19/01/2018

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 comments :

  1. Why's the purchase price for one ether so high? Meaning one needs an extremely huge amount to invest.

    ReplyDelete
    Replies
    1. 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.

      Delete
    2. Yes Ether is fastly becoming a mainstay in the Crypto business. You can always buy a cheaper amount. You can get ether of just $1 and keep it and wait as the value increases.

      Commenting from Naija Info Blog

      Delete
  2. BTC investors are weeping so badly

    ReplyDelete
  3. Nice one.
    Mr Yomi thanks for this update.

    ReplyDelete
  4. 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?

    ReplyDelete
  5. Still don't understand all this coins currency stuff

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  6. really serious capital is needed to venture into this. but either way, money is needed to make more money

    ReplyDelete
  7. Boss yomi is dre no way to earn the coins for real....asap

    ReplyDelete
    Replies
    1. There's a way to earn through mining but it's not a get rich quick model. Just data and real patience, been doing this since last year.


      Delete
    2. 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....

      Delete
    3. You can earn free crytocurrencies with easy method. Just read and make your choice.

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    4. Mr Oladejo temitope abeg show me the way and Mr Temitope show me the way abeg lets exchange numbers

      Delete
  8. Already bought. Crypto is the future. Guys stop procrastinating and get yourself some BTC or Ether.

    ReplyDelete
  9. This is another good crypto currency

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  10. Boss, whats the best wallet for ethereum?
    and how do i identify ethereum based tokens so as to move my funds from an exchange?

    ReplyDelete
    Replies
    1. I use Blockchain.info wallet an luno wallet.

      Delete
    2. Plz prof, how is the price of Ether now? Is it advisable for one to invest now?

      Delete
  11. Good one.... Hope ether has their own wallet?..... Link?

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  12. Please how do I exchange bitcoin for ether on blockchain.info

    ReplyDelete
    Replies
    1. 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.

      Delete
  13. Bitcoin investors must be filled with regrets, don't waste time any further, get yourself Cryptocurrency.

    ReplyDelete
  14. Ethereum will be more profitable this year...but invest wisely, buy when the price drop

    ReplyDelete
  15. I earn ethereum for free through the process of Airdrop as a Mr alabi temitope as said, I host a telegram group in which people are currently earning from it for free

    🗣get more updates on airdrops, bounties and ICO'S at https://t.me/airdroppark

    You can as well read my post at

    https://steemit.com/airhawk-project/@mrengage/airdrop-another-money-making-oppurtunity-in-nigeria-2017112t12375359z

    ReplyDelete
  16. Thank you prof for this info, God bless
    For those of use using luno wallet, you can enter this promotion code MM5A2. Thanks

    ReplyDelete

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