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RE: Ethereum holds so much promise : Mike McGovern , a top exec at one of America's oldest banks explains why
but currently it is at a very low price..why so?
but currently it is at a very low price..why so?
The price of the Ethereum went too high compared to it's real value, this was due to a lot of people after seeing the popularity of ethereum started investing in it without knowing anything about it.
Now when it's price was not going up any further, they started pulling out their money. This led to the downfall in the price of eth, now was the time for the correction of price of eth.
My suggestion to you would be : Don't just blindly invest in crypto currency. Read more about them before investing. It's not a rocket science. Be patient. Don't get swayed away by all the hypes that are getting created on internet.
You may find these articles informative :
http://www.the-blockchain.com/docs/Ethereum_white_paper-a_next_generation_smart_contract_and_decentralized_application_platform-vitalik-buterin.pdf
http://www.economist.com/sites/default/files/creighton_university_kraken_case_study.pdf
I have started reading a bit about them.
Happy reading. :)
Cheers,
Siddharth Vedi
thanks sid