Ethereum Merge: The most anticipated upgrade on Ethereum blockchain - page 2.

justdimin

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Quote from: onecall123 on July 30, 2022, 02:20:41 AM

Yes, it's great. I've been waiting for this upgrade for a long time. It's coming up in early August: the Goerli testnet merge. As soon as that is completed, the only thing left to merge is Mainnet on September 19th. It's time to get started. I am not sure if anyone noticed the ETH gas fees, which are pretty low at the moment. It's been a long time since I last saw ETH gas at such a low price! Anyway, the only thing I'm waiting for is when the merge will be complete.

Many people are actually waiting for this because they thought that this can also fix the problem in the eth fees. Another thing which excites us is that the previous upgrades are always being postponed or delayed but I hope that this one if for real now. The month of July is now ending already, so that means that the first phase of the upgrade are now going to start next week or so. Oh yeah, that's nice.

Thinks OP, this is the cause of the bull in crypto. That cant be. I don't think anything related to eth or other coins can contribute in the overall market but only bitcoin has the ability to do that. Btc showed an increase first last day, and that was the real one that makes the market a little bullish.

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Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

Will Ethereum sustain its current bullish trend during and after this merge?

After the merge? Well, it's the typical market after that and the same volatility it will get then. Bullish as we get whenever there are news like merging updates and it seems that it will be successful.

We're seeing the rise on the other side which is for ETC.

And for ETH, I think it's not about sustaining the current trend but being stable afterwards. It's still too early to tell and we just have to enjoy the ride wherever it is leading after the update.

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Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

-snip-

Will Ethereum sustain its current bullish trend during and after this merge?

I am more than confident that it will not continue after the merge happens. We have seen events like this multiple times. What is going to happen is that everyone will be hype for the upcoming upgrades and merges. They will all start investing hoping that the price will go up. Some people will FOMO, this will cause the price to be more bullish, once the merge happens, we will see the same trend for few days, and then the hype will drop, things will normalize, correction will take place and the price will drop back to where it should be.

onecall123

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Yes, it's great. I've been waiting for this upgrade for a long time. It's coming up in early August: the Goerli testnet merge. As soon as that is completed, the only thing left to merge is Mainnet on September 19th. It's time to get started. I am not sure if anyone noticed the ETH gas fees, which are pretty low at the moment. It's been a long time since I last saw ETH gas at such a low price! Anyway, the only thing I'm waiting for is when the merge will be complete.

inanilujimi

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No one knows for sure what will happen, but I am personally optimistic that ETH could hit ATH again in the near future after the merger.
It's time for ETH to make the market bullish again, even though there are a lot of FUD currently circulating, especially with the current economic recession.

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Quote from: Yogee on July 29, 2022, 05:59:21 PM

What goes up will eventually come down. Do not be too excited with what's happening because of the merge since the global economy has not recovered yet. US officials are denying they are in recession but the numbers do not lie. Take your profit if you're playing with ETH and brace yourself for what's going to happen in the coming months.

it is clear that nothing is impossible in the world of cryptocurrencies and surely all crypto assets will experience a significant increase or decrease in price.

by buying a lot of crypto assets like Ethereum when there is no price movement means in the hope that later the price will rise even higher.
the more people who buy Ethereum, the price of the cryptocurrency will be higher and this affects other people to buy Ethereum, and vice versa if the price of Ethereum has almost touched the highest price, many people will try to make a profit by selling it.
if more and more people sell Ethereum, the price of the cryptocurrency will also fall.

cryptomaniac_xxx

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Quote from: bittraffic on July 29, 2022, 08:22:05 PM

Raoul Pal is very bullish on ETH merge saying ETH will flip BTC after it. Although it may not be possible, a lot of people are going to be bullish, of course, ETH holders are also hyping it for a long time. If this is really the cause of this buying frenzy, it's time to also hold ETH.

Could this also be the reason why ETC is rising up? Miners must be moving to this token.

Everyone is bullish on ETH right now because of this anticipated merge, so who knows, maybe we can see a good surge in price. However, someone mentioned about the Flippening again, I doubt that it will happen. Bitcoin will still remain on top of the food chain and ETH is still going to be in the second place.

However, the effect of this might not last that long, maybe ETH can move past $2k again or even $3k. But I'm not expecting a huge rally to established a new all time high, not in the current state of the world today.

Dave1

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Quote from: cryptoaddictchie on July 29, 2022, 10:50:58 AM

Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

Will Ethereum sustain its current bullish trend during and after this merge?

