What is/are maybe the reasons for becoming a store of value?
I think what people must say the reason is "as long as the asset goes up only, it can consider a store of value".
It is also what I think, just like Bitcoin. But Bitcoin is different, it is kinda made just to up only, since of the total supply, the mining rewards, and block halving event of it.
Topic: Ethereum Becoming a Store of Value - page 4. (Read 677 times)
legendary
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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?
Well, just like some other members have said, Ethereum becoming a store of value is due to the enormous cost of transacting on the network, people are getting tired of paying the exorbitant fees which means that if the situation is not addressed, people will treat Ethereum the same way bitcoin is treated, people will buy Ethereum and keep it as an investment rather than buy to spend on gas payment, so this is what I think, if the issue of high gas cost is not addressed soon, then the youtuber will be absolutely right, Ethereum will definitely become a store of value rather than a currency for daily transactions. Do you think Ethereum has potential to become store of value? Why or why not?
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?
It seems that it is not suitable for Ethereum to be used as a store of value because the price is still unstable from year to year, but if the price can be very stable in the future, then it is definitely possible, because Ethereum is also a token that always has value in the market. Do you think Ethereum has potential to become store of value? Why or why not?
Any promising can be considered as a store of value but that depends on the intention from the users whether they wanna use it as store of value or not. Remember about the fact that so many people are not able using ethereum right now due to the non sense fees. that makes ethereum used it as long term investment especially for the little shrimp.
That being said if crypto has so many advantage and one of these advantage just like used it to be store of value.
That being said if crypto has so many advantage and one of these advantage just like used it to be store of value.
legendary
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It already is, so many institutional investors have been rumoured to buy eth in bulk and holding it for long and its price has been increasing ever since meaning it qualifies as a store of value. The price might fluctuates like a lot but if you see it from the perspective of a holder who only see price growth within certain period like for example a year, the price keep increasing and not dumping.
From how I traded back in my days, it seems to lean at that part already, OP.
I don't see plenty of merchants accepting Ethereum for their businesses, but instead it gets used as a smart contract for some.
Many are now mentioning about the whopping price of the gas fee lately and I believe that's not favorable for the utilization of it for a casual transaction.
I don't see plenty of merchants accepting Ethereum for their businesses, but instead it gets used as a smart contract for some.
Many are now mentioning about the whopping price of the gas fee lately and I believe that's not favorable for the utilization of it for a casual transaction.
Do you think Ethereum has potential to become store of value? Why or why not?
Whenever a coin reaches a point which has a transaction charge which is unreasonable for a normal investor do we start calling them a store of value 
. You can point certain properties as a store of value but the one function that it fails miserably as a store of value is the N number of coins in existence as there is no limit for the amount of coins that can be minted so it negates that entirely. 
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.
The fees make it impossible to be used as a transaction coin. It's just so expensive now, knowing that you wouldn't want to transact anymore. Knowing that Mark has a technological background, he will indeed have a say on it, and being a rich person means he will not invest in ETH if he doesn't understand it. So I believe in what he said in the video and he seems to be prepared with how we will answer the questions too. Very thorough.
I think every crypto can be a store of value right?
But the problem with crypto, like Bitcoin and Ethereum is that they work as cycles. And for them to become a store of value, you really have to hold them long term and wait for the price to appreciate overtime.
But then again, as I have said, crypto runs on a pattern, it's a cycle, once it's goes down and went on another bearish phase, the price will obviously goes down, defeating the purpose of being a store of value.
But the problem with crypto, like Bitcoin and Ethereum is that they work as cycles. And for them to become a store of value, you really have to hold them long term and wait for the price to appreciate overtime.
But then again, as I have said, crypto runs on a pattern, it's a cycle, once it's goes down and went on another bearish phase, the price will obviously goes down, defeating the purpose of being a store of value.
Do you think Ethereum has potential to become store of value? Why or why not?
