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Should I Buy Ethereum 2017

Should You Buy Bitcoin Or Ethereum

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 >>

If You Needed A Great Reason To Avoid Bitcoin And Ethereum, This Is It

If You Needed A Great Reason To Avoid Bitcoin And Ethereum, This Is It

If You Needed a Great Reason to Avoid Bitcoin and Ethereum, This Is It A recent flash crash just cost digital currency investors a boatload of money. This article was updated on Dec. 5, 2017, and originally published on June 26, 2017. You're not supposed to be able to throw a dart at an investment and make a lifetime's worth of money in a matter of months, but that's exactly what it's been like for investors in digital cryptocurrencies bitcoin and Ethereum. Bitcoin has rallied from around $225 per coin in August 2015 to over $11,000 as of early December 2017, while burgeoning digital currency Ethereum has risen from $7.98 at the beginning of the year to roughly $460. In terms of percentage gains, Ethereum's performance actually trumps that of bitcoin. By comparison, it has taken the S&P 500about60 years to return the roughly 5,700% that Ethereum has in a matter of 11 months. Here's why cryptocurrencies have been unstoppable in 2017 What on Earth is driving these phenomenal returns? I think it would be fair to argue that emotions and thinly traded exchanges are helping in a big way. Whereas reputable stock exchanges, such as the NYSE, have machine-assisted trading tools and tens of millions of people and institutions investing daily, bitcoin and Ethereum's trading platforms aren't centralized, nor are there institutions "making a market" in these digital currencies. A more thinly traded environment allows momentum and emotion to take form much easier than in the stock market. It would also be fair to say that time in the limelight has helped all types of cryptocurrencies. A recent example is the WannaCry ransomware attack that prompted affected users to pay a ransom to have their computer unlocked. However, this ransom could only be paid in bitcoin. National attention h Continue reading >>

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's

2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>

Buy Ethereum In 2017

Buy Ethereum In 2017

After more than eighteen months reading (almost) constantly about crypto currencies, I think that the entire space can be reduced to the four best opportunities for investors. There are currently more than 600 crypto currencies, so I have not investigated them all, but from everything I have seen, there are a few to be interested in. I have mentioned the first and leader, Bitcoin, elsewhere on this blog. Of the remaining three, Id like to highlight a second coin today. It is called Ethereum and plans to be the first distributed global computer. The best way that I can personally describe Ethereum is as a business layer. It also has plans to create usable smart contracts that will be verifiable and secured via the blockchain. This has the potential to be incredibly disruptive (web hosting, law, financial services, real estate and on and on). Where Bitcoin is designed to be a currency, Ethereum is a platform that will appeal to a very wide range of businesses and Ether / ETH (the coin) will be the money used to power and secure it. You might want to just Google it and do some reading Im not going to kid around here, there is a lot of very complex terminology to understand if you plan to dive in. The learning curve is very steep. For example, I have just spend the last hour trying to understand this discussion about the expected issuance and inflation rate. Phew! This complexity is not helped by it being at such an early stage, which means that the space is dominated by developers who might understand the topic and each other, but they are not as a breed generally very good at accessible communication. You have been warned. A systems admin friend and I (mostly him) tried to mine Ethereum ourselves in January and February 2016. Those were the very early days. Despite all t Continue reading >>

Is 2017 The Right Time To Buy Bitcoin Or Ethereum?

Is 2017 The Right Time To Buy Bitcoin Or Ethereum?

The cryptocurrency market is only a few years old and a very small percentage of the human population is involved or aware of it. Its like the internet in the early 90s so were just getting started here. Youre not late even if its 2018 or 2019. Bitcoin was at $5000 on 2nd of September. Analysts are expecting Bitcoin to reach $5000 again by November and stabilize at that price. Its also expected that the price will be at $8000 by next year. There are so many reasons that helped Bitcoin hit a new milestone. First, the adoption rate of Bitcoin and other cryptocurrencies has increased rapidly this year. After the Bitcoin hard-fork which took place beginning of August, many traders exchanged BCH with BTC. This helped dramatically in increasing the price to the $5000 mark. One Bitcoin was sold at $0.08 in July 2010. When Bitcoin was released nobody believed in it and people said that it would fail. Today Bitcoin is at $4300 and still, there are people who say that its going to fail and its a fraud. Note: Invest the amount of money that you can afford to lose. Content Director For Cryptosomniac (Cryptocurrencies) #1 Cryptocurrency FaceBook Group: Log into Facebook | Facebook I think Ethereum is the cryptocurrency with the most potential. And if you have money that you want to invest I think it is the right time. Smart contracts are a true killer feature. Something that can change the world. Nobody has any idea of all the possible applications of a such disruptive technology. We have seen p2p loans, digital decentralized autonomous organization (DAO), and ICOs, but it is only the beginning. In fact, Ethereum is still in development. Its code is evolving fast, due to a very competent and reactive dev team. With each update it becomes more trustworthy, more efficient and more un Continue reading >>

Should You Invest In Ethereum?

