Which coin to buy Bitcoin, Ethereum or Litecoin?
I should say, it depends on your investment risk tolerance and investment.
Just a reminder!
BITCOIN was the original cryptocurrency blockchain that formed the entire industry. Bitcoin had an exceptional marketing power behind it and gained a reputation as the most used and recognized brand in the industry.
LITECOIN was an alternative to bitcoin. Litecoin made minor adjustments to bitcoin but didn’t deviate from the fundamentals. Litecoin made momentous evolution by implementing Segwit protocol in their chain.
EHTERUEM was a different blockchain and differ from its competitors. Ethereum virtual machines allow for new applications and processes complex smart contracts.
If you are looking to trade one cryptocurrency, then trade Ethereum, if your goal is primarily long-term, then invest with bitcoin or Ethereum. However, “If you panic when you see you are down by 50%, “stay off Ethereum.” If you are looking for quick profits, “don’t invest in Ethereum.” If you are looking to trade long-term, before seeing any significant profit, “invest in Ethereum.”
Alternatively, “Trade Bitcoin, if you are risk indisposed.” Bitcoin is less risky with equal potential.
Ethereum is the best investment, at least for long-term profits. However, bitcoin is the best investment to make, at least today.
Bitcoin is the most famous blockchain and the entry-point for new investors. It has the most media coverage, Makes the headline, and remains active and functional. Most crucially, it has room for growth despite the political in-fighting. Experts predict that bitcoin can grow to $50,000 or even $100,000.
Bitcoin gained the most users, so it makes sense, why Bitcoin is valuable. Litecoin, on the other hand, had low value and a small audience.
Litecoin, forever, remains Bitcoin’s modest brother and cannot overshadow bitcoin’s marketing. Litecoin is a lousy choice for long-term investments. It has skyrocketed due to the latest execution of Segregated Witness. People might ignore litecoin once bitcoins solves its scaling issues.
Ethereum fails, because of its blockchain design. Bitcoin blockchain has a hard cap of 21 million. The number cannot change without a fork. Thus, bitcoin remains limited and valuable. Ethereum lacks a hard cap, and even if the rate of Ethereum reduces, supply is unlimited. Therefore, Ethereum can never have the same value as bitcoins.
Remember, cryptocurrency is unpredictable due to the rapid changes. Invest on different platforms, “so you lose less.” Cryptocurrency is not for those terrified of loses. Alternatively, those not firm to exceed the rapid changes occurring in the industry.
Just a reminder!
BITCOIN was the original cryptocurrency blockchain that formed the entire industry. Bitcoin had an exceptional marketing power behind it and gained a reputation as the most used and recognized brand in the industry.
LITECOIN was an alternative to bitcoin. Litecoin made minor adjustments to bitcoin but didn’t deviate from the fundamentals. Litecoin made momentous evolution by implementing Segwit protocol in their chain.
EHTERUEM was a different blockchain and differ from its competitors. Ethereum virtual machines allow for new applications and processes complex smart contracts.
Which coin has the highest potential long-term?
Ethereum is leading with the future use cases and innovation. Ethereum can serve a broader audience in every industry. Ethereum has a thriving community with new technologies. Bitcoin is currently struggling to innovate. Litecoin has not advanced as Ethereum.If you are looking to trade one cryptocurrency, then trade Ethereum, if your goal is primarily long-term, then invest with bitcoin or Ethereum. However, “If you panic when you see you are down by 50%, “stay off Ethereum.” If you are looking for quick profits, “don’t invest in Ethereum.” If you are looking to trade long-term, before seeing any significant profit, “invest in Ethereum.”
Alternatively, “Trade Bitcoin, if you are risk indisposed.” Bitcoin is less risky with equal potential.
Ethereum is the best investment, at least for long-term profits. However, bitcoin is the best investment to make, at least today.
Bitcoin is the most famous blockchain and the entry-point for new investors. It has the most media coverage, Makes the headline, and remains active and functional. Most crucially, it has room for growth despite the political in-fighting. Experts predict that bitcoin can grow to $50,000 or even $100,000.
Bitcoin gained the most users, so it makes sense, why Bitcoin is valuable. Litecoin, on the other hand, had low value and a small audience.
Litecoin, forever, remains Bitcoin’s modest brother and cannot overshadow bitcoin’s marketing. Litecoin is a lousy choice for long-term investments. It has skyrocketed due to the latest execution of Segregated Witness. People might ignore litecoin once bitcoins solves its scaling issues.
Ethereum fails, because of its blockchain design. Bitcoin blockchain has a hard cap of 21 million. The number cannot change without a fork. Thus, bitcoin remains limited and valuable. Ethereum lacks a hard cap, and even if the rate of Ethereum reduces, supply is unlimited. Therefore, Ethereum can never have the same value as bitcoins.
Conclusion
Remember, cryptocurrency is unpredictable due to the rapid changes. Invest on different platforms, “so you lose less.” Cryptocurrency is not for those terrified of loses. Alternatively, those not firm to exceed the rapid changes occurring in the industry.
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