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The market is dull but most of us expected ETH to outperform like it did in first quarter of 2018 post bull run when every crypto coin were going down and even the value of bitcoin was dumped but ETH was steady for a while and not sure why ETH is under hibernation mode nowadays. What might be the reason we don't see much movement in the price of ETH? I know all the altcoins are down but ETH is not same as them but I am unable to figure out the reason why ETH is struck.

Everything is stuck right now, even really good coins like Eth.  There must have been a massive outflux of money from the entire crypto market, especially if btc dropped $600 in a matter of hours.  Somebody with a lot of coins is selling, and coins like Eth are just collateral damage.

I have been saying that now is a great time to buy and I still think that.  The market may not necessarily have hit its bottom, but I'm confident it will get back on its feet within a few months.  Weak hands get shaken out and this paves the way for the next bull market.  If you're not buying coins like btc and Eth, at least don't sell them now.  You'll be missing out on a lot of profit.

Ethereum is sleeping rock and it will blow, I am sure. But it will happens when almost everybody will think that Ethereum die. I think that price can fall even more.

There is nothing wrong with Ethereum. It's the entire crypto market that is under big dump. BTC's dominace took the whole market with it when it crushed. Also, most people are not investing into Ethereum as of back then, these days everybody is investing into Bitcoin hence its rising dominance over the entire crypto market.

Buterin and his team are not posting updates or any network improvements, thats why ETH is falling. Besides, I do not believe that ETH 2.0 will get released and fix every ETH problem and will force the price to raise.

it will not gonna happen this is the result of loosing trust to ETH more people afraid of investing in it anymore since its lost 900% from ATH which to much from normal down trend of acoin.

The reason why, because   of too many project using thier platfrom and mostly use it to make scam/fraud project .
If this things will continue it will be the end of ETH.

It looks like the prediction of one guy who said that Bitcoin will rise to $16k this month is unlikely going to happen. He made a couple of predictions on Reddit and he was right. But this time, I think this is going to be a miss.

In the history of the crypto market, it's likely going to rise in November, but I would not count on that though. Like what happened last year. From $20k down to $3k, which was a major blow to all of the crypto enthusiasts here.

We cannot predict what's happening in the crypto space anymore. If November's rally would repeat itself, that would be great. But I would really count on next year's halving though, that would also affect Ethereum and the others.

I am pretty sure that the current ethereum price is only following the developments in bitcoin prices. remember? when bitcoin goes down, almost the entire price of altcoin will go down, and that's happening right now. actually, in the price of bitcoin, ethereum currently still has a price that is not much different from the previous price, which is 0.021 bitcoin, I think it's not much different.

but, in the development of its price, to date, ethereum has not managed to reach the price of 0.025 btc for 1 eth or more. I am still waiting for that increase, and I am sure it will happen.

Saying that ETH are just collateral damage is a good point due to the sudden collapse of bitcoin price, this is not new in crypto market and instead of feeling down why not take this opportunity to acquire more ETH while its cheap. I miss the chance to buy ETH last December 2018 when it dropped to $80 which I regret but it won't happen again especially that ethereum has a big development to come.

Bitcoin sets the trend and the altcoins follow.... that's how it has been for years now and nothing indicates that something is going to change here, so better keep an eye on Bitcoin's chart before investing in an altcoin.

It doesn't really matter whether an altcoin has a lot of utility or none at all.... what people care about is flipping coins for a profit where they hop from coin to coin based on where the money is to make. Everything is greed driven here.

If we however look at this decline positively, it could offer a lower entry point for you to lower your overall buying price in case you bought in higher. It will help you turn a profit much faster.

Even if ETH 2.0 will get released during this time to fix every problem i think it won't affect the price to raise up again once the bitcoin is dropping. Taking a look at the market now seems almost coins were bleeding and yet we can not assure when it stop.

Ethereum still stable in the market from now even the price of bitcoin is going up and down dramatically.

no i think Ethereum update in the next year when Ethereum 2.0 launch in the network can make Ethereum price pumped and whales are back to ethereum

But whales will enter the market there will be pump for sure but they are already in the market it's just that they are waiting for the right time to invest and it's honestly a business tactics for them to cash out at high value and we the mid-level investors are at the receiving end during every dump so we need to play smart this time. I really hope ETH recovers but as far as last few weeks it's not going in a favorable condition.

