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.
My opinion is nothing different than yours. Bitcoin is the mother of all crypto currencies and its comparison with any altcoin has been happening for ages now but the results have remain the same. Bitcoin smokes altcoins every time much better than the previous one. Eth is a slow progressor. Both are not bbbles but investors wants a fast increment in their money so bitcoin is the best of the best in this scenario. BTC is the base of digital coins.