Ethereum: Sinking ship or Sleeping Giant?

[DrBitcoin]

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.

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[rosezionjohn]

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.

It would be better if you could give us a reference to all your concerns.

• $100M stolen eth - are you talking about the Eth's stolen from PlusToken's wallet? If yes, then there's nothing that can be done about it. The dumping continues and will keep on going until those stolen eths are sold out. You can take advantage of what's happening now though if you are for long term.
• Hardforking & constant delay - I would rather call it "network upgrade" but yeah the delay for the launching of ethereum 2.0 is is also delaying the growth of eth both in development and in price. I read that it could be postponed until 2021
• Selling at ATH - Ah well, this came as a surprise as well. But what can we do? 70,000 ETH sold for around $100 million at the time would have discouraged more ethereum enthusiasts if this was announced in 2017. In hinsight, it looks like they actually made the right move. It would have been harder for them if they liquidated later. If they didn't have that kind of funds since 2018, we would probably see ethereum 2.0 by 2025 or later

Just honest feelings about Ethereum from other veterans in the space.

I'm not a veteran like you by the way. I'm just sharing my thought here.

[enhu]

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.

[JahriMeayer]

Ethereum is good but in my opinion that makes ethereum prices destroyed because tokens are made with eth smartcontracts, makes people sell eth like investors, dev project tokens or scammers so I think eth is not too good to keep

[makishart]

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.

Have you ever seen DeFi that built in ethereum platform that was really useful for us and fix the common problem in the community? I have not, at least not yet.

Im not sure about does ethereum is really need the fresh money but i just hear if almost a half from the total ethereum were dumped at ATH was coming from the vitalik's personal wallet (pre-mined coin for him)

The fact that the ico address of ethereum itself still contains more than 30k bitcoin at this moment.

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.

• Hardforking & constant delay - I would rather call it "network upgrade" but yeah the delay for the launching of ethereum 2.0 is is also delaying the growth of eth both in development and in price. I read that it could be postponed until 2021

I just think if what has already said by ethereum core developers if complete ethereum 2.0 updates can't be done in the next year and they were saying the possible date to complete all of updates in the next year after 2020 which is 2021. it doesn't mean ethereum core dev is postponing the ethereum 2.0

[bonyaserg]

Yes, now in this not calm time it is difficult to determine how the cryptocurrency will behave. Some say that everything will disappear and collapse. Other participants promise a good future for cryptocurrency. But according to forecasts, we are on the verge of big changes in the field of cryptocurrency. Since many other rich countries want to release their very promising crypt. And I believe that now Ethereum and Bitcoin will gradually grow and reach new opportunities in the crypto world.

[Kvalentine]

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

[Ucy]

I kind of think that the dump should be an opportunity for developers to get things fixed & prevent bigger dumps in the future. The market is probably trying to tell everyone that something is wrong and need fixing but this does bother us too much. Price manipulations have even worsen the situation... It's a bit hard to tell if something is going wrong or not thesedays.
I would keep buying if I were you. Price shouldn't matter too much anyway. There are some really interesting things happening on the Blockchain.

[Xcode7]

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 think there will be a time when everything will be fine and go back to the way it was, I am now a little bit in storing ethereum, no more than 30% and the remaining bitcoin and some altcoin for short-term sale. And surprises will still apply in cryptocurrency

[rosezionjohn]

I just think if what has already said by ethereum core developers if complete ethereum 2.0 updates can't be done in the next year and they were saying the possible date to complete all of updates in the next year after 2020 which is 2021. it doesn't mean ethereum core dev is postponing the ethereum 2.0

Yes of course they won't be postponing the development of ethereum 2.0, it will continue until they are ready. I was talking about postponing the full launch when I mentioned 2021.

Why the worry since you are holding just 10% ETH in your portfolio?

Probably because his entire portfolio is $100,000 or more. Assuming it's $100K, the $10K worth of Eth is still not a joke.

[Samayuki]

Ethereum is definitely a sleeping giant, its the best altcoin so far and its still my favourite among other competitors like EOS and Tron, i believe with the upcoming upgrades it will deliver better performance

[Winscosinally]

If ETH 2.0 get postponed again i won't like it at all, many like myself are waiting and i belief that the Prove of Stake will make ETH have better value, we will see many whales buying and holding to get rewards

[spadormie]

Even if we say that you can still sell your ETH as of these days, I guess that we're a little bit too late in selling our Ethereums. It's been a while since we saw pump from cryptocurrency. What I'm waiting now is the pump and the BTC halving. Once the halving happens, it would only be a matter of time to see a major pump.

[avikz]

If ETH 2.0 get postponed again i won't like it at all, many like myself are waiting and i belief that the Prove of Stake will make ETH have better value, we will see many whales buying and holding to get rewards

Any big change takes time! Moving a billion dollar valued coin into a different algorithm requires a great amount of effort and a lot of technical expertise. ETH will eventually move to POS but it is just taking its own sweet time.

Big whales as well as commkn people like us, are already buying it so that they can earn passive income from staking. The demand of ETH is only going to increase and not decrease post movement to POS. For me, it is definitely a sleeping giant right at this moment!

[livingfree]

Now we have an idea that the devs of ETH will sell again if we reach the peak of ethereum. And by that time, we shouldn't be ignorant and confident anymore and we have to do what exactly they are planning to do so that we won't be left behind.

I still have ETH and believing on it as long as there's an update and potential upgrade and development that it's trying to conduct for its technology. I still think that there will be a recovery for ETH but it's possibly that it won't be on a $1400 peak anymore.

[JeffBrad12]

to be honest, I just don't feel like Ethereum is sleeping giant at all and even right now Ethereum in my opinion is not overvalued. The switch to PoS might be beneficial for the whole Ethereum community but that's it, there's nothing more to it. In the past the price could get that high simply because all the things that revolve around Ethereum and the use of ERC20 that are massive but nowadays those projects have switched to their own mainnet leaving Ethereum blockchain's behind which also means they are dumping their ETH reserve.

[abeecrypto]

Yea, I get where you are coming from. But, Ethereum has lots of potentials that are yet to be exploited. There might have been some glitches to this point in time, but I think Ethereum will get to its feet and boom.

And here is the funny thing in the crypto space: we can never be sure of anything. One minute, things are looking bad, next minute, things begin to look too good.

Hold with your Etherium and possibly buy more as it goes down. Don't take my word for it.

It's all a risk. isn't it?

[samcrypto]

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.

[BuNga_cute]

Although throughout 2019 the performance of ethereum is arguably disappointing, and now the price of ethereum is only at $ 126.
But it must be admitted ethereum is still the best altcoins. And I'm still optimistic about the future of ethereum, therefore I think
ethereum is a sleeping giant.Because I see ethereum developer is still active,they want make ethereum can be useful for the cryptocurrency
community by making various projects, one of the projects is ethereum 2.0. The planned launch in 2020 could raise ethereum prices.

[shinratensei_]

Ethereum is definitely a sleeping giant, its the best altcoin so far and its still my favourite among other competitors like EOS and Tron, i believe with the upcoming upgrades it will deliver better performance

The better performance is actually true to consider ethereum has planned to upgrade the protocol with so many upgraded and will be added to the new features too. The real problem here does it make others wanna buy ethereum again to be used for the long term investment or not? So many people are putting big speculation to the future of ethereum but the price of ethereum itself doesn't even move from the current position to the above $140 position again which means if that is a really bad result.
TRON AND EOS are facing the same problem with ethereum too as their price keep plunged a lot. The protocol update is actually upgrading everything in ethereum but it does not always bring FOMO.