Whenever there is an update there is always an Ethereum price increase, ETH 2.0 will be released. Certainly many are waiting for him, for now it continues to decline due to unstable market conditions that continue to fluctuate. If the right time ETH will recover.

when a bad trend like this is very strong then i think all the coins will have the same effect, whether it's how strong the ether coins are or the other and that doesn't guarantee the price to remain stable when the bearish market is very strong and greatly affects the price of all the existing coins. so it is no wonder why ether was not even able to maintain its value because so far we have only witnessed them continue to deteriorate

Nothing will happen in the ETH front till the side branches for scaling are fully functional (should that ever happen) because the initial hype has passed). People are starting to slowly realize that the high price of ETH is actually a bad thing when considering why the chain was developed and marketed as. Cheering for a high price is like being happy at a bank for being able to pay higher fees.

logical answer, friend. I agree with your opinion. ethereum usage is declining for now, where ICO was based on ethereum, unfortunately there are currently many ICO scams on an ETH basis, doubting many investors. and at this time many ETH competitors such as TRON and so on. but I'm sure ethereum (the king of altcoin) will have an explosion later, the proof is that at this time ethereum is still fluctuating with bitcoin.

The recent sharp dip has even made things uglier for eth, if we do not see strong bounce back within a day or two i think eth can dip below more which will not be good for long term supporters but lets stay positive and hope for the bounce.

I think one of the big impacts of ethereum pricing is that ICOs have used their platform to scam people. The impact was so high that ethereum prices fell, Because no one invested in the ICO for fear they would be scammed again. And I think Butirin needs to resolve this to regain investor confidence or create new developments that will help crypto users.

Just because it happened in the past doesn't mean the next rise will be identical to start of the last bullrun related to btc action. To me the reason is obvious. People need more time this time. You have to remember that were are lot's of new people pumping the markets on the top and now they need more convincing that they won't go absolutely rekt by investing this time.

In the previous months, it really hasn't been good for any altcoins, ethereum, xrp, bnb, etc, etc. Even bitcoin hasn't been doing well and it feels like everything is on a downward trend recently.

We might be able to see Ethereum Version 2 make it's debut on the blockchain next year, it could be big, but it feels like the blockchain has been forgotten and neglected in the recent months and with the death of ICO's and crowdfunding, they've died as well.

This is a time when there will be a lot of big surprises happening and recently Ethereum 2.0 is no longer mentioned much so this coin is no longer bought by many investors. In fact, the decline of ETH has been predicted for a long time because the ICO is now forgotten and investors are no longer interested in new projects so this phase of purging the entire market will occur in this year.

I am sure that we will witness a lot of new changes in the future and if you seize new investment opportunities, don't ignore because it is an opportunity for you to change your life.

We do have a lot of surprises upcoming, so better to wait for news and be ready for your fund if you want to buy Eth, it is still best to have Eth and Btc, they are still worth investing, keep an eye to BNB too as CZ will have a lot of good news to it.

As of today Eth declined again at 6% for 24 hour change, not declining much compare to other coins.

Don't lose your hope as most of the Ethereum enthusiast are just waiting for the launching of ETH 2.0 in which it will improve the Ethereum blockchain transaction performance to become more fast and reliable. Once release then expect that the Ethereum market movement will become strong and stable once again. https://thenextweb.com/hardfork/2019/10/23/ethereum-q2-performance-etoro-coin-cryptocurrency/

In my mind only have reason what make ETH dumped is people change into BTC and dump it. Can't do analysis because what i see sometimes ETH dump because follow bitcoin which get dumped or maybe when get a correction.

maybe ethereum is waiting for the right time to pump.
we know, in recent years many people have lost money due to the fall of the crypto market. so now investors are careful in choosing the right time to invest in crypto, especially in ethereum.

but i think now is a good time to buy ethereum.
i think the future of ethereum will soon improve in the near future.

Ethereum is always good to invest in crypto platform because they have huge marketcap and stay in 1st position for altcoin. But majority of the investors are concentrate the Bitcoin and Ethereum so these are too much volatile in recent days. The current dump is really useful for short term investors because anytime Ethereum will going to moon.

This is simply a part of the market's nature. No matter how stable a crypto is, given that its market value is determined by demand, and volume, it should not be surprising to know and see how ETH's market value is also affected by the negative market behavior given that majority of the cryptos's prices are also falling at this moment. The best thing is to be patient at times like this and to wait for the market to recover someday.

To all those who own ETH and BTC well you are not in loss until you sell your coins, and for those who haven't i think now is a very good time to start buying before the almighty bullrun returns, 2020 will be a better year than this year for sure, crypto is going to reach milestone but know what you hold in your portfolio

I am still hoping for Eth to bounce its price since we're really experiencing this dip for longer now. Since price has been low it is good also for some to accumulate some eth. Hopefully when Eth 2.0 will launch recovery and changes in price will happen.

the only reason why ETH is down is because BTC is also down, I think not only ETH but other alt who are at the top are also the same as eth, they are following the BTC trend.
yesterday the market experienced a pretty deep decline, btc fell more than 8% and the average alt followed it, some even fell deeper than eth, maybe above 12%.
so I think ETH has shown its best by only dropping 9%.

