Eth 2.0 Impact on Eth

[LibertyShire]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

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[ashmodeus]

u just missunderstood it, we still and always have 1 ether, it doesn't mean eth 2.0 the ether will split or have a new clone of ether. its just major upgrade for ethereum network , from PoW to PoS , why should they change the system ? , well just try to learn it here.

[Fivestar4everMVP]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

Just like the first poster already said, you misunderstood the whole thing, eth 2.0 isn't a new eth coin, there will never be two different eth coins in the market except some scammers or some hungry developers make a clone, the much awaited eth 2.0 is just a major upgrade that will be applied to the current Ethereum network to help scale it further so as to help bring down the high cost of transaction fees which have been a major problem if the blockchain is last year, it will also be moving Ethereum from being a pow coin to POS, this means that Ethereum can no longer be mined but staked.
So for me, I think the release of eth 2.0 should rather cause eth to highly increase in value rather than come crashing, the release of eth 2.0 will be the best news for Ethereum supporters and users.

[masterrex]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

Are you confuse about Eth 2.0 upgrade or it was just a typo? IMHO, I believe that nothing has changed except the price has increased too much but it also became a burden for ordinary users like me, because of the monstrous transaction fee. that's why until this problem is not yet fixed the Ethereum 2.0 development will remain incomplete and I hope that the EIP-1559, proposal was implemented to fix this gas problem a soon as possible.

[LibertyShire]

I got it, the misconfusion was due to the separation between eth and eth classic, i though they might do the same with eth 2.0

[rodskee]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

What? 1.0 and 2.0 ?  lol just like what mentioned above this will not split the Ethereum but instead will help the development and progress of Ethereum network and platform.

actually the Pumping value now is the effect of 2.0 version because people starts to realize and analyze the good help of the launch last year.

[makishart]

I got it, the misconfusion was due to the separation between eth and eth classic, i though they might do the same with eth 2.0

There will be no fork coin like ETC. Ethereum 1.0 will be migrating into the ethereum 2.0 (POS) system. That means if this update will bring the transition from the ethereum POW with uncapped supply to the ethereum POS with capped supply.
There's a rumour about ethereum genesis but it's not yet happening till this time. So many parties didn't like if there would be another fork coin again other than ETC

[livingfree]

I got it, the misconfusion was due to the separation between eth and eth classic, i though they might do the same with eth 2.0

You probably have thought that there will be a consensus that shall stay on the 1.0 and the rest will move on continuously on the 2.0.

But that's not it.

There's a major upgrade to Ethereum and its consensus algorithm for which will make it one of the biggest update that we'll ever have coming from one top altcoin.

[disconnectme]

There are no two Ethers, it is just like Uniswap launching new platform, the tokens are still the same, you lock your Ethereum into a contract and the new chain gives you your Ethereum when 2.0 upgrade is done. As for price speculation, I think the price will dump after the forth coming hard fork, the coming upgrade has been priced into the current price action

[DrearyUrbanite]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

Just like the first poster already said, you misunderstood the whole thing, eth 2.0 isn't a new eth coin, there will never be two different eth coins in the market except some scammers or some hungry developers make a clone, the much awaited eth 2.0 is just a major upgrade that will be applied to the current Ethereum network to help scale it further so as to help bring down the high cost of transaction fees which have been a major problem if the blockchain is last year, it will also be moving Ethereum from being a pow coin to POS, this means that Ethereum can no longer be mined but staked.
So for me, I think the release of eth 2.0 should rather cause eth to highly increase in value rather than come crashing, the release of eth 2.0 will be the best news for Ethereum supporters and users.

We sort of do have two ETH coins which is the fork in the form of ETC. Or not exactly two ETH but that is a possibility that another fork might happen as soon as a group of ETH holders isn't satisfied with certain rule changes or the roadmap. The ETH 2.0 release has been delayed? Wasn't it supposed to be live already?