No one can say for sure. Some in favor and some arent. Its gonna leave the miners to shift to something to mine after the merge. We should worry what those big mining firms on eth will do, they are gonna do staking of their asset or shift to other asset to mine. For sure this is gonna be a wild year when the merge happened. Some coins might move forward or eth completely dominates the entire crypto or able to get closer to btc.

It could be, but not in the long term, we have to factor in that we are still the bearish cycle, so it's hard to see any coin that will have a massive rally, even ETH itself, even if there is such hype on it's upgrade. And then we all know that everything hinges on BTC. If BTC is down and so other crypto's are, as they are all correlated on the price of BTC.

Nevertheless, I do hope that this upgrade will be smooth, and of course solved the current issue on the high gas fees. Although recently it has started to go down to a level that we all can manage to pay.

bittraffic

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Raoul Pal is very bullish on ETH merge saying ETH will flip BTC after it. Although it may not be possible, a lot of people are going to be bullish, of course, ETH holders are also hyping it for a long time. If this is really the cause of this buying frenzy, it's time to also hold ETH.

Could this also be the reason why ETC is rising up? Miners must be moving to this token.

Tony116

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Quote from: JeromeTash on July 29, 2022, 04:52:00 PM

Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

increase sustainability and security within the blockchain as the proof-of-stake mechanism will be the order of the day as it fades off "proof-of-work" system.

Maybe I am missing something.
How does proof of stake increase security of the Ethereum blockchain as compared to the proof of work, which has pretty much been solid since the inception of the network?

Proof of Stake, this is ominous and disagrees with some naysayers. I'm also excited and looking forward to the upcoming upgrade, but after reading some docs, I'm also starting to worry about the decentralization of ETH going away when it's fully migrated to POS. We still can't conclude anything, still waiting for feedback from the community and whether Vitalik Buterin has any plans for that. ETH is different from the rest of altcoins because of its decentralization, once it loses decentralization I think I will stop using it too.

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Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

Will Ethereum sustain its current bullish trend during and after this merge?

It will. The merge will be something big. The ethereum merged announcement has been making so many miners are looking for an alternative way for that and they were going to the ethereum classic. The fact that if when you are aware if these days ethereum merged has been creating a good hype around the ethereum holders. The bullish trend will be even bigger once the blockchain will be moving to the POW. The supply will be decrease and there would be a reward for the stakers as well.
Ethereum classic will be flooded by so many miners. Some rumours about the new hardfork was coming about that.

Yogee

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What goes up will eventually come down. Do not be too excited with what's happening because of the merge since the global economy has not recovered yet. US officials are denying they are in recession but the numbers do not lie. Take your profit if you're playing with ETH and brace yourself for what's going to happen in the coming months.

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Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

increase sustainability and security within the blockchain as the proof-of-stake mechanism will be the order of the day as it fades off "proof-of-work" system.

Maybe I am missing something.
How does proof of stake increase security of the Ethereum blockchain as compared to the proof of work, which has pretty much been solid since the inception of the network?

Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

Will Ethereum sustain its current bullish trend during and after this merge?

the pump is clearly because of the merge. After the merge, things will normalize.

cryptoaddictchie

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Quote from: EarnOnVictor on July 29, 2022, 10:09:46 AM

Will Ethereum sustain its current bullish trend during and after this merge?

No one can say for sure. Some in favor and some arent. Its gonna leave the miners to shift to something to mine after the merge. We should worry what those big mining firms on eth will do, they are gonna do staking of their asset or shift to other asset to mine. For sure this is gonna be a wild year when the merge happened. Some coins might move forward or eth completely dominates the entire crypto or able to get closer to btc.

EarnOnVictor

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Social media has been awash by the next 5 upgrades expected on the Ethereum blockchain and it is no more news that it is responsible for the current bullish trend in the crypto market. The upgrade will start as early as September according to Tim Beiko who is a foundational member, so the opportunity expected from it is exciting the market and triggering the bullish run.

This is the biggest event for the Ethereum blockchain with the hint by Vitalik Buterin who is a co-founder. The next 5 upgrade phases will make it more efficient and the scalability will be better than before.

Ethereum as the most actively developed blockchain needs regular upgrades and the introduction of Ethereum merge will help to realize this, and will reduce the present energy consumption by over 99%, and increase sustainability and security within the blockchain as the proof-of-stake mechanism will be the order of the day as it fades off "proof-of-work" system.

Will Ethereum sustain its current bullish trend during and after this merge?

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