/biz/ - Business & Finance

>>27654772
If BTC is digital gold, ETH is silver.

>>27654772
Bold prediction I see 2500 by valentine's day.

never doubt vitalik

>>27654772
Why would you ever doubt Eth? Do you only trade shitcoins on normiebase or chinknance?

Make sure to FOMO in now at 1675 and then panic sell at 1225

>>27654838
That's a trash analogy.

>>27654772
P-please don’t do the needful, sers.

>>27655411
checked
how did you know my plan anon?!?

>tfw sold around 700
I made profits but still. How long until the rugpull?

>>27654772
first rule in crypto
never bet against btc and eth

>>27654772
Been trading crypto since 2016, but kinda fucked up on shitcoins and scams. Tried to turn it around, bought back in and started bagholding ETH a year ago and consolidated 90% of my portfolio in ETH just last week. Feels like the first good play I ever made. Is this what success feels like?

>>27654772
its made no discernable impact on anything of value in society. its promised ETTH 2.0 for 4yrs now

>>27655592
take profits or you won't be successful

>>27655552
I hate my paper hands
>be me
>see profit
>"oooooo profit!"
>sell
>regret

>>27655665
I'm so hopped up on adrenaline I'd ride this shit down to 1 dollar and still feel happy about it.

>>27655589
>first rule in crypto
>never bet against btc and eth
Only rule in crypto.

>>27654838
Eth is oil, newfag

I sold at 1500, this rally is so inorganic, how I was supposed to know

>>27655705
better than selling when you see loss

>>27655665
do you usually take profits into usd, btc or some tether?

>>27655787
Why would you sell before 2.0 gets released?

>>27654838
Don't you dare usurp litecoin's rightful title you fucking nigger

Been DCAing since $300ish.
Is it wise to skip this week and view it as "taking profit" then return to DCA next pay?

>>27654838
ETH is digital platinum

made a dumb play on NOK on monday and made everything back thank god

why has crypto been so bullish today

>>27654945
If it keeps doing 10% a day, it'll be at 4350 by then, to get to 2500 by valentines it would need to only do 4%

>>27655852
real question is why would you sell just after a break of ATH

>>27654772
I sold the day before it pumped 50% and went over a 1000. I want to kill myself.

>>27655968
ETH cannot sustain 10 percent pumps everyday for 10 plus days kek.

>>27655968
ETH staking is kind of a big deal. I'm betting ETH will do good till March atleast.

>>27655787
It was kinda obvious.

>>27656061
I'm not selling, but that's when I'd do it if you wanted profits and don't care about staking.

>>27655794
it still fucking stings man
I'd have so much more money right now if I held
I'm up over 50% this month and it still stings knowing how much more I could have
it's never enough is it?

Never doubt. She's going to 10k this year

>>27654772
The signs have literally been there for months. I'm not even larping either lol, just look at that positive momentum, the VPVR, and the obvious patterns breaking out.

>>27654838
Fuck silver, eth is crude oil. Take all the gold you want and I'll take the thing that warships need to bomb you.

>>27656154
you're not alone fren

I almost sold my ETH and BTC yesterday to cover $15K overdrawn checking account. Glad I didn't.

>>27654838
ETH is a platform. BTC is a SoV. Both can be valuable, but comparing them to each other as if they were both digital precious metals isn't the most accurate comparison to be had. That being said, bitcoin will probably remain worth more than silver for the foreseeable future. Both are worthwhile long-term investments. I think the ROI short term on ethereum is greater than that of bitcoin, but that's just me talking out of my ass.

>t. guy who owns neither

>>27655787

Beta

get fucked retards. ETH to $2000 this week

>>27656543
>BTC 250k EOY confirmed

fuck it i FOMO'ed back in

The problem is without 2.0 implemented the price growth like this absolutely destroys the use case... $50 in fees now? If we're at $10k who the fuck is going to pay $300 for a uniswap transaction? Let alone $5k in fees if you're doing any type of transaction that requires higher fees .... Normies fomoing on coinbase, paypal and RH without understanding what ETH is are going to cause severe stress on ETH ecosystem locking essentially themselves out of almost all of crypto

>>27656970
the /biz/ way
make sure to sell again when it drops

>>27656365
You need, like, a separate source of income so this is not such a huge problem lol

>>27655287
What do you use?