Ethereum is not moving because their platform is quietly used as usual. Once the platform is often used to make the ERC token even though it is still but not like the former.
ETH's price fall is also triggered by the token maker scammer which makes their project bad and dead. I also hope that ETH again rise from his hibernation.

I will ask in a different way: why should Ethereum now in a falling market grow in value? There are no prerequisites for this:
- The transition to Ethereum 2.0 is expected, but few understand how this will affect the network;
- the boom in ICO passed, and the demand for Ether fell.
Conclusion: if there is positive news, if the market as a whole starts to move up, then the price of Ethereum will rise.

Investors need investors who have the confidence and patience like you have because in my opinion the development of the cryptocurrency depends on the investor itself and confidence and patience are the main capital in investing with any crypto currency and we must be clever in utilizing every opportunity we will get in investing

Unfortunately it doesn’t matter what technologies and capabilities ethereum has, but until the manipulators decide to pump ethereum, ethereum will not grow in price, so we just have to be patient and wait for the growth of the cryptocurrency market to start and then ethereum will show good growth, but for now we must invest more in ethereum.

no one can predict with certainty the development of crypto or altcoin because of this many investors are so scared by a very drastic decline in value that it loses investor interest and it worsens the development of the critical currency itself because the development of the crypto currency depends on the investors themselves

bitcoin is currently down by as much as $ 500 making most of the altcoins down including eth. and if we see since many ICO projects that are scam eth continue to decline. most people now do not want to join the ICO project, making eth requests decrease. so that until now eth values have continued to decline. but I'm still optimistic that eth can pump again. even though it requires quite a long time.

ETH had remained stable last year, but subsequently it fall was not self appropriate. We all know that ETH is strong, but the supporters have already turned away, and so the price increase is not visible. Looks the market needs a new breath. The flow of money into the market is necessary, not the out. Why should the price be bad? The prices we see are the prices we decide together, or the majority thinks the opposite of what we think.

Many old cryptos that are still in the market right now are becoming less dynamic. The prices are having less fluctuations because of the problems that are caused by the bad reputation from scams. Many other coins have faded away in the market. So, let's be glad that this almost static state of the market, is the only impact it caused in the coins in the top ranks.

yes as you have explained in this period it can be said that ETH has no good or significant price changes upwards, maybe another reason is because many fraud projects misuse the erc20 platform into junk tokens, and maybe that also affects the ETH investment market.

Its true that ETH have been not good since 2018 maybe because of bitcoin dominance and other incidents like fraudulent projects, that is why ETH doesn't make any great movement in it's price and a lot of people stop holding ETH for a while. But i think ETH still has a potential to have a good value in the near future like bitcoin.

ethereum is still difficult to climb back because many ICO or IEO projects have not used the ETH platform anymore, they make their own blockchain and I see using binancedex more often. then basically altseaseon altcoin hasn't started yet. I'm likely to predict that altcoin and eth later this year will rise again.

We are not in the altcoin season yet, so I am not expecting Ethereum to perform anything extra ordinarily because most off the projects that would have made Ethereum to enter bull run are also not getting the attraction of people that will come for them and you know that ico is the major product of Ethereum, which the only thing that I think would bring people to start investing in ico again is when the altcoins season starts, and I think there is a uniform factor that is usually always responsible for the move of altcoins.

We are waiting for bitcoin to start consolidating, once bitcoin starts consolidating, then we should get the clear sign that altcoins will moon which Ethereum being the king of all cryptocurrencies will surely be the first of all to start increasing.

What is happening to the ETH at this time is that it is still within reasonable limits, indeed what is expected like some time ago, with the current state of ETH is not good. Therefore as a crypto participant is wiser, so that the situation is on our side.

I think that the current prices are quite good even though many want ethereum to grow more than the current prices. but I think the current price is good enough because it correlates with bitcoin as you talk about although I personally still hope that eth will grow fast

of course i think they are already in market but not making any movement, because now is not a good time, and they don;t have reason to start pump the price, you know about top holder in bitcoin, bitcoin asset they have is never decreases, it actually increases, i don't know the reason but one reason i only understand today and 2017 is not ATH of Bitcoin

ETH will likely get a lot more usage in the coming years.  Most dApps and DeFi usage is with ETH right now, and the future of both looks good.  If you read some of the leaked Delphi Digital reports that have been floating around, most of their focus right now is reporting on the future potential of DeFi.

