Ethereum: Sinking ship or Sleeping Giant?

[tenakha]

Not a sleeping giant because its already pump so many times, and this dump is just a part of their progress. The top altcoins will not give up from reaching another peak and I believe ETH will bounce back next year and we will see ATH again. ETH will always be a good coin, a coin where you can get more profit and more usage.

Although I can not say anything about time, IMO ETH is one of the most important and successful projects that we all need. Yes, it is clear that news about Vitalik's recent sale of 30k and delaying of 2.0 has an impact on ETH negatively. But, the market needs it, I do not know better than ETH, which is suitable for second place. So be sure that the price will increase at the first opportunity and when the 2.0 update is over we will all see the price boom together.

[scaryvirus]

it's a successful centralized scam pretending to be decentralized.





















https://www.reddit.com/r/ethereumfraud/

nothing more has to be said

it's not relevant to decentralized technology, decentralized altcoins, or decentralized cryptocurrency

[LouVandetta]

Why the worry since you are holding just 10% ETH in your portfolio? Moreover vitalik and team are really working hard to keep ETH at its glory position or even surpass past success, i think you should think twice, ETH still has better chance of growing higher someday

Even 10% could make a difference on your portfolio. Who knows, that 10% might worth a huge amount of money, so yeah.

Looking for the past prices of eth, we couldn't reallt say neither it's a shinking ship or sleeping giant. We're not really undervalued which is the price never really reachead a very botton mark. We've had tons of increase and decrease these past few months even year. The experienced ones take that as a chance to make an entry and exit point.

I don't even know whether ETH 2.0 will get postponed or not, still, a great development takes more time to be completed. As to make sure nothing goes wrong and everything is in place.

[danherbias07]

I’ve been into Bitcoin since 2014. It’s always been my main thing, however I’ll admit I got swept up in the 2017 cycle and got burned on quite a few projects. I eventually consolidated back to 100% bitcoin.

Now I find myself in a situation where I really believe in Ethereum as the only other viable project. I’ve been accumulating Ether to the point where now I’m 80% BTC, 10% Eth and, 10% USDC (prepared to buy more BTC when the time is right).

10% is just enough and I have the same idea of how I divide my coins. Mostly the trusted Bitcoin of course.

That said, I am concerned about those stolen $100million in Eth. That can depress the value of Eth for years.

There is still no proof of this right?
Is it really that easy to bag $105M and just vanish like a bubble being popped? I dont think so.
They will undergo a lot of things before they could even take this out to hard cash.

Part of me wants to just sell my Eth for BTC and not look back. Another part of me wants to keep buying Eth as it goes down.

Any intelligent insights on this forum? Not a pissing match, not a shitcoin shill session. Just honest feelings about Ethereum from other veterans in the space.

I disagree to see. Ethereum price had just been playing at $120-130 and it had already been a while like that.
If that news was true, then we should have been seeing it fluctuate down until 2 digit numbers.
But look, it is still at $124.

[antsam]

Seeing that there are still many projects currently popping up that were built with the Etherum platform, then I think that trust still exists and is strong for ETH and will not sink to death like Titanic. In my opinion, it is true that all alt trends are down

[starblocks]

It might be worthwhile going with the latter on this topic simply due to the fact there isn't much competition market cap wise for Ethereum from similar platforms and its recent upgrades now give it a ranking of second place under EOS by CCID's global blockchain technology ratings index so there's plenty of potential once the market realizes it

[deathcode]

Seeing that there are still many projects currently popping up that were built with the Etherum platform, then I think that trust still exists and is strong for ETH and will not sink to death like Titanic. In my opinion, it is true that all alt trends are down

but not many are serious. even most are junk coins. just look at how easy people make tokens with the ethereum blockchain and they can make their trash tokens with only very little capital. that's why ethereum is widely used as a tool to make junk tokens.
it all depends on how the developer resolves this problem. if you want investor confidence back then there must be something fixed. indirectly the junk tokens make trust in ETH also flawed.

[ajiz138]

No need to worry about ethereum, because Ethereum has a professional developer. The current price is very bad and there are no signs to go up. But I am sure ethereum will rise when Ethereum 2.0 is launched soon.
we know ethereum as a valuable altcoin compared to other altcoins. Ethereum is the center of other coins for development.

[TastyChillySauce00]

I'd never consider a coin that has gone thousands percent up from its initial price as a sleeping giant even in the slightest. The premise about this PoS switching is promising but doesn't necessarily make it any better than it's now.

It might be worthwhile going with the latter on this topic simply due to the fact there isn't much competition market cap wise for Ethereum from similar platforms and its recent upgrades now give it a ranking of second place under EOS by CCID's global blockchain technology ratings index so there's plenty of potential once the market realizes it

Quite the opposite I think, once people realizes that these platform like ethereum which shares the same category as EOS or anything out there gives no real meaning, it becomes overvalued.

[NathanJB]

None of the above. Ethereum is just a sailing ship. Sometimes, it braves bad weather in the ocean. Sometimes, the weather is good and its sailing is perfectly smooth. I am referring to its price rising and falling. It is not sinking obviously. It is moving forward. Take a look at their lined up updates and you will realize how active it is. It is not a sleeping giant either. It is widely awake. It has yet to get back to $1,400 though.

