Ethereum is a cryptocurrency that has been growing in popularity since its release. Ethereum’s goal is to be a decentralized, peer-to-peer network for the transfer of value and information between people, without any need for central control or oversight. Ethereum can be used as a trading token on Ethereum exchanges, but it also acts as an investment vehicle.
There are three main points you should consider before investing your money in Ethereum:
The first main point is Ethereum’s growth potential. Ethereum has seen significant growth in the last few months, with a 36% gain over August of 2016 to September of 2017. Ethereum prices are predicted to rise even further by 2018, due in part because Ethereum is being used as an ICO platform for many new tokens and currencies that have yet to be released into the market.
The second main point is Ethereum volatility. Ethereum cryptocurrency price swings can occur at any time when there is good news or bad news about companies built on top of it (such as Kodak) or when large investors place big bets one way or another.
Finally, you should consider your risk tolerance before investing in Ethereum cryptocurrencies. While Ethereum may seem like a low-risk investment compared to other cryptocurrencies, Ethereum can still be a risky investment depending on how much money you are willing to lose. Ethereum is still in an early development stage, so there could be unforeseen security risks or other issues that lead to Ethereum losing some of its value.
- good news about companies built on top of it (such as Kodak)
- large investors place big bets one way or another
- consider your risk tolerance before investing in Ethereum cryptocurrencies
- Ethereum may seem like a low-risk investment compared to other cryptocurrencies, but it can still be risky depending on how much money you are willing to lose. It’s in an early development stage, so there could be unforeseen security risks or other issues leading to Ethereum losing some of its value. Ethereum is also worth a lot less than Bitcoin, so it may seem more attractive to invest in Ethereum if you are comfortable with taking on higher levels of risk
- There are several factors that could affect the price of Ethereum (and other cryptocurrencies), like government regulations and restrictions or large investors placing big bets one way or another.
This means there’s no guarantee about how much you will make when Ethereum goes up, but don’t forget that Ethereum has seen impressive growth over the last year compared to other coins – good news about companies built on top of it (such as Kodak) – consider your risk tolerance before investing in Ethereum cryptocurrencies – Ethereum seems like low-risk investment compared to other cryptos.
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