Ninjastic
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Post
Topic
Board Altcoin Discussion
Re: Ethereum Becoming a Store of Value
by
mrjoy15
on 02/04/2021, 01:04:13 UTC
Quote from: J1mb0 on April 01, 2021, 07:39:27 PM
Quote from: Nhor1011 on April 01, 2021, 04:27:43 PM
Quote from: NatureMoves on March 17, 2021, 03:59:06 PM
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.
Agree. That's why I have depending on both Ethereum and Bitcoin nowadays. I'm not selling ever, just going to buy back in and HODL to 5K, and hopefully the cycles continues. Market manipulation happening right now, not tempted over it. Stay strong.