Ethereum prices can tremendously shoot upwards thanks to Reddit.

[Juggy777]

Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.

What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.

Sources:

https://www.digitaltrends.com/web/what-is-reddit/

https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system

[bttmember]

Buying Ethereum is always a good think especially from long term support areas or dips, long term holders and accumulators do know its value, while i am not sure about the reddit system what i know is that reddit is also looking to launch their coin or token and may be it would be erc 20 token so i do not know what kind of impact it will have on Ethereum, to be honest i think Ethereum itself has strong enough fundamentals that it will fly off its own soon.

[BlackFor3st]

Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.

What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.

Sources:

https://www.digitaltrends.com/web/what-is-reddit/

https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system

Even if 30-50% of reddit users will likely to adapt ethereum, it's impact still very big knowing that there are millions of users in reddit. If the Eth price will skyrocket in the following days or months then it will be the result.

Anytime is a good chance to buy Eth as it has potential but right now that we are facing a pandemic, I am not so sure if right now will be the right time to buy. For those who have extra money then right now is the best time to buy eth and hold for a long term but for those who are facing difficulty in surviving the lockdowns then maybe after the pandemic is the right time to buy if we can recover easily.

[minairia3]

What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?

This is a great news indeed but I am not sure if a single famous project like reddit can pulled hard eth price right now. I am not saying this will not be of help the numbe 1 altcoin but seeing the world economic falling due to crisis still we cant easily fly high with these good news that we are receiving.

If youre asking if the right time to buy now is actually yes. The price is fair value now and we can see it more increase in the following month as eth goes nearly their POS migration.

[Bonwin]

Reddit is one of the best platform =s to reach out to so many crypto enthusiasts. So, having Reddit play a part in this is an opportunity to get Ethereum up its feet again.
For a long time now, I have always known that in whatever form or way, Ethereum has a way of gaining its relevance and making more investors come for it.
There is virtually no investor in this save that does not have an account on Reddit and if there is any that does not have, they are the minority. Somehow, they will get to know about what is happening.
I do not frequent more on Reddit, but here comes the news, which will make me go back and search through my Reddit account. this is what I feel will happen to many and more awareness will be created.

[mahilchii]

Reddit is one of a best project in crypto forum, there were news that the major thing which need to be said about using Reddit as a way to promote an ecommerce stores and to encourage sales.

There are many different and unique benefits of using Reddit which is like using a transport for a business, if eth join hands with Reddit I am sure it will rock again..

[kingzpro]

I am definitely long on Eth and there is no secret about it, every serious person in crypto space is holding and even gathering more and more eth whenever they can or have extra cash available, now ithink it is just a matter of time and soon eth 2.0 is coming out after which i think eth value will skyrocket. Reddit is great platform and it would be awesome if it supports eth network in any way positive.

[mu_enrico]

Reddit will increase ETH "traffic" for sure, BUT the news is only mere speculation at this point (skeptic is my middle name, lol).
Moreover, it will be worthless if ETH cannot scale. I think ETH 2.0 progress will be far more critical for its future (and price).

[akhjob]

I don't think that just because Reddit is planning to create a token based on the Ethereum platform, it will drive the price of Ethereum tremendously. Maybe we can see a short term uptrend but I don't think it's going to have a major effect on the long term Ethereum prices. Currently, the Ethereum's value transfer is dominated by the Stable coins and with the introduction of Reddit token, the value transfer of ETH is going to suffer a bit more. But Ethereum, by itself, is a good investment and its always good to invest and HODL.

[bakasabo]

I did not get it how Reddit gonna use that new token based thing. Are they going to replace silver/gold coins with tokens to mark post or comment as "good" or "cool" ? I think that giving reward for post/comment, that might cost more that 1 cent or have a financial value will destroy the platform. It will turn reddit into steemit. Who needs another steemit, that is filled with bots and "wales", raise your hand.

[Rengga Jati]

Reddit is often billed as the front page of the internet,

Tha's right, many people are also using Reddit to get daily update news, information, and issues about many things around the world. Moreover for the crypto world, Reddit becomes one of the platforms that is most used. We cannot ignore how Reddit can give infleunce to many sectors.

planning to launch a new point based system involving Ethereum

Very good news, however, we are probably still waiting for what kind of system they will plan. The system and technique will infleunce how the users of Reddit should or must use ETH or otehr relation to Ethereum coin. Is it only for addoption, utility, or other uses?
Sometimes, whatever that is very booming and hype will not run well such as Libra at that time. There must be other bad issues that will spread and make the project or even plan changing.
However, hopefully, this will not happen right now for Reddit.

