Bitcoin Forum

What do you guys think?

Lets do add up some links for people to know on what we are talking about:

https://cointelegraph.com/news/ethereum-20s-phase-zero-scheduled-to-launch-on-january-3-2020-devs
https://blog.sfox.com/ethereum-2-0-what-the-next-three-years-of-ethereum-will-look-like-b366a46f9704

Questioning if this will cause FOMO or FUD? No one knows.

Thanks, I'm concerned about supply.Will it be fixed?

If launched on the date expected and no more delays I will consider a FOMO, there are still lot of time to speculate guess changes will come as it is fast approaching. Better just stay out and let watch how it goes.

Proof Of Stake (Although hated by a LOT of people) is the future of crypto imho.

Saves a TON of electricity, makes staking accessibly for anyone holding ETH. It's a BULLISH move in crypto, and I believe staking pools will become even more popular than they already are due to the fact that the vast majority of people wont have enough ETH to solo stake it.

I'm a huge fan of XSN (Stakenet), their platform will support ETH once they update and move to POS, and I believe a lot of people will use it. There are a lot of staking pools out there from various projects, but Stakenet offers way more than that on their platform.

Excited to read this, as I've been waiting for ages for an actual date. Gotta buy up as much XSN as I can afford, before Proof Of Stake becomes the industry standard (at least for ETH). It's gonna open up the eyes for people looking to make passive income, I'm sure.
Next thing we need is for ETH to move to the Lightning Network, and we'll be able to trade instantly using Stakenet's upcoming Lightning DEX.  ;D

Thanks for posting OP!

Which will make whales jump into it while being attracted of staking rewards => Bullish trend, but as soon as they want to claim their profits => Massive sell leading to price depreciation.

TLDR; IMHO, ETH 2.0 will cause FOMO in he beginning then FUD in the second place.

Every breaking news brings FOMO, everyone wanted to join early and doesn't want to miss the boat and get big profits. Even Bitcoin at the end of 2017 was all FOMO and look what happened. So what do you need to do? Not giving advise, but if you are a experienced trader, it's better to accumulate when a news break out, at least you are in in the beginning and can easily exited if you think you have gain enough before everything went down due to FUD. ETH is still the second coin in the market, but we will have to see how everything goes, but I'm sure FOMO will be there at the very onset.

Featured news is often seen by many people Fomo but only for a very short period of time because most people participating in this market are only interested in profits and have no need to invest in technology. In any case, after that coin rises, there will be a lot of big adjustments and this is what happens every day in this market. In my opinion, investment needs to be considered carefully because if you do not have investment knowledge, the person with the biggest loss is you so think before investing.

Every good news can cause FOMO, if you are a trader is a good way to maximize your profit. I'm totally sure when is near ETH 2.0 Launch, the price of ETH will pump...
I think ETH will follow LTC scheme, the whales will pump ETH first then after the upgrade finished they will dump again (back to the previous price before upgrade begin)...
IMO

it certainly makes Fomo and large investors now gather more ETH from now on so that when ETH 2.0 is about to happen, they will have big profits.
currently the price of ETH has not yet changed well but it is a good opportunity to buy more. ETH 2.0 will have many new features and attract more investors in the future, the price will surely increase.

i think it will cause FOMO.
mainly because they have been trying so hard to hype it up and they are willing to spend millions in advertising it just like they did back in early days to pump ETH in first place.
but also because of the fact that ETH has been dumping for 1.5 years without stop. the owner whales are getting anxious to pump it again and make some profit from the newbies again.

what i  can't predict is the level of success this round of pump is going to have. since it is getting harder to pump this coin since it has lost all its usages.

It will certainly be a good news and it will completely change the position of the current ETH. It may increase prices very strongly in the near future.
I believe that the Ethereum 2.0 platform will have a big impact on the crypto community as well as businesses that are developing on the old platform or BEP2 or Waves platform.
It will soon regain its market share and create a new dynasty.

it is possible that it will only become FOMO, if that is the case then the price of ethereum is likely to increase, but it will not fall back soon enough. and trapping people who are FOMO and not taking into account their speculation.

I bet FOMO for ethereum 2.0 and i take PoS update as my main key to take the next ethereum 2.0 to the moon.
What we need to see that ethereum will not be pegged again to the ICO to get its hype and that can be done only through run the next upgrade for ethereum to determine its hardcap supply and PoS system.

I don't see any cause of a FUD, it's like more on a coin adaptation and most likely to gain a lot of investors, so it is a FOMO.
It is better to accumulate as much as you can while you have the money if you have a feeling that it will give you a good profit.

yes, i agree with you
i believe ethereum 2.0 will create more demands on eth,
so, while the price of eth is cheap for now, maybe this is our chance to collecting more ethereum to get an enough profit before eth 2.0 my friend

I don't think that it will create another drama, though it makes some changes but ain't no reason to be fall into FOMO or any FUDs happens.
People had already learn a lot from previous scenarios and that hard fork or any market transitions never look new to everyone.

