Can Ethereum Make You Rich?

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Ethereum is a cryptocurrency that has grown in popularity since its introduction to the market in 2015. Ethereum was developed by Vitalik Buterin, a Russian-Canadian programmer who was just 19 at the time of its creation. What makes this cryptocurrency so special?

Ethereum is not just a cryptocurrency. It is a blockchain-based platform that enables developers to build and deploy decentralized applications (DApps). The Ethereum network has the potential to become the foundation of the new internet, which would enable it to become the most important technology of the 21st century.

The Ethereum network is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

Ethereum is a revolutionary new technology that has the potential to improve, or disrupt many areas of our lives. It’s not just about making money out of thin air, though – Ethereum can be used for much more than that!

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that may not have yet been invented.

  1. Get in early

Ethereum is the 2nd most valuable cryptocurrency after Bitcoin. If you bought $100 worth of Ethereum when it first came out, it would be worth over $5,000 today. It’s price has increased by over 5,000% in the last year.

  1. Build a dApp

Ethereum is a platform for building decentralized applications (dApps). It’s like the App Store or Google Play, but without any centralized authority.

  1. Become a dApp developer

Ethereum is open source, so anyone can become a dApp developer. The barrier to entry is much lower than for building an app on the App Store or Google Play.

For example, Status is a mobile Ethereum client that allows you to access the Ethereum network from your phone.

  1. Invest in Ethereum-based ICOs

Initial Coin Offerings (ICOs) are a way for blockchain startups to raise money. In an ICO, the startup issues tokens that can be used on their platform or traded for other cryptocurrencies.

There are currently more than 100 Ethereum-based ICOs listed on CoinSchedule.com, with a combined market cap of over $1 billion.

  1. Long-term Investment

The first and most obvious way to make money with Ethereum is to buy it and hold it long term. If you believe in the technology, then you should also believe that the price will rise over time.

If you buy Ethereum today, you can hold it for a year or two and then sell it at a higher price. You will have made money without doing anything else.

How to Invest in Ethereum as a Beginner…?

Cryptocurrency is one of the hottest investment opportunities available today. Early investors have made mind-blowing returns on their investments. Those who invested just $100 in Bitcoin in 2010 are now millionaires.

The possibilities for growth are endless, and the trend is currently very young. Are you ready to jump in?

This article will explain the needed steps to take if you are contemplating about some investment on the Ethereum network.

1. Buy Ethereum from Coinbase

Coinbase is the most popular and trusted place to buy Ethereum. It is also the most user-friendly cryptocurrency exchanges there-is, and the easiest way to get started with cryptocurrencies.

Coinbase allows you to invest in Ethereum using your credit card, bank transfer, SEPA transfer, or wire transfer. Coinbase also has an Android and iOS app that makes it easy to buy and sell Ethereum on the go.

Coinbase is a digital currency exchange headquartered in San Francisco, California. They broker exchanges of Bitcoin (₿), Bitcoin Cash, Ethereum (Ξ), Litecoin (Ł) and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Steps to sign up for Coinbase

  1. Open an account with Coinbase
  2. Deposit money into your account (via credit card, bank transfer, wire transfer)
  3. Buy Ethereum based on what you can afford.

2. Buy Ethereum from Kraken

Kraken is another great exchange for buying Ethereum. It has a very good reputation, and offers an easy way to invest in Ethereum using US dollars.

If you are searching for a solution that is fast, secure and reliable, then you need to know about Kraken.

Kraken is a US-based cryptocurrency exchange operating in Canada, the EU, Japan, and the US, and “the world’s largest bitcoin exchange in euro volume and liquidity”. Customers can buy bitcoin with USD, Euros, CAD or SEPA transfer.

3. Buy Ethereum from Gemini

Gemini is another popular and trusted exchange for buying Ethereum. It also offers an easy way to invest in Ethereum using US dollars.

Gemini, the New York-based company founded by Tyler and Cameron Winklevoss, has announced the addition of Ethereum to its growing list of tradable assets.

The cryptocurrency exchange is one of the largest in the United States and has been operating since 2015. Gemini was also the first licensed Ether exchange to launch in late 2015 and now offers Bitcoin (BTC) trading pairs as well.

Gemini was founded by the Winklevoss twins, who also happen to be among the most famous Bitcoin billionaires. The company is licensed to operate in 46 US states and Washington DC.

The easiest way to buy Ethereum is directly on the Gemini exchange. However, if you are looking to use US Dollars or Bitcoin as an alternative, the platform also offers it well.

Conclusion

While you can’t get rich overnight with Ethereum, there are certainly ways to turn a profit. The key is to invest at the right time, and be patient.

Ethereum is certainly a very exciting technology, but at the end of the day, it’s still an emerging platform. If you do invest in Ethereum and other cryptocurrencies, please be sure to only invest what you can afford to lose.

We’d love to hear your thoughts on whether or not Ethereum is a good investment in today’s marketplace—let us know what you think by commenting on this article!

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