Topic: Ethereum Becoming a Store of Value - page 2. (Read 662 times)
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.
Yes, it is true. Ethereum only has one problem or problem, but that problem is very fatal with the Ethereum Platform, because the problems that ethereum now have will make a lot of people complain, and this will have an impact on ethereum's future which will make ethereum even less desirable in the coming years.
Obviously, there have been many people or Ethereum users who have complained about the problem of the still very high fees on the ERC20 network, but everyone should be patient with this and for the time being everyone can also use other networks or other cheaper platforms, because there are those said that the cost of Ethereum will be back cheap and normal in July to August this year, so let's wait for this and hopefully it will be correct. yes, maybe when ethereum prices have gone down and the transaction costs have also dropped, that will definitely happen. Of course everyone hopes that the transaction costs will not exceed the limit or be very high
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.
Probably yes, as we know the transaction fees are getting high on Ethereum network so there will be definitely lots of people who will find potentials in eth and take it as a store of value but if the developers of ethereum network could able to do some effective improvements to fix the high gas fees problem then I wouldn't consider eth as a store of value coin.
The reason I am not so sure about this is that bitcoin is already becoming a store of value and it is way ahead of ethereum on that aspect, so why would the same market need yet another store of value? If ethereum is going to try to compete against bitcoin on that aspect I do not see it winning the fight, the ethereum developers need to concentrate on what makes ethereum more useful than bitcoin, and without a doubt that is its smart contract characteristics which are easier to implement that in bitcoin. 
Yes, it is true. Ethereum only has one problem or problem, but that problem is very fatal with the Ethereum Platform, because the problems that ethereum now have will make a lot of people complain, and this will have an impact on ethereum's future which will make ethereum even less desirable in the coming years.
Obviously, there have been many people or Ethereum users who have complained about the problem of the still very high fees on the ERC20 network, but everyone should be patient with this and for the time being everyone can also use other networks or other cheaper platforms, because there are those said that the cost of Ethereum will be back cheap and normal in July to August this year, so let's wait for this and hopefully it will be correct. 
I think many things could happen with Ethereum within 2021 and 2022, so I am still hopeful that I can use my Ethereum as sort of currency rather than store it and wait for the bull which might not happen in 5 years time. But right now as you can see with the price of Ethereum also becoming very high, we saw that it is also becoming an asset now like Bitcoin. Many buy Ethereum and store it and not do anything with it. I mean you can do many things with your ETH on Binance and the other Fintech but that's about it. Let's hope for more developments and we can see new chapters forming for ETH.
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?
I think it’s heading towards the direction of becoming just that, a store of value, with the way things are now. The fees are very high just like Bitcoin has been for sometime now, although I still feel that it’s just because of the bullish trends and when it is over ,they are all going to be reduced in fees and another possible reason the fees are very high now is because of how congested the network can be at times like this.Do you think Ethereum has potential to become store of value? Why or why not?
This time around a lot of people are avoiding making transactions with Bitcoin and Ethereum because of these high fees, mostly those that are making small transactions, imagine a transaction of 50 dollars and you still have to pay a fee that is very close to that lol, so a lot of people are avoiding that. Everyone is switching to a lot of other altcoins that are letting them do micro transactions without heavy fees that will crack their pockets.
In my opinion, not only ethereum can do that, Bnb or other altcoins can also be a store of value as intended in the video. However, I'm not sure about ethereum because ethereum still has a lot of problems right now.
Actually Ethereum doesn't have many problems, only one problem at the moment, which is about transaction fees on the Ethereum platform, besides that Ethereum is still fine and also very well stored in the long run, but for storing value I think it will be a little difficult to be accepted because Ethereum is not a price-stable token even though it is already on many good exchanges. Yes, it is true. Ethereum only has one problem or problem, but that problem is very fatal with the Ethereum Platform, because the problems that ethereum now have will make a lot of people complain, and this will have an impact on ethereum's future which will make ethereum even less desirable in the coming years.
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?
I agree, take a look now the fees for transactions are too high. no one wants to use eth as currency this is a big problem. eth founders should have done something or immediately realized eth 2.0Do you think Ethereum has potential to become store of value? Why or why not?
