Bitcoin vs Ethereum 2017
For a lot of people today, cryptocurrencies are becoming more and more relevant. In fact, there are even some countries taking a 180 degree turn when it comes to their opinion of blockchain concepts. Russia, for instance, once opposed this concept. But more recently, you can hear a lot of experts from the country taking a closer look. Japan, on the other hand, is already accepting Bitcoin as a mode of payment. In some parts of the world, there are also some ATMs that primarily focus on BTC.
Bitcoin vs Ethereum Difference
But as an investor that wants to get the most out of his investment, a lot of people are looking at altcoins. One of which is to invest in ethereum. If you will look at Bitcoin vs. Ethereum argument, what exactly are things that you should know?
Though the statistics have shown that over the last year, BTC’s value skyrocketed to break the thousand dollar mark, it is still imperative that you diversify your portfolio. In fact, though BTC peaked at $3,000, you also have to consider the potential of other altcoins. And one of the best options that you can go for is Ethereum.
Ethereum shows extreme volatility in terms of its value. For a lot of investors, this is a good sign since they can take advantage of its volatility in order to buy low and sell at a high.
Bitcoin is easy to acquire. This is one of the reasons why the value of Bitcoin keeps on getting up. There are a lot of companies today that are also accepting BTC payments which are a good way to even legitimize the cryptocurrency. On the other hand, Ethereum is relatively new, unlike Bitcoin that has been developed after the financial crisis in 2008.
However, there are still a lot of unknowns in the picture. For instance, will Bitcoin still be a good option after the 21th million Bitcoin has been mined? Given its limited number, it is a good idea that you also invest on other cryptocurrencies such as Ethereum and even Litecoin.
Ethereum is a great investment for a number of reasons. Despite the volatility, it is something that you should take a closer look at. For instance, its inventor, Vitalik Buterin, has been seen in the world of cryptocurrency as an authority. Just like Bill Gates and Elon Musk, he is the face of his product. And given the fact that there is a person that you see put their skin in the game, it simply sends a good signal.