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Topic: Is Ethereum getting old? - page 6. (Read 936 times)

member
Activity: 784
Merit: 10
August 16, 2019, 08:15:55 PM
#28
In my own perception, as ethereum coin getting old, it getw better in terms of its price, volume and capability. Before ethereum shines, it passes struggles and hindrances about ups and downs and then in the long run it gets popular anr known by its great volume and good price in the market. Now its capability is being more dominant in markets, although sometimes it slips its price but makes comeback right away and recovers.
hero member
Activity: 1932
Merit: 506
Betking.io - Best Bitcoin Casino
August 16, 2019, 07:34:27 PM
#27
You have given the most important details out there and I agree to most of your ideas but you cannot deny also that Ethereum still remain as number two in coinmarketcap based on it's marketcap.

Though it's hype was not really there but the projects and it's holders are still there because there are solid projects already out there that were launched and it's operation is going stronger until today.
full member
Activity: 952
Merit: 104
August 16, 2019, 06:54:17 PM
#26
In my opinion, if etheruem becomes unpopular; it will definitely be from the outcome of numerous scam ICO projects on the etheruem platform. The ICO craze is one big hinge to etheruem rise and fall.


How you sure for that negative impression for ethereum, ethereum is useful for the crypto project space specially ICO but is doesn't means all ICO project is scam and ethereum are affected because use it in very ico project, ethereum is one of the most foundation in the crypto currency space to help build of all ico project which most of latcoins came from the ico project.
hero member
Activity: 2828
Merit: 518
August 16, 2019, 06:48:33 PM
#25
I would say ethereum is an oldy now and its hype has ended since it never got its price after the hyping again
 Those who still say ethereum will increase are the die hard fans of ethereum.
The current ETH situations seem to be disappointing as we all expecting for market surge but it doesn't mean that it will be going to die later. What we have now is not only ETH suffering such struggles but of the entire market as well. We could say that 2019 isn't the moment for altcoins, may we fail into our expectations this year, we have nothing to do but to accept what it is.
sr. member
Activity: 1988
Merit: 275
August 16, 2019, 06:45:57 PM
#24

I would not call it getting old because there are other coins that are older than Ethereum yet still performing well. But because we live in a fast-paced world where technology reigns supreme, I think Ethereum will come good again if they can update and continue to innovate on their blockchain. Launching the PoS Consensus upgrade will be the first step towards achieving this

Few months or couple of years in crypto is like lifetime already of so many altcoins ever existed. So having ethereum up until today means that they are not like any other crap coin out there. But being old? There are much older coins than eth. But eth already cemented its position in the community because of the changes they brought to the crypto space. And up until now, they are in continuous pursuit of advancing their platform. They hype might be over but the dev team is still active in doing their respective jobs.
legendary
Activity: 1750
Merit: 1115
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August 16, 2019, 06:44:11 PM
#23
Nonetheless, what are your thoughts about this? Huh

I don't think ETH will ever be getting old this soon. Their SDK is still in heavy development and they've shown progress since day 1 like their online code editor which deploys smart contract within minutes, then, web3j and other technologies are just too nice!
member
Activity: 364
Merit: 13
August 16, 2019, 06:39:38 PM
#22
Ethereum is really getting old and the hype of 2017 that led to its increase may not repeat it self again because of the strong competition in the crypto space. Some us who have been holding ethereum since 2017 may not recover our losses in time to come with the look of things.

Based on your opinion, Bitcoin is also old. Till now, bitcoin has not reached the December 2017 price. So, what do you think? Should we sell our bitcoins and invest in a new crypyocurrency?
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member
Activity: 350
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HiveNet - Distributed Cloud Computing
August 16, 2019, 05:24:28 PM
#21
I would say ethereum is an oldy now and its hype has ended since it never got its price after the hyping again
 Those who still say ethereum will increase are the die hard fans of ethereum.
full member
Activity: 434
Merit: 100
August 16, 2019, 03:54:51 PM
#20
Ethereum had a large prominence within the crypto space since launch, due to its flexibility for developing decentralized applications and launching ICO tokens. During 2017, Ethereum gained a lot of traction where it had massive transaction activity within its Blockchain network. This was largely attributed towards the rise of ICO's popularity, as well as, Blockchain-based games like CryptoKitties. While those times where exciting, everything came to an end as soon as transaction speeds became lower and fees spiked due to high network load.

After that, the ICO craze was no more, and people stopped using Ethereum more thoroughly. With the rise of other smart contract platforms with better speeds and lower fees than Ethereum, most developers and businesses have shifted towards well-known competitors of ETH. Now, many people are waiting for the PoS consensus upgrade to take effect, but developers continue to delay the same. After so many delays, it seems to me that Ethereum is starting to get old. The hype is over, and people are not so excited about ETH as they used to be within its early days.

