Ethereum was designed to be a platform that executes smart contracts. The price of ethereum has risen from around $10 in January 2017 to over $1000 in December 2017, meaning it’s become one of the most valuable cryptocurrencies. In this article, we’ll discuss whether it’s worth investing in Ethereum or not.
Ethereum is a good long-term investment, but you should still be careful as it remains volatile.
Ethereum is a good long-term investment, but you should still be careful. Ethereum has been around since 2015, and it’s one of the most popular cryptocurrencies on the market today. But like bitcoin, ethereum isn’t an investment for the faint-hearted: you should only invest what you can afford to lose and be prepared to hold it for at least a year.
That said, the price of ether (the currency unit of ethereum) has been volatile in recent months—but if you’re looking for a cryptocurrency that could potentially increase in value over time, ether might be your best option. Here’s why:
- Ethereum is more secure than Bitcoin: Because there are so many people using Bitcoin to buy things online every day, its network is constantly under threat from hackers who want to steal people’s money. In contrast, because there aren’t as many people using Ethereum yet (it launched in 2015), there aren’t as many attacks on its blockchain either—so far at least.* You can use ETH to pay for things: While some cryptocurrencies are only used by speculators looking to make money through short-term trades or mining operations (which require specialized hardware), others like Ether allow users access real-world applications where they can spend their digital tokens at physical locations with ease.* You need wallet software installed on your computer or mobile device before buying ETH; this includes desktop apps such as Jaxxand Exodusand mobile wallets like Coinbase Walletand Trust Wallet.
- You can use ETH to buy other cryptocurrencies: Because Ethereum is the world’s second most popular cryptocurrency, it’s possible to use Ether as a base currency when buying other coins from an exchange like Coinbase. This helps users avoid making multiple transactions with fiat currencies (like USD or EUR) in order to build up their portfolios.* You can store your ETH in a wallet app on your phone or computer: Most people who are new to cryptocurrency will want to keep their tokens somewhere safe while they’re not using them; this could be something like a hardware wallet or simply keeping private keys on a piece of paper.
- You can use ETH to buy real-world goods and services: Some cryptocurrencies like Ether allow users access real-world applications where they can spend their digital tokens at physical locations with ease. For example, some online retailers accept Bitcoin as payment for their products and services; however, it may be easier to spend Ethereum due to its wider acceptance by businesses overall.* You need wallet software installed on your computer or mobile device before buying ETH; this includes desktop apps such as Jaxxand Exodusand mobile wallets like Coinbase Walletand Trust Wallet You can use ETH to buy other cryptocurrencies: Because Ethereum is the world’s second most popular cryptocurrency, it’s possible to use Ether as a base currency when buying other coins from an exchange like Coinbase.
- You can store ETH on an exchange: Some cryptocurrency exchanges like Coinbase and Binance have their own wallets where users can store their digital tokens offline. This is a great option for traders who want to keep their money safe from hackers or other threats while not actively trading. You can use ETH to buy physical items: The Ethereum blockchain allows for the creation of smart contracts; these are essentially digital agreements that allow people to exchange goods without any middleman needed.
All the above makes it possible to use ETH as a means of payment for physical goods, such as tickets, plane tickets and more. You can earn ETH through mining: Anyone with a computer can mine Ethereum by connecting it to a network like the Ethereum blockchain and contributing their computing power towards solving complex math problems.
This is a resource-intensive process, but it can be profitable if you have the right equipment. You can trade ETH for other cryptocurrencies: As one of the most popular cryptocurrencies available today, Ethereum has a market value that’s nearly six times larger than bitcoin’s. This means that if you want to buy other coins like Ripple or Litecoin with fiat currency like USD or EUR, then ETH may be your best option.
You can use ETH to buy other cryptocurrencies: As one of the most popular cryptocurrencies available today, Ethereum has a market value that’s nearly six times larger than bitcoin’s. This means that if you want to buy other coins like Ripple or Litecoin with fiat currency like USD or EUR, then ETH may be your best option. You can use ETH to pay for goods and services: The Ethereum blockchain allows for the creation of smart contracts; these are essentially digital agreements that allow people to exchange goods without any middleman needed. This makes it possible to use ETH as a means of payment for physical items such as plane tickets and more.
Investing in Ethereum is a good long-term investment, but there are risks. Make sure you understand them before putting any money into this cryptocurrency.
