/biz/ - Business & Finance

>>25064821
good things come to those who wait

>>25064821
It won't be for long now.

congrats, you recognized an undervalued asset

still over valued for a inefficient re-incarnated printing press. bitcoin you chuck

>>25064863
>>25064882
>>25064922
/thread

>>25064821
it is a shitcoin. it will not exist in 5+ years along with 99% of the other coins. Defi is too powerful for the jew.

BTC will survive strictly as a store of wealth.
Litecoin will survive as digital silver for the broke plebs that can't afford BTC in the hyperinflated new world order.
XMR will survive in the underground economy as a way of transacting among the hordes of lower class depth grovelers that will be endlessly toiling away for nuggets of neoplasm

>>25064821
>eth 2.0
nope didn't happen

more and more people get slashed. eth2.0 is a fuck up

ath was alt ath too, I had 2k in airdrop tokens that turned to 100 in a year
lot of ICOs were requiring eth too buy
depending how you look at it the eth roadmap was closer to finishing then, than now, they thought they'd have staking in a year, and sharding in 2?

>>25065126
Staked Ether 1,283,552 ETH
Average Balance 32.17 ETH

with exchanges going into staking the supply of staked eth is only going to increase

It's like in the dotcom boom when Yahoo was initially larger than Google. Think ahead and make the right decision.

Because PoS is a scam, and we've been telling you that for 2 years.

>>25064821
>2.0
too bad about it being declared a security by CFTC.

https://www.worldcoinindex.com/news/cftc-chairman-says-ethereum-2-0-tokens-could-be-treated-as-securities

>>25065126
>30 people

>>25065284
PoS isn't necesarily a scam, but all current projects attempting it are

>>25064821
I could explain the macro pressures which cause this, but you probably wouldn't understand. So ill explain it to you in the simplest terms: When BTC pump through big liquidity, ALT dump.

I've been trading ETC for awhile. Smol gains, but they're gains.

>>25065314
hence why americans aren't being allowed to stake on kraken unless using an exchange specific 2.0

>>25065142
best answer, thank you

>>25065085
Dangerously based.

>>25064821
>even with defi
this is why

>>25065085
Holy fucking based. This should be the first thing every newfag sees when they enter /biz/.

ETH 2.0 is not working well all your 32 eth will be zero hHhaahhahahhahahhahahahahhahhahahahahhahahahhhahhahahahhahahahahhahahahaahhahahahahahahahah

>>25064821
Spaghetti code

>>25064821
Because it's a double digit shitcoin

>>25065085
Explain how Bitcoin can survive and why Ethereum can't. Also SATs are programmable so DeFi is possible on Bitcoin

>>25065719
>bbb...but...but my dividends!?!?! The SEC can't regulate those?!?!

>>25065783
Google Howey test.

pic related

>>25064821
Every "expert" shills how undervalued it is and how itll be 1000 by eoy but this gay shit is tied to bitcoin like everything else. It pumps like 3 percent when bitcoin rallies and dumps 10 or more percent when btc drops a few hundred bucks. Its ridiculous and I beat myself up every day for being stuck with eth and only having .3 in btc. Im waiting for eth to hit 800 and then im out but who knows...could be waiting for an eternity at this point.

>>25065888
ngmi

>>25065888
You are so short sighted. Every time btc goes on a run, alts follow months later. People switch between btc and alts to catch the fastest gain. Greed drives these pumps. Each pump is louder than the other.

>>25065888
>I beat myself up every day for being stuck with eth
Nigger that doesn't make any sense. It takes literally less than a minute to swap your ETH for shitcoins if you really don't believe in ETH.

>>25066063
Totally agree and I'll take this a step further in saying all of /biz/ agrees with anon's wisdom

>>25064821
You can't even audit the supply and it's also infinite. Also the lead dev and figurehead has a severe case of autism and spazzes out all the time about other projects

>>25065830
so americans wont be able to withdraw staked eth
there wasn't going to be withdrawls for a year anyway, they'll figure it out

>>25064821
ETH/BTC is @ the same price it was in MARCH 2016. You literally would have been better off just holding BTC

>>25065830
I would cum so hard if the SEC cucked every altcoin in existence. BTC would moon so hard.

>>25065085
When neoplasm moon, sirs?

