How To Invest In Ethereum (and Is It Too Late)
Home How To Invest In Ethereum (And Is It Too Late) How To Invest In Ethereum (And Is It Too Late) Ethereum has become a popular cryptocurrency alternative to Bitcoin over the last year. However, unlike Bitcoin and rival currency Litecoin, Ethereum has been adopted by many companies and startups as a way to transact (and more). In the cryptocurrency wars, I like to view Ethereum like the diamond of the currencies - it has both a intrinsic value and an industrial value. Compare this to Bitcoin, which operates like gold - not much industrial value, but people buy it and sell it based on it's intrinsic value to the holder. Given the popularity of Ethereum, many people are curious about what it actually is, how it's different than Bitcoin, and how to invest in it. It's also important to note the risks of investing, and the potential to mine it and create your own wealth of Ether (the actual monetary unit of Ethereum ). Before we dive in, it's important to note that to look at, use, and transact in Ethereum, you need a digital wallet. We recommend Coinbase because it's free, has a great app, and they give you a bonus for depositing $100 . Check it out. Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money... well it has a monetary aspect. You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transaction - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product of this is that Ethereum uses a token called Ether, which is like Bitcoi Continue reading >>
Bitcoin Versus Ethereum: Which Should Be Worth More? - Business Insider
A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Lex Sokolin, Autonomous Research's director of fintech strategy, talks with Business Insider Executive Editor Sara Silverstein about the differences between bitcoin and Ethereum. Following is a transcript of the video. Sara Silverstein: What is bitcoin versus Ethereum? Lex Sokolin: So bitcoin is and I'm probably going to upset all the bitcoin maximalists out there, who'll comment about the future but bitcoin is about, kind of, the on-ramp into the crypto world. It's payments, and it's the digital gold. So you can almost think of it as the crypto reserve currency. And it's spectacular at that at payments. Whereas Ethereum is, you know, it's the world's computing platform. It's a blockchain platform that has smart contracts that can be built on top of it. So anything from equities to fixed income to figuring out how your drone is going to charge on an electric station, and buy your pizza. All of that can be built on top of Ethereum. So it's a very different type of platform. Silverstein: And which should be worth more, bitcoin or Ethereum? Sokolin: That's a tough one. It's kind of asking what's worth more money or technology. So bitcoin is essentially digital money. It's the future of how payment should be made. Whereas Ethereum is a new infrastructure on which anything can be put. So things like decentralized Facebook, or the Internet of Things and sensors across all sorts of devices, to more pedestrian things, like initial coin offerings, you know. You can put anything on that platform. Continue reading >>
Inside Goldman Tech Conference: Key Takeaways On Bitcoin, Ethereum And Icos
Inside Goldman Tech Conference: Key Takeaways on Bitcoin, Ethereum and ICOs Though they have their uses, Bitcoin and Ethereum also feature some big technical disadvantages relative to the older solutions that they aim to disrupt, conference speakers pointed out. Blockchain-based cryptocurrencies and tech platforms have their uses, but it doesn't always make sense to rely on them instead of conventional solutions just because it's possible to. That was one of the recurring themes in a pair of crypto-related talks held at the Goldman Sachs ( GS ) Technology and Internet Conference in San Francisco this week. The first talk was a solo appearance featuring Brad Garlinghouse, CEO of payments-centric crypto startup Ripple (it relies on the Ripple/XRP cryptocurrency). The second was a panel discussion featuring execs from blockchain infrastructure provider Chain and a pair of online payment providers relying on blockchain to power their services, Circle and nanopay. While speakers praised Bitcoin's usefulness as a store of value and and its unmatched liquidity among cryptocurrencies, they were quick to argue its technical limitations - manifested in its very high transaction fees, as well as the long time it often takes for Bitcoin transactions to settle - made it relatively impractical as a payments solution. Whereas Bitcoin transactions presently carry a $3-plus average transaction fee (at one point in December, the figure was above $50) and a 37-minute average confirmation time, Garlinghouse asserts XRP transactions cost "a fraction of a cent" and take just 3 seconds to confirm. "Bitcoin is worse than Visa ( V ) in every dimension that Visa cares about," said Chain CEO Adam Ludwin, noting the crpytocurrency's deficiencies in areas such as speed, processing efficiency and t Continue reading >>
Should You Buy Bitcoin? Or Ethereum? Or Dash? Or Just ... Boring Old Stocks?
