/biz/ - Business & Finance

>>16828666
Or, OR, just buy what ETH needs and you'll hit retirement sooner.

It's so fucking cheap right now. How the fuck

>>16828666
>You pass by 100 people and maybe 1 knows about it.
Did you try doing this OP

>>16828674
Link needs a based smart contract blockchain platform as well. Nothing else compares to Eth right now

>>16828674
>>16828674
>what ETH needs
and what is that?!

>>16828676
thats gonna be a yikes from me

>>16828666
will it go down more or should I hypothetically buy now?

>>16828692
This. There have been many garbage chains (EOS/TRON) that have tried to scale up using shortcuts but at the end of the day they're running off garbage tech. ETH is the only chain researching the proper way to scale. And once it goes live, get ready to take off boys.

>>16828720
This OP
Also will Ethereum outperform Bitcoin in $ value

How many ETH to make it? My goal is 500

>>16828742
No shit. Eth is superior to Bitcoin in literally every way possible. Defi, transaction speed, fees, scaling tech, anonimity tech.

>>16828766
2k

how are dapps suppose to work when every single action you do costs money?

>>16828772
>>16828772
I really don't get the whole BTC is gold meme arguing scarcity is the thing going for bitcoin. You can have a BTC-like scarcity mechanism built on Ethereum and get the same result with lower fees, faster transaction speeds and anonymity. Why should everyone pretend BTC is digital gold when you can create superior digital gold on Ethereum? I'll tell you why it's because BTC is nothing but greater fool theory at work.

>>16828666
this, btc dipped in 2015 after $1k

eth hit first dip, soon will be back to $1k+

>>16828703
bump

Eth really is the best. No other smart contract platform has people buidling on it. The race was over before it began.

That being said ETH is overvalued as fuck. Everyone holding it is waiting for a greater fool to dump. For people actually using the Eth network they buy $10 worth of Eth that goes right back on the fucking market as soon as they're done with it. You could argue scarcity because people will lock up ETH in compound etc. but I don't think that negates the idea that it's only this expensive because of rent seekers. Then again people are retarded so maybe it will hit 100k in ten years.

>>16828772
It’s not superior to BitCoin

>>16828902
The more people using ETH => More buying pressure because people need gas or they need ETH to take out loans or they need ETH for X. It's not people buying ETH simply waiting for some other fool to come buy it from them at a higher price. It's organic need for the currency to make use of all it's features.

>>16828931
You're exactly the kind of person that I'm describing: a rent seeker who's bank on the price going up.

There is no buying pressure from people using Eth as gas. It goes immediately back on the market when it's used. Without a burn mechanism gas alone is not going to give you a moon mission. Eth is overvalued as fuck

i say this as some who's made multile eth txs per day for the last 6 months

>>16828741
ETH devs are literally resorting to copying Cardano tech. their research is to see what cardano scientsts are working on and publishing on and then trying to implement a lesser more slapdash version of that tech into eth 2's spec. you reddit faggots are so fucking tech illiterate it hurts and eth is such a mess that you coping bagholders are going to get fucked right in your boi pussies

U fuckin morons got it all wrong

Ether sucks because zero normie users will ever want to use it

>>16828988
Yep Ada is the future lol

>>16828902
>rent seekers.
What do you mean

>>16829044
He thinks because someone wants the price to go up theyre a rent seeker. While ignoring the legitimate reasons for why the price should go up that aren't based on just hoping for someone else to buy it from you at higher price because they think they can sell it at a higher price later (ad infinitum)

>>16829031
eth devs sure think so - they try to copy it into eth 2 and then they fud the fuck out of it 24 by 7

there are more people who know about eth than you think. every single member of government already knows

>>16829106
HONORABLE MEMBAH

>>16829044
People that expect a return from doing nothing. "Eth will go up because people will need it so I'll buy as much as possible and sell it to them later"

Eth works at any price. It's a commodity that goes right back on the market after you use it.

>>16828691
I do this all day every day, 1 in 100 is pretty accurate