ETHEREUM TRADING

 

ethereum trading

What is Ethereum?

Ethereum is an open source, public, and decentralised global computing platform that features smart contract functionality and allows for the creation of decentralised applications commonly known as DApps. Ethereum is founded on the interactions between traditional centralised money system and the revolutionary decentralised blockchain technology to create a system that is truly secure, trustless and free from any control from governments or third parties.

First introduced in 2013 by the prodigious Vitalik Buterin and released in 2015, Ethereum has grown from its nascent stages to become a foundation to develop and deploy decentralised applications that run on the Ethereum network as programmed without any possibility of censorship, downtime, and fraud or third-party interference.

To do this, programmers rely on smart contracts – pieces of code that run on the blockchain – to script a wide range of DApps such as digital collectables, virtual real estate assets, robust insurance contracts, games, financial products, and online voting systems among others.

Ideally, Ethereum has done what Bitcoin could not do – taking the blockchain away from financial limitedness and expanded its scope manifold so that it could be useful to other industries besides the crypto industry. Ethereum architecture has two aspects – the Ethereum blockchain and the cryptocurrency known as ether.

The Ethereum blockchain is really the backbone behind the network that allows the sharing of information across the globe in a way that cannot be manipulated or changed. It enables developers to create whatever applications they want, and anyone within the Ethereum network can access these products, applications, and services without the risk of third party interference and censorship.

The Native Ethereum cryptocurrency is known as “ether” but commonly referred by it’s the platform’s name – Ethereum (ETH). Ethereum is ideally a utility token that allows users to pay for services offered by the project. Its value is hugely pegged to the entire Ethereum project and its software framework.

What Is Ethereum Trading?

Ethereum (Ether or ETH) is the digital coin of the Ethereum platform and is becoming one of the most preferred and most profitable technology to invest in. Since its inception in 2015, Ethereum has grown in reaps, allowing investors to rake in returns through Ethereum trading. It is the second most popular and financially stable cryptocurrency after Bitcoin, perhaps due to its heightened possibilities of real-life applications.

Ethereum trading typically refers to either buying and selling of actual cryptocurrency (also known as Buy and hold) or buying and selling assets against the prevailing market value of the ether token. If you buy Ethereum, you’re investing your money into a unique, transformational platform that is slowly changing how we transact online. However, this is a more cumbersome and time consuming process that requires the investors to physically buy Ethereum, hold the coins in a virtual wallet for some time until their market price has significantly risen and then sell them off. This is considered a long-term investment and requires a significant amount of money to make any meaningful gains.

On the other hand, you can actively trade Ethereum by reacting quickly to price changes of ether for their real world value in currency without physically purchasing it. Ethereum trading relies on short term price volatility and is considered a safer trading option since you don’t have to buy Ethereum, neither do you have to maintain a virtual wallet. Ethereum trading happens within shorter time frames; hence is a more short-term investment.

To start Ethereum trading, you will need to:

  • Open an account with a trading platform such as XTRgate for trading this cryptocurrency
  • Deposit some money into your account to start trading. This will depend on the account type opened. If you’re a beginner trader, you can open a basic XTRgate account and deposit money between $250 and $1000 to start trading. As you get more experienced, you can choose other account types that have higher deposit limits.
  • Take the money from your account and invest in Ethereum
  • Start trading Ethereum by making informed decisions on whether you want to trade long or short.

Why You Should Trade Ethereum with XTRgate

Here are a few reasons why XTRgate is a great trading platform for both beginner and experienced traders:

  • Education

At XTRgate, we have a highly-informative trading academy that is curated to suit the needs for both beginner and professional traders. If you’re a beginner, you’ll find our free beginner courses really helpful as you continue horning your experience. Our in-depth courses, eBooks, weekly market reviews and asset index are specially prepared to give you the much-needed knowledge that will help you rake in top dollar in Ethereum trading.

  • Highly Intuitive, Innovative Trading Platform

We understand how challenging it can be to trade cryptocurrencies. We have therefore developed our system in a way that is easy-to-use so that you can have superior trading experience. Our system is versatile enough to be accessed through both mobile and desktop devices and have a wide range of 32 robust trading pairs.

