Is Ethereum More Important Than Bitcoin?
By Adam Hayes, CFA | Updated June 13, 2017 1:57 PM EDT Blockchain technology, the distributed ledger system that underpins the digital currency Bitcoin, is getting a lot of attention from Wall Street lately. With uses ranging from cross-border payments to settlements and clearing of over-the-counter derivatives to streamlining backoffice processes, the potential for disruption in the financial industry and elsewhere is growing more real each day. While bitcoinis the most widely used and well known use case of blockchain, Ethereum may be thekiller app that allows for this disruption to finally take place. The tokennative to the Ethereum blockchain , Ether (ETH), has recently risen to over $10 per ETH, and the market capitalization of all ether is nearly $800 million, making it the second most valuable blockchain behind bitcoin (which represents approximately $6.5 billion of value).What is Ethereum and why is it interesting? Ethereum was developed to augment and improve on bitcoin, expanding its capabilities. Importantly, it was developed to feature prominently smart contracts:decentralized, self-executing agreements coded into the blockchain itself. Ethereum was first proposed by Vitalik Buterin in 2013 and went live with its first beta version in 2015. Its blockchain is built with aturing-complete scripting language that can simultaneously run such smart contracts across all nodes and achieve verifiable consensus without the need for a trusted third party such as a court, judge or legal system.According to its website ,Ethereumcan be used to codify, decentralize, secure and trade just about anything. In late 2014, Ethereum raised over $18 million in bitcoinby way of a crowdsaleto fund its development. The Ethereum Virtual Machine (EVM) is capable of running smart contr Continue reading >>
Top 3 Reasons To Buy Ethereum
Download your FREE report now: How To Invest in the Coming Bitcoin Boom Ethereum is the most promising technology investment out there. It's quickly proving to be one of the most profitable investments of all time. Since its birth in 2016, the digital currency has grown by over 1,100%. On its way up, it has made paupers into millionaires. And its growth is accelerating. If you had bought Ethereum in February, you would have tripled your investment by now. At Ethereums current growth rate, $500 dollars can be expected in the near future. Digital currency analysts think that we could see $500 before the close of the year. In the long-term, the currency is projected to enter the thousands. That means if you want to get in on this investment, you need to buy now. For those of you who dont know what Ethereum is, it's important to understand that it is much more than a digital currency. Ethereum is an open-source network. It is far superior to any other blockchain network. (I will go into the details of blockchain in the next section.) For now, know that when you purchase Ethereum, you are actually purchasing the networks digital currency, Ether. Ether powers the Ethereum network so by purchasing it, you invest in the network itself. Hence why all the coin exchanges use the coin's network name, Ethereum. This means that every time you buy Ethereum, you are putting money into the most powerful network that currently exists. And the potential for that network is endless. For the investors who are still speculative, the Ethereum facts detailed in this report should put you at ease and have you rushing to the exchanges. Ethereum has more applications than bitcoin Ethereum is backed by fortune 500 companies Ethereum is being incorporated by financial institution Ethereum has more 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 >>
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 >>
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 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 >>
Ethereum Co-founder Says Only Invest In Digital Currency If You Can Afford To Lose | Digital Trends
Posted on February 20, 2018 - 6:02AM 2.20.18 - 6:02AM Looking for good financial advice? Vitalik Buterin, co-founder of the digital currency Ethereum, jumped on Twitter to offer just that, but its probably not the advice youd expect. He believes traditional assets are still best for those who want to generate lucrative interest from long-term investments. Cryptocurrencies on the whole are still in the infancy stage, and dont generate interest. Cryptocurrencies are still a new and hyper-volatile asset class and could drop to near-zero at any time, he states. 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. Buterin, a cryptocurrency researcher and programmer, proposed Ethereum at the end of 2013. He helped get the platform up and running in July 2015 after selling an initial run to early adopters in 2014. Ethereum is the overall decentralized transaction platform while Ether are the digital coins. Currently, just one coins value is around $939, but that same coin was worth a mere $13 just a year ago. The problem with cryptocurrency is that its value is volatile. For instance, on November 19, 2017, one Ether coin valued at $355 in real-world cash. By January 13, 2018, the value skyrocketed to $1,139 and then plunged to $591 per coin by February 5, 2018. Investing in cryptocurrency is obviously risky business. Bitcoin isnt immune to severe rises and falls either. On November 12, 2017, Bitcoin had a value of $5,969 . That number jumped up to a hefty $19,189 on December 16, 2017, and then tumbled down to a $7,000 value by February 6, 2018. Right now, Bitcoins worth sits at $11,083, but that could rise or fall at the drop of a digital dime. Cryptocurrency platforms Continue reading >>
Is Ethereum A Good Investment?
