Simply put, Ethereum is a smart computer. Ethereum allows computer programs to run “smart contracts.” With a smart contract, you don’t need a third party to perform credible transactions. And because these smart contracts live on blockchain technology, they are trackable and irreversible. A new era of computer programming, digital ownership, and other innovations are being introduced thanks to the smart contract capabilities of Ethereum. That’s why Ethereum is the future. So Is Ethereum a good investment and why you should invest in Ethereum?
Is Ethereum a Good Investment in 2022?
5 Reasons why you should invest in Ethereum
Ethereum is new. It came out in 2016. It still has bugs here and there, but for people who are willing to be involved and try this new technology — it can prove quite profitable.
So, should you buy Ethereum? Here are 5 reasons why you should invest in Ethereum and why to take action and become an early adopter and investor.
#1 Ethereum could be a world computer
The reason Ethereum gained such massive popularity and almost flipped places with Bitcoin in June 2017 is due to its ability to run smart contracts.
Take, as an example, assets: homes, artwork, luxury cars, etc. Ethereum’s smart contracts can secure ownership of these items. Foreign investors and people around the world won’t need to run through the bureaucracy of foreign nations’ systems in order to own a home or artwork in another country. They can use a smart contract built on Ethereum. And they can pay with Ethereum too.
The world may be interconnected thanks to the internet, but Ethereum is showing new and improved levels of interconnection for businesses and private individuals around the world.
With this in mind, the answer to the question ‘is Ethereum a good investment’ starts to look like a no-brainer.
#2 Ethereum will give us Tokenization
The World Economic Forum (WEF), in their surveys and research, projected that “up to 10% of the global Gross Domestic Product (GDP) will be stored and transacted with the help of blockchain technology by 2025–27.”
Keep in mind what they are saying: each country worldwide will use blockchain technology for up to 10% of its GDP.
A few years ago, as I was wondering whether or not I should invest in Ethereum, the concept of tokenization and all its use cases for Ethereum made my mind clear like water: Ethereum is the future, and there are myriad reasons why Ethereum is valuable.
#3 Ethereum can run uncensorable apps
Why you should invest in Ethereum? Censorship is a real issue in the modern world. Facebook, Twitter, Youtube, Instagram, all of these companies reserve the right to delete, modify, or hide content. They often do. Ethereum can help keep the free world remain informed because it is decentralized.
The information stored on the Ethereum blockchain (data, smart contracts, dApps) can’t be shut down by a government or agency and will remain alive and uncensorable for as long as Ethereum is alive — which could be for a long, long time.
Keeping the people capable of making educated decisions is one of the many reasons why Ethereum is valuable so should I buy Ethereum now?. Now is the best time to buy Ethereum and prepare for the end of censorship. This is one more reason why 2022 might be a good time to buy Ethereum and participate in the termination of censorship.
#4 Ethereum is a host for innovation.
Ethereum lost 84% of its price value after the so-called 2017 ‘crypto bubble popped’ — but Ethereum did not die. Just like the internet — which didn’t die after the 90’s ‘internet bubble’ — Ethereum has gained strength and momentum.
Fascinating new projects are being built on Ethereum: microgrids, charging stations for electric vehicles, crypto-collectibles, home mortgages, health care records, and many more.
So, what are some more reasons why you should invest in Ethereum? Well, if:
- You believe we need sustainable energy production and management
- You want to be ahead of the curve
Then buying Ethereum in 2022 might be a worthy investment for you.
#5 Diversification – Ethereum, Bitcoin & more
Ethereum’s technology and purpose are different than Bitcoin. Do we know why Bitcoin is a good investment — but is Ethereum an even better buy? Why you should invest in Ethereum?
Bitcoin was initially meant to be a cryptocurrency — emphasis on ‘currency.’ Ethereum is different and is intended to be a platform for smart contracts.
With Bitcoin, you can store value and pay for things, while with Ethereum, you can program smart contracts, tokenize assets, and more.
Ethereum is also okay at being a payment system too, but it does not have the brand awareness and immutability of Bitcoin — plus Bitcoin is truly scarce since it’s capped at 21 million coins — while Ethereum is uncapped.
