5tips For Finding The Next Bitcoin, Ethereum And Ripple
5Tips For Finding The Next Bitcoin, Ethereum And Ripple Opinions expressed by Forbes Contributors are their own. Bitcoin, Ehereum, Ripple, Litecoin and a few other high visible cryptocurrencies have made early investors very rich, very quickly. And they could make many more investors rich, provided that they continue to rise at the recent feverish pace that parallels big lottery Jackpots. But thats unlikely, as these investments cannot defy the numbers game. This means thatwould-berich investors must look for the next lucky coin elsewhere on the cryptocurrency list, while the hype for the digital currencies lasts. Source: Coinmarketcap.com, Saturday, January 13, 2018, 10:30 a.m. Still,picking up the next winners in the cryptocurrency space is a very difficult thing for a couple of reasons. One of them is that there are more than 1,000 cryptocurrencies to choose from 1,426 to be precise. Another reason is that there are no fundamental metrics to appraise the intrinsic value of each coin, as is the case with conventional assets.The only thing available isa site with a promise the coin holds to change the capitalist world, should itbeadopted to replace national currencies in day-to-day transactions. Heres a quote from Eric Pichet, a KEDGE professor, regarding the fundamentals of Bitcoin, which applies to other cryptocurrencies:Bitcoin has some of the attributes of a headless currency.Nevertheless, it has no intrinsic value not even as a collector's item because it is intangible,"emphasizes Eric Pichet."Nor is it a financial asset like a stock or bond because it has no returns. Its only investment value lies in the possibility of appreciation bestowed on it by those who hold it: it is an asset with no underlying." [Ed note: Investing in cryptocoins or tokens is highly spec Continue reading >>
Cryptocurrency Investing: Are Bitcoin And Ethereum Safe? | Money
The wild swings in the value of Bitcoin and other cryptocurrencies lately should reinforce the idea that they are not sound long-term investmentsand that investors should only buy as much as they can afford to lose. If this sounds overly cautious, consider the recent insights of someone who you might otherwise assume is a true believer in cryptocurrencies: Vitalik Buterin, the co-founder of the cryptocurrency Ethereum. Over the weekend, Buterin sent out a Tweet reminding everyone that cryptocurrencies are still a new and hyper-volatile asset class. Bitcoin, Ethereum, Ripple, and other cryptocurrencies could drop to near-zero at any time, Buterin said. Therefore, Dont put in more money than you can afford to lose. If youre trying to figure out where to store your life savings, traditional assets are still your safest bet. Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time. Don't put in more money than you can afford to lose. If you're trying to figure out where to store your life savings, traditional assets are still your safest bet. Vitalik "Not giving away ETH" Buterin (@VitalikButerin) February 17, 2018 Over the past 12 months, the value of Bitcoin has skyrocketed from $1,000 to nearly $20,000 , before plunging below $6,000 in early 2018. Cryptocurrencies like Litecoin, Ripple, and Ethereum dipped more than 25% in a single day recently. Essentially, Buterins message urging caution isnt all that different from those issued by cryptocurrency skeptics such as Yale economist Robert Shiller , who has frequently spoken about how unpredictable the cryptocurrency markets are. Cryptocurrencies such as Bitcoin might totally collapse and be forgotten and I think thats a good likely outcome Shiller said on CNBC earl Continue reading >>
Will Ethereum Be A Better Investment Than Bitcoin In 2018?
