Major Cryptocurrency Investors Are Betting Heavily Against Ethereum

SimpleBitMaker

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Quote from: darkangel11 on August 03, 2018, 03:28:18 PM

Quote from: Tylev on August 03, 2018, 03:18:48 PM

If ethereum soon introduces the Plasma project, which completely solves the problem with the scalability of ethereum and allows it to conduct hundreds of thousands of transactions per second instead of the current fifteen, and in the future up to millions of transactions, this coin will in general be beyond any competition. Bitcoin on the background of ethereum will generally look like a museum exhibit. This year I received partially free tokens only in ethereum, not in bitcoin and I think this is the right decision. I think that ethereum will soon rise very high.

But will anybody want to perform that many transactions on a coin that basically has no acceptance and is not being used for payments anywhere. What are they hoping for with those hundreds of thousands transactions? That there will be so many new projects to create the demand? I've read somewhere recently that the interest in ICOs is going down. There even was a graph showing how much money did ICOs gather in the last couple months and it was getting lower every month since the beginning of the year.

This is what worries me. It looks like altcoins are running out of steam, and ETH is leading the pack. That doesn't mean that they'll all be useless bits in a few more months though. They've got to slow down sometimes, of course, but when they are going to pick back up no one can tell. I'm holding onto a bit of ETH for now because I haven't lost all hope. I'm also watching to see if any reasonable purpose for using ETH in transactions comes out.

There's a lot of good ideas being put together, but not a lot of action. ETH needs a kick in the ass to get going.

Deubila

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Quote from: Dudeperfect on August 03, 2018, 06:23:00 AM

Each and every coin has its own philosophy, Bitcoin came up with the solution of the issue regarding the high cost and time of the transaction. Similarly, ethereum was introduced to solve the issue of internet-based agreements. When it comes to the global fund transfer, Bitcoin has no other alternative as of now considering transaction fee, security & time frame. However, ETH gives something extra that a normal fund transfer process won't require. I believe that ETH has a scope for growth in the automation industry and that might be the reason why investors are betting on ethereum.

The e-money born gives you its own features. The currency has different advantages and disadvantages. Can not catch them at their own discretion. It's just that and it takes time. And any comment can be just a reference or a bad communication. We need to consider every action. I am an ordinary investor and normally I have nothing much to do. Good project support, not good suggestions. Simple to live.

darkangel11

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Don't let others control your BTC -> self custody

Quote from: Tylev on August 03, 2018, 03:18:48 PM

If ethereum soon introduces the Plasma project, which completely solves the problem with the scalability of ethereum and allows it to conduct hundreds of thousands of transactions per second instead of the current fifteen, and in the future up to millions of transactions, this coin will in general be beyond any competition. Bitcoin on the background of ethereum will generally look like a museum exhibit. This year I received partially free tokens only in ethereum, not in bitcoin and I think this is the right decision. I think that ethereum will soon rise very high.

But will anybody want to perform that many transactions on a coin that basically has no acceptance and is not being used for payments anywhere. What are they hoping for with those hundreds of thousands transactions? That there will be so many new projects to create the demand? I've read somewhere recently that the interest in ICOs is going down. There even was a graph showing how much money did ICOs gather in the last couple months and it was getting lower every month since the beginning of the year.

Nolimitz84

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Let's start with the fact what is the General trend with cryptocurrencies.As we can see, many countries are beginning to use the cryptocurrency.Now there is a kind of formation of the crypto currency.Hence the natural question-what cryptocurrency will be used.I believe that ethereum, despite the number of transactions per second, will be able to hold the second place in the ranking.I believe that this cryptocurrency will be used everywhere.If you have this cryptocurrency keep it as long as possible.You will be surprised by the result

darkangel11

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Don't let others control your BTC -> self custody

Quote from: alyssa85 on July 26, 2018, 07:22:50 AM

The biggest risk to Ethereum is all those ICOs being banned, because most of them were built on top of Ether's platform.

Looking at ethereum's chart, it's fallen less than other altcoins. So a 36% drop isn't that bad. I wonder whether Tetras Capital have gone public with their short to encourage other investors to sell...