You can trade with Fiat currencies such as USD, Euro and Australians dollar, making it super easy to crossover between Fiat currencies and crypto seamlessly. You can also quickly shift between crypto pairs without the need to exchange for fiat currency. This, ultimately, makes the whole trading experience cheaper, smoother and more convenient.

Some of the other features that make our system to stand out include highly informative reports, instrument popularity feature, automatic price alerts, stop loss feature, margin trading and one-click trading that allows you to make quick and informed trading decisions.

  • Initial Capital Offerings

Besides our wide variety of pairings, we also give our users early access to highly-demanded ICO projects that can enable you to buy into a project early enough at discounted token prices. This can help you make significant profits in the long run.

  • Different Account Types For Different Users

The XTRgate platform is designed to allow both novice and experienced traders to trade without taking unnecessary risks. We, therefore, have different account types that have distinct features and which require a different minimum and maximum cash deposits. You can either choose to sign up for a Basic, Bronze, Silver, Gold, Platinum or a Black account depending on your needs.

  • 24/7 Support

Whenever you have an issue and would like some help, we have a highly experienced support team working around the clock to help you whenever you’re stuck.

  • Highly Secure

Our system has some of the best, industry-standard security protocols to make sure that user information and trades are protected from hackers and spammers.

Ethereum Price History and Future Predictions

Since the Ethereum’s inception, it has continuously grown to become one of the largest contract platforms of its kind, and the second-largest cryptocurrency in market capitalisation, after Bitcoin. Its rapid increase in price has seen many investors preferring it over other coins.

Over the years, Ethereum price has been quite volatile, making it even more profitable to invest in since this volatility has driven the interest of more investors and developers.

Ethereum’s price changes can significantly be affected by a host of unique dynamics, such as:

  • Market manipulation: traders can influence market prices by randomly buying or selling in significantly huge quantities.
  • Availability: Over time, new ether units will be mined and lost hence significantly affecting its availability.
  • Government regulation: Any new government policy or supervision guideline can quickly affect Ethereum’s market prices.
  • Wider acceptance: As more organisations and banks buy into the changing Ethereum ecosystem, prices are expected to shift.
  • Media Coverage: Like other cryptocurrencies, negative press around major hacks and security lapses such as the infamous DAO hack can significantly affect Ethereum’s market prices since it impacts the public perception of ether’s value.

Major Ethereum Price shifts since 2015

  • July 2014: First Ether token sale at a total of $14 million
  • September 2014: ETH prices surge rapidly
  • July 2015: Launch of frontier announced
  • May 2016: Increased media attention leads to a $150 million sourced from a crowd sale event
  • June 2016: Infamous DAO hack makes away with more than $50M worth of ETH overnight. There is a major price deep.
  • February 2017: Enterprise Ethereum Alliance is announced, leading to an all-time high price increase.
  • May 2017: Endorsement by high-profile members. Ether prices continue to soar
  • In 2017 alone, the price of a single ether token rose from around $8.23 to a whopping $742 at the end of the year.
  • December 2017: Ethereum crosses the $740 mark
  • Jan 2018: Ethereum scales to $1,432
  • Shortly, there is major volatility, and prices start falling, reaching $300.
  • May 2018: The Ethereum Improvement Proposal (EIP) shifts the prices. The token’s price starts increasing.
  • 2019: More stable prices after improved Ethereum standards.

So What Lies Ahead For Ethereum?

Since the real value of Ethereum, lies in its overall technological potential, any major technological shift is expected to see a significant increase in its prices. Generally, the price of Ethereum is expected to continue rising as more developments are underway.

Particularly, the Ethereum 2.0 project that is planned for launch sometime in early 2020 is expected to see a significant shift in prices. This project is multifaceted but is basically aimed at improving scalability and reducing transactional times and costs.

Ethereum Trading Vs. Bitcoin Trading?