Nonetheless, what are your thoughts about this? Huh

I would not call it getting old because there are other coins that are older than Ethereum yet still performing well. But because we live in a fast-paced world where technology reigns supreme, I think Ethereum will come good again if they can update and continue to innovate on their blockchain. Launching the PoS Consensus upgrade will be the first step towards achieving this
member
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Sovryn - Brings DeFi to Bitcoin
August 16, 2019, 03:35:08 PM
#19
Ethereum looks very oldy because its not increasing in value or its dev and teams are slow in updating eth? well all i can say is lets all wait for the next big update to eth 2.0 and see how effective the POS will be and if nothing happen after few month then i will agree that ETH might be actually done for,im not holding eth at all but im not giving up on a very good altcoin like ETH just because of this year challenges so far
newbie
Activity: 37
Merit: 0
August 16, 2019, 02:42:13 PM
#18
Hype is done for Eth. Try the new. All who say is not dying are eth holders who belive in miracles.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
August 16, 2019, 02:27:22 PM
#17
More people are using Eth than ever before, for its intended use as a platform for decentralized applications. The ICO thing was always a distraction.
I don't think so. ETH is overrated and that false showing is beginning to tell on it with various smart contracts in place now. ICO scams of 2017 also didn't help it as many victims of ICO scams didn't make good reviews of ETH. Many have abandoned that contract for new ones. I don't think ETH will ever get back to its ATH.
jr. member
Activity: 327
Merit: 1
The Standard Protocol - Solving Inflation
August 16, 2019, 01:53:18 PM
#16
ethereum is getting older because many ico projects use their platforms but cannot develop properly, I mean there are many cases of fraud in ico and this is also one of the reasons that influence ico investor confidence and also the ethereum altcoin demand is decreasing.
newbie
Activity: 286
Merit: 0
August 16, 2019, 01:07:23 PM
#15
Eth is getting old because of there no update if any update publish that fail.so with out any update eth going to stay at 200 dollars only very few projects are still with eth.But when they leave eth will be in great danger
sr. member
Activity: 1251
Merit: 295
Palestine
August 16, 2019, 01:02:01 PM
#14
eth still one of best smart contract solution blockchain  and I don't think that there is a coin who is going to beat ETH &
EOS tried to dump eth
TRX tried too with Justin sun but they cant cuz he is going to jail soon
legendary
Activity: 2366
Merit: 1408
August 16, 2019, 12:47:56 PM
#13
ETH have to face a lot of new cryptos trying to do better what ETH does
I know there a lot of potential projects, but you have to consider the fact that ETH is already a solid project, working, with great devs and community, this is hard to beat
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
August 16, 2019, 12:34:46 PM
#12
I don't agree with you. First, ICOs and IEOs are still based on Ethereum platform more than others. Second, these days people are less interested in altcoins. So, less interest in Ethereum is normal.

Also I want to draw your attention to bitcoin. Bitcoin is now the oldest cryptocurrency. Many new cryptocurrencies have been created and had claimed to be better than bitcoin. But none of them were successful. I expect Ethereum to remain the biggest altcoin as it is the oldest altcoin. Not only oldness is not a disadvantage, it's an advantage.

That's certainly true, mate. However, I believe that Ethereum's dominance of ICOs and IEOs might come to an end as Binance Chain becomes a true contender of the same. It has already launched its own DEX, along with a token standard (BEP5) for the launch of ICOs and IEOs. Not to mention, Binance's smart contract platform will feature greater scalability and unparalleled performance than Ethereum. With various competitors around the market using superior tech and features than Ethereum, it might soon become outdated if developers do don't something about it.

The much awaited PoS consensus upgrade is taking too long into becoming implemented within the Ethereum blockchain. This will make people look for other alternatives which are more efficient than the pioneer smart contract platform. As businesses and corporations demand high performance for Blockchain operations, they'll look for more viable alternatives that provide faster and cheaper transactions than Ethereum itself.

As for being the one of the oldest coins in existence, it truly does have an advantage among other cryptocurrencies in the market. But sometimes it's necessary to move onto greater things, since other competitors are hungry of taking ETH's spot as the world's second largest cryptocurrency in market cap. By adopting Sharding, and Casper PoS in the least time possible, it can become comparable to other competitors which already make use of scalable technologies within the Blockchain space.

Nonetheless, Ethereum's success will largely depend on its level of development and mainstream adoption. It may still be the leader of ICOs and dApps, but that could change soon if other competitors take the lead in this regard. Which is why, it's important for the Ethereum team to bring innovation to the platform ASAP before it's too late. Just my thoughts Grin
full member
Activity: 938
Merit: 137
August 16, 2019, 11:23:30 AM
#11
I do not think that it is worth agreeing with this statement. Now it’s just not a very successful period for ethereum and tokens released on its platform. If altcoins also increased in proportion to Bitcoin during the period of rising bitcoin prices from April to June this year, now there would be no such decadent mood regarding ethereum. Ethereum is not yet outdated and it still has opportunities for growth and development. Everything has its time. The ethereum time will be many more times.
copper member
Activity: 81
Merit: 85
August 16, 2019, 10:37:27 AM
#10
Exactly, as you said, I also think about it a lot.
Currently, the number of ethereum dapps is still very much, but it seems to work inefficiently.
You can refer to it here:
https://www.stateofthedapps.com/stats

The number of EOS dapps is only 1/10 compared to Ethereum, but users, transactions, volumes are many times larger than Ethereum.

Even though I'm a big fan of Ethereum, I have to say it's getting old.

I'm quite sad about this, I look forward to Ethereum 2.0 and leap.
legendary
Activity: 2030
Merit: 1189
August 16, 2019, 10:35:42 AM
#9
It is getting old, but that also means it is more battle-tested than other smart contract blockchains.

With that said, the entire project ecosystem should get a refund when (if?) they ever actually make the switch to proof-of-stake (PoS).

I personally think that sharding definitely needs to be implemented asap too, blockchain bloat is a SERIOUS problem for Ethereum, soon the size will be so large that nobody will want to run a full node.
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