Topic: So the ETH merge has finally happened (Read 577 times)
Hmmmm the marge already done and hype is gone. People were expecting too big while the price still remain the same or even going to the dip. that means the trend is much more strong compared with ethereum's impact from its update. This gonna be giving you lots of benefit when it comes to the long term adoption. There would be limitation for ethereum that can be bought by people and this is putting the project into the a very good plan for long term.
the rumour of the merge was more effective than the actual merge in term of influencing the value of eth right now it's instead tanking.
moreover it seems there's some correction that ETH have recently, I guess the bullish is still far in the future considering right now eth that could influence other tokens in general is still having a difficulties in retaining its value.
moreover it seems there's some correction that ETH have recently, I guess the bullish is still far in the future considering right now eth that could influence other tokens in general is still having a difficulties in retaining its value.
now there has been an ethereum merge and it is running successfully. but at this time it is not certain what will happen to ethereum after the merging process has been successfully carried out. but there are some observers who say that ethereum did the merger at the wrong time due to the current bad market conditions, so it could make the price of ethereum go down after the merger. but whatever happens to ethereum, in my opinion ethereum is one of the coins that we really deserve to invest in the long term.
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
now there has been an ethereum merge and it is running successfully. but at this time it is not certain what will happen to ethereum after the merging process has been successfully carried out. but there are some observers who say that ethereum did the merger at the wrong time due to the current bad market conditions, so it could make the price of ethereum go down after the merger. but whatever happens to ethereum, in my opinion ethereum is one of the coins that we really deserve to invest in the long term.
now the value of eth is decreasing again, it's even worse since it just already below $20k which means it's breaking its resistance, the only thing that could save eth from tanking further is definitely btc trend.
after all eth still heavily relies in the trend of btc just like other coins in general, it seems even if there's massive event coming from eth like the merge it isn't enough in making the value increase again let alone reaching the all time highs, even though the current value is still better than few years in the past when it just few thousands dollars of price and relatively low market capitalization.
after all eth still heavily relies in the trend of btc just like other coins in general, it seems even if there's massive event coming from eth like the merge it isn't enough in making the value increase again let alone reaching the all time highs, even though the current value is still better than few years in the past when it just few thousands dollars of price and relatively low market capitalization.
today after the merger was announced by vitalik, the price of ETH is going down and there are other things that I hope to go down is the transaction fee of gwei gas which should be cheaper and can be like BNB which focuses on 5 gwei per transaction, ETH is still very high in fees so that may be disappointing me, I can only hope that ETH transaction fees can be much cheaper in the future from this merger, everyone is still careful now to buy it because it could be dumped after the previous ETH price touched $1700 but if investing for the long term takes now is the price right
One of the major issue ethereum merges was targeted at is the issue of mining cost and to eliminate that cost Ethereum have to upgrade to proof of stake which does not require miners to confirm transaction but stake pool to do that and that was aimed at crashing the transaction fees in the ethereum network. But with what I have been reading online ethereum is far from achieving that as the gas fee is still high at the moment.
ETH merge was a success and I think Vitalik should be commended for the effort to ensure things did no go bad as well as his interest to promote a more green environment. However, some of the Ethreum miners will be at loss due to the merge. According to Messari, as contained in CMC (https://coinmarketcap.com/currencies/ethereum-pow/), Ethereum mining industry is worth an estimated $19 billion which will become obsolete with the change to PoS (https://coinmarketcap.com/currencies/ethereum-pow/) Since Ethereum is mined with dedicated GPUs, miners cannot just switch to Bitcoin, which is mined with ASICs. Which means a huge loss on investment. Currently, EthereumPoW ((ETHW) positions itself as “the original Proof of Work Ethereum. The fork is already backed by Poloniex, Justin Sun, founder of Tron, and Chandler Guo, a notable ETH miner. ETHW is already listed in many exchanges (https://coinmarketcap.com/currencies/ethereum-pow/markets/). It is left for us to make our choice.
https://www.coindesk.com/markets/2022/09/22/jpmorgan-sees-concerns-for-ethereum-blockchain-after-the-merge/
JPMorgan Sees Concerns for Ethereum Blockchain After the Merge
"The platform has become less decentralized after the switch to proof-of-stake, the bank said.
