Investing Today in Bitcoin and Ethereum Will Not Make You Rich

Cryptocurrencies have made people rich because of that most of us even jumped to it to make ourselves rich.

But now they are in their all-time high value. From now, if you want to earn money, you have to find an altcoin that will explode in the future or try to trade every day.

For that Elon Musk will help you since he played with Dogecoin, Shiba Inu to increase their value. Even I have bought Shiba Inu and 5X my money, it might be my luck.

Let me explain in detail.

BTC and ETH Are Everything

The craze of Bitcoin made popular the concept of Cryptocurrencies and Blockchain. Later Ethereum copied the same concept with additional features like Smart Contracts.

And after that, the whole system got evolved. Cardano, Dogecoin, Chainlink, and tons more.

But BTC and ETH remained in the limelight.

We can think of Bitcoin as gold while Ethereum as silver. And the trust is only because of Bitcoin and Ethereum.

BTC and ETH have become the safest option

Bitcoin was launched in the year 2009 and Ethereum followed in the year 2015. After that, it went to new different heights. People invested and made themselves rich.

But now BTC is close to $60,000 and Ethereum is close to $4,250.

I know most people can’t even buy a single BTC, even me. And if you decided to buy a BTC of $1,000 to $5,000, it will not make enough money.

Similarly, if you tried to invest in Ethereum, you can, since it is close to $4,250 but it will not jump to $60,000 for sure :)

You can think of BTC and ETH as the best investment option that’s it.

BTC and ETH have gained so much trust in recent years that they became the safest option(yes, Government hasn’t approved it so far) for investing rather than earning.

BTC and ETH have no potential to give a 1000% return from now

I have read an article where the author explained this topic in a more precise way.

In short, the popularity of a coin or cryptocurrency is defined by its market cap. According to Investopedia, Market capitalization refers to the total dollar market value of a company’s outstanding shares of stock. Commonly referred to as “market cap,” it is calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share.

And in the terms of BTC and ETH, they are right now at the all-time high so they will never explode in the upcoming years for sure.

Let us see the chart to explain it clearly.

As we can see from the above chart, BTC increased by 234.5% from the last year and now its value is close to $60,000.

Can you able to invest that much of the amount?

Similarly, let us analyze the ETH chart.

As we can see from the above chart, ETH increased by 477.79% from the last year.

But do you think it will give another 100% hike to the price in the upcoming year?

Then what to do?

First of all, it depends on your risk factor.

My simple rule is

Invest in BTC and ETH and earn through other Altcoins

Let me explain to you in brief.

When you want to invest try to invest in BTC and ETH and when you want to earn more, take a little bit of risk, use your brain and invest in Altcoins.

Let me give you an example of where to invest.

So we all have heard about Shiba INU but most of us haven’t invested in it.

You will be definitely shocked that it is increased by 75,740,125.75% in just a single year.

Well no doubt, if any one of us has ever invested just $100 in the previous year, we have been a millionaire this year.

Investing $100 is not a big deal for us.

Let’s Wrap Up

Right now most people are investing their hard-earned money into BTC and ETH but it is of no use if you want to earn money quickly.

My point here is please don’t invest your whole saving into BTC or ETH since they have exploded already.

So if you want to earn money then invest in yourself and if you want to invest then you are free to do so.

That’s it — thanks.

It is originally published at Medium.