6 REASONS to BUY ETH (Ether/Ethereum) ASAP!

in #cryptocurrency7 years ago (edited)

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6 REASONS to BUY ETH (Ether/Ethereum) ASAP!

I have decided to share this writing to our community simply to serve as a reminder that even a small purchase of ETH today could be well worth your investment over the next year or so. I'd love to hear your thoughts on my 6 REASONS, and hope you could add the list in order to give others a stronger sense of the value of ETH.

Please let me know if you find inaccuracies in my statements, so I could correct and update the list.

01 - SUPERIOR PLATFORM:
Ethereum’s blockchain is much more advanced than that of Bitcoin. Ethereum is more scalable and could handle heavier transaction loads. This is crucial when looking out into the future (think VISA transactions, etc.), which is why major institutions are all over this. It also provides a Turing-complete VM, and any script can run on Ethereum making it much easier or more attractive for developers to launch their own DApps, DAOs and crypto-assets.

02 - SMART CONTRACTS:
Ethereum has the ability to run Smart Contracts, thanks to the Ethereum Virtual Machine (EVM). "A smart contract is a computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a contract." This comes with a whole host of benefits and attractiveness.
Learn more at https://en.wikipedia.org/wiki/Smart_contract

03 - LEADERS PREVAIL:
There are 1128 cryptocurrencies in existence as of this writing. This reminds us (again) of the dotcom era, when fly-by-night startups IPO'd and skyrocketed, only to meet their demise shortly after; whereas, the biggest, most valuable players of the 90s/early-2000s are still with us today and going strong: Amazon and eBay along with Apple, Google, Oracle, and Microsoft to name a few.

ETH is clearly that leader.

It is not to say there won't be another major player(s) that comes along (as ETH ran up on BTC), but it is already light years ahead of all others. ETH has dominated the playing field in its short existence. Yes, Bitcoin paved the way, but it was born on January 03, 2009 (turning 9 in Jan). ETH has a Genesis date of July 30th, 2015 (and just turned 2!). That's just incredible.

04 - INSTITUTIONAL INTEREST:
C'mon, you know that once the Big Fish start taking something seriously and throwing Billions at it, there must be something special about it. They've formed the Enterprise Ethereum Alliance (EEA) - "The Enterprise Ethereum Alliance connects Fortune 500 enterprises, startups, academics, and technology vendors with Ethereum subject matter experts. Together, we will learn from and build upon the only smart contract supporting blockchain currently running in real-world production – Ethereum – to define enterprise-grade software capable of handling the most complex, highly demanding applications at the speed of business."
Learn more at: https://entethalliance.org/
This group includes companies like Intel, Microsoft, Bank of America, and J.P. Morgan (really, Jamie Dimon? Ha! Go figure!).

I repeat: This group includes companies like:

Intel, MSFT, J.P. Morgan, and BofA... let that marinate throughout the day.

05 - MASS ADOPTION (or lack thereof):
Your average neighbor, traditional investor, et al have no clue as to what Ether or Ethereum is, or even Bitcoin for that matter. I play this game all the time... At the supermarket, coffee shop, or wherever: they've got NO CLUE whatsoever when you open up a conversation about Blockchain, Crytpo, or Ethereum. This further drives the point that we are merely in the infrastructure phase, some say infancy phase... either way, the upward potential is unfathomable!

Remember, it was only 20 years ago when many of us were having the same types of conversations about this murky, new world including the Internet, AOL Chat rooms, or entering your credit card information on some Web page (whoa, scary... I'm not doing that!). Try to recall people discussing the future: "Someday you'll be doing your Banking on your cell phone"... that idea was so LAUGHABLE at the time. "This phone is so small, how or why would anyone want to buy things and do banking on it?"

06 - RETIRE EARLY!
OK, this all depends on how much you're willing to invest in ETH, and how much you feel you need for retirement. But, even if you only end up making profits of $10K-$20K by end of 2018 based on an investment today of $1,000 .... that's not too shabby, right? Go grab a new pre-owned vehicle or something nice, on ETH!

I'm personally, currently holding 30ETH. So I'm dreaming of a scenario where by 2020 the price of ETH is $9,000/ETH, making my total value at that time around $270,000 off an initial investment of ($6,000 - grabbed it at $200/ETH).

$300/ETH is still no JOKE right now, IMO.

Many crypto-experts are predicting $500 end of year, and most likely $thousands/ETH by the end of 2018. As a non-crypto expert, I'm going to throw out some predictions, just for fun!

December 31st, 2017: $600/ETH
December 31st, 2018: $6000/ETH

There are going to be loads of people in the near future who you'll hear saying "Should, Would, Coulda" because once there's another big break out, and ETH busts right through that $400 ceiling... SKY IS THE LIMIT, BABY!

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Thanks great post

You're welcome!

I wanted to buy ether but didnt so I will tomorrow. Thanks for your post bringing it to my attention.

You're welcome! I'm going to continue to add to my position as well, especially on pullbacks. 50ETH is my goal by Dec. 31st. People think it's foolish to mention ETH and Retirement in the same sentence. Time will tell.

good post and you will soon be attracting many followers

Appreciate it, and thanks for stopping by, Johnny!

What would be your idea of eventually?

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