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Bubble Or Not: Should You Buy Ethereum?

Published on 24 January 18
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It has been said that everybody is running to the сryptocurrency world to get their piece of the pie. But will this interest be sustainable? After the observed reactions in the fiat currency space, even more people put their trust in cryptocurrency as they consider it a safer option. Ethereum is also benefiting from all the people making use of Blockchain technology. But here comes the big question - Is Ethereum safe? Could this be a potential bubble? Or should you use the emerging opportunity and buy Ethereum now?
What is a cryptocurrency bubble?
You might be thinking what a bubble in cryptocurrency is. This is a situation or a time period where a lot of transactions are processed and the price of the currency is doing exceedingly well. As the Ethereum market grows and becomes more mainstream, the speculation against fiat currencies is tested. This opens up huge investment opportunities that will expand the market for cryptocurrency a lot more.
Will this huge influx in the soaring rates be sustainable? Will they be able to sustain any crashes in the currencies? Because of the easy programming and understandable Blockchain technology, there are many new cryptocurrencies coming to the surface. And people that like to compete in large trades will surely try these new investments as well. They might decide to invest all their money into the new cryptocurrencies to get an early start on the great concept.
Ethereum and ICOs
ICO is a popular fundraising method, which allows developers to release new technological ideas that are normally linked to a new coin or currency issuing.
This is exactly what happened to Ethereum. It originated as an idea for a new Blockchain type which will have its own cryptocurrency and tokens to be sold. There was a presale of the tokens for the Ethereum network long before it was launched in 2015. Investors bought the idea, and this is how Ethereum received the sponsors to start a new coin called Ether. The crowdfunding for this network was successful, which has led to the release of the Ethereum Blockchain network in July 2015.
This is exactly what the ICO should be used for. To bring in new ideas and raise enough funds to make it a reality, and most importantly, to make the project strong enough so that it is competitive in the already overcrowded financial currency world.
How do ICOs impact Ethereum now?
Most of the new ICOs are all technologically inclined and have to do with some form of Blockchain application, service offering or opportunity. In the event that a new ICO is made public, the community can start to invest in the new crypto coin, which will cause growth. Because of the exceptional technology Ethereum offers and its technical involvement in Blockchain, Ethereum has been utilized as the powering platform for new ICOs and Ether was a method of payment to pay for the services including the developers of the new technology.
Ethereum has made Blockchain flexible enough for different ICOs to run on top of it. No new codes or Blockchain types need to be developed as they are able to use the existing Blockchain. As the ICO increases in popularity, the price of Ethereum will also be affected positively. This allows Ethereum’s price to go up, and it becomes an even stronger contender for the leadership than it previously was.
Why should you buy Ethereum?
Ethereum has earned its second place on the cryptocurrency list. This was one of the most innovative technological investments and is now reaping the fruit thereof. Almost 10,000% growth was seen in Ethereum throughout 2017 and it is continuously growing as the use of Blockchain applications increases. Because the supply of Ethereum is not limited, the trade of Ethereum will never stop.
There are, however, three main reasons to buy Ethereum:
  • Ethereum manages and runs much more applications than Bitcoin. It also takes less time to complete a transaction on the Ethereum Blockchain - currency is running at a rate of 12 seconds to complete. So far, it is the most advanced platform to manage the applications on and compatible with any business or program.
  • Ethereum is trusted by many corporate companies and is one of the strongest business models you can work with. Many major companies have incorporated the use of Ethereum into their business by turning to Ethereum as a currency and a network. The built-in smart contracts are one of the best inventions to save time and money, so corporates are making use of this opportunity to enhance their business.
  • Many financial institutions have started to use Blockchain technology. This makes the process of buying a house, investing and many other financial procedures so much easier without the unnecessary middleman to clinch the deal. This also provides more security and stability to networks and clients. Besides, with Blockchain entering the financial space, users will experience less downtime and will not depend on servers to be functional.
How to buy Ethereum
There are a few ways you can get your hands on Ethereum. The most widespread way is using the cryptocurrency exchanges like CEX.IO - you can just sign up and create your account to grasp the opportunities for trading and investing. You will need to deposit funds to your account by using either a credit card or a bank transfer, and then simply buy Ethereum. Once you have it, you can decide if you want to trade or just keep it as an investment.
Always make sure that you are using a website with a secure SSL connection to avoid being defrauded and losing everything. Secondly, never put yourself in a position where it becomes an obsession to watch the trading rates the whole day. Set up your account with the necessary buying and selling price limits - this will enable you to buy or sell once the price reaches a certain level. And above all, be responsible when buying any cryptocurrency.
It has been said that everybody is running to the сryptocurrency world to get their piece of the pie. But will this interest be sustainable? After the observed reactions in the fiat currency space, even more people put their trust in cryptocurrency as they consider it a safer option. Ethereum is also benefiting from all the people making use of Blockchain technology. But here comes the big question - Is Ethereum safe? Could this be a potential bubble? Or should you use the emerging opportunity and buy Ethereum now?

