Investing in Bitcoin vs. Ethereum

Bitcoin was first introduced in 2009 by Satoshi Nakamoto, and years later it is rising as one of the better forms of investment. Sure, it has had its ups and downs, but it has successfully gained the backing of major companies and financial entities such as JP Morgan, Goldman Sachs, PayPal, Tesla, Apple and MicroStrategy. Bill Gates believes that “The future of money is digital currency”.
But, is Bitcoin the only digital currency worth investing in?
Ethereum is the second largest cryptocurrency, initially released in 2015, and with many developments in the work, it is full of potential. Billionaire entrepreneur, Mark Cuban, is on record stating that Ethereum “dwarfs Bitcoin”.
There are other altcoins which have the chance to fly high. We are on the verge of the ‘altcoin pump’. As you read on, you will uncover many altcoins, such as Litecoin. The craze of Dogecoin and whether it is a bubble will be discussed as well. The common questions one might have about these cryptocurrencies are answered in ways that are easy to understand. Ultimately, comprehending the history behind this market will expand your knowledge about its future.
A common dilemma with cryptocurrencies is the know-how. It is assumed to be too difficult to understand by many people, which may be true for some. However, if you do put in the effort to understand this market of cryptocurrencies, you can earn major chunks of profit through diversifying your investment portfolio.
Learn about the history of this market from its very inception and answer questions about whether or not it is too late for this investment. Nasdaq estimates that only 46 million Americans now own Bitcoin, so it is still in its relative infancy. Understand how to invest and what risks are involved. This book will also focus on what the authorities like Vitalik Buterin, Elon Musk, the Winklevoss Twins, Raoul Pal, and many more are saying in order to understand the risks better.
Regardless of whether you’ve read a single finance or investing book in your life, this will help you understand how to safely create a passive income from cryptocurrency investments the right way. Hasty decisions are bad ones. Half-knowledge is as good as no knowledge. Learn all you can; that is the best advice.