Quote from: styca on September 14, 2019, 08:09:06 PM

ETH is a smart contract platform. Libra... isn't.
I am bullish on ETH because smart contracts are such a strong use case. Libra may be a success, but it can't be compared to ETH. That's like saying a tractor is a competitor to a sports car. Different purpose. Not competitors.
Sorry if I'm being over-sensitive here!

Completely agree with you, mate. There's a huge difference between Libra and Ethereum. One's purpose is to become a worldwide currency (Libra), while the other one has ambitions of becoming the world computer (Ethereum). Despite this, the launch of Libra won't have a negative impact on Ethereum's price within the future. But, I believe that its success will drive other people into Ethereum, resulting in higher prices within a short time frame. Right now, ETH is having a hard time increasing in price ever since the bear market began back in 2018. It's yet the day where people are waiting for ETH to get past its latest ATH of over $1,000 per coin. Given how slow the market is moving these days, I'd say that it may take a long time before we'll be able to see each Ethereum coin being worth at least $2,500.

Perhaps, within 5 years from now, Ethereum will reach the specified goal across the crypto market. Everything will depend on how long Ethereum takes to scale for the mainstream world. The longer it takes, the worst it'll be for ETH as people will look for other alternatives that are capable of processing millions of TPS. It's all a matter of which smart contract platform delivers a solution first that would allow decentralized applications to scale for the world without delays or high costs. As of now, alternative smart contract platforms like EOS, TRON, and Cardano are in the lead with superior technology than ETH. What Ethereum has on top of its competitors is first-mover advantage just like Bitcoin.

Nonetheless, it's hoped that Ethereum's next big upgrade (ETH 2.0) would trigger a massive boost in price within the short term. People will gain the sentiment of "FOMO" once they experience the new version of Ethereum. Until then, prices will stale within the $180 - $250 mark for quite some time. Just my opinion