By UseTheBitcoin in Cryptocurrency News Home In 2009, Bitcoin was introduced and not many people knew about it. Over time, when people learned about the decentralization from fiat money, they learned they can be more free. No more worrying about your money being frozen from big banks and intermediaries like PayPal. You are your bank now. However, Bitcoin got much bigger than most people thought and it did that very fast. With its increase in price so quickly, it has suffered an increase in transaction fees and also a slowdown in its transaction speed. However, it is still useful. When Ethereum came out, it was looked down upon because the market hadnt matured yet. No one understood much about cryptos beyond the peer to peer transfer. When the difference between Bitcoin and Ethereum was established, that is when we had a surge of the altcoin rush. This caused prices to skyrocket on all altcoins. It seems as if the roles have been reversed and there is more doubt on Bitcoin than anything else. This is why we recommend you hodl Ethereum over Bitcoin. With Bitcoins increase in price, it has been dubbed as gold 2.0 because of its store of value like feature. It is the most expensive cryptocurrency and it actually has the highest market cap. Bitcoin has also been the most resilient. It has the ability to drive the market up or down. If people start taking money out of Bitcoin, expect the whole market to come down. The vice versa also happens. With Bitcoins recently mempool always being full along with the transactions being so expensive, people are looking for other routes. There are upgrades that are expected to fix this but it doesnt seem like it will be here anytime soon. This is called Lightning Networking and it will have an effect on many other cryptocurrencies too. Et Continue reading >>
Bitcoin, Ripple, Ethereum: What Is The Difference? Which Should You Invest In?
Dubbed the King of cryptocurrencies, bitcoins unprecedented bull run through 2017 cemented its place on top of the crypto markets. Kicking off 2017 at less than 737 ($1,000) the token has topped a record high of just below 14,744 ($20,000) in December last year, according to CoinDesk. There are currently well over 16 million BTC tokens in existence with a staggering market capitalisation of over 204billion ($277billion) the single biggest market cap by more than 73billion ($100billion). The bitcoin white paper was first revealed to the world in October 2008, penned by an anonymous individual or group of programmers under the pseudonym of Satoshi Nakamoto. Bitcoin mining then officially began in January 2009 and the peer-to-peer network and currency token has grown massively since. Ripple price: Why is it rising? Should you buy Ripple instead of BTC? The question of whether or not you should invest in bitcoin has split analysts and investors alike, with very strong opinions in both camps of the argument. Jamie Dimon, CEO of investment giant JPMorgan Chase, joined the chorale of analysts who urged against betting your money on the volatile token. He said: "I think this is going to be the biggest bubble of our lifetimes by a long shot. Many investors were put off by bitcoins inherent volatility in December last year, when the token plunged from its all-time high prices by more than 4,900 ($6,700) in the space of three days. However some analysts have been more positive about bitcoins future potential to be recognised as a genuine store of value more so than an investment. Nicholas Gregory, CEO of CommerceBlock, told Express.co.uk: Bitcoin is a tangible asset, because once you own one bitcoin you own one bitcoin for life. You own 100 but is that really 100 in five years ti 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 >>
Which Cryptocurrency Should You Invest In? Litecoin, Ethereum, Ripple And Other Alt-coins Compared
Which cryptocurrency should you invest in? Litecoin, Ethereum, Ripple and other alt-coins compared Bitcoin is now incredibly expensive. But there are smaller, cheaper currencies which are starting to explode in price (Credit: LiteCoin, Ethereum, Ripple) Prince Harry and Meghan Markle reveal date they are going to get married A few years ago, I wrote several stories about a Native American tribe which planned to stop relying on the dollar and use Bitcoin as their currency. Now Im kicking myself for bleating on about cryptocurrencies at length, but never actually buying any. A 1,000 Bitcoin investment made in the middle of 2013 would now be worth more than 175,000 which is about enough to get a deposit on a modest flat in London. But there are other ways to make a bit of money in the risky and volatile world of digital dosh and justas many ways of losing it all. People looking to replicate the success of the first Bitcoin investors are investigating alt-coins including Ethereum, Litecoin and Ripple in the hope they can be bought cheaply now and sold for a much higher price at a later date. Lily Allen missed the chance to become a billionaire after turning down a gig paid in Bitcoin back when the currency was worthless (Credit: Getty) Oliver Isaacs, an entrepreneur and tech investor, made early investments in all these cryptocurrencies. He told Metro.co.uk that some of these digital denominations could end up being worth more than Bitcoin He said: Litecoin is finally benefiting from the broader interest in cryptocurrencies and I see no reason, despite still being very early stages, why the price cannot eventually match or even surpass Bitcoins price over time. The recent price surge has been the result of heavy trading volumes on one of the most popular exchanges, GDAX, a Continue reading >>
Ethereum Vs Bitcoin: Where To Invest
