/biz/ - Business & Finance

>>25436855
You want to know justed Anon? I bought 50 ETH for a TOTAL of around ~7.5 BTC in June 2017 at the time of the flippening hype. That 50 ETH is now worth 1.2 BTC. I more than 6 BTC on this shitcoin. 6 fucking BTC. That is over $200K and that number only keeps going up. The worst thing is that amount will probably be in the millions in a few years.

>>24904960
> historical snapshot
21.3 Million more ETH created since the summer of the 2017 Bullrun. ETH was $360, BTC was $2,500. This is one of the reasons BTC has gone 10X while ETH has not even doubled!!!
> https://coinmarketcap.com/historical/20170615/
Other reasons include founders/devs/insiders dumping 70 Million of premine and ICO scammers dumping millions of ETH they got for free.

>>23604391
Let me show you something retard:
June 2017
> ETH circulating supply 92,128,982 price $2,200
> BTC circulating supply 16,366,112 price $2400
October 2020
> ETH circulating supply 113,209,111 price $390
> BTC circulating supply 18,529,256 price $13,500
That is not counting the 12,000,000 the ETH developers were rewarded and keep dumping for development and lifestyle expenses. Plus, ETH2 staking will create emission/inflation on both POW and POS chains. This is why $300 range is ETH's real value.

>>23398886
$300 range is ETH's natural price. It was stuck in this range for 6 months in 2017

Why does ETH has so much trouble breaching and staying above $300. Remember 2017, ETH was stuck at $300 levels from June to November when BTC went from $2,500 to $9,500

Remember 2017, this shit stayed at $300 levels from June to November despite the fact that ICOs were loading up on this shit. Meanwhile BTC went from $2500 to $10,000. I don't see any way this goes up to $400 levels this year. Maybe post BTC halvening.