Should you buy bitcoin? Or Ethereum? Or Dash? Or just ... boring old stocks? A visual representation of the digital cryptocurrency, bitcoin alongside U.S. dollars on Dec. 07, 2017 in London, England.-Dan Kitwood/Getty Images So many cryptocurrencies. So much money to be made or lost. Youre a would-be investor, deciding whether to put your money in bitcoin . Or Dash .(It's digital cash. See what they did there?) Or Ripple .(Though I have a personal rule about never investing in a currency that could be mistaken for an ice cream.) Where do you put your money? Well, besides scanning Reddit threads, starting Wednesday, there will be official financial ratings in the mix. Weiss Ratings is going to assign letter grades think A through Fto cryptocurrencies. Interested parties can subscribe to the ratings for $39 a month to find out the grades. Though, because of the volatile nature of cryptocurrencies, those grades could change daily. Marketplace Tech host Molly Wood spoke with Martin Weiss, whos behind the ratings. Molly Wood: Youre creating a rating for cryptocurrencies. Why? Martin Weiss: As you've seen in the news, the market for cryptocurrencies is wild. It's one of the few places we've seen so much fear, greed and panic. So we felt that this is exactly when individual investors and consumers need some rational guidance that's based on fact and not fiction. Wood: Given the newness and complexity, and the wildness overall, how on earth could you possibly come up with what you think is a reliable rating? Weiss: Well, reliable ratings are based on four things in our model. The first is what we call the risk index, to give you a sense of how much price risk there is in each cryptocurrency, and there's a lot of variability there. Some are not as volatile as others. The second Continue reading >>
Ethereum Will Pass Bitcoin In 2018: My Cryptocurrency Investment Portfolio
product leader, e-commerce expert, writer, blockchain, 95percent.io contributor Ethereum will pass Bitcoin in 2018: my cryptocurrency investment portfolio In the last few days, many have asked about my investment strategy and portfolio mix after writing 95Percent s: Blockchain Technology . After much deliberation, in this post, Ive decided to share my holdings with you. Perhaps more importantly, Ive decided to also share my underlying philosophy. As a reminder, I know nothing. None of this should be construed as investment advice, and you should do your own research before making any investments. I would be financially okay if I lost all of my invested money: you should make sure you could survive a total loss before investing any funds. But enough of that, how should you approach investing in cryptocurrencies? First, I advocate creating your own investment tenets. Tenets are also a crucial aspect of the product management process. I recommend creating tenets before diving into any business, project or problem. Each tenet expresses the conflict arising from two (or more) competing philosophies Each tenet ultimately demonstrates preference for one philosophy over others Most people have their own philosophies and preferences, but they dont write them down. Writing them out is crucial because it crystalizes your thinking. Tenets are helpful when times are good and indispensable when things get tough. You should debate your tenets heavily with family, friends, and yourself. Below I share five of my cryptocurrency investment tenets: Jasons Cryptocurrency Tenets [January 2018] 1) I will prioritize platform investments (think Ethereum) over application investments (think Dash). Strong infrastructure scales and changes the world. Successful applications are hard to predict an Continue reading >>
What Is The Difference Between Bitcoin And Ethereum?
