It's hurt ethereum that is for sure, but its necessary growing pains - provided we learn from this. In the short term this should have been a period of bullish growth with the news of mastercard and cisco joining the EEA - however the bad news undid alot of that good. I would not panic though, as an investor in the short term i am very bullish about bitcoin but in the long term I feel ethereum has a better long term vision in terms of scalability and the potential of smart contracts. Realise though that ethereum as a viable product is still essentially in an alpha state of readiness. Until scalability is dramatically improved (and I have no reason to doubt it will be) smart contracts are just too slow and too expensive to be attractive to the mass audience.
I'm definitely not panicking. I've only been following the crypto market for a short time, reading and studying everything I can find. I don't think I have an educated opinion yet on what is going to be the dominant technology or if there will be multiple ones for different industries/purposes. I'm not in a position to judge Bitcoin vs. Ethereum yet. Just still trying to learn and make some money.
It's hurt ethereum that is for sure, but its necessary growing pains - provided we learn from this. In the short term this should have been a period of bullish growth with the news of mastercard and cisco joining the EEA - however the bad news undid alot of that good. I would not panic though, as an investor in the short term i am very bullish about bitcoin but in the long term I feel ethereum has a better long term vision in terms of scalability and the potential of smart contracts. Realise though that ethereum as a viable product is still essentially in an alpha state of readiness. Until scalability is dramatically improved (and I have no reason to doubt it will be) smart contracts are just too slow and too expensive to be attractive to the mass audience.
I'm definitely not panicking. I've only been following the crypto market for a short time, reading and studying everything I can find. I don't think I have an educated opinion yet on what is going to be the dominant technology or if there will be multiple ones for different industries/purposes. I'm not in a position to judge Bitcoin vs. Ethereum yet. Just still trying to learn and make some money.