/biz/ - Business & Finance

seething maxi alert

The conference yesterday revealed to the world the stuttering potheads that run this scam. Price has already tanked 10%. Once it breaks through the $1250 resistance the panic will begin and small holders and speculators will begin to offload, with the whales already long gone. Once it shoots through the $1240 mark, unabated FEAR will ripe through all mETHheads. With all those who dumped their current accounts into this scam twitching at their arsehole continuously while refreshing bittrex. The $60 mark will be met, the largest panic in history will ensue. The final deluded Nodes will begin to go offline, and wagecuckers with their engineering salaries loaded up in mETH will be left with it stuck in their wallet, unable to move it to bittrex to salvage some self respect. The price WILL tank at this point to sub $0.10, and most probably sub ICO levels. From that day forward the deluded mETHhead wagecucking engineering nerds who bought this coin thinking it had fundamentals will go back to their jobs, with no money in their current accounts, to be made redundant by the next wave of pajeets arriving to undercut their wages. Deluded mETHheads will hold bags FOREVER, with no job, no money, and no crypto. I warned you mETHheads. There’s still time to get out. Sell NOW. Don’t be deluded, don’t be an mETHhead.

>>26143820
please sell

>>26143820
I just paid $12 in fees for a uniswap trade. FUCK ETH, I'm holding this crap for trading on DeFi, but I can't wait until it fucking dies.

I have to pay $280 in GAS fees just to get my stupid fucking Rocket Pool tokens swapped to anything remotely useful.

>>26143836
Imagine taking time to write this pile of garbage.

Imagine the time I have to waste responding to this.

>>26143820
Btc and eth are both a steeming piles of shit.

>>26143820
all this eth fud is making me horny

>>26145370
>FUD
Oh what was that? Oh look, that's right, it's fucking dumping. Gee, surprise surprise who would've thought?

>>26145450
You either bought the top or have a lizard brain even after massive pump past couple weeks

>>26143836
Didn't read, not selling

>>26143820
Collapsing in sats yet again, sigh

>>26145450
so what?

>>26145559
The ETH way. The story of every ETH holders' life, until they finally wake up to the fact that their "unicorn investment" is actually centralized, pre-mined, inflationary dogshit with no supply limit and zero use-case or reason to exist within the broader ecosystem.

i posted this in an xmr thread, but maybe my conviction was off, or maybe even immature.
>>26142668
but realistically most retailers only experience with ethereum was an exchange or decentralized exhange or swap or whatever. so do smart contract platforms even matter? most coins that had an ico on ethereum eventually fork away from being a token to their own chain. is ethereum basically just monopolizing a code database? why doesn't every coin instead just run on their own code for their own respective niche? like there are real decentralized exchanges and such. is the future protocols or individual niche cryptos?

>>26145646
You're reading that as if the trend has reversed. The reality is that the trend HASN'T reversed and it's in fact a macro-level deadcat bounce, soon bound to dump to new lows not seen since Ed Harris came upon alien life in The Abyss. This is a fact.

>>26145853
nice bait

>up 90% on month
> up 600% on year.
>"Total pajeet shitcoin holy shit sell this thing for GRT or PNK GAIYS IS OVVVERR".
The fucking state of this place.

>>26145745
All hypothetical use-cases anyone could think of putting on Ethereum will eventually be usurped by centralized solutions which by nature, will ALWAYS perform faster and more efficiently than being on a decentralized network like Ethereum. Bitcoin is the only thing that actually makes sense to be decentralized, and trying to "decentralize" / "dAppify" anything beyond that represents an abject misunderstanding of what Bitcoin is, and why it's the way it is (simple, limited, and elegant).

Bitcoin is all that it needs to be and it knows its place. Ethereum on the other hand, is trying to be everything to everyone, and as a result - it's turned into an over-engineered, overly-complex monstrosity doomed to fail. Just look at how expensive and fucken slow everything is on it. NOTHING can run on it, no serious business application or anything. No institution is going to want to touch this crap with a 10-foot pole. And it's worth $1k+ per coin? It should be worth no more than $10!!!!!

Any Ethereum "use-cases" will be served more efficiently on non-blockchain solutions built around BTC, and NOT ETH. ETH will just fade into obscurity and descend to zero, all the while trillions upon trillions will get poured into BTC with early adopters becoming filthy rich. ETH holders will find themselves looking up at BTC holders skyrocketing in generational wealth as their shitty token plummets to zero.

