is ETH Post-Merge Hype Over? | Bitcointalksearch.org

doomloop

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Quote from: justdimin on October 13, 2022, 05:50:32 AM

It's a cycle that feeds each other. Hype of ETH post merge situation did not happen, it wasn't really something that people cared about, which means if there was no hype, there was no price increase, and if there was no price increase then there was no hype.

It feeds off each other, and that means we are going to end up with something that would cause a lot of trouble in the long run. Doesn't mean that it will stay that way, eventually ETH price will go up too, but that won't be anytime soon neither, it is going to be something that will take a long time. I personally wish to see the current situation change, but I am willing to wait years for that to happen.

That is something that gets broken out of nowhere for no good reason at all, and sometimes doesn't happen at all even with great news. The biggest examples are this and Elon to doge duo. Like for example ETH merge was a huge deal, we moved the second biggest coin in the rankings from PoW to PoS and that should have caused a huge deal, it should have gone up a lot and it should have been quite the good fun.

But, it didn't and we have no idea why it didn't at all. On the other hand, we are talking about Elon tweeting about doge, increasing its price back in the day, there was absolutely no connection, but somehow it did happen. So when will that cycle break is unknown to all.

harizen

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Quote from: ChillyMatthew on October 10, 2022, 07:24:43 AM

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

In the very first place, there's no hype, to begin with.

Secondly, the merge was not meant to increase the ETH price.

Lastly, we are still in the effect of the bear market but just to be clear, we are not in the bear market. I'm sure the market already reached the peak of this bearish trend and now starting things off.

It's also the technology that is applied on merge and not market-related stuff that can increase the price.

Regardless of whether there's a merger happened or not, the activity on the market will dictate the price.

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Quote from: bounceback on October 11, 2022, 05:36:38 AM

The ETH merger is one of the events that the crypto community has been waiting for but unfortunately the event did not have a good impact on the price movement of the coin because if we look after the merger event is over, the price of the ethereum coin has decreased and it is probably caused by investors selling simultaneously causing the market to panic and causing prices to continue to decline for several days after the merger was completed.

The smart people will not call this as a big event for sure. The only thing that makes traders a bit interested with it caused by they would able to get the free coins from miners like ethw which can be sold easily in the various market. The merge gives no impact at all to the price of tokens.
Speculators are selling after the news has been released and they were also dumping their free coins to the market.

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Quote from: zasad@ on October 13, 2022, 01:57:12 PM

Now the price drop is happening in all markets, and not only in cryptocurrency. We have seen in the history of the recession and for 10 years, but the fall in prices still ends. $1,200 for 1 ethereum may seem very expensive to many, but I am sure that such a project as ethereum will exist in 10 years.

ethereum has been survive for many years since it launched while another projects die. Its one of best smartcontract platform ever ,which is alot projects success come from this platform. Even eth price drop ITS still be best opportunity to accumulate it for long term purpose.most of finance market now crash due dollar ini ndex strenghtness

zasad@

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Now the price drop is happening in all markets, and not only in cryptocurrency. We have seen in the history of the recession and for 10 years, but the fall in prices still ends. $1,200 for 1 ethereum may seem very expensive to many, but I am sure that such a project as ethereum will exist in 10 years.

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The Ethereum Merge is over and the hype is of course over, we know that there is a law in trading,
buy when the rumors and sell when the news arrives, meaning that before the ethereum merge we have to buy,
and after the successful ethereum merge of course it's selling time,
and it is proven that the Ethereum price dumps after Ethereum merge complete.

justdimin

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Quote from: Silberman on October 11, 2022, 10:13:52 PM

Quote from: ChillyMatthew on October 10, 2022, 07:24:43 AM

GM Crypto fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

That is the nature of hype, hype cannot be sustained for a long time and eventually it dies down, in order for the hype to continue then you need something to back it up, and after the merge the price of ethereum did absolutely nothing to justify that hype, so it is natural that investors observed this behavior and decided to move on and cut their losses as soon as they could, so I think it is safe to say that the hype for ethereum is over for the time being and those looking for a quick profit need to find another coin in which they can concentrate their efforts.

It's a cycle that feeds each other. Hype of ETH post merge situation did not happen, it wasn't really something that people cared about, which means if there was no hype, there was no price increase, and if there was no price increase then there was no hype.

It feeds off each other, and that means we are going to end up with something that would cause a lot of trouble in the long run. Doesn't mean that it will stay that way, eventually ETH price will go up too, but that won't be anytime soon neither, it is going to be something that will take a long time. I personally wish to see the current situation change, but I am willing to wait years for that to happen.

Silberman

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Quote from: ChillyMatthew on October 10, 2022, 07:24:43 AM

GM Crypto fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Original sources:

https://twitter.com/thetokenist/status/1578449627610841097

https://tokenist.com/is-ethereums-post-merge-hype-over/

That is the nature of hype, hype cannot be sustained for a long time and eventually it dies down, in order for the hype to continue then you need something to back it up, and after the merge the price of ethereum did absolutely nothing to justify that hype, so it is natural that investors observed this behavior and decided to move on and cut their losses as soon as they could, so I think it is safe to say that the hype for ethereum is over for the time being and those looking for a quick profit need to find another coin in which they can concentrate their efforts.

