If the tention is about only the high transaction fee then here is actually no way because as much the coin will demandful the fee will be high. Even it's ethereum or any other.
Actually not just the fees but in general ETH is not looking promising now although it will always be relevant but I mean the use case is not as much as it was before and the DEFI bubble is certainly over or at least slowed down to such an extent that now not many projects are being made and investors have turned away already. I believe Polkadot is the future if you ask me but still not sure how it is going to work so keeping an eye, also don't get me wrong about ETH, I myself hold a good amount of ETH but that does not mean I will only talk positive about them even when they are doing bad. The price is good but I am concerned about the future. Appreciate your logical and realistic approach towards crypto currencies. This is how an Intelligent Investor should think about intrinsic and future value of any asset including crypto, not what value it holds today.. We should not fall in love with our holdings and sell them when they are overvalued. |
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If you are really a long-term supporter of ethereum then you must already know that ethereum will never going to die because as long as there are people who is holding and entrusting their money to the altcoins then it will not be going to die, and another thing is that ethereum is 2nd to the large coin in the market so who will think that this will probably going to die? Even it takes months or several years I don't think it will going to die. To be honest how it will going to die if they will launch an Ethereum version 2.0 meaning they will not launch another ethereum if the first ethereum is having a problem.
With all respect for your thoughts, The major problem with Ethereum is scalability. this means it can only process 5 transactions/seconds which is the major cause of huge gas fee. Hope Ethereum 2.0 will solve this issue but nobody knows when it will be launched. The second problem with Ethereum is activities connected with money raising that every company is trying to do. It can have very negative consequences. These activities can lead to huge liquidation of Ethereum that was raised and just left on the market. This way price of Ethereum can crash. Ethereum also has no fixed supply it means whenever a new coin is put in circulation the value of Ethereum will lower. Ethereum will remain inflationary. |
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This was bound to happen. From what I have noticed, in the cryptocurrency sector the tendency is to cash out from new innovations even before they are being developed properly. DeFi is a great idea and can go wonders if implemented properly. But already too many players have attempted to enter this sector and to make quick cash. They fail to understand that you need to have a working product first, before you can try to encash it. Gone are the days when people would we willing to pay you millions, just for a good idea.
Very well said. You have correctly identified the trend in crypto currencies of cashing out even before it is fully developed. The idea of yield farming and staking is also not working so well now. I have personnel experience of investing in farming/staking on one of famous wallet which ended up in losses. I had to pay more fee when i stake/unstack than what I had earned from farming and staking. |
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Bitcointalk username: Sayeds56
Telegram username: @shahidalisyed30
ETH address: 0x2D733d76665414042be9B8CdAdF13F27f9D09AC0
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I believe there is a huge potential that it could do it. We are just $3k away from it right now and that is under 20% increase for now, and we all know that 20% increase is nothing in crypto world, so it could definitely happen at any moment now. I don't know when it will happen or how it will happen but I feel like not only we can break over $20k but we could go even further.
Looks like if we keep this pace up, before November ends we could reach to $20k levels and after that when December comes we could make a run for making a new all time high that would be hard to break. Hopefully we will not drop too much after these huge runs, because going high is a great thing but going very low after that high has been horrible for the past three years since last ATH.
Well said. I fully subscribe to your views and hope this time it will not be repeated what happened in 2018 because there is more acceptability of Bitcoin among general public as well as institutions. There is huge involvement/investment from institutions side during the past months and years but crypto market always comes with surprises, you never know what tomorrow brings for you. |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
in the past a lot of project claimed as ethereum killers, but until now ethereum still stand as the best altcoins in the market right and now you ask "is ethereum going to die ?" i believe all people will give "NO" as the answer mate, ethereum will not die Well said. The difficulties Ethereum network is facing since many month will not die down so soon and projects will migrate to other networks like Polka Dot. It is a young project that officially migrated to Main net in July. Since then it has attracted numerous investors and has reached Rank # 8. The Business news magazine Bloomberg has chosen Polka dot as new competitor of Ethereum. Its current price is only 10% of Ethereum but potentially it can grow many folds. Currently, 253 projects are based on Polka dot such as stable coins to social networks. According to the Polka Project tracker, this number was less than 200 at the beginning of September, so a sharp increase has been seen in just a few weeks. According to some industry experts, developers activity can be considered a powerful metric that reflects the true value of a project. yes you're right, Polkadot is the main contender. but even so ethereum doesn't die. Right now Ethereum is too strong to lose. just look at they still rank 2nd in market cap. but that doesn't mean Polkadot doesn't have a chance in this competition. as you said in just a few weeks since they launched their mainnet they were flying high and gaining a lot of new users. this is a serious threat to ethereum in the future. I totally subscribe to your views and strongly believe that in a competitive environment only the fittest survives. The projects with strong Marketing and Technical teams and Visionary management, will certainly perform better, either it is Ethereum or Polka dot. Crypto currencies Market is full of surprises, we cant not correctly predict what tomorrow brings for us, only the time answers our all questions. |
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Monero is a Privacy coin, founded in 2014 and some people call it " Improved version of Bitcoin" its price didn't see much action till 2017 but in mid 2017 t0 2018 its price went up from $12 to @494 when it got popularity as privacy coin. The current price of Monero is around $120 which is the highest of 2020. Keeping in view the Technological developments it has gone through and Hype in crypto market, it is possible that Monero will break its ATH record.
