/biz/ - Business & Finance

>>24009315
>17.6k
Eth price isn’t 17.5k you absolute retard

>>24009394
Most eth fags expect a flippening of bitcoin , i am just pointing to them for their own good that under proof of work miners have electric costs thus sell their mined coins.
And should eth reach bitcoin levels you would need 15,5 times more capital entering per day than bitcoin for the price not to collapse.

Most people on eth expect it to go up because muh smaller numbers normies will like it , yet ignore their coin own game theory.

Under full proof of stake the game changes since it becomes deflationary but full pos is not coming to eth until 2022.

The correct calculation for ETH comes out at less than 7MM usd. This post backfired didn’t it.

>>24009480
>should eth reach bitcoin levels you would need 15,5 times more capital entering per day than bitcoin for the price not to collapse
HAHAHA HOLY FUCK HE DOESN’T KNOW HOW SUPPLY WORKS

>>24009480
Also POS is flawed and they know it.

>>24009499
6,76 Million usd per day for ethereum to keep a price of 483 usd.

15.8 Million usd per day for bitcoin to keep a price of 17.6k

The calculations are right.

>>24009520
That's exactly how inflation works under proof of work since miners have electric costs and have to sell their mined coins to pay them.

if 900 coins are mined per day for bitcoin price to remain at 17.6k the market has to buy them at a cost of 15.8 million usd or the price goes down due to more supply dumped on the markets.
If 14000 coins are mined per day for ethereum for the price to remain at 486 usd the market has to buy 6.76 million usd worth of ether or the price goes down due to increasing supply.

>>24009604
SUPPLY

>>24009612
I know this information may have shocked you due to how much fiat ethereum would need to absorb per day to surpass bitcoin i am honestly trying to help , i am not anti ethereum in fact i hold it but i see too much faggots ignoring bitcoin and it's majestic position for a golden bullrun now.
And they expect eth to keep going up instead of losing sats.

I am honestly trying to help fellow frens with good information here.

>>24009692
He -genuinely- doesn’t know how supply work

I appreciate the help, OP.
Thats why Vitalik want PoS for Ethereum. PoW is not sustainable in the long run.
Dont mind the hostile comments, OP. These are poorfags and they are also coomers too. They are there to feed mister "great reset" Schwaba.

>>24009692
Do you know what supply is in the first place? How market cap is calculated? What a ”flippening” would entail in terms of price?

>>24009480
flippening refers to market cap, retard

>>24009732
Explain everyone then it's an open place , let's show everyone how supply works.

Go on start explaining everyone is here to see your explanation.

>>24009315
What is this potato math?

ERC20's with fundamentals is where it's at.

>Unn.Finance with Biden on speed dial.

>>24009797
See >>24009780
I dont doubt it would take more to maintain eth at flippening levels but holy shit you’re a tard

>>24009780
For that to happen ethereum price should be 2904 usd at that price with 14000 eth mined per day ethereum should need 40 million usd entering per day for it's price to remain at 2904 usd.
In order to maintain it's current marketcap bitcoin only needs 15m per day.

>>24009755
Now this is what i wanted to debate , you are correct under proof of stake ethereum would be absolute bullish but the inflation is absurdly high now , even more than dogecoin.

And unless they adopt the eip to burn the fees that won't change soon since the miners would oppose reducing inflation.

>>24009870
Now youre getting it

>>24009854
I ask you to explain how supply works do it anon please everyone is looking.

>>24009910
Market cap=price*supply

>>24009894
I GET IT , but proof of stake won't come until 2022-2023 , that's from 10% to 14% inflation at best while if you hold bitcoin you will suffer less inflation than on the us dollar at the moment.

I am not saying ethereum does not have a future on the contrary i think it's the most innovative coin, but it may lose the bullrun unless they do the eip for fees fast.
It's too much selling pressure from miners alone.

>>24009934
I know what marketcap is , and if ethereum had the marketcap of bitcoin the price would be 2904 usd per ether and 40 million usd should need to enter the market for ether to remain at btc marketcap.

Meanwhile bitcoin needs fucking 15m usd to remain at 17.6k

Ether anons may lose the bullrun if they don't shill for the eip of fee burning insane selling pressure from miners.

>>24009961
You comparing with eth proce at current btc price make no sense at all. This implies you dont understand how supply is related to price in market cap. The fact that you would even make that mistake is something else.

>>24010012
It is not news that eth requires a substantially higher inflow to maintain price. You have to compare that to dialy volume to get an idea of how it affects the market

>>24009870
you arent realizing the bottleneck that is about to happen on ETH. Once everyone locks their ETH in the ETH2 contract, there will be a substantially smaller circulating supply. There is a fuckton other ETH locked in CDPs or UNI V2 Pools.

Sure ETH wont make it to 17k per ETH THIS run. But its going to outperform bitcoin FOR SURE.

Do you know how much more money BTC needs to absorb to go up 10%? 30 BILLION. ETH? 5 Billion.

But how does supply work!???

>>24011271
the contract is 500k eth and there is 113m eth in circulation.
The contract is literally 40 days of mining it's insignificant.

Ethereum cannot scale thats a fact. The ETH 2.0 roll out is protracted and convoluted, not too mention that the technology they are working on is inferior and antiquated in comparison to Cardano. There is an atmosphere of ambiguity as to when the Ethereum development team will release a fully working product. If ETH 2.0 launches too early there will be without a doubt a series of disastrous catastrophic errors and bugs that will severally impact the confidence of users and investors. If they release ETH 2.0 too late they are going be left behind. Cardano has already developed a superior network that's orders of magnitude more technologically advanced than Ethereum 2.0. The ETH development team are working on an insurmountable task. Personally my own experience of using Ethereum has been overall a negative one, where the majority of the time I have to pay exorbitant amounts of money in gas fees only for my transactions to get stuck pending for one hour. If people that are technologically literate hate using Ethereum what will normies think of it when they clog the network trying to trade imaginary cats.

>>24009755
PoS is Never happening. No one wants it. They already delayed phase 0 until 2021.