Hi All,
I have just over £500 to spend and I'm not sure where I should be investing this.
Do I buy a small fraction of a bitcoin or buy 2 ethers?
What would you do?
I'm looking for some long term investment.
Also, i'm hoping to contribute £100 per month towards either one but not sure which direction I should be taking.
Many Thanks
Ether have a nice support from big organisations like Microsoft, so backing it would be awesome idea as most of the countries aren't in favour of bitcoin, but due to the influence of companies like Microsoft it can get much support.
Ether may have advantages but as compared to bitcoin ether is like a kid, and price of bitcoin and profit rate is also high.
Crypto is known just because of bitcoin and ETH is not that much popular as bitcoin is and bitcoin accepted all across the world whereas eth is just known at the organizational level and bill gates also declared bitcoin as most profitable coin and so dont take risk invest into bitcoin you will see results soon.
If you are good in trading and you think you will be able to earn good amount of profit by trading, then I will suggest you to go for ETH in the beginning. Once you have this much of budget that you can comfortably invest good amount of money in bitcoin, then you can switch from ETH to bitcoin. Investing thins much of money in bitcoin initially will not help you serve the purpose.