Why I don't like Ethereum! But love bitcoin, litecoin and dash!

in #bitcoin7 years ago

First off I'm not a day trader I research for long term investing so if you're a day trader Ethereum may be something you may like... but as far as long term it has issues I don't like such as,

  1. There are no restriction on how many tokens Can be put in circulation, This is important because it makes it more like a fiat kind of token and let's face it we invest in cryptos to get away from the fiat type currencies

  2. It seems to be corruptible in my opinion no limits on coins means inflationary which is a bad thing

  3. It's not well established it's only been around a couple of years and is not yet proven. Besides it's not really a currency it's a token.

The reasons I like bitcoin, litecoin and dash are really quite simple...

  1. All three are limited coins Bitcoin limited to 21 million, litecoin limited to 84,000,000 and dash limited to 18 million which is spectacular once you consider the fact that once mass adoption takes place they become more stable and worth potentially millions of dollars each to provide enough value to service the population of the world!

  2. Bitcoin is the standard in currencies meaning all other currencies are based on the value of bitcoin currently... litecoin is almost exactly the same as bitcoin but there are more of them and it's already dealt with the scaling issues bitcoin is experiencing... and of course bitcoin is the most established currency to own!! And dash is making very bold moves to compete with bitcoin!

  3. Bitcoin and litecoin are easy to buy and transfer to your wallet if you use coinbase, although, Ethereum is on coinbase as well but it's not a currency!!

I encourage everyone to do their own research and learn as much as you can about all of these cryptos before investing in them, because you work hard for your money and you need to know all you can about anything you put that money into.... remember there are many opinions on these subjects and remember I'm not a financial adviser nor do I claim to be but crypto currencies are definitely something I think everyone should know more about!! Thanks for reading my 'opinion' and although there are many things about these cryptos I didn't mention in this article I'm just pointing out the things I like and every investor has their own preferences! So jump in and research all of these if for nothing else the knowledge!!

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I got some litecoin on this dip :)

I have a feeling it's going to be on sale for a couple more weeks!! 😉

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