Is it better to invest in Bitcoin or Ethereum in 2020?

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Avatar for michellhilton
3 years ago

Personally, I believe Bitcoin is a safer bet because of its simplicity. Unlike Ethereum, you can’t build things on top of it. And while that initially feels like a limitation, I’ve actually come to realize that it’s one of the key features of Bitcoin, because it is so simple and limited in scope and that it’s just trying to solve payments.

What is more, Bitcoin has a much smaller attack surface than Ethereum does. In other words, it’s less susceptible to bugs and attacks and hacks or other black swan events that could wipe out the network overnight. And while Bitcoin has been in the market for 10 plus years and its battle-tested, Ethereum, on the other hand, has only been in the market for about 4 years.

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Ethereum is not as battle-tested and there are a lot more moving parts. And because you can build things on top of it, it’s slower it’s getting clogged up a lot faster. At the end of the day, the surface area of attack is just so much larger it’s more susceptible to bugs and attacks and those other black swan events.

Ethereum also has a long way to go in terms of solving its scalability issues and there’s gonna be a lot of growing pains along the way as it becomes this global world computer. And because of that, there’s a lot more risk baked into Ethereum. Nevertheless, I believe that the potential upside on Ethereum is a lot higher because the possibilities of what you can build on top of it are theoretically endless.

So Ethereum, in my opinion, is that higher risk but higher reward type of opportunity. And for me personally, I am willing to take on a little bit more risk for the potential of that higher reward.

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Avatar for michellhilton
3 years ago

Comments

Your article is good and stressed some points. In term of investment vehicle, Bitcoin holds a higher value than Ethereum. Bitcoin is doing well in term of investment than Ethereum.

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3 years ago