Why I bet on Bitcoin and Ethereum more than the Others?

Why I bet on Bitcoin and Ethereum more than the Others?

By Novasky | DevPress | 8 Jun 2022


Now this one is super personal opinion. Your mileage may vary. So let's talk about the coins which are more performing as a pillar of this industry. It's been more than 5 years where I have been seeing the coins working up and down and showing a lot of promise. I feel we are now at that stage of the industry where whales may manipulate some of the coins but these pillars continue to have some investment on regular basis.

So here's why I feel they are so far doing better in my portfolio.

Newbies First talk about Bitcoin, Exposed Investors Think of Ethereum

Let's say you are a newbie to crypto. First thing that you may have heard of is the bitcoin. And those who are already exposed to the bitcoin and other altcoins, I am sure you may look at the Ethereum for potential innovation and the tokenomics. So pretty much these two are the coins which are moving the industry with their own ways.

You may notice that the more you get exposed you will also diversify with other coins. Like say Solana, Bitcoin Cash, Binance USD, Binanace BNB and others. By no means I am trying to discredit those who choose other coins. My impression and choice of choosing the coins is based on how the crypto is being viewed by outside people and how they get their feet wet in the waters with choice of Ethereum and Bitcoin being their default.

Bitcoin is What Gold is in the Stock Market

Again this may sound controversial but gold has been used in the stock market to peg other assets and properties. And for years this was the case till the other indicators were used to move the market assets. So now the gold has reached the safety net stage despite not being much in the demand.Now bitcoin is being the role in the crypto industry.

Now the reality is that bitcoin is what started this industry if you ask me. Because the whole game of turning the virtual coin into an industry, the word for crypto started with "bitcoin". So this has a different value in the industry itself. By no means I am bitcoin maximalist. I can quit on bitcoin and move to solana or any other chain any time. It's just the market exposure, popularity is what I am referring to when it comes to name of the bitcoin.

Ethereum has Stake Options, Bitcoin has Holding Benefit

Most of those people who are holding bitcoin are not much in red for years. The value of bitcoin may drop from 54k to 20k now but the thing is that bitcoin continues to remain a good market investment. And as you move the funds between the blockchain you realize the value of holding the bitcoin is in not just the user wallet but also in the movement of the coin too.

You can stake the ethereum and variety of it's token. You earn rewards for staking and also have it locked in other places for some reward too. So all in all, this would help generate the staked rewards over a period of time. I have my share of the experience where I have enjoyed the staked rewards and I feel it can be a good passive earner.

Now reason I am focusing on the Ethereum and Bitcoin is that they may show the price fluctuation but they continue to have market pillar value. Unlike many other coins who lose out on their top 10 position and you may not see the value of those coins if you are invested with other coins with strong investment numbers.

Your opinion and mileage of investment may vary. But I continue to see the bitcoin and ethereum doing good despite market data says on many places in comparison with other chains. What is your opinion between the two of these coins being the market pillar?

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Novasky
Novasky

Crypto Blogger and Open Source Developer.


DevPress
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