[puremage111]

I would say its a Sinking Sleeping Giant which is on a ship
It could sink but it is also a sleeping giant at the same price

The risk reward is huge at least imo
Putting the price assume at $200
With target profit range of $600

At most, you will just lose your $200
But the reward side is really huge if the coin could overturn the bearish trend

There's no doubt ever sinking ship could somehow reward one with treasures if you ride on the right one

[mcnocon2]

At first, Vitalik and his team decided to sell some ethereum for them to fund the ETH 2.0 that will transitioned from POW to POS and it is not an easy thing, and they are the only one I knew who have guts to make this possible. The main thing why it is delayed because they want to transition smoothly without bugs.

[Reid]

You do have some good points.
But why give up now?
I bet you had been holding those ETH for a long time now.
Besides, ETH is one of the trusted coins out there. Where else would you put all those 10 percent that you have been holding?
You already have a large percentage for bitcoin so IMO risking it with another new coin will just be difficult and it might end up bad.

[alan2here]

None of the above. Ethereum is just a sailing ship. Sometimes, it braves bad weather in the ocean. Sometimes, the weather is good and its sailing is perfectly smooth. I am referring to its price rising and falling. It is not sinking obviously. It is moving forward. Take a look at their lined up updates and you will realize how active it is. It is not a sleeping giant either. It is widely awake. It has yet to get back to $1,400 though.

I think ETH is considered a very good option during this time because investors have been inclined to invest a lot in this coin recently. The market is currently not stable, so it takes a lot of time for things to get better. Personally, I still spend a lot of time researching because ETH has helped me earn huge profits in the past

However, you need to be more careful when investing in the long term because even a small mistake will make you lose more than 30% of your assets in a short time.

[Sithara007]

During the recent weeks, reports are coming in that a number of Ethereum developers are no longer being active in the project and many of them are dumping their coins. And this is what money can do to the people. Many of these developers became filthy rich, when they sold a part of their stash at ATH prices ($1,450 per coin). Now they know that ETH is never going to get back to those levels, and they are busy spending their money and moving on to the other projects. Ethereum 2.0 was supposed to roll out by the end of 2019. The new date being given is 2024.

[xZork]

I was also a follower of ETH before, and when the market exploded in 2017 I was really crazy about it. However, over time, ICOs have revealed its limitations, which undermines my beliefs and that of many investors.
Up to now I only keep 20% of ETH in my total assets. If in 2020 ETH cannot be upgraded to 2.0, I will probably sell all the ETH I hold and move to Bitcoin.

[acdc]

Although ETH's reputation is not good at the moment because of the junk and fraudulent ICOs, I still believe in ETH. ETH is currently being traded at $ 120 ~ 130, which is a good price and worth buying.
Perhaps the news of the $ 100 million stolen and the delay in upgrading 2.0 caused the price of ETH to plummet, but I'm sure the development team will have a way to fix this and bring ETH back.

[drachman]

I’ve been into Bitcoin since 2014. It’s always been my main thing, however I’ll admit I got swept up in the 2017 cycle and got burned on quite a few projects. I eventually consolidated back to 100% bitcoin.

Now I find myself in a situation where I really believe in Ethereum as the only other viable project. I’ve been accumulating Ether to the point where now I’m 80% BTC, 10% Eth and, 10% USDC (prepared to buy more BTC when the time is right).

I’m preparing for Eth 2.0 staking. I see all the Defi projects built on Eth. The stablecoins, the ecosystem. If Eth fell, it would bring a huge chunk of the crypto market down with it. So for this reason, I can’t see ethereum really disappearing. It’s the only crypto that I’ve actually used (I bought something with USDC, an ERC-20 token).

That said, I am concerned about those stolen $100million in Eth. That can depress the value of Eth for years. I’m concerned about the constant hard forking, the constant delay of Eth 2.0, and the general amateurish feeling of the project. I hate that Vitalik, and the ethereum foundation dumped their bags on people at the ATH.

Part of me wants to just sell my Eth for BTC and not look back. Another part of me wants to keep buying Eth as it goes down.

Any intelligent insights on this forum? Not a pissing match, not a shitcoin shill session. Just honest feelings about Ethereum from other veterans in the space.

Besides bitcoin the only other coin that I'm watching is ethereum and that is because I have a very strong feeling that at some point in the future ethereum is going to wake up and give once again amazing profits, but if you do not feel like taking your chances then it is OK to just keep your current portfolio in which 10% is dedicated to it, that way if it crashes then you're not going to be that affected by it and if it goes up then you are not completely left out and you still obtain some profits.

[minairia3]

The answer is not yet sure but I still holding some eth on my purse. This is the only project that helps me understand tokenization and smart contract. I guess we could say that this project still is an early adoption of their paltform. Blockchain still on going imrpovement and eth still doing their thing to make their platform a good one. From 2017 ATH of 1.4k$ down to 127$ is a huge loss but its not due to a low value of project but bearish sentiment of this market. Well, on my final thought eth is one of the sleeping giants.

[Aabcde]

When viewed from the circumstances that op provided, I conclude that ethereum is just a sleeping giant who is going through a difficult period for several reasons.
Update 2.0 that does not come and the time is unclear could be a scourge for some people to drop the trust of believers.
negative issues will always exist in this crypto world not only in ethereum. What is clear as long as the developer is still there and develop their coins, I think there is hope.