Ethereum is being touted as a more superior decentralised platform compared to Bitcoin. While both Bitcoin and Ethereum are founded on the principles of cryptography and distributed ledgers, they are uniquely different in a number of ways:

  • Ethereum is ideally a more established, open-ended, decentralised software platform that allows the deployment of DApps and smart contracts that go beyond payment-service only and can be used in other industries other than the financial industry. On the other hand, Bitcoin is primarily aimed at decentralising currency.
  • Ethereum has a much faster block time of seconds, unlike the minutes-long Bitcoin block time.
  • Bitcoin has a maximum cap of 21 million coins to be mined while Ethereum has no typical limit on the number of tokens that can be mined and circulated.
  • While both coins have had significant price surges, the price of Bitcoin has generally been higher than that of single Ether unit, making it easier to buy and trade Ethereum as compared to Bitcoin.

Ethereum and Bitcoin present unique advantages to both traders and the crypto community. However, it is the popularity and rising market capitalisation of Ethereum that makes it a formidable force in crypto trading.

While it’s still below Bitcoin in market capitalisation, Ethereum is a more popular coin that is set to see significant volatility due to upcoming technological changes on its ecosystem, hence placing it at an advantage over Bitcoin. This price volatility and its relatively low prices are ideal for both novice and expert traders since it presents significant returns than with Bitcoin trading.

Basic Ethereum Trading Rules for Beginners?

  • Embrace Diversification: When trading with Ethereum, it is advised to also trade in other coins such as Bitcoin to cover for the losses that may occur due to ether’s volatility. Having a diversified investment portfolio also means that you’ll enjoy significant returns whenever the prices of other coins increase.
  • Invest what you can afford to lose: As with all other investments, it is essential only to put as much investment as you can comfortably lose. Since the cryptocurrency market is insanely volatile, you should be prepared for both gains and losses.
  • If you’re just beginning in crypto trading, start trading prominent coins only such as Bitcoin and Ethereum.
  • Ethereum trading and Bitcoin Trading is not for greedy people. Trading cryptocurrencies requires immense levels of discipline and patience to get any significant profits.

The Bottom Line?

Trading Ethereum can be an enthralling and profitable venture if done correctly. It is also a highly risky investment, especially without the right knowledge and tools. XTRgate offers both new and experienced traders a robust, intuitive and highly versatile platform for Ethereum trading. And the good news is, you don’t have to buy Ethereum and will only trade against its market price volatility. Sign up today to start an exciting trading experience.

ETHEREUM TRADING

ethereum trading

What is Ethereum?

Ethereum is an open source, public, and decentralised global computing platform that features smart contract functionality and allows for the creation of decentralised applications commonly known as DApps. Ethereum is founded on the interactions between traditional centralised money system and the revolutionary decentralised blockchain technology to create a system that is truly secure, trustless and free from any control from governments or third parties.

First introduced in 2013 by the prodigious Vitalik Buterin and released in 2015, Ethereum has grown from its nascent stages to become a foundation to develop and deploy decentralised applications that run on the Ethereum network as programmed without any possibility of censorship, downtime, and fraud or third-party interference.

To do this, programmers rely on smart contracts – pieces of code that run on the blockchain – to script a wide range of DApps such as digital collectables, virtual real estate assets, robust insurance contracts, games, financial products, and online voting systems among others.

Ideally, Ethereum has done what Bitcoin could not do – taking the blockchain away from financial limitedness and expanded its scope manifold so that it could be useful to other industries besides the crypto industry. Ethereum architecture has two aspects – the Ethereum blockchain and the cryptocurrency known as ether.

The Ethereum blockchain is really the backbone behind the network that allows the sharing of information across the globe in a way that cannot be manipulated or changed. It enables developers to create whatever applications they want, and anyone within the Ethereum network can access these products, applications, and services without the risk of third party interference and censorship.

The Native Ethereum cryptocurrency is known as “ether” but commonly referred by it’s the platform’s name – Ethereum (ETH). Ethereum is ideally a utility token that allows users to pay for services offered by the project. Its value is hugely pegged to the entire Ethereum project and its software framework.

What Is Ethereum Trading?

Ethereum (Ether or ETH) is the digital coin of the Ethereum platform and is becoming one of the most preferred and most profitable technology to invest in. Since its inception in 2015, Ethereum has grown in reaps, allowing investors to rake in returns through Ethereum trading. It is the second most popular and financially stable cryptocurrency after Bitcoin, perhaps due to its heightened possibilities of real-life applications.

