Use Ethereum To Buy _HOT_

If you're not sure about using a digital wallet, and want to invest via an ETF, you can't do it yet. However, there is a Bitcoin ETF - GBTC, and you can invest in it or in Ethereum directly on eToro. You can also buy ethereum on a variety of platforms, including:

use ethereum to buy

Once you own ETH, the selling of ethereum is just like the opposite of buying. You simply place a sell order on the exchange - like Coinase or Binance. It's important to note that you don't have to sell Ethereum and receive cash for it.

The years-in-the-making, systemwide upgrade to the ethereum blockchain is set to roll out on Wednesday, marking one of the crypto sector's most historic events to date. Leading up to the overhaul, investors have been jumping into ether, the native token to ethereum.

"We believe post-merge the bull case for ethereum is going to be a lot stronger for a number of reasons," said Katie Talati, head of research at asset management firm Arca. The main factor, she says, is that supply is going to come way down, creating scarcity.

The hallmark of ethereum's big makeover is that it will take a lot less energy to verify transactions, which has long been a major problem for the crypto industry. The proof-of-stake model, which is replacing the proof-of-work model, requires validators on the network to put up their ether tokens, or "stake" them, essentially pulling them out of circulation for an extended period of time, in order to secure the network.

With the upgrade, ethereum won't become faster, cheaper or more scalable. One developer even told CNBC that if the user experience feels the same, that will be one sign that the merge was a total success.

Ethereum has set itself apart from rival chains, as more of an operating system for the industry. The vast majority of apps are built on top of ethereum, and the merge is the first in a series of planned upgrades that should ultimately result in faster and cheaper transactions.

I have been a member of localcryptos from that time it was called localethereum. I can say localcryptos is one of the most simple and easy sites to use. Their services are fast and efficient. I will recommend localcryptos to others.

Anyone calling localethereum.com a scam is a shill, a noob or just dumb. Like EBAY, you must look out for scammers who use the platform - but the LE platform is well built, easy to use and a great way to buy or sell Ethereum. Stick to trades with people with 40+ reviews and over 100 ETH in volume and you will not have any problems. The guys behind this are very active in the community and well respected. No ICO was done, and they focus on one simple task - facilitating trade of Ethereum.

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"This is the first step in ethereum's big journey toward being a very mature system, and there's still steps to go," ethereum creator Vitalik Buterin said on a YouTube livestream following the completion of the Merge. "We still have to scale, we still have to fix privacy, we still have to make the thing secure for regular users, we all need to work hard and do our part."

Say you wanted to mine cryptocurrency. You'd set up a powerful computer -- a "mining rig" -- to run software that attempts to solve complex cryptographic puzzles. Your rig competes with hundreds of thousands of miners around the world trying to solve the same puzzle. If your computer unscrambles the cryptography first, you win the right to "validate" a block -- that is, add new data to the blockchain. Doing so gives you a reward: Bitcoin miners get 6.25 bitcoin ($129,000) for every block they verify, while ethereum miners get 2 ether ($2,400) plus gas, which are the fees users pay on each transaction (which can be huge).

It takes a powerful computer to have a chance in this race, and people typically set up warehouses full of rigs for this purpose. This system is called "proof of work" because computers have to prove their energy expenditure by completing the energy-intensive task of unscrambling a puzzle. It's how bitcoin runs and, until Tuesday night, how ethereum ran.

The system is secure. Though scams and hacks are common in crypto, neither the bitcoin nor ethereum blockchains themselves have been compromised in the past. The downside, however, is obvious. As cryptographic puzzles become more complicated and more miners compete to solve them, energy expenditure soars.

The ethereum blockchain that people use is known as "mainnet," as distinguished from various "testnet" blockchains that are used only by developers. In December 2020, ethereum developers created a new network called the "beacon chain". The beacon chain is essentially the new ethereum.

The Merge saw the data held on ethereum's mainnet transferred to the beacon chain, which has now become the prime blockchain on ethereum's network. Continuing with the bus metaphor, it's as if all of the commuters from the old, less efficient buses are now being loaded onto the buses running less energy-intensive engines.

Absolutely. Critics of ethereum -- typically bitcoin enthusiasts -- compare the merge to changing the engine of an airplane in the middle of a passenger flight. At stake is not just the airplane, but the $188 billion worth of ether in circulation.

There are two primary reasons people predict ether's price will skyrocket following the Merge. First is the idea that ethereum fractioning its carbon footprint will make it easier for big companies to both invest in ether and create ethereum applications.

"The reality is, if you take the environmental caring part away, there are a lot of people who are not going to use it [ethereum] and not want to invest in it just based on ESG reasons," Charbonneau said, referring to environmental, social and corporate governance standards for ethical investing. "There are a lot of tech companies that have openly said, 'we are not going to do anything until after the Merge.'"

The second argument people make is a little more technical. Mining ethereum is costly; as electricity prices have gone up and crypto prices have gone down, even successful mining operations have begun to see red. To offset costs, miners typically sell most of the cryptocurrency they earn from mining. That creates millions of dollars of sell pressure each day as miners offload their ether. Now that ethereum is proof of stake, miners (or "validators" as they're now called) won't have to sell all the ether they earn, since validating blocks is so much cheaper than mining them via proof of work cryptography.

Others argue, however, that the Merge is already priced in. It's been in the works for seven years and many big-time investors, the argument goes, have put money on ethereum with the expectation that the Merge would be successful.

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Importantly, ethereum is also escaping the bearish sentiment affecting the stock market. Risk assets like stocks are struggling in response to persistently high inflation in the US and the worrying news that price rises have become embedded in the broader economy. For example, the wage-price spiral is now in effect, and inflation slowed only slightly to 6.4% in January of 2023 from 6.5% in December, less than market forecasts of 6.2%.

The macro backdrop for ethereum is bearish. We analyse various on-chain/flow metrics for ethereum, which are neutral. Overall, we are neutral to bearish on ETH in the short term. Therefore, if you have a two-to-four-week horizon, now may not be a good time to buy ethereum.

Furthermore, the correlation of ethereum to NASDAQ started to increase sharply just as US interest rates started to rise. This is a common occurrence throughout history. When the liquidity tap turns off, usually by central banks raising rates, the correlation between diverse assets shoots up. This time appears no different.

One exercise is to see how low prices could get were the NASDAQ to suffer a 2000-style crash. After all, the ethereum and NASDAQ correlation was around 80% until recently. So where the NASDAQ goes, ethereum follows.

Back in 2000, the NASDAQ suffered a 78% drawdown. Currently, the NASDAQ is in a 30% drawdown. A repeat of the 2000-style drawdown would put the NASDAQ at 3,500. So where would crypto be if NASDAQ were trading at this level? We estimate a regression between ethereum/bitcoin returns and NASDAQ returns from 2020 onwards. Based on this relationship, we find:

Should the currently restrictive environment of rising interest rates and recession risks subside, we could see ethereum return to its all-time high of $4,379 or even beyond. However, we caution that this scenario is unlikely in the short term and, like with any investment, it is impossible to say with certainty how high ethereum will go.

On the flip side, overregulation could stifle innovation by increasing censorship. The ongoing regulatory backdrop will be key to monitor. Lastly, on ethereum specifically, there is the much-anticipated merge. We previously covered its potential implications. The punchline was that it should be bullish for ethereum.

We think ethereum is a worthwhile long-term investment. However, we also note that ethereum is extremely volatile. That means it experiences large price movements over short periods. Before you invest in ETH, you must understand the risks involved: you could lose all or a large portion of your investment. Never invest money that you cannot afford to lose.

However, to invest in cryptocurrency, we must first understand it. Crypto tokens are unlike any traditional asset class. And they are all different. Just because you understand bitcoin, does not mean you know how ethereum works. Our video on bitcoin and ethereum fundamentals can help you understand how ethereum prices fluctuate and how to assess trends in important ethereum metrics. And the video below explains other cryptocurrencies that might put ethereum at risk. 041b061a72