ETH is actually a very recommended coin to trade or invest every time. With many more good news and issues about it will be able to increase the price significantly.

[ife2020]

I think it is a very positive move for etherum when reddit made the announcement about adopting etherum tokens.
And ofcourse, it lead to more demand for etherum which shoot up the price and value.

Many more of this, and etherum could be ready to be bullish when the bitcoin halving is here

[20kevin20]

Oh come on, haven't we learned our lesson already? These "adoption measures" don't change the price that fast. It's a matter of long-term actions for the price to have a considerable long-term change. Reddit using ETH won't "drive it to the moon"..

I've been fooled by these kind of news countless times until I learned my lesson. If the price pumps because of a website starting to use/accept the coin, it's gonna be short term. 100%.

[CryptoCrawler_2017]

I came across such news last coople days & i think it's gonna be huge push for Etherum.
This ReddIt move will differently make Etherum more famous & mass adopted.
ReddIt is huge & well know & making Etherum as the key for it's next Cryptocurrency project is something not to be ignored.

[Furryball]

Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.

What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.

Sources:

https://www.digitaltrends.com/web/what-is-reddit/

https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system

I think the key problem affecting Ethereum presently is the lack of max supply, Ethereum has infinite supply and no matter how many people adopts the token it won't mean much, days ago vitalik said they plan to implement deflation, this can't be possible without max supply, I'm suspecting a big surprise is coming

[tycsols]

Really interesting news and being a mature network especially related to crypto and blockchain i am sure reddit will have a great positive impact on the price of Eth as it will help in boosting the fundamentals and also create a demand for eth where the reddit community will be able to buy reddit points or coins for eth so they can use different services offered by reddit paltform.

[Melody2]

Reddit is often billed as the front page of the internet, and if you have ever visited it then you’ll know that it’s true as millions browse it daily. Now the good news for Reddit users is that they’re planning to launch a new point based system involving Ethereum, which means that millions of Reddit users will suddenly adopt Ethereum coin and due to the sudden adoption it’s prices will soar to the moon.

What do you’ll think about this move by Reddit, do you’ll too believe that it’s the perfect time to buy and hodl Ethereum? or you’ll feel one should wait for some more time and then buy it?.

Sources:

https://www.digitaltrends.com/web/what-is-reddit/

https://www.coindesk.com/reddit-may-use-ethereum-for-a-new-token-based-points-system

When people get rewarded with Ethereum for making posts on reddit, they get to sell/dump their rewards for fiat. How does this foster adoption for Ethereum or cryptocurrency in general?
 

[jostorres]

I doubt it would really change ethereum at all, if you really use reddit and know what they are doing, this has absolutely nothing to do with ethereum at all aside from the fact that it is using ethereum blockchain but that's it. This would basically be a new way reddit could make a profit and with this method they could actually make people earn some money while contributing as well, kind of like steemit website where you write and make money.

Aside from that, there is nothing that would change in ethereum, reddit will continue to make a profit, people would actually be able to like each others work with points that worths something instead of just simple clicks that are worthless. I would say it may cause some shit posting but if they want to there is no way to stop them.

[qazgroup]

I think Ethereum 2.0 and change of its algorithm to POS is bigger thing than reddit coming up with an ethereum based token, there are thousands of eth based tokens already available, so i am fundamentally bullish about eth and not due to a specific project.

[TheGreatPython]

Well, another question you should be asking yourself is - what is the purpose for those that will be adopting the Ethereum coin? What if they all install wallets that would let them receive Ethereum just so that they can receive and sell it immediately to fiat and nothing more? When they are receiving and selling, then that's not going to be making any impact.

The only time that it's going to help is when the community brings more investors to Ethereum and lots of people from Reddit starts investing their money in Ethereum and storing it, and not just receiving and selling them immediately to fiat. Anyway, I can't tell what would happen then from now. We can only just wait till then and see for ourselves.