Bitcoin Forum

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!

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.

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.

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?

I do and why?

Because ethereum will have maximum cap and it will make there will be a limitation for the total supply of ethereum

and why not? this time ethereum is still using infinite supply and that means if ethereum is not reliable to be used as a store of value right now consider it has no limitation on its total supply.
The total supply will be determined when the next update will be successfully implemented.

Bitcoin as store of value and we already have it, the use of ethereum is the smart contract its offer to us. And when the transaction of smart contract taking an insane gas fees it will make ethereum has no use case, especially there are a lot of network with advance feature then eth. We can use cardano, bsc or maybe latter we will see flare in this category. Ethereum is not designed for store of value.

Ethereum has many great use today to be honest but i also do hope they can do something about the huge gas fees. But the fact that it can be a store value as of today slowly been seen and been compared with bitcoin because of its good progress.

Although eth is more on tech side, investors are seeing eth as a good value coin with increasing innovation inside their blockchain network.  And as I see it now, ethereum is way better to become store value with its smart contract features.

Its true that the majority of the transactions are happening on the Ether network even when the fees are too much to bear and the newcomers in crypto are keener to buy Eth than Bitcoin because they still can afford as well so yes they put their money on to ETH. This is Mark Cuban, he could have been hyping it after all he holds more ETHthan BTC as he claimed but all currency though can be a store of value, even Doge.

Hard to say at this point, but as the price soars, it might be potential to become a store of value like BTC.

However, there still aspects of ETH, like Dapps and smart contracts, so still they are being used by projects so how it you call it store of value then? In any case, the definition of "store of value" in crypto is still in the gray area, IMHO. So it's debatable.

Yes, Ethereum can be a store of value, but this is only for long-term investors. Ethereum and all cryptocurrencies have very volatile price movements, so don't buy at high prices and sell low prices. only long-term investors can hold assets for a long time.

Eth has been a storage value. I think ethereum has long been a coin exchange, but hopefully the parties at which eth can make up for the cost of the current gas, and I hope that, in fact, eth isa model of all current altcoin, and most of the great deal of the deal in its. although bitcoin continues to grow The quick fall will likely be more people who believe in it as storage value. yes, because eth gets told top coin crypto and most likely will be more people invested in it

I have not checked ethereum for a long time, we know that there is a limit in the amount of bitcoin that it is going to exist at 21 million, but that was not the case with ethereum, has this changed? If not then it has no chance of becoming a store of value as no one is going to trust their funds for the very long term in a coin with no limit, but if this has changed at some point during the updates of ethereum then this could help it to eventually become a store of value.

There is thing called as "Charisma" of something. This something is bitcoin here and nothing else. Bitcoin has surpassed the charm of excellency, where people are giving more priority to it rather than any other coins. ETH, agreed, going all boom these days but becoming an store value seems to be impossible. Unlimited supply is major factor for this. When you have unlimited stuff you can't guarantee its value will remain the same in the future. Huge supply can crash the ETH over the time.

With the time BTC supply will be going down by many folds as compared to the ETH. In this race BTC's price will keep going upwards without failing. Then everyone will sell their ETH for the BTC for sure. The equation does not fit right, the preference would be for BTC only.

Now these are my thoughts, you may argue on this.  :)

It is not true when crypto market turns the trend from bullish to bearish. People will shake their hands and switch to bitcoin or stable coins. DeFi projects will die and Decentralize Finance's pools are one of biggest places that people are currently stored and locked their ETH inside.

The phase of Proof of Stake with Ethereum 2.0 can attract people and convince them to lock their ETH for a while to enjoy staking and get staking rewards. If you got experience with Proof of Stake coins in 2017 or 2018, you will know that lock is not forever and people can decide to stop staking and shaking hands anytime.

I don't agree to call Ethereum as a coin for value storage.

I think every crypto can be a store of value right?

But the problem with crypto, like Bitcoin and Ethereum is that they work as cycles. And for them to become a store of value, you really have to hold them long term and wait for the price to appreciate overtime.

But then again, as I have said, crypto runs on a pattern, it's a cycle, once it's goes down and went on another bearish phase, the price will obviously goes down, defeating the purpose of being a store of value.

The fees make it impossible to be used as a transaction coin. It's just so expensive now, knowing that you wouldn't want to transact anymore. Knowing that Mark has a technological background, he will indeed have a say on it, and being a rich person means he will not invest in ETH if he doesn't understand it. So I believe in what he said in the video and he seems to be prepared with how we will answer the questions too. Very thorough.

