Leaving Ethereum out of the portfolio, a wise move or a mistake

[examplens]

Ethereum has been bothering me for the past year. At some point, I needed cash and decided to liquidate it. If I remember correctly, it was around $3400 at that point. I was probably lucky in everything because after that, ETH just kept sinking.

I currently have an almost insignificant amount, but I decided not to consider it an option when diversifying my portfolio. Will hold Ethereum only as long as I have to.

I'm pretty sure Ethereum's best days are over, and it will at best stay at the value it has had for the last year.
Does anyone more experienced have any reasons why I might be thinking wrongly?

[Mia Chloe]

Ethereum has been bothering me for the past year. At some point, I needed cash and decided to liquidate it. If I remember correctly, it was around $3400 at that point. I was probably lucky in everything because after that, ETH just kept sinking.
I currently have an almost insignificant amount, but I decided not to consider it an option when diversifying my portfolio. Will hold Ethereum only as long as I have to.

Frankly speaking based on my opinion too ,you're actually right. Based on the stats for quite a long time now, it's obvious that ethereum has actually been underperforming. There are a lot of things I believe is leading to it.

One of them is the problem of unlimited supply. That particular thing is something I believe is really hitting the network negatively personally I don't see POS as a really strong block chain mechanism.

[Findingnemo]

Ethereum has been bothering me for the past year. At some point, I needed cash and decided to liquidate it. If I remember correctly, it was around $3400 at that point. I was probably lucky in everything because after that, ETH just kept sinking.

I currently have an almost insignificant amount, but I decided not to consider it an option when diversifying my portfolio. Will hold Ethereum only as long as I have to.

I'm pretty sure Ethereum's best days are over, and it will at best stay at the value it has had for the last year.
Does anyone more experienced have any reasons why I might be thinking wrongly?

I saw an interesting analysis a couple of days back, ETH is the worst performing crypto in terms of returns compared with other top 30 or something marketcap values assets. It almost returned to the value of the previous cycle when bitcoin hit 100K mark and there seems to be no improvement.

OGs might lost interest on ETH future after switching to POS.

[philipma1957]

Ethereum has been bothering me for the past year. At some point, I needed cash and decided to liquidate it. If I remember correctly, it was around $3400 at that point. I was probably lucky in everything because after that, ETH just kept sinking.

I currently have an almost insignificant amount, but I decided not to consider it an option when diversifying my portfolio. Will hold Ethereum only as long as I have to.

I'm pretty sure Ethereum's best days are over, and it will at best stay at the value it has had for the last year.
Does anyone more experienced have any reasons why I might be thinking wrongly?

Good man. Here is  hoping that you made the correct move . I dumped all my eth a while back.

I have solana instead.

[ABCbits]

As investment, ETH certainly stuck in awkward place. For long term, people still BTC as more reliable option. Meanwhile, new token and altcoin becoming more common choice for short (and risky) term. And since these days many people don't care about decentalization, there are many altcoin with smart contract that offer lower TX fee and faster TX confirmation. So i wouldn't say it's a mistake to dump your ETH.

[Zed0X]

Probably one the best move you've done. I remember another investor doing the same thing and chose XRP as his next horse (I think this was before a court decision was made). As it turns out, he made the right call too. I guess it won't be long before Ethereum loses completely to Solana or other blockchains.

[Mia Chloe]

Probably one the best move you've done. I remember another investor doing the same thing and chose XRP as his next horse (I think this was before a court decision was made). As it turns out, he made the right call too. I guess it won't be long before Ethereum loses completely to Solana or other blockchains.

Definitely. It would take a lot for Ethereum to gain enough hype and momentum for it to grow simultaneously with bitcoin just like it used to a couple of years back. Basically we should expect Ethereum to dip even more as time goes by.

It's more like what happens with most altcoins that gradually they begin to lose adoption and momentum too and boom they gradually fade away from the market.

[vegasus]

Ethereum has been bothering me for the past year. At some point, I needed cash and decided to liquidate it. If I remember correctly, it was around $3400 at that point. I was probably lucky in everything because after that, ETH just kept sinking.

I currently have an almost insignificant amount, but I decided not to consider it an option when diversifying my portfolio. Will hold Ethereum only as long as I have to.

I'm pretty sure Ethereum's best days are over, and it will at best stay at the value it has had for the last year.
Does anyone more experienced have any reasons why I might be thinking wrongly?

Taking profits when the price is still rising and especially when we really need cash is a decision that does not need to be regretted. Everyone has their own journey, especially when there is an urgent need and this is the only way to do. Yes, we should be grateful because Ethereum helps us become one of the problem solvers when we are short of cash. And especially after that the price continues to sink, this makes us even more relieved.

