Head To Head: Bitcoin, Ethereum Profitability For Investors
11 Giugno 2022 - 1:00AM
NEWSBTC
The battle for higher profitability between Bitcoin and Ethereum
has been a long-running one. These two cryptocurrencies command the
most market share in the market, and by extension, have the most
supporters. Despite operating in the same space, the rivalry
between them has been unparalleled. It doesn’t just end at the
networks themselves but flows into the communities that support
both assets, as each one claims to be superior to the other.
Bitcoin Vs Ethereum The profitability of both of these digital
assets has been immense in the past few years. They have cemented
their reputations as millionaire-makers since its inception.
Nevertheless, it continues to be a competition for which is the
better option when it comes to investing. Related Reading
| U.S. Macro Pressure Responsible For Entire Bitcoin Downtrend
On a year-over-year basis, the newer and younger Ethereum has
proven to have the most returns for investors, usually beating
pioneer cryptocurrency Bitcoin by more than 2x on various
occasions. This has drawn more investors to it and the speculations
that Ethereum is the better choice. BTC falls to $29,000 | Source:
BTCUSD on TradingView.com This school of thought is also supported
by data that shows investor profitability across both digital
assets. Ethereum currently sees 54% of all holders being in profit,
surpassing that of Bitcoin holders. However, this is only by a
small margin given that 52% of BTC investors are in profit. This
also shines through in the loss territory where ETH and BTC
investors in loss are 42% and 43% respectively. This puts both
cryptocurrencies on an almost equal footing. Holding Through Bear
Market Both digital assets have a reputation for being good options
to hold through the bear market. But where Bitcoin shines through,
though, is its ability to hold up better during market downtrends.
During the last bear market, the price of bitcoin had declined a
little over 80% whereas Ethereum had seen a more than 90% decline.
Related Reading | Bitcoin Open Interest Falls As Price Dips
Below $31,000 This is the case through the present bear market
where bitcoin had proven to hold up better once more. Since the
all-time high in November, BTC is down about 56%. However, ETH’s
price has crumbled by more than 63% in the same time period. One
thing remains constant across these two digital assets, and that is
the fact that longer-term holders are more likely to make a profit
compared to those who only choose to hold for the short-term.
Wallets which have held their cryptocurrencies for more than one
year are more likely to be in the green compared to those that
aren’t. Featured image from The Guardian Nigeria, chart from
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