Cryptocurrencies are booming! Besides the bitcoin there are more and more digital coins with which you can earn money. An example of another successful digital currency in which you can invest is Ethereum or Ether. In this article you can read how you can invest in Ethereum and we also see how the ether differs from, for example, the bitcoin.
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Ethereum is more than a currency
When you see Ethereum only as a coin, you are wrong! The ether is more than just a coin. The unique thing about the ether is that this crypto currency can be used as a system in which all sorts of things can be programmed. You can, for example, use Ethereum to draw up a very safe contract. There is also a good chance that the Ethereum will match the bitcoin in the future and you, as an investor, can of course benefit from this.
How can you invest in ether?
Speculate in the short term
When you want to take all the rides, it is an option to speculate on the course of the ether. Ethereum coins are very volatile and you can respond as well as an investor. It is obviously possible to make a profit when the price of the ether rises, but did you know that it is also possible to do this when the price drops? This happens regularly and by going short with an online broker you can also benefit from these price movements.
A good broker where you can trade in the ether is Plus500. With Plus500 you can easily create a free (demo) account with which you can try out the possibilities. Within the online software, it is possible to buy and sell either with a mouse click, so that you can catch all price movements.
Buy for the long term
Just like the bitcoin, the ether has also risen considerably. If you had purchased ether when it was just launched, you could have been a millionaire. The price has actually gone wrong! Even now the currency still has potential in the long term. Later on we go into more detail about what makes Ethereum unique, but these unique characteristics make it possible for the price of the ether rise.
However, it is important to buy the ether at the right time. Therefore, do not go blindly to a website to purchase ethers. The price is very volatile and it is therefore wise to first make a good price analysis. Make a plan like you would with a more traditional investment, that way you can maximize the potential profit!
What makes ethers unique?
When you put Ethereum on the same line as the bitcoin you make a mistake. Sure, they are both digital coins, but there are still obvious differences. A major advantage of Ethereum is that the ethers are easier to use for all kinds of projects. Where bit coins and litecoins are mainly used as currency, you can perform all kinds of things with the ether.
Did you know, for example, that you can issue shares with ethers or set up a political system? The ether is also very useful for drafting a contract. The ethers are in fact non-mutable, which means that the content of the contract can no longer be adjusted. Even the programmer can not get there anymore. This makes the ether extra strong against malicious hackers. This potential makes it possible for the price of ethers rise further.
The current course of the ether
It is of course important to be able to consult the last course of the ether. Below you can see the value of the Ethereum. It is also possible to purchase ethers directly via the buy and sell buttons.