Ethereum: The Hottest Investment Of 2017?
2016 was the year of Bitcoin, outperforming nearly every other major investment type throughout the year. However, Bitcoin is now hovering near $1000 USD a coin and steadying in both volatility and growth. This means it is still an excellent investment in the long term, and a stable currency, but it is no longer "the next big thing." Ethereum, however, seems to be the "Bitcoin Plus" that we have all been waiting for. Ethereum was developed with Smart Contracts and computation in mind, making it a more powerful and versatile platform than Bitcoin for performing more than financial transactions. Large companies such as Microsoft, and even larger banking consortia, have adopted Ethereum as a platform for their back-end security and a myriad of other technological promises. As of this writing, Ether (the native Ethereum currency) has been floating around $10.50 for more than a week and is showing signs of renewed stability after a few scares from recent "hard forks" in the Ethereum Blockchain. This recovery, improvement, and added stability from Chinese regulation on Cryptocurrency exchanges have all stabilized Ether and positioned it for growth through 2017. Some analyst predict that Ether could eventually rival Bitcoin, in both volume of usage and versatility as a platform for computation and cybersecurity. Thus, I posit that Ether is the most promising investment of 2017 and I would like to challenge the crypto-skeptics to offer any reason why it may not perform. This is a call for genuine feedback for myself and other interested investors who see this as an exciting opportunity. I hope to open a constructive dialogue and hear some well-informed opinions. Continue reading >>
Ethereum Vs. Bitcoin: Which Is The Better Second Half 2017 Investment?
Ethereum vs. Bitcoin: Which Is The Better Second Half 2017 Investment? The Battle of 2H 2017 Price Supremacy Between Ethereum vs. Bitcoin Will Be Decided in the Technical Trenches Ethereum vs. Bitcoin . Its amazing were even pondering the question about which cryptocurrency will see the better 2H 2017 returns. At the end of 2016, Ethereums currency token ether (ETH) was trading around $8.00/ETH,near the bottom of a range which peaked over $15.00/ETH. Meanwhile, Bitcoin (BTC) was trading in the ballpark of 100 times ethers price, onthe cusp of a new major up leg.Both were in two different leagues. But Ethereum has since exploded onto the scene in 2017, vying with Bitcoin for crypto supremacy. Which becomes the better 2H 2017 investment will depend less on sentiment this time around, and more on technical inner workings which make both cryptocurrencies tick. Specifically, the inner workings in which I speak of involve the much-anticipated result of Bitcoins core software upgrade on August 1, 2017. This is the so-called user activated soft-fork (UASF) deadline, which is fast approaching. The reasons for the upgrade trace back to Bitcoins origins. At the beginning, daily average Bitcoin transactions totaled in the hundreds, then the thousands.At previousrates, Bitcoins 1MB maximum block size could reasonably handle the volume of transactions is a respectableamount of time(although this was still measured in minutes, as opposed to the seconds most retail consumers are accustomed to). But as popularity exploded, so have transaction processing times and fees. Bymid-2017, daily average Bitcoin transactions total around 350,000 and payment confirmation times are becominguntenable. On April 24, 2017, they surpassed 24 minutes, and its not uncommon for confirmations to take over Continue reading >>
Is It Too Late To Invest In Ethereum
Steps to buying secondary cryptocurrencies. Last month I wrote an article about the inevitable rise of Ethereum. Since that article the price has increased 700% and since the beginning of the year nearly 5000%. Ethereum is not the only cryptocurrency profiting. Many other currencies including Bitcoin are up hundreds of percents. This leads to comparisons to the tech bubble in the early 2000's and I am here to give my input on the possibility of a bubble and how you should go about investing in the crypto world. First, I want to get a few things straight. Investing in cryptos right now will still prove to be very profitable. Perhaps in the future, years down the road cryptocurrencies could become overvalued and result in a crash. Obviously along the way there will be certain coins that become obsolete and certain coins that will be worth multiple times their current value, I will discuss some of my favorite and least favorite towards the end of this article. Now, during the Dotcom bubble the mindset was quite similar to the mindset of people in the crypto community. The belief was that any startup with a few good ideas and a website would be worth billions in the future. This was not true then and is not true now. If you are a traditional investor and you opinion about the bubble cannot be changed than we are still in the very early stages of the bubble. Right now the entire crytpocurrency market cap per coinmarketcap.com is $112 billion compare that to the marketcap around the Dotcom crash ( $1.75 trillion ) this is still early. Two trillion could still be a lot smaller than the potential for this new market. Investing in Dotcom stocks was mostly just the United States, crytocurrencies are renowned for their global aspect of trade. Most investors when they see 5000% re Continue reading >>
A Beginner's Guide To Ethereum: Buy Ether Now Or Wait?