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Quote from: Jaered on October 11, 2022, 11:53:38 AM

This is crypto for you. The very essence of unexpected-ness and surprises, this time an untasty surprise. I know many people that moved their funds out of ethereum, and into other coins, way before the merge. The real cause of the dump was that people bought a lot of Ethereum because of the free coins from ETHW and soon as the ETHW showed up in their wallets, they sold their ETH

They were speculating about the new coin that would come soon. The speculation has become real and they have received their airdrop coins to be sold in the market. The price of ethw was also going down so much from three digits to the below 8 bucks. That proves that if there are only people who dumping it to the bottom. It seems like people were using ethereum to get free money and no more.

Jaered

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This is crypto for you. The very essence of unexpected-ness and surprises, this time an untasty surprise. I know many people that moved their funds out of ethereum, and into other coins, way before the merge. The real cause of the dump was that people bought a lot of Ethereum because of the free coins from ETHW and soon as the ETHW showed up in their wallets, they sold their ETH

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Quote from: bounceback on October 11, 2022, 05:36:38 AM

The ETH merger is one of the events that the crypto community has been waiting for but unfortunately the event did not have a good impact on the price movement of the coin because if we look after the merger event is over, the price of the ethereum coin has decreased and it is probably caused by investors selling simultaneously causing the market to panic and causing prices to continue to decline for several days after the merger was completed.

Obviously, the ETH pump was triggered by the news of the upcoming Ethereum merger. Accordingly, it was then that it was necessary to fix your profit, and not wait and hope that after the merger the price will continue to increase. Now it is necessary to wait for the bull market, which may lead to a new ATH.

bounceback

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The ETH merger is one of the events that the crypto community has been waiting for but unfortunately the event did not have a good impact on the price movement of the coin because if we look after the merger event is over, the price of the ethereum coin has decreased and it is probably caused by investors selling simultaneously causing the market to panic and causing prices to continue to decline for several days after the merger was completed.

JustEducated

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Quote from: ChillyMatthew on October 10, 2022, 07:24:43 AM

Crypto GM fam. I recently came across this story on Twitter and was curious to hear your thoughts.

Since the merge was successful, ETH has decreased by 17% while BTC has decreased by 2.3%. Even if this occurred during a bumpy bear market, the results still go against original expectations.

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Original sources:

https://twitter.com/thetokenist/status/1578449627610841097

https://tokenist.com/is-ethereums-post-merge-hype-over/

It sure is over and still didn't do much good to ETH.
I still feel as if the price of eth going down has just get begun.

LogitechMouse

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Quote from: ChillyMatthew on October 10, 2022, 07:24:43 AM

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Hype? I didn't feel it TBH.

I mean we are at a point where negative events are happening worldwide. China's economy on the verge of falling down, US stock market on a freefall and we know that Stock Market of US and crypto are correlated, global inflation, interest rates increasing, Ukraine-Russia War, US on a recession. There are many events that are happening worldwide and that affects all of the global market including the US market. US market is on downward movement and US market and crypto market are correlated and they are moving almost the same.

Now if you will ask me if the hype is over, maybe it is or it didn't happen at all or at least I didn't feel it because of what's happening. Bear market simply is enough to put Ethereum going up even though it made a good upgrade though not for some.

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Quote from: FinneysTrueVision on October 10, 2022, 11:34:05 PM

The hype is indeed over but I don't think a 17% decline is such a dire thing for ethereum. Prior to the merge ETH was pumping hard due to the hype so it is natural that the price would have eventually corrected after the event happened. Now that we are almost a month later and the price has normalized and we don't see such large fluctuations.

Bitcoin was also going down. Ethereum was only following what bitcoin does yet correction for ethereum has come since a few weeks ago but situation in bitcoin has been making the price goes even deeper. There will be no bottom. The price can go down anytime.
If the sentiment is still negative in the world economic and i will be expecting another huge dump will come as soon as possible. It's just matter of time.

FinneysTrueVision

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The hype is indeed over but I don't think a 17% decline is such a dire thing for ethereum. Prior to the merge ETH was pumping hard due to the hype so it is natural that the price would have eventually corrected after the event happened. Now that we are almost a month later and the price has normalized and we don't see such large fluctuations.

libert19

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What's post merge hype? Merge itself was hype and it's done for. Correction appeared inevitable.

antsam

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I think it's just too many people's expectations for the ETH Merge, so because it doesn't match the expectations of many people are pessimistic. But I think this is just a big first step for Ethereum which will further solidify its position as an elite Crypto. We can't be separated from BTC but with time everything will change

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Quote from: ChillyMatthew on October 10, 2022, 07:24:43 AM

What do you think about this? Is the hype actually over, or is the bear market simply acting up?

Merge happened during the global economic crisis combined with bearish market. I don't even think if the hype will be last long. Only dumb people who are thinking if they will be seeing ethereum got hyped even more after merge. Merge gives no change to the protocol. that was only changing the fact that if merge was bad too. I meant take a look at how it was giving a huge impact to the price of ethereum.

The hype is over and yes, the merge doesn’t give a good impact yet to ETH for some reason, but maybe in the long run it’s for the benefit of everybody. I see this merge as a good one, it’s just that the timing is no that good and that’s why the price is still down. The price can only recover once the market enters into a new bull run, for now you can buy more while the price of ETH is still cheap.

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I think there was never really a hype for eth merge. I mean there was some excitement over how it will be but not in a financial sense, it was mostly just a technological sense. We weren't sure how it would happen and that is why we wondered if it will work or not. Looking at how it worked out and it's fine right now, I think it’s doing great so far and there is no problem at all.

I know it’s not a simple thing, but I believe it is certainly something I could enjoy and don't need the price to go up at all. It’s clear for me that we shouldn't expect every single improvement on blockchain world to cause a big increase in the prices, somethings are just good in a tech way.

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