Is this the end of Ethereum ?

Nauman Sheikh
Nauman Sheikh, Investor, trader, programmer, blockchain enthusiast.

Answered Nov 28

Charlie lee, founder of Litecoin sold all of his holdings on December 20th, 2017 when Litecoin’s price was at $349 and then he later tweeted that every crypto bull run he has seen has been followed by a bear cycle and that the market needs time to consolidate. “That’s just my experience from 7 years of watching this space” said Charlie lee. He also tweeted saying how he expects crypto to be have a multi-year bear market and if we can’t handle Litecoin dropping to $20 then we shouldn’t buy it. Yet, majority of the people still poured more and more money into Crypto. Many tried to trade - they failed, many bought in late - they lost. The rest either learned to trade and will survive and the others are hodling on. The problem with most people is that most when we are in profit, we’re fearful and when we are in a loss, we’re hopeful. That’s just the way we’re wired, I guess it be.

Now to answer your question, I don’t believe that this is the end of Ethereum and Bitcoin because cryptocurrencies aren’t going anywhere and especially the great ones with the real world use cases and the few I can name are:

Bitcoin (Payments and storer of value)
Ethereum (Smart contracts and DApps)
Monero (Anonymous, private and fungible digital money)
Golem (Decentralized supercomputers)
Sia (Decentralized cloud storage)
IOTA (Internet of things)
Ripple (Bank’s Cryptocurrency)
Zcash (Privacy Coin)
Neo (Chinese Ethereum)
Qtum (Value transfers and Decentralized Apps)
Here’s my long term prediction for Bitcoin and these analyses are purely based upon historic market performance.

Key dates:

Jan/Feb 2019 - End of bear market / bottom
May 2020 - Return to All time high
End 2021 - Top of bull market.