I'm pretty sure we're in 2018 again where the price was really bad and shit to think about. But still, we have 2 months until December because in December it would be a great spot to determine the price of Ethereum. It's not yet late to make a conclusion that Ethereum is dead or bla bla bla like in newsfeed.

I was also hoping to see history repeat itself, but now it seems even with the news around ETH, it's not going to see an uptrend in price unless maybe few days prior to ETH 2.0 launch since people will be accumulating to meet staking requirements. However, I added 3 ETH to my portfolio today afternoon, hoping for the best soon.

I`m afraid that you will be disappointed if you wait for December to be clear on Eth price. They announced upgrade for January, when that happens eth will be in turbulent times, its something that every hardfork causes. We will see more volatility in that period, price can move in any direction. Consequences of the hardfork, it will take time for everything to be checked and rechecked, for upgrade to be accepted. What will happen with ethereum will have a big impact, don`t think anything else, and we need to give couple months for everything to settle down, after that we will see where eth is and where its going, until that we can just hope for the best.

I believe that Ethereun is in the same harness with all cryptocurrencies and therefore it behaves according to the BTC movement. You are right, Ethereum is different from Turgih, but so far it can’t go in a separate direction. Why do you say bye? Perhaps in the future Ethereum will be able to become more independent and get rid of the influence of BTC. Only then can we see a good price for ETH.

I am confident that ethereum can increase its price again someday, it is only a matter of time. on the other hand there are many projects that use ethereum's platform, many communities believe in the potential of this ethereum altcoin, so I think ethereum still has a chance to rise again.

because ETH is preparing mode to ETH 2.0 , i guess dev a lot of planning about that. and for ETH believer, of course that what they waiting from a long time.
and as u see , demand for ETH tend to be stable, a simple assumption ,
BTC believer,believe when halving on btc block rewards will make huge demand for BTC.
same as BTC, ETH believer also believe when ETH 2.0 arrive , will make a huge demand for ETH.
for now , lets play "watch and waiting" game.

You mean what is down with Ethereum? ;D
I don't get it too, but it seems like there is not much movement within it.
So, is what Vitalik said might be true? About the market of Ethereum will not reach the $1k mark again?
It seems like he forecast what will happen to the crypto field.
But I still am in trust with Ethereum, in fact I am still using it whenever I feel the fee in bitcoin getting higher.

Tbh, I won't be dissapointed. Since after many years in December Eth price was really volatile at that time and from what we have seen even they were doing hardfork and upgrade, the price weren't moving and it could be worse.

That would be okay to wait, since I'm pretty sure in November we would not see any good thing happen.

Ethereum is still hitting the bottom price and why it needs to go to the deep price again? You should learn a lot of the things that create the ethereum bull run in the past. Remember when the era of ico has begun and so many people are buying ethereum for the ico purpose. This time ethereum is still on its stable price consider about it has touched the bottom price and the usage of ethereum will increase even more in the future.
As far as I know, I never saw any bad news about ethereum so far and compared with bitcoin and bitcoin often gets terrible press.
Ethereum is also not getting a lot of good news too. The ethereum holders are still holding its position without sticking to another coin.
That's why there is not much movement in ethereum's price.
The hype should be based on the rumour about the significant development update and so far people are taking ethereum development progress as a steady development and there is no need to create FOMO.

Indeed, it is not about ethereum but bitcoin is involved too. Bitcoin is the foundation of crypto currencies and all the altcoins highly depend on it in order to make progress. ethereum has remain at the top of altcoins just because of bitcoin and it is facing a downfall at the moment, so watching etherum stumbling too should not worry. Most important, bitcoin and all good coins will rise up soon.

I think because some of the people who scared to dump their coin on bitcoin, they hold it on ethereum to prevent loss of income.  By the use of too many person by storing their money on ethereum they can maintain the price in a steady value.  They have no choice to choose because ethereum is one of the most popular coin in the cryptocurrency.

The price of ethereum is no still being manipulated. An update should bring great influence on its price. Nothing has been heard from the team pertaining the planned update, but when that comes, there will definitely be a growth much more that it had at the last ATH.

Market confidence in ethereum is still high, that's the reason they still have a high market volume, that's why most holders still keep and not sell it. Because they believe Ethereum will strike back. The price of ethereum which is far from feasible does not describe its ability to pump higher, in the cryptocurrency market every investment takes time and cannot always expect huge profits from the market instantly.

we will not be able to return to the previous ATH if the entire market does not begin to recover and even strong updates will not be able to help us with this.

