/biz/ - Business & Finance

>>25989209
Who is this optimistic young lady?

btc profits scraped into eth.
its alt season bois

>>25989209
WEN LAMOB???

>>25989209
imagine buying Eth for $1200 when you can be getting Synthetix for under $15

Ok post x20 long

>>25989209
THIS EFFERIUM STOCK DOIN THE MOST RN I'M UP $29

so basically im going to be a multimillionaire by EOY. is this real life? am i dreaming right now?

>>25989209
>>25989506
that's literally just bfx moving around eth on their internal wallet, they haven't fixed their count LOL.

also synthetic is a fuckin scam, -13% on snx/eth today alone. likely will crater as informed money leaves in droves following the L2/futures letdown

>>25989209
ETH still being driven by pure speculation and zero fundamentals.. I guess that's bullish but it gets annoying hearing ethtards actually pretend there is fundamentals. No you've just sold other retards on your narratives.

>>25989209
There is no reason for ETH to moon like that and it would be actually bad for ETH itself if it did wouldn't it? That would make gas prices fucking absurd when they are already a poorfag filter.

>>25989706
>-13% must be scam..
Welcome to biz

>>25990072
use ur fuckin brain and read the blogpost. theyve lead u retards on for months and they've basically thrown their hands up and said "I dunno" because they realized crosslayer is fucking impossible to engineer

>>25989706
BAO is going to ruin them anyways

>>25990040
Gas prices are not directly set by Ether price, though.

>>25989706
DEUS is up 30% in the last week. Much better investment than synthetix

>>25990355
rock me amaDEUS
https://www.youtube.com/watch?v=iVnhpTIYloc

>>25989209
BUIL DMORE DAPPS FOR DEMAND

>>25989583
I got 2x long going.

>>25989706
Meanwhile, I just keep stacking more API3.

>>25989890
what coins do you have appart from btc? xmr?

>>25989209
Ya know the funny thing about ETH?
No cap on supply like BTC.

>>25989833
Speculation and zero fundamentals? Seriously? You can’t be this stupid, all of DeFi and pretty much everything is being built on ether right now. Even when other blockchains overtake Ether it still will be uber valuable.

>>25991918
Unlike Bitcoin there's no limit or cap on ETH. Instead, its supply increases every year.
It's also very, very difficult to audit.

>>25992043
As we all know, many people got attracted to BTC in 2020 because of its hardened monetary policy. 21M Bitcoin. Halvings every 4 years, etc. etc.

But in 2021 and 2022, ETH will get two upgrades that will give it a monetary policy that’s better than BTCs: (1) EIP 1559 and (2) deprivation of the POW rewards.

EIP 1559 is coming likely mid year and is a fee burning mechanism that will burn a portion of the gas fees in each transaction. So you can imagine the effect of this as the utility and value of Ethereum/DeFi/etc. goes up and people want to use it more.

Getting rid of the POW rewards in favor of the POS rewards will alone result in a issuance rate drop from about 4.5% to 0.5%. This alone is incredible because its an issuance rate less than Bitcoin for about the next 12 years.

Then, when you factor in the fee burning effects, ETH’s issuance can go negative (something BTC can never do). Over the next year or so, we will start to see ETH being talked about as a competing digital SOV to BTC, and I believe its going to gain a significant amount of that market share.

This doesn’t even account for ETHs utility as programmable money and collateral.

>>25992255
the coins and tokens still do nothing. its digital tulip mania

>>25992312
>does nothing
Like Bitcoin?

do people still buy bitcoin and ethereum when they are in the thousands already ? the whole point of this game is to buy low and sell high.

I am only considering cryptos below 1$. What is the best option for me ?

Why does it cost $200 to send ANY eth right now?

>>25992534
because this is the future of cryptographic platforms anon. this is the future.