Of all cryptocurrencies currently available in the market, bitcoin and Ethereum are the top according to market capitalization. Therefore, if youre going to invest in cryptocurrency, the choice of Ethereum vs bitcoin is one you will have to face. In this situation, you will first need to consider what each has over the other. Comparing Ethereum vs bitcoin, the latter is gaining more acceptance around the world. You can now pay for goods and services at more shops around the world, and the trend is only going forward. This is a good thing, because it means that demand for bitcoin will keep going higher. Furthermore, bitcoin is gaining legal status around the world , and even legislations are being passed to that effect. Japan already accepted bitcoin fully, as legal tender, while legislation is being discussed in India, South Korea, Australia, Russia and several other countries. This further increases the demand for bitcoin, not to mention the media attention its getting. It now seems like every other day there is a headline news story about bitcoin, which is useful for an investment tool. Media attention generates demand, driving up the value of an asset. Among Ethereum vs bitcoin, bitcoin is simply a lot more in the public eye. Ethereum may not be useful in paying for goods and services, but thats not even its purpose. Unlike bitcoin, which was meant to be a decentralized currency, Ethereum was meant to be a reward for smart contracts. This function of Ethereum has been fulfilled through the frequent holding of ICOs . Subsequently, ethereums market cap has appreciated from the increasing demand for these smart contracts. Additionally, Ethereum has been receiving financial backing from institutional investors, generating confidence in the virtual currency. Due to the a 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 >>
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 >>
Bitcoin's Biggest Competitor Isn't Ethereum -- It's This
Bitcoin's Biggest Competitor Isn't Ethereum -- It's This Could this cryptocurrency one day dethrone the almighty bitcoin? To borrow and modify a catchphrase from sports commentator Dan Patrick: "You can't stop cryptocurrencies, you can only hope to contain them." Since the year began, the aggregate value of all cryptocurrencies combined has surged from $17.7 billion to a fresh all-time high of $305 billion, as of Nov. 27. In less than 11 months' time, the value of all virtual currencies has risen by more than 1,620%! Mind you, the stock market, inclusive of dividend reinvestment, has historically gained about 7% per year. Digital currencies have absolutely left traditional assets in their dust this year. Leading the charge is bitcoin, which appears to be knocking on the door of $10,000 per coin. Bitcoin began the year below $970 a coin, so it's had an incredible run. Its current market cap of $162 billion actually places it ahead of Dow Jones Industrial Average stalwart General Electric. Bitcoin's biggest competitor isn't Ethereum Bitcoin isn't alone. In fact, CoinMarketCap.com lists 1,327 different investable virtual currencies as of Nov. 27 -- many of which have their very own underlying blockchain. Blockchain is the digital and decentralized ledger that records transactions without the need for a financial intermediary like a bank or credit union. With a low barrier to entry -- i.e., anyone with time, knowledge, and funding can create blockchain -- competition among virtual currencies and their blockchains can be fierce. The biggest competitor to bitcoin and its crypto-empire might appear to be Ethereum. Ethereum has the second-largest market cap of any digital currency, and it's had an even better year-to-date performance than bitcoin. Further, its blockchain is be 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 >>
Hacking Investing - Bitcoin, Ethereum And Cryptocurrencies Could Make You A Millionaire
Ian Balina Ian Balinas Blog Money Hacks Hacking Investing Bitcoin, Ethereum and Cryptocurrencies Could Make You a Millionaire Did you know that investing in Bitcoin and Ethereum could make you a millionaire? Imagine you wake up one day, and you have $886,000 in your bank account. You didnt put any blood, sweat, and tears to earn them nor did you receive an inheritance from an unknown family member. Youve just made a small investment that ballooned into a fortune over time. Back in 2009, Christopher Koch learned about Bitcoin while working on a thesis paper about encryption. The entire system fascinated him, so he decided to invest $27 for 5,000 Bitcoins . Koch quickly forgot about the investment until four years later when Bitcoin started popping up in the news. So, he checked his encrypted wallet only to discover that he was sitting on an $886,000 nest egg. Unfortunately, not all of us are as lucky as Koch. But, that doesnt mean you cant possibly become a millionaire by investing in virtual currency. You just need to understand how they work so that you can maximize your profits. This comprehensive guide will teach you everything you need to know about why you should invest in Bitcoin, Ethereum, and other altcoins and how to do it. I will be direct and let you know that I am not a financial advisor and invest in cryptocurrencies at your own risk. I myself, have personally invested $10,500 in cryptocurrencies four months ago, and it has grown to be worth about $15,000 in that timespan. This included a $2,500 investment in Ethereum that I sold off after a month and a half, at a value of $5,500. The growth of my portfolio has slowed down the last month or so as Bitcoin deals with scalability issues (Segwit), that I wont address here, as this is a post targeted for beginn Continue reading >>
If You Had $500 To Invest In Either Bitcoin Or Ethereum Each Month, What Would You Do?
