{"id":5727,"date":"2021-05-30T17:13:19","date_gmt":"2021-05-30T21:13:19","guid":{"rendered":"https:\/\/howigrowmywealth.com\/?p=5727"},"modified":"2021-06-01T07:28:56","modified_gmt":"2021-06-01T11:28:56","slug":"a-time-to-buy-crypto","status":"publish","type":"post","link":"https:\/\/howigrowmywealth.com\/a-time-to-buy-crypto\/","title":{"rendered":"A Time to Buy Crypto"},"content":{"rendered":"\n
I’ve punched a lot of keys on the ‘ole qwerty debating the merits of cryptocurrency versus gold and precious metals. But when all is said and done, gold has gone up very little while cryptocurrencies have gone to the moon. I was reminiscing on some old articles and I came across “No, Even with ETH at $2 Gazzillion, Ethereum Cloud Mining Isn\u2019t Profitable<\/a>” and I’m reminded that at one point I could have bought 62 Ether (ETH) for $561. ETH was trading at $9 per coin back then. As of writing ETH is trading at $2,455.48, so those 62 ETH would be up 27,183.1% to over $152,000 in about 4 years or so. Not bad. <\/p>\n\n\n\n I remember reading about the Ethereum network before it even launched. Based on my philosophical musings of money I thought it would important for a cryptocurrency to have non-monetary use in order to be valued over the long term and not just be a speculative fad. The ability for Ethereum to support DApps in addition to “just” being a currency checked boxes and so I chose to buy some ETH. At one point I probably owned 50-60 ETH.<\/p>\n\n\n\n Of course the Ethereum network was at that time, like it is now, relatively slow as highlighted by “Cryptokitties” one of the distributed apps built on Ethereum that caused the network to grind to a proverbial halt<\/a>. To date the most transactions per second processed by the Ethereum network is 19<\/a>. I decided to sell ETH and instead placed my cap at EOS. EOS was labeled an Ethereum killer at one point and some people said that EOS stands for “Ethereum on Steroids.” Of course this was all before Ethereum went to “the moon.”<\/p>\n\n\n\nEOS Is Superior to Ethereum based on Several Metrics<\/h3>\n\n\n\n