demands on Ethereum - page 4. | Bitcointalksearch.org

Lanatsa

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Quote from: Kang TB on August 29, 2019, 10:32:02 PM

Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demand

i hope this news will be good for eth price, and make the price grow more than $200 again

At first I though Halal certitication does only be implied with foods and I cant even believe on what I'm reading here that muslims considered ETH or halal to them.
I wont say that this doesn't have effect yet we know that some muslims are might multi-millionaires or even billionaires specially who do reside on Arab countries.
We know the capability of some of them when it comes to financial.This might not be a sparking news to others but for some when it comes to fundamentals this one is
considered to be good.Demands will vary and it will depend on how open minded they can be when it comes to crypto but since its already being considered then they are
really heading that way.

cassavachips

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Very good news, but Ethereum still needs some time, development and better market conditions to return. Good news will not always affect the price but still benefit the community

peter0425

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Quote from: DU18 on August 30, 2019, 12:13:38 PM

Quote from: caffu chino on August 30, 2019, 11:56:54 AM

Even though this is good news, I don't think it will have a big impact on ethereum prices. with this news possible for Muslims, ethereum is considered halal. but for those on the trader, ethereum is still in the red zone and it's not good to buy.

If it is really like what is published of course this is very good news for Muslims like us, because, in the last few months it often happens between halal and forbidden laws against altcoin both ethereum and others, I hope with news like this, it will reduce the negative assessment by lay people who often asses' crypto in Islamic forbidden.

This is what we need to hear now,the reaction of Muslim community here in crypto because for all people they are the one who’s affected and will decide in which is right to do
To add investments since declared as legal and Religiously accepted .
And your right mate there are some law issues lately and clarification from the higher ups will bring another fortune for them and crypt as well

Oceat

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This kind of news doesn't make ETH grow, even if this was being published Muslims around the world had been using it because ETH is not owned by a single country. This is the difference between cryptocurrency and fiat, seeing such differences already is a sign already on how useful cryptocurrency in most of the people.

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Quote from: Kang TB on August 29, 2019, 10:32:02 PM

Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demand

i hope this news will be good for eth price, and make the price grow more than $200 again

Even before this was being published,Muslims in crypto had already using and investing in crypto and not because this was considered as “Halal”it will have impact because the people that may consider this declaration are the Muslims that already operating here

But not unless these will be appreciated by many Muslims worldwide and may present to their family and friends [as it was already considered as halal)then the impact will be indeed favorable to ethereum and its holders

DU18

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Quote from: caffu chino on August 30, 2019, 11:56:54 AM

Even though this is good news, I don't think it will have a big impact on ethereum prices. with this news possible for Muslims, ethereum is considered halal. but for those on the trader, ethereum is still in the red zone and it's not good to buy.

If it is really like what is published of course this is very good news for Muslims like us, because, in the last few months it often happens between halal and forbidden laws against altcoin both ethereum and others, I hope with news like this, it will reduce the negative assessment by lay people who often asses' crypto in Islamic forbidden.

caffu chino

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Even though this is good news, I don't think it will have a big impact on ethereum prices. with this news possible for Muslims, ethereum is considered halal. but for those on the trader, ethereum is still in the red zone and it's not good to buy.

Cherylstar86

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Quote from: styca on August 30, 2019, 01:00:57 AM

I don't think it will have much effect on price, but I do think this is good news because it provides further evidence that ETH (and crypto in general) is gaining some traction in the external world. Really for me any news about crypto being assessed by external bodies counts as positive news on the long road to mainstream adoption.

If positive news could attract more new holders, that's always a good potential to consider. Demands for ethereum is very important factor in order that mainstream adoption could take place, so that it could initiate a further growth and continuous increase will gradually have trending spikes.

palle11

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Quote from: tabas on August 30, 2019, 01:45:54 AM

I'm not well educated about the law of the Muslims but if that means permission for them, I guess those Muslim investors that were skeptic before with ethereum or with cryptocurrencies because of that law can now have a peaceful mind and can start pursuing ethereum or crypto investing.
It's not about the price for me but it's about the possible adoption that it can bring.

This is also my take. I have barely heard of Muslims talking about crypto and I think this is going to be positive for etheruem and cryptocurrency in generally. It is likely that Muslim faith will have that leverage to begin to adopt and buy into it.

JeffBrad12

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that will not give a huge impact on the price of ethereum. ICO is the main factor of ethereum has been losing a lot of its demand and im thinking about the declaration of ethereum being halal will not give a lot of pressure to the market.
In fact, the demand from ico is the main factor in 2017 that was pushed the price of ethereum to the 1k dollars for each ethereum.
At that year (2017) ICO was giving a huge demand to the ethereum just like million ethereums got drowned to from the market to participate in the EOS sale.

