Should You Invest in Ethereum

Getting in on the latest trends of 2018 include entering into the world of cryptocurrency. Cryptocurrency started out as a side product of Satoshi Nakamoto who created Bitcoin which is the most popular form of all cryptocurrency. But he never intended to invent an entire currency. Ten years ago in 2008, Satoshi came announced his new peer to peer electronic money system that is completely decentralized with no central server. Instead, the cryptocurrency is like bitcoin trade is done by a process known as cryptography which is the digital exchange of money through what's known as blockchain technology which prevents double spending by maintaining data blocks. In blockchain, once something is recorded, it can never be altered or changed again. No one can cancel or change a transaction once it's set in motion. Then, when the transaction is confirmed, it's known by the entire network. This keeps the transactions from being forged or hacked. The blockchain is basically an online ledger or record where all transactions are shown. The process is completed by a series of complex mathematical equations, and only miners can confirm a transaction. Each transaction a miner facilitates is rewarded with cryptocurrencies like bitcoin or ethereum.

Pretty much anyone can be a miner, but you have to be able to solve a cryptologic puzzle set by Satoshi Nakamoto. Once the mathematical equations in the puzzle are solved, the miner can build a block to add to the blockchain. This is why the value of certain types of bitcoin will increase as there are fewer available. Bitcoin, for example, will only issue 21 million bitcoin by 2140. So that's why it's value is higher than other cryptocurrencies at this time. Currently, the bitcoin exchange rate is about 10,000 USD for 1 BTC. Another type of cryptocurrency that is ranking the highest on the bitcoin trade exchange is Ethereum which is what this video from Ameer Rosic is all about. Ethereum is another type of cryptocurrency that is also based on blockchain technology. Ethereum came out around 2015 so it's still new, and it's not in as high of demand as bitcoin is which is why the bitcoin exchange rate is higher. Ethereum protocol is much like the bitcoin protocol in that it operates on a blockchain system. Except on the Ethereum network, the miners earn Ether.

Ameer says that Ethereum has an amazing community backing it which is why it will just keep growing over time. That's why it's good to get in and invest early before it increases in value. Currently, it's about 800 USD for 1 ETH. It's a good idea to do your research on all cryptocurrency and then invest some in bitcoin and ethereum as well. That way you are diversifying your investments, and you can allocate every once in a while to make your investments grow. The draw to ethereum right now is that it is more affordable to buy one ETH than it is to buy one BTC. The thing is, you don't have to buy a whole bitcoin or ether, you can purchase Satoshis which are the cents version of cryptocurrency. All of that being said, Ameer still thinks that Ethereum has a lot of growth potential which would make it a great investment option. In 2017 Ethereum was worth 80 USD whereas now, only a year later it's already up to 800 USD. So that just shows its quick growth in value. Always only invest what you can afford to lose which is some great advice from Ameer. If you can afford $100, then start at that and add to it as you can. For more information watch the entire video on YouTube.***