// -- Discuss and ask questions in our community on Workplace . Ethereum is a very important crypto in the sense that competition is always good for business. Ethereum was introduced in 2013 by a crypto researcher and developer Vitalik Buterin. It is currently the second most popular Cryptocurrency, following Bitcoin and is said to be the next Bitcoin. Ethereum differs from Bitcoin in the sense that it introduced smart contracts to the industry. It has relatively the same qualities as Bitcoin it is open-source and built on Blockchain, which defines its abilities and characteristics. Enabled by Ethereum, a smart contract is a computer algorithm that allows users to build or develop innovative tools and systems to perform various tasks. These smart contracts run on Blockchain and eliminate the need for third parties. It can save one a lot of time and money. The market is very much split in two as the majority of investors put their money in both Bitcoin and Ethereum. Ethereums token that you can trade with on exchanges is called an ether and can be bought or sold not only for Bitcoin, but also for any popular fiat currency like USD or EUR. Some cryptocurrency exchanges even offer an option of converting ETH to GBP , which can now bring you around 340 per coin. Ethereum was forked in 2016, and Ethereum Classic (ETC) was introduced to the market. There are currently talks of another fork for Ethereum Classic that is expected to happen sometime in December 2017. // -- Become a yearly Platinum Member and save 69 USD and get access to our secret group on Workplace. Click here to change your current membership -- // In order to determine whether or not it is a good time to invest in a Cryptocurrency, one should keep an eye on the news. News greatly affects whether a coins pric Continue reading >>
Should You Invest In Ethereum?
Many people are still getting used to the idea of Bitcoin and the thought of potentially buying another crypto currency slightly scares them. Moreover, investors are quite averse to investing in a crypto currency. The general perception seems to be that they are too volatile. While the latter point on volatility is indeed true, this could be for very important reasons. There is no doubt that the demand for an alternative method of transacting is immense. People are increasingly suspicious of the monopoly that large financial institutions have on sending money. There are also numerous arguments around money supply and inflation that makes individuals question the current Fiat money system. This is the reason that crypto currencies have taken on even more importance over the past few years both for forex trading and general buy and hold investing. Many people would then be asking whether they should be investing in Bitcoin as it is the go to crypto currency. This may, however, be an unwise step to take. This is because there is a new crypto currency on the block that seems to have much stronger fundamentals than Bitcoin, and that is Ethereum . As one can tell, Ethereum is a crypto currency that is based on blockchain technology. Like Bitcoin, it is a cryptographically signed record of a transaction and store of value. Ethereum was first launched in mid 2015. This means it is still a relatively new technology but it is indeed taking the world by storm. Like Bitcoin, Ethereum is also built on a public blockchain. Think of the blockchain as a public ledger of all the transactions that are taking place. The central idea behind the Ethereum protocol is that of smart contracts. It is also a piece of blockchain technology that enables developers to build and deploy decentralize Continue reading >>
What Investors Should Know Before Trading Ether - Coindesk
What Investors Should Know Before Trading Ether Given the increasing prominence of the idea blockchain tech will impact enterprise business, both retail investors and investment institutions are optimistic the market could soon develop into a vibrant new asset class. However, to date, there have been few alternative digital assets that have offered a value proposition that differs from that of bitcoin, the oldest publicly traded blockchain-based cryptocurrency. Today, bitcoin appeals to investors with both a high tolerance for risk and those who believe the digital currency could one day become a stable store of value and financial rail competitive in global commerce. Though often cited as volatile, bitcoins market remains one of the more stable among digital currencies, with a market cap today in excess of $7bn at press time. Many alternative digital currencies, in turn, have offered a similar value proposition, and comparably more pronounced