Whats ETH value based on | Bitcointalksearch.org

gribble

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Quote from: BittyBatty on August 31, 2017, 12:11:55 PM

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.

Ethereum value based on demand and supply of users and the function of ethereum, you was knew ethereum is smart contract platform. There are many ICOs projects on ethereum, so many demand of ethereum to be used for participate on ICOs projects, it is one of reason ethereum's price is increasing except innovations related ethereum from developers of team.

Blakscorpion

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CryptoFan

It's an economic principle. Everything has a price according to the value/interest that you give to the object/service.
And as you can see, eth will take value with time because a lot of application will work on the ethereum contract

talkbitcoin

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All I know is that I know nothing.

its value like so many other altcoins is based on pump and dumps and all the things that can contribute to its pump. for ethereum these things are all the ICOs that are being created on this platform. almost all of them are only accepting ETH tokens if you want to buy in their ICO phase and that creates some fake demand.

and so far the market for ICO is the hottest and their numbers is only increasing as time goes by. but at the same time the number of shitty, scammy ones is growing too. and that means a huge dump in the future.

Cassie.Jill

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the initial price of ETH is beause people dump fiat money into ETH development, and once the ETH done, the more people get in, the higher price ETH will be

TrueCryptonaire

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It's based on same thing as that of a bitcoin, supply and demand, so from what I think investors and Miners are the market makers as they are the ones creating supply and demand.

Huonghoang1939

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ETH value I think it is based on the needs of the buyer and seller. If the number of people buying and selling as much ETH will make its price increasing. It depends on the needs of users, I also believe that ETH will increasingly grow. Bitcoin is a gold mine, the ETH is an oil field.

kryptqnick

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It is obvious that it's about demand and offer. However, I believe nobody in this thread specified which factors make people want eth and thus create the demand. Even though new eth is likely to appear forever, there's limited amount per certain period of time which can appear. This makes the coin deflationary in a way and thus limits the supply. ETH platform is really cool and reliable to launch icos on + makes smart contracts possible. These two factors create the main demand.

Pierre 2

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It is basically all about supply and demand. But Ethereum is also middle way between ICOs and fiat money, with gas fees and so on. So it means more ICOs -> higher Ethereum prices as situation is natural. Also having smart contracts tech created speculative price for Eth.

pikebu

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Quote from: crptotrader007 on September 01, 2017, 02:33:05 AM

As everyone above has said , it depends on the supply and demand. People place buy and sell order according to that.

Yes all of digital coins values base on demand and supply except it, price of ethereum base on the the projects be builded on ethereum platform it makes price of ethereum become going up too, the most important from ethereum are they have good developers team, comunity of ethereum and innovations related ethereum. Ethereum has function in digital business like dapps and ICOs.

crptotrader007

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As everyone above has said , it depends on the supply and demand. People place buy and sell order according to that.

CraigWrightBTC

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Quote from: BittyBatty on August 31, 2017, 12:11:55 PM

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.

You are right ethereum is not currency but it is smart contract platform because of it, many people made ICOs projects on ethereum's platform and the investors must contribute in ethereum, that is the causes ethereum has value to be used for ICOs projects. The other reason ETH has value up to almost $400/ETH because of speculation from the traders on the exchangers to get fast profit with ethereum trading for short term, as we know ethereum has high fluctuating the price.

dfox101

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ETH value is based on pure speculation. The investors are trading the altcoins in and out for a profit.

Rinaze

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Quote from: PANK21 on August 31, 2017, 07:21:56 PM

Quote from: BittyBatty on August 31, 2017, 12:11:55 PM

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.

Eth is just as the same as bitcoin. They are both altcoin. If you understand what bitcoin value based in , then you wont be difficult to understand what ethereum is. It is also determined by how the supply and demand of a coin. If a coin is in demand then it has a high possibility that it will increase its value. Just like bitcoin its in demand nowadays so it has gain a lot more value than before.

ETH is not even remotely the same as BTC. Both serve different purposes and strives to achieve separate aspects of life. I don't think you truly understand what BTC value is based in, thus you are having difficulty in understanding what ETH is Tongue

Lovetrading

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Quote from: BittyBatty on August 31, 2017, 09:18:49 PM

Quote from: mico on August 31, 2017, 08:28:22 PM

it's always depend of SUPPLY/DEMAND. People buy ETH to invest some ICO.

Ok, probably this is the part i am missing. BTC is used for buying real life stuff and store like gold.
as far i know , ETH is neither. You don't buy any stuff with ETH.

invest in ICO is understandable but then i see that as a temporary transacting currency because the ICO team would most likely sell and turn it into fiat asap. So, no i don't really understand why ETH should be priced as it is now or why it is compared to BTC.

Simply, Ethereum is a protocol which you can build decentralized applications on top of it, hence the demand. Bitcoin is also a protocol, but without the smart contract piece, limited block size among other issues, however it's value is symbolic since it was first to come out.

Remember Netscape? No one is using it now.

titulng

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HubrisOne

you can think ETH as a tool, and so many people use this tool to do other things, such ICO, transfer etc. the demand is very large, so it has a ture value

argeneempalmado

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btc and eth is the same as a company of crypto world. but they different vision and goal. but it is a crypto currency that have value in the same in stock market. btc and eth is a company to provide business and serve what people needs in easy way through internet access.

BittyBatty

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Quote from: mico on August 31, 2017, 08:28:22 PM

it's always depend of SUPPLY/DEMAND. People buy ETH to invest some ICO.

Ok, probably this is the part i am missing. BTC is used for buying real life stuff and store like gold.
as far i know , ETH is neither. You don't buy any stuff with ETH.

invest in ICO is understandable but then i see that as a temporary transacting currency because the ICO team would most likely sell and turn it into fiat asap. So, no i don't really understand why ETH should be priced as it is now or why it is compared to BTC.

mico

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Decentralized Ascending Auctions on Blockchain

it's always depend of SUPPLY/DEMAND. People buy ETH to invest some ICO.

rezurect

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Supply and demand or market play and big pumps?

Quote from: PANK21 on August 31, 2017, 07:21:56 PM

Quote from: BittyBatty on August 31, 2017, 12:11:55 PM

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.

Eth is just as the same as bitcoin. They are both altcoin. If you understand what bitcoin value based in , then you wont be difficult to understand what ethereum is. It is also determined by how the supply and demand of a coin. If a coin is in demand then it has a high possibility that it will increase its value. Just like bitcoin its in demand nowadays so it has gain a lot more value than before.

PANK21

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Quote from: BittyBatty on August 31, 2017, 12:11:55 PM

I understand that there are certain amount of BTC ever to be in circulation. when more people want it (due to limited supply) as store of value or transacting currency, it creates demand and drives the up.

what i don't understand is , how is ETH value determined. Its not currency but a smart contract platform. So how and why there is value to ETH and what does it produce to gain value in future.

Eth is just as the same as bitcoin. They are both altcoin. If you understand what bitcoin value based in , then you wont be difficult to understand what ethereum is. It is also determined by how the supply and demand of a coin. If a coin is in demand then it has a high possibility that it will increase its value. Just like bitcoin its in demand nowadays so it has gain a lot more value than before.

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