Wednesday, 15 March 2017

Ethereum Price Takes Off

Price DOUBLES In One Week !!

(Price correct as at 11:59pm GMT on 15th March 2017)

Despite the SEC rejecting the Bitcoin ETF decision, confidence (as determined by volume of money) has never been higher in crypto-currencies !

Ethereum has now smashed the $3 Billion market cap, making it by far the second most valuable behind Bitcoin at just over $20 Billion

No other currency has even come close to hitting the $1 Billion market cap...although I am sure it won't be long before more do...


Source www.coinmarketcap.com

The price of Dash has skyrocketed this week, trading at around $22 just 7 days ago, and today it temporarily passed $100 !

Each crypto-currency offers slightly different benefits, so in my mind I have absolutely no doubt that many of these will become as common as Euro's, Dollars and Sterling in the not too distant future (probably immediately after the US Dollar crashes).

Ethereum for instance processes transactions much faster and also has the backing of some IT giants with the adaptation of mobile Apps high on the agenda which will make Ethereum much more usable and mainstream than Bitcoin is right now.

I would probably compare Bitcoin and Ethereum to Gold and Silver...

Gold bars are the storage of most of your wealth, and maybe sit tucked away in a vault somewhere (just like you would Bitcoin).....and Silver is what you use for day to day smaller transactions to buy your shopping etc (just like Ethereum)


The Future

Personally I cannot see the fiat currencies of the world holding up much longer.

And with crypto-currencies already in waiting to take over, I think we have the perfect solution for once (that doesn't involve going back to trading Gold and Silver for goods).

That said, I am still investing in physical Gold and Silver, as a balanced portfolio of investments is crucial given the financial turmoil our world is in right now.

Coinbase is the perfect place to purchase both Bitcoin and Ethereum (in fact its all they deal in).

You can use your card to purchase instantly, and you can also get some free Bitcoin if you use this link when you sign up....

www.coinbase.com/join





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