At least we are not wrong when we have TP when the price is high. If for example we want to re-enter ETH now, it might be quite good because the price has really dropped compared to when it was, but once again, everything must be in accordance with each risk management that allows it to be carried out with its respective risks.

[Kemarit]

Ethereum has been bothering me for the past year. At some point, I needed cash and decided to liquidate it. If I remember correctly, it was around $3400 at that point. I was probably lucky in everything because after that, ETH just kept sinking.

I currently have an almost insignificant amount, but I decided not to consider it an option when diversifying my portfolio. Will hold Ethereum only as long as I have to.

I'm pretty sure Ethereum's best days are over, and it will at best stay at the value it has had for the last year.
Does anyone more experienced have any reasons why I might be thinking wrongly?

Nah, I think you made the right decision to leave ETH as there are no signs that it will hit a new all time high this cycle. In order to do that, they will have to at least get into +80% to profit.

Which could be difficult to do as it seems that investors are moving away from them and pouring their money on the competition, for one, It's Solana.

Maybe ETH best days are over for this cycle.

[examplens]

btw. when we talk about Ethereum, I saw this from official metamask on X.
What does this exactly mean?
Is it really possible to use the Ethereum network for free?

ETH is no longer required for gas.

But even further, you can now choose a token to use as gas for all of your MetaMask transactions.

https://x.com/MetaMask/status/1915465589646344653

[ajiz138]

Probably one the best move you've done. I remember another investor doing the same thing and chose XRP as his next horse (I think this was before a court decision was made). As it turns out, he made the right call too. I guess it won't be long before Ethereum loses completely to Solana or other blockchains.

Definitely. It would take a lot for Ethereum to gain enough hype and momentum for it to grow simultaneously with bitcoin just like it used to a couple of years back. Basically we should expect Ethereum to dip even more as time goes by.

It's more like what happens with most altcoins that gradually they begin to lose adoption and momentum too and boom they gradually fade away from the market.

But we also have to see what Ethereum will do next to make them able to rise again after this quite deep decline.

Because competition will always happen and I think they are also very aware of this and they will try steps which will be good for them. But so far I have not seen what steps they will take for the future.

[philipma1957]

btw. when we talk about Ethereum, I saw this from official metamask on X.
What does this exactly mean?
Is it really possible to use the Ethereum network for free?

ETH is no longer required for gas.

But even further, you can now choose a token to use as gas for all of your MetaMask transactions.

https://x.com/MetaMask/status/1915465589646344653

Seems that you can use other tokens with value. I am trying to confirm this.

If you use metamask wallet you can pay with other coins. When you move value

So it is not free.

Usdc and usdt are acceptable.

So if i have 2 eth to send,a person I can pay the fee in usdc or usdt

[Report]

Ethereum if I notice it seems like there is something blocking it from going up, whether it's a coin development factor, community or a factor starting from a few projects on the erc20 blockchain.
Just look when BNB and Solana have started to increase in price but Ethereum has not increased, although it has also increased in contrast to the increase in BNB and Solana coins.

The good thing is, Ethereum has a very large strength in Marketcap, beating BNB and Solana.
But the strange thing is that even though Ethereum's marketcap has increased, the price of Ethereum has not increased quickly. I think Ethereum currently has the wrong way to run.

[hugeblack]

Ethereum still has an active community, an ETF, and some use cases, in addition to the potential for blockchain use in DeFi and stablecoins, but there is inevitably stiff competition from some altcoins.
Buying now wouldn't be a bad idea, as the price is nearly at its bottom, but Ethereum's value against Bitcoin is falling sharply, so Bitcoin is performing better than Ethereum, and it's not considered *diversification.*

btw. when we talk about Ethereum, I saw this from official metamask on X.
What does this exactly mean?
Is it really possible to use the Ethereum network for free?

It is about MetaMask Swap.

[examplens]

Seems that you can use other tokens with value. I am trying to confirm this.

If you use metamask wallet you can pay with other coins. When you move value

So it is not free.

Usdc and usdt are acceptable.

So if i have 2 ETH to send,a person I can pay the fee in usdc or usdt

Yes, you're right. The news is that Ethereum is no longer required for token transactions.

Ethereum still has an active community, an ETF, and some use cases, in addition to the potential for blockchain use in DeFi and stablecoins, but there is inevitably stiff competition from some altcoins.
Buying now wouldn't be a bad idea, as the price is nearly at its bottom, but Ethereum's value against Bitcoin is falling sharply, so Bitcoin is performing better than Ethereum, and it's not considered *diversification.*

An interesting meme is circulating these days, which confirms that I am not the only one who thinks in this direction when it comes to Ethereum.