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Why Is Ethereum Worth So Much

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are The Founders Of Ripple And Ethereum?

How Rich Are the Founders of Ripple and Ethereum? Ethereum cofounder Vitalik Buterin. (Image: Getty) Today marks two records in the altcoin world: Ethereums per-coin value broke $1,000, and the rising value of Ripple supposedly boosted its co-founder Chris Larsen to an estimated net worth of $59.9 billion. Despite a very real speculation bubble around cryptocurrency, these financial gains are mostly on paper, and the two coins couldnt be more different. Unlike the recently cratering Bitcoin, which cant decide if its a currency or a store of value, Ethereum bills itself as a blockchain app platform where transactions are used to pay for decentralized computing power. (The most visible of these apps so far has involved the breeding and trading of digital cats .) Despite its intentions, the coins skyrocketing value has much less to do with enabling trustless apps than the sort of wild speculation that drove a nearly 20x increase in bitcoin over last year. Ripple is significantly less public-facing. Its core proposal is to facilitate fast, cheap transactions, mainly between banks, through a separate but related entity called Ripple Connect. The Ripple coin (XRP) exists independently in the hopes that banks will someday use it via Ripple Connect. It cant be mined as other currencies can, and its worth per coindespite holding the second largest market cap behind bitcoinhas yet to top $4. The stark differences dont end there. Larsen, a man in his late 50s, has a background in financial startups, and Ripples other now-departed cofounder Jed McCaleb is known for p2p software like eDonkey as well as being the original owner of Bitcoin exchange Mt. Gox. Ethereums cofounder Vitalik Buterin is only 23 years old, and dropped out of college after receiving a Thiel Fellowship. More ge Continue reading >>

Crypto Regrets: Your Loss If You Invested At Bitcoin's Peak | Fortune

Crypto Regrets: Your Loss If You Invested At Bitcoin's Peak | Fortune

Things move fast in the world of finance. Two months ago, Bitcoin was red hotto the extent that people were mortgaging their homes to get in on the action. Thats probably not happening much these days, as the plunge in cryptocurrency prices has scared away many casual investors. If you were one of the people who got sucked in by the hype, though, and bought at the peak, deciding what to do has been a wrenching affair. Many people have dumped their holdings. But if you bought Bitcoin, Ethereum, Ripple, or another digital currency at its peak and youre still holding it, youve suffered losses. They may, however, not be as bad as you fear. Heres how much a $1,000 bet on the top cryptocurrencies on Dec. 19, the height of Bitcoin-mania, is worth today. Bitcoin: Bitcoin has taken the most public nosedive of lateand has probably affected the most investors. Since its Dec. 19 peak of $19,140.70, the cryptocurrency has dropped 63% according to CoinMarketCap , so that $1,000 is now worth $370. Ethereum: Of all the top cryptocurrencies, Ethereum has actually held up the best. It continued its surge long after Bitcoin had turned south, peaking on Jan. 14 before gravity finally began to take effect. As a result, its down just 5% since Dec. 19, meaning you would have lost just $50 of that $1,000 investment. If you invested at Ethereums high point on Jan. 14, that $1,000 would be worth just $526 now. Ripple: Like Ethereum, Ripple continued to climb while Bitcoin crashed, peaking on Jan. 4 at $3.37. The fall from grace has been a steep one, though, as the cryptocurrency is well below $1 now. Since Dec. 19, though, its down just 8%meaning youd have $920 remaining from an initial $1,000 investment. (Had you invested the same amount on Jan. 3, itd be worth just $226 now.) Bitcoin Cash: Yo Continue reading >>