What is a cryptocurrency bubble?

You might be thinking what a bubble in cryptocurrency is. This is a situation or a time period where a lot of transactions are processed and the price of the currency is doing exceedingly well. As the Ethereum market grows and becomes more mainstream, the speculation against fiat currencies is tested. This opens up huge investment opportunities that will expand the market for cryptocurrency a lot more.

Will this huge influx in the soaring rates be sustainable? Will they be able to sustain any crashes in the currencies? Because of the easy programming and understandable Blockchain technology, there are many new cryptocurrencies coming to the surface. And people that like to compete in large trades will surely try these new investments as well. They might decide to invest all their money into the new cryptocurrencies to get an early start on the great concept.

Ethereum and ICOs

ICO is a popular fundraising method, which allows developers to release new technological ideas that are normally linked to a new coin or currency issuing.

This is exactly what happened to Ethereum. It originated as an idea for a new Blockchain type which will have its own cryptocurrency and tokens to be sold. There was a presale of the tokens for the Ethereum network long before it was launched in 2015. Investors bought the idea, and this is how Ethereum received the sponsors to start a new coin called Ether. The crowdfunding for this network was successful, which has led to the release of the Ethereum Blockchain network in July 2015.

This is exactly what the ICO should be used for. To bring in new ideas and raise enough funds to make it a reality, and most importantly, to make the project strong enough so that it is competitive in the already overcrowded financial currency world.

How do ICOs impact Ethereum now?

Most of the new ICOs are all technologically inclined and have to do with some form of Blockchain application, service offering or opportunity. In the event that a new ICO is made public, the community can start to invest in the new crypto coin, which will cause growth. Because of the exceptional technology Ethereum offers and its technical involvement in Blockchain, Ethereum has been utilized as the powering platform for new ICOs and Ether was a method of payment to pay for the services including the developers of the new technology.

Ethereum has made Blockchain flexible enough for different ICOs to run on top of it. No new codes or Blockchain types need to be developed as they are able to use the existing Blockchain. As the ICO increases in popularity, the price of Ethereum will also be affected positively. This allows Ethereum’s price to go up, and it becomes an even stronger contender for the leadership than it previously was.

Why should you buy Ethereum?

Ethereum has earned its second place on the cryptocurrency list. This was one of the most innovative technological investments and is now reaping the fruit thereof. Almost 10,000% growth was seen in Ethereum throughout 2017 and it is continuously growing as the use of Blockchain applications increases. Because the supply of Ethereum is not limited, the trade of Ethereum will never stop.

There are, however, three main reasons to buy Ethereum:

  • Ethereum manages and runs much more applications than Bitcoin. It also takes less time to complete a transaction on the Ethereum Blockchain - currency is running at a rate of 12 seconds to complete. So far, it is the most advanced platform to manage the applications on and compatible with any business or program.
  • Ethereum is trusted by many corporate companies and is one of the strongest business models you can work with. Many major companies have incorporated the use of Ethereum into their business by turning to Ethereum as a currency and a network. The built-in smart contracts are one of the best inventions to save time and money, so corporates are making use of this opportunity to enhance their business.
  • Many financial institutions have started to use Blockchain technology. This makes the process of buying a house, investing and many other financial procedures so much easier without the unnecessary middleman to clinch the deal. This also provides more security and stability to networks and clients. Besides, with Blockchain entering the financial space, users will experience less downtime and will not depend on servers to be functional.


How to buy Ethereum

There are a few ways you can get your hands on Ethereum. The most widespread way is using the cryptocurrency exchanges like CEX.IO - you can just sign up and create your account to grasp the opportunities for trading and investing. You will need to deposit funds to your account by using either a credit card or a bank transfer, and then simply buy Ethereum. Once you have it, you can decide if you want to trade or just keep it as an investment.

Always make sure that you are using a website with a secure SSL connection to avoid being defrauded and losing everything. Secondly, never put yourself in a position where it becomes an obsession to watch the trading rates the whole day. Set up your account with the necessary buying and selling price limits - this will enable you to buy or sell once the price reaches a certain level. And above all, be responsible when buying any cryptocurrency.

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