>>25992255
All good points but also assumes ETH 2.0 does not fail, scales appropriately, does face a catastrophic security vulnerability, etc.
That's right. Not so easy peazy.
BTC base layer is a finished project.
ETH 2.0 could actually fail, EIP 1559 could be delayed until xxxxx, the new ETH 2.0 features may not work as intended, a core team member could fucking die.
Until then ETH has infinite supply and a high inflation rate.
The best DeFi projects will build cross chain bridges to mitigate risk of ETH 2.0 failure.

>>25992457
Yes. For BTC. Yes.
1 BTC = 1 BTC.
Fiat is currently being given away like candy and inflation in real assets & desirable real estate is 15%+ per year. CPI doesn't measure real estate or assets. Hence, no inflation, normie.

>>25992646
thats why we have cardano

>>25991772
doesnt make a fuck

>>25992740
I think >>25989833 said something about zero fundamentals.

>>25992607
who the fuck is paying these gas fees and why? what is their business model that can spend on these services an be probable and what exactly are their businesses?

>>25992881
ether and bitcoin are both dinosaur tech from 2010's

>>25991772
HOLY FUCK ETHEREUM HAS NO SUPPLY CAP? WHY HAVE I NEVER HEARD ABOUT THIS BEFORE LET ME GO SELL ALL MY ETH BEFORE IT GOES TO ZERO SINCE THERES NO SUPPLY CAP YOU FUCKING FAGGOT

>>25991566
You sir are a shill and a fool.

>>25993199
Smart, and a high inflation rate.
Also, a reminder:
ETH 2.0 could actually fail.

>>25989209
Just another dickbag evangelist, this board is full of them too

(((they make a living off it)))

>>25992457
>What is the best option for me ?
going back

>>25993263
google eip 1559

>>25991566
>API3.
literally who

>>25993370
>>25992646
Reposting original content, for your brain to process, norm:
>All good points but also assumes ETH 2.0 does not fail, scales appropriately, does face a catastrophic security vulnerability, etc.
>That's right. Not so easy peazy.
>BTC base layer is a finished project.
>ETH 2.0 could actually fail, EIP 1559 could be delayed until xxxxx, the new ETH 2.0 features may not work as intended, a core team member could fucking die.
>Until then ETH has infinite supply and a high inflation rate.
>The best DeFi projects will build cross chain bridges to mitigate risk of ETH 2.0 failure.

Ethereum maxi master chad checking in. Never selling btw

>>25992646
thats why im also holding cardano.

>>25991566

>>25992728
>1 BTC = 1 BTC.

eth may have infinite supply but the increased miners will skyrocket the hash difficulty.

my efferiumz are up $2

>>25992646
Not bad points, except
>BTC base layer is a finished project
Nothing in networking is a finished project. There's a strong argument to be made that BTC will actually have to remove its supply cap in order to pay miners enough to secure the network in the future, as additional halvenings reduce the amount of block rewards issued, making security more dependent on fees. And as any other software, it could also face a catastrophic vulnerability at any time, thus the need for constant code reviews and revision. All cryptos are in this boat.

>>25989833
ETH has more fundamentals than BTC, and will soon have more, ETH actually generates fees which give it an intrinsic value, and a chance to have a fraction of the huge amounts of fees in the future

>>25992312
>do nothing
tell that to my bank account

>>25993816
>There's a strong argument to be made that BTC will actually have to remove its supply cap in order to pay miners enough to secure the network in the future.
So you made a point... but this is not the future, this isn't a current problem, and no removal of the BTC supply cap is even being talked about... so there really is no need to speculate about a future that isn't here and a problem that isn't in our faces. That's called: speculation.
As it sits today, BTC base layer is indeed a finished project.
>And as any other software, it could also face a catastrophic vulnerability at any time, thus the need for constant code reviews and revision.
Copy that, but ya see, here's the big difference between BTC & ETH:
BTC base layer is complete. Finished. That's it. BTC is not promising the moon and a hand basket. It is what it is and it has already been delivered to us in it's final form.
ETH 2.0 team is making promises on top of promises, facing delays and top of delays, and:
Could.
Actually.
Fail.
As it sits now, ETH has no cap on supply and a high inflation rate. Dems just the facts.

>>25993012
then who the fuck keeps buying them?