Bitcoin Forum

In terms of price and emission... has anything been already said by Vitalik or any other main figure in the field? What is your view and why?

i think that half of the miners will move to ETC,
dont know about the price but i dont like the PoS idea

when miners (specifically the mining farms) mine some coin, they know how to sell it in a way that  doesn't disturb the market much. and most of them sell off the market anyways.

but when things change, like doing a PoS which gives everyone free coins. and many get a lot of it just by having some stake, there will be a lot of dump on the market directly from lots of small to big orders and that can create some issue for the price to stay up. there may be a nice downward slope shaping up because of this.

In the transition to POs, I see the positive direction that the price will rise. Now we can see good bullish trend for etherium.
After the transition to POs all miners can go on ETC or on other projects is a 100% impact on price and it will subside But then that POS will earn coins as well should spur interest in second bitcoin world. I think the market will be volatilnym for air. But for experienced traders it is a joy

But PoS is like giving away coins really? I thought it would be more like receiving interests for having your coins in "deposit", granting the security of the network like with NEO or Waves

I think market will instantly react to it. Miners will find it boring to hold and it will lose some value. Some people especially traders will manipulate it to obtain at cheap prices to pos and generate money.

I don't know but most people say it will rise, this will affect also price of ethereum classic for sure. Ethereum is one of the best coins anyway.

Exactly, miners have long been in this game and they know how to manipulate (or stay away from too much manipulation) to maintain the market for as long as possible for the simple reason of staying as profitable as they can.

PoS will hold a lot of value for the whale miners, who surely are only releasing a bit of ETH with every mine, and this will actually let them still accumulatr while moving on to other coins.

I don't know about those also mining SIA for example. I suppose they will always substitute.

after ETH goes PoS , i expect ETC to get much more attention and grow in price

Ethereum classic is one of the altcoin. This is not that much popular in current market. I think few miners only move to Ethereum classic. It is raise in current market. But last month it was fall in market. So it is not a stable currency. Ethereum is the best centralized cryptocurrency. It is a long term investment. This is more profit for any other coin in future.

he asked what will happen when ethereum moves to PoS... half of the miners will mine ETC for sure.. there are no many better alternatives
and ETC wasnt a fall in the market.. its in the top 10 and grew a lot in 2017
also it has a big progress now in development and partnership, and had its first summit a week ago

Hey he seems replied to different user according to his answer and I want to know why you please simply talking about different altcoins when the op query is about the ethereum and its big guns answers about the price movement.
Vitalik is the founder of eth but he is been anonymous here in this forum as well. I do not know why all the coin founders simply hidden and being anonymous but looking about the price changes he will be really happy these current movement in the chart.

I think we are already seeing the effects of Ether going POS. First of all everyone is trying to stack up currently, the simple reason is because in the future when POS will be implemented, everyone will be able to receive ETH is return for confirming transactions, so instead of mining, which is currently done by big players who have the entire power centralized in their hands, the average person will be able to confirm transactions just by locking up their ETH to a smart contract. That's pretty awesome and the implications of this is some sort of indirect divident paid to holders. It's like holding shares is a big bank, instead of them paying you quarterly some dividends, you'll be receiving some ETH which have just as much value.

sorry i didnt know that its about the price.. its just "what will happen after eth go POS"
about the price of ethereum, i dont think that going to PoS will stop ethereum from keep growing
i think it will go to 1000$ sometime next year anyway

I think he started being a Bitcoin "believer", probably fascinated by the concept and the math. Oh, by the way, sorry for saying this on Bitcointalk, but for me there are no "alt coins", just coins. This may be the Bitcoin era, but I think we all know that all eras come to an end.

It depends on the emission rate. If it is to high inflation will eat up the value, and if too low... moon

After ethereum goes pos i expect the price going up quickly. Ethereum will become next dash with the proof of atake concept and i like it. It will decrease coin in circullation and it is as good as bank rate. I really hope the pos transition going smooth and no issued in security or whatever.

I think ETC will likely be the winner here, but they first need to make their platform attractive to developers, so as for them to be able to pick it for their project launch, it will be interesting to see if this is a good decision by Ethereum team

After ETH becomes a POS coin some miners will become angry and they may dump their ETH for profit. So there might be some minor pull back in the market at that time but no need to worry as this would just be temporary. After POS is implemented the inflation will be low compared to today's inflation. This is actually a good news.

There will definitely be short term volatility. We will probably see what is going on with Bitcoin and Bitcoin cash. However, after an initial drop, I expect Ethereum to shoot through the roof. I really don't think ETC has the ability to overtake Ethereum.

