I Would Short Ether Before Bitcoin, Says Citron's Andrew Left
I Would Short Ether Before Bitcoin, Says Citron's Andrew Left Andrew Left, the activist short-seller behind Citron Research, told CoinDesk on Tuesday that he thinks both bitcoin and ether, the cryptocurrency of the ethereum network, are "bubbles." If he had to choose one, though, he'd bet on ether's price to fall. Left is known for writing explosive reports into companies like the Canadian pharmaceutical firm Valeant, arguing that investors should short them. His comments came a day after he fired a Twitter broadside at Square, a payments company that has been adding support for bitcoin buying and selling. He declared that the company's share price is likely to drop to $30, from just under $49 prior to the tweet. "WallSt drunk on Bitcoin nonsense, SQ-Cash to BTC trading has been insignificant," Left wrote . Square is scheduled to report its latest earnings data on Wednesday, and if "they've earned nothing from crypto, don't be surprised," Left told CoinDesk. Left has taken aim at other investments related to cryptocurrency in the past, but he told CoinDesk that each had an "individualreason." Addressing bitcoin's merits in and of itself, he acknowledged the appeal of a decentralized asset or a kind of digital gold, commenting: "I dig it." He's not so sure that bitcoin will win out, he said, but as mentioned before, he would gladly short the second-largest cryptocurrency by value. Left dismissed a bullish argument for ether - that its price will grow because entrepreneurs can issue tokens and build decentralized applications on top of the ethereum blockchain - using the analogy that Oracle doesn't own part of the businesses that run on its own servers. In his view, ether bulls use a "circular argument" - that is, "it'll go up because it'll go up." "I think both are bubb Continue reading >>
Bitcoin Vs Ether Vs Litecoin Vs Ripple: Differences Between Cryptocurrencies
By now, you've no doubt heard about the massive bitcoin rally this year . And you may also have read about other cryptocurrencies, such as litecoin and Ethereum , surging too. But there are over 1,300 cryptocurrencies in existence. And while bitcoin dominates the market, several other digital currencies are making waves. CNBC has created a brief guide on how the top five cryptocurrencies by market capitalization, or value in the world, have performed so far this year, and what the differences are between each of them. All market cap and year-to-date rise figures are accurate as of December 14. But because of the frenzy around bitcoin, transaction times have spiked, which could go against the original aims of the cryptocurrency. While Nakamoto referred to bitcoin as electronic cash, many experts have called it "digital gold" and said it could be a long-term store of value. At the moment, some retailers in Japan have begun accepting bitcoin as payment and there are even instances of real estate firms accepting it too . But there is little evidence of widespread use of bitcoin for payments. Ethereum is the name of a blockchain company that has created the digital token ether. But Ethereum and ether are now used interchangeably to refer to the cryptocurrency. Ether is backed by a blockchain, much like bitcoin, but the technology is slightly different and aimed at a specific use case: smart contracts. Take a trade finance deal, for example. This relies on each party in the deal having a paper or digital copy of the contract and needing to update it individually. It's arduous and prone to error. But a smart contract is one that is written in code into a blockchain. Once the terms of the contract are met by each party, a deal will be executed. Many major organizations are exp Continue reading >>
Eth Btc Ethereum To Bitcoin Price Chart Tradingview
Whats up traders, Here we have ETH/BTC on the 1H chart.Price recently had a down impulse leg, followed by a corrective leg. The corrective leg recently stalled at 0.5 Fibonacci retracement resistance, and price has since made lower lows.Price was correcting in a support channel structure, however the structure has recently broken and price began showing ... Continue reading >>
Is It Better To Invest In Ether Or Bitcoin?
