What is your view and your opinion about Ethereum?

betswift

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Quote from: TastyChillySauce00 on July 22, 2024, 01:20:42 AM

Quote from: betswift on July 22, 2024, 12:54:14 AM

I love Ethereum for it's stability and scalibility. It invented the smart contracts and their common usage, that should speak volumes about the project as a whole! The fees are pretty big on L1, but there are some solutions further the layer that are better in this regard.

you can't love ethereum for scalability while the fee is a problem Cheesy

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but overall if not for the scalability issue with ETH it could have gained more market capital and better ecosystem because there'd be more people to use but right now money scattered around various ecosystems within ETH's L2 which I think isn't good.
right now most of the developers focused more building their app in L2 than ETH, though right now the devs always interoperability minded so integration with ETH is there, but just solving the fee problem by moving the transaction to L2 doesn't seem good solution for long term.

Let's hope Vitalik will see it's coming and, in the long term, we all are going to reap the most out of it. And, yeah, the dependency and liquidity fragmentation is no good as it would require bridging mechanisms to move between them.

TastyChillySauce00

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Quote from: betswift on July 22, 2024, 12:54:14 AM

I love Ethereum for it's stability and scalibility. It invented the smart contracts and their common usage, that should speak volumes about the project as a whole! The fees are pretty big on L1, but there are some solutions further the layer that are better in this regard.

you can't love ethereum for scalability while the fee is a problem Cheesy

.

but overall if not for the scalability issue with ETH it could have gained more market capital and better ecosystem because there'd be more people to use but right now money scattered around various ecosystems within ETH's L2 which I think isn't good.
right now most of the developers focused more building their app in L2 than ETH, though right now the devs always interoperability minded so integration with ETH is there, but just solving the fee problem by moving the transaction to L2 doesn't seem good solution for long term.

betswift

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I love Ethereum for it's stability and scalibility. It invented the smart contracts and their common usage, that should speak volumes about the project as a whole! The fees are pretty big on L1, but there are some solutions further the layer that are better in this regard.

mich

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Well the Cboe exchange has now listed 5 Ethereum etfs that will begin trading in end of July. They are hoping to bring in billions of new investors money like other etfs did in the past.
The 5 are VanEck, Invesco, Fidelity, 21Shares, and Franklin Templeton. The sec is expected to make the approval on July 22.
https://finance.yahoo.com/news/spot-ethereum-etfs-begin-trading-005328826.html

Magic-Money

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Bitcoin has been number one in the cryptocurrency market, which follow by Ethereum and looking at Ethereum current price position is very good to buy more, because when ever Bitcoin price increases Ethereum we double the price in profits and ETH price will be more risky than Bitcoin as the case maybe.

Volimack

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As far as I know ethereum is the best currency in the crypto market and is generally second only to bitcoin. Among the best altcoins ethereum ranks above other altcoins. Ethereum may face a better position in the future. While gas fees are high, if history shows us anything it's that riding out storms can be incredibly profitable.

Altcoiner007

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Ethereum is unique! At a time, it was seen as the mother of cryptocurrency because it was about the only decentralized platform for developing decentralized applications (dApps) and smart contracts. While that still works, more blockchain like Ton, Solana and others where new projects are being developed upon their blockchain. Ethereum is still unique but has a lot to about it gas fee.

mich

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Well it is not a good week for us that does hodl Eth tokens. It Is down more then Bitcoin is in last week. But I am still ‘bullish’ on this token and do think it is a good time to get some cheaper tokens with price drop.
And I do think we are going to see Eth etf very soon. American investment management firm called VanEck has now filed for its spot etf. https://cryptobriefing.com/vaneck-ethereum-etf-filing/
So it is now Fidelity, VanEck, Franklin, 21Shares, Grayscale, and BlackRock did file for etfs.

NurseHub

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Aside the fact that Ethereum is second highest cryptocurrency with a high market cap, I genuinely love the project but i don't over exaggerated things by comparing the profit it will yield to bitcoin because bitcoin is nuch more bigger than eth even if it starts getting high today it can't beat bitcoin but will remain second.