Ethereum - is a well-built system, which will soon become difficult to manipulate, soon there will be an update that will pleasantly surprise you, even in terms of mining.

even the Ethereum 2.0 are launched in the next year and maybe Bitcoin are make movement in the end of year, of course Ethereum will adjust the price on market following bitcoin uptrend like few year ago after bitcoin enter bullish another altcoin are affected, especially with Ethereum

We will see more updates with ETH but i doubt it can’t be manipulated because many whales are also holding it. The future of altcoins will depend on ETH since its the top altcoins so i believe it should go up now just like BTC, time to show its true color. Have more patience until the year end because we will see its good price again.

we all expect the price to recover and bring in a high pump yes ,it's all still early and I think it's still waiting for next updates and the funds wasted by shit tokens are detrimental to investors right but don't panic ether will be better in 2020 ,take and fill your basket now while still there is time

It is all about being patient. Investing must comes with patience or else you will lose all of your investment because of lack of patience that will lead to making improper investment decision making. Ethereum is a good altcoin or cryptocurrency and it is still standing strong in the overall market ranking, the team are working hard to provide the best quality for the investors, so we should just hold and be patient.

I think there are several options.
1) Ethereum depends on bitcoin and since bitcoin does not grow in price, so does Ethereum
2) ICO became smaller and it affected the price of ethereum
3) People started making projects on other platforms.

Those options influenced the market seriously, and I think not just ethereum has affected by bitcoin price surges, but the entire cryptocurrency community. It can't be denied that ICO these days were getting too low in potential, many people find it disturbing and waste of time. Much more worst on some of other individuals tried to venture other project platforms, as it doesn't help solving the underlying problem.

the reason is because the market is still in a bearish condition, but since July until August the ETH movement in my opinion is pretty good,
and this good move I believe because the market has entered the bullish area, we can see the movement during the correction from September to October,
and finally yesterday when the BTC reversed the direction of the ETH price the FIAT pair tended to go up, even though the BTC pair tended to go down.

Eth is just playing safe on their progress but only those real crypto enthusiasts will noticed the changes in the upgrade of eth 2.0 Im still very confident with ethereum, people only basing their judgement on the price tag but never look on what changes on the inside. I guess that's why people left behind if market changes for the better.

after its sudden pump from previous days, we can still see its slow movement. It is slightly stable at below $200, and this might be a good sign.
Sleeping for several months and not showing any increase in price, maybe it is just preparing itself for the next coming bull run.

I also like the movement of ETH right now. Well, many of the top altcoins are moving in a similar movement with Bitcoin. A long upward movement followed by a mild correction, not even halfway of their gain, and it looks to me that it will move upward once more. Right now, I am seeing a slight change of direction. This could be the sign that the correction is through and another round of rising will take over.

I agree, Ethereum is a solid project since beginning. They become model to some emerging project. They have so many Dapps within the Ethereum core systems and applications ranging from retail, banking, rel estate, health and more. Ethereum raising bar and standard in the DLT projects and hopefully it can recover together with bitcoin.

Generally the prices of every coin is down even Bitcoin and as such ethereum isn't an exemption,once the market starts getting bullish and bitcoin starts taking the upward trend, then ethereum will slow and steadily follow suit. One of the reasons why I think ethereum fell was when investors became sceptical of investing in ICOs due to scam and most of these ICOs were built on Ethereum network. Gradually ethereum will recover.

Yeah, market is really dull. It’s all on a general ground. But I think ethereum has not outperform like in that 2018 because investor had more trust on the ICO then than they do now. Many ICO have scammed people that potential investors are afraid to invest. Apart from that, the whales are biggest string pullers on this market.

Keep in mind that Bitcoin leads, others follow.

Yes let's hope so and yes many investors did cash out as they assumed that the value of Ethereum will also go down and this cash out I mean panic selling eventually brought the value of Ethereum down. Ethereum will definitely fight back but I hope it does not end like it did this year. Everything happenes because of FUD which prompted users to do panic selling.

All the altcoins have fallen right now. It's not only Ethereum. We all know Ethereum is a good coin and it has a good future. Because there are so many Ethereum based projects. I think the Ethereum and other altcoins will be up when will Bitcoin stable at a higher price.

Right now the whole market for alts is down and coming to ETH we haven't heard anything positive from it either. But ETH still is the topmost choice in the alts and is possessing great potential and many other coins are dependent on it so, I believe the market will soon gain some momentum and ETH will again boom and make a good comeback...

