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Author Topic: Is it smart to invest in Bitcoin? or in Ethereum?  (Read 420 times)
John5826 (OP)
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March 26, 2021, 06:51:11 PM
 #1

Is it smart to invest in Bitcoin? or in Ethereum? because NFT already in market.
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March 26, 2021, 07:35:41 PM
 #2

For bitcoin investing is only option to grab huge profit in future. And bitcoin has the highest price and highest volume creator trend.  But for ethereum here has some more extra effort. I suggest if you choose ethereum then don't buy ethereum try to invest for ethereum mining setup. Because we know that miners got huge profitted through mining all because of Ethereum higher gas fees. So if you invest for set up a ethereum mining then you can be more profitable. Plus nows most trending topic in crypto which is nft. Where has anything like art, photo, music, video, text, tweet all could be sold. That is why lots of wealthiest person comes to take their limited edition.  And we already saw lots of millions dollars art.  Which is the most trendy topic in ethereum right now. So for now ethereum could be safest for you?
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March 26, 2021, 08:10:50 PM
 #3

Is it smart to invest in Bitcoin? or in Ethereum? because NFT already in market.

Bitcoin is the mother of cryptocurrencies. It has been on the market since 2009 and has its origins in the financial crisis of 2007. At this time, the desire for an independent, decentralized monetary system increased.

Bitcoin was born - the solution if you ask me.

Many other cryptocurrencies have since emerged, such as Ethereum, as a Bitcoin alternative. Ethereum was launched in July 2015 and grew quickly and the main advantages are the smart contracts and the variety of token integration into the blockchain.

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March 26, 2021, 08:25:46 PM
 #4

It is for both but more likely to bitcoin.

Are you only investing to Ethereum because of the hype of NFT? Investing in bitcoin is good for all times, you only have to choose a good low price when you're buying it.

And just a day ago, the price was seems to be good and it has recovered today.

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March 26, 2021, 09:05:07 PM
 #5

NFT tokens are supported by many Ethereum competitors.
You can try making your tokens on Avalanche, it will be very inexpensive.
https://docs.avax.network/build/tutorials/smart-digital-assets/wallet-nft-studio
In investing, it is important to diversify risks and not buy just one coin.
I would choose different directions, besides Ethereum and Bitcoin.
For example, decentralized exchanges: 1 inch or uniswap, as well as NTF projects, for example Rarible (RARI)

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March 26, 2021, 10:32:34 PM
 #6

Is it smart to invest in Bitcoin? or in Ethereum? because NFT already in market.

My answer will continue to be the same: It is always sensible to invest in Bitcoin and Ethereum. These cryptocurrencies are the best for long-term investments. It has always been like it and I don't expect it to change also.

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March 27, 2021, 12:01:07 AM
 #7

You can invest in both, and rip the benefits after longterm hold. Both assets had increasing demand for years, so you can never go wrong putting good amount on those crypto assets. NFT’s are different, you have to make a research about it some NFT’s have real use and some are just useless.
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March 27, 2021, 12:04:36 AM
 #8

Is it smart to invest in Bitcoin? or in Ethereum? because NFT already in market.

You can never go wrong with both cryptos, both are prime movers.

However, I'm sure most of us prefer Bitcoin though, I mean we've been holders and it has proven to be a good investment. Just one year ago, the price hit it's lowest at around $4000, and look at where it is sitting right now and it could possibly hits 6 digits in the future. I'm not really sure about the status of NFT's, maybe it's just another hype in the altcoin market.

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March 27, 2021, 12:58:07 AM
Last edit: March 27, 2021, 01:33:55 AM by morggin
 #9

Because we know that miners got huge profitted through mining all because of Ethereum higher gas fees. So if you invest for set up a ethI suggest if you choose ethereum then don't buy ethereum try to invest for ethereum mining setup.
I wouldn't follow this advice as it's insane to make the investment on the required hardware (which is fucking ridiculous in price due to scalpers right now) when ETH is moving to Proof of Stake.  Sure there are mining pools but the point of crypto is decentralization not pooling everyone together.  

I would however recommend trying to get in some of the low-cost cryptos right now.  For instance, despite the naysayers, try to get some XPR / XLM while it is still below $1 a coin.  Get more coins for the money you put in instead of fractions of an expensive asset.   If you're looking for a legitimate way to make money it's your best bet as to when the market moves on those coins its an exponential growth in your profit as opposed to more violent and volatile swings in price on the fractions of the older assets.  