True, ETH has no value without those companies willing to use it as a fund gathering platform, but all that goes to shit if while they are still gathering the value of ETH tanks so much. A quick example: You want to build a road from one town to another and get it funded with ETH. People who live between the two cities are chipping in, but we all know that materials have to be bought with fiat, so you count the needed fiat, set up your goal in ETH, start taking donations. While 80% donations are in ETH starts tanking and goes down 30% in a month and you haven't even started buying the materials. As a result:
-The project gets delayed because you have not enough materials, even though the ICO goal has been reached.
-Investors are angry because there's no road and they don't have the money, they did all as they were asked
-Even if you gave the money back they'll be at a 30% loss

So, even if the ICO's were all doing the right estimations and honestly trying to achieve something chances are they would fail due to lack of stability in ETH. And that stability is nowhere to be found but in a leap of faith of more people going in blind.

Tylev

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If ethereum soon introduces the Plasma project, which completely solves the problem with the scalability of ethereum and allows it to conduct hundreds of thousands of transactions per second instead of the current fifteen, and in the future up to millions of transactions, this coin will in general be beyond any competition. Bitcoin on the background of ethereum will generally look like a museum exhibit. This year I received partially free tokens only in ethereum, not in bitcoin and I think this is the right decision. I think that ethereum will soon rise very high.

nidacoinlove

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Quote from: Magiklair on August 03, 2018, 05:29:55 AM

I can't agree with the negative opinions about ether as it is a great coin and I find it really powerful as it goes after btc. It must be the one that is also wanted by many people. I think that i will trade it

Well ethereum is a very progressive currency and saying it only a cryptocurrency will be injustice with it, it is actually a bit more than it. It is truly a well established platform with facilitating it's consumers with smart contracts as well. Now in such situation we know it don't have anything negative in it but we also know that we have people around with negative minds who will try to drag every coin negatively to accomplish their own greed targets. So it can't be free from any controversy.

pobeditelvezde

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Unfortunately, ETH is under a pressure in the current moment of time because even despite of the little growth in bitcoin ETH did not grow at all. I observe ETH chart daily because I am holding ETH and, of course, I also have noticed that something is going wrong because in my opinion ETH should cost around 700-800 right now.
Some time ago I was sure that the spread between BTC and ETH would be decreased but several last days got me confused because ETH went down insted of showing a short upward trend like BTC.
Today ETH is around 400$ and I am sure that it is an important level so I am tracking the behavior of ETH near this level. I hope that ETH will hold this level but if not then I will sell my ETH not to stay versus the market trend.

actuallytwolamas

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Lama

When I see "analysis" like this all over the internet that could mean only one thing, it's time to fill the bags of ETH.

Dudeperfect

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Each and every coin has its own philosophy, Bitcoin came up with the solution of the issue regarding the high cost and time of the transaction. Similarly, ethereum was introduced to solve the issue of internet-based agreements. When it comes to the global fund transfer, Bitcoin has no other alternative as of now considering transaction fee, security & time frame. However, ETH gives something extra that a normal fund transfer process won't require. I believe that ETH has a scope for growth in the automation industry and that might be the reason why investors are betting on ethereum.

Magiklair

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I can't agree with the negative opinions about ether as it is a great coin and I find it really powerful as it goes after btc. It must be the one that is also wanted by many people. I think that i will trade it

darewaller

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wxa7115

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Bitcoin is GOD

Quote from: Hydrogen on July 26, 2018, 03:04:15 AM

....

Some interesting analysis and breakdowns on ethereum's platform. The majority of ethereum content posted on this forum is pro eth. There isn't much said on eth from the opposite perspective and so I hope people will not mind me sharing this. I tried to bold most of the relevent points but tbh the whole thing could be worth reading for anyone interested in these topics.

It looks as if the majority of investors are shorting ethereum under the expectation that it is overvalued and overpriced. They could majority wise expect the price to decrease. Over the short term that could be the trend we'll see, especially if a majority of larger institutional investors have formed a consensus on this.

Note how the quoted portions attempt to support their stance with facts and analysis. I think this attempt @ a rational overview is what was missing from the "bitcoin is a bubble" and "bitcoin is a tool for criminal and money launderers" hysteria which pervaded the media awhile ago. Could be something to consider in the days to come when media stories are aired without much if any attempt at verification.

It is an interesting read, like always Hydrogen, what I find interesting is that nowhere in the content you posted includes the most common complains against ethereum coming from the community, the first is the lack of limit in the emission of coins and without a limit Ethereum cannot be considered a store of value since in that aspect it is the same as fiat, and even more importantly the fork that created ethereum was different than the forks of bitcoin, the forks of bitcoin happened mostly as an attempt from opportunistic people to gain money out of it or in the case of bitcoin cash they wanted to take a different road to solve the scaling issues, but the fork of ethereum was created because its users disagreed with the way the hacking of the DAO was handled since they believe, and I believe as well, that the blockchain should not be tampered with.

cabalism13

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🤩Finally Married🤩

Just an ALTCOIN passing by...
Ignoring ETH...
Still, Hello BITCOIN.

