ETH Sentiment Poll for December

[tokeweed]

Like BTC, November wasn't really great for WTH too.  And like BTC, it looked like ETH was going to start trending up for a while but then of course something shtty has to happen.  FTX.  :/  But it also feels like the market stopped caring and we're seeing some buyers scoop up some ETH at these prices.

We'll do exactly the same thing as the BTC sentiment thread.  Look at the chart below and answer the poll. I saw a guy asking for 'undecided' in the BTC thread.  I say no...  Let's not take ourselves seriously now.  Just have fun and answer yes or no.  

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[o48o]

Well it might as well could go up slowly for a while just to fill up that huge bear flag and go down another leg. That would actually make lot of sense in many ways. I totally understand that this isn't a popular idea as everyone would like a recovery and new bull run as soon as possible.

Second (bullish) possibility is (if you are elliot wave fan) that correction waves ABC were obvious and bear is over.

[hd49728]

There is rumor about ETH recent days.

In the past, CFTC said many times that among thousands of cryptocurrency on market, they only considered two of them are assets: Bitcoin and Ethereum. In shock of all, in recent interview, they said they consider only Bitcoin as an asset. They stopped mention about ETH as an asset.

That interview caused a rumor that ETH is an involved cryptocurrency in the lawsuit between SEC and XRP and to reduce risk of potential lawsuit against ETH, Coinbase delist Ethereum Classic from their wallet.

But another rumor and hypothesis is why Ethereum Classic ETC but not Ethereum ETH?

A hypothesis is if SEC consider ETH as a stock, it should be the original ETH, now is ETC after the DAO hack and a consequent fork later to resolve financial loses from that hack.

Speculation for ETH in December, I don't think it will rise up a lot but price around $1,000 is good for accumulation. $1,200 is an expensive price for me in these months.

[Baofeng]

^^ It seems that they are at lost with ETH right now, not sure if they are still going to categorized it as a commodity.

Behnam said that the only cryptocurrency that should be viewed as a commodity is Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity. 

https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/

Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.

[o48o]

There is rumor about ETH recent days.

In the past, CFTC said many times that among thousands of cryptocurrency on market, they only considered two of them are assets: Bitcoin and Ethereum. In shock of all, in recent interview, they said they consider only Bitcoin as an asset. They stopped mention about ETH as an asset.

That interview caused a rumor that ETH is an involved cryptocurrency in the lawsuit between SEC and XRP and to reduce risk of potential lawsuit against ETH, Coinbase delist Ethereum Classic from their wallet.

But another rumor and hypothesis is why Ethereum Classic ETC but not Ethereum ETH?

A hypothesis is if SEC consider ETH as a stock, it should be the original ETH, now is ETC after the DAO hack and a consequent fork later to resolve financial loses from that hack.

Speculation for ETH in December, I don't think it will rise up a lot but price around $1,000 is good for accumulation. $1,200 is an expensive price for me in these months.

Again, this is most likely fud from bitter pos haters.
Even If eth had an issue with SEC it would be most likely be something to do with SEC finding flaw on their ico. On which case they would be given a fee that wouldn't be much as eth didn't raise that much.

And Eth is not a stock. And correct me If i am wrong but currently there are no real tokenized stocks, there are only tokenised synthetics that have a value of a stock, that people are calling stocks because they are clones representing stock value.

Eth is the very definition of an utility token.

[hd49728]

Again, this is most likely fud from bitter pos haters.
Even If eth had an issue with SEC it would be most likely be something to do with SEC finding flaw on their ico. On which case they would be given a fee that wouldn't be much as eth didn't raise that much.

And Eth is not a stock. And correct me If i am wrong but currently there are no real tokenized stocks, there are only tokenised synthetics that have a value of a stock, that people are calling stocks because they are clones representing stock value.

Eth is the very definition of an utility token.

I did not say what CFTC wanted to do is right thing.

They can not and should not change their words easily like this. Even so, will investors let them complete it easily?

That causes a rumor that ETC will be a victim, not ETH because CFTC and SEC will attack ETC which will bring less lawsuits against them. ETC is the original ETH and it is what was used to run crowdfunding years ago. Anyway it is rumor and I only shared it to you. I don't say it is true or untrue because I don't know too.

[tokeweed]

^^ It seems that they are at lost with ETH right now, not sure if they are still going to categorized it as a commodity.

Behnam said that the only cryptocurrency that should be viewed as a commodity is Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity.  

https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/

Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.

