How to buy Ethereum in August 2024?

[hugeblack]

Ethereum is the most successful altcoin in terms of value and investment but this reliance on market cap to rank coins is very misleading. The reason for Ethereum’s success is that it is something new and handles smart contracts better than Bitcoin and the option to create an accounting model closer to bank accounts and move to a POS is the real challenge as to whether the coin will be successful or if it will cause it to become just an altcoin.

[ABCbits]

I'm not sure what OP is trying to tell. The title suggest he ask about buying ETH, but the thread itself is about how profitable to invest in ETH.

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.

There's reason why phrase "Past Performance Is No a Guarantee of Future Results" exist. It's hard to imagine ETH price will rise by 2230x in next 9 years.

[Vision pro]

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.

Regarding upgrades, Ethereum has indeed gone through several important upgrades, such as the shift to Proof of Stake (PoS) with the Merge. While these upgrades have long-term benefits like reducing energy consumption and potentially deflationary pressure on ETH supply, they don't always lead to immediate price increases. Market dynamics, broader economic conditions, and investor sentiment now play a larger role in ETH's price movements than just technological upgrades.

[nakmantu99]

Ethereum is the most successful altcoin in terms of value and investment but this reliance on market cap to rank coins is very misleading. The reason for Ethereum’s success is that it is something new and handles smart contracts better than Bitcoin and the option to create an accounting model closer to bank accounts and move to a POS is the real challenge as to whether the coin will be successful or if it will cause it to become just an altcoin.

Many investors believe more in the ethereum network than other networks such as binance smart cain, solana, tron, TON etc. This is proof that as a coin that has the most exclusive smart contract that is still trusted by many people even though in the past it had a high gas fee problem, but currently ethereum gas fees are getting cheaper and can compete.

[MUGNIA]

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.

The price of 4000 is quite high at the moment, if you force yourself to enter you will be trapped where the current crypto movement is very difficult to predict and sometimes beyond predictions, so I think investing in ETH must be prepared for the risk of being involved if there is a decline again

[philipma1957]

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.

Regarding upgrades, Ethereum has indeed gone through several important upgrades, such as the shift to Proof of Stake (PoS) with the Merge. While these upgrades have long-term benefits like reducing energy consumption and potentially deflationary pressure on ETH supply, they don't always lead to immediate price increases. Market dynamics, broader economic conditions, and investor sentiment now play a larger role in ETH's price movements than just technological upgrades.

one can argue eths choice to go pos set back all of crypto as avoidance of pow 💥 causes terrible incentives to correct pow.


for example in NEW YORK CITY Con Ed burns tons of natural gas to make steam which drives steam turbine to make power.

 Around 50 percent of all the power needed to run all the btc mining in the world if used in NYC making that steam.

if all coins were pow the incentive to build.

gas to steam to turbine to power to mining gear  to liquid cooling to steam to turbines means 90% recapture of the same energy already being used. and Con Ed could run 50% of the worlds btc mining using only ten percent of the current energy.

and earn btc which would subsidize power cost for NYC.

instead eth ran from pow and the world suffers fro that decision.

my energy recapture idea is sound but unfortunately eth decide to run away and hide from pow. do none of us any favors.  instead they could have pushed a cutting edge proof of concept and choose not to.

Yet another reason ETH has no real legs and POW will eventually do what I am saying.

[Hisbullah]

Ethereum is the most successful altcoin in terms of value and investment but this reliance on market cap to rank coins is very misleading. The reason for Ethereum’s success is that it is something new and handles smart contracts better than Bitcoin and the option to create an accounting model closer to bank accounts and move to a POS is the real challenge as to whether the coin will be successful or if it will cause it to become just an altcoin.

I agree with you who said that ethereum is a better smart contract than bitcoin, that's what makes ethereum successful. but currently there are many smart contracts competing with ethereum, although ethereum is still the king of altcoins. BNB, Solanan and the last one we have TON also have good potential, but it seems that the network is difficult to beat ethereum.
Back to the OP's post, if you want to buy young ethereum, just buy it on the exchange, because the current price of $ 2,525 is a low price, it still has the potential to make a profit.

