Ethereum price rises. Should you buy Ethereum?

Buy Etherum - Chart
Buy Etherum - Chart

The Ethereum price was rising for the last months. Like the Bitcoin, many people are buying Ethereum theese days without knowing Crypto-Technology at all. In this brief overview I will show you, which chances and risks wait for you in the crypto-market and why I prefer going into the platincoin.

The Ethereum price rises. Should you buy Ethereum?

When the Ethereum was stared, you were able to buy the Coin at the prelaunch for only 0,28$ per Coin at the 30th of July 2015. After that, the price rised within one Year to over 8$. In the last months we’ve seen the next jump from 8$ to 400$ in only a few months. On a percentage basis, the Ethereum value multiplied 2857 times in the first year (0,28$ to 8$). After one year without change, it multiplied again 50 times. (8$->400$). Additionally, the risk of losing value increases.

Buy Ethereum?

As you can see, the big revenues are already shared between those, who invested at the beginning. So for me, the Ether is a nice Coin to increase the diversification of my portfolio. For the big winnings, I will take my chance at the best performing Coin-Prelaunch.

What is Ethereum coin?

Like Bitcoin, the sysem of Ethereum is based on the blockchain technology and on a dezentalised computing system. Wih automated processses, so-called smart contracts, you can apply different self enforcing conditions on the transfer of the Ethereum Coin, which is called Ether. This way, you enhance the Bitcoin-Technology where you only can transfer the Coins.

While the smart contracts are a big advance to the Bitcoin, it’s not a big deal if you look at the other crypto-systems establishing at the market. Due to one single mistake in those smart contracts an unknown person destroyed 3.6 million Ether. So you have to be careful with the smart contracts and only use them, if you know what you do.

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What affects the value of Ethereum?

The Ethereum value is only based on the behaviour of the investors. Since there is no real value supporting the Ether, the price can go down as fast as it rises. The growth of the value is only depending on the following questions:

  • How many people use the Ethereum? (For real transactions, not only for investing)
  • How stable are the systems and providers working?
  • What is the price of the Bitcoin?

With the price of Bitcoin surging many people think it’s a guarantee for the Ether to rise too. In my opinion, the Ethereum lacks of some great Tools:

  • If you could pay offline, many people would use it likely to real money
  • If there was a bigger crowd of users, the coin would increase massively
  • If you would support the Coin by attached businesses or real values, it would increase and be stable in value.

These points helped me with my decision not to invest too much money into Ethereum and go for the Platincoin instead (which provides all those points).

How to buy Ethereum

To buy Etherium you have to registrate at one of the exchanges. Since Coinbase hast the biggest daily volume you get the exact daily prices. Watch the prices and the charts to make sure not to pay too much. Crypto Coins have a wide price range and can differ for over 20% per day.

Another way to earn money with Ether Coins is to use automated trading platforms. To do so, I use Ethtrade. Ethtrade provides a trading bot, which buys when the price is low and sells when it goes up. So you make a high daily profit by using the different prices.

Ethereum mining

Another possibility to get Ether is to mine them. Since in the most countries of the world it’s too expensive to build up great server farms, the best way for mining is to find a good provider that does the mining somewhere in asia.

A quite new but very cheap provider for life-time mining pools is Kryptogold. With only 50$ you are able to get a mining pool for Bitcoin, Ethereum or many other Coins of your wish.

Ethereum Review: Should you buy Ethereum?

Summarising, i have to say that Ethereum is for sure the biggest alternative Coin at the moment. Thats the advantage as well as the disadvantage since you wouldn’t be able to make the profits you would get with a new Coin.

At the other hand it’s quite easy at the moment to mine the Coin with Kryptogold or other providers. So this could be a nice way to have a little investment and receive some Coins out of the life-time mining pool. That’s the way I use. I will not buy additionally Ether Coins, because I see the whole future of the Crypto-Market in Platincoin. Here you can pay offline, have a giant crowd already in the prelaunch and you can get Coins for only 0,12$ per Coin. Here you find my review about the Platincoin.

 

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