Is it better to invest in Ether or Bitcoin? If you take a glance at Bitcoin and ETH market capitalization , you will see that both are in the top of cryptocurrencies at the moment. Therefore, you can diversify your investments by purchasing both BTC and ETH. Moreover, as ETH price is not as high as Bitcoin, but has a potential of growth, you can join the investment pioneers and get a higher ROI later on. Awesome question since Digital Currency Is The Future. FYI, Demand for bitcoins has been skyrocketing even in Asia. I think it is safe to say that it is the ruler of all coins. So I think it is better to invest in Bitcoin through Bitconnect . DISCLAIMER: Im not a coin expert i just happen to trade in cryptocurrencies for quite some time now. It is always safer to seek professional advice. Look for the Facebook page of the DigitalCurrencyGuy. You should never invest more than you are comfortable to lose. He is a generous mentor and he is easy to understand! You can also try his website. All the best! 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 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 >>
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 >>
How To Exchange Cryptocurrencies Within Your Blockchain Wallet
How to exchange cryptocurrencies within your Blockchain wallet Exchanging digital currencies is now available for our users across the world. If youre located in a supported region, you will see an Exchange tab in the left navigation of your wallet. Want some help getting started with exchanging bitcoin, ether, and Bitcoin Cash? Follow the steps below. Navigate to the Exchange tab in your left navigation. Use the Exchange dropdown menu to choose the currency and corresponding wallet you want to exchange from. You may exchange between Bitcoin (BTC), Ether (ETH), and Bitcoin Cash (BCH). Use the Receive dropdown menu to choose the currency you want to receive and the wallet where you want to receive the funds once your exchange is completed. Under Enter Amount,enter how much you want to exchange. If you want to exchange the minimum or maximum amounts available for a specific currency and wallet, you can click Use Minimum or Use Maximum. A quote will automatically be calculated to show how much you will receive based on the current exchange rate. Please note: this will change depending on the market price at the time of your transaction. On the Confirm Exchange Order screen, review the details of your order to ensure they are correct and check the box at the bottom to agree to ShapeShifts terms and conditions. Once youre ready to place your order, click Confirm. The time it takes for your exchange to complete will vary based on network conditions; you can keep track of your exchange progress in your Order History tab. If you experience any issues with an exchange and need to contact us, please be sure to include your Order ID number in your support request. Your Order ID begins with "SFT-" and can be found by clicking on "Order History" > "View Details." Continue reading >>
What Is Ether? - Coindesk
CoinDesk Launches 2017 Year in Review Opinion and Analysis Series As we explored in " What is Ethereum? ", ethereumaims to function both as a kind of decentralized internet and a decentralized app store, supporting a new type of application (a "dapp") in the process. But while no one owns ethereum, the system that supports this functionality isn't free. Rather, the network needs 'ether', a unique piece of code that can beused to pay for the computational resources needed to run an application or program. Like bitcoin, ether is a digital bearer asset (similar to a security, like a bond, issued in physical form). Just like cash, it doesn't require a third party to process or approve a transaction. But instead of operating as a digital currency or payment, ether seeks to provide "fuel" for the decentralized apps on the network. While this might sound complicated, you can think of a more concrete example of how tokens might power a user experience. Let's go back to the example of a decentralized online notebook. To post, delete or modify a note, you need to pay a transaction fee in ether to get the network to process the change. In this way, 'ether' has sometimes been called 'digital oil', and taking this analogy further, ethereum transaction fees are calculated based on how much 'gas' the action requires. Each action costs an amount of gas that's based on the computational power required and how long it takes to run. A transaction costs 500 gas, for example, which is paid in ether. As an economic system, the rules for ether'seconomy are a bit open-ended. While bitcoin has a hard cap of 21 million bitcoins, ether does not have a similar limit. Of the ether that does exist, 60m was purchased by users in a 2014 crowdfunding campaign. Another 12m ether went to the Ethereum Fo Continue reading >>
Ethereum Price Chart Bitcoin (eth/btc)
