What is Ethereum CryptoCurrency and How to Make Money From it

Somebody demanded for this post and I’m officially writing
it so that everyone can benefit. This is the first cryptocurrency post I’ll
make this year and I’m going to make it so brief and easy to understand.

If you are looking for a viable investment to make and earn
huge returns, then this post might be for you. Same time last year, bitcoin was
around $1000, and by year end, it surge close to $17000. But I’m not here to
tell you about bitcoin… but Ethereum. There are other profitable Altcoins but I’ll focus today on Ether.
Ethereum crypto currency
Ethereum is a rising star in the cryptocurrency
world. It has quickly become the second largest digital currency in just over
two years.
What is Ethereum?
Ether is the second most valuable form of digital money
after Bitcoin in terms of market value. The technology it runs on is called the
ethereum blockchain, which was first described by the then 19-year-old bitcoin
programmer Vitalik Buterin in 2013; and the purpose of Ethereum is to be a
platform on which smart contracts can be built and run.

What are Ethereum Smart Contract?
smart contracts are programs that execute exactly as they
are set up to by their creators. Read more about smart contracts here.
How do I Get Ethereum?

Just like normal money, you can earn it by providing goods or services, and
asking people to pay you in Ether. This is often a cheaper and easier
alternative to other payment methods, and one of the easiest ways to get your
hands on some Ether.

Another way is how most people get it: buy Ether from a credible Ether
broker, or from and exchange provider.

How Can I buy Ether?
You can buy Ethereum from 
Luno here
Or if you have a blockchain.info account, you can convert
your bitcoin to ether directly from your block chain account.
The current price of Ethereum is $1069 (N417,440) but
analyst have forecasted that the price of Ether will likely hit $5,000 before the
end of 2018. So even if you have upto 1 Ethereum and hodl, you’ll benefit from
it.
December  last year,
ethereum was $442 and as at the time of writing, it is valued at $1068. 3
months from now, the price would have triple.

How Can I Sell my Ethereum?
You can easily sell your Ethereum on Luno and collect the
Naira equivalent directly to your bank account or if you want it the easier
way, we have lots of bitcoin/ethereum merchants that I can recommend. 
Note that the best form of investment you can do this January
is investement into Crypto-Currency.
Can I Trade Ethereum and other Altcoin?
Yes, you can trade Ethereum, and other upcoming Altcoin on
coinexchange, hitbtc etc. You can register for a free coinexchange account
here.
Remember, If you had bought 2 bitcoin when the price was
$1020 last year, by now you would have been $22,000 (N8030000) richer.
Opportunity will always come inform of singlet and boxer, it
is left for you to know which opportunity to clothe. Being Poor is simply Passing Over Opportunity Repeatedly.
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32 thoughts on “What is Ethereum CryptoCurrency and How to Make Money From it

    • Just like the way you can buy pieces of bitcoin with any amounts of dollar or naira, you can also buy pieces of ethereum called ether with any amount.

      You must not necessarily buy 1 ethereum but you can buy lesser than that depending on the dept of your pocket.

  1. But to buy from luno, you must have an account and deposit some money there right? Isn't it possible someone buy from third party credible dealers and store in the blockchain account?
    If yes, can you recommend a third party retailer for me?

    • There is away to earn coins even bitcoin and ethereum but the most common one currently is coins which have smart contract on ethereum through airdrops but mostly you have to advert for them through retweet and post then they will send you there free coin after the end of airdrop program ended though they have limited number of applicants they accepts and you have to be fast in filling the form . if you have a twitter account and ethereum address fill this form is for ios token https://t.iost.io/?c=qmkx7oTf….most airdrops require you to have facebook account, bitcointalk account, reddit and steemit account….

    • Login to Blockchain.info from desktop, you'll see exchange. Click on the exchange, and the amount of bitcoin you wish to change to ether, it will process it and you'll have your ether.

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