以太坊的以太坊：尽管长期乐观，但投资者仍经历过山车之旅

以太坊区块链的加密货币以太币近几个月来价格波动剧烈，5 月份价值翻倍，6 月份达到 400 美元峰值，本周跌去一半价值。尽管存在波动，一些投资者仍然保持乐观，预计未来 5-10 年将大幅上涨，并将部分净资产分配给以太币。

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

以太坊的以太币：长期乐观中投资者的过山车之旅

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.

以太坊是以太坊区块链原生的加密货币，近几个月来开始了一段波动的旅程，反映了数字资产市场固有的波动性。五月份，其价值飙升，几周内就翻了一番多。上涨轨迹在 6 月中旬达到顶峰，以太币达到每枚 400 美元以上的历史新高。然而，随后的抛售接踵而至，到本周初，该价值已经蒸发了一半以上。

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.

尽管经历了过山车之旅，但仍有大量投资者对以太坊的长期前景保持乐观态度。 Lightspeed Venture Partners 的合伙人 Aaron Batalion 预计价格将进一步大幅上涨，预计未来几年将上涨 50%，并带来可观的回报。

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

“在未来五到十年内，我相信它的价值将是目前价值的十倍或一百倍，”营断言。

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 等著名初创公司的早期投资者，他最近在 Twitter 上表达了收购 Ether 的兴趣。作为回应，Facebook 早期员工、硅谷著名投资者查马斯·帕里哈皮蒂亚 (Chamath Palihapitiya) 建议将个人净资产的 1% 分配给加密货币。

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.

马特·加利根 (Matt Galligan) 是以太坊的连续创业者和投资者，他也着眼于五年的前景，预计该平台将走向成熟并得到广泛采用。

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

“将会出现很多泡沫和波动，”加利根承认，他指的是市场当前的波动。

Understanding Ethereum and Ether

了解以太坊和以太币

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.

以太坊是一个去中心化平台，旨在以安全且不可变的方式共享信息。它采用与比特币类似的区块链结构，但具有更通用的功能。以太坊支持广泛的应用，包括安全汇款和文档共享。传统上，这些过程涉及多个步骤，并且需要验证和认证。以太坊从一开始就确保信息的完整性，从而简化了这一过程。

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."

以太币是以太坊平台的原生货币，作为促进交易和使用各种服务的代币。加密金融研究组织 Smith and Crown 的市场主管 Andreas Weiler 将以太币描述为“以太坊虚拟机的燃料”。

Distinguishing Ether from Bitcoin

区分以太币和比特币

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.

虽然经常与比特币进行比较，但以太坊并不是直接竞争对手。比特币主要是一种数字货币和支付系统，而以太币是访问以太坊生态系统内服务的一种方式。以太坊仍在开发中，但一些投资者将其视为未来互联网的基础层。

Investment Considerations and Volatility

投资考虑因素和波动性

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.

由于以太坊的新生阶段和不确定的发展轨迹，以太坊带来了财务风险。 “当你投资以太币时，你实际上并没有做任何事情——你持有的是弹药，当平台上有值得执行的代码时，这将允许你执行代码，”韦勒解释道。

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.

以太币的价格经历了大幅波动，从 3 月份的低于 20 美元上涨到 6 月中旬的峰值 420 美元。最近几周出现了下跌，截至周三，以太坊交易价格为 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.

韦勒将这种不稳定的部分原因归咎于投资者缺乏了解。他表示：“这确实闻起来像是愚蠢的钱进来，而且不知道以太坊是什么，也不知道以太坊在经济中扮演什么角色。”

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.

尽管存在波动，一些投资者仍然相信，随着以太坊规模的扩大和变得更加普遍，以太坊的价格将会稳定。这种信念植根于该平台彻底改变各个行业并支持创新应用程序开发的潜力。

"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."

“与任何新技术创新一样，早期的尝试充满了挑战，但这项技术不会回到盒子里然后消失，”巴塔利恩说。 “我们将看到使用这种技术和融资方法建立的有意义的公司，即使普通最终用户没有意识到这是他们使用的产品或服务的基础的一部分。”