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Quote from: styca on August 30, 2019, 01:00:57 AM

I don't think it will have much effect on price, but I do think this is good news because it provides further evidence that ETH (and crypto in general) is gaining some traction in the external world. Really for me any news about crypto being assessed by external bodies counts as positive news on the long road to mainstream adoption.

Most of the outside news is of interest to the public and this is what has caused the crypto community to have grown rapidly in recent times. In my opinion the investment needs to be considered carefully because at this time a lot of big coins are in big correction and ETH is also among the coins with a big drop in August. I personally encourage everyone to choose a safe solution for investing and if you trust this market, consider investing in ETH because the current price is very cheap.

jaocoincrypto18

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I have already read a lot of news regarding Islam is supporting Crypto but it doesn't end with good news of prosperity result. Is just like what is the difference between the number of Muslim against the number of Christians that supporting cryptos? For me its still the same as Ethereum platform was already supported by majority of the Altcoins but still Ethereum market is still in difficult. Anyway, this news is better than spreading FUD in which it will just make the Crypto market to become more unhealthy.

vixcious

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Quote from: Kang TB on August 29, 2019, 10:32:02 PM

Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demand

i hope this news will be good for eth price, and make the price grow more than $200 again

This is just a small organization and there is a small need for buying ETH, it does not even contribute too much in the volume of ETH.
we are currently waiting for vitalik's ETH 2.0 in 2020. hope he will talk about this in a positive way soon, its price will rise sharply.

rezakurnia66

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News like this should be widely disseminated. So there will be a lot of people who know and hope to add investors to re-invest in Ethereum. If you look at the market conditions now the price of Bitcoin seems stable in a few weeks. This could be a good opportunity for Ethereum back pumping.

Ethereum has great potential and should be utilized by developers. Developers should be more actively providing information about Ethereum. Especially for positive news, so people also know that this coin continues to be active.

Jating

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This is a good news indeed but I don't see that will give Ethereum a big boost. It has suffered a lot this year and I'm not seeing any catalyst, except perhaps for version 2.0 that can bring some needed relieved on ethereum.

Quote from: perla on August 30, 2019, 03:09:09 AM

Maybe any news especially good news must be appreciated. Usually although not much, it can help to increase price of the coin. Maybe if ETH declared as "halal" coin, means people who not really agree with crypto because doubt if it is good or not or maybe people who think crypto is gambling scheme can know if cryptocurrency itself is almost same with other currencies. Only in digital way.

Of course anyone can appreciate this news specially for our Muslim brothers out there who are also into crypto. But to stimulate the market? I think for ethereum to really go back, it needed bitcoin market to flourish first and then ride on its bull run next year.

perla

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Maybe any news especially good news must be appreciated. Usually although not much, it can help to increase price of the coin. Maybe if ETH declared as "halal" coin, means people who not really agree with crypto because doubt if it is good or not or maybe people who think crypto is gambling scheme can know if cryptocurrency itself is almost same with other currencies. Only in digital way.

Ucy

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Excerpt from the article:

Quote

Ethereum's compliance with Sharia law has been contemplated for some time. Virgil Griffith, an American programmer and head of special products at the Ethereum Foundation, first examined the question in October 2017. Now, a white paper from Oman-based
Amanie Islamic Finance & Shariah Advisor highlights that Ether does indeed adhere to Sharia law, as first
reported on by Decrypt

But how does Ethereum adhere to Sharia law? The cryptocurrency is permissionless as far as I can tell. Different beliefs and ideologies can nest successfully on the Blockchain

Quote

Instead, Ether represents a “utility token” and functions as a currency that powers , Amanie argued. Thus, owning ETH is halal.

It this why it is considered halal?

tabas

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I'm not well educated about the law of the Muslims but if that means permission for them, I guess those Muslim investors that were skeptic before with ethereum or with cryptocurrencies because of that law can now have a peaceful mind and can start pursuing ethereum or crypto investing.
It's not about the price for me but it's about the possible adoption that it can bring.

styca

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I don't think it will have much effect on price, but I do think this is good news because it provides further evidence that ETH (and crypto in general) is gaining some traction in the external world. Really for me any news about crypto being assessed by external bodies counts as positive news on the long road to mainstream adoption.

HellDiverUK

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Quote from: Kang TB on August 29, 2019, 10:32:02 PM

Prominent Muslim scholars and financial advisors released a white paper declaring Ethereum “halal,” or permissible, according to Islamic Sharia law. The clarity for Muslim purchasers may stimulate additional demand for Ether.
source :
https://cryptoslate.com/ethereum-halal-muslim-scholars-eth-demand

i hope this news will be good for eth price, and make the price grow more than $200 again

I don't think this will have much effect on the price of ethereum, halal certification in Islam in certain countries is only recognized & legalized by Islamic Council , because there are many opinions about cryptocurrency according to shariah experts and the council opinion is final.

Topic: demands on Ethereum - page 4. (Read 777 times)