Though ETH is the way of transaction of Altcoins, and it may be the reason why ETH is still alive therefore we can conclude that without altcoins ETH wouldnt survive and it will not have the same value thatvit has now. And yet, maybe the reason why it wasn't pumping up right now is because there aren't some new ICOs in the market right now, almost half of the number of altcoins is just a shitcoin...

Kprawn

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When Bitcoin bounced back again and when there was a small indication that it will spike, the price of Ethereum plummeted,

so that tells me a lot of Ethereum investors are more than willing to dump their Ethereum, if they think that Bitcoin is going to

rise up again. I predict a total collapse of Ethereum IF this happens, because there are not enough investors that are

backing Ethereum as a long-term investment. Most still own coins that they received, when they participated in these ICOs.

Panda Trump

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Quote from: hatshepsut93 on July 28, 2018, 02:10:03 AM

This anti-ETH sentiment is caused by competitors like EOS and Cardano who market themselves as Ethereum killers. Last year everyone loved ETH and criticism was very rare, but now that competitors have launched their networks, the FUD bombardment has begun. I personally wouldn't be 100% bearish on ETH, I think in some very long run it will lose to BTC, if Bitcoin will get smart contracts, sidechains and other features, simply because Bitcoin is more decentralized and secure, but in the shorter perspective ETH at least has some proven track record of developers doing their job, while its competitors are still very young.

Indeed, but we should embrace competitivity and dump ETH for its better counterparts. That is how we got our advanced society to where it is nowadays in the first place.

There are multiple games currently played on the ETH blockchain and another batch of ETH games are set to release in the near future... How is the blockchain gonna react to that? Fees go up again, transaction times go up again, its utility goes down and it makes no sense to use it anymore. Bitcoin will win from Ethereum in the long run. Its direct competitors will win from Ethereum in the long run.

Maybe Ethereum will keep its value for now, maybe for years, but I doubt it will be much longer than a couple years untill the Ethereum blockchain seems useless in comparison with the more advanced blockchains.

Gracie12

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If the price of eth does not rise so high, do you think the encryption market will be so hot? Eth represents blockchain 2. It brings blockchain revolution.

Nisharawal

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I am no stable coin. to the mooonn.. and back

Don't believe what hedge funds so they are just manipulating your minds and funds so that you take their advice seriously and do you really think that hedge fund managers have said truth i don't think so. They might have shorted in order to reduce their risk in order to hedge their positions and funds if there is any kind of panic selling starts that's it. I think Ethereum has still some kind of potential left to start taking part in the bull rally and i will expect a bullish rally soon in Ether charts.

SimpleBitMaker

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Quote from: hatshepsut93 on July 28, 2018, 02:10:03 AM

This anti-ETH sentiment is caused by competitors like EOS and Cardano who market themselves as Ethereum killers. Last year everyone loved ETH and criticism was very rare, but now that competitors have launched their networks, the FUD bombardment has begun. I personally wouldn't be 100% bearish on ETH, I think in some very long run it will lose to BTC, if Bitcoin will get smart contracts, sidechains and other features, simply because Bitcoin is more decentralized and secure, but in the shorter perspective ETH at least has some proven track record of developers doing their job, while its competitors are still very young.

That's a good point, there are many out there who would benefit financially from making ETH look bad. It's not as unstable as they would like it to appear, probably. It's also got a bit of seniority in the very young market, which is commendable (although not a good enough reason to make it invulnerable).

It doesn't look like it's ready to go anywhere, but it just might not be as hyped up as we thought it was last year. Although we could say similar things about other altcoins, even bitcoin as well. The reality check stage is starting to hit, and that's why everyone is working hard to make their coins have real world application and trust.

hatshepsut93

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This anti-ETH sentiment is caused by competitors like EOS and Cardano who market themselves as Ethereum killers. Last year everyone loved ETH and criticism was very rare, but now that competitors have launched their networks, the FUD bombardment has begun. I personally wouldn't be 100% bearish on ETH, I think in some very long run it will lose to BTC, if Bitcoin will get smart contracts, sidechains and other features, simply because Bitcoin is more decentralized and secure, but in the shorter perspective ETH at least has some proven track record of developers doing their job, while its competitors are still very young.

Topic: Major Cryptocurrency Investors Are Betting Heavily Against Ethereum (Read 269 times)