People will not migrate to the another platform and ethereum believers will always try to use ethereum.
As you can see that some may use this as a store of value but different with others
Probably yes, as we know the transaction fees are getting high on Ethereum network so there will be definitely lots of people who will find potentials in eth and take it as a store of value but if the developers of ethereum network could able to do some effective improvements to fix the high gas fees problem then I wouldn't consider eth as a store of value coin.
With so big fees it not suitable for payments anymore
Yes, it's not currently. But if you saw the news about its solution.Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket
Not only that,,, even without all these solutions incoming there are already more and more people and platform coming up with other solutions like Layer 2 (I know it is off chain but still). I think even before ETH2.0 we will see the problem get less and less.
Remember when people complained about BTC and until today not everyone is on segwit?
I hope so that before the action that shall be made through ETH 2.0, there will be lesser problems but with the bull run, it is increasing the transactions daily and can't wait for that to solve fee problems.
In my opinion, not only ethereum can do that, Bnb or other altcoins can also be a store of value as intended in the video. However, I'm not sure about ethereum because ethereum still has a lot of problems right now.
Actually Ethereum doesn't have many problems, only one problem at the moment, which is about transaction fees on the Ethereum platform, besides that Ethereum is still fine and also very well stored in the long run, but for storing value I think it will be a little difficult to be accepted because Ethereum is not a price-stable token even though it is already on many good exchanges.
In my opinion, not only ethereum can do that, Bnb or other altcoins can also be a store of value as intended in the video. However, I'm not sure about ethereum because ethereum still has a lot of problems right now.
With so big fees it not suitable for payments anymore
Yes, it's not currently. But if you saw the news about its solution.Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket
Not only that,,, even without all these solutions incoming there are already more and more people and platform coming up with other solutions like Layer 2 (I know it is off chain but still). I think even before ETH2.0 we will see the problem get less and less.
Remember when people complained about BTC and until today not everyone is on segwit?
Because of the high fees that hinder investors to make a transaction it is becoming a store of value due to the swinging price that giving a profit especially to long term hodlers.
Eth is a good coin indeed but if we think about the fees, small amount for buying is not enough because it might only cover the gas fee.
Thats why many investors are still hoping that it will get resolved on eth 2.0 upgrade.
Eth is a good coin indeed but if we think about the fees, small amount for buying is not enough because it might only cover the gas fee.
Thats why many investors are still hoping that it will get resolved on eth 2.0 upgrade.
Anything that is legit and has a good support from the community in the crypto space is a good store of value. The price volatility will remain but it will become more stable overtime, ETH is 2nd to bitcoin, the top 10 in the market is a good investment in the long run, hence they are a good store of value, however this is only for investors who understand the risk as the risk is significantly high.
Ethereum is a good coin we all know that however we cannot say that any coin in the top is a good investment, whenever we look at the top 10 on one year you will see many different coins on those spots over the next years, and there have been even some scams that make it that high, and if we take a look at the current top 10 there are many coins I do not like, like the binance coin and ripple for being centralized and tether because it is not even a cryptocurrency but a stable coin. 
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 don't think it will come to that potential in the future, the crazy fee made it so hard to happen becoming store of value. Maybe those days that they still got fair charges, but nowadays I won't wonder for good about what's going on with their system. Hopefully they'll able to fix this matter before expecting for further developments.
With so big fees it not suitable for payments anymore
Yes, it's not currently. But if you saw the news about its solution.Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket
Based on eth's chains performance which is seriously bad with absurd fees, it should not have the market dominance it has now, it should have been overtaken by its competittors with better working block chain but it is still there in the second place, which shows that it is becoming a store of value.
Im not sure about that but remember about the majority of coins didn't wanna migrate to another chain consider they must start it again from 0% progress. Remember about the majority of so many liquidities that being locked on ethereum platform dude. I meant the demand is still getting centralized into the ethereum and it's so difficult to make people go to another platform when they have been feeling confident with ethereum. So many people are also earning passive income through participating in the staking.
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?
Eth is best coin next to bitcoin and it was deemed to happen. People are investing in both BTC and Eth, thats why we see increase in price and volume to Eth. Since Bitcoin is also used as store of value, same is happening with Eth.
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