Is it profitable to invest in Ethereum (ETH) in 2022?
Nowadays investing in Ethereum (ETH) is profitable as long as we have in mind to invest in the long term. There are many other cryptocurrencies much more profitable than Ethereum when it comes to mining.
Although I must mention that in the Ethereum (ETH) ecosystem there are many very good platforms to invest this cryptocurrency. I would like to know a little more about the Ethereum (ETH) ecosystem because it simply looks very good to work and get extra cryptocurrencies guys.
Is it currently profitable to invest in Ethereum (ETH)?
From my personal point of view it has always been profitable to invest in this cryptocurrency as long as the investment is long term, i.e. at least 10 years guys, let's take an example.
If we have 2 Ethereum (ETH) mining RIG and all the mining RIG generate 1 Ethereum (ETH) per month for example and we put that Ethereum (ETH) in "Staking" for 25 years, thanks to the compound interest we can have many Ethereum, that is a very good investment.
I'm even thinking about buying a graphics card and mining Ethereum (ETH), then when I have more money then I will buy another graphics card and slowly build up my mining RIG.
What strikes me about Ethereum (ETH) investing is that there is no limit to its circulation in the market and that can create more capitalization, from my point of view, I currently have very little Ethereum (ETH) in my Binance wallet.
I would like to buy some Ethereum (ETH) to get into the Ethereum (ETH) ecosystem and learn more about it. Considering that Ethereum (ETH) long term investment can be very profitable if we do "staking" it can do very well, that's what I can say guys.
I should also clarify that this cryptocurrency is the most used when we talk about smart contracts in the Blockchain guys and what does that mean? From my personal experience I can mention that this means that there is a lot of demand for this cryptocurrency or a lot of transactions and that is very good for Tokenomics.
Investing in Ethereum (ETH) can also have its disadvantages guys, such as the loss of funds or that some programmer takes over your funds and you lose all your cryptocurrencies, I will not give as an example a bear market or that the currency ceases to exist because we all know that the market can recover and that Ethereum (ETH) is a decentralized cryptocurrency backed by users and honestly I think it is very difficult for it to cease to exist.
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