Community Trust ScoreVerified
Maximalists continue to believe in Ethereum; however, real-time investors have their own stories about their experiences holding Ethereum about gas fee, crowd funding days, centralized/decentralized, buying unlimited Ether, and Ethereum Killers with their L2 solutions diluting the market.
Also, there are two kinds of people who are in – those who are in for the technology, and those who are in for profit making, and there are yet others who do not have a clue as to why they staked their value and they keep holding until their realistic/unrealistic expectations are achieved.
The Ethereum ecosystem is made up of different types of people. There are developers who are in as they are comfortable with the developer language and tools. There are those who are early investors and therefore no matter how up or low the price goes – they still have profits to cash out. There are investors who bought the hype – and they do not have a clue as to whether the HOLD philosophy will save them. There are enterprises and others stationed in the ecosystem because the Dapp developers recommended the platform. And, there are competitors who like to see the ETH ship sink. There are competitors who copy every activity, code and happening. There are those competitors who solve those problems which are not solvable by the Ethereum ecosystem developers.
And, now we are at a point in time there are lot of Ethereum replicas and many of them better than Ethereum. So, will Ethereum sustain its position with its early mover advantage?
For now, the only pro-thing for Ethereum is that they are the first movers. Ethereum loyalists are also slowly migrating to similar ecosystems.
Lark Davis Shared: “What do you think, should I buy some more Ethereum?”
There was mixed and random reactions from the community and some of them are cited below as is verbatim:
Ethereum is a centralized, government-run scam. By participating you are padding the wallets of the few who are operating the scam.
If ETH is centralized, I can’t imagine what you think about Solana. Can you explain please why you think Ethereum (The Most Decentralized Coin) is centralized?
Guys, make yourself a favour and don’t get in discussion with Maximalists. It’s just a waste of time.
You don’t need to be a maxi to see that ETH is neither the most secure nor decentralized. You need to be a maxi to think it is those things that are the most secure and decentralized though.
Lol “the most decentralized coin”. My view for years has been that the Ethereum presale was mostly bought up by a handful of people working in concert. Joe Lubin discussed while disguising mega whale purchase to make them look like legit crowdfunding.
Ethereum community and most of the crypto have been asleep to the fact that the biggest early ETH investors are the big centralized banks (GS and J.P) like a good old trojan horse. That’s the only reason why ETH got clear through the SEC.
ETH Presale: “A person can buy unlimited Ether with pseudonyms. We may limit the size of a single purchase to make it easier to disguise so that no one is scared. If you plan to invest millions, you can give us an email that makes it easier to create multiple fake identities”.
Either you guys have a fiat printer, or you’re buying 10$ of crypto on every dip. It’s not about how much money you make. It’s all about how much money you retain. Save 20% of your income aside for the dips.
Don’t bother. Stick to Bitcoin and XRP and XLM.
Do you like their fee? Ethereum and UNI swap must go dip.
Do you still have money? After every dip, I invested all my savings and now waiting for market the to recover.
It is useless to stake Ethereum, all the altcoins follow Bitcoin price action and it could drop dramatically. Altcoins are only for dump and pump.
Heard of stuff like “staking ETH hedges against crashes” – “ETH is flipping BTC” Long-term staking of ETH is a smart move.
I think you should buy more Ethereum. Ethereum is my biggest investment and I’ve never doubted it. Will I buy more Ethereum is a stupid question?
Stack it as much as you can, you’re right.
With Matic looking so strong and L1 gas fees do you not think L2 solutions might be slowing an increase in $eth interest/purchasing? I’m still bullish, but as you’ve said yourself L2 growth, interest and value are increasing.
I’m still bullish on ETH but think the whole crypto space is getting a bit diluted faster than new capital inflow, meaning ETH might not have the biggest gains going forward in the short /medium term. Maybe buy Matic, and if eth2 is going to appear maybe switchback.
In my opinion, ETH could go up but not so much. why? because Ethereum has a problem that we all know. The only reason why Ethereum is so high is just that so many tokens are connected to it and I believe there are so many better options in the future.
Maybe you need to know that ETH under $20k is so undervalued! Do with this information whatever you like.
So, Ethereum is getting old and the market is already admiring new players – this means the angles on the pie chart is beginning to change. The big chunk of cryptocurrency enthusiasts are not going to color the Ethereum part of the pie.
