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Why is Bitcoin a great opportunity? There are many reasons why you should buy BTC. It is worth remembering that the supply of Bitcoin is limited. There are fewer and fewer BTC coins because the flow of creations is still decreasing. Currently, there are about 18 million Bitcoins, and because of the shortage the price is still rising at a surprising rate.
Bitcoin is also the main cryptocurrency in the world. If you take a look to the market, you may notice that the price of different cryptocurrencies – called altcoins – is created by BTC. Bitcoin’s dominance is about 70% – and that’s a lot. That is why it is worth buying in this most popular, digital currency.
According to many analyses, the price of Bitcoin will reach the level of $100,000, $500,000 or even $1,000,000,000. Moreover, Bitcoin is a good alternative to gold. The costs, as well as the difficulty of extracting both assets, are variable. However, Bitcoin has a significant advantage over gold in several aspects, especially when it comes to the payment method. BTC is simply more convenient and faster.
Ethereum is one of the biggest players in the cryptocurrency market. It’s a blockchain platform that allows to build decentralized applications and run “smart contracts”. Ethereum generates the second most valuable cryptocurrency in the world, Ether (ETH). Ether is mostly mined using the GPU (Graphics Processing Unit) and specialized ASIC machines.
One of the sentence that describes better Ethereum is: the world may be interconnected thanks to the internet, but Ethereum is showing new and improved levels of interconnection for businesses and private individuals around the world.
Take, as an example, assets: homes, artwork, luxury cars, etc. Ethereum’s smart contracts can secure ownership of these items. People around the world won’t need to run through the bureaucracy of foreign countries system in order to buy/sell/own a home or artwork in another nation. They can use a smart contract built on Ethereum. And they can pay with Ethereum too.
Monero is called a privacy coin. It is a completely secure cryptocurrency and its owners are also anonymous. In a Monero transaction, the identity of the sender and receiver remain 100% private. Moreover, Monero transactions cannot be linked to each other and cannot be traced to their starting point.
Just like gold and dollar bills, Monero is also fungible. One would think that all cryptocurrencies should be fungible but that’s not the case. Bitcoin and all other cryptocurrencies which are built on Bitcoin are not fungible. Why?
It is because every Bitcoin transaction can be traced back to see where all it has been used. If someone finds out that it has been used in illegal transactions, then he/she can refuse to accept it. So, the tainted Bitcoins are not exchangeable with the good ones.
However, tracing the history of a Monero coin is not possible. So, all Monero coins are equal — hence, fungible.
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