volatility. Amid this landscape, ether, a currency transacted through the Ethereum platform, is perhaps emerging as a contender for more adventurous portfolios. Despite a recent slump in price, ether volume has seen strong growth as more global exchanges add the asset to their offerings. Ether provides unique benefits not offered by alternative digital currencies, including bitcoin, but it also comes with its own set of risks and considerations. Interested investors can benefit from learning the basics of ethereum, as well as the key variables that influence ethers price movements. A platform for decentralized applications, Ethereum was inventedby Vitalik Buterin and announced in early 2014 . At the time, Buterin indicated in public appearances he was keen to createan alternative blockchain-based system that would offer a superio Continue reading >>
How To Invest In Cryptocurrency
Blockchain technology has been heating up in the past several months, thanks in large part to the surge in Bitcoin's price since early May. The cryptocurrency skyrocketed from less than $1,000 in March to an all-time high of $4,440 on August 14. Given this meteoric rise, it's no surprise that investors are clamoring to figure out how to break into the Bitcoin marketplace. But there are many other cryptocurrencies (such as Ethereum) and blockchain companies on the stock exchange where investors can funnel their money. However, investing in a cryptocurrency is different than investing in a regular stock. When you invest in a company, you're buying shares of that company and essentially own an extremely small percentage of it. When you invest in Bitcoin or Ethereum, you receive digital tokens that serve different purposes. With Bitcoin, you get decentralized currency that also happens to be partially anonymous. With Ethereum, you get a piece of the power that runs decentralized apps and smart contracts. Trading cryptocurrencies occurs on dedicated exchanges.Larger exchanges likeGDAX, Kraken, Bitfinex, and Geminitypicallyoffer solid volume to trade cryptocurrencies through bank transfers or credit cards.Coinbase is also an option that is growing in popularity thanks to its ease of use and a built-in wallet. But the trade off here is comparatively higher fees. Poloniex is another exchange that offers more than 80 cryptocurrencies for trading, but the catch is you can only use Bitcoins or other cryptocurrencies to fund these trades. There are several paths one can take when deciding in which cryptocurrencies to invest, but a handful of these have risen to the top as the most popular options for investment: Bitcoin:There's a reason you've heard the name Bitcoinall over the fi Continue reading >>
Should You Buy Into Bitcoin? Here's What Top Investors Say
Should you buy into bitcoin? Here's what top investors say Mark Cuban speaks onstage during the THRIVE with Arianna Huffington panel at The Town Hall during 2016 Advertising Week New York on September 28, 2016 in New York City. Bitcoin crossed the $16,000 mark Thursday morning, less than two days after topping $12,000 for the first time. The digital currency now has a market value of more than $272 billion . Some of the biggest names on Wall Street are embracing the digital currency, including Fundstrat's Tom Lee and value investor Bill Miller , who is running a fund with nearly a third of its assets in bitcoin . Should you be buying into bitcoin too? Here's what top investors have to say: The cryptocurrency " is a fraud ," JPMorgan Chase CEO Jamie Dimon said at the Delivering Alpha conference presented by CNBC and Institutional Investor. "It's just not a real thing, eventually it will be closed." He added, at a separate conference organized by Barclay, "It's worse than tulip bulbs. It won't end well." Jamie Dimon: Governments look at bitcoin as a novelty Michael Novogratz: Cryptocurrencies like bitcoin are 'going to be the biggest bubble of our lifetimes' "I think this [crypto] is going to be the biggest bubble of our lifetimes by a long shot," the former Fortress hedge fund manager said at a CoinDesk bitcoin conference . "To be fair, this is a bubble and there's a lot of fraud mixed in. We look at tons of projects. And some get funded, and they literally look like Ponzi's. There's a lot of froth and fraud in something that's exciting as this." Novogratz's remarks came right after he gave an aggressive projection for bitcoin : It "could be at $40,000 at the end of 2018. It easily could," he said on CNBC's " Fast Money ." And he saw big things for other cryptocurrencie Continue reading >>
Is It Too Late To Buy Bitcoin, Dash, Ether? Ct Investment Tips