The possibility is always there after all from its current price it only needs to do roughly a 4x which is not that much if you ask me, however the problem that monero has is precisely that is a privacy coin, and many exchanges prefer not to deal with those kind of coins because they fear they will get in trouble with the government because as we know those coins unlike bitcoin offer real privacy and to me that seems like the biggest roadblock for monero to reach a new all time high. i totally agree with your opinion that in an environment where governments all over the world are trying to regulate all kind of Financial products including crypto currencies, the exchanges are reluctant to deal with such currencies which might put them in trouble. We all know that this crypto currencies world is full of surprises and whether it breaks its ATH record, only the time will answer. |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
in the past a lot of project claimed as ethereum killers, but until now ethereum still stand as the best altcoins in the market right and now you ask "is ethereum going to die ?" i believe all people will give "NO" as the answer mate, ethereum will not die Well said. The difficulties Ethereum network is facing since many month will not die down so soon and projects will migrate to other networks like Polka Dot. It is a young project that officially migrated to Main net in July. Since then it has attracted numerous investors and has reached Rank # 8. The Business news magazine Bloomberg has chosen Polka dot as new competitor of Ethereum. Its current price is only 10% of Ethereum but potentially it can grow many folds. Currently, 253 projects are based on Polka dot such as stable coins to social networks. According to the Polka Project tracker, this number was less than 200 at the beginning of September, so a sharp increase has been seen in just a few weeks. According to some industry experts, developers activity can be considered a powerful metric that reflects the true value of a project. |
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If etheruem is having huge fees lately that I have not noticed that but high fees won't kill etheruem because bitcoin also has huge fees from time and even at the moment now it is bulling, etheruem won't die because is a strong project.
That's right, a project that is really strong in foundation and enthusiasts will not easily die by small things that sometimes make the user bored because of it, so it will be impossible to die even though it's possible that it still can. You are very right that it is very strong project and will not die easily but it is facing tough issue of scalability and lower network speed since past many months. That will certainly impact its popularity if the team fails to resolve them within a reasonable time frame. |
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We can not say that Ethereum is going to die knowing the fact is on #2 position as a trading volume and as cap. About the fees you should not worry . Ethereum is cheaper than Bitcoin when it comes to transactions fees and speed. I know there may be also other coins who are fast than these 2 but they are safest as a investments
Well said. The core purpose of any business is making profit including investment/trading in crypto currencies and Cost of doing Business is very important component when it comes to profitability. The cost of Gas and transaction has gone exponentially high in case of Ethereum. Nokia was the most popular Brand 10 years ago in Cell phone industry and today nobody remembers it because Apple and Samsung came up with better features at reasonable price. The Clients of Ethereum will certainly move to other networks who are offering better features with reasonable cost. |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
Ethreum network shows how limited it is. I do not think Binance or EOS will take over the Ethreum network but Polkadot has everything to overcome the ethereum network. ETH 2.0 makes ethereum network more scalable but Polkadot is much better because of its cross-chain features when ethereum is a single chain network. Well said. I am also supporter pf Polkadot and agree with your thoughts about it. The kind of features it is offering and current market price makes it worth investing for huge gains in the long term. |
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I am a long term supporter of Ethereum and know that it is the most trusted network to create smart contracts but the kind of Huge fees for withdrawal and swapping of tokens, we have to nowadays due to slow network or congestion , is going to make it unpopular coin in coming months and other networks like, Binance, EOS, Polka Dot may take its place . The issue with Ethereum is that its developers are trying to scale running Blockchain which is like repairing a car while driving.
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