This is a good news if it will be take place, so I would choose FOMO, but they have to ensure that the launch is done with a great timing, otherwise, this will only lead to a temporary effect. This could also be a big factor that will help ETH to recover and will have its own independent growth and will be able to compete with coins that are performing positive this year, like BNB.

It will eventually come, people just get really upset about all the delays.  This is what happens in technology, it is very difficult to give an accurate time estimate of how long something will take.  I really appreciate that they are attempting to move over to POS to save energy in order to help the environment. 

both will occur. the first is FOMO and second is FUD. at first when approaching launch the price will rise after it will fall. this often happens, for example litecoin today. ahead of halving prices at the pump are high, after that there is a considerable decline.

Well, we can’t say until we see it happen, first ask yourself, as you have heard the news right now, how  does it hold in your heart, it is pushing you to buy more Ethereum because you believe it will have many positive effect on the market, so use your own thought towards it to judge.

If I am to judge based on my own opinion, I am not sure that it will add any better value to the price off Ethereum, because this what how we expected their Constantinople’s to have effect on the value of Ethereum then, but even after the upgrade, nothing had happened. From this their new upgrade, if whatever they are proposing to fix with it is really worth it, it might had some value, what would really cause the fomo is not the upgrade itself, but a suddenly price increase which will make people to start buying out of fear on not to be missing out.

After the ETH2.0 upgrade there will be FOMO of cause but since POS (Prove of Stake)will be implemented it will be a good reason for many investors to hold so as to earn returns on their holdings which will make ETH have better value than before

It`s already causing both things, FOMO is missing a chance to buy ETH now when the price is low, and FUD because many people are talking negatively about ETH 2.0.
But one thing is sure, FOMO or FUD, just newbies fall on both. Ethereum supporters and holders are accumulating and waiting for an upgrade. Make a decision on which side you wish to be, a supporter or an ignorant newbie.

That's not happening, FOMO will only happen when price of ETH is pumping and we haven't seen that yet.
If the ETH 2.0 is something that could create some hype, then probably there will be a FOMO, and until that happens, we can't say there it's already causing FOMO.

Even with the recent price pumping of ethereum crossing $350 and when it started to decline in value there is strong FOMO. Same as that will happen when the ETH 2.0 gets established as scheduled. Without doubt there will be growth happening and this will get turned to be FOMO while there is small scale fluctuations rather than FUD.

I understand what you are trying to say, but the way I look at the market movement since years, I've seen more FOMO when the price is rising than when it's dropping. There are only a small percentage of the traders who are really smart to see the price is already dipping, the others just ride with the flow, they usually follow what majority think that's why manipulators are very much successful with their job.

The minimal staking amout: 32Ethereums make Ethereum not good for every investor. I think that Ethreum will become more centralized because how many people will be able to buy 32 Ethereums? While ICON offers staking 1 ICX coin!

The one thing I am sure about is that everything will be factored into the price ahead of the launch of 2.0
What often happens with an upgrade like this is that prices increase as rumours start to circulate. Once the launch actually happens, prices drop a bit.
One thing I absolutely wouldn't expect is a dramatic price rise on the day of the switch to 2.0

wait wut eth 2.0 ?  is it a new fork from the eth or they will upgrade the existing eth ?  next time add som extra info so that unaware users can be updated okay ?  good !

but to answer this   . i guess this new events can always cause fuds and fomo just like what happened on the past events  . people wont be contented on what they have but they instead try these new additions and on the other side there are those fuds again that will rise .

It is simply an upgrade and I think it is an upgrade that will never favor people the way that I am seeing people complain about it, seems to me that there is a feature that has been added to the upgrade that is causing uproar in the market which may then lead to FUD because if people start pulling out of Ethereum with this current bad state where they are on their value and with ICO issues.

Ethereum may lose its value a lot and this will cause many of its investor to start pulling out, but until the release before we can really see if the upgrade will benefit people or not, but I have learnt never to rely on Ethereum upgrade that much again because of what I saw from the Constantinople which never had any effect on the price of Ethereum at all when it was released.

which will make sure there will be a FOMO ahead of the release later. We know that the crypto market has always been like that. there will be a big pump to welcome ethereum 2.0. I'm sure of that, because this always happens like bitcoin halving, bitcoin hardfork, litecoin halving and many more.

I think it'll all come down to timing.

If it's not delayed, then possibly FOMO ... IF BTC isn't doing a crazy pump at the same time. Problem will be if BTC is crushing the entire alt market right before its halvening, then it may be unlikely for any alt, even ETH, to really get much of a price boost.

But if it sneaks in during a BTC stable period, sure, it could get a nice pump. But nobody really knows...

Look at LTC and its halvening -- nice pump, but only up until BTC starting rising and increasing dominance. Then sellers cashed out a little earlier than expected (or at least earlier than I expected).

Or? It could be the other way around.
If they see profit, then it could be the time that they buy more.
It is not about being FUD or not. Will it work? That is the real question here.
There are too many altcoins now with staking process and I do think some of them have features that equals ETH. If their marketing will be better then we might see investors ignoring ETH or just dont want to get back at it because of history.