>>27657045
yeah the /biz/ way is the only way

>>27655182
This, exept when he plays chess
https://www.youtube.com/watch?v=L7FD9elXqLs

>>27657044
That's when u sell u see and buy back

is there a roadmap for 2.0 or are eth holders just a cargo cult desperate for their saviour to arrive

>>27654772
>he doesn't always have ETH in his wallet to jump in on the next P&D scam coin
el em ayy oh

>>27657239
He’s excused for that

>>27654772
Heres another one that you're gonna feel miss out if you dont get in now...$POLK...literally Aughur and Gnosis on steroids

>>27654838
That was litecoin and it was retarded when I first heard of it a decade ago

Will ETH2 fix the insane GAS fees?

>>27657329
>doubting our lord and saviour Vitalik

>>27654772
Why didn't you get at least 32?

>>27654772
>>27657329
If you know anything about ERC20, you know that when you hold any uniswap coin, you are holding ETH aswell basically and that these coins price is 100 percent depended of ETH aswell means if no trades happen on these coins and ETH goes 10 percent up, these coins go 10 percent up. So most people here hold it

>>27654838
eth is amazon the internet https protocol and 50 other things

>>27657180
I use whatever brings in profit, which a lot of the time is uniswap or other small dexes on the Eth network.

>>27657570
Yes, eth2 will solve gas fees and the scalability issues.

>>27654772
The best way to trade ETH is to try and day trade it but secretly disable the sell button so you only buy dips.

This is the reason ETH is going up right? It was always a bit difficult to buy before
https://cryptobriefing.com/visa-allow-crypto-purchase-banks/

>>27654772
>TFW lost 30 ETH with margin.
I have one left. It's all or nothing. Any advice?

>>27657894
https://www.reuters.com/article/us-crypto-currency-ethereum-idUSKBN2A320J
This is
Sell on the 7th.

>>27657987
hegic.co calls

If bitcoin is an abacus, eth is the Intel 4004.

>>27654838
Everyone angry but this guys right

>>27658072
>Sell on the 7th.
No mention of the 7th in the article, why on that day?

>>27658758
https://www.cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html

Look at what happend when CME futures were introduced for bitcoin

>>27654772

>>27654838
If BTC is gold, then ETH is a smelter and a mold.

>>27654772
>now i feel left out
why? it's the worst shitcoin there is, even vitalik knew

>>27654772
I'm buying ETH the second the Avalanche-Ethereum bridge goes live because fuck Vitalik's high fees

This is gonna go back to a 1000 in two days right. I wanna jump this wave. This talk about this going up until Valentine is bullshit, right?

>>27659486
don't be like me

>>27659113
oh, thanks anon

>>27659486
This ride isn't stopping

>>27659113
Think two steps ahead.

>>27660376
Ye I know, but zoomed in, there might be a small dip to hop on. I'm hoping something around 1.3k dollar.

>>27654772

You had 3 years. Then COVID gave you another once in a lifetime chance to buy at $80 just 10 months ago. You missed both.

will you /biz/raelis help a retard out?

i have 3 ethereum that have double my initial investment. in my position what would you do?

1) take profit
2) hodl
3) buy one more (can only afford one atm)

if you say take profit - what is a good, basic profit taking strategy?

>>27661057

Just hold dummy. And don't say "hodl" it's fucking cringe and only normies say it

Is it a bad time to buy right now? I'm kinda FOMOing, but right now even if it starts dipping I should be able to turn a profit if I hold for long enough, right?

>>27661693
I'll buy the 6th no matter what. It's true that this coin has just been going up for as long as my app can remember, so I don't see it changing soon.

>>27661693
i don't want to buy yet but i'm afraid it's not gonna dump for a while AAAAAAAAA

>>27661693
earlier I was gonna buy in at 1670 but the fuckers shot it up

>>27654772
Feel left out? Good.

>>27662003
WHY DOES IT KEEP GOING UP
LET IT DIP JUST A BIT YOU FUCKERS

>>27654838
bitcoin is digital nothing

WHEN DO I TETHER UP

>>27661326

noted. i'll hold then, that's what i was leaning towards doing too.

thanks anon.