It is not true when crypto market turns the trend from bullish to bearish. People will shake their hands and switch to bitcoin or stable coins. DeFi projects will die and Decentralize Finance's pools are one of biggest places that people are currently stored and locked their ETH inside.The phase of Proof of Stake with Ethereum 2.0 can attract people and convince them to lock their ETH for a while to enjoy staking and get staking rewards. If you got experience with Proof of Stake coins in 2017 or 2018, you will know that lock is not forever and people can decide to stop staking and shaking hands anytime.
I don't agree to call Ethereum as a coin for value storage.
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?
There is thing called as "Charisma" of something. This something is bitcoin here and nothing else. Bitcoin has surpassed the charm of excellency, where people are giving more priority to it rather than any other coins. ETH, agreed, going all boom these days but becoming an store value seems to be impossible. Unlimited supply is major factor for this. When you have unlimited stuff you can't guarantee its value will remain the same in the future. Huge supply can crash the ETH over the time.
With the time BTC supply will be going down by many folds as compared to the ETH. In this race BTC's price will keep going upwards without failing. Then everyone will sell their ETH for the BTC for sure. The equation does not fit right, the preference would be for BTC only.
Now these are my thoughts, you may argue on this.
Do you think Ethereum has potential to become store of value? Why or why not?
Yes. It's becoming into that point because people wouldn't want to sell it because of the fees. By looking the past prices of it, this can be said that it's one of the good store of value that we have.
But I agree that if the ETH devs won't find a way to solve the current problems that we're dealing with about high fees, it's classification of being a store of value would be gone gradually.
Eth has been a storage value. I think ethereum has long been a coin exchange, but hopefully the parties at which eth can make up for the cost of the current gas, and I hope that, in fact, eth isa model of all current altcoin, and most of the great deal of the deal in its. although bitcoin continues to grow The quick fall will likely be more people who believe in it as storage value. yes, because eth gets told top coin crypto and most likely will be more people invested in it
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?
Yes, Ethereum can be a store of value, but this is only for long-term investors. Ethereum and all cryptocurrencies have very volatile price movements, so don't buy at high prices and sell low prices. only long-term investors can hold assets for a long time. Do you think Ethereum has potential to become store of value? Why or why not?
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?
Hard to say at this point, but as the price soars, it might be potential to become a store of value like BTC.
However, there still aspects of ETH, like Dapps and smart contracts, so still they are being used by projects so how it you call it store of value then? In any case, the definition of "store of value" in crypto is still in the gray area, IMHO. So it's debatable.
Its true that the majority of the transactions are happening on the Ether network even when the fees are too much to bear and the newcomers in crypto are keener to buy Eth than Bitcoin because they still can afford as well so yes they put their money on to ETH. This is Mark Cuban, he could have been hyping it after all he holds more ETHthan BTC as he claimed but all currency though can be a store of value, even Doge.
Ethereum has many great use today to be honest but i also do hope they can do something about the huge gas fees. But the fact that it can be a store value as of today slowly been seen and been compared with bitcoin because of its good progress.
Although eth is more on tech side, investors are seeing eth as a good value coin with increasing innovation inside their blockchain network. And as I see it now, ethereum is way better to become store value with its smart contract features.
Although eth is more on tech side, investors are seeing eth as a good value coin with increasing innovation inside their blockchain network. And as I see it now, ethereum is way better to become store value with its smart contract features.
Bitcoin as store of value and we already have it, the use of ethereum is the smart contract its offer to us. And when the transaction of smart contract taking an insane gas fees it will make ethereum has no use case, especially there are a lot of network with advance feature then eth. We can use cardano, bsc or maybe latter we will see flare in this category. Ethereum is not designed for store of value.
Do you think Ethereum has potential to become store of value? Why or why not?
I do and why?
Because ethereum will have maximum cap and it will make there will be a limitation for the total supply of ethereum
and why not? this time ethereum is still using infinite supply and that means if ethereum is not reliable to be used as a store of value right now consider it has no limitation on its total supply.
The total supply will be determined when the next update will be successfully implemented.
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