But here's the thing, even though there's still gonna be some sht going on in crypto, is the market still gonna react negatively in the same magnitude as when the Terra Luna fiasco happened?  FTX's fiasco didn't really cause that much of a sell down imho...  Given how huge it was.  If it happened around January, we'd see BTC drop 50% in a couple of days imho.  Lol.  

So yeah, I think it could be getting to a point where the market just doesn't care anymore.  Dunno...

[Captain Corporate]

That is mainly because we are already down a lot. We were from 68k to 20k by that time when FTX happened, so all it could do was another %20 or so give or take, maybe %25 but that's about it. You can't just expect something to go from 68k to 20k and then another big like that to 4k or something, that would be too huge. Plus so many people are buying nowadays considering how low it is, compared to Luna period. Which all combined together means that the news wasn't small, it was a huge news but at the same time the period we are in is already as low as it can get, we can't really drop that much further down.

[jostorres]

Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.

For btc, I think its bottom is already hit last time but for eth I am not really sure if it hit already or not because I remember that eth had a good performance last time just before the eth 2.0 happen but its value only decreases after it. I think it only lose some of its gains last time and it haven't been in the actual dump state neither reach its bottom.

The ecosystem is already fragile and shaky so you're right that any negative news that can hit anytime soon are going to cause another fall. There's no need for you to panic or sell because you do not look like a newbie in here. The best thing that you can do is to continue hodling and you can also buy more.

[Baofeng]

^^ It seems that they are at lost with ETH right now, not sure if they are still going to categorized it as a commodity.

Behnam said that the only cryptocurrency that should be viewed as a commodity is Bitcoin, walking back from previous remarks made in October when he suggested Ether may also be a commodity.  

https://fortune.com/crypto/2022/11/30/inaction-is-paralysis-cftc-chair-rostin-behnam-calls-for-regulation-in-the-wake-of-ftxs-collapse/

Anyhow, I voted No, just like BTC, I think ETH is has not yet lowest low for this month. Still possible that a negative news without the market will put the already shaky ecosystem into a big test and the price can still go down hard. And with that, I'm still not sold that ETH included, will not suffer from the impact of negative news and FUD.

But here's the thing, even though there's still gonna be some sht going on in crypto, is the market still gonna react negatively in the same magnitude as when the Terra Luna fiasco happened?  FTX's fiasco didn't really cause that much of a sell down imho...  Given how huge it was.  If it happened around January, we'd see BTC drop 50% in a couple of days imho.  Lol.  

So yeah, I think it could be getting to a point where the market just doesn't care anymore.  Dunno...

Yes, but everything is connected and somehow will have an impact, might not be as huge as Mt. Gox, but from more than $20k to $15k is already huge drop because of the FTX fiasco. There might be someone entities or even average joe to just buy around the $15k region and probably waiting for like $18k-$20k to sell and make profit. If that happens that then price could still be lower for BTC and ETH.

ETH is like -74% from it's last all time high, it might be pushed to around -80% or even -85% as final capitulation, in my opinion.

[GreatArkansas]

For me, Ethereum and Bitcoin are almost the same right now. Like if I want to trade Ethereum, I am just trading Bitcoin too.
We all know that Ethereum correlates with Bitcoin most of the time, so for me. It's not new anymore and it's not good or ideal to compare price action of Ethereum to Bitcoin especially if there's no any fundamental news or events that is from Bitcoin or Ethereum particularly.

[peter0425]

For me, Ethereum and Bitcoin are almost the same right now. Like if I want to trade Ethereum, I am just trading Bitcoin too.
We all know that Ethereum correlates with Bitcoin most of the time, so for me. It's not new anymore and it's not good or ideal to compare price action of Ethereum to Bitcoin especially if there's no any fundamental news or events that is from Bitcoin or Ethereum particularly.

good treatment because this is also  my observation as they are both moving almost the same way nowadays and what cannot be in ETH that is not in Bitcoin? but like what i do for long time , maximum of my funds are in bitcoin and only small amount are in Ethereum.
almost whole year Ethereum perform badly so nothing new in this last month of the year because there are even more bad news coming from around the globe.

[SquallLeonhart]

Like BTC, November wasn't really great for WTH too.  And like BTC, it looked like ETH was going to start trending up for a while but then of course something shtty has to happen.  FTX.  :/  But it also feels like the market stopped caring and we're seeing some buyers scoop up some ETH at these prices.