>>27661057
In the same boat but I own 1.5 ETH that I bought last summer. I plan to hodl like 30%. and dump the rest after it reaches 2k.

>>27662316
based

>>27659113
Thanks anon

>>27655880
Tough to buy at it’s all time high in the middle of a pump unless you want to gamble on it continuing to climb without any retracement

>>27662763
>Pic rel

I sold at 1400, when's this shit gonna dump.

>>27654838

So sick of this meme.

If BTC is digital gold, LTC is digital fools gold cause it's literally a copypasta of btc's source code.

ETH is digital gold that you can run the next generation of the internet on

>>27662458

small bag solidarity. we're still gonna make it bro.

enjoy those profits - it feels good.

Hmmm yo hold my ETH or use it to try to make a quick 10x off some shit coin

>buy ETH in 2017 at 600
>atomic dump happens to double digits
>hold ETH that entire time because stubborn
>price goes back up in 2020
>sell at 600 to break evenand get out because I don't believe in this shitty coin anymore
>price still went up and up
it's not fucking fair...I was the one to HODL like no one had ever HODL'd before. Why was I the one to get shafted?

>almost about to hit 1.7k
wtffffff
broooooooooos

>>27664069
I've had to reset my limit order 3 times already because of the absolute bulls.

>>27663990

if you sold because you didn't believe in the project, then you acted according to your strategy and you consider everything happening right now to be empty hype.
I don't know why you wouldn't believe the hype would continue at 600, given how forgetful people are, and how much they chase the moon, but you still acted with a justification at least. Good job.

>>27654838
>>27654772
>>27655779
oil, and the real estate the oil is on/under

>>27654838
Holy cringe.

Bitcoin isn't digital gold, it's a hedge against inflation, not a hedge against the market.

And even if we were to consider Bitcoin as "digital gold", Ethereum is a different investment entirely.

>>27663160
so close to being educated

>>27655411
It's GME.

>>27654772
You can't think like that. We all COULD have bought 600 dollars worth of dogecoin when it was .000013 and held it til it jumped to 8 cents and been millionaires, that's not what any of us did and if we were the types to do that we would likely have pissed away our money on other dumb shit before that. You CANNOT beat yourself up over things you had no way of expecting. Ethereum for the longest time was "just another shitcoin" I'm stoked for those who bought in, but I'm not jealous

>>27655968
>>27656174
No way it doesn't dump after this insane spike over ~2 days

>>27664711
>he doesnt know

>>27664589
based

>>27664711
babys first bullmarket

>>27664711
its gonna dip in the following weeks but it will go even higher next week after CME futures

https://www.cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html

due to gas prices its not worth it to dump during the dip, hold

>>27664711
its gonna dip in the following days but it will go even higher next week after CME futures

https://www.cmegroup.com/media-room/press-releases/2020/12/16/cme_group_to_launchetherfuturesonfebruary82021.html

due to gas prices its not worth it to dump during the dip, hold

I’m expecting a $3k this year, don’t know when but it will happen

>>27665032
CME pump is happening right now, dump comes 1 day before or exactly at feb 8th

>>27663990
at least you didnt sell at a loss

>>27664757
why dont you tell me then

>>27654772
Ya dun goofed. Swing btc and eth stacks while 10xing shitcoins.

>>27655779
>>27655869
>>27655416
>>27657546
>>27663160
sneed

>>27665689
Yup. Smart to exit to stable on the 6th. 2x by then.

>>27654772
>doubting ETH
>ever
hope you learned your lesson

>>27665689
I could see that, but will going by my fav youtuber said. will donate to reach the next patreon tier and ask him this coming paycheck

RUUUUUUUUUUN IT'S DIPPING

>>27665689
What prices are we looking at? Price already looks pretty high

>>27666644
Dubs behind 666, noice.

>>27666787
Back to 666 kek

>>27666644
Who knows? We are half a week away, only thing I feel safe about is a dump on CME day, sell the news style

>>27664589
Cope, Ethereum was never "just another shitcoin" if you paid any attention at all to it beyond the FUD you can read on Indonesian jellyfish ranching forums.

