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
It would be a much more smart move to invest equal amount of your money in both the coins. Bitcoin being the pioneer is considered as a brand of cryptocurrencies and with a strong market capital of $123 billion is no longer under a financial bubble. Hence, it ensures a safe investment.
Ethereum is the second most popular crypto and with its potential will help you earn good profits in a shorter period of time. Also, not just as an investment asset, the coin can be used as a token for smart applications or as a platform for posting new ICOs. Hence, you should consider in investing in both the coins.