Quote from: FanEagle on Today at 05:52:42 PM

Quote from: serjent05 on July 10, 2022, 09:27:23 PM

Quote from: worldtraveller321 on June 16, 2022, 08:22:00 PM

What are your thoughts on this?

It is still unknown how will the market react to the incoming update of ETH. Many are hesitant about the transition of it from POW to POS but most certainly there will also a group that will favors it. So those who are in favor of the incoming updates will possibly do their best to make the incoming update look like a positive move.

I think it's going to be a long term increase and not something people will take a look at right away. I mean we are talking about 32 ETH minimum start price, which means that there will be a ton of people who will buy that. Even when it first appeared with phase 0, and some places are doing it right now, it still had a huge impact on the prices.

I remember 2020 December very clearly when people bought a ton of ETH and filled that bar very quickly. This is the thing we should look at, when the time comes it will happen again and we are not going to end up with anything bigger. We should end up trying to do something that will make a big difference for sure. All those purchases will make the price go up more and more each passing day.

They wont really be making such transition if they wont see any beneficial or positive outcome on such changes or update even though its not guaranteed that it would really give out positive results but at least they are making or doing their best for the said project and also it wont be sitting on 2nd place on the entire market for nothing.I dont believe that it would be devaluing or becoming zero.
Dont know on where people do really get this idea but sensibly speaking we know that ETH is not a shit project and its been on 2nd place for how many years.
If you do see that it could shoot up its price even more on such update then you could always chose to risk out.