Ethereum Becoming a Store of Value

[iTradeChips]

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.

[Lantind]

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.

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.

[South Park]

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.

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.

[Argoo]

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?

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.

[mulia sabee]

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.

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.

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

[awakpane]

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.

[JeffBrad12]

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.

[kevinzxz]

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?

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.

[masterrex]

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 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.   

[Jackl87]

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?

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.

[paxmao]

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?

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.

[semobo]

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.

[South Park]

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.

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.

[Fredomago]

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.

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.

[btcsmlcmnr]

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.

[iTradeChips]

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.

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.

[devollito]

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.

[sunny28]

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.

[J1mb0]

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 so, because the gas fee of Ethereum which is too high. So, Ethereum is a store of value or just an investment and not a currency. People now always find other  coins with small transaction fee in order to withdraw and lessen the gas fee if they use ETH. Even me I rather use XRP for withdrawal transaction or AVA coin to prevent a large amount of transaction fee.

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.

[Cappex]

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.