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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 >>
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 >>
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 >>
How To Buy Ethereum (ether): Guide To Investing Ethereumprice
Join our newsletter to receive updates from EthereumPrice.org. Purchasing Ethereum can be done easily at any of the Ethereum exchanges below. Once Ether has been purchased for fiat currency (USD, EUR, GBP etc), the funds can be stored on the exchange itself or in your own secure wallet. For small purchases of Ethereum, users may wish to store their crypto on the exchange for ease-of-use. For larger purchases it is recommended that the funds are moved into a secure wallet. Alternatively, investors can trade Ethereum without having to buy and secure the currency through a CFD trading platform such as eToro . This section will expand over time and many other exchanges are also available. The Ethereum exchanges listed below all have a strong industry reputation and have operated successfully for many years. The process of purchasing Ethereum through an exchange is simple. Register an account with an exchange below, deposit US dollars, Euros etc and purchase Ether through the platform. Kraken has the world's largest cryptocurrency volume in EUR. Comparison disclosure: EthereumPrice.org provides a free (and advert-free) Ethereum price tracker. However, in order to sustain this free tool we have partnered with and receive commission from some of the platforms listed above. If you would prefer to just speculate on the price of Ether without purchasing the cryptoasset (and thus not requiring any of the associated security precautions), see this section on CFD trading for Ethereum . The process of buying Ether will vary from exchange to exchange, however the principles are very much the same. Those new to currency purchases need not be alarmed, many exchange platforms make it as easy as sending a single online payment. Register at your chosen exchange by submitting a few persona 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 >>
Should You Buy Ethereum Now, Or Wait?
Is it time to buy Ethereum or would you be better off waiting? Thats the question on many peoples minds. With the major dip in the market last week many people are unsure if they should invest in Ethereum or other cryptocurrencies . Ethereum has had a pretty good 2018. First it hit $1,000 on January 4th. Then it started a long upward movement that saw it top $1,400, increasing its value over 40% in just six days. Then, what many are calling bloody Tuesday hit on January 16th, and many of the crypto markets dropped sharply. Ethereum closed that day at $1,053.69. What that showed was that Ethereum has a good support level at around $1,000. On January 17th, it did drop below that mark, on a 4-hour average, for 8-hours but then bounced back and has been trading between $1,000 and $1,150. Today the price of Ethereum started at around $1,080 and has moved down to the $970 range in the last hour. It is currently trading in the $966 to $985 range. The Ethereum downturn today is due to several factors including other major cryptocurrencies like Bitcoin, Ripple, Bitcoin Cash, Cardano, and Litecoin all being down today. This is most likely due to the news that South Korea has decided to tax cryptocurrency exchanges at 24.2%. One of the South Korean cryptocurrency exchanges, Korbit, halted fiat currency deposits from non-citizens. Their announcement comes ahead of them attaching verified identities to accounts to counter money laundering potential and appease local regulators. If $1,000 is the base support level for Ethereum, then buying around that price is a great place to buy. In fact, with Ethereum being slightly under that number at time of writing, it may very well be time to buy Ethereum. The cryptocurrency has already proven that it can outperform the rest of the market. W Continue reading >>
5 Reasons To Invest In Ethereum
Thinking of putting your money into cryptocurrency? Heres all you need to know Ethereum is part of the exciting cryptocurrencies boom that has taken the world by storm during 2017. Its a decentralised system, the benefits of which include enabling payments to be sent across the internet without the need for a bank or another third party. The overall market cap of cryptocurrencies went up to more than $200bn this year and even hit the mainstream with the trading of the first bitcoin future on the Chicago Board Options Exchange. So, what are the reasons for getting involved in ethereum? Ethereum has wasted no time in establishing itself as the second largest digital currency over the past couple of years. It was the brainchild of Vitalik Buterin who came up with the idea in 2013 when he was just 19. There are now thought to be millions of people setting up crytopcurrency wallets that hold this currency, although arguably its main attraction is the fact third party applications can also run on the network. In a similar way to bitcoin, the valuation of ethereums currency, known as ether, has risen over recent months as people have started to embrace digital currencies. It has been publicly traded since 2016 and the issuance of ether is limited to 18 million per year. At the moment, one ether is worth more than $700. Digital currencies such as ethereum have the potential to shake up the financial system in the same way Uber and Airbnb have done to their respective industries. Trust in traditional markets is low in the wake of the financial crisis a decade ago and people are increasingly comfortable with the online world. The good news is that there are a number of cryptocurrency exchanges that offer ethereum on their platform so you have some choice. The most renowned, Coin Continue reading >>