Buying both Ethereum and Bitcoin is a solid diversification. This is why Ethereum is a good investment if you’re interested in investing in cryptocurrencies beyond Bitcoin.
2 Reasons Why Ethereum is NOT a Good Investment
There are two sides to every coin. It is unfair to only look at one side. So let’s touch on a few reasons you should consider not buying Ethereum. This will give you a more balanced perspective.
- #1 Ethereum Killers, a real threat?
Ethereum may have been the first blockchain to run smart contracts — but now it is not the only one.
If EOS and other so-called “Ethereum killers” can become faster, better, and stronger than Ethereum — ETH could be in trouble.
- #2 Ethereum security threats
The biggest security threat to Ethereum happened back in May 2016. At the time, an Ethereum smart contract existed… It was called the DAO: Decentralized Autonomous Organization.
So what happened was that the DAO raised $150M in ETH by the spring of 2016. But the code wasn’t secure. One day, someone wrote code that affected the DAO smart contract, and the DAO lost $70 million in ETH to this “hack.”
To repair the hack and refund people their stolen money, a hard fork took place. Not everyone agreed with the proposed changes, so the Ethereum blockchain split into Ethereum and Ethereum Classic. Ethereum Classic kept the old blockchain — along with the hacked funds. The new Ethereum blockchain reversed the hack and refunded everyone their money.
Since then, Ethereum has improved its smart contract code and worked on security – and this is why no security issue happened ever since. But cryptocurrency hackers are still a threat. Keeping your Ethers secure — and keeping any cryptocurrency secure — still requires work.
Thus, in 2022 the safety of buying, selling, and storing Ethereum falls on the user. It can be a tough burden — but certainly manageable. Remember: You should buy Ethereum now only if you’re prepared to keep your ETH safe!
Is Now the Good Time to Buy Ethereum? Why you should invest in Ethereum now?
It could very well be.
The so-called 2017 ‘bubble’ has popped. Now the price is better reflects the value and use of Ethereum. Plus with Ethereum 2.0 on the way — right now the price could be a bargain.
So, here are the 2 reasons why now might be a good time to buy Ethereum and why might ETH be a good investment:
#1 Ethereum 2.0 is on the horizon.
Ethereum has faced many criticisms: slow network, power-hungry mining, and scalability. All these negatives are true. But Ethereum 2.0 is in the works.
Vitalik Buterin, the founder and CEO of Ethereum, announced they will release Ethereum 2.0 — saying the future launch of Ethereum 2.0 will be “1,000x more scalable” and “cut energy costs by 99%”.
It’s set to be released in phases, starting from December 2019. Of course, if Vitalik manages to release these updates on time, the value and price of Ethereum will increase significantly.
The promise of a 99% reduction in electricity, faster transactions, and vastly increased scalability is an ambitious goal.
#2 Ethereum has more developers than any other “Ethereum Killer”
Ethereum’s competitors, like EOS, claim their blockchain can perform leagues better than Ethereum.
But proving it is another thing. So far, none of the so-called “Ethereum killers” have been capable of demonstrating their prowess.
Blockchain development is a skill in demand. It has grown 6000% in 2018 and is the fastest-growing skill on freelancing websites.
The growth of the Ethereum development community is impressive. It makes sense that, according to cryptocurrency researcher Kevin Rooke, “94 out of the top 100 blockchain projects were launched on the Ethereum network.”
History shows that those with the most and best developers win. As a result, we can assume that Ethereum will compete with EOS and other competitors without much trouble.
What to Know Before Investing in Ethereum?
For now, here’s a list of the essentials you need to know before investing in Ethereum:
- Buy Ether only from reputable exchanges.
- Use 2 Factor Security and use strong passwords.
- Don’t leave your crypto assets on exchange platforms.
- Buy and use one of the best hardware wallets available.
- Invest only the amount you are comfortable losing.
- Be able to make the right decisions and cash out when it’s the right time.
- Timing – don’t buy at an all-time high, don’t sell at an all-time low. You should consider buying more when the market is still recovering from its low spot.