>>27654772
They talked about etherium on fox business this morning--and in a very positive way. It was interesting to see..a lot of new people in the market as well. Eth is gonna go over 2k...maybe $2500

>>27655787
pro tip, anytime something breaks ath it will have a nice run up relatively soon afterwards

>>27655411
Please stop sharing my investment strategy

>>27657136
>working for money
nah

>>27655787
it was literally predicted by most popular TA

Ignored crypto until last week then got 11 of these at 1300. How much will this shit climb? I always hear outrageous claims and it's hard to believe. I need to get more but I can't until more money rolls in. If this shit takes a hit next Monday I won't sell, I'll buy more.

>>27655787
Because the chart broke years long resistance against BTC and people posted that here weekly?

NOOOOOOOOOOOOO ITS DIPPING

>>27668428
>How much will this shit climb?
This "shit" does more than 4x the daily transactions Bitcoin does and generates more than 4x the daily transaction fees. ETH is massively underpriced vs. Bitcoin. 10k is a conservative prediction for ETH price this year.

>>27668241
Did some math...I've been waiting patiently. Looks good. Feels good.

>>27668665
Nice.
Do you think it's reasonable this could ever reach 100k? I see people saying bitcoin could hit 300k and it sounds absurd but I've only been paying attention for a week so I have no idea what's potentially possible.

I want to jump in on this but I feel like $1600 is too high. Should I wait for it to dip more anon?

>>27655787
>this rally is so inorganic, how I was supposed to know
ETH has been in a textbook ascending triangle formation for weeks, basically imitating what Bitcoin did in late November and early December. If you couldn't predict this, then you haven't been DYORing.

>>27669042
Im also curious

Slow down the moon mission, I need to buy some more

>>27669042
Look at it this way. It'll go over 2k. How much of a dip (if much at all) and when is not clear or certain.

>>27669003
>Do you think it's reasonable this could ever reach 100k?
Yes. By next year, once ETH 2.0 is fully implemented. Look at the growth of DeFi. TVL has grown from 10 Billion at the beginning of December to over 30 Billion as of today. Most DeFi runs on Ethereum and the value of the network has to outpace the value of the assets it protects, especially once proof of stake goes live. WallStreetBets has opened people's eyes to the manipulated state of the legacy finance system and that's going to make DeFi grow even faster. I expect ETH with 10x this year and 10x again next year, likely surpassing Bitcoin's market cap in the process.

>>27669410
I keep waiting for a red day in general, the market has been pumping for a while now

>>27669410
Can you brainlet me on this. So it's a decentralised computer? Or some shit?what is the value of that? Is it just a way for other coins to piggyback off of it to do work or what

>>27669608
I wouldn't wait for that right now. Some will go red though.

>>27661057
I had something similar happen. I sold enough to get my money back and then held the rest. I would have made more holding it all but at least I have the peace of mind I can never lose money on this.

>>27669745
yeah, I'm still DCAing
a nice fat red dildo is always so much easier to buy though

>>27669564
Thanks, I'm glad that's actually a realistic number.

>>27661057
Buy another and hold until 10k

>>27669129

>it's right there in the textbook magic lines
What I want to know is, what do you do when you make a bet based on the lines and news comes out, altering the environment and the prediction

about 50% of my folio is in ETH, it's been a wait but pretty /comfy/

question: point me to good places to put ETH to get some interest. ambiguous about 2.0 staking because of needing to deal with some poo exchange and i wanna be able to sell. specifically can someone please spoonfeed me on yield farming as i'm relatively new to that i.e. is there an ETH/wETH pair or something to avoid impermanent loss and what are the gains? i believe i have enough so that the gas fees would be worth it. other ideas also very welcome (aside from celsius/nexo/etc)

>>27670310
pretty sure it doesn't take much perceptive power to see that TA "rules" hardly apply to crypto markets
>picrel

>>27655705
Do what I do and sell when you have a decent profit. Wait for some red candles and then buy in again with your initial investment. You don't have to hold and wait.

>>27670595
that is exactly what I do
it still feels bad when I sell for profit and then it pumps an extra 30% the next day or something similar
can't win em all I guess

>>27656365
I had 112 gme at 40$, I sold Tuesday at 90$.

Same boat, other side of the hump though. Profit is profit though.

