/biz/ - Business & Finance

>>11889844
Implying that /biz/ doesnt know that.

>>11889844
Hell off a ride. wish I had shorted more than just three eth as insurance. Went right through my stop loss at 195. mad luck

>>11889844
>he's so retarded and angry that he doesn't know the whole market is down, not just ETH
embarrassing

I love it, doubled my normal DCA this week just because

>>11889844
And 1 DAI = $1 still. The implications of this are staggering.

>>11890016
yes the system is still to fail lol

DOUBLE DIGIT SHITCOIN WHEN? ?

>>11890016
explain to a brainlet

>>11890255
In less than a hour

>>11890848
DAI is an erc20 stablecoin, the only decentralized stablecoin in existance. It is backed and regulated with voting rights by makerdao.

MakerDAO uses game theory and a provides a type of decentralized margin trading system to provide incentive for keeping the DAI price as close to $1 as possible.

There are few things that have been touted as the future of finance and shit, but this is actually it. Consider $DAI as a realtime proof of concept and root for the guys putting so much skin on this game.

>>11891444
Checked & redpilled

>>11891444
Tight, I was thinking of getting a DAI loan when I sell my alts for some ETH but the liquidation thing kind of scared me, like if ETH drops like it is now then you get LIQQD?

>>11891444
Stop speaking sense and tell me how ETH has failed because the price went down

>>11891444
this desu

>>11891444
Digits... We're laying/riding the future lads

>>11889844
>store of value

>>11891536
Oh yeah
We, The Scots, hate niggers/kikes.

>>11891601
>Scots
But you're no better than them.

>>11891492
The real question here is "can ETH really go lower than this" ? Even in a heavily manipulated market, the inherent value of something so transformative should count for something. Emphasis on "should"

>>11891499
ETH is getting hammered for two reasons in my mind

>first it's to punish the lack of scaling options (and Vitalik isn't helping by not promoting the Raiden Network and 2nd layer state channels)

>second it looks to me like the market makers are running an involuntary stress test on DAI and MakerDAO, much like their spamming of BTC's first layer in '17

It's a classic case of bad actors trying to see how far they can manipulate the market with the new tools they're given. It's ok though because this is the only way in which we can move forward with unassailable solutions.

We are witnessing the evolution of a digital, self propagating ecosystem in real time, trully this must be the greatest timeline.

>>11891649
Kek'd.

>>11891655
Decent analysis....

>>11891731
>tips tinfedora

>>11891655
oh I think we're nearing the bottom but I was wondering just what you thought of the DAI loan process

>>11891752
Ye autism is glowing.

>>11891790
The idea of being able to take a loan collateralized with your crypto and on such good rates is great, but I should note that I have no personal experience with it.

What makes sense to me though, is that I wouldn't convert alts to collateral in such a shitty market.

Except if you currently hold XRP or LINK which have been going against the overall trend and could probably give you good value in ETH.

>>11891655
That and the ico being dead, existing ico teams dumping this shit as fast they can

>>11891900
>I wouldn't convert alts to collateral in such a shitty market.
Oh yeah man I mean down the line, I'm still accumulating

>>11892048
Down the line it would be the tether of the future for those who know how to use it IMO

>>11891994
The ICO was stillborn in17. Aantonop already said that 99% of ICOs were shitcoins going to zero anyway. Now we're just witnessing that prophecy unfolding. The projects that are worth it though... biggest transfer of wealth in history etc

>>11889844
So, same shit is happening to bitcoin, and about every other alt. What's your point?

ETH has an unlimited supply, it's going to be a single digit shit coin. Fan boys can't accept it, but it's going to happen.

>>11893123
it'll be capped @ ~120 mil
https://github.com/ethereum/EIPs/issues/960

doesn't matter much thouh, because once it's Proof of Stake, you'll keep your % of the total share of ETH just by hodling it

>>11891655
checked and you're insightful so you don't belong on biz.

>>11891655
You seem smart, would you share what alts do you think might make it long-term?

>>11891444
this

it only takes a handful of successful projects like this for crypto to really boom.

DAI is stable crypto, the longer it lasts the bullisher it becomes.

only so long till people realise and eth is monster for the next finicial wave

>>11893136

Bullish, why would anyone buy bitcoin after ETH gets a cap and POS?

>>11889844
>measuring in dollars not sats

>>11891444
so you're saying buy more ETH mr quads?

>>11894114
yes, $100 eth is insane. even just a grab a handful to hedge

>>11889844
gosh and now you need 100% up movement

>>11894162
Just picked up 10 Eth, thinking about putting it all in link though and getting to 17K stinkies

>>11893558

You'd still buy Bitcoin, you'd just buy 0xBitcoin too.

>he thinks ETH switching to PoS won't have a mammoth effect on the price

No one really knows how this will impact speculation

>>11889844
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