Is It Too Late to Buy Bitcoin, Dash, Ether? CT Investment Tips For both short and mid-term investors, it is important to recognize and evaluate the technical backgrounds and usability of leading cryptocurrencies. While the majority perceives digital currencies including Bitcoin, Monero, Dash and Ether as either a means of payment or a token for development, there still exists a relatively large group of users who consider these digital currencies as short and mid-term investments . Many investors within the digital currency exchange market still inquire about the timing of their investment. For short and mid-term investment, is it too late to buy the mentioned digital currencies? Dash and Ether are different from most digital currencies such as Bitcoin or Monero in the sense that they have unique monetary policies. Ethereum, for instance, is actually an inflationary token because it operates on top of a concept called the Issuance Rate. The Issuance Rate represents the number of Ethereum tokens or Ether that will be created within a year. In 2017, the issuance rate of Ether is 14.75 percent. Dash is a controversial cryptocurrency because over two mln Dash - previously known as Darkcoin - was instantaneously mined in the first 30 hours of launch. Homero, a Bitcoin trader and cryptocurrency trader, wrote : During the first day 2M coins were mined, and as of today, less than 3k are mined daily. Even if there were no features/community at the time, he didnt relaunch and decided to keep his instamine, claiming that the community told him to do so. Having a fair launch is very trivial for the future of a coin, because a premined coin has only one future : to make the creator rich. Bitcoin and Monero, on the other hand, were launched and mined with complete transparency and l Continue reading >>
A Beginner's Guide To Investing In Bitcoin And Other Cryptocurrencies
A Beginner's Guide to Investing in Bitcoin and Other Cryptocurrencies By Jacob Weindling | December 1, 2017 | 10:22am While you normies were enjoying Thanksgiving, those of us who have pledged loyalty to our new digital deity were losing our collective minds. The entire cryptocurrency market shot up to all-time highs across the board, seemingly thanks to the fact that South Koreas second largest bank tested bitcoin wallets, an influx of new cryptocurrency investors join the market every day, plus the expectation that a bunch of big money will enter the market when the hedge fund CME and the NASDAQ add bitcoin futures in the coming months. I mean, look at this year-to-date bitcoin chart. This is nuts. We are definitely in a bubble. But you can still make money in bubbles. The phrase used by those of us who have jumped in on this supposed rocket ship is moonward, and given the angle of that bitcoin chart, it feels like were at least in the troposphere. It seems like its impossible to lose money in crypto right now, which creates FOMO (fear of missing out) that has surely fueled this astounding rise. There will no doubt be a proportional correction to this wild rally (and some of it has already happened), so buying right now may not be the best move (I am not a financial advisor nor a cryptocurrency expert, so consider this my legal disclaimer that you should obviously not mortgage your house because some guy on the Internet wrote a thing). Bitcoin is now one of the 30 or so largest currencies in the world, and it looks to be dragging several other cryptocurrencies up along with it. Despite all this progress, cryptocurrency is still in an incredibly early stage. While bitcoin may look expensive at around $10,000 per coin, thats a bargain compared to the $55,000 per coin t 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 >>
280 Million Reasons To Avoid Investing In Ethereum
280 Million Reasons to Avoid Investing in Ethereum The number of cryptocurrency investing nightmare stories is growing. Historically, the stock market has been the greatest creator of wealth. Over the long term, stocks have returned an average of 7% annually, inclusive of dividend reinvestment. By comparison, bonds, gold, oil, and even home prices have lagged on an inflation-adjusted basis. But in 2017, cryptocurrencies like bitcoin and Ethereum turned this traditional mantra on its head. The aggregate value of more than 1,200 digital currencies combined has jumped from $17.7 billion at the beginning of the year, to about $192 billion, as of Nov. 12. That's nearing a 1,000% gain in just a little over 10 months. Leading the way has been bitcoin, which has the largest cryptocurrency market cap by a mile at $95 billion, and Ethereum, which has risen by nearly 3,700% year to date. Whereas bitcoin's notoriety is based on its