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether

Ethereum And The Rise Of The Price Of An Ether {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe The Ethereum virtual currency logo is displayed on an automated teller machine (ATM) at the Coin Trader bitcoin retail store in Tokyo, Japan, on Wednesday, Aug. 30, 2017. The value of Ethereums currrency is increasing alongside Bitcoin and Litecoin, and the price of one Ether is currently at a high of $625.25 USD, according to CoinMarketCap, despite the CryptoKitties drama. 2018 will welcome a range of regulatory requirements and financial institutions are launching new products on the blockchain in order to simplify compliance, and this is where the Ethereum blockchain is becoming increasingly popular. A project named the Massive Autonomous Distributed Reconciliation program (Madrec) was announced this week and will be led by UBS with involvement from Barclays, Credit Suisse, KBC, SIX and Thomson Reuters. For a while now, financial news has been dispersed with updates of how banks are experimenting with cryptocurrencies and this announcement is one of the most recent, after Bitcoin futures began trading. Unlike Bitcoin, however, Ethereum has always been spoken about in a more positive way and has become the second largest digital currency in two years. After being launched in 2015, the value of Ethereums currency, otherwise known as Ether, has increased by more than 6,800% since the start of the year, according to The Telegraph. With Ether being the third most valuable digital currency and the virtual currency with the Continue reading >>

Now You Can Explain Your Friends Why Eth Is Worth Itsvalue

Now You Can Explain Your Friends Why Eth Is Worth Itsvalue

Now you can explain your friends why ETH is worth itsvalue Ethereum, one of the top 3 cryptocurrencies by volume and market capital is worth $900 now! Why does ETH actually has this value is most asked question and this article will explainyou. Ethereum Not a radio active element but equallypowerful Ethereum, as soon as I heard it sounded like a radio active element. But on learning more about it, felt like its more powerful than that. Coz it could make this world a better place with the avoidance of middle men in many controversial areas. Its a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. Its a blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. As we all know, for most of the legal verifications and to ensure a standard set of crucial things to happen following a set of other actions by involved parties we need middle men, a trusted third party who helps to vet the action. But these third parties cost a lot and as humans they could be biased or could be made biased under various circumstances. But if an enormously powerful globally shared infrastructure lets you do this trustlessly no one needs to trust anyone, will avoid the trusted third parties and charges that come along. How cool is that! This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk. Digital Arts & Ownership Importance ofit I wrote in my previous article about the crea 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 >>

Litecoin, Ethereum: Bitcoin Price Surge Leads Alternatives To Gain Huge Amounts Of Value

Litecoin, Ethereum: Bitcoin Price Surge Leads Alternatives To Gain Huge Amounts Of Value

Litecoin, Ethereum: Bitcoin price surge leads alternatives to gain huge amounts of value Litecoin, Ethereum: Bitcoin price surge leads alternatives to gain huge amounts of value Exchanges are finding it difficult to suport The famouslysurging price of bitcoin is pulling up the value of other cryptocurrencies with similarly rapid speed. Bitcoin has risen tremendouslyquickly in recent months, leading to unprecedented interest in the digital currency. Other cryptocurrencies are now seeing the same vast rises, in some cases beating bitcoin. Theinterest in and value of both the ethereum and litecoin cryptocurrencies have surged so much that exchanges are having trouble selling them. Digital currency startup Coinbase, for instance, said that it had been forced to temporarily stop people buying or selling either of the currencies, apparently because of the huge amount of traffic among people wanting to buy them. Designed by Pierpaolo Lazzarini from Italian company Jet Capsule. The I.F.O. is fuelled by eight electric engines, which is able to push the flying object to an estimated top speed of about 120mph. A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore A humanoid robot gestures during a demo at a stall in the Indian Machine Tools Expo, IMTEX/Tooltech 2017 held in Bangalore Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea Engineers test a four-metre-tall humanoid manned robot dubbed Method-2 in a lab of the Hankook Mirae Technology in Gunpo, south of Seoul, South Korea The giant human-like robot bears a striking resemblance to the military robots starring in the movie 'Avatar' and is claimed as a world Continue reading >>

How Do People Give Value To Cryptocurrency And How Is The Price Of Cryptocurrency Defined? | Bitconnect

How Do People Give Value To Cryptocurrency And How Is The Price Of Cryptocurrency Defined? | Bitconnect