Is there a reason why you call that has a possibility to become FUD? Don't you think the ethereum 2.0 update will bring ether to the moon caused by the POS update? It looks like the majority feels FOMO due to the next update that will bring hardcap supply and that's clear to be considered as a sense reason. But im interesting to know more what will be your reason and maybe i can try to re-thinking about the possibility of ethereum to get FUD too. It's very interesting to know.

FOMO only. No signs or reasons of FUD since ETH 2.0 will happen in 2020 and it is not fake.
As the ETH 2.0 is slowly approaching, the price of Ethereum will slowly increase and when the time comes that it is launched it will slowly goes down too.

There is no reason why Ethereum update 2.0 should cause FUD. Only if there will be any problem in upgrading process, like security breach.
But Ethereum developers work properly and they will not develop any semi-final solution like Tron or EOS.  ;)

I think that people will want to secure a passive income. They will slowly start buying Ethereum until they have 32 Ethers. After that Ethereum will be bought only for paying fees on this network, not as an investment, so consider it.

It should be fomo and no fud, ethereum 2.0 presents an opportunity to investors to now earn passive income holding about 32 eth. I'm anticipating a gradual increase in price up until 2020.

I am sure that all people have this FOMO syndrome, and nothing can be done with it. Probably, it is the reason why people buy Ethereum so actively - they are waiting for the best changes after Ethereum 2.0 launch. However, I do not think that all can get benefits. To deal with staking, you will need to have at least 32 ETH, and not all guys now have this sum.

I think way too much is made of this idea of passive income. What good is a 5% (or whatever amount they come up with) reward in something so volatile? I mean, look at coins like Dash and others... 5%+ reward is fine if a price is stable or rising, but in an investment that can lose 90% of its value? I mean, why bother?  If someone wants 5% interest, just put the money into some junk bonds, which are considered risky as far as bonds go, but are a zillion times safer than any crypto. Or put the money into stocks, or real estate, or lots of other things.

Not that I think ETH may not get a pump from 2.0, it just seems weird to me to think passive income would be the reason.

If we will compare ETH and fiat payments we never will accumulate any alts. While simple investors don't have a possibility to wide coin application then they will not use anything for using.
With +5% per year, it's a poor income system, I agree. If we tell about investors and traders 5% is too small.

Imho ETH 2.0 will cause nothing. Update and some speculation

If there is a FOMO, it's not gonna be a gradual increase as most likely when there is FOMO, price would be overvalued and correction is expected to happen.
Let's see if the release would be successful and if supporters are satisfied, then maybe that would help a lot for ETH to be back on its good price.

I don't want to expect a lot, but since this is a big development, FOMO at the start is expected but after the launch, that's where price will start to dump then become stable.

We have seen so many projects in the past that before the actual release of the touted new version, there's a lot of FOMO going on causing a massive spike in the price because everyone wanted to join the bandwagon. However, after that the price heavily went down, so I don't want that to happen to ETH, I would rather see a organic pump and not artificial because it will just do more harm in the end.

Pumps do happen before the news and it do dumps when the event is happening.It depends because we have seen that theres no FOMO before the event but it do happen after such development news.So its still unpredictable and its most likely there would be no FUD on this times for sure.

So far we can see what is happening with ETH price. It went all the way down to $90 again, and then managed to climb back to $330 or so but now, we are back below $200. To me, this means FOMO worked, but only for a while. And now people are seeing how slow and how vague ETH 2.0 is becoming, they are slowly selling again.

But do not worry,,, this is all good news to collect more ETH.

I don’t know about FOMO, but FUD will definitely not.The platform moves to another stage of its development,respectively, that investors and ordinary users from this will only be better.

I don't think the rise from $90 to $330 had anything to do with 2.0 ... the event was too far out to cause FOMO. I think it was just regular market recovery. When it gets closer to 2.0, we'll find out if FOMO kicks in or not. It'd probably help if the ETH team announced a firm date.

Some of my friends has mining farms for ETH exploration. Today they have $0.71 per day on the 1080ti. I think they definitely will have FUD because of PoS for ETH 2.0. I have no doubts such miners will find alternatives but ...

In short, this is an upgrade of the current ETH system, this should create a buzz in the crypto market knowing ETH is the king of all altcoins.
This is gonna create some hype, but not a FOMO as I believe FOMO only happens when the market is healthy.

But what?
If that so, miners will take their chances to generate profit aside from relying on ETH alone. Such upcoming ETH development will surely create changes in the entire market and those people who are holding ETH might fall into FOMO.

Nothing big about that development really and I just see Ethereum as people that has ran out of idea and their product not working again which they are trying to use reward to lure people again but the thing about the reward is that it is not attractive, if you are talking about 5% passive income, isn’t that too lo? And more over, this more like the idea of STO.

I think this is exactly what Bitbond if offering for 1 year and majority of the STO projects that I have seen which is why they are not popular till date. This is not something so big that will cause fomo really because it makes no sense to me and will not make sense that much to people. They should work as Binance is working and come up with real products as an upgrade not some sort of rewards that they might not even be able to sustain.