size, first-to-market advantage, and the fact that a handful of large merchants accepts its virtual currency, Ethereum's hot 2017 is entirely based on the potential of its underlying blockchain technology. The Enterprise Ethereum Alliance currently has more than 150 organizations, including nine well-known companies, testing versions of Ethereum's blockchain in financial, industrial, and energy projects of varying scales. What makes Ethereum so much different from every other blockchain technology is its incorporation of " smart contracts ." These are computer protocols built into the blockchain that aid in facilitating, verifying, or enforcing the negotiation of a contract. In other words, it helps with financial supply-chain procedures and compliance processes in a secure and efficient manner. With so many organizations testing out Ethereum's blockcha 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 >>
Bitcoin And Ethereum Price Has Peaked, Billionaire Says | Fortune
About two months ago, hedge fund billionaire Michael Novogratz made a bold announcement: Hed put 10% of his net worth into digital currencies including Bitcoin and Ethereum. But a lot can happen in a couple of months. Specifically, the price of Bitcoin has more than doubled, and the Ethereum price has multiplied six-fold. So around the time the cryptocurrencies reached all-time highs earlier in June, with the Bitcoin price hitting $3,000 and Ethereum breaking $400 the following day, Novogratz thought the current crypto boom had topped out. He sold a bunch of his digital coins. I think the market had a spectacular run, and trees dont grow to the sky, Novogratz said this week, speaking at CBInsights Future of Fintech conference in New York. So I probably still have roughly 10% of my net worth in crypto, but its been scaled way back. I own a lot less coins, theyre just worth more, Novogratz added. His call turned out to be well-timed. Just days after setting record prices, Bitcoin and Ethereum crashed as much as 25% in just 24 hours. Ethereum kept right on falling, at one point trading 46% off its high and thats not even counting last weeks flash crash in which the price briefly plummeted to just 10 cents. Cryptocurrency traders have become accustomed to their prices violently whipsawing up and down in waves a 30% drop in the Bitcoin price in May preceded its recent peak by about two weeks but the current downdraft appears more sustained. Though the cryptocurrencies, rooted in a technology system known as the blockchain, have each since recovered some of their losses, they have yet to come anywhere close to their highs. Now, Novogratz, who formerly ran a hedge fund at Fortress Investment Group and now invests in blockchain companies, thinks the cryptocurrencies have peake Continue reading >>
Bitcoin: 3 Things To Know About Cryptocurrency Investing | Fortune
Bitcoin has been luring some investors with potentially huge rewardsand scaring others away with equally big risks. Should it be on your investment shopping list on Black Friday? The cryptocurrency can certainly be volatile. Earlier this month, for example, it plummeted 25% over five days after concerns grew that a new currency called Bitcoin Cash, which promises to speed up transactions, would make Bitcoin itself a less attractive payment option. That fear didnt last long. Over a subsequent two-day span, investor sentiment reversed and the price jumped up 18% from its lows; by Thanksgiving, Bitcoin had soared to new highs . Not many investments engender the differences in opinion that Bitcoin and other cryptocurrencies create. Its that volatility, and uncertainty about the technologys long-term viability, that breeds whirlwind days. The currency has turned evangelists and hackers into paper millionaires overnight, while others see it as a fad, doomed to fade as countries add regulations onto whats currently a stateless, bankless Wild West of payment tools. Still, its hard to argue with the short-term results. On New Years Day, a single Bitcoin was worth $964; by Black Friday morning its value had passed $8,200, a gain of nearly 800%. Taken together, the market capitalizations of all the worlds cryptocurrencies, including other prominent players like Ethereum and Ripple, have risen even faster this year. This growth has pushed mainstream institutions to take notice and capitalize. CME Group, the worlds largest options and futures exchange owner, announced it would offer Bitcoin futures by the end of the year. That move would give Bitcoin a level of credibility that established currencies have, and also provide an infrastructure for developing exchange-traded funds (ETF Continue reading >>