Anything that is legit and has a good support from the community in the crypto space is a good store of value. The price volatility will remain but it will become more stable overtime, ETH is 2nd to bitcoin, the top 10 in the market is a good investment in the long run, hence they are a good store of value, however this is only for investors who understand the risk as the risk is significantly high.

Whenever a coin reaches a point which has a transaction charge which is unreasonable for a normal investor do we start calling them a store of value  :D. You can point certain properties as a store of value but the one function that it fails miserably as a store of value is the N number of coins in existence as there is no limit for the amount of coins that can be minted so it negates that entirely.

From how I traded back in my days, it seems to lean at that part already, OP.
I don't see plenty of merchants accepting Ethereum for their businesses, but instead it gets used as a smart contract for some.
Many are now mentioning about the whopping price of the gas fee lately and I believe that's not favorable for the utilization of it for a casual transaction.

It already is, so many institutional investors have been rumoured to buy eth in bulk and holding it for long and its price has been increasing ever since meaning it qualifies as a store of value. The price might fluctuates like a lot but if you see it from the perspective of a holder who only see price growth within certain period like for example a year, the price keep increasing and not dumping.

Any promising can be considered as a store of value but that depends on the intention from the users whether they wanna use it as store of value or not. Remember about the fact that so many people are not able using ethereum right now due to the non sense fees. that makes ethereum used it as long term investment especially for the little shrimp.
That being said if crypto has so many advantage and one of these advantage just like used it to be store of value.

It seems that it is not suitable for Ethereum to be used as a store of value because the price is still unstable from year to year, but if the price can be very stable in the future, then it is definitely possible, because Ethereum is also a token that always has value in the market.

Well, just like some other members have said, Ethereum becoming a store of value is due to the enormous cost of transacting on the network, people are getting tired of paying the exorbitant fees which means that if the situation is not addressed, people will treat Ethereum the same way bitcoin is treated, people will buy Ethereum and keep it as an investment rather than buy to spend on gas payment, so this is what I think, if the issue of high gas cost is not addressed soon, then the youtuber will be absolutely right, Ethereum will definitely become a store of value rather than a currency for daily transactions.

What is/are maybe the reasons for becoming a store of value?

I think what people must say the reason is "as long as the asset goes up only, it can consider a store of value".
It is also what I think, just like Bitcoin. But Bitcoin is different, it is kinda made just to up only, since of the total supply, the mining rewards, and block halving event of it.

It seems that compared to ETH, BNB has more potential for Store of Value.
as you said, ETH still has erratic movements. Likewise, the supply is too large (before 2.0 is finished). but there is also a possibility that ETH will be a good asset once the supply is determined.
different for BTC, everyone would think about profits every year, when the supply and circulation of the market can be known. there is no doubt about the future value of BTC.

In my opinion, what I think about this is that Ethereum is slowly already becoming a store of value and there were stories of investors buying large amounts of ethereum and holding it for a long time and this happened a few years back. Surely these investors already gotten some profits with the increase of the ETH price but I am positive many people will now buy ETH not for trading or currency related purposes but rather it is for long term investment.

ETH continues to grow, that’s why many become a hodlers and willing to hold ETH even in the next five years. This has been a good strategies for those who don’t want to get stress in the market, they buy yesterday and they’ll sell in the next coming years depends on their target price. ETH is still volatile, but slowly becoming a good store of value, and that makes cryptocurrency a good investment for long term.

A very interesting question: will the Ethereum coin become a store of value? Personally, I believe that for Ethereum to become a store of value, a coin needs to be stable, in which case a preservation option could be considered. But at the moment, the Ethereum coin is unstable and can fall in price at any moment. And then all savings will simply be lost. Perhaps, in the near future, such cryptocurrencies will appear, with the help of which it will be possible to make long-term savings. Many more interesting discoveries in the world of cryptocurrencies await us.

I have a question: How can Ethereum become a store of value when we need Ethereum for making on-chain transactions? It's not just Ethereum, there are so many tokens on Ethereum...

MCDev I am going crazy whenever I need to do something with Ethereum or some tokens on Ethereum. I am using different, cheaper platforms, Tron and Binance, and both are faster and cheaper, to not mention a lot easier to use! If Ethereum developers don't do something about these crazy fees, I think there's no future for Ethereum. I don't know how they got here where they are, but I guess a lot of money got into DeFi and people are using it as long as they can harvest crazy high profit!