We'll do exactly the same thing as the BTC sentiment thread.  Look at the chart below and answer the poll. I saw a guy asking for 'undecided' in the BTC thread.  I say no...  Let's not take ourselves seriously now.

It is obvious that ETH is in a dilemma right now and it will take a while before people could decide what to do. The market is us, people act as if the market is something of its own and like its a company or something, but it is us, all of us, who buy and sell.

If we are not entirely sure what it will do, then it is not decided yet, the moment we say "oh I should buy more, it will go up" then we will buy and because we buy, it will also go up, so we will be right, same with when it goes down as well, there is no difference in logic. Because we are not decided yet, we do not know what's going to happen and we just end up with caring nothing at all.

[Xal0lex]

I think ETH will not close this year above $1,400-$1,500. There are no drivers for growth right now and it is unlikely ETH will differ from the rest of the market in terms of price dynamics. It would be strange to think that bitcoin and whole market falls down or is in consolidation zone, but Ethereum suddenly starts growing. Something similar happened in September, but the reason was banal speculation about the merger. There was no real demand for ETH then.

[bitterguy28]

the sentiment is still divided till this time because like other coins like bitcoin , ethereum shows no stability in its position and in any moment there will be new coming , either it will go for a hype? or this will go drop more , some even told us that we will be seeing Ethereum below 1k this year so the last 3 weeks of the month(or the year)will be crucial since there are lots to expect in this unstable market.

[hd49728]

For me, Ethereum and Bitcoin are almost the same right now. Like if I want to trade Ethereum, I am just trading Bitcoin too.
We all know that Ethereum correlates with Bitcoin most of the time, so for me. It's not new anymore and it's not good or ideal to compare price action of Ethereum to Bitcoin especially if there's no any fundamental news or events that is from Bitcoin or Ethereum particularly.

Bitcoin and Ethereum are too big cryptocurrencies and their developers, communities are very careful with updates. Lot of things must be tested many times, debugs to make sure when an update is launched, it won't create a big chance for hackers to exploit their blockchains.

Both coins have same chart pattern and recent months, we see dead cat bounces from mid and low cap altcoins. In the same time, top coins are very boring and silent.

Ethereum must wait for Bitcoin rally to recover itself. In a next bull run, Ethereum must have a big upgrade to start its new bull run and to make community feel excited about its future.

[Chato1977]

the market shows ETH following bitcoin now

https://coinmarketcap.com/currencies/ethereum/

with almost 13 hundred dollar price , maybe there is a chance that we will hit 15 hundred before the end of 2022.

Was  waiting for this time because I already Bought bitcoin and ethereum last month when the price drops low to the lowest .

[Reatim]

with 12 hundred dollar value now and seems to be staying above 1k till the year ends?

https://coinmarketcap.com/currencies/ethereum/markets/

I believe that we already reached the Bottom and waiting for another increase this December ,  maybe going towards 14 hundred isn't that bad to look at?
lets see how Ethereum supporter says about this.

[michellee]

Ethereum can still stay above $1k until the end of the year and right now, this seems like a test for ethereum can really hold on and even increase bit by bit. Ethereum could rise again and if it now looks like ethereum is following bitcoin it is because bitcoin itself is surviving the downturn that could happen. But if bitcoin weakens and eventually declines, ethereum will surely experience the same thing. We still have a few weeks to see if ethereum holds onto $1k or drops below $1k. Let's just hope that doesn't happen.

[tygeade]

It is obvious that ETH is in a dilemma right now and it will take a while before people could decide what to do. The market is us, people act as if the market is something of its own and like its a company or something, but it is us, all of us, who buy and sell.

If we are not entirely sure what it will do, then it is not decided yet, the moment we say "oh I should buy more, it will go up" then we will buy and because we buy, it will also go up, so we will be right, same with when it goes down as well, there is no difference in logic. Because we are not decided yet, we do not know what's going to happen and we just end up with caring nothing at all.

It is not a big dilemma if you ask me. Sure it had all that PoS stuff and all, but it is moving with the market by the looks of it, which means that if you could end up buying it now, when the market goes up then ETH will go up as well and you would be in profit.

I know not many people are fond of that, but it would be something liked by everyone. All in all, it is the greatest thing that we could talk about in the long run, and it would be a lot better if we could just stick with ETH type of big names. Bitcoin and ETH are the two biggest coins out there, and not having any trust on them, or having dilemma about it is not really that much acceptable.