Ethereum trading typically refers to either buying and selling of actual cryptocurrency (also known as Buy and hold) or buying and selling assets against the prevailing market value of the ether token. If you buy Ethereum, you’re investing your money into a unique, transformational platform that is slowly changing how we transact online. However, this is a more cumbersome and time consuming process that requires the investors to physically buy Ethereum, hold the coins in a virtual wallet for some time until their market price has significantly risen and then sell them off. This is considered a long-term investment and requires a significant amount of money to make any meaningful gains.

On the other hand, you can actively trade Ethereum by reacting quickly to price changes of ether for their real world value in currency without physically purchasing it. Ethereum trading relies on short term price volatility and is considered a safer trading option since you don’t have to buy Ethereum, neither do you have to maintain a virtual wallet. Ethereum trading happens within shorter time frames; hence is a more short-term investment.

To start Ethereum trading, you will need to:

  • Open an account with a trading platform such as XTRgate for trading this cryptocurrency
  • Deposit some money into your account to start trading. This will depend on the account type opened. If you’re a beginner trader, you can open a basic XTRgate account and deposit money between $250 and $1000 to start trading. As you get more experienced, you can choose other account types that have higher deposit limits.
  • Take the money from your account and invest in Ethereum
  • Start trading Ethereum by making informed decisions on whether you want to trade long or short.

Why You Should Trade Ethereum with XTRgate

Here are a few reasons why XTRgate is a great trading platform for both beginner and experienced traders:

  • Education

At XTRgate, we have a highly-informative trading academy that is curated to suit the needs for both beginner and professional traders. If you’re a beginner, you’ll find our free beginner courses really helpful as you continue horning your experience. Our in-depth courses, eBooks, weekly market reviews and asset index are specially prepared to give you the much-needed knowledge that will help you rake in top dollar in Ethereum trading.

  • Highly Intuitive, Innovative Trading Platform

We understand how challenging it can be to trade cryptocurrencies. We have therefore developed our system in a way that is easy-to-use so that you can have superior trading experience. Our system is versatile enough to be accessed through both mobile and desktop devices and have a wide range of 32 robust trading pairs.

You can trade with Fiat currencies such as USD, Euro and Australians dollar, making it super easy to crossover between Fiat currencies and crypto seamlessly. You can also quickly shift between crypto pairs without the need to exchange for fiat currency. This, ultimately, makes the whole trading experience cheaper, smoother and more convenient.

Some of the other features that make our system to stand out include highly informative reports, instrument popularity feature, automatic price alerts, stop loss feature, margin trading and one-click trading that allows you to make quick and informed trading decisions.

  • Initial Capital Offerings

Besides our wide variety of pairings, we also give our users early access to highly-demanded ICO projects that can enable you to buy into a project early enough at discounted token prices. This can help you make significant profits in the long run.

  • Different Account Types For Different Users

The XTRgate platform is designed to allow both novice and experienced traders to trade without taking unnecessary risks. We, therefore, have different account types that have distinct features and which require a different minimum and maximum cash deposits. You can either choose to sign up for a Basic, Bronze, Silver, Gold, Platinum or a Black account depending on your needs.

  • 24/7 Support

Whenever you have an issue and would like some help, we have a highly experienced support team working around the clock to help you whenever you’re stuck.

  • Highly Secure

Our system has some of the best, industry-standard security protocols to make sure that user information and trades are protected from hackers and spammers.

Ethereum Price History and Future Predictions

Since the Ethereum’s inception, it has continuously grown to become one of the largest contract platforms of its kind, and the second-largest cryptocurrency in market capitalisation, after Bitcoin. Its rapid increase in price has seen many investors preferring it over other coins.

Over the years, Ethereum price has been quite volatile, making it even more profitable to invest in since this volatility has driven the interest of more investors and developers.

Ethereum’s price changes can significantly be affected by a host of unique dynamics, such as:

  • Market manipulation: traders can influence market prices by randomly buying or selling in significantly huge quantities.
  • Availability: Over time, new ether units will be mined and lost hence significantly affecting its availability.
  • Government regulation: Any new government policy or supervision guideline can quickly affect Ethereum’s market prices.
  • Wider acceptance: As more organisations and banks buy into the changing Ethereum ecosystem, prices are expected to shift.
  • Media Coverage: Like other cryptocurrencies, negative press around major hacks and security lapses such as the infamous DAO hack can significantly affect Ethereum’s market prices since it impacts the public perception of ether’s value.