Precious metals gain their value/perceived value due to their utility and limited supply, and price is often tied to supply/demand. Supply/Demand is a simple economic factor that affects the price of many things. In some countries Bitcoin and other cryptocurrencies is classed as an asset, in others as a currency. Bitcoin, for example has a maximum of 21 million whole units, divisible 100 million times. With over 7 billion people on the planet, if even 1 billion were to adopt Bitcoin, 21 million whole units would not spread very far without a significant price tag. The supply is also bought in at a constant rate and is unchangeable due to the coconscious rules. This creates a supply that is limited, and thus people will pay more to get the coins they think have value. Block reward halvings, like the Bitcoin halving of 2016 caused the price to slowly increase as the halving approached, due to the reduced supply of new incoming coins imminent. This can affect the price of many cryptocurrencies, but in the case of Litecoin, did not even make a major dent in the price. The energy put into securing blockchains can be intensive. In the case of proof of work (POW) blockchains which are the most popular form, electricity usage can be intense. In the case of Bitcoin, the blockchain uses as much energy securing it at present as a small country uses. This has a factor on the price, as it takes a certain amount of energy on average to mine one Bitcoin. This goes up with difficulty increases. The more secure the blockchain and the higher the mining difficulty , the higher the perceived value and price and the harder the coins are to get through mining. This can have an impact on price and ties in with the energy usage above, in the case of proof of work blockchains such as Bitcoin a Continue reading >>

Ethereum: What Is It And Whats It Worth?

Ethereum: What Is It And Whats It Worth?

Ethereum: what is it and whats it worth? John Phillips/Getty Images for TechCrunch Ethereums 24-year-old Russian founderVitalik Buterin Cryptocurrency investors have over a thousand digital coins to choose from in todays market but only a select few consistently find themselves at the top of the pile. One of those virtual currencies is Ethereum, which has been playing second fiddle to bitcoin since joining the market in 2015. The cryptocurrency was one of the standout digital tokens at the start of the year, says The Daily Telegraph , after it jumped from a value of around 340 per coin in December to over 1000 in mid-January. Prices have since tumbled due to a number of policy changes, such as South Koreas ban on anonymous cryptocurrency exchanges in February, but Ethereum is still the second most valuable virtual coin in existence. Here are some key facts about bitcoins closest competitor: Much like bitcoin and other digital currencies, Ethereum is a virtual coin that allows for anonymous transactions online. The cryptocurrency was created by the Russian-born programmer Vitalik Buterin in 2013, when he was just 19 years old, says Wired , and was listed on public exchanges two years later. Buterinestablished Ethereum as an open-source alternative to bitcoin, meaning that third parties could use the technology for stocks, bonds or even deeds to houses. The cryptocurrency is decentralised, says Digital Trends , meaning the digital tokes commonly referred to as Ether arent held or regulated by a single company or bank. Instead, Ethereum tokens can be purchased, stored and used for anonymous transactions by the individual. Ethereum is based on blockchain technology, an anonymous online list that logs all the cryptocurrencys digital coins in existence and who owns them. The Continue reading >>

The Word Thats Worth 100 Billion Dollars. A New Narrative Foreth.

The Word Thats Worth 100 Billion Dollars. A New Narrative Foreth.

| 3rd Mode Ventures | Better Assets for a Better World | Everything that can be tokenized, will be. Every thing can be tokenized | The word thats worth 100 Billion Dollars. A new narrative forETH. Ethereum is processing more daily transactions than all other blockchains combined. Were not far from 2X Bitcoins transaction volumes. Its likely that Ethereum will be the www of blockchains. Unlike the web, however, you and I can own a piece of this next internet. Pretty cool. As a private investor, with ETHs valuation at only 25% of Bitcoins, Ether is my pick for most undervalued liquid asset going into 2018. In this post, Ill explain why it is that ETH is undervalued and what needs to happen before that changes. ETH vs BTC over 12 months. At todays all-time high, ETH has still lost 62% vs BTC since the ratio peaked in June. Source: Coingecko ETH is misunderstood by crypto-currency traders, speculators and investors (i.e. everyone with BTC.) Why? The team behind Ethereum are brilliant technologists but have a blind-spot in marketing (outside of tech industry evangelism.) ETHs narrative is the problem. It goes back to Ethereums launch to the story that was told to explain Ethereums power over Bitcoin. To differentiate ETH from BTC, on launching Ethereum, Vitalik repeatedly explained; The Ethereum blockchain is not a crypto-currency. While not untrue, in trying to create awareness for the power of smart contracts, Vitalik has down-played cryptos primary use case. Too much. Ethereums low valuation is a result of successfully differentiating smart contracts from cryptocurrency. Wall Street simply took note of Ethereums positioning and assigned their capital accordingly to the blockchain that specialised in being (nothing but) a currency. So what? Currency is a boring/capitalist Continue reading >>