Wasn't there some early talk of Ethereum creating a maximum supply of Ethereum? Man, imagine the prices then!

I think were expecting a huge pump of ethereum with this Pos. As I notice etheremnis currently increasing its price so hoping it will continue be like this pumping ethereum.

Already most of the people for some reason ether. Perhaps because the resources of bitcoin do not give already the desired effect. So, soon the demand for it will increase with the price and it will replace bitcoin and will become the lead.

Not to considered it is a kind of manipulation because ups and downs of our coins is definitely the result of community response. Considering that it will go for PoS sytem, of course there is a lot of changes may happen in the entire crypto world including its market value. And I've doubted that miners will take this because it will surely affect their profit earnings from mining.

What to expect? The price will surely decrese at the start  ;D if it recover it will surely reach what most people do not expect to reach.

Has this official confirmed by Vitalik? When will it be out? PoS or masternode in ETH is quite much a thing.

That`s what I thought but many people seem to think that it is not going to be the case, so ... we will find out.

i dont get why people are saying that after eth goes to POS miners will move to ETC ? its because it has ethereum on name ? there are many good alts and they will move them instead of ETC.
Tell me one good reason to use ETC ? or why miners will move to ETC ? no reason !!

I think miners knew that before so they must have some plan already. no one will get angry and sell and dump eth price :)

Investors stacking up ETH , its better profit as your money stay just on bank. Its not boring , its %100 with no risk profit.  not all people have time or knowledge to trade alts. so they buy and get free money. so simple isnt it ?

ETH price is rising and will rise much more. Cuz we all need eth for ICOs , for transfers and now for POS . so price will not go down for long term.
But there is a big risk ; BTC. if btc price reach 10k or more unfortunately eth price can't reach 0.1 btc .

I can't understand till now why a lot of people keep saying that its price will actually drop.
Seeing a lot of members against Ethereum turning PoS is totally understandable as it's one of the main coins mined by gpu mining rigs.

But let's consider ETH on its own (technically). In my opinion, what keeps holding the price of ethereum in a specific range for a long period of time (it hasn't gone higher than $300 since June) IS actually the miners. They're constantly selling the coins they mine. Now a lot of people might argue with me regarding this specific point.

Well, during the past few 5 months, the demand for Ether has been going uphill. A lot of ICOs were created and succeeded (of course some didn't but that's not the point). This means that more and more people were buying ethereum. Yet, we didn't see any rise in ether's price. IT STAYED IN THE SAME LOCKED RANGE. But what happened ? The network's hashrate skyrocketted.

So basically my theory is that miners cancelled out the demand so the price remained the same. I suppose when it goes pos, selling would stop which should lead to a price increase.This is my personal opinion and I'm by no means a professional in speculation so don't take them literally and do your own thinking.

Most miners will switch to ETC (there are not many alternatives).
Trade volumes of ETC will increase, decrease from ETH.
Increase volatility of ETH.

In my view about you will be able to staking your ethereum at least you're having around hundreds ethereum or more in the future. That's what consequences of the pos system itself. There will be a maximum supply will have determined in the future. And This is totally a very very good news. If you are seeing about the Neo and it looks very good for big ethereum holders. But the miners will be moving towards another place.

After pos, I think the price of eth will go up, because the pos mechanism will cause some of the eth not to be sold directly, so there will be fewer people to sell it, and the price will easily rise.

DO you think that NEO staking is rewarding, I mean, does it have a good "interest rate" for holders?

As a miner, I am only interested in profit short term. As an investor, I do not mind waiting a bit id the expectations are awesome.

I think the most important thing is two points. First, you can guarantee that some of the eth will not sell in the market, and secondly, it will protect the environment.

The ability of Proof of Stake to generate new coins out of thin air might be a bane to Ethereum. The short term expectation is that the price will increase since people will be buying ETH to do staking. After that the price might dump since staking will generate new coins and then people who have those coins will obviously dump them in the market. The price might fall down if all the stakers do so.

How much ether is needed to stake? What are the potential roi?

Same can be said about mining.

Yes,it´s very likely to happen although I still do not know the details,the impact should clearly be reflected with a decline in the price,at the beginning a greater demand would be created but over time it could be decreasing together with the price.

Net computing power will decline, which may cause the eth network not to be stable before. In the long term, it is the update and progress of eth, to protect the environment and implement sustainable development.

This is simple Economics 101. Once POS takes affects, nearly all ETH holder will start staking their coins for dividends. This will simply reduce the supply of ETH in the market, indirectly boosting the demand. Hence basis supply & demand, the price will go up.