- Diversification is necessary for any investor to reduce risk — invest in more than one cryptocurrency.
Transacting with Ethereum is very similar to Bitcoin — but there are still a few differences. So dip your toes in the water little by little. Then, when you’re ready, go swimming!
Where Can I Buy Ethereum?
Over the years, we’ve experienced countless issues. One of them is the trouble of buying Ethereum.
But as we’ve made mistakes buying and selling Ethereum, we’ve also learned. Since this info will benefit everyone who reads our articles, we went ahead and made a list of the best platforms to buy Ethereum.
Ethereum or Bitcoin – Which Should You Buy?
Both Ethereum and Bitcoin are fascinating — in their own ways. I would simply say — diversify: Buy both.
But if you’re keen on sticking to one or the other then let’s examine which one is better for you.
Why you should invest in Ethereum: Are you looking to buy and hold?
Bitcoin has been around for twice as long as Ethereum. It has more media coverage and is the most established crypto asset. Therefore, Bitcoin should be a less risky investment.
Bitcoin has the potential to be used as a way to transfer and store value. Bitcoin’s supply will be limited to 21 million Bitcoin; it’s scarce — much like gold. The last Bitcoin will be mined in the year 2140. After that — no more!
If you don’t mind me getting a little technical — Bitcoin has a deflationary model. This means the supply is capped and the value will not be ‘diluted’ or ‘inflated’ by adding more Bitcoins.
Also, every four years, Bitcoin experiences a halving. Simply put: every four years, Bitcoin miners get half as much Bitcoin as they did before. This limits the supply of Bitcoin and increases its value.
Ethereum can also be used to transfer value. But it may not be the best store of value, because Ethereum does not have a maximum supply.
Currently, there is more than 100 million Ether in circulation — with more being created each day. This is because “Ethereum has opted not to set an upper limit on its total coin supply.”
So should you buy Ethereum or Bitcoin? Well, if you’re simply looking to invest in cryptocurrency and you can only pick one, perhaps Bitcoin would hold up better. It is the king of crypto, the first crypto that ever existed, and the one that best represents the fundamental beliefs that led to their creation but ETH it might be smart to buy too.
You should buy Ethereum if you’re more interested in innovation and use cases rather than in scarcity and the economic model of Bitcoin.
I still believe Ethereum is the future.
Why you should invest in Ethereum?
Vitalik Buterin, Ethereum CEO, is a leader unlike any other. Instead of being focused on the price, he is focused on making Ethereum the best smart contract platform. His passion and genius are committed to improving Ethereum no matter what.
This means that Ethereum is in good hands. If the price goes down — the CEO won’t quit or lay off a bunch of people to please the stockholders. Instead, he will work on fixing the flaws and improving Ethereum — which often leads not only to the increased price but also to a sustained higher price.
Plus, Ethereum 2.0 will be a leap forward for blockchain technology and smart contract use cases.
The Ethereum Foundation is pumping $30 million into developing their platform — which will bring fresh, innovative new dApps for us to use.
As the years go by, Ethereum’s technology will grow. And technologies led by intelligent, focused people are often a good bet.
Is Ethereum worth investing in the end?
Yes, it is.
So get on Coinbase or another site recommended in this article and buy yourself 1 Eth today — and welcome to the wide world of blockchain.
Why Bitcoin cloud mining?
The Bitcoin network was introduced to the world in 2009 by an unknown individual or group called Satoshi Nakamoto. In 2021, there are more than 10,000 different projects in the field of cryptocurrencies. Each of them has its role in building the future of money.
The market value of cryptocurrencies reached $ 1 trillion for the first time in January 2021. It passed $ 2.5 trillion less than three months later. It shows that this market is one of the growing markets in the favor of its investors.
Bitcoin Cloud Mining is the process by which you participate in a mining pool to a cloud miner website and purchase a certain amount of hash power. In this pool, the profit will distribute equally among all participants who have participated in the mining pool. It will happen based on hash power. The cloud miner platform allows you to mine your Bitcoin without installing any hardware and at no extra cost. Minerland, the best crypto cloud mining service, helps you invest in Bitcoin easily and with low risk.