Ethereum Price Seemingly Heads To Sub-$400 As Bears Scare Off Bulls

Ethereum Price Seemingly Heads To Sub-$400 As Bears Scare Off Bulls

Even though all cryptocurrency markets are suffering from bearish momentum, some worrisome trends are emerging. The Ethereum price, for example, has lost nearly 20% in value over the past 24 hours. Such a steep loss is not entirely surprising, given Bitcoins downtrend, yet it seems Ethereums reign of being the second-largest cryptocurrency may come to an end pretty soon. Even though the year 2017 has created a very bullish Ethereum price scenario, it seems most of those gains are being wiped out as we speak. Whereas one Ether was almost worth $1,400 just a few months ago, it is not losing value quicker than virtually any other coin on the market. All of this further confirms the flippening will not happen anytime soon. Ever since January 15th has come around, we have seen the Ethereum price dip lower and lower nearly every week. This past week has been extremely bearish for al cryptocurrency markets, effectively pushing the Ethereum price down from $725 to $466. Whether or not that latter value is the new bottom, remains to be seen, but right now, it seems things will only get worse from here on out. It is unclear why the Ethereum price is declining so much. While ETH loses value against Bitcoin like most altcoins it seems to do so in a far more spectacular fashion compared to other currencies. The last 24 hours alone saw a decrease in the ETH/BTC ratio by a whopping 13.32%. With almost $2bn in 24-hour trading volume , Ethereum remains one of the most liquid markets in all of cryptocurrency as of right now. This is a positive sign, although the current volume is mainly made up of sellers looking to push the Ethereum price down even further. If this trend keeps up, we will see Ether drop below $400 before the day is over. A worrisome outlook, although it is only normal, 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 >>

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How To Beat Fomo: What Are Bitcoin & Ethereum Worth In2020?

How to beat FOMO: What are Bitcoin & Ethereum worth in2020? 6/13/17 Edit: updated with feedback from a few Redditors Its been a big year for cryptocurrencies, with the total market cap for crypto jumping 6x since January 1st - from $18B to over $111B as of June 13th. The FOMO (fear of missing out) is real. New money is entering the market at a staggering rate - to the degree that many exchanges have had problems on-boarding and verifying their new customers to keep up with demand. These new investors are coming in droves after hearing about sky-high returns from a friend or friends friend or a friend of a friends friend. Once theyve gotten through the verification process on Coinbase or Gemini or Kraken, they execute their first market order and the rush of the cryptocraze washes over them. To the MOON! Then price drops by 10%, our new investor freaks out, convinces themselves that theyre hardly ever right, that ETH or BTC is going to $0 and that they should just cut their losses. They panic sell, adding fuel to the micro-bear run and the price continues to drop. Whew, that was close. Got out just in time. A short time later, they see that the price is not only retracing back toward their entry price, soon theyll realize that it will exceed it. They just bought high and sold low. They leave the market. Recent moments of FOMO in BTC & ETHtrading Weve seen this play out a number of times this year, and as an investor myself, I too get concerned when I see the price of ETH & BTC begin a FOMO trend. Ive seen the value of my portfolio drop by 2050% in hours. However, in order to counteract FOMO and any knee-jerk panic selling reaction I might have, Ive done two things: First, Ive taken my coins off of the exchanges. This prevents me from having my finger on the trigger and Continue reading >>

Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money

Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money

For the second time in less than three weeks, cryptocurrencies suffered a major correction. The 16 largest cryptocurrencies all saw major price declines over the past 24 hours, according to data from Coinmarketcap.com. Ripple, the third-largest digital currency, saw its price fall as much as 39% at one point. Bitcoin, the granddaddy of the crypto universe, saw its price fall as much as 14% on Monday. And Ethereum, the second-largest cryptocurrency which has gained in p opularity among businesses , dropped 12%, before rebounding somewhat. The question is why? Market watchers say you can point to one of three reasons: Investors are pointing to South Korean regulators as a possible reason for the latest declines. One of the greatest strengths but lurking weaknesses of cryptocurrencies is that they are largely unregulated by governments. This allows people to use them anonymously, which is also why criminals have taken to the online monetary system. But that means any whiff of new government oversight can make investors nervous. Last month, the South Korean government said it would increase its oversight of the digital currency market by banning anonymous crypto accounts and providing measures to shut down exchanges, if needed. And on Monday, South Korean officials inspected six major local banks, reviewing the institutions anti-laundering measures in connection with cryptocurrency trades. This spooked the global markets. We need regulators to look into the space more closely, the Korean exchanges have become crazy in terms of price differences so these regulatory actions would help the price stability, Naeem Aslam, chief market analyst at TF Global Markets told Bloomberg. Because it accounts for 35% of the total crypto market, Bitcoin is by definition the most influential Continue reading >>

8 Answers - Why Does Ether (ethereum) Have Value? - Quora

8 Answers - Why Does Ether (ethereum) Have Value? - Quora

What could be a good reason to start investing before 2018? ETFmatic offers free investing accounts until April 2018 if you fund your account before December 31! Originally Answered: What factors will determine the value of ether and ethereum? Like Bitcoin, the fiat value of ETH is determined by those who buy and sell it alone. The currency is used to pay for smart contracts within the Ethereum network, so one might say that Ether tokens are backed by the value that these smart contracts provide. So far (June 2016), nearly all value is speculative as smart contracts have not yet found a killer app. WePower - blockchain based green energy trading network. WePower token is backed by green energy. Token grows with platform expansion. Backed by biggest funds. Originally Answered: How do we value something like Ethereum? How do we value things in general? Intersubjective value theory holds that you probably factor in predictions. Predictions on what your future will look like with or without the trade, predictions what others will think your future will look like with or without the trade, predictions on what the future of others might look like if they made the trade or didnt. Heuristically, you look at what everybody else is giving up (price) compared to your opportunity costs (costs). Value comes from evaluations between things, in addition to evaluation of others between these things, not the thing itself. Continue reading >>

Cryptocurrencies Bitcoin, Ripple, Ether Lose $500b Since High | Fortune

Cryptocurrencies Bitcoin, Ripple, Ether Lose $500b Since High | Fortune

For comparison, that loss is roughly equal to the value of Berkshire Hathaway , the $510 billion firm built by investing titan and Bitcoin skeptic, Warren Buffett . Those losses for cryptocurrencies are notably not since Bitcoins peak in December, when it reached $20,000 on some exchanges. Rather, thats nearly $500 billion lost based on when those 1,565 cryptocurrencies tracked by CoinMarketCap collectively reached their all-time high in valuation. For the most part however, the smaller, so-called alt-currencies have largely followed the up-and-downs of Bitcoina trend that the most recent sell-off has maintained. And as far as one Bitcoin bull is concerned, the slide may have further to go before its comeback. When sentiment is this weak, the market is increasingly fire, ready, aimmeaning, any headline today is likely to trigger selling, wrote Thomas Lee, Fundstrat Global Advisors managing partner, in a note early Thursday. That comes as the price of Bitcoin reaches about $8,000, down 7% in the last 24 hours. Similary, the price of Ethereum dropped 9% below $600, while Ripple fell to 68 cents, falling about 8% during the same period. How much further might Bitcoins value fall, according to Fundstrat? Based on back of the envelope calculations and estimates from Fundstrat, Bitcoin valuation could shed another $37 billion in the near future, falling to about $99 billion in market capitalization. Thats based on technical analysis (an investing strategy with both its pros and cons ) from Fundstrat technical strategist Robert Sluymer, who wrote in that same note: Our expectation is Bitcoin will begin to show evidence of bottoming short-term closer to $5,873. After which, presumably, investors would once again buy in, allowing the cryptocurrency to bounce. But not all are so Continue reading >>

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