The challenge with scaling has been an issue not only with Ethereum, but in the space in general. The more data the more the larger the chain and the slower the network. I remember back in college as an intern in the physics lab, when we still had dial up modems, I asked Dr. Zheng that it would be great if we could download a movie to our computer. At that time it would have taken a week to download a movie, but now I can pretty much download one on my phone. As Steven Lubka mentioned recently in his article and interview, just "relax and enjoy the process".
Whether the solution is Sharding, State Solutions, Raiden, Plasma or some new solution yet to be created, eventually there will be a solution. With Ethereum not only having First Mover Advantage and a great team, eventually there will be a solution. In addition many private companies are already building on the Ethereum network and as the technology improves greater demand for decentralized, secure and trusted networks will grow, and what coin is in a better position to benefit than Ethereum?
Back in October I actually reduced my Ethereum position, but have since bought it back recently, actually increasing our inventory 1.5 coins for every coin sold. These small little adjustments compound over time, and in managing a portfolio, where the majority are looking for "profits now", the returns add up over time.
The current swing is a positive for Ethereum Bag holders, but we are not out of the woods yet. The 190.0 level is a key level to take out for us to add evidence that this market is slowly reversing. Like bottoming is a process, often recoveries are processes too. They do not happen overnight as there are just too many bears in the space. However as momentum picks up bears turn to bulls attracting more to the space and we get a subsequent rally. After being in the penalty box for a month, Ethereum is now on our radar for potential swing and position trades yet there is still some work to do.
Taking out the bearish trend line is another foot in the right direction in the recovery. We are looking for a weekly close and continuation, and the first major resistance level is around 275.0. A lot of work to do here. Yet like recovering from a broken leg, or ruptured tendon, recoveries take time. Taking out the 170.0 level, forming a higher high is the first step on the road to recovery. Again we are far from being out of the woods, but unless you have magical powers, the path requires you to take one step at a time.
As Steven mentioned, as solutions are found for Ethereum's scaling it will likely lead to price appreciation. Again I am long term and am not out looking at 2020 Lambos. I am looking to buy the best in breed coins, which provide the best probability of appreciating over the next 10 years. Ethereum is back on that list!
Is there a reason you trade against the Dollar and not against BTC ?Just wondering
goldbug1
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@Dieter1983, just because in the end we look at profits in dollars. I trade silver in dollars not gold, but will use the gold silver ratio for positioning, or I trade oil in dollars not gold or Euros. No reason you can't trade in Bitcoin I just always take it back to dollars because that is my basis for profit and what I get paid in ;)
userbeauty
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Which coins hold the biggest share of your portfolio? More LTC than ETH, etc...?
goldbug1
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@userbeauty, Bitcoin is my largest holding. Thanks beauty.