So what's your opinion on the context of the current situation? I think the current situation is favorable for this platform because the price is rising again within an overnight, I know it's the influencing by the China president's speech about the potential of Blockchain system for the future perspective, I think this is a big step we have got and this is one of the positive factors which could make us comfortable for this platform. in this way, I think Chinese investors have regained their spirit regarding this platform, so that's why way, both Bitcoin and Etherum will get a positive vibe in the coming days.

Now the market is behaving this way because of constant policy interventions.We need to wait a little while everyone will say their opinions and come to something, then we will see excellent growth.

In my opinion, this is a domino effect. Take a look, it's not only ETH, but most of the highest ranked altcoins experience the same thing, right? One of the most basic reasons is that the price of BTC has fallen dramatically since the end of 2018, which has caused confusion and various bad speculations to circulate. So many investors and holders decide to secure their assets and sell most of their cryptocurrency.

No not really I do not agree with this because according to my nowadays ETH is getting better and improving after few months it will become fully announce in the market as a well-developed coin but yet it's on the way for it. I personally after bitcoin trust only ETH because it has the ability to give us profit. So now is great opportunity for ETH lovers to buy low.

It's true that the ethereum is kind of in a hibernate right now since when the year 2018 comes it is in a hibernate so its kind of hard to predict in what will be happen to rthereum. But right now due to the so much hard fluctuating of the bitcoin in which affects the altcoins and ripples, the other coins is going pump up and rising also because of the help of bitcoin.

this is just my thinking. there are currently too many ICOs using an eth platform that is not perfect. even a lot of fraud using the eth platform. so many investors go and look for a transition. I think investors went to IEO and chose BNB to hold. So that investors release their ethereum and keep prices down. Another factor is that the altcoin session dropped making Ethereum unable to survive and stable at high prices.

Do you have an opinion on how China can affect ETH and cryptocurrency in general?

Though updates bring interesting changes in the project but the price of ethereum is not solely dependent on this update. We all know that the prices of bitcoin have sheer affect on the values of all other altcoins whether it is as popular as Ethereum or any other altcoin. What I am expecting is that in the coming days as bitcoin is showing improvement in prices, ethereum will also start pumping.

to wait for the price of bitcoin and altcoin pumps simultaneously will be difficult, then better see the price of the pump first on bitcoin later if the time is right then altcoin will follow the pump. therefore I am still waiting for the peak pump from bitcoin, hopefully this trend continues

The market is dull at the moment and prices of alternative coins rise and fall each and every time. However, I believe the price of ethereum will soon rise once the crypto market recovers.

all coins in the market are experiencing the same thing. it's been almost the last 2 months the market looks stable and I think this will last until the end of the year. there is no sign of the pump yet, but we can expect that the market will be pumped in the first quarter of 2020 and will experience its peak in the middle of 2020. I think etherum is okay, and everything is almost normal as the crypto market.

I think Ethereum and crypto in general are stuck. Bitcoin has settled into digital gold. Ethereum has not found its use case. Its community still pitches lots of ideas. I wrote a post about Ethereum prospect. TLDR: ETH is not looking good, for now.

Original Post: https://bitflate.org/post/2019/11/16/ethereum-and-computer-language.html

Bitflate is a cryptocurrency with constant inflation of 7% per year.
This article reflects author’s opinion, not Bitflate community.

When I first got into crypto in 2017, the first project I looked at was Ethereum (ETH). It captured a lot of attention from the market. I’m a developer so I have the skills to dig around a ETH development framework, such as Truffle. I find the whole ecosystem confusing. The idea of smart contract and programmable blockchain sounds fancy. But like many things in software, fancy is a gloss for complex technology that doesn’t work. I followed ETH development. I didn’t find a good and simple use case that really gains adoption. I think CryptoKitties was probably the most notable project.

After ETH, I studied Bitcoin (BTC). I find it is more focused. BTC only wants to be money, in particular, digital gold. BTC clearly captured this market. ETH is like a research project. ETH is general purpose and programmable. It lacks focus. Their leaders often change narrative and pitch endless new ideas.

It is easy to go down the rabbit hole and attack each other. Some readers challenge my view on ETH. I write this article to explain my view about its prospect in the market.

Three success factors in crypto: use case, use case, use case

I use this real estate adage (location, location, location) to emphasize the importance of use case. Cryptocurrency is a new space. The most important factor that determines long-term success for a crypto is use case. For example, Bitcoin (BTC) is digital gold. zcash and Monero are privacy coins. Dogecoin is meme, fun, tip coin. Bitflate is inflating coin.

