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Is Ethereum better than Bitcoin for the future? (Ethereum vs Bitcoin)
After the huge increase in the price of Ethereum in 2017, the question that most investors are facing is whether we should invest in Ethereum in the current year or invest in Bitcoin. You must 1st and especially watching the past performances of both and the application of both. Once you are able to examine this, you will be able to understand which is the best option to invest.
Although the seller accepting Bitcoin is increasing day by day, but the underlying application of Ethereum is much stronger as it provides a platform for the execution of smart contracts that is increasingly used by a number always greater than companies worldwide.
On the other hand, when you talk about Bitcoin, it's mostly used as currency. However, it is not able to replace any of the Fiat currencies in the off-line world. This is one of the main reasons why, after the recent run-up, it is not worth investing right now. The risk-return ratio is currently in favor of risk when it comes to investing in Bitcoin.
When comparing both cryptocurrencies on the basis of media coverage, one realizes that here, Bitcoin is much stronger than Ethereum. This is one of the main reasons why Bitcoin is readily attracting new investors. Also, you have to consider the forks (Bitcoin Cash, Bitcoin Gold) that are also coming in Bitcoin. They are generating added value for investors.
With the 1,000% increase in Ethereum, Ethereum is also receiving a good media outcry. For this reason, it is no longer an unknown cryptocurrency.
You must understand that Bitcoin is the highest value of cryptocurrency by market capitalization. On the other hand, when you're looking at Ethereum you realize it's 2ND more appreciated. However, the gap between Bitcoin and Ethereum is quite wide. Even if Ethereum were to remain on 2ND most appreciated cryptocurrency, still has a huge appreciation space. Also, since the basic application is strong, you can be sure that the volatility would be at the bottom.
Because of all these reasons, you must understand that if you are looking for a relatively minor volatile cryptocurrency, then Ethereum is one of the perfect options for you. It is necessary, however, to make sure that when you opt for Ethereum you have a long-term horizon. Only when you have a long-term reason, it would be easier to generate profits.