/biz/ - Business & Finance

>>24036984
Buy ETH in December--it will pump on the BTC ratio in the first quarter of 2021, the same as it does every year.

>>24037098
I was about to buy some now, should I really wait until december?

wow btc finally caught up. ETH and DeFI have cucked BTC for a year straight

>>24037122
eth has gained on btc in december/january every single year

>>24036984
Jan 9th, 2018
>BTC $14,910
>ETH $1,410

>>24037098
June 2017
> BTC $2,400
> ETH $360
> https://coinmarketcap.com/historical/20170615/
Pumps every 1st quarter and continues to bleed massive value against BTC every year. What is the point of this shitcoin?

>>24036984
>>24037189
holy fucking Piece Of Shit

>>24037189
You’re all idiots
The supply of ETH increased

>>24037098
yep

>>24037342
this anon trades.
>the rest of you don't

>>24036984
So if I'm looking to sell, when would it be a good time? I'm thinking january of next year by looking at the charts.

>>24036984
IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.

>>24037342
That's part of the issue, isn't it? The supply of ETH keeps increasing. It will change with EIP-1559 and ETH 2.0, but right now it's increasing.
>>24037342
>>24037392
>Bitcoin supply increase since then = 113% of June 10th supply.
>Ethereum supply increase since then = 123% of June 10th supply.
The difference isn't that big, not enough to account for the difference in prices alone.

>>24036984
btc = future gold
eth = future silver

>>24037563
*June 10th 2017 supply I mean
https://etherscan.io/chart/ethersupplygrowth
https://www.blockchain.com/charts/total-bitcoins

>>24037342
>>24037563
Exactly, the supply of ETH increased by 21 FUCKING MILLION from the summer of the 2017 bullrun to today. The price of ETH is almost the same. I crypto because I want scarcity and don't want the supply to increase like that and make virtually no returns.
> https://coinmarketcap.com/historical/20170615/

>>24037617
And the supply of bitcoin increased too, it's not a giant difference in how much they increased either.

>>24037413
Buy it now and sell it at 0.1 - 0.15 BTC, thank me later

>>24037617
If you factor in the premine the devs got, the ICO scams that got free ETH dumping money and now the free money dumped by DeFi scammers no wonder the price doesn't move

>>24037723
And when is that supposed to happen, 2030? I'm looking to sell because I'll need the money next year my man.

>>24037788
More like 2022

>>24036984
During the 2017 bull market, ETH did jack shit during the first BTC peak, but surged massively during the second peak (current ATH)

>>24037788
Summer of 2021

>>24036984
Sold my Eth for e-radix on uniswap a couple of days ago...made 10x....best decision ever

>>24037848
thnx op. so we are primed to move next month> i exited eth to get some btc action. but i dont want to be left behind

>>24037848
yeah im betting on bitcoin pumping to at least $50k all by itself this time. institutions are buying bitcoin now but they arent going to buy alts. it’s only after normies fomo in that eth and alts will finally pump too.

>>24038134
Eth won't move until btc hits the ATH. Which will probably happen before ETH2 launch. If both of those events happen soon, ETH will be moving sooner rather than later, but I am still holding until 0.1 BTC to sell it

>>24037098
Will the eth 2.0 release affect this?

>>24038208
Probably will cause a stronger than normal pump

>>24038207
ETH2 launch could take a long time at this rate.

>>24038244
When should I buy eth then?? pls tell me wise anon

>>24037848
>>24038134
difference is from November 2017 to January, it was the greatest suckage and lockup of ETH in countless scam ICOs that shot up ETH from $300 to $1400. Gone are scam ICOs with vaporware use cases so is that demand for ETH

>>24038304
I couldn't tell you an exact date, not sure what the next couple weeks will look like. Nothing is guaranteed of course, and it depends a lot on what Bitcoin does. You could start buying now and spread out your buys if you want.

Is it too late to buy ETH? Every time I buy, it tanks.

Bitcoin holder here. I have been holding for more than five years.
This year, I didnt buy any bitcoin, only ether. I bought even more recently, due to this difference in the price.
If you are already into bitcoin, buy ether. Look at 2016 and 2017, ether skyrocketed after the first quarter of 2017, with 100x gains.
ETH2 will probably be ready by the end of the first quarter of 2020, so the coin will repeat the same valuation.

