Should I buy or sell Etherum?
Archibald Ethereum is basically software that is decentralized and allows developers and programmers to run the code of any application. Wait, what? I thought Ethereum was money... well it has a monetary aspect.
You see, Bitcoin uses a technology called blockchain specifically for conducting monetary transactions - it's a straight currency. Ethereum uses blockchain technology to allow the creation of applications that can be executed in the cloud, can be protected from manipulation, and much more (some stuff getting too technical for me here). However, a bi-product of this is that Ethereum uses a token called Ether, which is like Bitcoin, to transact. This is the monetary value portion of Ethereum.
Because of its unique abilities, Ethereum has attracted all types of attention - from finance to real estate, to investors, software developers, hardware manufacturers, and more.
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How To Invest In Ethereum (Ether)
If you're interested in investing in Ethereum, and specifically Ether, you need a digital wallet. Ethereum doesn't trade on any major stock platform. You can't go to your online discount broker and buy Ethereum. You have to convert it into your wallet.
We recommend using Coinbase as a digital wallet because it's incredibly easy to use, allows you to invest in Bitcoin and Litecoin as well, and they will give you a bonus for signing up.
It's important to remember that Ether (ETH) is a currency, and should be treated as such by investors. You don't buy shares of Ether like you would stocks or ETFs. Instead, you are exchanging your dollars for Ether tokens. There are no dividends, no payouts. Your only hope is that in the future, other people on the Internet will pay you more for your tokens than you bought them for.