Ethereum classic set to go up reddit

First, a word of warning: buying cryptocurrencies , like any investment, is a risky business and making money is never guaranteed so you'll need to be prepared to lose what you put in. Cryptocurrencies are highly volatile, so the value of your investments can go down as well as up in the blink of an eye. Ethereum Classic ETC is a cryptocurrency that came into existence in the summer of , when the Ethereum community essentially split into two. Some experts believe it has the potential to one day overtake Bitcoin as the dominant coin in the market. Simon Peters, cryptoasset analyst at investment platform eToro, told The Sun: "The Ethereum community essentially split into two, those that said to keep the blockchain as it is, and those that wanted to restore the stolen ETH.

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Content:

• What is Ethereum Classic and why is its price going up?
• Trending Cryptocurrencies on Reddit in the past 24 hours
• Looks like you have Javascript disabled.
• How to Buy Ethereum, and What You Should Know Before You Invest
• Ethereum Classic Prediction 2021 – ETC Price to hit $100 in 2021?
• The best crypto is anyone's guess: Bitcoin and 11 more cryptocurrencies you need to know
• Ethereum 2.0 Reddit AMA
• Voyager Review: Buy & Sell 50+ Digital Currencies on This User-Friendly App
• After a 17,500% rally in 2021, does the 'Ethereum Killer' have more steam left?

WATCH RELATED VIDEO: ETC - You Need This Amount of Ethereum Classic (ETC) To Get Rich!

What is Ethereum Classic and why is its price going up?

Ryan Haar is a former personal finance reporter for NextAdvisor. She previously wrote for Bloomberg News, The…. You may have heard of Ethereum because of the role it plays in the creation of NFTs non-fungible tokens.

Crypto investments should also never get in the way of other financial priorities like saving for emergencies, paying off high-interest debt, and saving for retirement using more conventional investment strategies. Similarly, if users wish to interact with a decentralized application, they must pay in ether. Like Bitcoin, investors can buy and hold ether as a long-term investment, with the hope that its value will continue to increase over the long-term.

But as with any cryptocurrency investment, the price of ether is likely to see plenty of ups and downs, especially in the short-term. Price fluctuation should be anticipated with any crypto investment. If near-term price fluctuations bother you, you might be better off reconsidering investing in cryptocurrency at all. How to Buy Ethereum 1. There are a ton of cryptocurrency exchanges out there, ranging from easy-to-use systems to complex dashboards for advanced traders.

Since Ethereum is so popular, most cryptocurrency exchanges will let you buy ether, but we recommend sticking to a few of the more-popular exchanges like Coinbase , Gemini , or eToro. Ethereum is also one of the few types of crypto you can buy on platforms like Venmo or PayPal. There will likely be fee differences based on the method you choose. Whatever amount you purchase will be shown as a percentage of a total ether coin.

But a digital wallet can offer more security if you want to move your holding to more secure storage. There are many different types of digital wallets, and they offer different levels of security.

Cryptocurrency is a highly volatile, speculative investment. If you decide cryptocurrency is right for you, then experts recommend sticking with two most well-known cryptos, which are Bitcoin and Ethereum. If this risk is too much for you, stick with a safer, long-term investment like a classic index fund through a conventional retirement account like an IRA or k.

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Trending Cryptocurrencies on Reddit in the past 24 hours

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All rights reserved. Charles St, Baltimore, MD Ethereum and its Classic counterpart are similar, but do not get them confused. Diverging from each other in after a hack exposed security risks in the original blockchain, each crypto offers different pros and cons. The main difference is in security vs. Ethereum obviously has larger investor support. However, ETC is still a well-known crypto play, with plenty support of its own. A huge catalyst for ETC comes from Grayscale going all-in on the coin.

How to Buy Ethereum, and What You Should Know Before You Invest

The current price of Ethereum Classic is The Ethereum Classic price can go up from See above. According to our predictions, this won't happen in near future.

Ethereum Classic Prediction 2021 – ETC Price to hit $100 in 2021?

With all the noise -- and it's fair to say, craziness -- associated with cryptocurrency, we thought you might like a bit of an overview. Like the off-the-rails GameStop stock hack , the cryptocurrency Dogecoin has been on a bit of an undeserved roll. And, because what's a fake currency without a bonkers billionaire, much of Dogecoin's recent moment and that of Bitcoin, too can be attributed to Elon Musk and his fondness for tweeting. In this article, we'll take a quick look at the 12 cryptocurrencies we find most interesting. If you haven't heard of many of them, you're not alone.

The best crypto is anyone's guess: Bitcoin and 11 more cryptocurrencies you need to know

Reddit is testing a feature that would allow its users to set any NFT they own as their profile picture -- not only its own Ethereum-based NFTs, called " CryptoSnoos ," released in limited quantities last year. A similar feature allowing users to set their NFTs as profile pictures recently launched on Twitter, where the photos themselves provide information about the NFT when clicked, and appear as hexagon-shaped images to differentiate them from the standard Twitter profile pic. Details about how Reddit's support for NFTs would work, however, aren't yet decided. In a statement provided to TechCrunch, Reddit explained this particular NFT test is in very early stages and hasn't been made available to public users on the site. At the moment we're testing the ability to use NFTs as profile pictures avatars and verify ownership," said Reddit spokesperson, Tim Rathschmidt. Reddit has been experimenting with various initiatives around NFTs for some time, having even set up a dedicated page for NFT related activities at nft. For the time being, the page primarily focuses on the CryptoSnoos, which are Reddit's own digital collectibles.

Ethereum 2.0 Reddit AMA

The Crypto space has been slowly garnering the attention of industrial investors. In order to attract newbies, unique crypto projects are coming out in the market. Ethereum Classic ETC is one such project that thrives to enable developers to build and deploy smart contracts — autonomous. Ethereum Classic is one of the oldest cryptocurrencies that happened to become familiar with the Ethereum hack.

Voyager Review: Buy & Sell 50+ Digital Currencies on This User-Friendly App

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After a 17,500% rally in 2021, does the 'Ethereum Killer' have more steam left?

It's pump and dump. Though i bought etc at 20 usd because when you will stop mining eth in july maybe people will go mine etc because there is ethereum in its name and it's also good for amd cards. I took a chance lol. Show more. See Also : Eth classic reddit Show details. ETC prioritizes trust-minimization, network security, and integrity. See Also : Mining ethereum vs ethereum classic Show details.

As crypto trading attracts new and seasoned investors, platforms like Gemini and Coinbase can make it easy and safe to trade cryptocurrency. Both are well-known centralized exchanges that abide by strict U. Although the exchanges are similar, differences exist.