Ethereum Becoming a Store of Value

[bitgolden]

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.

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.

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[WinBIts]

With so big fees it not suitable for payments anymore

[Dutchyyy]

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?

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."

[Finestream]

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

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.

[acdc]

Investors believe in the currency's future and keep it as a long-term investment.

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.

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.

[shinratensei_]

With so big fees it not suitable for payments anymore

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.

[longyenthanh]

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?

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.

[bitkanu]

Based on eth's chains performance which is seriously bad with absurd fees, it should not have the market dominance it has now, it should have been overtaken by its competittors with better working block chain but it is still there in the second place, which shows that it is becoming a store of value.

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.

[passwordnow]

With so big fees it not suitable for payments anymore

Yes, it's not currently. But if you saw the news about its solution.
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket

[Bustart]

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?

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.

[South Park]

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.

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.

[lienfaye]

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.

[leea-1334]

With so big fees it not suitable for payments anymore

Yes, it's not currently. But if you saw the news about its solution.
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket

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?

[mulia sabee]

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.

[Lantind]

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.

[passwordnow]

With so big fees it not suitable for payments anymore

Yes, it's not currently. But if you saw the news about its solution.
Ethereum’s ‘EIP 1559’ Fee Market Overhaul Greenlit for July
Ethereum’s Upcoming EIP 1559 Upgrade Could Cause ETH Price to Skyrocket

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?

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.

[Kunnu]

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.

[makishart]

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?

I agree, take a look now the fees for transactions are too high.  no one wants to use eth as currency this is a big problem.  eth founders should have done something or immediately realized eth 2.0

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

[mulia sabee]

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, 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.

[tbterryboy]

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?

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.