Read the Disclaimer : Trading is a highly risky activity. Do consult your financial advisor before making any decisions. CoinGecko will not be responsible for any trading decisions. Each week we will be adding a few new coins to this ranking. If you want to see your coin on this ranking earlier, drop us some comments and feedback at [email protected] Like what we are doing? Donations are welcome! Continue reading >>
Forget Bitcoin, Buy Ether
Value, contrarian, portfolio strategy, cryptocurrencies Bitcoin is making headlines again, since it just smashed through its $5000 barrier onto $6000. Ill tell you why Bitcoin jumped, and why it's temporary. You should be looking at Ether instead of Bitcoin right now. I walk you through what the Ethereum network is, and why its a better idea than Bitcoin in the long term. Bitcoin (BTC) just smashed through $5000 , is approaching $6000, and is making headlines again. Also, this time Jamie Dimon is refusing to talk about it . You should ignore this price jump, and buy Ether (ETH) instead. In a previous series of articles I explained how to value Bitcoin (Part I), and what it's value is (Part II). Unless we get either (1) a speculative bubble, or (2) a major leap in Bitcoin's technology, I don't think that BTC warrants higher than a 30% price increase over the next 12 months from, and likely not even that much. Ether, by contrast, is set for another 100% gain. I'm going to explain why, beginning with what the Ethereum network is. The Ethereum network flips Bitcoin technology on its head, and that's why it's so much better. To be clear, Bitcoin is a digital currency that works by a blockchain technology. That technology just keeps track of who owns what, i.e., of the global leger of Bitcoin transactions. So the technology powers the coin. The Ethereum network inverts that idea: the coin powers the technology. The blockchain technology is the Ethereum network, which runs a system of global "smart" contracts (i.e., they are like legal contracts, but are enforced automatically by a computer program). Ether is the coin that powers the Ethereum network; it's the "gas," so to speak. Each time the program runs, it requires "gas" to complete a transaction. The more people on the n Continue reading >>
What Is Ether?
Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>
Why Is Ethereum Different To Bitcoin?
Ethereum differs from Bitcoin in 7 main ways: 1. In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol. 2. Ethereum has a slightly different economic model than Bitcoin Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum. 3. Ethereum has a different method for costing transactions depending on their computational complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with each other. This is called Gas in Ethereum and is limited per block whilst in Bitcoin, it is limited by the block size. 4. Ethereum has its own Turing complete internal code... a Turing-complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin, there is not this form of flexibility. 5. Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five . 6. Ethereum discourages centralised pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation. Continue reading >>
Bitcoin Vs Ethereum: Differences Between Ether And Bitcoin
Bitcoin vs Ethereum: Differences between Ether and bitcoin Bitcoin vs Ethereum: Differences between Ether and bitcoin BITCOIN and Ethereum have both soared in value over the past 12 months, securing the top two spots in the cryptocurrency market. But what is the difference between bitcoin and Ether? Bitcoin (BTC) is the biggest and best-known cryptocurrency on the planet, but many experts are now tipping its main rival Ethereum to start challenging it for pole position in 2018. Ethereums digital currency, known as Ether (ETH), has soared in value over the past 12 months, appreciating by nearly 12,500 percent. This time last year, a single Ether token was worth less than ($10), compared to more than ($1,240) today (January 12). Despite its remarkable rise, Ethereum still trails far behind bitcoin, which is now worth more than ($14,000) per coin. Bitcoins market capitalisation is also almost twice as much as Ethers - ($227billion) compared to ($120billion). For those new to cryptocurrency, here is a handy guide outlining the main differences between bitcoin and Ethereum. What is Ethereum? Second largest cryptocurrency SOARS Whats the difference between bitcoin and Ether? Both bitcoin and Ether are digital currencies based on blockchain technology that can be used to send money across borders without the need for a traditional bank. The cryptocurrencies can also both be mined, unlike Ripple tokens, meaning users can earn bitcoin and Ether from home - provided they have the right equipment. Click on the following link for more information on bitcoin mining: HOW TO MINE BITCOIN However, bitcoin and Ethereum have fundamentally different purposes. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks Bitcoin was created back in 2009 as an alternative to Continue reading >>