/biz/ - Business & Finance

>>12592420
anyone rememebr this old school brap?

The current price doesn't matter because it's based on market psychology. People STILL think ETH is inflationary (and BTC is deflationary) even though the exact opposite is true, for example. Right now most people are holding BTC and think ETH is some cheap BTC ripoff with a smart contract gimmick. They have literally no idea about the technology or even what the LN actually is.

In the long term (2+ years) the fundamentals will take precedence over technicals and ETH will flip BTC.

>>3870661
I don't think it's because they are shy.
More like trying to flex their butts for the picture or something

You only need 1 ETH to be a millionaire by 2020. That's because the Casper algorithm eats tokens over time and the value of the remaining tokens goes up as a result. For example, you stake 10 coins, Casper eats 1 coin, and you are payed 2 coins in transaction fees. There are no miners or new coins coming into the system, either!

That means, compared to Ether, Bitcoin is a hyper-inflationary shit coin (4% a year inflation that doesn't even slow down until 2030). In the long term, what will be worth more: a deflationary token that has intrinsic value as fuel for dapps made by Microsoft and IBM (the "internet of things" as they call it; your fridge can order food for you that's delivered by drone) or some hyper-inflationary shit coin that has no real world value because it can't scale? Bitcoin doesn't even plan to implement sharding!

Not to mention in less than 2 weeks ETH becomes private like Monero. Have you invested in the king yet?

i don't think the bubble can last until segwit2x fork. it's a month and a half away... which is an eternity in crypto.

it's going to be a slow bleed down after an initial -20% correction. most investors are grossly misinformed about the lightning network and scalability.

to the hodlers: beanie babies had limited supply too. bitcoin's price grows with network usage and that's capped because of the 1 mb limit. this limit has caused usage to move to alts so we should really be looking at total crypto market cap and not just the legacy chain.

the crypto bubble hasn't even started but the bitcoin bubble is basically over. segit2x hype might delay the crash a bit but it won't cause it to reach an ath or anything.

> no replay protection
just split your coins by sending a 2mb transaction? the 1m chain will reject it. literally a non-issue.

btc and btc1 are 2 different coins. both will survive just like btc and bch. people need to stop pretending btc is dead.

>>3708014
The funny thing is I'm not fudding I'm like spreading the truth in a sea of verge shills trying to get people to buy bags.

fork is mid november. segwit2x has 94% support

however, f2 pool withdrew so that's going to be around 83% at the time of the fork (they just haven't bothered to stop signaling yet because the pool owner has to restart to do it).

the original chain can survive on 17% hash but it will be painfully slow. it looks like there's going to be a split: btc and btc1.

it looks like when the dust settles there will be 3 different bitcoin versions, (btc, bch, and btc1). the problem is, after the fork, BTC WILL NEVER BE PROFITABLE TO MINE AGAIN. the difficulty adjusts too slow and lightning isn't ready yet.

if f2 pool didn't withdraw support for segwit2x, btc1 would have just been called btc since at 95% hash you, by the rules, are "bitcoin"

however, looks like we won't hit that point. this is actually according to plan by f2 pool, which is shilling for bch. with the original chain dead, bch can death spiral attack btc1 and become the "one true bitcoin."

these guys are literally playing a game of 3d chess trying to kill each other. core has some tricks though with its army of shills and the fact that it controls r/bitcoin and many bitcoin news outlets

> increasing volume and price
eth pump starting. dump your shitcoins now and get in here. next stop: the flippening.

>eth is inflationary
starts to hyperdeflate after hitting the 100m soft cap with the capser algorithm.

>btc is deflationary
inflated 4% this year (over 2x the inflation rate of usd!) with no deflation mechanism... just some cap that won't be hit for over 100 years.

>eth is centralized
early on, there was a bug in btc that caused millions of btc to be created on one account. if there's a bug that kills a coin, hard fork recoveries are pretty standard practice. these still require over 90% community support and can't be done in a centralized way by the very nature of distributed ledgers.

>no one needs smart contracts!
ibm and microsoft need eth to solve game theory problems in "internet of things" devices and are heavily invested in developing dapps.

>but their dapps are on test nets!
no shit, eth still hasn't activated caper yet so the network still relies on the slow proof of work algorithm. and the dapps are still in development, anyway.

>but the btc name! btc > eth because of normies!
btc can never, ever hard fork because someone will mine the original chain to spite core. that means 1mb blocks forever unless core gives up the btc ticker and uses a new ticker. the cost of the btc name is growing quadratically and current fees are about $20 and transactions take about 12 hours.

>but lightning!
lightning doesn't solve the 1mb block issue because it still costs the full fee to on/off ramp lightning and you can only move fractional amounts with it (because you need to lock up the vast majority of your coins as collateral to use lightning). so if you ever want to sell more than about 5% of your coins you need to do an on chain transaction which by 2018 will cost over $1000 and take over a year (quadratic growth is no fucking joke).

>some hodl meme
you hodl crypto in general, not the first fucking crypto prototype forever. ltc, eth, and xmr all have better tech and it's only a matter of time before the btc speculation bubble pops and alts become king.

>>3665336
>technicals on eth/usd

you should not do that because that pair doesn't drive the price. it's literally just a low volume arbitrage thing.

eth/btc ratio drives the price, so apply technicals to that. eth/usd is just calculated from eth/btc and btc/usd by bots and its technicals have no effect on the price trajectory.

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