>>24038326
I never liked this explanation. Sure ICOs contributed to that pump, but practically every alt pumped like crazy at that time. Stuff like XRP going over $3 had nothing to do with ICOs, it was all just the hype.

speaking of eth, has anyone ever used the bzx site to take out crypto loans? it look like you can borrow USDC using ETH as collateral, then sell the USDC for ETH, use it as collateral to get more USDC, etc etc. it looks like you can end up with 4.5x the eth (held as collateral) if you dot that. so it’s like a taking out a 4.5x long position except you cant get stop-hunted/liquidated. the interest comes to about 5.5%/mo, so it’s good for a few months in a bull market but not for a year long crab. anybody else know about this?

>>24038326
The demand from ICOs was replaced by demand from DeFi.
You ETH haters always forget the ERC20 scams you shill in this board are bought with ETH. So, seethe and cope as you want, its going parabolic next year.

>>24038556
god that’s gonna suck. if another defi bullrun starts before eth 2.0 is out...

>>24038261
Eth2 will launch in December, just watch

>>24038534
I use Maker for loans. I'm pretty sure you can get liquidated in Torque too though

>>24038507
XRP went absolutely crazy with Korean youth. You can google the mania that happened. The other shitcoins were just low volume, low liquidity and with a little added demand you know price shoots to the moon. See Nano.
>>24038556
DeFi is not locking up ETH to the degree that ICOs are. It's also mostly ponzi rewarding with inflating tokens and you get to lockup all kinds of shitcoin tokens as well as ETH. The surging ETH gas also will mean more ETH for miner rewards that they will dump to sell. Oh BTW, DeFi tokenization and lockup of capital benefits BTC more than ETH. In a short amount of time, there is 2.2 BILLION in WBTC locked up vs 1 BILLION of ETH in DAI and probably less ETH than that in other things services. Appreciating BTC only drives up that demand in DeFi.
>>24038679
ETH 2.0 is nothing but a live testnet where you stake ETH at great risk and does not impact ETH1 with improvements, lockups or monetary policy. Reddit retards who have been misled will be very disappointed when they realize this

>>24039227
>1 BILLION of ETH in DAI
my mistake forgot it's at 200% collateralization but still the amount of WBTC tokenized and locked up and growing is phenomenal. so comfy

Stacking up on ETH bags and waiting for 10x potential sales like unn.finance.

It's not even an ironic shill at this point, it's gonna be huge.

>>24038208
Don't worry Eth 2.0 won't release in December ;)

>>24039227
so BTC cucking using DeFi kek

>>24038491
>ether skyrocketed after the first quarter of 2017, with 100x gains.
I expect a 0.1 ratio personally, maybe slightly less to be realistic. But definitely selling over 0.1. If btc is hitting 30-40k thats a 8-10x for ether. Pretty good risk reward.

Was thinking of buying now. Should I wait for a dip?

>>24040939
I'm waiting for a dip, iron clad hands trying not to fomo.

>>24041050
How low are you waiting?

>>24036984
Only coin that hasn't lost satoshis against bitcoin is probably chainlink which i regretfully didn't buy any of because i hated the shilling so much.

>>24041132
Want sub 400 but depends on how violently btc corrects. Will be start dca'ing at low 400's.

>>24041290
that's my nigga right there
we're in this together(tm)

>>24038326
ETH wasn't the only alt that pumped friend. XRP, monero, cardano and every piece of shit pumped. ICO's didn't cause eth to pump

>>24041338
Ayyelmao, at least I'm not going crazy, iron clad hands just got stronger. {Insert Can't Scale Pasta}

>>24039227
literally every point you made in your post is wrong

>>24037182
delete this

>>24037189
ETHards never learn

>>24036984
>14k eth mined per day.

At 17.6k usd 246 million usd should enter the market per day to keep the ethereum price at 17.6k usd

>Bitcoin 900 coins mined per day

To maintain a price of 17.6k 15.8 million usd need to enter per day.

>Average transaction value in usd

Bitcoin 190k
Ethereum 1k

https://bitinfocharts.com/comparison/transactionvalue-btc-eth.html

>Median transaction value in usd

Bitcoin 695
Ethereum 0.000x

https://bitinfocharts.com/comparison/mediantransactionvalue-btc-eth.html

>Active Addresses per day

Bitcoin 730k
Ethereum 546k

https://bitinfocharts.com/comparison/activeaddresses-btc-eth.html

>>24041777
Checked.

>>24041905
Nobody spends 190k on a bitcoin transaction retard