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[AudraMiller]

There are many people that are getting into cryptocurrency, however it is not as plain cut as it was a few years ago when it comes to people first getting involved with bitcoin and then branching out. In fact in a recent news article it seems that there are a lot of people that are opting for some of the altcoins rather than bitcoin for their initial investment. As a result many altcoins such as ethereum have seen a massive rise in its users. In a recent article it has been seen that out of all of the ethereum wallet addresses that have been created since its development and release, there has been 23% of them (almost a quarter) that were generated this year alone. What are your thoughts on this?

 

[Mariappa45]

Those who invested in ETH early this year isn't running at loss, the coin have always been on the massive development since the year turnover.

 

[Wisdom01]

Many people are considering the coin now they found it cheap than Bitcoin and they are ready to purchase and hold till the price reaches a high point many still believe ethereum would reach Bitcoin pattern

 

[Wisdom01]

Yes so many are turning Ethereum into their investment coin , they probably have seen the possibilities of them gaining off the coin , so they probably turning it to their best set of coin and others that could give them returns

 

[HMMY1]

There are many people that are getting into cryptocurrency, however it is not as plain cut as it was a few years ago when it comes to people first getting involved with bitcoin and then branching out. In fact in a recent news article it seems that there are a lot of people that are opting for some of the altcoins rather than bitcoin for their initial investment. As a result many altcoins such as ethereum have seen a massive rise in its users. In a recent article it has been seen that out of all of the ethereum wallet addresses that have been created since its development and release, there has been 23% of them (almost a quarter) that were generated this year alone. What are your thoughts on this?

Absolutely most of the people earn money by investing in cryptocurrency only or they are earning money through trading at some other altcoin like ethereum Because a lot of people are now investing in inferior as well, due to which its value is increasing.Whose bitcoin price has become very high 31 $65000 But as its price decreased, it got braked at around $18000. Compared to Ethereum Its value did not go down much, that is why people are trading more in it.

 

[Wisdom01]

I believe that since trading already comes with great risks ,those that are investing are always taking caution ,one thing I have noticed is that the way you could be earning from trading ,is the same way the person could actually be losing from it too

 

[Wisdom01]

You are absolutely right. Trading involves a great deal of risk, and it's important to exercise caution and do your research before making any investment decisions. Need to solid understanding of the market and the underlying assets you're trading.

Thats why a trader must understand the important factors attached to investing , studying the market and understanding it before investing is really good , it's one thing the trader must take into consideration

 

[Riberet19]

Yes so many are turning Ethereum into their investment coin , they probably have seen the possibilities of them gaining off the coin , so they probably turning it to their best set of coin and others that could give them returns

Yes, Ethereum by far remains the second cryptocurrency in the market in capitalization and recognition, it is a consolidated cryptocurrency with a good trajectory, many see it with good eyes for the future, I among them, I think that it still has much to offer and still its best years have not arrived

 

[Riberet19]

The upcoming ETH 2.0 upgrade, which will transition the network to a more energy-efficient proof-of-stake consensus mechanism, is also highly anticipated and could bring significant improvements to the network's scalability and transaction speed. With all these developments, it's no surprise that Ethereum remains one of the top cryptocurrencies in the market, and its future certainly looks promising.

Exactly, its development does not stop, and when the roadmap of ethereum 2.0 ends sure it will begin its transition to ethereum 3.0, that is what gives value to Ethereum, I hope that in one of its updates the commissions will go down progressively, that would make Ethereum an even more attractive network.

 

[gammarays]

Post was made in 2021 during the bull run. Things have been different not just for Ethereum but other crypto tokens. Compared to it's low of $900+ last year, it has crossed 50% increase at it's current price.