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ETH 2.0 moon boy targets Anonymous Wed, Jan 20, 2021 01:08:57 No.26242206 [Reply] [Original]

You can target bitcoin's value with gold's marketcap, since that's what it's competing against.

You cannot do the same with ethereum, because ethereum is not digital gold, it's programmable money.
You can try to combine assets like bonds and industries like insurance and blah, blah, blah.
ETH is too obtuse to value in that way.
My valuation is based on the 32 minimum eth staking requirement and the cost of living.

So if the payout for staking is around 10%, depending on how much of the total supply is staked, you should ask how much somebody can live on with 90% of their money tucked away.

I don't think anybody wants to lock up 90% of their money to live on beans and rice and drive a busted hatchback for uber in a fucked up 3rd world shithole.
I think anywhere between 50k and 100k is enough to live on comfortably, depending on inflation.
That means 32 ETH would cost between 500k and 1m. And the price per eth would be between 15k and 32k.

The first bear market after the first staking pool dump is gonna be one hell of a buying opportunity. Probably another 90% dead drop and all the same bobo maxi fud that comes with it, until stakers round up the supply cheap and start raking in fortunes in the undersaturated staking market. Rinse-Wash-Repeat.

Final note. This is why eth 2.0 will not be a good store of value. The supply will be too seasonal.

>>	Anonymous Wed, Jan 20, 2021 01:10:35 No.26242256 File: 95 KB, 866x900, 1611040014172.png [View same] [iqdb] [saucenao] [google] >>26242206

>>	Anonymous Wed, Jan 20, 2021 01:11:30 No.26242281 >>26242206 so should i stake or not, cus im looking at hardware to do it myself

>>	Anonymous Wed, Jan 20, 2021 01:13:08 No.26242327 >>26242281 should i buy an AMD Ryzen Threadripper 3990X? I can afford it

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Anonymous Wed, Jan 20, 2021 01:29:10 No.26242777
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>>26242281
As long as the price is under 32k I plan on staking.
I need to move somewhere with better internet infrastructure.

The full release is probably another year away, maybe more. Before the next halfening cycle is all I can ask for. Hopefully in the dead bottom accumulation range of the next bear market.

If eth reaches 15k with no staking in sight, you can say it's priced in. If it reaches 32k without staking, it's completely overvalued.

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Anonymous Wed, Jan 20, 2021 01:41:04 No.26243111
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>>26242777
trips of truth. will you be staking soon?

never been much of a computer guy but im tryna figure this out right now. think im gonna get a pre built server and learn from there. im excited, i wonder if this is what people felt like back in the first few years of eth.

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Anonymous Wed, Jan 20, 2021 02:16:56 No.26244070
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>>26243111
nice trips yourself.
>will you be staking soon?
like I said, staking is probably another year or two away. I'm not going to stake on the test net, since there's no payout.

>never been much of a computer guy but im tryna figure this out right now. think im gonna get a pre built server and learn from there.
>>26242327 I'm going to wait for devs to give recommendations.

>im excited, i wonder if this is what people felt like back in the first few years of eth.
I was interested in it back when it ICO'd. I simply didn't know how to buy bitcoin to invest in it.
I asked the bitcoin sub and they just growled fud at me. So I fucked off.
You can tell the investors fell for the fud when they dumped on the day it launched.
I lurked on reddit when the DAO drama went down. It looked like ETC was going to dominate ETH. I asked if I could buy in before the fork and everybody just started arguing about how trading was halted.

I'm really glad I got the nerve to buy in after it cooled down. I seriously knew it would either go to zero or 1k, so I only invested $100, because that was all I needed and all I could afford to lose at the time. I was only surprised how fast it turned into 20k.

Moral of the story is that crypto never feels safe. When you get in early, it feels like your buying the final death cycle.
I definite felt scared catching the knife at 300 and 200 and 99.

>>	Anonymous Wed, Jan 20, 2021 02:17:45 No.26244093 Lol, stop shilling this shit on /biz/ thread! We are not idiots here and we can understand what you are doing. This niggers still try to present their ref links to scam platforms.

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Anonymous Wed, Jan 20, 2021 02:35:04 No.26244453

>>26244070
>I'm going to wait for devs to give recommendations.
Check this guide out.

https://www.reddit.com/r/ethstaker/comments/ggmbvd/a_comprehensive_look_at_hardware_for_staking/

>Moral of the story is that crypto never feels safe. When you get in early, it feels like your buying the final death cycle.
I'm fairly new to crypto and I get the vibe you're saying. The altcoins I hold get fudded to death, but I like where they're going.

What kept you determined to figure it out? After getting fudded / useless information.

>>	Anonymous Wed, Jan 20, 2021 02:42:05 No.26244628 >>26242777 It's overvalued now

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Anonymous Wed, Jan 20, 2021 03:18:29 No.26245417

>>26244453
Somebody tried to tip me with bitcoin in 2010. I liked the sentament, but didn't think backing a currency with nothing but speculation would ever go anywhere.
Then I see associates taking bitcoin in payment around 2011 after the bubble had already bursted. Figured too bad I didn't get in on it.
I was ready to buy into the 2013 bubble, until I found out the only place to buy was on the magic the gathering exchange. So I noped out.

There were a lot of stupid useless alts like DOGE, LTC, DASH and XMR. They all wreaked of desperation. They totaled 1% of the market cap and didn't deserve that much. They were really for nerds that wanted to mine, but couldn't keep up with bitcoin's hash rate.

Then comes ethereum. It wasn't going to be purely backed by empty speculation. It was going to be backed by decentralized self governance.

I thought it would be more like a decentralized darkweb kickstarter/uber/airbnb, since all of the new gig economy tech was so vulnerable to regulation and bitcoin had proven regulators to be powerless to stop it.

The ICO boom was fundamentally a disappointment. Ethereum is still a fundamental disappointment, as far as I'm concerned.

Personally, I just put my feefees aside and stick to trading the charts and only trade coins I'd like to use. So my portfolio is pretty minimalist.

>>	Anonymous Wed, Jan 20, 2021 03:20:38 No.26245465 >>26244628 what price is the correct value and how did you arrive at that number?

>>	Anonymous Wed, Jan 20, 2021 04:12:37 No.26246543 >>26245417 non-fungible tokens will be the future of ETH tech. more robust applications will always be centralized

>>	Anonymous Wed, Jan 20, 2021 04:22:10 No.26246782 >>26246543 like I said, it's a fundamental disappointment. But at least I'm making a shitload of money. So that's nice.

>>	Anonymous Wed, Jan 20, 2021 04:25:36 No.26246857 >>26242206 Why would you take your time to write this bullshit? It started okay then went down real fast and exposed you as a brainlet op. Sad.

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Anonymous Wed, Jan 20, 2021 04:27:45 No.26246904

>>26246782
the tech WILL be adopted by private companies on private chains. on paper the tech is a huge success, but companies will need their own chains to ever be able to use blockchains at all. they answer to regulators and shareholders. still ETH will be the largest used chain in the world for years to come for countless publicly available use cases. we really can't predict how valuable some of those might be