>>25066226
>You can't even audit the supply and it's also infinite.
Inflation is capped at 2% which is pretty reasonable. Also, with EIP-1559 ETH the supply can actually shrink.
>Also the lead dev and figurehead has a severe case of autism and spazzes out all the time about other projects
If you look at a lot of other open source projects which are very successful now, a lot of them were started by a single person with a quirky personality.

>>25065783
I don't think you get my point. Ethereum and the whole DeFi ecosystem is too powerful for the current status quo power structure.

I'm sorry to crush your dreams of living in a cyberpunk dystopia where we all transact with smart contracts, but this isn't going to happen. Plan on another 50+ years of neoliberal globalism with some CBDCs sprinkled in.

>>25065888
ETH has had 2x the gains of BTC this year you faggot

>>25066492
>I don't think you get my point. Ethereum and the whole DeFi ecosystem is too powerful for the current status quo power structure.
DeFi will continue growing because you can't keep people from using it even if you forbid it. Just look at BitTorrent and the Tor network for example. You can't ban decentralized structures, that's one of their biggest selling points.

>>25066646
DING DING DING

WE HAVE A WINNER

>>25065830
US are so fucking chucked Wtf. How the fuck do Americucks dare to call themselves land of the free? Crypto is exposing how they are the least free people on the fucking planet. Fucking Pajeets have more freedom

>>25064922
this

>>25066817
Well you got me there.....except

No one, and I mean NO ONE spends cash like Americans, which without your little shithole would be scrubbed of the map to accommodate these Pajeets that work at 30% of the wage your overlordes are paying you

ETH may even flip BTC one day, the network effects of development grow exponentially, the more that is built one ETH, the more that is possible to be built on ETH
Take for example DeFI how it started as some protocols, then that paves the way for new assets, derivatives, insurance etc. With every new innovation, it opens a whole new world. Imagine not wanting to have your worth attached to something like that

>>25065085
xmr will also be the store of value of the superwealthy that wish to protect themselves from the socialist cyborg death squads roaming the earth enforcing wealth redistribution. A few silly words is essentially an offshore bank, I think that appeals more to the top 1% than the lower class?

>>25067053
Yes, this anon gets it. We are now in a stage where people are discovering the possibilities of a completely new technology. It seems like only this year people are really starting to realize the potential of smart contracts. The more you dig into the DeFi ecosystem, the more you get impressed with the possibilities and what the future will bring when the big players jump in as well and connect real-world assets with the blockchain.
When you realize what is going to happen in the next couple of years it's impossible to not be very bullish on ETH. ETH might tank next month, maybe in mid 2021. It will certainly have at least one other correction in the near future. But I think it's a pretty safe bet to say that ETH will be a very important asset in 5-10 years. And those who haven't gotten in now will be in deep regret just like those who have heard about Bitcoin in the early years but didn't get on the bandwagon (e.g. me).

>>25065107
ethies want to pretend like it already has happened, and the best case scenario for its implementation played out

>>25067481
You're all acting like the whole Ethereum network is going to die if something unexpected is going to happen. They're just going to hard fork the blockchain and continue if that happens. No big deal.

>>25066953
Blockchain will allocate the resources of the world to the people that use them the most efficiently. Soon Americans will be the pajeets of the world because they are forever cucked out of DeFi

>>25064821
You should probably buy Bitcoin.

>>25064821
soon anon, $800

>>25064922
exactly

>>25065830
>SEC
hahahaha.. you really think the US will shoot itself in the knee while the rest of the world adopts the tech?

>>25068974
They're doing it as we speak.

>>25068974
I reeeeally don't think you XRPtards should use the word "adoption." XRP was never adopted by anybody, and it was never intended to be. Its a charity drive for Brad and David to buy new Lambo's while you people donate, and are given outlandish false promises in return.

>>25069122
i was talking about Eth 2.0

>>25065085
Imagine actually being this fucking retarded. Buying Ethereum right now is like buying Bitcoin in 2014. BE 1559, A massive burn is occurring soon as well that will essentially cap Ethereum's supply much smaller than it is now forever.

>>25064821
Because for two years nothing will happen for eth.
Otherwise Cardano is the Ethereum 2.0. Buy all ADA you can!

>>25065085
>can't afford BTC
You never bought any crypto.

>>25065314
it doesn't pass the howey test no matter what maxicucks think.
That's because you have to run a node to stake.