ETH pitch is general purpose, programmable blockchain. It is supposed to conquer all markets. But since it is general purpose, it doesn’t do anything particularly well. In digital gold use case, it is trailing far behind Bitcoin. Its programmable capability opens gateway for scams. Post ICO craze, ETH community has moved on to the next pitch, decentralized finance, DeFi.

It is easy to look at ETH history and point out many flaws. But if we think of it as an experimental, research project, we can learn some things from it. I suspect BTC sidechain idea is an effort to compete with ETH. Not everything in ETH is bad. But how do we gauge its success? From my software background, comparing ETH to computer language will give us some glimpse about ETH prospect.

Ethereum as computer language

Ethereum is a programmable blockchain. It’s supposed to be programmable, like a computer language. I find they share similarities. Computer language is obviously programmable :). One lesser known fact about computer language is almost all of them are general purpose. That means you can actually program anything with a particular language. For example, Java is a high level programming language. But it’s possible to program an operating using Java. This is an interesting feature but it is also very confusing. Occasionally, people will use programming language in very different use cases.

Programming language shines in specific use case

Each language is optimized and used for a very specific market. For example, when it comes to operating system, the dominant language is C. In enterprise software application, it is Java. PHP is a language that is used for web development. It doesn’t find much use outside of web development. In some cases, we find languages with multiple use cases. For example, Python started out as a scripting language, then it got adopted for web applications, and recently data science.

Drawing from computer language analogy, for ETH to succeed, it needs to find a specific use case. If ETH community keeps pitching general purpose blockchain, they diminish ETH long term prospect.

Polymorphic Ethereum

It is possible for Ethereum to be general purpose for a long time. It can be a fun research project for many years. Eventually, somebody will come up with a working scenario. This occasionally happens in computer language. Ruby is a lesser known programming language. It was invented in 1995. It did not find any success until around 2005. Interest in Ruby surged because a programmer, David Heinemeier Hansson (DHH), invented Rails, a new way to program web application. He decided to use Ruby as the underlying language.

Perhaps, around year 2025, an Ethereum DHH will appear and figure out a cool use case for Ethereum. Even then, it is good to remember that even with Ruby, its use case is limited to Rails. The applicable Ethereum use case will be very specific. It will not be what we see today in the market.

Disclosure: I’m long Bitcoin (BTC) and Biflate (BFL).

Current market conditions are indeed difficult for us to predict. as you all say is stable with small movements, not only ethereum but also almost all coins in the crypto market experience the same problem. if you expect the pump to come, maybe it will happen next year. but it should be seen at the end of this year the movement of ethereum and the market when some major updates from ethereum and bitcoin will occur next year.

I think almost all altcoin is experiencing a decline like eth. since the first quarter of 2018 the bitcoin market has declined and this has had an impact on the altcoin market. plus the many cases of ICO scams make eth values increasingly fall. because some ICOs use eth. if there are currently very few ICO projects, then eth demand is also greatly reduced. I think this is one of the reasons eth prices continue to decline. I hope that when Bictoin splits in the next year the eth value will increase.

Ethereum price just reflects the market and that's the fact, when there is a bullrun, Ethereum price would move with it as well, it's just that the market is generally bad right now and the price of Ethereum reflects this, it might seem like the price is just hibernating but I think it's because the ICO tokensale model has died, who remembers the days of gas wars? This made the sales of Ethereum rise and hence the price as well, but those days are gone and I think what would make it rise higher is bullrun.

I am sure that Ethereum too knows that they are being affected by this and they need to do something about it since the only real use case that they have right now is still their china, except maybe the futures they want to introduce in their next upgrade which I don’t see as a product that will really drive the market as much as ICO did.

Their chain service for ICO is still a very good product at any time, but there is lots of limitation on it and this limitation is what they really need to first of all take out of their way first if they really want to have more growth in the value of their coin, because if they dint do something about it, they might eventually be losing their dominance to bitcoin and may get to a point where bitcoin increase will not affect them again.

it is not only ethereum, i guess most of the altcoins is underperforming .

so instead questioning about "what is wrong with ethereum" let's start questioning about "what is wrong with altcoins?" i am a big fan of this ethereum coin since the beginning , since they make a good move partenring with microsoft azure.
there is a trend where a lot of newcomer investor prefer to store their value temporarily in a stable coins like USDT , USDC and PAX that climb up to top 50 coins quickly these days , the big four like ethereum litecoin xlm and dash slowly get abandoned by the investors.

this is the most makes sense reason why for me, the whole altcoins has been underperformed not only ethereum.

