Making a simple $10 investment in cryptocurrency.
This post serves as an introduction to investing and trading in the emerging blockchain technologies by starting with an amount that won’t hurt too much if it gets lost.
Ethereum was launched on July 30, 2015 and is showing promise. Ethereum price has grown 54 times and has generated a trading profit of over $1.2 million during an 11 month period. Ethereum has a greater degree of software complexity than Bitcoin. This may prove beneficial as the applications for Ethereum are numerous, it is more than a cryptocurrency, on the other hand this complexity may result in more security problems. “There has been a lot of talk of Blockchains in different spheres lately but before anything can become mainstream, it needs a lot of real world testing. This is especially true in fields where there is a lot of regulatory oversight like banking and finance.” -Gennaro ‘Jerry’ Cuomo. (Cuomo has been with IBM since 1987)
Ethereum enables the possiblity to build decentralised applications, it is a general-purpose, global blockchain that can govern both financial and non-financial types of application states. Ethereum is synonymous with smart coding and smart contracts. (More on this later). The legal implications of this are as yet unknown which makes investing in Ethereum a rather high risk affair. Nonetheless it is an exciting venture and still in its infancy which presents investors with opportunities for high gain returns.
Ethtrade provides a way to earn a passive income of up to 25% a month by investing in Ethereum. First time investors can start by investing Ether (the Ethereum currency) for as little as $10. Registration is free, simply open an account by entering your email. https://ethtrade.org/@959700 Choose a payment system, bitcoin or ethereum, enter the amount you would like to invest and then click on “Create a Portfolio”. A side window will open providing you with an address into which your investment can be paid and confirm the amount you are going to send. Using the given address, transfer the funds from your wallet or exchange and that’s it, watch your balance grow daily.
Once you have transferred the funds it may take a few hours before the invested amount shows up in your newly created portfolio. After 60 days you will be able to withdraw your funds without charge.
Really? @juma, And how reliable and stable is ether (the eutherium currency) if I need to build trust?
I have the same question, and are the returns consistent ?
Hi delphia16. I can only give my opinion. Thing only thing I am quite sure of, is that it is not a scam. I believe what they say on the website. Blockchain technology is becoming ever more popular. There are going to be some winners. Ethereum sounds like a contender with a future and they have an easy entry level plan to get active in the new ways of investing, trading and exchange. These methods of transacting and simplifying how contacts are made and stored are relatively new and not yet tried and tested so they are risky.
It is really hard to call $10 "investment".
You're right in future I'll call it a minivestment :)
Interesting blog. Thanks for bringing this to my attention. The coin market will be turbulent for the upcoming year(s) but I really believe in it. I was researching a way to do better investment analysis on the current cryptos. I really advice people to take a look at: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes.