How to buy Ethereum in August 2024?

[sonaa]

While Bitcoin is the top crypto currency based on its circulating coin value, Ethereum is no slouch.  With a market capitalization of over $380.51 billion as of July 25, 2024, it is the second leading form of cryptocurrency and has the support of business leaders such as Mark Cuban. 

  Investors expected the Danken upgrade to boost the price of Ethereum, but to their dismay, Ethereum fell by around 4%. 
 
 What's more, it is a profitable investment choice.  If invested for a long period of time it will be profitable, if you invested $1,000 in Ethereum in August 2015, after about six years your investment would be worth a staggering $2.23 million.

[_act_]

What's more, it is a profitable investment choice.  If invested for a long period of time it will be profitable, if you invested $1,000 in Ethereum in August 2015, after about six years your investment would be worth a staggering $2.23 million.

Ethereum was created on July 30th 2015. Its market capital was so small at the time. Having a market capital of over $380 billion now, we should not expect huge return on interest as it was in the past.

About the upgrade, gone are the days upgrade would result to increase in ether price. As many people also thought the upgrades helped in the past, you can see ether declined more in price during bear market.

[doc]

What's more, it is a profitable investment choice.  If invested for a long period of time it will be profitable, if you invested $1,000 in Ethereum in August 2015, after about six years your investment would be worth a staggering $2.23 million.

Ethereum was created on July 30th 2015. Its market capital was so small at the time. Having a market capital of over $380 billion now, we should not expect huge return on interest as it was in the past.

About the upgrade, gone are the days upgrade would result to increase in ether price. As many people also thought the upgrades helped in the past, you can see ether declined more in price during bear market.

I am not an ethereum lover, I prefer to buy bitcoin solana and BNB. because in my opinion ethereum's recent movements are not good, this is what made me decide to buy BNB and Solana with an amount that might be balanced with the bitcoin assets I have. And last week when bitcoin fell to the point that altcoin also fell I bought TON and ripple.

[Themepen]

I think Ethereum is strong contender in cryptocurrency market even though Bitcoin is leader. Ethereum has a lot of value and support from important people like Mark Cuban, which shows it has potential. Even though Danken upgrade did not increase price as expected Ethereum is still good long term investment.

By the way remember that investing in cryptocurrency is risky and market can be unpredictable. But Ethereum is well established option that could bring good returns in long run making it good choice for investors who want to diversify their portfolio.

[Crwth]

That is when it is super low and then taking advantage of the market before with the price really affordable compared to now.

I don’t think your topic makes sense because there is no instruction or query with buying Ethereum.

You could buy at exchanges.

[Azharul]

If we follow in the crypto currency market, we can see that bitcoin is the best profitable crypto in cryptocurrency market.  But we also know that ethereum is the second position crypto in crypto market. I do not investment in ethereum, because i believe that Bitcoin and BNB maybe more profitable than ethereum. But another if we invest in ethereum, it will be less profitable now. Because we know that ethereum is some down position now.

[Altlover]

That is when it is super low and then taking advantage of the market before with the price really affordable compared to now.It sounds like you're referring to the concept of buying an asset, like Ethereum, when its price is low and then benefiting from the increase in price as it becomes more valuable. This strategy is often called "buying the dip"If you have specific questions or need further details on how to approach this strategy or how it applies to Ethereum, feel free to ask!

I don’t think your topic makes sense because there is no instruction or query with buying Ethereum.

You could buy at exchanges.

[Faisal2202]

While Bitcoin is the top crypto currency based on its circulating coin value, Ethereum is no slouch.  With a market capitalization of over $380.51 billion as of July 25, 2024, it is the second leading form of cryptocurrency and has the support of business leaders such as Mark Cuban.

  Investors expected the Danken upgrade to boost the price of Ethereum, but to their dismay, Ethereum fell by around 4%.
 
 What's more, it is a profitable investment choice.  If invested for a long period of time it will be profitable, if you invested $1,000 in Ethereum in August 2015, after about six years your investment would be worth a staggering $2.23 million.

What! $2.23 million would be around 2,230x on our investment. In what sense did you make this prediction? Why in 6 years, and why do you think we could make such gains on a $1,000 investment in ETH? I don't think this is a practical prediction; there's no chart, no analysis, and no long-term projection. It seems like you made a guess without any proper knowledge.

Although ETH is a good choice for long-term investment, I really don't think it can provide such gains, even after the Danken upgrade. Why do you think the Danken upgrade will boost the price of ETH in six years? It seems too good to be true.