We will see that after the upgrade. Before the upgrade, we can discuss what will happen, about our expectations, all that is just talk, that needs to happen and we need to see realization, after that, we will know much more in which direction Ethereum is going.
Now I think that this upgrade will be good for Ethereum, many people find staking more attractive then mining. In the long run, this can boost demand for Ethereum.

Normal things for each coin to experience competition. It also applies to Ethereum. You can see that Ethereum is quite a well-bangus Altcoin, even one of the coins that is quite superior to him. So much their hopes towards Ethereum. But do not forget that Ethereum can also experience a decline. Nowadays there are slight obstacles that result in a decline. So it interferes with the state of Ethereum.

Despite the fact that there has been rumours about the eminent increase in the value of ethereum as a result of the introduction of the ethereum 2.0 by next year, we are yet to see substantial increase in the value of ethereum, but rather the value of Bitcoin and other altcoin has been on the decline lately

To speculate the course was always something dreamt of by many, still in reality u can't. ETH could explode tomorrow or go down tomorrow. Don't try to predict the unpredictable

we cannot force the current market desires even the value of ETH continues to be hit below $ 150, the easy thing to guess is why the price of ETH is not moving because it follows the price of bitcoin which also looks uninspired, it's hard to kick it above $ 200 until the end of this year the market is still gloomy and not passionate, maybe everyone is waiting in the following year when ETH will be reincarnated to ETH 2.0 and new things come from it  ;)

Don't try to look for reasons when the price chart shows it all. Although there is no bad news, its price will still be down due to the demand between supply and demand. When the buyer feels that the crowd is not thinking the same way, they will gradually turn to the seller and continue like that, it will create a long red candle. and to solve your questions you should spend money and take TA courses to better understand market volatility.

In the past we saw that there is a difference between the price of a coin and news. Even with Ethereum related good news like increasing usage of Defi and high blockchain usage it doesn't mean the price has to follow. I still think the price will increase again in the future, the time just hasn't come yet.

The general market status is what matters now to people, they are not investing in coins if the market is not bullish so we are seeing a non stable movement for ETH. But think of it and its future, consider ETH as a sleeping giant that are giving us a longer period of opportunity to accumulate, and always use your mind and not your emotion, be realistic and based your future prediction on its past trends and for sure you will be optimistic with the future.

Ethereum experienced a remarkable increase at the end of 2017 and I think the current ethereum conditions are influenced by overall market conditions. Bitcoin, which is a market leader, has decreased prices and transaction value and I think it's natural that ethereum is experiencing this. But ethereum is a good coin and I think the price will recover as the crypto market recovers

Normal things for each coin to experience competition. It also applies to Ethereum. You can see that Ethereum is quite a well-bangus Altcoin, even one of the coins that is quite superior to him. So much their hopes towards Ethereum. But do not forget that Ethereum can also experience a decline. Nowadays there are slight obstacles that result in a decline. So it interferes with the state of Ethereum.

Anyone waiting for the new update. The ethereum price has dropped a lot. This is a shame. Vitalik needs to launch a new advertising campaign. Of course I don't believe this will happen. Everything is speculation in this market. Vitalik is passive about it.

at this time not many projects require ethereum, unlike the rise of ICO. thus the demand for ethereum decreases. I think this is what makes prices so slumped. therefore ethereum needs a change, and at the beginning of the year we can see it

yes, same with my opinion ETH is down untill now, many people are disappointed with that. althought, ethereum price not reach 0,1 from bitcoin, during i see year to year its standart from ethereum price.
in my opinion, the reason ethereum not increase price is people just saving ethereum so makes in the market there are not supply and demand activity

Rules of this market are very straight. When Bitcoin is up everything jump up and vice versa. Bitcoin is continuously under pressure and its not possible for Ethereum to avoid this pressure.
Current price of ethereum is ideal for buying. Unfortunatly not many paying attention to this factor. Dont know why everyone fears buying in red market.

Ethereum has not been impressing as I have expected the price to have moved. It has consistently dip and under-perform against the bitcoin which has been making investors have conflicting thought either to hold or sell for bitcoin. Well ETH remains a coin to beat.

Ethereum just had another delay. as Parity released an urgent announcement,
because they forgot to include an EIP in the latest upgrade...

source information:
https://bitcoinist.com/ethereum-client-urges-all-users-to-do-another-upgrade/

Do you think Ethereum still looks strong? My biggest disappointment is Ethereum. I think it's the most robust project on the market. Ethereum price should be at least 500 dollars. It shows no resistance! Bitcoin crushes everything.

Everyone is waiting for a reason for the price of Ethereum to rise. Will this increase come with the new update? I don't really believe that. Let them perform the update in time. The market needs new stories. We need new quarterbackers from CZ and Justin.