Which Crypto To Invest In ? Part II : Ethereum

in #steem8 years ago

First of all I wanted to apologize for the late, as I saw that the Part I didn't interested as many people as I would have expected I lost my motivation to continue. I think that it didn't worked out as I wanted because the first blog was badly written and posted at calm hour. Now I will keep my motivation to keep writing and enhance the quality of my blogs. By the way let me know what do you think about the Part I ( https://steemit.com/steemit/@steampunkpowered/which-crypto-to-invest-in-part-i-bitcoin ) and also of this second part because your opinion matters a lot to me. Now let's go to the subject of my post.

Ethereum Project, a Game Changer

Ethereum is the first project that introduced me into the Blockchain world even If I knew the existence of Bitcoin before Ethereum I didn't looked far into crypto at that time. But Ethereum made me do so. Why ? Because Its probably the most awesome project that I have discovered, Its a game changer, a system breaker. How is it different from the other projects ? The best feature concerning Ethereum is the contracts with which you can do basically anything with it.
Its a written and encrypted code and you are with the other contractor the only people able to read it. Globally Ethereum is a decentralized platform that runs smart contracts which applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

Who Does This Project Concerns ?

Basically everyone. The individual, the developer and businesses. To begin with, the individual can create contracts like buying a home and as you know in the real estate world you need a notary to approve the transaction and now thanks to the Ethereum contracts there no need of such annoying third parties which will make you SPARE A LOT OF MONEY with which you will may buy a new car. Ethereum contracts can also be used for more simple buying operations like doing your shopping online, sending some money to anyone without the ridiculously high banking fees and so on. The contracts are not only about buying goods and services as you can also use them for sending your personal medical informations to your doctor where you and him are the only people able to read them, it can be applied to ANY SECTOR.
Secondly, the other people concerned are the developers as they can code any kind of apps with it and pretty easily as it doesn't require as much knowledge as other development environments requires. Furthermore as its decentralized, they don't need the approval by Apple or Google for example to get their apps available on the market which is a big point for Ethereum !
Third, the businesses will see huge advantages to adopt the Blockchain. One of them is the cost concerning sales with credit cards, Walmart Canada got enough of the greedy credit card market so they they stopped accepting credit cards and may be thinking about a Blockchain solution and Ethereum would fit perfectly for this job.

Ether, The Currency Used For Etherium Contracts

As we saw it, the Ethereum project benefits to a LOT OF PEOPLE, which are potentially Ether buyers. In fact you have to buy Ether to conclude contracts with people. So you can be sure that when the project will be democratized there will be whole flood of Ether demand making catapulte Ether price. For the moment the market is still quite small compared to Bitcoin's market ( actually $1 Billion and a half for Etherium capitalization while bitcoin have a huge amount of $12 Billion but this situation will not stay like that forever due to the bad reputation of Bitcoin particularly known for being a tool to buy illegal services on the dark side of the net ). The currency is being exchanged on an incredible amount of exchanges and selective ones chooses it to be one of the rare altcoin to be exchanged on their site which gives it an even better image.
It has reached a mile stone that differentiates it from any other altcoin and permits it to compete with Bitcoin as now the capitalization has attained a half a billion dollars when the second altcoin in capitalization only reaches $255 Million.

When Should Buy Ethereum and Where ?

Actually the price of BTC is rising and by the way affecting all other altcoins needing BTC to be bought as the BTC Halving is coming but only the 4th july so you still have the time to buy some to make some profit and as the market will only grow significantly in the long term you only have to wait. I just wanted to add that Ethereum will also see a date for reward decrease when the new protocol will be in function so don't wait too long to buy.
You can buy Ether on good and secured exchange platforms like Bittrex, Kraken or Gemini, they are simple to understand and fast for cashing out !

Sort:  

I'm a big fan of ethereum, sorry I didn't catch your first blog post, I truly enjoyed this one and I'm also super excited to see where the future takes us with smart contracts, automation, and decentralization.

Awesome read thank you. 👍

Im pleased to see that you like my blog :) Im actually writing a series for investment in cryptos so there will be more to come !

Awesome I'm looking forward to following.

Nice post. Good to see I'm not the only one who thinks like this. The coin market will be turbulent for the upcoming year(s) but I really believe in it. We really need more insights in the market and previous investment results (even though they don't deliver any guarantee for the future). An interesting website I found: https://www.coincheckup.com An amazing crypto research site. They researched every single crypto out there. This is truly great.

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.027
BTC 60666.25
ETH 2702.51
USDT 1.00
SBD 2.43