Although ETH is a good choice for long term investment but I reall don't think it can give us that much gains even after the danken upgrade. Why you think Danken upgrade will boost the price of ETH in six years. I mean this is so true to be right.

[MrSpasybo]

If we follow in the crypto currency market, we can see that bitcoin is the best profitable crypto in cryptocurrency market.  But we also know that ethereum is the second position crypto in crypto market. I do not investment in ethereum, because i believe that Bitcoin and BNB maybe more profitable than ethereum. But another if we invest in ethereum, it will be less profitable now. Because we know that ethereum is some down position now.

I don't think ETH has lost its position. ETH has always outperformed BTC in bull runs and continues to be favored by investors. BTC provides account security as investors can rest assured about BTC existence and price increases in the new cycle, while ETH balances return and risk: ETH has risen more sharply and has also consistently created new ATHs. BTC is Digital Gold while ETH is Digital Oil ^^

Currently, ETH hasn't shown impressive growth because we're still in Bitseason, not Altseason. Funds are currently concentrated in BTC rather than flowing into ETH and many top ALTS in the market. ETH Spot ETFs still have outflows so they can't have a positive impact on ETH price yet, but I believe that will happen soon and ETH price will soon increase strongly.

[nakmantu99]

If we follow in the crypto currency market, we can see that bitcoin is the best profitable crypto in cryptocurrency market.  But we also know that ethereum is the second position crypto in crypto market. I do not investment in ethereum, because i believe that Bitcoin and BNB maybe more profitable than ethereum. But another if we invest in ethereum, it will be less profitable now. Because we know that ethereum is some down position now.

Each investor has their own considerations in deciding which coin to choose, you can choose bitcoin and BNB if you are sure these two coins will be more profitable, because in my opinion ethereum has not been able to provide much profit in the last month. I also focus more on BNB, Solana, Matic and TON.

[Ricardo11]

At this moment, we should not think about the past and think about the future, because we will never get an opportunity like that in 2015, so we should think about what we can do in the future. Currently the market value of eth is very low, it would be wise to buy and hold at this moment. The market price of eth is currently $2,526.84, it will be around 3.5k-3.8K when Bitcoin is 70K, which will give us a good amount of profit at that time. So now you should invest and hold without wasting time.

[Jating]

I think it's obvious though, if we have Bitcoin as the prime mover of crypto, then Ethereum is for altcoin. Personally, I'm not a fan of Ethereum, I don't know, but perhaps it steamed on the beginning of my journey and I had a hard time creating and maintaining a Ethereum wallet. But in any case, I don't mind those enthusiast who thinks that Ethereum is their best investment. I would rather go full on Bitcoin. And checking the price from cmc,

$4,891.70
-48.6%

Still way below it's all time high, while Bitcoin has broken and established a new one and it might not be the peak as we will be seeing another all time high next year.

[ZAINmalik75]

While Bitcoin is the top crypto currency based on its circulating coin value, Ethereum is no slouch.  With a market capitalization of over $380.51 billion as of July 25, 2024, it is the second leading form of cryptocurrency and has the support of business leaders such as Mark Cuban.

  Investors expected the Danken upgrade to boost the price of Ethereum, but to their dismay, Ethereum fell by around 4%.
 
 What's more, it is a profitable investment choice.  If invested for a long period of time it will be profitable, if you invested $1,000 in Ethereum in August 2015, after about six years your investment would be worth a staggering $2.23 million.

Your title doesn't match the content of the post. I thought you would provide a tutorial on how to buy ETH.

ETH has not performed well, even after the approval of ETH ETFs. It did not meet investor expectations, and the approval of ETH ETFs was a significant event that should have driven the price of ETH up by at least 2x, but it didn't.

A similar situation occurred with the Duncan update. The price was pumped to $4,000, but now it's struggling to reach that level again. ETH might not provide the significant profits some expect; it's too much for ETH to handle.

[philipma1957]

I think most positive comment on eth are from people with a lot on the line.

If you got in at plus 4000 you are stuck bigly. So just keep talking it up hoping to get back into profit.

Does it mean eth will go back over 4000 i dont think it means it will. It might go up to 4k in the fall it might not.

[erus]

~snip~

$4,891.70
-48.6%

Still way below it's all time high, while Bitcoin has broken and established a new one and it might not be the peak as we will be seeing another all time high next year.

The minus is very big because it is almost -50% from the highest price for Ethereum. It seems that the hope for this Ethereum coin to rise is quite long and certainly takes months. The market cap of Ethereum is getting higher every day, that means to rise again beyond -50% there must be a lot of money circulating for this Ethereum coin. I can't imagine how much Fiat will be circulating when the price of Ethereum rises again to its all time high.