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 >>

How To Invest In Ethereum (and Is It Too Late)

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

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 >>

Why Bitcoin Is Worth $0, $20,000, $200,000, Or $

Why Bitcoin Is Worth $0, $20,000, $200,000, Or $

Why Bitcoin Is Worth $0, $20,000, $200,000, Or $ Opinions expressed by Forbes Contributors are their own. LONDON, ENGLAND - DECEMBER 07: A visual representation of the digital Cryptocurrency, Bitcoin on December 07, 2017 in London, England. Cryptocurrencies including Bitcoin, Ethereum, and Lightcoin have seen unprecedented growth in 2017, despite remaining extremely volatile. While digital currencies across the board have divided opinion between financial institutions, and now have a market cap of around 175 Billion USD, the crypto sector coninues to grow, as it continues to see wider mainstreem adoption. The price of one Bitcoin passed 15,000 USD across many exchanges today taking it higher than previous all time highs. (Photo by Dan Kitwood/Getty Images) The first time I wrote about Bitcoin (BTC)-- the electronic currency used to buy and sell illegal drugs (think Silk Road ) and other productsthrough an anonymous public electronic ledger -- was in June 2011, a few days after its price dropped from $17.50 to "a few pennies" after its Tokyo-based currency exchanger Mt. Gox was hacked. By February 2014, the last time I wrote about BTC, the price had risen to $556 -- valuing the 12.34 million BTC at $6.9 billion. But these days, you have to pay $17,000 or $16,000 per BTC -- making the so-called cryptocurrency worth a mere $268 billion . With the imminent launch of a BTC futures exchange on the CBOE , is there any logic on which to base BTC's value in dollars? As someone who wrote a book, Net Profit ,about investing in Internet stocks before the dot-com bubble burst, I have thought about whether it is possible for anything real to emerge from speculative bubbles. And that experience leads me to two theories that can justify setting a price for BTC anywhere between $0 and Continue reading >>

How To Buy Bitcoin, Ethereum

How To Buy Bitcoin, Ethereum

You've seen all the headlines about bitcoin and other cryptocurrencies rising in value. Maybe you want to get in on the game. But how do you even start? We'll show you. Before you do this, though, you should note that bitcoin isn't universally accepted like regular currency. My colleague Seema Mody published a great video recently where she tried to live a week on the currency, and it wasn't easy. You can use bitcoin online and at some retailers, but for the most part you're still better off just paying with cash or a credit/debit card. You should also be aware that bitcoin is more like a speculative investment than a regular currency, and can fluctuate wildly in value. Although the overall trend has been up in recent months, but crashes of 20 percent or more in a few days are historically not uncommon. Still interested? Here's how to get started: You'll need to agree to terms and enter the state you live in. Now you're logged in. Look at that dailyvolatility! Again, the price of a single bitcoin tends to be pretty volatile, skyrocketing one day and collapsing another. It is a speculative investment. Tap the "buy" button at the bottom of the screen to add a payment account. Credit and debit cards allow instant buys but only let you purchase $150 in Bitcoin per week. Linking a bank account can take 4 to 5 days to trade, but you have higher buying limits. You're ready to buy. Tap the Buy button again. This time you'll see a screen showing your account information. Since I'm using a credit card, I can only buy $150 worth per week. If I buy $100 right now at the current $2708.51 price, I'll get $0.03692073 Bitcoin. There's a $3.99 fee. Now I just tap the Buy button again. A phone showing an ethereum price chart on the Coinbase exchange platform. You can use the same app to Continue reading >>

Should You Buy Into Bitcoin? Here's What Top Investors Say

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

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 >>

Everything You Need To Know About Ethereum

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 >>

How To Buy Bitcoin And Ethereum

How To Buy Bitcoin And Ethereum

Every product here is independently selected by Mashable journalists. If you buy something featured, we may earn an affiliate commission which helps support our work. If you've seen the incredible upward momentum of Bitcoin, Ethereum, and other cryptocurrencies, you've maybe also considered getting in on the action. Now, you're gonna learn how. But first, a disclaimer: Bitcoin, Ethereum, and so many of the other cryptocurrencies out there can be a way to pay for stuff online, sure. And they can also be (if they aren't already more popular as) investments. And investments, you might know, can go up and down. You can gain money on them, or lose it. And those values can fluctuate wildly, as you might've also seen lately. To put it simply: proceed with extreme caution. We're not here to tell you whether or not you should buy it, just to show you how you can pull it off. That said, the rise of cryptocurrencies are an exciting moment for technology, and even if you don't want to actually buy any, it's worth knowing how it all works. Let's begin where any investment startsin your own wallet. Just like depositing money in the bank or buying a stock, you keep your cryptocoins in a digital account known as a wallet, which lets you store, receive, and send them. But it's a bit more complicated than that, and there's some serious notes of precaution to be aware of with a wallet. Cryptocurrency won't just magically appear in your wallet out of thin air. You've gotta buy it, first. There are several ways to do that, but the easiest is to exchange a fiat currencydollars, euros, pounds, etcfor some cryptocurrency. And the easiest place to do that is at an exchange. Think of a cryptocurrency exchange as a stock market for crypto. You register for it, deposit your fiat currency of choic Continue reading >>

Is It Too Late To Invest In Ethereum

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 >>

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