcoin is a” Native Internet money that’s controlled by no one & accessible to anyone. Rather than trusting an authority to do the accounting, many users run accounting software to ensure nobody cheats. Transactions are secured from reversal by large amounts of energy”.

The ex-wall streeter and billionaire investor Mike Novogratz sees bitcoin as digital gold.

Both narratives work and explain the value of the leading digital asset. Bitcoin exists in a world that is becoming more open, more technological, and more connected. Unseizable value in a censored world makes a lot of sense and appeals to a good portion of the population.

Bitcoin is a buy for the long-term if one thinks that more people will realize the simple value of bitcoin and will purchase it.

According Ethereum.org “Ethereum is a global, open-source platform for decentralized applications. On Ethereum, you can write code that controls digital value, runs exactly as programmed, and is accessible anywhere in the world”.

Ether is a buy if one thinks like Ryan Sean Adams, that Ether is the “reserve currency of the Ethereum economy”, will serve as money, and will continue to see use as collateral in the long run.

The Ethereum economy does seem to be chugging along at a nice rate despite some defections, more corporations and banks are using or building on top of Ethereum for decentralized finance as well.

Which One?
You may want to allocate funds to both. They both serve different purposes and provide exposure to different aspects of the cryptosector.

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