The blockchain has been innovating current economical trends at the speed of light. What we know about the cryptocurrency markets is that those are extremely volatile but showing solid gain over the course of the years. Never the less it is never such a good idea to keep all of your eggs in one basket and luckily Ethereum blockchain is one of the best additions to where to shift some of your portfolio. We are dedicating our following article to explain why you should consider diversifying some of your bitcoin into ether.
Market Trends
The way we see Ethereum blockchain is like the new generation of crypto and a good remark, when anyone asks the question about should they diversify some bitcoin into ether, that comes into mind is "I have a VCR, should I buy a DVD-player?" Bitcoin being the original monetary operation of the blockchain is about all that it can be, main value drives from the scarcity and difficulty in mining it. Difficulty comes from requiring lots of hash power which requires a lot of energy to be produced and thus making it a costly operation. But the use of bitcoin is limited to more or less only transferring value across the web, while you could code it into performing same actions as Ethereum blockchain then that wouldn't be feasible because of the initially listed requirements. Ether being the value token of its own network has a great potential in raising in value with each new application developed on the Ethereum blockchain.
Bitcoin Scaling Debate Might Result In A Split
We don't need to remind you all how recent bitcoin price drops have happened heavily due to the community talks and not coming to agreement how they should scale and perform upcoming code update. There are currently two different views on what would be the most effective ways to perform this and first followers are standing behind the original approach of Bitcoin Core while others believe in the resolution of Bitcoin Unlimited. If they should not come to a consensus and fork into two separate chains then the result would mean two things. First you would have two set of bitcoin to spend, now as it might sound like double the value then in reality the second problem is that this would cause a value/price drop and same time make bitcoin less of an credible asset than it has been up until this point. This type of split would raise a lot of future concerns out of which the main one would be what if a problem arises in the future again, are they going to split it again? This is where ether hops in as a viable alternative to ensure that monetary value of your portfolio will stay in the same range if not increase by some margin instead. We are not saying that this is guaranteed since market is volatile the same way and might drop to an extent but it has bigger potential at a gain rather than a decrease, mainly from the wider application of Ethereum blockchain in our every day lives.
Ether More Rapid Value Raise Than Bitcoin
Ether has managed to do something that no other crypto besides bitcoin had managed to do and that was to break $4 billion dollars market cap. It has also gained its value increase much quicker than bitcoin did it in its time and thus should be considered as one of the main reasons for why diversifying bitcoin into Ether is a good decision. With ether being in its relative baby shoes yet it has bigger potential at reaching the heights where bitcoin is at right now thus yielding you bigger profits on your investment than you may be looking for with bitcoin right now. We hope that this clear to sum up the main view into why you should consider diversifying bitcoin into ether. But to summarize it all in one sentence then possible split in bitcoin network, profits and belief in to the Ethereum technology.