Post
Topic
Board Altcoin Discussion
Re: Ethereum Becoming a Store of Value
by
tbterryboy
on 23/03/2021, 18:44:47 UTC
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.