Ok so I ran across this article that broke down why Bitcoin is a better buy
Or investment then Dogecoin.
After reading the article I actually agreed that Bitcoin is the better investment but with that being said lets break down the 4 reasons why.
1. Bitcoin is Not Just A Payment System
Bitcoin is running a different race. Some see it as a digital store of value, like gold. Others see it more as a solid, secure, foundation from which other cryptocurrencies will run.
On the other hand Dogecoin is just a payment system that actually runs off of Bitcoin and it has so much competition out there its ridiculous.
From Government’s creating their own payment coins to Stable coins that are actually investments that will grow your money over time.
2. Bitcoin has a large team behind it
Bitcoin is solid and it definitely doesn’t seem to be going anywhere. They have full-time developers compared to Dogecoin which has 4 part time developers that say they are just upgrading the Dogecoin which hasn’t been done in four years.
Could you imagine having a lion share of Dogecoin and something happens to your account? You will be trying to track down 1 of 4 part time
Developers to help you. Scary right?
3. One Person Has A Lion Share Of Dogecoin
To be exact one person owns 28% of Dogecoin that is ridiculous. Close to 70% of the coins are held in just 100 wallets. Are you going to put your
Life’s savings on the line in a coin that is owned by just a few people?
Even though Bitcoin has its share of major coin holders Bitcoin is so big that their influence is very minimal due the size.
4. Bitcoin Is A Long Term Investment
Bitcoin still has potential for growth and this is the time to invest if you’re looking to do so.
Is Dogecoin a long term investment? Who knows but we do know it wasn’t created with a plan and as a joke. So I wouldn’t put all my eggs in that basket unless you’re willing to risk it all.
So there you have it Dodgecoin Vs Bitcoin. 4 Reasons Why Bitcoin is the better investment
