is ETH Post-Merge Hype Over? - page 2.

jr. member

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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/

I think people invested in Ethereum pre-merge without doing their research. They thought that the merge meant that Ethereum would finally scale after all of these years, but alas, no such luck. In fact, all those people who staked are now unable to withdraw their funds, just because the core developers don't want people to be able to sell when they are trying to dump their bags. There are many better Web3 investments, like MATIC and ICP, each of these will do better long term and can scale to be used by the entire world, something that Ethereum will never be able to do on L1.

Ararbermas

sr. member

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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/

i was not surprise why it's happening even there's an event that can really help for the progress because you know obviously there's still a lot of greedy people in the market and scared on FOMO. and imagine it happened during bearish season so what we are expecting ? Lol
you're lucky if you're stuck up right now and ethereum will bounce back shortly because for sure will become profitable at the end but if it stays and it continue to decrease then it will be a bad news.

Flexystar

full member

Activity: 1092

Merit: 227

Yeah it seems that ETH merge is now merged with the current markets bearish trend and this hype is no longer felt in the market. I think market did not even shown it at that alarming rate as it should have been because this was big event and the effect wasn’t much accelerated. Definitely currently we stand at much better position as compared to the expectations. However, market as we know is unstable and ETH is still in good position because staking is new world for everyone. They all seeing ETH as bigger opportunity via staking so more money is flowing in that sector.

xandry

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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?

The hype is definitely over. Those who bought ethereum before updating the network as a bonus received a bonus in the form of ethw coins. Having lost the advantage in the form of pow, ethereum now has to compete with other solutions with a lower commission (Polygon, Avalanche...).

SquirrelJulietGarden

hero member

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It's over and again, "Buy the rumor, sell the news" saying is true.

It takes time for community to realize real changes, effects of The Merge. After that, we will see another hype wave with some reports on social media, cryptocurrency newspapers or tweets from influencers about it. I believe the next hype won't be big and if you want significant hype, you must wait for next updates on Ethereum network (after the Merge).

We don't know when a next upgrade will be made because Ethereum team have history of repeated upgrade postpones.

dimonstration

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Dimon69

Clearly yes ever since the merge was successfully implemented. The price of the Ethereum already drop to its original price before the merge new was announced and created a hype. This is understandable since transitioning from PoW to PoS doesn't give an instant result which means there will be no significant changes on Ethereum that worthy for a price pump besides of hype.

The crypto market is now continuing to bear market that only halt due to short term hype of Eth.

livingfree

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

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?

Well, the hype didn't do well for ETH itself and to the market. We thought that it's going to be a booster to its price but didn't do.

We can have that conclusion that the hype was eaten by the bear market and if you've been here since 2018 bear market. There were too many good projects that have been eaten by the actual bear.

That's why even if there was a good project and good news about it but it happened on a bear market, that won't contribute.

ChillyMatthew

newbie

Activity: 29

Merit: 1

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/

Topic: is ETH Post-Merge Hype Over? - page 2. (Read 273 times)