What Is The Difference Between Bitcoin and Ethereum? Opinions expressed by Forbes Contributors are their own. Last year, thanks to stratospheric rises in value, lots of people became aware of the existence of Bitcoin, as well as another often-cited up-and-coming cryptocurrency, Ethereum. By market cap they are the two most valuable cryptocurrencies as of writing (and please note that these numbers fluctuate quite a lot), the total value of all the Bitcoin in existence is $143 billion, while Ethereum sits at $88 billion. For perspective that means Bitcoin is currently held at around the same value as Unilever, whereas Ethereum has around the same market value as Starbucks or Walgreens Boots Alliance. I know that you cant really compare a digital currency to a company but it gives some perspective. Also, before we go any further I just want to reiterate that investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. While to many Bitcoin and Ethereum are both simply examples of cryptocurrencies digital money transfer systems which use blockchain technology and encryption there are subtle differences in how they work and what they can be used for. If you are looking to invest for speculative reasons, or even more so if you are considering using either platform for business its important to understand those differences, because they could be the deciding factor in which coin (if either) goes on to become a widely accepted standard, and which will disappear into obscurity and worthlessness. Continue reading >>
Ethereum Vs. Bitcoin, Is One Cryptocurrency Better Than The Other? | Digital Trends
Cryptocurrencies can be a little confusing. Are they digital money or more like gold? Are they a new way to pay for things online or a way to store value? Those arent easy questions to answer when youre talking about hundreds of different cryptocurrencies, some old, some new, and some very different from the rest. When you focus Ethereum vs. bitcoin, though, there are some stark, obvious differences. Their age is the most obvious, with bitcoin having entered this world as the very first global cryptocurrency in 2009 and Ethereum only showing up in 2015 as a potential alternative. Although it is less proven than its predecessor, Ethereum does have a few nifty features which give it a lot more potential than its older sibling in some key areas. For the purpose of this guide, well look at two shared aspects of the cryptocurrencies: Their ability to act as a store of value and as transactional mediums. Well also take a look at some of the unique features which make them stand apart. If you want a more general look at cryptocurrencies, or the steps for how to buy , sell or trade bitcoin and Ethereum, have a read of some of our other guides. The most successful cryptocurrency for storing value continues to be bitcoin. As the most valuable coin in the world by quite some margin and the progenitor of the entire cryptocurrency revolution bitcoin has proven itself. Its far more recognized than any of its peers, and that makes it easier to buy, store, and sell. Thats not to say that Ethereum and its coin, Ether, have been ineffective. For such a young currency, Ethereum has proved to be one of the most popular. At the time of writing its market value and 24-hour trading volume are second only to Bitcoin. The actual monetary value for a single ETHhowever, is less than five percent Continue reading >>
Bitcoin And Ethereum Have A Hidden Power Structure, And Its Just Been Revealed
Bitcoin and Ethereum have a hidden power structure, and its just been revealed Close examination reveals how power is being consolidated across their networks. In cryptocurrency circles, calling something centralized is an insult. The epithet stems from Bitcoin creator Satoshi Nakamotos revelation: a monetary system doesnt need a central authority, like a government, to work. Thats such a potent idea that its morphed into a battle among crypto-enthusiasts between goodthat is, decentralized currencies and evil ones, or anything with a whiff of centralization, that are assumed to threaten the utopian view of cryptocurrencies as the vehicle for a new financial world order. Do these arguments hold any water? Emin Gn Sirer , a cryptocurrency expert at Cornell University, says in many cases the jurys still outmainly because no ones bothered to take a hard look at how decentralized these networks actually are. This piece first appeared in our new twice-weekly newsletter, Chain Letter, which covers the world of blockchain and cryptocurrencies. Sign up here its free! We dont have any real metrics yet. he says. His group aims to help change that with newly published results from a two-year-long study focused on Bitcoin and Ethereum, the worlds most popular cryptocurrency networks. Can a booming crypto-currency really compete with conventional cash? Perhaps the most striking finding is that the process of verifying transactions and securing a blockchain ledger against attack, called mining, is not actually that decentralized in either system. Bitcoin and Ethereum are open blockchain systems, meaning that in principle anyone can be a miner (see What Bitcoin Is, and Why It Matters ). But organizations have formed to pool mining resources. The researchers found that the top four Bit Continue reading >>
Bitcoin Down, I Buy Bitcoin Or Ethereum
Is Now the Right Time to Invest in Bitcoin, Ethereum, or Should I Stay Away? Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. Quote from: nguyenthenguyen on January 31, 2018, 06:38:48 AM Is Now the Right Time to Invest in Bitcoin, Ethereum, or Should I Stay Away? Invest in bitcoin if you have a capital. But, if you are too short, then stay away. Just learn how to earn coins in this forum for your initial capital. This capital will give you many options. Bitcoin today is decreasing because of the Chinese Holiday. Quote from: nguyenthenguyen on January 31, 2018, 06:38:48 AM Is Now the Right Time to Invest in Bitcoin, Ethereum, or Should I Stay Away? I will say its time to buy both the coins because both the coins are dropping.This price fall is normal at the beginning of every year so you can invest on crypto currency without being scared if you want to make more profits.But there are chances for more price fall with bitcoin so you can wait littlebit time to buy bitcoins so you can get it for more cheaper. Quote from: nguyenthenguyen on January 31, 2018, 06:38:48 AM Is Now the Right Time to Invest in Bitcoin, Ethereum, or Should I Stay Away? Agreed, this is the time to buy with a reasonable allocation plan. 30% is appropriate, if the price continues to fall, buy another 30%. I will do it. Never buy when prices are down. It will endanger and make your loss, as far as I know if the price is down it is dangerous. Buy it when the price is normal with the price below the market. In order not to jeopardize your investment. Although the current price of bitcoin falls, but the price is not yet normal and it is very dangerous. But all the choices are on you, I'm just passing on some of my e Continue reading >>
What Is A Cryptocurrency? Should I Buy Bitcoin, Ripple Or Ethereum?