JPMorgan spelled some concerns about the Ethereum blockchain following the network's transition to a proof-of-stake (PoS) consensus mechanism, a process that was called the Merge"
JPMorgan Sees Concerns for Ethereum Blockchain After the Merge
"The platform has become less decentralized after the switch to proof-of-stake, the bank said.
JPMorgan spelled some concerns about the Ethereum blockchain following the network's transition to a proof-of-stake (PoS) consensus mechanism, a process that was called the Merge"
I think if the desired price increase will not be instant, everything will be processed. The market will see its development for some time, but in the long term this is a big leap and will have very bright prospects
Too many people expect and believe that ethereum will increase in price after the merger is over and eventually, as always, the market moves in a direction that most people don't expect. There hasn't been any strong dumping but looking at the market it's bleeding slowly. In the short term, I think ethereum will not be able to increase in price.
Yes, market fluctuations and market conditions are not only affected by the Ethereum merge, but many sentiments can affect it. But I believe the prospects for Ethereum are getting better by changing to POS because so many changes are happening and it supports green energy
The rumor that I got was that there would be a massive sale after the merger ended. Then there was an article that said that Ethereum had started to be centralized because it would be controlled by two giant wallets, Coinbase and LIDO. it's true that nothing is obvious after a few days of this merge, but it will really have an impact after a few months or seasons. let's see the changes.
Because of the hype that was created about it ,that why before margin I thought the price of etherium will go up and it will bring a good impact on market . But the result is opposite from my side. And now it looks like Ethereum will drop below 1K.
there should be changes after the merge but nothing seems to happen directly from ethereum. but from this merger, I think we can conclude that the largest shareholders of ethereum are the largest exchanges such as coinbase and Binance as a POS system, of course they will benefit the most.
It has only been five days since the Ethereum merger, and this coin is already losing market share and falling in value faster than Bitcoin. So, over the past week, ethereum has fallen in price by 21 percent, while bitcoin has fallen by only 13 percent.
Some believe that the reason lies in the increased risk of centralization and the possible pressure of financial regulators on coins with the PoS algorithm. The skepticism of market participants is associated with the dominance of large players in the updated network. So, Lido Finance and Coinbase together occupy 45%, and if you add two more exchanges (Kraken and Binance) to them, then the share increases to 60%.
Fuel is added to the fire by the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, who, a few hours after the Ethereum merger, announced the possible recognition of PoS coins as securities. If the regulator is able to secure this status, it will require crypto trading participants to follow more stringent rules.
However, these fears appear to be temporary. Ethereum from the merger and transition to PoS in the future will only strengthen its position.
Some believe that the reason lies in the increased risk of centralization and the possible pressure of financial regulators on coins with the PoS algorithm. The skepticism of market participants is associated with the dominance of large players in the updated network. So, Lido Finance and Coinbase together occupy 45%, and if you add two more exchanges (Kraken and Binance) to them, then the share increases to 60%.
Fuel is added to the fire by the chairman of the US Securities and Exchange Commission (SEC), Gary Gensler, who, a few hours after the Ethereum merger, announced the possible recognition of PoS coins as securities. If the regulator is able to secure this status, it will require crypto trading participants to follow more stringent rules.
However, these fears appear to be temporary. Ethereum from the merger and transition to PoS in the future will only strengthen its position.
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Many are worried that the price of ETH will drop after the merge process, if this happens, of course there will be many big impacts, namely the effect of tokens that use the ERC20 network will drop, we wait at least until the end of 2022 whether the price can rise or vice versa.
that's happening now. People are always thinking big event will always give a pump but this time proves that if big event can sometime meant nothing for people. The hype was big in the past but this time people are only thinking about how to dump it. It seems like market will always be at the bottom until the next year, So many things appeared at once.
Many are worried that the price of ETH will drop after the merge process, if this happens, of course there will be many big impacts, namely the effect of tokens that use the ERC20 network will drop, we wait at least until the end of 2022 whether the price can rise or vice versa.
