Home Altcoins News Want to have your Skin in the Ethereum Investment Game? Probably Time for Some ETH

Want to have your Skin in the Ethereum Investment Game? Probably Time for Some ETH

Ethereum Investment

Those who have their skin in the game will understand what makes investing in Ethereum worth it. To understand the real impact you need to personally invest. It is okay if the value is negligible. The perspective which you have when you are a bystander will be different than when you are actually the owner.

Most investors when they enter the market truly have no idea where the price is heading to. We need to remember by the school of hard knocks that the price of the ETH can plummet even to zero. However, what is invested should be the amount that is affordable to lose.

ETH and other cryptocurrencies are newer asset classes and very few have had their feet wet in it. It is okay to not dive headfirst, but it helps to test the waters.

Fintech platforms like Square, PayPal, JP Morgan Chase, and several others are in the game now. They are adopting. Many of them are still not interested, but there is a widespread realization that cryptocurrencies are not a passing cloud anymore. And, more institutions are going to adopt it.

Not only about Fintech institutions retailors like Home Depot and Starbucks  are reportedly indirectly accepting crypto through their checkout systems. Adoption is surely coming. The recent sell off of BTC due to environmental concerns and government bans is not going to stay.  It is just a test.  The crypto economy is all geared to survive the worse storms.  Technologists are going to find a way around the bush to help investors invest in their blockchains.

Though we are not sure if the current price of Ethereum or Bitcoin is the best, it is surely relatively cheaper than it previously was. There is more to valuing ETH and BTC than any other commodity or stock. Looking ahead, the price of ETH is declining and those who are willing to test the waters can see if they can afford to find an entry point at this point in time. A price decline is a good climate for starters who have never bought it before.

Just like the sun rises and sets, the volatility of the cryptocurrencies are here to stay. The tax rules are not easy.  The value fluctuates a lot. It can be hard to really know why the value is going up and why it is going down. No matter what, it is not a good thing to invest in something that you do not understand. Know the beast you are going to deal with if you are planning to buy ETH.

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Maheen Hernandez

A finance graduate, Maheen Hernandez has been drawn to cryptocurrencies ever since Bitcoin first emerged in 2009. Nearly a decade later, Maheen is actively working to spread awareness about cryptocurrencies as well as their impact on the traditional currencies. Appreciate the work? Send a tip to: 0x75395Ea9a42d2742E8d0C798068DeF3590C5Faa5

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