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Showing 8 of 8 results by Daddeus65
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Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 14/10/2019, 19:42:02 UTC
Quote from: Kasabus on October 09, 2019, 11:42:18 PM
Quote from: StayFly on October 09, 2019, 11:30:32 PM
Quote from: Daddeus65 on September 19, 2019, 05:51:28 PM
Does anyone have any logical reasons why ETH price is still so low compared to its actual value? Isn't it like 70% of all the prominent ICO's, IEO's, STO's are all built on top of the Ethereum network? They require buying gas to run right? Wouldn't that create demand, and result in an increasing price for ETH? Is it safe to say it's being price suppressed? Or do I not understand how the platform works?

ICOs are the major reason why ethereum prices skyrocketed within the last 2 years. Now in 2019, there are very few people who have an interest in ICOs. Many people now realize ICOs are a big waste of time and money. thus, they prefer investing their money in bitcoin rather than ICOs or etherum. 

Also, please point how IEO has improve this year, it's the new way of raising funds and people are really investing on it.
With this new successful platform, it also made the market more successful as it helps to increase the trading volume on exchange that its listed.
it's growing in progress as I believe this IEO are still starting to grow, it hasn't reach its peak yet before a new platform will be introduce and would replace it.
Are most IEO's developed on the Ethereum blockchain? If not, which successful IEO's were not developed on the Ethereum blockchain?
Post
Topic
Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 09/10/2019, 16:48:56 UTC
Quote from: Silberman on October 05, 2019, 07:28:57 PM
Quote from: leea-1334 on October 02, 2019, 08:55:50 AM
Quote from: juperos on October 02, 2019, 04:07:31 AM
We don't really understand what happened. Bitcoin suddenly grew but the alts did not, and even decreased. I think the reason is that sharks are trying to buy more bitcoins, so this happened. The alts have suffered a lot from the sell-offs of high money investors.

How about the more logical reason that all these alts were pumped too high and too fast during socalled alt season and ICO frenzy?

How could most tokens that came out from nowhere and were not even used by anyone be valued so highly?

Because they had nothing more than pumps,,, plain and simple, that is all.
Some people are trying to make it seem as if it is impossible to know what it is happening and that is not true, years ago the hype for cryptocurrencies not named bitcoin was huge and since many of those developers did not had the skill to develop their own coins independently they depended on ethereum but since then things have changed, no one believes that any altcoin has any chance of surpassing bitcoin and the most promising projects are releasing their own blockchains so this has the effect of reducing the demand of ethereum.
Can you name all "the most promising projects" that are releasing their own blockchain. I'll wait.
Post
Topic
Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 26/09/2019, 18:22:46 UTC
Quote from: moneyball on September 25, 2019, 01:29:19 PM
My opinion is that eth will get replaced by a new smart contract technology in the future.
Do you have any proof of this happening? Any specific projects in mind? Better leaders? Better team?
Post
Topic
Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 25/09/2019, 03:19:42 UTC
Quote from: lumierre on September 23, 2019, 05:47:24 PM
Quote from: Bagaji on September 20, 2019, 02:22:54 AM
In my opinion, ethereum market value is low mainly because many people are now using Bitcoin directly in all there crypto currency transaction because even Bitcoin transaction fee is now low as compared to when bitcoin transaction fee was high in 2017 and that of ethereum transaction fee was low. I believe this was why many people were converting Bitcoin to ethereum for there crypto currency transaction as at then in the 2017 that led to the increase in the value of ethereum.

IEOs projects are not actual now, and this is one of the reasons why Ethereum lost a lot. However, it will go up in 2020, when Ethereum 2.0 is launched. Nevertheless, I do not think that we will see ETH for its maximum in 2017, when it was over a thousand. Now, the best price of the altcoin can be 800 USD maximum, and it will happen only when Bitcoin reaches the top prices again.
Do you have any backed reasons why you said "the best price is 800"? Please share.
Post
Topic
Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 21/09/2019, 19:09:06 UTC
Quote from: LogitechMouse on September 21, 2019, 12:39:39 PM
Quote from: Daddeus65 on September 19, 2019, 05:51:28 PM
Wouldn't that create demand, and result in an increasing price for ETH? Is it safe to say it's being price suppressed? Or do I not understand how the platform works?
Take note that the supply of Ethereum is also infinite so that also affect the price of it.

Last year, we are in the year of the correction. In 2017 it went up to ATH at $1300+ but now it's price is at $200. Because of the bear market that happened last year that is why it is below the actual value. I'm expecting that the rise of Ethereum will start next year when ETH 2.0 will be implemented.
Scarcity drives price. So if the supply of Eth is infinite, wouldn't price likely always stay relatively low? Also what do people actually need to buy ETH for, to get the gas right? But 1 ETH is more than enough gas to run an entire project? So how often do projects like Harbor have to buy ETH?
Post
Topic
Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 20/09/2019, 17:14:39 UTC
I wasn't asking for investing advice. I just wanted to know how the ETH platformed worked and why it's price isn't higher when great projects like Harbor, DYDX, Tether, etc all run on the platform.
Post
Topic
Board Speculation (Altcoins)
Re: ETH Value???
by
Daddeus65
on 20/09/2019, 02:23:16 UTC
Quote from: WalkerIVIV on September 20, 2019, 01:16:46 AM
it's still low compared with actual value consider about with the increase of the circulating supply of ethereum and the demands are getting decrease a lot. Majority of the new platforms have been using ethereum as the parent platform and that's correct. They require gas but it's not so much but remembers those icos will be dumping their ether to the market again to get the money. It's quite safe.
It looks like you just understand how the platform works a little bit.

This helped a lot.

So the gas is ending back up in the market, so the supply is ever increasing. Is there a total amount of ETH that can be created?

So essentially if I have this correct, the way the ETH price goes up is when the tokens on top of the ETH platform are being utilized so heavily that the demand is high, while the supply appears low. However wouldn't that mean that the platform would be getting bogged down with transactions creating a freeze? Which would then drop the demand severely since the platform won't be functioning properly. Thus keeping price low.
Post
Topic
Board Speculation (Altcoins)
Topic OP
ETH Value???
by
Daddeus65
on 19/09/2019, 17:51:28 UTC
Does anyone have any logical reasons why ETH price is still so low compared to its actual value? Isn't it like 70% of all the prominent ICO's, IEO's, STO's are all built on top of the Ethereum network? They require buying gas to run right? Wouldn't that create demand, and result in an increasing price for ETH? Is it safe to say it's being price suppressed? Or do I not understand how the platform works?