[ZAINmalik75]

The price of 4000 is quite high at the moment, if you force yourself to enter you will be trapped where the current crypto movement is very difficult to predict and sometimes beyond predictions, so I think investing in ETH must be prepared for the risk of being involved if there is a decline again

Currently, the price of ETH is not at $4,000, but given the current crypto market trends, this could be a good time to consider an entry into ETH. Many of us believe that ETH will eventually surpass its all-time high (ATH) again. The Duncan update previously helped ETH reach the $4,000 mark, and the approval of an ETF should also boost the price back to this level. However, these events did not perform as well as expected.

Investing in any token carries risk, and ETH is no exception. That said, the risk associated with ETH is relatively lower because it is unlikely to see a significant drop from its current levels. While the chances of a near-term pump are also limited, we may have to wait until 2025 or for a period when BTC starts to rise, as this typically causes the entire altcoin market to follow suit.

[Bobcrypto]

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.

Etheruem remain a profitable investment token any day, the price of ether has been consistent with the crypto market price movements, and there is no doubt Ether may remains on the number two best performing token for a long time. Etheruem is a great project with huge marketcap, with a large community of users.
However, investing on etheruem depends on it demands at a particular period. As a matter of facts, to buy etheruem on August or September at lower price, or market dip prices may not happen because there other factors that can boost token price increase besides the demand. It is advisable to buy when the market gos dip.

[Cantsay]

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.

I’m still trying to figure out how the title of the thread and the content are related - usually threads with this type of title are expected to have some kind of tutorial or guide on how to go about the purchase of Ethereum and not this type of content.

It is advisable to buy when the market gos dip.

This doesn’t just apply to ethereum alone but to all investments - we are always on the watch for when the price of a coin with good utility will drop so that we can accumulate more and wait for the price to go back up for us to sell.

[Sim_card]

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.

You cannot buy Etherum for $1000  and expect a huge profit like you mentioned above in just six years. In 20 years to come it will be impossible, because Etherum price is not pumping compared to other altcoins even though it is one of the best altcoin so far. I don't think expecting too much from Etherum is good because you might be disappointed in future.

[Crypto Library]

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.

I will not disagree with you because after the dumping that happened last August, Ethereum did not perform very well. I mean, it did not recover to its previous price, although in March we saw Ethereum touch the price of four thousand dollars.
Although its recovery is slow now, I think Ethereum is still one of the best cryptocurrencies and I expect it to recover its price and touch a new all-time high price in the near future. So I will not turn away from investing in Ethereum yet, but now Ethereum is a good opportunity to make this investment.

[Rubel007]

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.

Ethereum is definitely one of the best altcoin investments at the moment. There are many investors who can't afford to invest in Bitcoin but prefer Ether as their 2nd choice. Ether is the first cryptocurrency to be as altcoin since the invention after Bitcoin. Many smart contracts have already been created using the Ether chain. Especially those who really want to create a good project are interested in building their projects on Ether platform. Although more and better projects are coming in recent times which have comparatively more benefits but people trust Ether more. A major weakness of this platform is that the gas fee is comparatively high due to which many people are withdrawing their interest from this platform. However, in terms of security and certainty, this platform still holds the top position. While Ether's position is not good in 2024, a bull run is certainly possible to get a good result.

[|MINER|]

Etheruem remain a profitable investment token any day, the price of ether has been consistent with the crypto market price movements, and there is no doubt Ether may remains on the number two best performing token for a long time. Etheruem is a great project with huge marketcap, with a large community of users.
However, investing on etheruem depends on it demands at a particular period. As a matter of facts, to buy etheruem on August or September at lower price, or market dip prices may not happen because there other factors that can boost token price increase besides the demand. It is advisable to buy when the market gos dip.

I will agree with you that ethereum is one of the most stable coins in cryptocurrency and it will be running right after bitcoin for a long time. Many are afraid to invest in Ethereum because of its unlimited and unclear maximum supply but if we see that there are many more such coins in the market I mean there are altcoins which have maximum supply in this same system. Although it is a matter of concern but I think this Ethereum coin is one of the most reliable and profitable among all other alt coins.  I think it still has an opportunity to invest in it for the long term so if I have some idle money I will feel free to invest in Ethereum.

[kulkhan]

Once upon a time i had 30-35 Ethereum then Ethereum price was very low. My buying price was near about $120-$150 i think it was very low price. After that Ethereum price reach nwar about $4700. But then i jad no any Ethereum. Now also i have some Ethereum wwhich i boight in high price.

Now Ethereum price near about $2500 and i think it is high time to buy Ethereum. I think within short time Ethereum price will  increase. I am waiting to next pump.