Everyone is speculating on what is going to happen to the Ethereum price after the merge and trying to figure out several things surrounding it. It is clearly a huge event both for miners and the entire crypto ecosystem. Miners are going to have to find other coins to mine which is very rough during a bear market. It will cause a lot of them to be very unprofitable. The other thing that hasn't been talked about that much is the premise that there will be a huge inflation bomb that will hit the exchanges because what about all the rewards that the people who staked their coins on the beacon chain will end up having to deal with? Also some exchange services like Kraken allowed people to stake their Ethereum on there so all those additional coins could hit the exchanges. I guess that isn't happening for several months.
Another question is if the chain will really have improved usability over what the EVM chains have such as the Binance Smart Chain, Avalanche, Solona, Fantom, Harmony ONE and also the layer 2 solutions such as Polygon.
Personally I think that people should keep Ethereum in their stack and there is enough attention and hype around this whole thing that people will ultimately chase after it despite those coins coming in from staking rewards from the Beacon chain and miners potentially becoming unprofitable having to find something else to mine which could cause them to have to sell some of their stack as they get pressed out through the bear market.
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I have been having a difficult thinking... should i sell my ETH?
The ETH is sitting there to buy VERI, but ETH kept going up and VERI down... until VERI got their patent, then it shot up... and now is almost back down where it was
The reason i didn't buy was that ETH gas was too expensive.
Not sure which order to work this.
in my opinion buy eth with any exchange like binance at zero fee after merge price likely go up and you get profit. "buy at your own risk not force you to buy"
I don't know..... I might be looking at the wrong thing but seems like VERI peaked higher last cycle and lost energy. Am I looking at the right thing?
https://coinmarketcap.com/currencies/veritaseum/
You are looking at the correct thing.
It peaked high on news. News that Reggie won his court case.
We were all expecting VERI to get put onto larger exchanges.
However, i have been watching it in comparison to ETH.
There was a time it was near 0.01 ETH
now it is at 0.017 ETH
VERI is a long shot... sorta.
The stock markets are going to crash because of fraud. (more stock is traded than stock outstanding)
And when the markets are destroyed because of loss of trust, Reggie is going to be the one the govern-cements come to in order to fix it.
We believe VERI is the platform that will be used.
(VERI is almost plug and play setting up tokenizing of stock, and providing trading)
Old Clif High data had VERI at parity with bitcoin.
So, i am sitting on some ETH to buy VERI... and then the gas prices went way up (for me and my little transactions)
But, i am unsure if ETH is gonna stay... so many pitfalls.
And i am unsure if VERI is gonna be the actual platform. (Reggie could make something new)
Right now, i feel iffy about ETH, and that spills over into VERI
But!!! both could come out bigger and stronger.
So, its a long shot, but who wouldn't buy bitcoin at $30 now?