Is it a joke, to be honest I don't really believe in Fud's news which is not certain, that this is a good step for ethereum with plans already formalized in terms of this merger, certainly no impact on all Erc20 based tokens, and costs gas will also be cheap unlike in recent years, many tokens died due to the high cost of gas at that time, that's why I assure you that all Erc20-based tokens will come back to life, just like in 2017...
The long awaited ETH merge has finally happened today and thing went smooth as for the merge from Proof of Work to Proof of Stake.
I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
dumping after ethereum merging for me is a natural thing and will probably continue for the next few months.I personally thought that ETH would dump as soon as the merge would happen and I can see that it is dumping in price but slowly.
There were also rumors that a hard form might occur but we didn't see any of that happening.
So what do you guys think, what's next with Ethereum ?
maybe at this time there are a lot of rumors that appear for ethereum and it looks a little ridiculous but indeed all of that cannot be predicted what will happen to ethereum in the next few years. there is a possibility of ethereum going higher or vice versa.
but if we remember the journey of ethereum in the past, it started from a low price and over time it became a trend and the price became very expensive as it is today. well we'll see what happens and for those who believe in ethereum for now it might just hold on to it for the better long term
It will be interesting to see how Ethereum's price and market cap will adapt in the future. There are no long-term forecasts for Ethereum at this time, but it's good to see that price and market cap are responding in the way the majority expected. In other words, there are no unexpected surprises, which is good news. I don't think ETH is done yet, it's pumped up a lot going forward and still looks good in my opinion.
I also have the same thought that the price will tank hard because it is almost cost nothing to create ETH. Besides, I do not think that London Fork will make ETH deflationary because ETH has no finite supply. Just check the max supply of ETH, it is infinite! I doubt this burning will even make the ETH total circulating supply to shrink. I do not even think that it will nullify the daily ETH coin production.
Take a close look at the amount of remuneration that validators now receive for confirming a transaction, and compare it with the amount that is burned: https://etherchain.org/burn Today's validator reward is 90 times lower than the one that miners received earlier. Accordingly, the issue of new coins has now decreased by 90%.
There you can also see that the value of "current ETH emission" is now -0.3%, which means that the number of coins is decreasing.
Another horror story about Ethereum. Read the explanation in the comments.
https://twitter.com/santimentfeed/status/1570339602346684416
"According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."
https://twitter.com/santimentfeed/status/1570339602346684416
"According to our #Ethereum Post Merge Inflation dashboard, 46.15% of the #proofofstake nodes for storing data, processing transactions, and adding new #blockchain blocks can be attributed to just two addresses. This heavy dominance by these addresses is something to watch."
This is expected, POS are inclined to centralization because of this stuff. Anyway, it is fun watching on the sideline how the ETH POS transition plays in the later part.
The ETHW (the fork caused by the merge event) had been dumping fast, from $58.54 down to $4.53, it looks like many investors are not buying the trick but still, I am curious why there are still people falling in this kind of scheme. We all know that this fork won't be supported by ETH developers still other trader buy this "trash".
If this really happens and if there is a huge drop in its price, I'll be expecting more investor to sell their ETH for other potential projects. And I was thinking now for Solana to rally up.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.
Well, Merge is the initial step in implementing their project "The Surge" which solves lots of ETH shortcomings so we won't notice any difference on the ETH performance but surely we can feel the change of sentiment in the ETH market after the Merge since the hype of it is over now so definitely the price of ETH will have a correction reason for the current drop of ETH price in the market.
Sorry guys but the ETH price is going to tank hard, because now it costs almost nothing to create more ethereum big wallets can just create lots and lots of new ETH by just holding/staking them...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
It used to cost a lot of energy to create one ETH when it was still Proof of Work. But now it's next to nothing...
That's not how it works at all. After the network has switched to POS, validators receive a reward only for confirming new transactions. Accordingly, the number of new coins has been sharply reduced, since there is now no reward for miners. And now, taking into account the coins being burned, after the London fork, Ethereum will become deflationary.
Well, anyways, I know Mr. Vitalik knows the consequences of this and might also be aware of the current situation. Might this merge is a success story for ETH or not, but there is one thing I really see from the community - they are somewhat worried about the recent drop that might think and results in a negative impact on its market reputation.
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