Jan 14, 2019 07:45 UTC
Jan 14, 2019 at 12:25 UTC
Bitcoin Vs. Dogecoin: Which One is Worth Investing In?
Are you stuck wondering who is the winner in Bitcoin Vs. Dogecoin and which coin is really worth investing now? Then this is definitely the article for you.
The crypto market has not been giving the ordinary crypto investor great hopes for the future even two weeks into 2019 and many of you are possibly trying to choose a reliable crypto coin option that you can spend a bit of your money on and make good on your investment.
At the very outset, we must warn you that neither of these coins is faring too well as of now.
However, if you do want to set aside a small part of your crypto portfolio for a new investment in one of these two, we will tell you which one offers greater value for your money.
Dogecoin Price Prospects
In one of our previous articles, we have given you reasons why you should invest in Dogecoin and all those reasons definitely hold true in terms of the intrinsic value of the cryptocurrency that started a joke or a meme.
Having said that, you must also look at how the price of Dogecoin has been faring over the last few months. Well, at press time, the price of Dogecoin is just $0.002130, registering a 0.9% fall as per data from Coinmarketcap.com.
If you think this price is too low, you should know that Dogecoin was always meant for small, lightweight payments and hence was content to be extremely low priced. Accordingly its price has remained low.
In terms of the low price, the benefit is offers to investors is that they have to take a lower risk when they choose to buy some Dogecoin. Buying 10 Dogecoins will always cost you a mere, tiny fraction of what it would cost you to buy 10 Bitcoins.
In terms of absolute value, therefore, Dogecoin poses a lower risk than Bitcoin. However, it seems to be stagnating as of now, not having risen too high since January of last year.
This means there is a small chance of you managing to make good even on the minuscule amount you do shell out.
You May Also Read: Should You Invest In Dogecoin in 2019?
Bitcoin Price Prospects
If you read our article on the Bitcoin price history, you would know that since December 2017, it is been a downward slope for Bitcoin prices. They have kept falling, with occasional hope-inducing exceptions in 2018.
In 2019, many experts and crypto enthusiasts had hoped that Bitcoin would finally break forth in a bullish run, freeing it from the chilly grasps of the crypto winter that has already lasted too long.
However, come 2019, the price trend of Bitcoins has been a rehash of its 2018 tragedy. As of now, the crypto winter is not only very much present, but is giving Winterfell’s long winters a run for their money.
In fact, within the last 24 hour period, we saw how Bitcoin finished another week on a sad note, closing at around $3500, quite a distance away from the $4000 mark.
What Should You Invest In: Bitcoin or Dogecoin?
Now that you know about the price trends of the two, you can take a call based on your own crypto portfolio plans and goals.
Having said that, it would be a good idea to split your resources between Dogecoin and Bitcoin, so that you don’t sustain too much loss if the market tumbles downhill again, but also do not miss out on a Bitcoin bull run, if it does turn up anytime soon.
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