BTC or ETH

I see cryptocurrency becoming more relevant. especially if another bitcoin hack or other disaster happens. eth currently at 13$/eth. the same price that btc was at just a couple years ago.

what yall think. you see a longterm investment in ETH being profitable? Price could only go up from 13$/ETH right

 

Hard to say tbh & was btc really at 13$/btc a couple years ago? That's insane. Imagine people who bought thousands when it was that cheap.... millionaires now easily

 

BTC was certainly not at $13 two years ago. Even after the China it went down to around $100 but it never went to $13.

The price could go down from $13 as it has done already this year. But longterm, we are likely to see Eth at BTC price levels. It might even overtake bitcoin but that is pure speculation. BTC is losing market share to other alt coins.

Over the next few years BTCs market share might drop to 50-70%. Better coins than bitcoin are being made but bitcoin has been adopted by the 'masses' and even then most people don't even know about it.

 

You really think Eth can get to BTC levels in the far future? Btc seems to be at its high already, not sure if its a good idea to be investing into that for long term, maybe some profits as it jumps from week to week

 

I don't see why Eth would not reach BTC levels. All it would take is for a few decent applications to be built on the Ethereum network for the value to sky rocket. Secondly, as the stock market and bonds yield less, people will look for alternative places to put their money. The digital currency market is one place where that money will go.

Thirdly, if offshore accounts become more difficult for the rich to access, as the outcome may well be from the Panama papers and any future leaks. Where will their money go? Probably, cryptos.

I don't think BTC is anywhere near its potential high. $10,000 per bitcoin is certainly not an unachievable price for Bitcoin.

I've been a crypto day trader and weekly trader. Both took up more of my time than it was worth. But by buying alt coins when they were cheap and cashing them out for BTC later. I have been able to double my 10 different investments. All profits either stay as Bitcoin or go into Ethereum.

Even in Bitcoin over the past 3-4 months I would have only traded BTC twice if I was purely a BTC trader. I would have sold most of my Bitcoin at the $700 mark and bought up as possible after the Bitcoin exchange hack and I would still be holding most of them now.
The bitcoin price has been relatively stable for the past couple of months at $600 and I certainly would not trade my Bitcoins for $10 fluctuations. After transation fees you would be left with much.