Did you miss the opportunity to become a million from Bitcoin, though its price is currently dropping, don’t worry, there’s still time for you. Are you looking for a workable and possible investment that will earn you huge returns, then this post might give you what you want. Ethereum is there for you.
Around this time in 2017, bitcoin was traded for about $1000, and close to the end of the same year, the coin recorded all-time high of $20,000. Though closed the year with around $15,000. Well, we are not talking Bitcoin here as many are getting scared of it due to its drastic drop in value. Though that shouldn’t be a problem as it will rise again. Another good and profitable coin is the Altcoins, howbeit we are talking about Ether.
Ethereum is fast becoming a great stellar in the world of cryptocurrency. It has grown to become the second prime digital currency in just over two years and still growing fast. It’s already taking over Bitcoin in some trading platform, especially with new ICO launching/Crowdfunding.
What is Ethereum?
Ether is the second most valuable cryptocurrency, with only Bitcoin in front in terms of market value. The technology it runs on is called the Ethereum Blockchain, which was first described by the then 19-year-old bitcoin programmer Vitalik Buterin in 2013; and the purpose of Ethereum is to be a platform on which smart contracts can be built and run.
What are Ethereum Smart Contract?
Smart contracts are programs that execute exactly as they are set up to by their creators.
How do I Get Ethereum?
Just like fiat currency (regular), you can earn it by offering goods or services, and requesting Ether as a means of exchange. This is a bit cheaper and easier alternative to other payment methods, and one of the easiest ways to get your hands on some Ether.
Another way is how most people get it: buy Ether from a credible Ether broker, or from and exchange provider.
How Can I buy Ethereum?
You can buy Ethereum from Luno (accepts Nigerian Naira ₦) Or if you have a blockchain.info account, you can convert your bitcoin to ether directly from your block chain account.
The current price of Ethereum is $1223 (₦443,128) but crypto analysts predicted that the price of Ether is expected to hit $5,000 before the end of 2018. This simply implies that if you have one 1 Ether, in few months, you could be a great man. Well, you don’t need to have to one before you start.
December last year, Ethereum was $442 and as at the time of publishing this post, it is valued at $1223. So in three months from now, the value would have triple.
How Can I Sell my Ethereum?
You can easily sell your Ethereum on Luno and collect the Naira equivalent directly to your bank account or if you want it the easier way. There are lots of bitcoin/Ethereum merchants that accepts it too.
Note that the best form of investment you can do this January is investement into Crypto-Currency.
Can I Trade Ethereum and other Altcoin?
Yes, you can trade Ethereum, and other upcoming Altcoin, Electroneum on Binance, coinexchange, hitbtc etc. You can register for a free Binance account here.
Remember, If you control about 2 bitcoin when the price was $1020 last year, by now you should have about $22,000 (N8030000) with you.
This is the time to hit it.