Bitcoin Forum

"Vitalik Buterin, the co-founder of Ethereum, told the community at the recent ETH Shanghai Summit that the Ropsten Merge testnet is the most critical milestone for developers. The successful completion of the merge upgrade scheduled for June 2, 2022, will be key to the journey of Ethereum's transition from Proof-of-Work to Proof-of-Stake."

Full article HERE (https://www.fxstreet.com/cryptocurrencies/news/how-ethereum-price-will-react-after-developers-complete-the-merge-testnet-upgrade-in-one-week-202205311134)

This eth pump 1700 usd to 2000 was prior to the announcement, so manipulators who knew about it, pumped before that, starting 2300 usd upwards, only sheeps will buy, I see manipulators still buying up to 2300 usd and then waiting that 3000 usd sheeps pump and then dump eth to hell again, more like back to 500 usd and below week or so after the merge. Anybody thinking of buying eth now thinking long term then look back on march 2018, we had a super pump too from 400 usd to 800 usd then manipulators dumped eth to 80 usd. So I see the same thing repeating again. The question is how low eth will go now, 3000 / 10 = 300 usd around november - january 2023? possible.

Eth will go down as low as possible, I am very much looking forward to this because vitalik has forgotten why ETH was a standalone warrior of a project, it's the only smart contract project using PoW algo but not anymore, ETH without PoW feels empty.

I'm tired of the eth drama, I hope it blows up. 

If the tests succeed, ETH will probably hit 2500+ USD, I agree (obvious, BTC can't deep dive to - 28k)
The opinions are diverging, we miners here are thinking about a huge dump mainly because ETH unlocking, but if you see on twitter and other medias, ETH users are pretty confident price will skyrocket.
I'll be honest, I'm still mining, and I have some ETH to sell, but I don't know the exact price, maybe I'll push the trigger soon than I planed before
Before - 4,5k USD or more
Now - 2,5k USD
Maybe save 10% to a possible pump scenario, more than 3,5k USD



I think all of us are tired, I just want to know what's going to happen to make a decision to mine or not, and to stop this drama of VB and ETH

Unfortunately when it comes to ETH, everything centers around Vitalik and a small group of devs. It's becoming tiring for me too. I used to hate the Bitcoin maximalists, but now I understand where they come from. Miners have a larger say in the Bitcoin ecosystem compared to ETH. Even though I've been a GPU miner for 9 years, starting with my little Radeon HD 7850 card that did 300 Mh/s on BTC and earned $1/day, I won't feel bad about leaving ETH behind.

They are doing tests to no end but it seems that the date of the transition to eth 2.0 and pos is always postponed the tests fail? are there any security holes? however maybe the time has come to stop mining eth and move towards something else

On which planet you are living? There are enough other Projects with PoW and smartcontracts. ETH is the biggest at the moment sure, but ETC,ZIL,CLO and so on. PoW is not an algo, it is an consensus mechanism.

Yes, they will postpone or miss their ETA if problems arise that need to be addressed and need to be fixed. But ETH 2.0 with the transit from PoW to PoS is agreeable among ETH holders and devs unless you're from the miner camp. This time is definitely different and the chance of the testnet PoS merging with the mainnet is higher than ever before so you shouldn't cite the old setback and apply it this time. Give it a few months after August would be very likely where the PoS official kick in. I already accumulate a few ETH and I think there might be another chance to accumulate ETH in the future especially if close to that day but progress is behind or some delay. FUD coming and the ETH price will drop.

Perhaps for some miners, the abbreviation POW is just an algorithm for viewing hashrate and profit. Other coins that you listed even now have a low profit in mining, and after the completion of ethereum mining, they will not help the development of mining.

The price of Ethereum is not in synchronization like it was before with Bitcoin,Bitcoin recovered quite a bit while Ethereum recovery was much more conservative and it still is below 2000 mark.Tomorrow is the date and we will see how the price will react but certainly I don't expect huge movement from this.Whatever happens,even if a difficulty bomb is thrown at the network and mining Ethereum becomes completely worthless for our hash power there are a lot of other Pow coins,with not such a big return as Ethereum but surely profitable to mine.

I don’t think this will have any affect on price unless after the test net merge there is some huge bug discovered, which if anything will have a big sell off. Similar to when that 7 block reorg happened.

These days I don’t think any of these hard forks ever have an affect on price. I remember a day or two before a hard fork, there was a big discovered and they had to delay it, so there was a small dump But nothing severe.

Pretty sure nothing will come of this.

The last bulltrap is coming before going to hehell and that has 90% chance, although eth might crash to 1400 usd or even below that and then on that last bulltrap ETH likely to hit around 3k then crashing back to 500 usd and below. Manipulators will not lose this opportunity to scamtrap sheeps one more time close to the top.