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Quote from: FinneysTrueVision on July 02, 2024, 11:21:10 PM

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

The current hype that drives demand for Ethereum right now is the ETFs. The general concensus I have seen here and on ct is that if ETH gets even 1/3 of the inflows that Bitcoin got, then it would reflect on its price and could see it do between 50% - 200% as more inflows go into the ETFs. Ethereum Foundation and Core devs in recent years have pushed their focus to scaling the L2 ecosystem rather than scaling the L1 itself and that is what worries me about the chain. Aside from the complete abandonment of scaling the L1, Ethereum has the biggest ecosystem with L2s, Tooling and different varieties of projects aplenty.

Troytech

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Next to bitcoin stands Ethereum as another very good option and so far it has not given us any reason to doubt it yet and although i still hate to fact that their gas fees are outrageous and they also Brought a lot of early innovation to the the crypto verse by hosing many NFTS, IMO ETH is a good coin to hold and personally I think they have good token economics and a good team behind them, so there are good to go for me.

Huppercase

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Quote from: FinneysTrueVision on July 02, 2024, 11:21:10 PM

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

There is something I need to remind you, in bull run, there will surely comes a new trend that people will run after because of the money making thing. Back then before NFTs and the rest, there were ICOs back then and there were so much money that were raised into the hands of scammers that even today some cases are still in the court in 2024 and some are still pending of the last bull run we had. There will surely comes a new one that people will run after.

If you say that Ethereum has a hype back then, don't forget that Elon Musk was also among people that wanted to see Bitcoin higher and his games of meme made Bitcoin reach where it did in the last bull run. All coins does have their hypes and practically, Ethereum has the probability of growing rate of investment than Bitcoin. It will be hard to pump Bitcoin from where it is right now to $200k than for whales to pump Ethereum to $10k, this is how I see it from my opinion.

Abiky

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Quote from: FinneysTrueVision on July 02, 2024, 11:21:10 PM

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

That's true. But do other chains provide the same level of reliability and decentralization as Ethereum? I doubt it. Ethereum has the largest ecosystem of dApps, tokens, and services around it. The cryptocurrency comes second after Bitcoin both in market cap and mainstream adoption. You can easily get higher gains holding and staking ETH in the long term, than any of its competitors. Even Solana has been struggling to reach a new ATH. Not only that, but Solana is plagued by network outages. This makes it an unreliable blockchain network for payments.

I may not like the path ETH is heading into, but it's still the best choice among the rest of the pack. Hopefully, Vitalik and his team deal with the network's centralization issues in the long run. Who knows how far will Ethereum go?

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Quote from: FinneysTrueVision on July 02, 2024, 11:21:10 PM

I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

there are many things we need to explore and there are many interesting things about athereum, currently many people are looking at investments that are easier to buy and sell, and that makes them more focused on entering this market and that creates opportunities that support investment in cryptocurrencies and Indeed, this type of investment is a platform or open source currency, ethereum has many advantages and many better crypto investment options.

FinneysTrueVision

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I don’t think holding Ethereum will be more profitable than holding Bitcoin. The hype for things like NFTs and DeFi has gone down massively. There are still interesting uses for Ethereum but they can easily be replicated on other chains. Bitcoin’s characteristics cannot be easily replicated. Bitcoin will always be a better store of value and no other coin has been able to match its level of decentralization.

Abiky

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Quote from: Huppercase on June 28, 2024, 03:30:37 PM

Have you check despite that Bitcoin does have high transaction fees, a lot of people still use it and never complain about it is the same way ethereum community like Ethereum despite the high transaction fees. Bitcoin is even better because sometimes it's cheaper except the days when the mempool is full but ethereum on the other hand can remain like that for as long as the network is busy and people still spend money on the fees and like it, they have strong community foundation.

Solana was the closest alternative to ethereum but I guess the hype around Solana kill it before it time, they made a lot of partnership that didn't favour them and is the reason why they are where they are today. They were even lucky they made it back to almost 3/4 of the previous all time high and the meme trend else they wouldn't come close to sit where ethereum is today in the top 10 market cap. Though, regardless of the market sentiment, it will be difficult for any altcoin to replace ethereum.

These coins will always have their own set of followers. Even if fees remain high over a prolonged period of time. I'm talking about both Bitcoin and Ethereum. Solana is cheaper, but it's plagued by constant network outages. People still prefer to use it out of convenience. It's the only thing that has kept SOL within the top ranks in market cap. Solana will never beat Ethereum, though. Especially when the latter has first-mover advantage.