This is absolutely possible, the price of ETH is soaring making it a valuable asset.
Investors believe in the currency's future and keep it as a long-term investment.

We have to wait with the promise about solving the gas problem or high fee problem. They have only taken action when they see that their competitor which is the BSC starts to gain many users and became more desired than the ETHs smart contract.

I won't say that someone selling their ETH isn't smart. We don't know the reason why they do that but if there's a valid reason of why they do that, it's fine. But if someone just sell it out of panicking, maybe that can be said as not smart and not worth it of sale.

Since I was presented to crypto universe ethereum was already a store of value side by side with bitcoin. Ethereum is one of the few altcoins which actually have a real use, that is its open network to developers run their own projects. It's not going to become obsolete so fast. That is why I think it's a good store of value in crypto universe.

Issues with high fees also happen to bitcoin and they don't make the currency less important and promising for this reason.

Looking at the side function, indeed I'll be agree if this coin can be said as a store of value. Take a look how many altcoin that use this blockchain network and create new feature like ICO and DeFi project that still booming.

Many people has been considered that DeFi project can change the old system that still being used by most people now.

This is why I'll be agree if ETH is a good coin and I'll say that this is the next bitcoin. When many people think that bitcoin is already high then they will choose this altcoin for their investment place.

The future of DeFi projects are unknown. They are booming now but their survival won't be tested with bear market. They will need 2 up to 3 more years to be tested. Decentralization are characteristic that people are looking for and would easily fall in love with. If this generation of DeFi projects fails, the later ones will get better success.

Ethereum won't be a next bitcoin. It is Ethereum, simply said and I'd like to call it is the altcoin King. Bitcoin is the crypto King. Ethereum 2.0 and Proof of Stake with lock requirements can make the coin is more favorite for storage but let's see. Bitcoin does not need lock, proof of stake to be the King and the storage asset.

We can not give an exact statement here first since we don't hear what is the result of the Ethereum volume 2 that the founder promised it will fix regarding the high fee of ethereum. But if this will gonna fix it might OP is right ethereum will become like bitcoin that good for storing value, not for the transaction. Look at binance, they had a better solution of the fees and I think there are too many traders now using the binance smart chain.
I had like to say, we will wait for the official launch of the ethereum volume 2.

That's for the big investors but the small investors slowly disappeared from the ethereum platforms caused by they didn't wanna waste their money just to pay the miners.
The long term investment is only suitable for the whales now.
Any major coins are capable to be used as the store of value based on the various factors like development, fundamental, community support, adoption rate and many things can't be written here.

The problem with ethereum only on gas fee beside that ethereum was perfect and definitly it will be a store value like bitcoin and vitalik and rest of the team should doing it fast
Make ethereum more fast, cheap and secure

Yeap, i really agree with you. High Risk but High Gain, Top 10 Crypto in the market have solid community with tons of liquidity, The price movement was also not really much 1-2% and therefore it's making good store of value for short or long term investing. Well i suppose some investor was already know this risk since it's volatile but it's still and good option on current pandemic where stock market mainly Negative.

Isn't it already? I mean it doesn't need to be stable, if it is stable that means it is not store of value at all, for it to be store of value the price needs to increase faster than inflation so that we wouldn't have it go down in value. A house that worths 1 million dollars today would worth 2 million in 10 years, you need ethereum to do at least 2x during that period to keep that value.

So, being volatile and increasing in price over long period of time is one of the ways to be really profitable in the crypto world to keep ethereum, plus there will be staking it in the future as well (and I guess it started a bit in some ways) so you will not only hold ethereum but also make ethereum profit from holding it as well. I believe it is one of the perfect examples of store of value and it will continue to be so in the future as well if eth 2.0 provides to be a wanted project.

With so big fees it not suitable for payments anymore

The number of long-term ETH holders is increasing as whales appear to be eating up the coin's stock.
Another catalyst that is likely to increase the market capitalization of cryptocurrency is the growing interest in irreplaceable tokens (NFT). The undisputed home of the NFT is Ethereum. Every major NFT market is a Ethereum market. Of course, other chains will do NFT, but as often happens, all the liquidity and all the most valuable things are in Ethereum.
Ethereum can also benefit from the growing adoption of decentralized financing (DeFi), which is "the biggest thing happening in cryptocurrencies."