[Scripture]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

This is just an update mate, and on what stage we are now on this update? Since it looks like it slowly adopting by many and the price reacts on this one. Though some problem are still pending to be solve especially the fees of transacting on this network, I hope before the end of this update, they come up into a good solution and make the ETH network cheaper again.

[husencoe]

As said above, this upgrade is not for creating a new coin like ETC, but a major update to the ETH system.  We know that there are some big problems with ETH today such as huge transaction fees.  I hope that with this renewal ETH will be even better and can solve current problems, especially the transaction price can become friendly.

[bayudndy]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

You're making fun of yourself, it's okay you're a real novice, and you should learn more about it than time and money for things you don't understand.

[LibertyShire]

"You're making fun of yourself, it's okay you're a real novice, and you should learn more about it than time and money for things you don't understand."

That's why i asked this question, not everyone can track all technical attributes of all altcoins.

[Reatim]

Since the launch of Eth 2.0 seems to be earlier, will this news drive the price of Eth 1.0 down ?

No thats not how it goes mate, Ethereum was just being Boosted by having 2.0 version meaning the progressive action of developer added this for the goodness of the platform and the network and not for competition or anything in related.

"You're making fun of yourself, it's okay you're a real novice, and you should learn more about it than time and money for things you don't understand."

Well that's why there is a Forum like Bitcointalk.org and there are accounts like us that will help enlightening you.

That's why i asked this question, not everyone can track all technical attributes of all altcoins.

Don't be hard on them Mate, they are just not aware of your understanding so best to use those answers for your own benefits.

[Smitty Werben Man Jensen]

As said above, this upgrade is not for creating a new coin like ETC, but a major update to the ETH system.  We know that there are some big problems with ETH today such as huge transaction fees.  I hope that with this renewal ETH will be even better and can solve current problems, especially the transaction price can become friendly.

Indeed, with the release of ethereum 2.0 I really hope that transaction costs can be reduced because so far in my opinion it is very large,
hopefully this can be heard by his team and can be resolved soon,
because many people also complain about the large transaction fees

[jesselui]

No. Ethereum 2.0 is a development to support ethereum. I don't think it will hurt. On the contrary, the price of ethereum will increase in my opinion, as it is a development that will help reduce the excessive wages.

[Argoo]

No. Ethereum 2.0 is a development to support ethereum. I don't think it will hurt. On the contrary, the price of ethereum will increase in my opinion, as it is a development that will help reduce the excessive wages.

Renowned trader Ben Armstrong predicts an increase in the ethereum price by mid-June to $ 5,000, by the end of August to $ 10,000 and by the end of the year to $ 27,000. At the same time, he said that he would shave his head if the price of ethereum by the end of the year does not reach $ 10,000. Of course, this is a less traumatic promise than the famous promise of John McAfee that the price of bitcoin will rise to a million dollars, but Ben Armstrong's hair seems to be very dear to him.
Well, $ 27,000 ethereum may not reach $ 10,000 by the end of this year, however, I hope it can go up to $ 10,000.
Ben Armstrong interview link https://cryptonews.net/en/622920/

[Roidz]

No. Ethereum 2.0 is a development to support ethereum. I don't think it will hurt. On the contrary, the price of ethereum will increase in my opinion, as it is a development that will help reduce the excessive wages.

With the existence of ethereum 2.0 it will certainly make ethereum better in every way and of course the influence of ethereum 2.0 will have a positive impact on eth 1.0, because basically ethereum 2.0 has a staking mechanism so that when the staking process starts it means the user allocates eth to the contract address eth 2.0, and if the popularity of staking grows and develops properly it can certainly produce stable results with relatively low risk, this will cause the circulating eth supply to decline sharply and automatically with a limited supply will certainly make ethereum prices increase rapidly as it is today .

[bayudndy]

That's why i asked this question, not everyone can track all technical attributes of all altcoins.

Then learn to listen to everything from people, work hard to learn from those who have gone before, and this market information is also very sought-after. Here people will help you with a generous attitude, I just want to advise you to be patient for learning.