Topic: Ethereum Becoming a Store of Value (Read 677 times)
The situation today is heading towards pushing ethereum to make it store value. Many projects are now moving towards binance chain and some existing projects are no exceptions to it. Its really now point where the solution is required to lower the transaction fees.
I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg
Do you think Ethereum has potential to become store of value? Why or why not?
In my opinion, there is no need to strive to ensure that ethereum mainly acts as a store of value, as Bitcoin does now. The main purpose of a decentralized cryptocurrency is to be an alternative means of payment to the current payment system. However, any type of money includes all functions, including a store of value and value. But the function of the means of payment must be decisive.Do you think Ethereum has potential to become store of value? Why or why not?
I don't think there is a real threat for ethereum to become like Bitcoin. Thousands of tokens have been created on the ethereum platform, the movement of which requires payment with this coin. Therefore, there will always be an ethereum movement.
At the moment, I do not think that they can get something good in fact,but after the release of Ethereum 2.0, I am sure that everything can become possible.
Ethereum 2.0 should be released next year, so we are waiting for the announcement and Ethereum will be able to implement many cool ideas.
ETH 2.0 is nowhere yet to be found, there are no updates and release when it will possibly be but there is a need for improvement for ETH transaction performance due to bulk users imthat uses it, I still hold some of my eth since there are times that the prices moves too hight or sometimes the movement is still pretty good to trade, there are more improvements for ETH that if solved can take its price to a much more level. Ethereum 2.0 should be released next year, so we are waiting for the announcement and Ethereum will be able to implement many cool ideas.
Its funny if ethereum will become store of value, ethereum from its first creation is for helping bitcoin with its smart contract so we can build dapps and many aplication for financial instrument so we can replace the old financial system. Bitcoin will be store of value and ethereum become its supporter.
This is why it is not going to happen, the purpose of ethereum is something completely different than the purpose of bitcoin, bitcoin is supposed to become a form of money that is not controlled by banks or governments and to be a store of value, ethereum on the other hand has always been about smart contracts, and while smart contracts can be made in the bitcoin network they are way more difficult to implement than what we see in ethereum so that should be its focus area instead of becoming a store of value. 
Agree. That's why I have depending on both Ethereum and Bitcoin nowadays. I'm not selling ever, just going to buy back in and HODL to 5K, and hopefully the cycles continues. Market manipulation happening right now, not tempted over it. Stay strong.
To be honest I couldn't save for a long time even though I didn't really need the money. because in crypto I only divert my money from crypto assets to other assets.
when at the pump of course I had sold it for the profit that I had planned. and I'll look for other assets while waiting for him to come back downstairs.
but if there is a higher increase in the next quarter or the following year it will not make me regret it.
For one to be a long time holder, he needs to invest massively to the coin first. You need to put thousands of dollars to make your investment count. I have seen those who invest with low amounts and were disappointed that they don't have much money to use for their investment. Well that is understandable considering that not everybody that does crypto are rich and monied people. Many here are also common folk, trying to get a slice of the action. Even how little their profits would be.
Agree. That's why I have depending on both Ethereum and Bitcoin nowadays. I'm not selling ever, just going to buy back in and HODL to 5K, and hopefully the cycles continues. Market manipulation happening right now, not tempted over it. Stay strong.
To be honest I couldn't save for a long time even though I didn't really need the money. because in crypto I only divert my money from crypto assets to other assets.
when at the pump of course I had sold it for the profit that I had planned. and I'll look for other assets while waiting for him to come back downstairs.
but if there is a higher increase in the next quarter or the following year it will not make me regret it.
I don't think it has the same characteristics as bitcoin to do it, I think ethereum for what it offers should be worth much more than bitcoin and maybe in the future it will.
therefore it is not born as a store of value but will definitely be destined to increase its value.
therefore it is not born as a store of value but will definitely be destined to increase its value.
I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg
Do you think Ethereum has potential to become store of value? Why or why not?
Do you think Ethereum has potential to become store of value? Why or why not?
I think so, because the gas fee of Ethereum which is too high. So, Ethereum is a store of value or just an investment and not a currency. People now always find other coins with small transaction fee in order to withdraw and lessen the gas fee if they use ETH. Even me I rather use XRP for withdrawal transaction or AVA coin to prevent a large amount of transaction fee.
At the moment, I do not think that they can get something good in fact,but after the release of Ethereum 2.0, I am sure that everything can become possible.
Ethereum 2.0 should be released next year, so we are waiting for the announcement and Ethereum will be able to implement many cool ideas.
Ethereum 2.0 should be released next year, so we are waiting for the announcement and Ethereum will be able to implement many cool ideas.
Its funny if ethereum will become store of value, ethereum from its first creation is for helping bitcoin with its smart contract so we can build dapps and many aplication for financial instrument so we can replace the old financial system. Bitcoin will be store of value and ethereum become its supporter.
In my opinion, considering the current insane costs of the ETH network, Ethereum has the potential to become a store of value asset because people don't want to sell it due to high transaction fees. therefore I hope the developer can find a way to speed up solving this problem.
