What's the problem with Ethereum?
The most important issue Ethereum has the ability to scale. Scalability is also a big issue in many other currencies. This is, Ethereum that the network is not only able to handle about five transactions per second means you, but still is relatively slow. The team is working non-stop to solve this problem and increase transaction speed and capacity.
Another issue with Ethereum. It’s a fundraising activity that every company is trying to do. It's not that much of a problem, but it can have many negative consequences. These activities will lead to the liquidation of the amount of Ethereum left on the market after it has been procured. In this way, the price of Ethereum goes down. Ethereum also has no fixed maximum supply. This means that the value of 1 ETH will decrease each time a new coin is circulated. Ethereum maintains inflation.
Trust is the main concern for scalability. If only some entities can offer full node use, these entities can work together to offer additional coins and the user will not be able to see them. Of course, this can be found later, scalability is still Ethereum is facing the biggest problem is. Some other issues surrounding Ethereum are that it cannot be used offline and that storage is very expensive.
Is it a good idea to buy and hold Ethereum now (December 2021)?
Yes. The reason is that Ethereum is becoming mainstream and millions of people have not yet discovered the power of Ethereum.
You also need to upgrade your technology in the next year or two. At that point, Ethereum can be everything it promises.
It is led by the Ethereum Foundation, which looks like a much more stable and visionary version of the Bitcoin equivalent.
I like the idea of holding Ethereum for 2 years +
Is it possible to overtake Bitcoin, Ethereum or Litecoin?