>>27654772
>doubted vitalik
ngmi

>>27669608
There are a lot of great youtube videos on this, but..it’s not held in any one place or owned by any one person. Instead, it’s part of the blockchain. This implies it’s tamper-proof and very reliable. btc is like gold and is kind of clunky--a store of value in one sense, but eth has smart contracts, which have a lot of potential applications. Also, just supply and demand. Just immerse yourself and learn.

>>27670310
>what do you do when you make a bet based on the lines and news comes out
You pay attention to the news. The news and the TA for Ethereum have both been great for months now, so this wasn't a hard call for me. I have millions of dollars worth of it though, so I may be looking at it from a different perspective than others.

I'm just waiting to dump a shitload into the next dip and holding for the next 5 or so years, when will that be?

i don't get it. everything is built on eth but it's fucking expensive to do transactions using it. why is this scaling? don't get me wrong, my port is 90% ETH and i've been making massive gains.

that's the last fud i can't get over. "muh eth 2.0" - it's been years. sure they have stuff built on it, partnerships, branding, etc. etc. but it's just too damn expensive. a simple uni transaction could run you 50 dollars now.

>>27671823
When you introduce changes onto a network as valuable as Ethereum, you have to be sure they work. EIP-1559 and optimistic rollups are coming. And until then, just appreciate the fact that people are still willing to use Ethereum even with the expensive transaction fees. That means there's value on the chain. Also remember that Ethereum is already doing almost 5x the number of transactions Bitcoin can do in one day.

>>27655705
>sold .6 eth between 1.2 and 1.4k

PIECE OF SHIT

This guy’s ID is literally ‘KEK’ please come ridicule him: >>27671702

He needs many (YOU)’s. This is literally history guys. Biz has found the ultimate KEK of the board. Come drop a (you) to mark yourself in the archive history books. Like 8 already have let’s keep the cuck train going.

>>27657852

this guy knows what he's talking about.

Boys tell me a good reason to not FOMO in

>>27673104
Do it. What's the worst that can happen?

>>27657687
best post in this thread

>>27673198
Can litterally anybody else respond before this guy makes me drop a fat stack on ETH. please.

This guy’s ID is literally ‘C .U. CK’ please come ridicule him: >>27671702

He needs many (YOU)’s. This is literally history guys. Biz has found the ultimate KEKold of the board. Come drop a (you) to mark yourself in the archive history books.... let’s get this to a record number of you’s don’t give the cu ck a break. Let’s get this to a record number of you’s

>>27673198
The worst that can happen is IRS knocking on your door cuz you made so much profits

>>27673520
Smartest investment of this decade. Not sure if we're at a top, but you won't regret it if you can hold

>>27672797
Legend

>>27673684
I hate this fucking board so much.
Buying tonight so i can see red tomorrow, thanks everybody !

>>27673820
If you intend to hold long time then it’s a good investment, though he can always DCA

>>27667698

kek

>>27673820
what the fuck do you want to know. it's gone from $100 to $1600 in 8 months. we're in the late beginnings of a bull market. people are expecting it to go to $5,000-$20,000 potentially. you just have to have the guts to hold

>>27657044
Really dont think it matters senpai. I also think a lot people are supressing this price until 2.0 comes and they switch over for the exact reason you mentioned.

>>27654772
I've been ignoring the FUD because every FUD I see has the same arguments: Fees too high, code is spaghetti, network too slow, old, stupid, will be replaced by (insert token here) etc. When Eth 2.0 is fully integrated, the bots clogging the network will starve, bringing the fees down and the speed up. Staking will encourage people to hold and not swing.

>>27673520
ETH is a solid investment. It's not going anywhere, and there's so much development going on. The EEA has partnered with tons of big companies. There will be thousands of DApps being released as soon as Eth2 phase 2 is complete. It will take some time but sharding and staking will solve the scalability issues.

>>27657044
I'm a stupid normie on coinbase, which is why I don't try to do anything with my eth. I just buy and shove it in a wallet. I don't think these platforms are doing much to affect the fees or speed of transactions. It's all the miner bots trying to get every last cent out of it before the move from PoW to PoS that are shitting it up. What I find encouraging is the price is still climbing despite all that.

That’s what happens when you think shit of eth

>>27654772
ETH's breakout has been one of the most anticipated happenings of this bullrun. newfags on biz FUD the shit out of it bc they've never so much tried to really been far even as decided to use even go want to look more like