以太坊的以太坊：儘管長期樂觀，但投資者仍經歷過山車之旅

以太坊區塊鏈的加密貨幣以太幣近幾個月來價格波動劇烈，5 月價值翻倍，6 月達到 400 美元峰值，本週跌去一半價值。儘管存在波動，一些投資者仍然保持樂觀，預計未來 5-10 年將大幅上漲，並將部分淨資產分配給以太幣。

Ethereum's Ether: A Rollercoaster Ride for Investors Amidst Long-Term Optimism

以太坊的以太幣：長期樂觀中投資者的過山車之旅

Ether, the cryptocurrency native to the Ethereum blockchain, has embarked on a volatile journey in recent months, mirroring the inherent volatility of the digital asset market. In May, its value soared, more than doubling in a matter of weeks. The upward trajectory culminated in a mid-June peak, where Ether reached a record high exceeding $400 per token. However, a subsequent sell-off ensued, eroding more than half of that value by early this week.

以太坊是以太坊區塊鏈原生的加密貨幣，近幾個月來開始了一段波動的旅程，反映了數位資產市場固有的波動性。五月份，其價值飆升，幾週內就翻了一番多。上漲軌跡在 6 月中旬達到頂峰，以太幣達到每枚 400 美元以上的歷史新高。然而，隨後的拋售接踵而至，到本周初，該價值已經蒸發了一半以上。

Despite this rollercoaster ride, a substantial number of investors remain steadfast in their optimism for Ether's long-term prospects. Aaron Batalion, a partner at Lightspeed Venture Partners, anticipates further significant price surges, predicting 50% jumps and substantial returns in the years to come.

儘管經歷了過山車之旅，但仍有大量投資者對以太坊的長期前景保持樂觀態度。 Lightspeed Venture Partners 的合夥人 Aaron Batalion 預計價格將進一步大幅上漲，預計未來幾年將上漲 50%，並帶來可觀的回報。

"Over the next five to ten years, I believe it will be worth ten or one hundred times its current value," Batalion asserted.

「在未來五到十年內，我相信它的價值將是目前價值的十倍或一百倍，」營斷言。

Jason Calacanis, an early investor in notable startups such as Robinhood and Uber, recently took to Twitter to express his interest in acquiring Ether. In response, Chamath Palihapitiya, an early employee of Facebook and a prominent Silicon Valley investor, advised allocating 1% of one's net worth to cryptocurrencies.

Jason Calacanis 是 Robinhood 和 Uber 等著名新創公司的早期投資者，他最近在 Twitter 上表達了收購 Ether 的興趣。作為回應，Facebook 早期員工、矽谷著名投資者 Chamath Palihapitiya 建議將個人淨資產的 1% 分配給加密貨幣。

Matt Galligan, a serial entrepreneur and investor in Ether, is also focused on the five-year horizon, anticipating the platform's maturation and widespread adoption.

馬特·加利根 (Matt Galligan) 是以太坊的連續創業家和投資者，他也著眼於五年的前景，預計該平台將走向成熟並廣泛採用。

"There's going to be a lot of froth and volatility," Galligan acknowledged, referring to the market's current volatility.

「將會出現很多泡沫和波動，」加利根承認，他指的是市場當前的波動。

Understanding Ethereum and Ether

了解以太坊和以太幣

Ethereum is a decentralized platform designed for sharing information in a secure and immutable manner. It utilizes a blockchain structure similar to that of Bitcoin, but with a more versatile functionality. Ethereum enables a wide range of applications, including secure money transfers and document sharing. Traditionally, these processes involve multiple steps and require verification and authentication. Ethereum streamlines this process by ensuring the integrity of information from the outset.

以太坊是一個去中心化平台，旨在以安全且不可變的方式分享資訊。它採用與比特幣類似的區塊鏈結構，但具有更通用的功能。以太坊支援廣泛的應用，包括安全匯款和文件共享。傳統上，這些過程涉及多個步驟，並且需要驗證和認證。以太坊從一開始就確保訊息的完整性，從而簡化了這個過程。

Ether is the native currency of the Ethereum platform, serving as a token that facilitates transactions and the use of various services. Andreas Weiler, head of markets at Smith and Crown, a crypto-financial research group, describes Ether as the "fuel for the Ethereum virtual machine."

以太幣是以太坊平台的原生貨幣，作為促進交易和使用各種服務的代幣。加密金融研究組織 Smith and Crown 的市場主管 Andreas Weiler 將以太幣描述為「以太坊虛擬機器的燃料」。

Distinguishing Ether from Bitcoin

區分以太幣和比特幣

While often compared to Bitcoin, Ether is not a direct competitor. Bitcoin is primarily a digital currency and payment system, while Ether is a means of accessing services within the Ethereum ecosystem. Ethereum remains under development, but some investors envision it as a fundamental layer of the future internet.

雖然經常與比特幣進行比較，但以太坊並不是直接競爭對手。比特幣主要是一種數位貨幣和支付系統，而以太幣是存取以太坊生態系統內服務的一種方式。以太坊仍在開發中，但一些投資者將其視為未來互聯網的基礎層。

Investment Considerations and Volatility

投資考慮因素和波動性

Ether presents a financial risk due to Ethereum's nascent stage and uncertain trajectory. "When you invest in Ether, you are not actually doing anything—you are holding ammo, which will allow you to execute code when there is code worth being executed on the platform," Weiler explained.

由於以太坊的新生階段和不確定的發展軌跡，以太坊帶來了財務風險。 「當你投資以太幣時，你實際上並沒有做任何事情——你持有的是彈藥，當平台上有值得執行的程式碼時，這將允許你執行程式碼，」韋勒解釋道。

The price of Ether has experienced significant volatility, rising from below $20 in March to a peak of $420 in mid-June. Recent weeks have witnessed a decline, with Ether trading at $208.87 as of Wednesday.

以太幣的價格經歷了大幅波動，從 3 月的低於 20 美元上漲到 6 月中旬的峰值 420 美元。最近幾週出現了下跌，截至週三，以太坊交易價格為 208.87 美元。

Weiler attributes part of this instability to a lack of understanding among investors. "It really did smell like dumb money coming in and not knowing what Ethereum is about or what role Ether plays in the economy in the first place," he stated.

韋勒將這種不穩定的部分原因歸咎於投資者缺乏了解。他表示：“這確實聞起來像是愚蠢的錢進來，而且不知道以太坊是什麼，也不知道以太坊在經濟中扮演什麼角色。”

Despite the volatility, some investors remain confident that Ether's price will stabilize as Ethereum scales and becomes more prevalent. This belief is rooted in the platform's potential to revolutionize various industries and support the development of innovative applications.

儘管存在波動，一些投資者仍然相信，隨著以太坊規模的擴大和變得更加普遍，以太坊的價格將會穩定。這種信念植根於該平台徹底改變各個行業並支持創新應用程式開發的潛力。

"As with any new technology innovation, the early attempts are fraught with challenges, but this technology will not go back into a box and disappear," Batalion said. "We will see meaningful companies built using this technology and fund-raising approach, even if the normal end-user doesn't realize it's part of the foundation of a product or service they use."

「與任何新技術創新一樣，早期的嘗試充滿了挑戰，但這項技術不會回到盒子裡然後消失，」巴塔利恩說。 “我們將看到使用這種技術和融資方法建立的有意義的公司，即使普通最終用戶沒有意識到這是他們使用的產品或服務的基礎的一部分。”