Articles about Ethereum

Investing in cryptocurrency is not for the faint of heart. The market is simply too volatile. In a short period of time, it can reach all-time highs and crash, repeatedly, seemingly out of nowhere. The trick is to not let those moments define your actions.

Just like you enjoy seeing it break new records, you have to get used to the fact that there will be some terrible days as well. Today is one of those days. All the major cryptocurrencies are in the red, with the vast majority posting double-digit losses over the last 24 hours.

Continue reading →

Volatility is the norm of the day in the cryptocurrency market, so the recent crash that saw tens of billions of dollars wiped off from its value is hardly something unusual. These things happen from time to time, but, as of late, you can expect the market to recover shortly after.

Case in point: yesterday I was telling you that all the major cryptocurrencies were in the red. The market's cap was down to under $90 billion. A couple of hours later, things started to improve, reaching the point where the cap is back over the $100 billion mark.

Continue reading →

When the price of Ethereum broke the $400 mark earlier this month, the flippening looked like a sure thing. Pundits were expecting it to soon surpass Bitcoin and become the most valuable cryptocurrency in the process. However, fast forward to today, Ethereum is crashing hard while its rival is still holding well.

The price of Ethereum has dropped to around $235, bringing its market cap down to around $21.9 billion. Meanwhile, Bitcoin is trading for around $2330, and its market cap is around $38.8 billion. From a difference of less than $8 billion in market cap, Bitcoin's lead has more than doubled in just a couple of weeks.

Continue reading →

A large sale order on the GDAX exchange earlier this week caused the price of Ethereum to crash massively for a brief period of time. The second most-valuable cryptocurrency dropped to as low as $0.10 in trading before bouncing back to over $300, after the sale triggered a domino effect which saw around 800 advanced orders being filled.

The customers who placed those orders -- stop loss and margin call -- have lost big as a result. However, even though it has found that "all trades this week were executed properly," GDAX says that it will reimburse the affected accounts, in what I believe is a brilliant move on its behalf.

Continue reading →

Ethereum has redefined volatility in the cryptocurrency market. On the GDAX exchange, the second most valuable cryptocurrency dropped to as low as $0.10 in trading before the price swiftly recovered.

The price of Ethereum is hovering around the $336 mark at the time of writing this article. What caused the plunge? GDAX blames it on a basic sell order, albeit one of really high value.

Continue reading →

Cryptocurrencies like Bitcoin and Ethereum are receiving more and more attention, but the fact of the matter is, the market is still in its infancy. To put things into perspective, its capitalization is currently about six times lower than Google -- and even less compared to Apple, which is the most valuable publicly-traded company in the world.

What we do not know exactly is how many people own cryptocurrency. It may be a small market in the grand scheme of things, but according to new report from Cambridge Judge Business School, between 2.9 and 5.8 million people in 38 countries use Bitcoin, Ethereum and other cryptocurrencies.

Continue reading →

The insane rise of Bitcoin and Ethereum makes investments in the two main cryptocurrencies very attractive. You can turn a nice profit in trading but, to play in this market, you first need to get your hands on some coins. So, how do you buy Bitcoin or Ethereum?

Like all the cryptocurrencies that matter, Bitcoin and Ethereum are mainly available through dedicated exchanges. There are also other ways to get Bitcoin and Ethereum, like mining and private trading but, for most people, an exchange is the safest and easiest way to buy into this market, so this is what we will look at here.

Continue reading →

You know how the saying goes, "What goes up must come down." It also holds true in the case of top cryptocurrencies Bitcoin and Ethereum, which after reaching record levels this week, are now seeing massive corrections.

Bitcoin, which reached a high of 3,000 just a few days ago, is now trading for just over $2,250 on the major exchanges. Ethereum, which is expected to overtake Bitcoin in the coming period, saw its price drop from $400 to around $310. And it is not just the two cryptocurrencies that are suffering.

Continue reading →

The price of Bitcoin this year has served as a constant reminder that I should take chances more often. When I wanted to invest a small amount -- but didn't -- it cost less than $30. On January 1, it was trading for over $1,000. On May 20, it broke the $2,000 mark for the first time.

And, today, the price of Bitcoin breaks another record, trading past $3,000 for the first time. It is a huge increase in less than half a year, and an astronomical increase compared to when I should have invested -- I wish I didn't know math for a second, because the price of Bitcoin today is 100 times higher. Ouch!

Continue reading →