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 >>
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 >>
Everything You Need To Know About Ethereum
Everything You Need to Know About Ethereum From catalysts to concerns, here's your one-stop guide to all things Ethereum. Cryptocurrencies have been unstoppable this year. When the calendar does finally change to 2018, this year could go down as the single greatest year of gains for any asset group that investors have ever seen. Cryptocurrencies take center stage in 2017 When the year began, the aggregate value of all cryptocurrencies combined was $17.7 billion. As of Dec. 17, the more than 1,300 tradable cryptocurrencies had a combined market cap of $594 billion. For you math-phobic people, that's a return of more than 3,200%, which has taken the S&P 500 decades to deliver to investors. In fact, many of the largest cryptocurrencies have left even the best-performing stocks in the dust this year -- so much so that a side-by-side chart comparison between a virtual currency and a traditional equity makes the return of the equity look like a flat line. Bitcoin is often credited as being the driving force behind the march higher in digital currency, and with good reason. It's the world's most popular digital currency with merchants, and was also the first tradable cryptocurrency. It also doesn't hurt that bitcoin comprises nearly 55% of the aforementioned $594 billion market cap. It has a ton of influence over the movement of virtual currencies. However, the bizarre truth is that bitcoin has drastically underperformed its peers in 2017. Though its coin has rallied to nearly $20,000 after beginning the year at $967, many of the top 10 cryptocurrencies by market cap have gains of 6,000% to over 10,000% year to date. Virtual currencies not named "bitcoin" is where the interest and action has been all year. And arguably at the top of the list of most popular non-bitcoin crypto Continue reading >>
Should You Invest In Ethereum?
Should You Invest in Ethereum and Where to Buy Ethereum? Ethereum price has soared and it has outperformed many other cryptocurrenciesrecently. Given the investment interest displayed by Ethereum enthusiasts, should you invest in Ethereum or not? If it is worth investing, where can you buy Ethereum? Is Ethereum a good investment? Read on and find out the reasons why you should invest in Ethereum. Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. The opinions expressed in this article are the personal opinions of the author at the time of publication. 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.Some analystspredict that Ether could eventually rival Bitcoin, in both volumes of usage and versatility as a platform for computation and cyber security. Read more on What Is Ethereum and How to Make Money With Ethereum? If you are wondering the legitimacy and the future of Ethereum , an organization called the Enterprise Ethereum Alliance (EEA) was recently set up to connect large companies such as JPMorgan, Microsoft, and Intelto technology vendors in order to work on projects using the blockchain. Given Ethereums maturity and multi-purpose design, it is the mostpromising solution for enterprise Blockchain adoption. In short, it has spiked recently because of the big names who believe in it. This was covered heavily by the media, resulting in the bullish trend we are witnessing. IMO its a safe bet that Ether will continue its rise. Now we have seen the hike in its price, will it continue and become the next Bitcoin ? The next big question is should you invest in Ethereum? 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 >>
Investing In Ethereum, Bitcoin And Litecoin: Will Cryptocurrency Make You Rich? Here's What To Know.
Investing in Ethereum, Bitcoin and Litecoin: Will cryptocurrency make you rich? Here's what to know. Have you heard? Cyptocurrency is so hot right now. Bitcoin's price has beenclimbing for the better part of a year,topping $2,000 per coin for the first timein May, and rising to a record high above $2,500 before dropping down just above $2,400 a coin as of Friday afternoon, per CoinDesk . Those numbers mean nothing to you? This one might: If you had made a small investment in bitcoin back in 2010 buying just $100 worth, when each unit was worth a fraction of a cent your stash would be valued today at more than $70 million . Talk about an early retirement ! Even if you had been late to the party and bought bitcoin last year, you would be feeling pretty good. At one point, bitcoin prices were up roughly 180% for the year, as CNBC reported . Compare that with the broad stock market, which returned between 7.9% and 15%, depending on which index you look at. Other cryptocurrencies have been on a tear as well. Ethereum , launched in 2015, is a software platform that has a cryptocurrency of its own, called "ether." Ether, or "ether tokens," hit a new all-time high Wednesdayafter climbing more than 35% in 24 hours, per CoinDesk . (There's also litecoin , which is similar to bitcoin but easier to obtain , more transactional, and seen as less valuable.) So does that mean you should buy cryptocurrency today? Some say yes: One bitcoin proponent told CNBC he expects its value to keep rising and hit $100,000 within the decade. While digital currencies may seem alien now, it serves to remember that when Apple and other tech brands began gaining steam in the 1980s, people were skeptical anyone would have use for a personal computer . That story had a happy ending for early Apple invest 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 >>
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 >>
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 >>
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: 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 >>
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 >>
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 >>
Should You Buy Bitcoin Or Ethereum
ALSO READ: How to Profit from Leveraged ETFs Bitcoin or Ethereum? Bitcoin is all over the headlines in recent weeks and the price has skyrocketed. Ethereum not so much so. The question remains: is there a bubble destined to burst or are we witnessing the birth of a new global currency that will change way payments are made? Since the beginning of the year, Bitcoin has increased in price by more than 1200%, going from under $1,000 per Bitcoin to nearly around $12,500 as of Dec 6, 2017. The year before, Bitcoin doubled in price, going from about $450 to $950. Take a look at the interactive Bitcoin chart below (its interactive so change the settings). Whats remained true in the last two to three years is that the price of Bitcoin continues to trend upwards, often exponentially so and not without a lot of instability. As Bitcoin gained many followers and tons of exposure, it opened the door for other types of cryptocurrencies to become popular. One such currency, known as Ethereum, quickly gained in popularity, so much so that it is second only to Bitcoin regarding market capitalization. Ethereum is similar to Bitcoin in many ways. Today, there are at least 100 different coins out there, from the useful to the completely useless . Here is a chart of Ethereum. Note that it started 2017 at $8 and on December 6, 2017 was at $450. THAT IS A 5600% INCREASE compared to Bitcoins 1200% run: Simplistically you can think of Bitcoin as internet cash. Some people mine Bitcoin using powerful computers. These souped-up machines perform millions of calculations, basically solving countless math problems, which then unlock a specific amount of Bitcoin. These miners can then sell it or hoard it at their pleasure. Its a bit like gold or another precious metal in the sense that you have to m Continue reading >>