Bitcoin and Ethereum are two of the most popular cryptocurrencies in the world. Here, we take a look at the pros and cons of investing in each of them.
Bitcoin
Bitcoin is a digital currency that was created in 2009. It is decentralized, meaning that it is not controlled by any government or financial institution. Transactions are verified by a network of computers, and the coins are created by a process called mining.
Bitcoin is often touted as a digital gold because of its limited supply. There will only ever be 21 million bitcoins in existence, and as of July 2017, 16.7 million had been mined.
Bitcoin is also very volatile. Its value has increased by thousands of percent in the past few years, but it has also experienced significant price drops.
Ethereum
Ethereum is a decentralized platform that runs smart contracts. These are contracts that run exactly as programmed without any possibility of fraud or third party interference. Ethereum was launched in 2015, and as of July 2017, its market capitalization was $32 billion.
Ethereum is not as widely used as Bitcoin, but its value has been increasing at a much faster rate. Ethereum is also less volatile than Bitcoin.
The Pros of Bitcoin
1. Bitcoin is decentralized, meaning that it is not controlled by any government or financial institution.
2. Bitcoin is limited in supply, meaning that its value could increase in the future.
3. Bitcoin is very volatile, meaning that it can offer massive returns in a short period of time.
The Cons of Bitcoin
1. Bitcoin is not as widely accepted as other forms of payment.
2. Bitcoin is volatile, meaning that its value can drop significantly in a short period of time.
3. Bitcoin is not as stable as other forms of currency.
The Pros of Ethereum
1. Ethereum is a decentralized platform that runs smart contracts.
2. Ethereum has a much higher market capitalization than Bitcoin.
3. Ethereum is less volatile than Bitcoin.
The Cons of Ethereum
1. Ethereum is not as widely accepted as other forms of payment.
2. Ethereum is still relatively new, and its long-term potential is unknown.
The Pros and Cons of Investing in Bitcoin and Ethereum
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