That is the concern of many Ethereum supporters as well, many have switched to other coins for their transfer needs. But many are still supporting Ethereum because they see that there is still an active development on the said cryptocurrency. Once Ethereum 2.0 will be developed then I think there would be no stopping for Ethereum to be used again and be able to get a massive supportbase, that would drive the price of Ethereum much higher.
And you need to add a little bit of patience as volatility really a pain in the ass while you are inside this industry.
It's your call whatever you choose, any trading style will work as long as you really understand the market, ETH have lots of promising
progress with upcoming updates, it's you to choose whether to go with the short ride or wait and maximize your profits,.
Make your assessment and take your call.
Patience is only worthy if you choose a lively cryptocurrency to invest. If you choose a dead or scam cryptocurrency for your investment, it will result in a dead call. Your portfolio will be halved many times with multiple dumps. Finally, you will end with zero money in your balance.It's your call whatever you choose, any trading style will work as long as you really understand the market, ETH have lots of promising
progress with upcoming updates, it's you to choose whether to go with the short ride or wait and maximize your profits,.
Make your assessment and take your call.
Lively projects are ones that have updates, activities of developments that can be checked on Github. If developers or teams are inactively in bear market and now don't show any signal to come back, dead projects are verified.
If a new project does not have any update or activity in Github weeks after the release, you can strike them out from your watch list.
Top cryptocurrencies are safer for newbies. They can not get profit but in minimum, they won't lose all their capital for investment in top coins.
It is not a store of value, probably you can consider investing on the short term or long term but there is no assurance that prices are not going o fall from the value when you invested that is how cryptocurrency works.
And you need to add a little bit of patience as volatility really a pain in the ass while you are inside this industry.
It's your call whatever you choose, any trading style will work as long as you really understand the market, ETH have lots of promising
progress with upcoming updates, it's you to choose whether to go with the short ride or wait and maximize your profits,.
Make your assessment and take your call.
In my opinion, considering the current insane costs of the ETH network, Ethereum has the potential to become a store of value asset because people don't want to sell it due to high transaction fees. therefore I hope the developer can find a way to speed up solving this problem.
That has no relationship at all when it comes to ethereum becoming a store of value, believe me if people thought that ethereum was no longer worth their time then they are going to sell their coins no matter how high the fees are, the biggest problem for ethereum to become a store of value has to do with the fact that bitcoin is store value, why settle for second best when you can get bitcoin? Some people could do it of course but the majority are going to choose the best option available to them and that is bitcoin.
It is not a store of value, probably you can consider investing on the short term or long term but there is no assurance that prices are not going o fall from the value when you invested that is how cryptocurrency works.
I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg
Do you think Ethereum has potential to become store of value? Why or why not?
Do you think Ethereum has potential to become store of value? Why or why not?
No, it is not intended as a store of value, simply as a utility token backed up by the network that is able to compute in exchange for a fee. At this point the fee is so high that is not really worth using it.
In the future, the yield of staking will be a market commodity that will be self regulated and open to competition, thus price is unlikely to increase.
I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg
Do you think Ethereum has potential to become store of value? Why or why not?
Do you think Ethereum has potential to become store of value? Why or why not?
Just like bitcoin has become a store of value instead of a currency for your daily shopping i see that the same can happen to ethereum to in the near future because obviously ethereum is the second "biggest" and bet known crypto out there.
But i don't think that this is the vision that vitalik had and has for ethereum. Because of it's smart contract functionality it has a lot of features that can be built upon and ethereum can be much more than just a asset that is stored and never touched in your wallet.
I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg
Do you think Ethereum has potential to become store of value? Why or why not?
Do you think Ethereum has potential to become store of value? Why or why not?
I think only time can tell if that prediction will come true, But for now that Ethereum has many problems that need to be fixed I believe that topic is not appropriate to discuss. By the way, let Ethereum development take place to solve those problems like expensive gas fee network congestion, etc. after all those problems will be settled let's discuss again all of the (sov) potential. just my opinion.
I found a video of Mark Cuban explaining this: https://youtu.be/QEoBeIdwuRg
Do you think Ethereum has potential to become store of value? Why or why not?
Do you think Ethereum has potential to become store of value? Why or why not?
of course yes, because I believe the price of Ethereum will continue to increase and that will make the value of our money will also increase if we invest in Ethereum, so I agree if Ethereum is very good to use as a long term investment, because we will definitely get a big profit from investing in Ethereum and that will make the value of our money will also increase in the future.
In my opinion, considering the current insane costs of the ETH network, Ethereum has the potential to become a store of value asset because people don't want to sell it due to high transaction fees. therefore I hope the developer can find a way to speed up solving this problem.
The transaction cost has nothing to do with the potential of ethereum to be used as a store of value. When people are seeing it as a store of value and then they will not care anymore about how much the transaction fees on ethereum network. The people who used this as a store of value will rarely send their ethereum somewhere. They will prefer to hodl it on their wallet.
The true story is ethereum is not again to be considered as a potential coin for the payment system. The usefulness of ethereum depends on the perspective that already created by the holders itself
it can change at anytime.
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