Ethereum: Sinking ship or Sleeping Giant?

[ansi]

I always loved Ethereum & still do, i like it more than BTC itself.
Ethereum should be a $1000+ token, but this cryptosphere is just so weird,.
It's the best blockchain with the best Dapps out there, so sad to see it worth like $150 & may be even lower if this bear winter continues.

[1715067143]

1715067143

[ashmodeus]

70% sleeping giant for me. the reason why i still have a feel eth just a sinking ship because the dev it self , delay and delay about eth 2.
also , according to vitalik it self on a news i read( i forget what name news is that) eth is stuck in the middle of confusion.
“In order to add scalability to my blockchain – what should I sacrifice? Should I sacrifice Decentralization? Or should I sacrifice Security?”
however, enthusiasm for eth 2 still damn high, lets see phase 0 on january.

[meanwords]

I don't know about giving up on Ethereum at this point. It was too late when I heard Ethereum was sinking because of a recent hacking. Though it's a bummer that Ethereum is being dump, I'm just waiting for it to finish in order to buy some because I know that Ethereum would one day go pass beyond $150. At least we are yet given another opportunity by the dumpers to invest in some cheap Ethereum again.

[robelneo]

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.

I'm also do not see Ethereum going down to its position, I strongly believe that it is secured in the second spot, so many tokens are relying on Ethereum, I am very bullish on Ethereum in fact 20% of my portfolio is Ethereum, Bitcoin being the main, even if there are few ICO or IEO that build their token in Ethereum, there are still who use their platform for educational or company only token.

[bitzizzix]

I still believe in Ethereum and I consider it a sleeping giant and it seems that Ethereum developers continue to work and work hard to improve network scalability and reduce congestion that has happened so far and I believe that 2020 the giant will wake up from sleep.
it's better to do Ethereum stock to hold it and wait for the giant to wake up and prove it.

[criket]

I still believe in Ethereum and I consider it a sleeping giant and it seems that Ethereum developers continue to work and work hard to improve network scalability and reduce congestion that has happened so far and I believe that 2020 the giant will wake up from sleep.
it's better to do Ethereum stock to hold it and wait for the giant to wake up and prove it.

we all know that ethereum is indeed an asset that once had a glory with a very fast developing market. but the ethereum 2.0 update doesn't necessarily make the price go up. ethereum prices can improve if the market is really in a better condition. although in an update if the market does not support I think we will wait longer for this giant to wake up from his long sleep.

[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.

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.

That loss in a short time is unavoidable especially if your investment is planned for the long term. A long term investment is accepting the fact that the value of your portfolio will dive and rise depending on the condition of the market. But since you are looking at the longer range it does not matter much for as long as it is growing little by little despite the price fluctuations.

ETH is next to Bitcoin. There is no reason to fear about its progress. It has been number 2 for a long time in the overall rank.

[fuer44]

I think etherum is a sleeping giant. we know that vitalik always makes a surprise, as it did in early 2018 when it sold large quantities of etherum and then the market went down. it means that most likely at the moment he also has a large amount to pump etherum, and also we are waiting for etherum 2.0.

[VanDeinsberg12]

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.

if the ETH 2.0 update isn’t released on time, then again we will see a long drop in Ethereum price... it will be even sadder than last year. if this will happens again there is a chance that we will see Ethereum for $ 30, which will be very dangerous for its existence in this market. I think that Vitalik will do everything that is possible for the deadlines for the implementation of goals were saved

that will happen for sure as plustoken and more whale have been sending their ethereum to the market. I just expect the price of ethereum will touch $100 in the future. I can't expect if that will happen next year or when but the fundamental of the ethereum itself has already told us about that.
Ethereum POS will bring so many holders to stake their ethereum to get the annual yield but that will not happen next year. that means dump for ethereum caused by some whale may not be patience for that.
Vitalik is even prefer holding bitcoin rather than ethereum.

[naikturun]

It would be too late for us to dump what we have today since they have already dumped, once we do it today and the price goes up without dipping a below our selling price it would mean we will be forced to buy back higher price. That is just priceless example of buy high sell low scenario, the last time it went $300 should have been your best opportunity but today I'm not doing it.

those who have a lot of capital will rule the market.
however the price will continue to rise whether it is manipulated or not, because eth use every year will continue to increase.
this is a picture from year to year since eth release.

