Should I buy Bitcoin or Ethereum?

Question

There are a number of cryptocurrencies out there in the market with their related risks and volatilities like bitcoin, ethereum. I am willing to know from the investor point of view, whether should I buy bitcoin or ethereum, for a profitable investment?

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John Peter 3 years 1 Answer 2896 views 8

Answer ( 1 )

  1. Summary: Ethereum is one of the biggest players in the cryptocurrency market. It’s a blockchain platform. Ethereum generates the second most valuable cryptocurrency in the world, Ether (ETH). And just like Ether, Bitcoin is a top cryptocurrency. It’s the first one ever released. The biggest difference between Ethereum and Bitcoin is the purpose of the two coins.

    Bitcoin was made to replace real money, while Ethereum was created to help people develop decentralized apps (dApps) with custom smart contracts.

    Both blockchain generate cryptocurrency (Bitcoin and Ether) to compensate people who do the work to secure them.
    While you can pay for stuff with Ether, the Ethereum blockchain was developed with different goals in mind.
    Transaction speed is yet another difference between Ethereum and Bitcoin.

    While Ethereum could handle 15 transactions per second (and Vitalik Buterin says that it may reach 1 million per second someday), Bitcoin is hovering around 7.

    Should I buy Bitcoin or Etherium?, consider these things to come up with an answer:
    • Bitcoin is for paying, Ethereum is for smart contract-fueled dApps.
    • Bitcoin is almost three times more expensive but also the most well-known cryptocurrency in the world.

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