What is a cryptocurrency? Should I buy Bitcoin, Ripple or Ethereum? What is a cryptocurrency? Should I buy Bitcoin, Ripple or Ethereum? BITCOIN, Ripple, Ethereum and many other major cryptocurrencies plunged in value today, amid fears of an imminent trading ban in South Korea. But what is a cryptocurrency and is now a good time to buy? Bitcoin , the biggest and best-known cryptocurrency, is down more than 15 percent from this time yesterday, its market cap dropping from $239billion to $201billion today (January 16). A single bitcoin token is now trading at about 8,700 ($12,000) compared to its high of 10,484 ($14,445) yesterday, according to CoinMarketCap. This is nearly 40 percent lower than Decembers all time high of 14,520 ($20,000). Meanwhile, its next biggest rivals Ethereum and Ripple have also collapsed by about 15 and 24 percent respectively over the past 24 hours. Due to their extremely volatile nature, cryptos have dominated the headlines in recent months and divided the financial community. For those new to the digital currency market, here is a handy guide to cryptocurrency. Ripple price: Why is Ripple falling today? Should I buy Ripple? Put simply, a cryptocurrency is a decentralised virtual form of money that can be used to make purchases or be exchanged for other traditional and digital currencies. One of the most appealing aspects of a cryptocurrency is that it employs a security system known as cryptography. This makes it almost impossible to counterfeit, as well as allowing for completely anonymous transactions without the need for a bank. Bitcoin became the first decentralised cryptocurrency when it was launched by the mysterious Satoshi Nakamoto in 2009. What is a cryptocurrency? Cryptos are digital forms of money Compare crypto currencies (Ripple, Continue reading >>
Bitcoin, Ethereum Or Litecoin: Which Is Best For You?
Bitcoin, Ethereum or Litecoin: Which is best for you? A primer on the most visible cryptocurrencies. Before you jump into this overview of a few cryptocurrency alternatives, check out our first two articles in this series, Bitcoin, explained and Buying and selling bitcoin . Bitcoin has spawned hundreds of cryptocurrencies. Bitcoin was the first. Since its release in 2009, it's become the most famous, established and valuable cryptocurrency. But it's not the only game in town . Litecoin followed in 2011. Created by Charles Lee, an engineer who later helped build Coinbase , the leading cryptocurrency exchange, Litecoin is based on the same code as bitcoin but with a few tweaks designed to address two of its predecessor's limitations: transaction speed and access to the mining process. And in 2015, Ethereum made its debut, incorporating bitcoin's basic blockchain premise and Litecoin's pursuit of faster transaction speed, but adding a few of its own twists -- including the ability to process little chunks of code, called "smart contracts" -- and on its virtual peer-to-peer network as opposed to a dedicated server or mining rig. Ripple's market cap now exceeds $40 billion. Coinbase's support for bitcoin, Litecoin and Ethereum -- as well as Bitcoin Cash , a new branch of the bitcoin blockchain created in August 2017 -- helped install and keep them among the most visible and well-capitalized cryptocurrencies. Rounding out the top 10, in terms of market capitalization, is a dynamic shortlist that has included established coins and upstarts like Ripple , Cardano , Neo , Stellar , Eos and IOTA . For the purposes of introducing some of the prevailing concepts behind the growing population of cryptocurrencies, we'll take a closer look at the technologies behind Litecoin and Ether Continue reading >>
Bitcoin Vs. Ethereum
/ 9 Comments /in Digital Literacy /by Chris Castiglione Whats the difference between Bitcoin and Ethereum? First, its important to understand that there are two categories of digital coins:Cryptocurrencies (e.g. Bitcoin, Litecoin, Monero, ZCash, etc) andTokens(e.g. Ethereum, Filecoin, Storj, Blockstack, etc.) Bitcoin is a cryptocurrency. Bitcoin and other cryptocurrencies are competing against existing money (and gold) to replace them with a truly global currency. A global currency which allows individuals to own their own money (without having to rely on national banks). Lower fees for transferring money across geographic borders. Financial stability for people who live in countries with unstable currencies. (e.g. In 2016, the Venezuelas currency hit an inflation rate of 800%). In addition, two-thirds of the current global population has no access to banking, or limited access Bitcoin is changing that. Ethereum is a token.What Bitcoin does for money, Ethereum does for contracts. Ethereums innovation is that is allows you to write Smart Contracts: basically any digital agreement where you can say if this happens, then something else happens. For example: If I vote for the President, then my vote is official and no one else can vote as me. If I sign my name on this document, then I own the car, and you no longer own the car. Up until now weve carried out these agreements with a signature at the bottom of a paper document. Ethereum dramatically improves this model because it is digital, and proof of the transaction can never be deleted. Vitalik Buterin; Other co-founders include Gavin Wood and Joseph Lubin Deflationary (a finite # of bitcoin will be made) Inflationary (much like fiat currency, where more tokens can be made over time) 12.5 at the moment. Half at every 210 Continue reading >>
Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging
Look away now if you own bitcoin or other cryptocurrencies. This wont be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isnt in the red over the past 24 hours. Thats Tether. Its a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. Finally, a little green ink at number 25 Like all things crypto price related, it isnt clear what is driving the changes. A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges. The country banned Chinese exchanges and ICOs last year. Last week, it emerged that the central government is working to drive out Chinas bitcoin miners, who are thought to account for the majority on the planet. Many of the bigger names are already expanding overseas in preparation but the news jolted the market. Theres also been plenty of speculation around Koreas plans to regulate crypto, although the government has since clarified it doesnt plan an all-out ban on bitcoin and crypto trading. Crypto being crypto, there are some alternative theories, too. Weve been here before, of course the headline to this story may seem familiar. The crypto market suffered Continue reading >>
Cryptocurrency Sell-off: Bitcoin And Ethereum Performing Better
Most major digital currencies sold off sharply on Tuesday, but the declines in bitcoin, ethereum and litecoin prices weren't as bad as much of the rest of the market. All of the top 20 digital currencies by market value suffered double digit losses over the last 24 hours, according to data from industry website CoinMarketCap. For example, ripple was down 26 percent, bitcoin cash was down 19 percent, iota was down over 23 percent and monero was almost 20 percent as of 11:55 a.m. London time. In fact, at their low point on the day, many cryptocurrencies with large market caps saw their prices essentially halved. B itcoin was down 16.5 percent at that time, ethereum was down 20 percent and litecoin was down 19.3 percent, according to the same site. The declines followed speculation in the market about what regulators in Asia may be planning for digital tokens. On Monday, a report from Bloomberg , citing unnamed sources, said Beijing plans to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading. Last week, South Korean Justice Minister Park Sang-ki said his ministry was preparing a bill that, if passed, could ban trading via cryptocurrency exchanges. His comments roiled the market and subsequently the justice ministry and other sections of South Korea's government have softened their stance. On Tuesday, Reuters further reported that a senior Chinese central banker said authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services. "The entire market cap of cryptocurrencies saw a sell-off post the comments on crypto from the vice governor of the PBOC," Fernando Martinez, VP trader at Hong Kong-based commodities and digital assets trading house Octagon Stra Continue reading >>
Bitcoin Vs Ethereum: Driven By Different Purposes
Bitcoin Vs Ethereum: Driven by Different Purposes Ethereum has received a lot of attention since its announcement at the North AmericanBitcoinConference in early 2014 byVitalikButerin. The natural consequence of its rising popularity has been its constant comparison toBitcoin, the first virtual currency. It is important for investors to understandthe similarities and differences between BitcoinandEthereum. Bitcoin, the first virtual currency, was born seven years back. It introduced a novel idea set out in a white paper by the mysterious SatoshiNakamoto:Bitcoinoffers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies . There are no physicalBitcoins , only balances associated with public and private keys. Over these years, the acceptance of the concept of a virtual currency has increased among regulators and government bodies.Althoughit isnt a formally recognized medium of payment or store of value, it has managed a niche for itself and continues to coexist in the financial system despite being regularly scrutinized and debated. The attempts to understandBitcoinmoreclosely resulted in the discovery of blockchain , the technology that powers it. Theblockchainis not just the hottest topic in theFinTechworld but also asought after technology in many industries. Ablockchainis a public ledger of all transactions in a given system that have ever been executed. It is constantly growing as completed blocks are added to it. The blocks are added to theblockchainin linear, chronological order through cryptography, ensuring they remain beyond the power of manipulators. Theblockchainthus stands as a tamper-proof record of all transactions on the network, accessible to all Continue reading >>