ETHEUR
Ethereum / Euro
crypto Composite

Bitwise down billions on ETH 💀😂

There’s no guarantee that ETH pays off in the long run. That said, if you’ve got conviction and are willing to be patient, it could be worthwhile.
Here’s what’s giving me hope: sentiment feels very bearish, smells like capitulation, which indicates to me that those without conviction and patience are existing. Great set up for a nice run up.
Also, the tech is still in the early stages of mass adoption, but it seems that’s where things are heading (Larry Fink looking to tokenize ?everything?)
Last but not least: TOM LEE. Strong ETH conviction and he’s as good as they get at spotting trends, calling his (granny) shots, and getting things right. As long as he is long, I am too.

Why would less of an investment change the principle of the issue? I’m just fine in my personal life from a financial perspective even if ETH went to 0.

!tip I don't think ETH will ever overtake bitcoin. Good observations in general but that isn't confined to this subreddit this is reddit and I guess social media in general. Bubbles and communities of like minded people find themselves together.
I try to be critical but I do obviously also have biases and consciously and subconsciously I get some dopamine from having them "rewarded" by the community. After that I try to stay critical myself.
I don't really trade, I'm interested in the markets and value discussions and criticisms of my opinion which is just that an opinion.
That is, I think long term that's fairly good, but I try to point out that whenever I have a bullish "data" point, we don't know what tomorrow holds and things can go either way.
I do hope though that if someone shares a "critical" view that is not pro ETH or crypto, or negative in general we can have more healthy discussions.

Some have a different narrative, are hyped up, and attract new capital. ETH is not one of them.
I've been involved since 2008, but it's frustrating to see tens of thousands of dollars go up in smoke.

Ofc I get into ETH 4 days ago.

everyone that believes in "altcoin season" doesnt understand that its the big guys that are running the show now. What do you they buy? Bitcoin and ETH. There will never be a altcoin season like it was before.

Let’s stay focused on the big 3 (BTC, ETH, SOL). But big institutions already have bought.. Wells Fargo, BOA, Morgan Stanley, Goldman etc. and they’re continuing to accumulate. It’s all public info just look. But why? I don’t have the answer for that. Probably to make money in the long run because it’s definitely not to lose money.

Everyone begged for institutions to jump in, this is by design. Once they’re in, they suppress prices. Look at silver: years of manipulation through massive paper short, this is how they're doing this with ETH, flooding futures to trigger stop‑losses and keep prices low. It’s profit and fiat confidence preservation, not “free markets.”

It's an echo of the "Dotcom" era, which was an echo of the "Personal Computer" era. A major shift becomes evident to the world and tons of resources are piled into it, trying to gain a spot on the eventual winner table. In the early 80's after the Apple II was a hit and IBM validated the market with their PC, there were dozens of "me too" PC companies, many of whom had no actual business, just made clones and chased prices down. Eventually a small number of companies survived and became the bedrock of the PC market.
In the Dotcom era, the adoption curve of the Internet proved that it was going to be a "Big Thing" (I'll come back to the adoption curve) and every software company pivoted to have an Internet play and a "dot com". Many of them had no actual business but VCs threw money at them (Webvan, [Pets.com](http://Pets.com), etc). Eventually a small number of them survived and became the bedrock of the Internet market (Google, Amazon, etc.)
In the crypto era, ICOs represented a chance to grab a position in the "crypto" world, whatever it would be. Thousands of coins were minted and sold back and forth between profiteers, with no knowledge or care about the details. The space became known for rug pulls and scams, however the adoption curve of crypto (specifically ETH) was noted by macro economist Raoul Pal to be faster than any other adoption curve in history, including PCs and Internet. (video here - https://www.youtube.com/watch?v=KGIxBozipI8).
Crypto is nearing end of the first stage, where worthless NFTs, memecoins, and VC funded vaporcoins are beginning to drop, leaving the small cadre of cryptos that actually have functional value and will dominate the future. In 5 years, only the top 10 cryptos will matter, just like the top 10 dotcom survivors have morphed into owning the entire online space. The challenge for us as investors is to choose the correct projects, and to HODL while the chaotic thinning of the herd occurs. If we choose correctly, we will be well rewarded as holders of AMZN who kept it from the dotcom era .07 cent price to today's $293.

If you DCAd since 2021, you would be down at this price. I know, because I am :). This is not including losing against inflation or the opportunity cost. 
You are taking 2 very specific time frames, where ETH outperformed. Majority of holders don't are not those "lucky" ones that only bought then.

ETH gonna reach 1.0K in February at this rate, Tom Lee was right. 

Because sadly for us, ETH has underperformed against pretty much every asset class. You could have pulled a 5x by buying random pokemon boxes.

Stocks do the same thing too. Silver fell 30% yesterday alone.
If you were trying to swing trade this thing, buying last fall wasn't the best time to do it given the volatility. I think ETH gets interesting if it falls below $1,000 like it did a few years ago.

Longing ETH here for a bounce. Nice low liquidity dump

-30% incoming on ETH

"Okay, 19k ETH EOY"

If tech keeps chipping away at physical scarcity, ETH's rule-based scarcity matters more

At least ETH is holding up

ETH starting to act like gold!