Even with its high gas fees at the current, ethereum is still known to have more transactions compared to other platform. It's definitely a good store of value and will be even better if ethereum 2.0 has fixed already its main problem. I think the team is looking forward for a more convenient ethereum transactions once this high gas fees issue will be resolved.

There are still many small investors holding ETH for long, as long as you don't make money transfers, you don't need to worry about fees.
While all the major coins in the market can act as a store of value, ETH seems to be one of the best coins for doing so.

that's why a lot of parties migrated into the new platforms as ethereum is not suitable anymore to be used as a store of value nor the payment system.
It's still a big question about the total supply of ethereum and i will not consider this as a store of value when ethereum has an unlimited supply.
There are lots of people who are being frustrated caused by the fees on ethereum network gone so crazy from day to the day. Ethereum is a crazy chain right now.

Eth is best coin next to bitcoin and it was deemed to happen. People are investing in both BTC and Eth, thats why we see increase in price and volume to Eth. Since Bitcoin is also used as store of value, same is happening with Eth.

Im not sure about that but remember about the majority of coins didn't wanna migrate to another chain consider they must start it again from 0% progress. Remember about the majority of so many liquidities that being locked on ethereum platform dude. I meant the demand is still getting centralized into the ethereum and it's so difficult to make people go to another platform when they have been feeling confident with ethereum.
So many people are also earning passive income through participating in the staking.

Yes, it's not currently. But if you saw the news about its solution.
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July (https://www.nasdaq.com/articles/ethereums-eip-1559-fee-market-overhaul-greenlit-for-july-2021-03-05)
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket (https://www.financemagnates.com/cryptocurrency/news/ethereums-upcoming-eip-1559-upgrade-could-cause-eth-price-to-skyrocket/)

I don't think it will come to that potential in the future, the crazy fee made it so hard to happen becoming store of value. Maybe those days that they still got fair charges, but nowadays I won't wonder for good about what's going on with their system. Hopefully they'll able to fix this matter before expecting for further developments.

Ethereum is a good coin we all know that however we cannot say that any coin in the top is a good investment, whenever we look at the top 10 on one year you will see many different coins on those spots over the next years, and there have been even some scams that make it that high, and if we take a look at the current top 10 there are many coins I do not like, like the binance coin and ripple for being centralized and tether because it is not even a cryptocurrency but a stable coin.

Because of the high fees that hinder investors to make a transaction it is becoming a store of value due to the swinging price that giving a profit especially to long term hodlers.

Eth is a good coin indeed but if we think about the fees, small amount for buying is not enough because it might only cover the gas fee.

Thats why many investors are still hoping that it will get resolved on eth 2.0 upgrade.

Not only that,,, even without all these solutions incoming there are already more and more people and platform coming up with other solutions like Layer 2 (I know it is off chain but still). I think even before ETH2.0 we will see the problem get less and less.

Remember when people complained about BTC and until today not everyone is on segwit?

In my opinion, not only ethereum can do that, Bnb or other altcoins can also be a store of value as intended in the video. However, I'm not sure about ethereum because ethereum still has a lot of problems right now.

Actually Ethereum doesn't have many problems, only one problem at the moment, which is about transaction fees on the Ethereum platform, besides that Ethereum is still fine and also very well stored in the long run, but for storing value I think it will be a little difficult to be accepted because Ethereum is not a price-stable token even though it is already on many good exchanges.

Yes, many are still not using Segwit even though it's the solution for bitcoin to have cheaper fees and quicker transaction. That might also be the same for Ethereum whenever those proposed help would come to operate.
I hope so that before the action that shall be made through ETH 2.0, there will be lesser problems but with the bull run, it is increasing the transactions daily and can't wait for that to solve fee problems.

Probably yes, as we know the transaction fees are getting high on Ethereum network so there will be definitely lots of people who will find potentials in eth and take it as a store of value but if the developers of ethereum network could able to do some effective improvements to fix the high gas fees problem then I wouldn't consider eth as a store of value coin.

I think that you are wrong about that dude, the whales didn't care about the fees and you can still check it out on the etherscan and you will be seeing there are lots of transactions happening.
People will not migrate to the another platform and ethereum believers will always try to use ethereum.
As you can see that some may use this as a store of value but different with others

Yes, it is true. Ethereum only has one problem or problem, but that problem is very fatal with the Ethereum Platform, because the problems that ethereum now have will make a lot of people complain, and this will have an impact on ethereum's future which will make ethereum even less desirable in the coming years.