As much as I don't like ETH's centralized design (with PoS consensus), no other altcoin can outmatch its level of resiliency and availability. The second-largest cryptocurrency by market cap has an unbeatable ecosystem of dApps, tokens, and services alike. It's growing each day, even with the high fees and slow confirmation times. With L2 networks on-board, ETH will become bigger and stronger in the future. Hopefully, Ethereum solves centralization issues before it's too late.

mich

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Well I am still 'bullish' for this alt coin. And I do think us investors that do hodl it will get big rewards when there is a Eth etf launch.

And even if the sec did request submissions on S-1 form by July it can happen still this year. https://www.reuters.com/technology/us-regulators-could-approve-spot-ether-etfs-launch-by-july-4-sources-say-2024-06-26/

d3nz

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Quote from: manok jepang on June 11, 2024, 01:02:07 PM

In my opinion, ethereum is the only altcoin that can always be side by side with bitcoin even though the prices are very different, but at least ethereum is always in the top two coins on CMC, and I dare to speculate that ethereum will always develop and be able to provide the best for the holder,

That's right. I know that Ethereum will surely reach more than its ATH and most people on cryptocurrency still trust its blockchain and even though the transaction fee is so high. Right now, to avoid the TX fees it would be much better to just keep it in your wallet and wait for the right time to sell it or lend it to trusted exchanges.

Huppercase

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Quote from: ndutndut on June 26, 2024, 03:25:28 PM

I also invested in ethereum, because eth has proven to be a good altcoin and ETH has also proven to be able to survive under bitcoin in recent years and until now ETH is the best altcoin. Of course I don't know much about it, but I keep hearing discussions about how accelerated ETH's development has been to date. Despite high gas fees, ETH remains the number two investment choice after bitcoin.

The point is that what makes me confident and want to invest in both is because Eth and Bitcoin are two blockchain technologies that are very popular and of course very widely used today. This proves that both are assets that have great potential in the future and as an investor it is mandatory to own both.

Have you check despite that Bitcoin does have high transaction fees, a lot of people still use it and never complain about it is the same way ethereum community like Ethereum despite the high transaction fees. Bitcoin is even better because sometimes it's cheaper except the days when the mempool is full but ethereum on the other hand can remain like that for as long as the network is busy and people still spend money on the fees and like it, they have strong community foundation.

Solana was the closest alternative to ethereum but I guess the hype around Solana kill it before it time, they made a lot of partnership that didn't favour them and is the reason why they are where they are today. They were even lucky they made it back to almost 3/4 of the previous all time high and the meme trend else they wouldn't come close to sit where ethereum is today in the top 10 market cap. Though, regardless of the market sentiment, it will be difficult for any altcoin to replace ethereum.

Abiky

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Quote from: beerlover on June 26, 2024, 11:18:21 AM

I think it is not really the amount of ETH one ones, but more like if the public doesn't want a change, then they won't and no matter how much ETH you own, if public decides not to accept it, they would continue to use the old chain. Remember, you can't make a chain disappear, its always there, even legacy bitcoin is there, but we use segwit.

I think it would be quite obvious that there is no centralization in "power", because people still have it. There is this questionable situation, because whenever Vitalik offers a new idea, people accept, so while people CAN reject, I have not seen it, so you can call it centralized in that sense. There is a "leader" of it, and that's risky, but the blockchain itself is decentralized.

What saves the project is its open source nature. If it wasn't because of that, ETH would've been dead by now. Fortunately, the community can "fork off" into a new chain if things go south for ETH. We still have the original Ethereum blockchain (called Ethereum Classic) with PoW consensus, so there's nothing to worry about.

I don't think things will improve for ETH in the long run, especially when it's a PoS coin. Institutional investment companies, exchanges, and whales, hold all of the cards now. ETH will become less-decentralized over time because of this. Even if Vitalik only serves as advisor of the project, he still has a strong influence over it. With big players involved, they will drive the Blockchain based on their own interest. Not the community. We'll see what happens in the long run. Why do you think no other coin can beat Bitcoin? Cheesy

Topic: What is your view and your opinion about Ethereum? (Read 1670 times)