At least that is what I believe... :)

If we look to other coins gone in POS i think that it will good be. The technology of ethereum is good and at the same time there are a lot of projects develop on Ethereum, so go POS.

Won't that be related to current price rather than expectations?

Do you think this is just a strategy to avoid someone developing an ASIC?

There will be a lot of the eth limit to sell, and the number of mining will be less, the generation mechanism of the eth have change, code and technology updates, in the long run is certainly good for the eth, so I watch the etheric lane behind the price rise.

it will be a major step towards bringing the entire crypto field up to new standards. The implications will be huge, I even think that this might be the time when the flipping will happen (when ETH will surpass BTC in market capitalization), it's inevitable and will sooner or later happen, the question is when. PoS will definitely have a huge effect on the price and fact is that more and more people will want to buy ETH in the future in order to be able to stack their coins and confirm transactions, once they can do that they can earn passive income which is quite sweet (depending on your stake). ETH change to PoS will be one of the most amazing things witnesses in the blockchain sector, mark my words, ETH will be number one at some point.

The project makes me think of a convenient superficial model. The participants ought to assume the the future seriously.

I don´t think is superficial at all. It is a change to stay.

What do you mean about ethereum limit to sell? every ethereum holders can sell their shares. The supply will be limited and the miners will be changed with staking method. This will be similar to NEO.
When the transaction cost goes to those will be staking their coin.

i agree,, but if the price will rise its make a positif direction .
and make the pos is better

I think that there is much processing power that will be looking for opportunities, but... will there be enoguh opportunities?

POS token may become new trend in near future because users now tired of download wallet and installed, they want every thing stake online. :D

PoS coins today do have wallets and the like. Think of NEO or Waves

Would it became a reserve of value, as there will be plenty held in staking?

Vitalik is normally cautious about his statements, as those have a big influence in the community and could mean the success or failure of many projects and ICOs

I don´t think that a maximum supply is that good. Ethereum is very strong because is cheap to move and has the smart contract capability built in. Bitcoin is, believe or not, weaker.

I have always thought that it is a bad idea for ethereum to move to proof of stake, the miners are going to desert ETH and probably are going to move to ETC or other coins, those that receive free coins are probably going to dump it in the market and that is going to make the price to go down.

All that ETH hashing power will point elsewhere, maybe ETC. Look what happened to LTC in 2013 when ASICS hit the market for BTC. EVERYONE with GPU rigs started to mine LTC. All that competition drove the difficulty thru the roof immediately. This made it more costly to mine a LTC and LTC went from 2 to $55 overnight. the reason is Miners wont sell for less. they create the supply. Supply becomes dammed up from difficulty and miners unwilling to sell for less than a profit. Alls it will take is a two week lag from this phenomena and the #2 GPU coin will skyrocket from this effect.
Just my take, there are other factors but it is a sound observation/metric for long term profit.

Interesting observation, but I don't think ETH will lose value after the declaration of the POS system on ethereum blockchain. Because LTC was a coin that does basically nothing. ETH has lots of features used by developers in real life. Hence, comparing ETH to LTC in this case, doesn't make sense to me.

Miners can influence mining difficulty, like BTC miners do this now, and everybody realising that selling under price is idiotic. Yes they can artificially keep price over the price of mining with litle help of traders and this is how is formed minimal price.
With POS you don't have his, and if some big investor decide to exit, he can destroy coin if he dumps hard.

I think you are a bit confused. Ethereum mining is not centralised. It is true that there are a few large players, but most of the hashing power is distributed among many small or even domestic miners. This is not Bitcoin.

I think it will mostly depend on supply and demand. We think that the demand is going to rise progressively, particularly if the number of transactions per block grows with the Plasma protocol, but we do not know the offer side. I was interested in knowing more about the predictions  for the issuance rate.

Do we have a date of when that is going to happen? To me it does not seem like a good idea it change from proof of work to proof of stake, I think ETH is doing a tremendous mistake by doing that it is possible this is what ETC was waiting for to try to take over as the main Ethereum.

Already and so many miners on the ether, the resources of bitcoin are exhausted and we need to look for something new. But in pure and not fork, he is not so good both in price and in trade in the market. Let's see how everything turns after the red period.

So did I understand you right, the ETH price will go down? Do you think that wil be a dramatic drop? or just a little step down? I'm  asking as usually I work with ETH only

We expect exploding in price. People will choose staking then mining since mining take very much energy and electricity. Maybe we will see some btc eth flippening. Miner which has their miner run still mining and probably they will spli to staking and mining. I really wait for this POS phase. Especially if staking could help ethereum network and make it faster.