I think it’s heading towards the direction of becoming just that, a store of value, with the way things are now. The fees are very high just like Bitcoin has been for sometime now, although I still feel that it’s just because of the bullish trends and when it is over ,they are all going to be reduced in fees and another possible reason the fees are very high now is because of how congested the network can be at times like this.

This time around a lot of people are avoiding making transactions with Bitcoin and Ethereum because of these high fees, mostly those that are making small transactions, imagine a transaction of 50 dollars and you still have to pay a fee that is very close to that lol, so a lot of people are avoiding that. Everyone is switching to a lot of other altcoins that are letting them do micro transactions without heavy fees that will crack their pockets.

I think many things could happen with Ethereum within 2021 and 2022, so I am still hopeful that I can use my Ethereum as sort of currency rather than store it and wait for the bull which might not happen in 5 years time. But right now as you can see with the price of Ethereum also becoming very high, we saw that it is also becoming an asset now like Bitcoin. Many buy Ethereum and store it and not do anything with it. I mean you can do many things with your ETH on Binance and the other Fintech but that's about it. Let's hope for more developments and we can see new chapters forming for ETH.

Obviously, there have been many people or Ethereum users who have complained about the problem of the still very high fees on the ERC20 network, but everyone should be patient with this and for the time being everyone can also use other networks or other cheaper platforms, because there are those said that the cost of Ethereum will be back cheap and normal in July to August this year, so let's wait for this and hopefully it will be correct.

The reason I am not so sure about this is that bitcoin is already becoming a store of value and it is way ahead of ethereum on that aspect, so why would the same market need yet another store of value? If ethereum is going to try to compete against bitcoin on that aspect I do not see it winning the fight, the ethereum developers need to concentrate on what makes ethereum more useful than bitcoin, and without a doubt that is its smart contract characteristics which are easier to implement that in bitcoin.

In my opinion, there is no need to strive to ensure that ethereum mainly acts as a store of value, as Bitcoin does now. The main purpose of a decentralized cryptocurrency is to be an alternative means of payment to the current payment system. However, any type of money includes all functions, including a store of value and value. But the function of the means of payment must be decisive.
I don't think there is a real threat for ethereum to become like Bitcoin. Thousands of tokens have been created on the ethereum platform, the movement of which requires payment with this coin. Therefore, there will always be an ethereum movement.

yes, maybe when ethereum prices have gone down and the transaction costs have also dropped, that will definitely happen. Of course everyone hopes that the transaction costs will not exceed the limit or be very high

In my opinion, considering the current insane costs of the ETH network, Ethereum has the potential to become a store of value asset because people don't want to sell it due to high transaction fees. therefore I hope the developer can find a way to speed up solving this problem.

The transaction cost has nothing to do with the potential of ethereum to be used as a store of value. When people are seeing it as a store of value and then they will not care anymore about how much the transaction fees on ethereum network.
The people who used this as a store of value will rarely send their ethereum somewhere. They will prefer to hodl it on their wallet.
The true story is ethereum is not again to be considered as a potential coin for the payment system. The usefulness of ethereum depends on the perspective that already created by the holders itself
it can change at anytime.

of course yes, because I believe the price of Ethereum will continue to increase and that will make the value of our money will also increase if we invest in Ethereum, so I agree if Ethereum is very good to use as a long term investment, because we will definitely get a big profit from investing in Ethereum and that will make the value of our money will also increase in the future.

I think only time can tell if that prediction will come true, But for now that Ethereum has many problems that need to be fixed I believe that topic is not appropriate to discuss. By the way, let Ethereum development take place to solve those problems like expensive gas fee network congestion, etc. after all those problems will be settled let's discuss again all of the (sov) potential. just my opinion.   

Just like bitcoin has become a store of value instead of a currency for your daily shopping i see that the same can happen to ethereum to in the near future because obviously ethereum is the second "biggest" and bet known crypto out there.
But i don't think that this is the vision that vitalik had and has for ethereum. Because of it's smart contract functionality it has a lot of features that can be built upon and ethereum can be much more than just a asset that is stored and never touched in your wallet.

No, it is not intended as a store of value, simply as a utility token backed up by the network that is able to compute in exchange for a fee. At this point the fee is so high that is not really worth using it.

In the future, the yield of staking will be a market commodity that will be self regulated and open to competition, thus price is unlikely to increase.

It is not a store of value, probably you can consider investing on the short term or long term but there is no assurance that prices are not going o fall from the value when you invested that is how cryptocurrency works.