[yulionoo]

I still believe with ethereum can pump again we just need to be patient and wait again. at this time the ethereum value has decreased dramatically but that does not mean ethereum will sink and end. ethereum is currently in second place as the top coin and the developers are also still active and plan to release ethereum version 2.0 so in my opinion there is still a chance for ethereum to reach the highest price again.

[Natalim]

Sleeping giant... why would you think it's sinking, crypto is not a traditional type of investment, it's very unpredictable here, what we think that its sinking because we based in other kind of investment is wrong.

Man calm down, just also look at the past performance of ETH so you'll realize how strong this asset is.

Do you think investors will just let go and leave crypto, no.. they will stay here because they believe on the future potential of ETH that will help to be a too for massive adoption.

[arwin100]

Who told you that the ship for ETH is sinking do you see the rankings down? it's still placed on top of the alt's chain so I conclude that there's still a potential for another ATH to reach up. Maybe you are just frustrated for the current situation and if you see the whole things all of the alt's suffer from the dump and the good thing there is you can buy them at the cheapest rate.

[Dart18]

Sleeping Giant on my own opinion.

You are using PlusToken as an example of the drift in price of Ethereum.
Okay, let us say that really happened.
But how much was just lost in the price of Ethereum? $10? That low? For how much $200M?
By that, we could say that its strength is still there.

[bitkanu]

It would be too late for us to dump what we have today since they have already dumped, once we do it today and the price goes up without dipping a below our selling price it would mean we will be forced to buy back higher price. That is just priceless example of buy high sell low scenario, the last time it went $300 should have been your best opportunity but today I'm not doing it.

those who have a lot of capital will rule the market.
however the price will continue to rise whether it is manipulated or not, because eth use every year will continue to increase.
this is a picture from year to year since eth release.

Rather than rule and i would like to call that as manipulating the market since a big capital means a lot of resources for the whale to do anything to the market. We have seen so many stories about the whales are manipulating the market even create a big dump instantly. that is the worst case that can happen with ethereum. But when so many pressures have come and that will not help the price.

[romero121]

Ethereum is a sleeping Giant in my opinion, because even after hard times ethereum stands strong serving as the leader to the altcoins. It is the only altcoin that stood high against bitcoin in terms of competence on the dominance. As of now ethereum seems sleeping, because years back itself the price is predicted to grow but scenario isn't supportive. Probably the upcoming year will give good growth for ethereum.

[slaman29]

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.

if the ETH 2.0 update isn’t released on time, then again we will see a long drop in Ethereum price... it will be even sadder than last year. if this will happens again there is a chance that we will see Ethereum for $ 30, which will be very dangerous for its existence in this market. I think that Vitalik will do everything that is possible for the deadlines for the implementation of goals were saved

2.0 will be on time, but people seem to think it's right around the corner. It's not. There has to be a lot of time needed and care to ensure critical bugs don't happen. Rush it and you'll end up depreciating the price even more. Delay it, and you'll see something even better happen to it when it finally does get out fully mature and bug free.

$30 ETH? I'll be buying through my nose.

[bettercrypto]

Ethereum is a cryptocurrency. Lol.
Don't depend from what you have seen today but refer to what it gained before and its future. Ethereum is really down right now and anytime it may turn into a shitcoin. However, as long as it is developing and Vitalik accepts coin that will use ERC20 TOKEN, then ethereum will stay alive.

[ven7net]

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.

I came to the crypto market in mid-2017 and the first cryptocurrency I met was ETH. Next, I began to participate in cryptocurrency projects and accumulate ERC-20 tokens. I also had to study all the important points related specifically to the Ethereum platform, namely wallets, exchanges, how to determine the network load and choose the right gas. All this gave me the opportunity to get closer to ETH as much as possible and I consider this platform and this cryptocurrency the best for me and I hope that in the future ETH will show the best result.

[mrdeposit]

I don't know about giving up on Ethereum at this point. It was too late when I heard Ethereum was sinking because of a recent hacking. Though it's a bummer that Ethereum is being dump, I'm just waiting for it to finish in order to buy some because I know that Ethereum would one day go pass beyond $150. At least we are yet given another opportunity by the dumpers to invest in some cheap Ethereum again.

The current situation of ethereum is very complex, it will surely not be a shitcoin, but the dark clouds on it make me think we are at risk. In order to save the situation, they should trans ETH 2.0 a little faster or make another innovation. Because this market does not move every coin to second place easily.