Major Ethereum Price shifts since 2015

  • July 2014: First Ether token sale at a total of $14 million
  • September 2014: ETH prices surge rapidly
  • July 2015: Launch of frontier announced
  • May 2016: Increased media attention leads to a $150 million sourced from a crowd sale event
  • June 2016: Infamous DAO hack makes away with more than $50M worth of ETH overnight. There is a major price deep.
  • February 2017: Enterprise Ethereum Alliance is announced, leading to an all-time high price increase.
  • May 2017: Endorsement by high-profile members. Ether prices continue to soar
  • In 2017 alone, the price of a single ether token rose from around $8.23 to a whopping $742 at the end of the year.
  • December 2017: Ethereum crosses the $740 mark
  • Jan 2018: Ethereum scales to $1,432
  • Shortly, there is major volatility, and prices start falling, reaching $300.
  • May 2018: The Ethereum Improvement Proposal (EIP) shifts the prices. The token’s price starts increasing.
  • 2019: More stable prices after improved Ethereum standards.

So What Lies Ahead For Ethereum?

Since the real value of Ethereum, lies in its overall technological potential, any major technological shift is expected to see a significant increase in its prices. Generally, the price of Ethereum is expected to continue rising as more developments are underway.

Particularly, the Ethereum 2.0 project that is planned for launch sometime in early 2020 is expected to see a significant shift in prices. This project is multifaceted but is basically aimed at improving scalability and reducing transactional times and costs.

Ethereum Trading Vs. Bitcoin Trading?

Ethereum is being touted as a more superior decentralised platform compared to Bitcoin. While both Bitcoin and Ethereum are founded on the principles of cryptography and distributed ledgers, they are uniquely different in a number of ways:

  • Ethereum is ideally a more established, open-ended, decentralised software platform that allows the deployment of DApps and smart contracts that go beyond payment-service only and can be used in other industries other than the financial industry. On the other hand, Bitcoin is primarily aimed at decentralising currency.
  • Ethereum has a much faster block time of seconds, unlike the minutes-long Bitcoin block time.
  • Bitcoin has a maximum cap of 21 million coins to be mined while Ethereum has no typical limit on the number of tokens that can be mined and circulated.
  • While both coins have had significant price surges, the price of Bitcoin has generally been higher than that of single Ether unit, making it easier to buy and trade Ethereum as compared to Bitcoin.

Ethereum and Bitcoin present unique advantages to both traders and the crypto community. However, it is the popularity and rising market capitalisation of Ethereum that makes it a formidable force in crypto trading.

While it’s still below Bitcoin in market capitalisation, Ethereum is a more popular coin that is set to see significant volatility due to upcoming technological changes on its ecosystem, hence placing it at an advantage over Bitcoin. This price volatility and its relatively low prices are ideal for both novice and expert traders since it presents significant returns than with Bitcoin trading.

Basic Ethereum Trading Rules for Beginners?

  • Embrace Diversification: When trading with Ethereum, it is advised to also trade in other coins such as Bitcoin to cover for the losses that may occur due to ether’s volatility. Having a diversified investment portfolio also means that you’ll enjoy significant returns whenever the prices of other coins increase.
  • Invest what you can afford to lose: As with all other investments, it is essential only to put as much investment as you can comfortably lose. Since the cryptocurrency market is insanely volatile, you should be prepared for both gains and losses.
  • If you’re just beginning in crypto trading, start trading prominent coins only such as Bitcoin and Ethereum.
  • Ethereum trading and Bitcoin Trading is not for greedy people. Trading cryptocurrencies requires immense levels of discipline and patience to get any significant profits.

The Bottom Line?

Trading Ethereum can be an enthralling and profitable venture if done correctly. It is also a highly risky investment, especially without the right knowledge and tools. XTRgate offers both new and experienced traders a robust, intuitive and highly versatile platform for Ethereum trading. And the good news is, you don’t have to buy Ethereum and will only trade against its market price volatility. Sign up today to start an exciting trading experience.