Ethereum Becoming a Store of Value - page 5.

AmoreJaz

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Quote from: jossiel on March 17, 2021, 06:30:42 PM

Quote from: NatureMoves on March 17, 2021, 11:59:06 AM

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.

i have high hopes eth team will resolve this gas efficiency problem. i dont think they are sleeping on this prob. now, they will see that a lot of projects are now being built under BSC network. so if they will not resolve their gas issues, they will lose a lot of projects also as several of them already swapped to BEP20.
so right now, it is really not smart to sell your eth, they have high potential to increase its value in the next coming months. next month, we will see the impact of this so-called berlin hard fork. will it make a difference for eth?

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Quote from: NatureMoves on March 17, 2021, 11:59:06 AM

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.

MoneyJ

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Ethereum, in my opinion, is way better than bitcoin in terms of use cases for real world computing. The whole ecosystem is a complete package,. from creation of currency to forming logics between and coming up a new ideas or ecosystem that disrupts blockchain industry.

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Quote from: NatureMoves on March 17, 2021, 11:59:06 AM

Do you think Ethereum has potential to become store of value? Why or why not?

It could very well be, with how Ethereum's price continues to appreciate along with Bitcoin, $1,785 as at the time of posting this, sooner rather than later, as eth price appreciates to around 5k plus down the years, people's belief of the ethereum network will wax stronger causing them to buy and hold with the assurance that even after a plunge or correction, it'll bounce back/appreciate again, which will make it more of just a store of value or an investment.

But having said that, like I've said a couple of times about the Bitcoin network, it doesn't really matter how people use the eth network, there could be a myriad of purposes and they all work for the good of the network, a store of value, a currency, whats pertinent is the growth of the eth network and it's community of investors.

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Quote from: NatureMoves on March 17, 2021, 11:59:06 AM

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?

If I leave all other aspects, considering the insane network fees, ETH is really becoming an investment asset (or store of value) rather than a currency. If it doesn't get resolved, ETH will have Similar fate as of bitcoin because bitcoin is now considered more as an investment rather than a currency.

Hopefully Vitalik will fast track the ETH 2.0 to resolve this matter shortly. Because people who transct regularly using ETH, will move to a different coin just to save this exorbitant fees!

NatureMoves

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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?

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