Investments

Bitcoin or Cardano cryptocurrency: which is more worth it?

Investing in cryptocurrencies can represent capital gains. But it is a risky market. So, look at the comparison below and decide which is more worth it: Bitcoin or Cardano?

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Discover the best cryptocurrency for you to invest in!

criptomoeda Bitcoin suspensa em haste com computador ao fundo
Which is your choice: Bitcoin or Cardano. Source: Unsplash.

Despite more than 10 years after the launch of the first cryptocurrency in the world, everything still seems very new, mainly because there are always new digital currencies being launched on the market. So, look at bitcoin or cardano cryptos, and see which is the best investment option for you.

In other words, for those who want to invest in cryptoactives, being aware of news and trends is essential to minimize risks and maximize gains.

On the one hand, we have Bitcoin, the world's first digital currency, which arrived to revolutionize and facilitate transactions that take place in the virtual world.

On the other hand, we have Cardano, a platform launched in 2017 that runs the blockchain network for the high-flying digital currency ADA.

In general, both cryptocurrencies in question are excellent investment options, both for beginners and professionals.

But now see the comparative analysis between these cryptocurrencies in more detail, so that you can decide which one is more worth including in your portfolio, whether it is bitcoin or cardano.

criptomoeda Cardano logotipo fundo azul

How to buy Cardano cryptocurrency?

Learn step by step how to buy Cardano cryptocurrency, considered one of the main cryptocurrencies in the world! The procedure is simple, check it out!

criptomoeda Bitcoin

How to buy Bitcoin cryptocurrency?

Before investing in a digital currency model, many investors wonder how to carry out this procedure. Discover the step-by-step guide to buying Bitcoin.

Cardano Cryptocurrency 

criptomoeda Cardano logotipo fundo azul
See more about the Cardano cryptocurrency. Source: Twitter Cardano org.

Cardano has been growing at galloping speed. But, before I tell you more about this, I need to tell you what the system in question is about. So that you can understand and decide which is the best crypto for your portfolio, bitcoin or cardano.

Cardano is actually the platform that runs the blockchain through which the ADA currency navigates. 

Popularly, we call the cryptocurrency Cardano. But in reality, the currency is ADA for the Cardano system or network.

The platform itself was developed and launched by the co-founder of Ethereum in 2017. And its objective is very clear: to run so-called decentralized applications and smart contracts.

Furthermore, the system seeks to achieve a low environmental impact, an important issue under discussion especially when we talk about cryptoactive mining.

Having all these functions makes the currency valued and stable. The project is even considered the third generation of cryptocurrencies, just behind Bitcoin and Ethereum.

Ultimately, the objective is to further increase the speed of transactions around the world, become a form of payment and, thus, facilitate access to finances where it is still difficult to do so.

Benefits

  • Appreciating digital currency;
  • It has a clear objective, which makes it stable and promising;
  • It has a low environmental impact system;
  • Allows secure and very fast transactions;
  • Runs decentralized applications and smart contracts.

Disadvantages

  • Blockchain is relatively new and is still undergoing improvements.

Bitcoin Cryptocurrency

Bitcoin logotipo
Find out more about this crypto. Source: Bitcoin org.

Bitcoin emerged in 2008, being the first digital currency to be launched in the world. Its creator, however, never had his identity revealed.

The idea would be to decentralize and, therefore, speed up and reduce the costs of financial transactions. 

Furthermore, it emerged as a response to the financial crisis at the time.

Before cryptocurrencies, the financial system, as we know and are familiar with it, worked and still works with the regulation of institutions and governments.

The objective of the technology behind cryptoactives is to facilitate transactions on the internet, cutting out intermediaries.

And so, Bitcoin was launched. Currently, it is the most popular cryptocurrency in the world, which puts it in a favorable position compared to others that came later.

In addition to having no points of failure, which makes it extremely safe, it is even accepted as a form of payment in several goods and services establishments around the world.

The Bitcoin currency has already reached its historic high worth more than $66 thousand. And more than 18 million bitcoins have already been mined, out of the 21 million in total available.

But, according to researchers and experts on the subject, there is still plenty of time for more discoveries.

Benefits

  • Easy-to-access cryptocurrency;
  • It is already accepted as a form of payment for goods and services;
  • Extremely popular and highly liquid asset;
  • Safe and likely to continue appreciating in value.

Disadvantages

  • The lack of regulation can be unfavorable for conservative investors;
  • Despite being a stable and popular cryptocurrency, it is still volatile.

Bitcoin or Cardano cryptocurrency: which one to choose after all?

The first point to keep in mind when looking to invest in cryptocurrencies is the fact that the digital market is permeated by volatility.

In other words, more conservative investor profiles need to enter this virtual universe with more caution.

Even those who are comfortable with taking risks, it is recommended that they seek to establish and define their profiles, their goals, available budget and the needs they want to cover when investing in cryptoassets.

The fact is that digital currencies are among us and it shouldn't take long for them to be completely accepted and better regulated in the jurisdictions.

So, if you choose to invest, always keep in mind that good research is essential to minimize risks and focus on profits in the long term.

For beginners, Bitcoin represents security. Due to its popularity and stability, investing in Bitcoin is recommended.

And that goes for experts, too.

Furthermore, as it is already accepted in many places, you can still have this currency as an alternative means of payment for goods and services.

However, if you want to risk a little more, Cardano is an excellent option, as its clear objective can become a guarantee of a promising future.

In fact, its rapid rise and the search for improvements in the network already make it a valuable currency in the short, medium and long term.

Finally, if you are looking for another option to diversify your investment options a little, see how to buy the Solana cryptocurrency! Just access the content below.

Celular, criptomoedas e mãos mexendo em tablet com corretora de criptomoedas na tela

How to buy Solana cryptocurrency?

Cryptocurrencies have revolutionized the way we see and make financial transactions. Now, it's SOL's turn. So, learn how to buy Solana cryptocurrency, with high market value!

About the author  /  Aline Augusto

My name is Aline Mesquita, I'm a writer here on the blog, where I write about finance in general, as well as other topics. I have been working with content creation for 10 years, with a postgraduate degree in Project Management, with expertise in SEO practices, in addition to studying finance, market trends and cryptocurrencies.

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