That has no relationship at all when it comes to ethereum becoming a store of value, believe me if people thought that ethereum was no longer worth their time then they are going to sell their coins no matter how high the fees are, the biggest problem for ethereum to become a store of value has to do with the fact that bitcoin is store value, why settle for second best when you can get bitcoin? Some people could do it of course but the majority are going to choose the best option available to them and that is bitcoin.

And you need to add a little bit of patience as volatility really a pain in the ass while you are inside this industry.

It's your call whatever you choose, any trading style will work as long as you really understand the market, ETH have lots of promising
progress with upcoming updates, it's you to choose whether to go with the short ride or wait and maximize your profits,.

Make your assessment and take your call.

Patience is only worthy if you choose a lively cryptocurrency to invest. If you choose a dead or scam cryptocurrency for your investment, it will result in a dead call. Your portfolio will be halved many times with multiple dumps. Finally, you will end with zero money in your balance.

Lively projects are ones that have updates, activities of developments that can be checked on Github. If developers or teams are inactively in bear market and now don't show any signal to come back, dead projects are verified.

If a new project does not have any update or activity in Github weeks after the release, you can strike them out from your watch list.

Top cryptocurrencies are safer for newbies. They can not get profit but in minimum, they won't lose all their capital for investment in top coins.

That is the concern of many Ethereum supporters as well, many have switched to other coins for their transfer needs. But many are still supporting Ethereum because they see that there is still an active development on the said cryptocurrency. Once Ethereum 2.0 will be developed then I think there would be no stopping for Ethereum to be used again and be able to get a massive supportbase, that would drive the price of Ethereum much higher.

Its funny if ethereum will become store of value, ethereum from its first creation is for helping bitcoin with its smart contract so we can build dapps and many aplication for financial instrument so we can replace the old financial system. Bitcoin will be store of value and ethereum become its supporter.

At the moment, I do not think that they can get something good in fact,but after the release of Ethereum 2.0, I am sure that everything can become possible.

Ethereum 2.0 should be released next year, so we are waiting for the announcement and Ethereum will be able to implement many cool ideas.

In fact, BTC and ETH are becoming gold and silver in the cryptocurrency market, with high transaction fees and price fluctuations leading people to use ETH as an investment rather than a currency in transactions.

I don't think it has the same characteristics as bitcoin to do it, I think ethereum for what it offers should be worth much more than bitcoin and maybe in the future it will.

therefore it is not born as a store of value but will definitely be destined to increase its value.

You seem to be a strong holder.
To be honest I couldn't save for a long time even though I didn't really need the money. because in crypto I only divert my money from crypto assets to other assets.
when at the pump of course I had sold it for the profit that I had planned. and I'll look for other assets while waiting for him to come back downstairs.
but if there is a higher increase in the next quarter or the following year it will not make me regret it.

For one to be a long time holder, he needs to invest massively to the coin first. You need to put thousands of dollars to make your investment count. I have seen those who invest with low amounts and were disappointed that they don't have much money to use for their investment. Well that is understandable considering that not everybody that does crypto are rich and monied people. Many here are also common folk, trying to get a slice of the action. Even how little their profits would be.

This is why it is not going to happen, the purpose of ethereum is something completely different than the purpose of bitcoin, bitcoin is supposed to become a form of money that is not controlled by banks or governments and to be a store of value, ethereum on the other hand has always been about smart contracts, and while smart contracts can be made in the bitcoin network they are way more difficult to implement than what we see in ethereum so that should be its focus area instead of becoming a store of value.

ETH 2.0 is nowhere yet to be found, there are no updates and release when it will possibly be but there is a need for improvement for ETH transaction performance due to bulk users imthat uses it, I still hold some of my eth since there are times that the prices moves too hight or sometimes the movement is still pretty good to trade, there are more improvements for ETH that if solved can take its price to a much more level.

There are no barriers to using Ethereum for savings like Bitcoin. ETH today is not only fuel for its ecosystem, but also a rather profitable asset for investment, a means of payment and, of course, a means of savings. If we talk about cryptocurrency as a reliable storage, then even bitcoin cannot act as a storage today, while there is a huge volatility of these cryptocurrencies. But the more large investors increase the capitalization of Bitcoin and Ethereum, the more the percentage of their price stability will become.

The situation today is heading towards pushing ethereum to make it store value. Many projects are now moving towards binance chain and some existing projects are no exceptions to it. Its really now point where the solution is required to lower the transaction fees.