A lot of people may not like this observation but anyone that is not already in a good position with some of the older assets has missed the boat.  Don't make decisions base on FOMO. There is more than one rocket ride to the moon and beyond.
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March 27, 2021, 01:24:39 AM
 #10

What I am thinking with NFT is extremely huge for Ethereum. The scenario will become likely the same with Decentralized Finance (DeFi) since it was started. The only difference is NFT started at the bull run while Decentralized Finance (DeFi), is the last bear run.
Especially once Ethereum will be scale, massive growth is expected with NFT for sure.
And speaking with Bitcoin - the KING.

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March 27, 2021, 01:28:39 AM
 #11

Both have performed better than traditional investments in recent years. They are a better investment than gold and most stocks. There is also more risk but not significantly more because volatility isn't as extreme as it used to be and people are smarter about security.

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March 27, 2021, 01:35:26 AM
 #12

Is it smart to invest in Bitcoin? or in Ethereum? because NFT already in market.

Bitcoin is the mother of cryptocurrencies. It has been on the market since 2009 and has its origins in the financial crisis of 2007. At this time, the desire for an independent, decentralized monetary system increased.

Bitcoin was born - the solution if you ask me.

Many other cryptocurrencies have since emerged, such as Ethereum, as a Bitcoin alternative. Ethereum was launched in July 2015 and grew quickly and the main advantages are the smart contracts and the variety of token integration into the blockchain.

Bitcoin is more likely to be king and Ethereum as queen  Grin Grin Grin but note from me is maybe u can start investing in other altcoin as well off course do your own research first maybe u can find the next eth right  Cool

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March 27, 2021, 02:34:54 AM
 #13

Bitcoin and Ethereum are placed in front of me, and I think they can all be bought. Ethereum chooses fixed investment, and Bitcoin chooses to do the band.
If you choose to hold for the long term, buy Ethereum.
If you want short-term operations, buy Bitcoin.
Finally, make a small prediction here. With the gradual maturity of DeFi applications and the gradual introduction of ETH2.0, the value of ETH will be far more than the current US$400.
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March 27, 2021, 02:35:46 AM
 #14

I would only invest in Bitcoin right now I don't want any erc20 or ethereum since their transaction is too expensive.
And I think Bitcoin has more chance to grow or increase price rather than ETH.

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March 27, 2021, 03:06:14 AM
 #15

My opinion you invest in both, Bitcoin is the more mainstream and stable of the two, although the bullish sentiment among experts in the field appears to have only grown over the last year for Ethereum. As with most investments, it's possible Ethereum's higher risk brings with it potential for higher rewards.
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March 27, 2021, 06:43:38 AM
 #16

Bitcoin is a must to invest for a long term investment and altcoins are there to give you profits even if the bitcoin's price is not doing well.

There are also a lot of opportunity in other coins like XRP, ETH, and etc., not only in bitcoin because they are also volatile in the market.

Settling in only one investment will not make you grow compared to having different sources of profits. Being knowledgeable on where to put your eggs or investment will really make you prosper much faster unlike on focusing only on bitcoin. Always remember, the more the merrier, it is also applicable in a crypto investment.

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March 27, 2021, 06:56:57 AM
 #17

If i will rank the most used or invested cryptocurrency, for me BTC is no.1 and ETH no.2 their price is really high in the market.

Invest on both then you will really see the difference between the two, both are profitable depending on their seasons so always observe the market.

For long term, invest on bitcoin, if you want to make profit for short term, invest on ETH.

We have different reasons and motive why we are investing in a certain coin, because we want them to prove something in the market.
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March 27, 2021, 06:58:29 AM
 #18

the value of ETH will be far more than the current US$400.

What the hell are you talking about ... ETH is at $1700+ as of this post.
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March 27, 2021, 07:23:53 AM
 #19

If you have the money to invest in both then it is the better scenario, but if not then you might want to go for bitcoin because of the steady growth and unlike ethereum where the gas price is currently so expensive, I think that bitcoin is the way to go.

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March 27, 2021, 07:52:15 AM
 #20

For long term, invest on bitcoin, if you want to make profit for short term, invest on ETH.

Bitcoin can also be profitable for short-term investments. -10% today, +20% tomorrow Grin

Not too long ago, I managed to profit around $150 by hodling it for around 1 week.

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