in cryptocurrency 2 years ago (edited) Here's a hypothetical situation that I would like to pose to anyone that's interested in cryptos and answering this question. Let's say you have $500 to invest each month, but you have to choose to invest in either Bitcoin or Ethereum. You can split the investment up however you want each month, but once you invest your funds, you have to leave them there for at least three years. What investment strategy would you follow and why? Bitcoin was the first crypto to come into existence, therefore has higher name recognition than any of the other cryptos. This makes it reasonable to assume that it will experience an easier time generating more interest, trust and adoption from the mainstream than the other cryptos. Bitcoin has a massive amount of investment and infrastructure set up all around it with tons of people really wanting to make sure it succeeds in the long-term. Bitcoin is amazing technology created and nurtured by very intelligent people Bitcoin has already withstood the test of time in many ways, much more so than the other cryptos since it was created first, and has already faced many challenges and is still alive and well. There are problems with Bitcoin and it's not a foregone conclusion that all of these issues will be worked out in a good way. This adds an element of risk. One of the current issues with Bitcoin is around longer transaction times which might dissuade some businesses from adopting it, hindering its mainstream appeal. Since Bitcoin has been around the longest and has already jumped up massively in price, this can lead many people to believe that they've already 'missed the boat' and can lead them to look for alternative crypto investments that they can get into 'on the ground floor' which they believe mi Continue reading >>
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 >>
Will Ethereum Be A Better Investment Than Bitcoin In 2018?
Will Ethereum be a Better Investment Than Bitcoin in 2018? Ethereum has been off to an impressive start so far in 2018 having reached several new record highs and climbing over 13,000 percent since early 2017. Is 2018 the year of Ethereum? While 2017 was the year of Bitcoin, 2018 is shaping upin a big wayto be the year Ethereum takes off. Since January 1, the second-largest digital currency by market cap has increased by roughly 74.7 percentup from $755.76 to briefly $1,369.78 on Wednesday (January 10) before dipping back under and fluctuating between $1,299 and $1,320.68. Bitcoin, on the other hand, has been more volatile. On January 1, the cryptocurrency was valued at $14,112.20 and subsequently reached a year-to-date high of $17,627.40 on January 5, but has since dipped back down to $14,638.50 as of January 10. As a result, speculation has beencircling as to what a better investment is: Bitcoin, or Ethereum? With Ethereum consistently reaching new highs this week alone, David Mondrus, CEO of Trive said that the resilience Ethereum has shown while other cryptocurrencies are dropping is indicative that Ethereum is the next safe haven. Ethereum is [currently] known as the strongest, most resilient of the [cryptocurrency] networks, Mondrus explained in a phone interview with the Investing News Network (INN). Bitcoin has its scaling problems. Mondrus continued, stating that bitcoin has had a scaling issue for several years now and that the blocks currently have a 1 megabyte (MB) limit, which means that blocks on the bitcoin blockchain are only able to contain 1 MB of data. Ethereum has its scaling problems [as well], but in Ethereums case, the move towards a scalable solutionlike shardingis well underway, he said. Looking deeper into 2018, Mondrus said he expects Ethereu Continue reading >>