>>26145698
I mean you are right, but it will still outperform btc until the redditors lose all their money in crash. Then we have 3 years of dump vs btc as always

>>26146192
to be fair ive always looked at monero as a better bitcoin, and if after its tail emission starts, if moneros price is extremely stable then it can act as a store of value more and you can park wealth in it and search for other speculation plays, maybe even bitcoin as a spec play still

>>26146218
That's not going to happen this time. You will find that the ETH/BTC ratio will dump FAR below what it currently is now, just watch. The reason is because this time around, huge institutional money is pouring in billions as they seek a secure safe-haven store of value in order to offset the exploding economic hurdle rate caused by unprecedented monetary expansion (just look at the M2 money supply chart, it's fucking ridiculous).

They want Bitcoin because it's surefire, proven, and largely unchanging. Ethereum on the other hand is a complex and useless clusterfuck with a million different moving parts, soon to upgrade to a completely new network which hasn't been proven out yet. Why the fuck would any institution want to touch it? The choice is clear, when the total monetary energy drains from real-estate, bonds, fiat, and stocks into Bitcoin as the realization starts to dawn upon society that it represents the best store of value (and thus inflationary hedge) that has ever existed in the history of human civilization, Bitcoin will trend towards being worth hundreds upon hundreds of trillions in its market cap. Ethereum will simultaneously slide to zero as all of this takes place.

>>26146192
you sound like someone from the 80s claiming this internet-thing is never gonna sustain

>>26146075
>down 15% in 3 years
fucking piece of trash

>>26143980
RDN bags feeling lighter and lighter whenever i read posts like these

>>26145745
>actually has retail usecases
yeah bud your conviction was off, alright. imaginewhat will happen when institutionals start moving their derivative markets to eth (which they already have tested)

>>26146583
> stable coin
>store of value
How can it be SoV if it doesn't follow inflation? It can be great as a medium of exchange, of course, but as a stable coin obviously dead to speculators hoping for the price to go up.

>>26144281
>>26145509
Newfags

>>26143820
Yeah yeah, you'll sing a different tune when ETH hits $2k you little nigger

>>26147411
Its gonna go way higher than that

>>26147476
confirmed, it's a truly COMFY hold but the newfriends here are looking for a quick buck

You are doing it wrong faggot. Use bots to unfairly buy cards then mine eth then scalp some retarded gaymer. https://www.tweaktown.com/news/77074/that-78-geforce-rtx-3080-mining-rig-has-rgb-now-makes-900-per-day/index.html

>>26146909
>He didn't buy in 2016
Up 87 625% in 5 years

>>26143820
>the actual true revolutionary money that is Bitcoin, which institutions will pour trillions of dollars into, NONE of which will go into ETH.

okay retard

>>26149306
Supply shock incoming.

>>26143820
Sell and short, pussy.
I'll buy @ 860

>>26143836
Lol

I started investing in crypto in June 2020.

If I left all my money in ETH instead of buying shitcoins, I would have 5x just like that

How can the safest option get you more returns than the risky ones. It makes no fucking sense.

>>26149704

Because it's SAFE comparatively. You really think most investors would look at crypto and decide to invest in the more risky options? Eth is already risky enough.

>>26149704
Normal investors view alts like penny stocks. It's scraps for the minnows. Plus there isn't enough liquidity in those markets for serious investment. ETH and BTC are the only markets that have enough liquidity for acquiring large positions.

I think a lot of people are going to get burned on ETH though. If you want to invest in the smart contract space, make sure you are diversifying.

>>26143820
when eth 2.0 hits you're gonna cry

>>26149860
Yeah but that was easy money to make. Actually if you bought in March you could have 10x. Not very difficult to see. Very few shitcoins can reach that without you being part of the pump and dump group.

Maybe buying shitcoins hoping to make 100x just isn't worth the risk involved.

>>26150008

ETH won't get scaling (the only thing that matters) before at least 2 years and even then the model frequiring ETH as fees for moving around ERC20-tokens is retarded. It's a fuckfest.

>>26143820
Whales aren't letting this go below $1000 you had your chance

>>26143820
Yeah it's fucking pathetic, go pump you piece of trash

>>26150062
Maybe, but honestly if you don't have the technical background to determine which projects are real and which are pump and dump scams, you probably shouldn't be investing in this space.

>>26150492
Even if a project is real it doesn't mean anything. There are tons of project which on paper made sense and got good reviews.

Yet in the end the guys just couldn't deliver.