/biz/ - Business & Finance

>>27721543
You should do it but at a lower price point, it will retract someday. It is going up to probably $2000 but then will recede.

>>27721543
You absolutely should. I'd put as much as you're willing to lose into Ethereum. It's going to explode in price.

>>27721543
Wait for a 20% retracement.

>>27721647
>>27721659
Coinbase a smart option?

>>27721543
Remember it went from $1200 to $50.

DYOR before investing rather than fomo, this coin is dogshit with retarded fees that make its entire ecosystem not viable.

>>27721543
It's not bitcoin, it does not have a hard cap of 21 million coins. It will not reach bitcoin levels of value. I know that's what a lot of newbs think, like it's just cheaper bitcoin but it is NOT.

$1580 is an absurd price. Nobody in the crypto world even likes ETH, we all think it's shit but hey it's made us money. It will be replaced soon enough mostly because of the insane transaction fees. ETH 2.0 might as well be a decade away and doesn't even fix much it's just a massive tourniquet. DOT, AVA or ADA or a split between them is probably a better choice for a longer term hold.
The real question is why not Bitcoin? It's the safest crypto investment.

>>27721805
it's use is extremely widespread and the fees should be solved by 2.0, you won't kill its install base in 2 years while you wait for 2.0 to come out, eth killers are a mith

>>27721747
PayPal

>>27721543
Can’t scale

Suddenly after months the first time I shill for a faggot company my phone isn't range banned. Some kikery afoot here

>>27722340
ETH 2.0 is a meme, only 60% of dapps now are on ETH dropping by the month, fees are literally $100 making it completely unusable for a single thing it was created for.

Its going back to $100

>>27722517
Will scale with 2.0 rollout

>>27722340
Imagine someone created a platform and a coin that would allow you to buy, sell or swap any ERC-20 token but at 1% of the transaction fees and instant transaction speeds. How long would people keep buying Ethereum for?

>>27722718
ser what platform does this

>>27722718
how much longer would people keep trading BTC if a much better protocol existed? it's the same shit here

>>27721543
>>27721747
I'm going to unironically shill LINK

You'll get more for your money, and returns are potentially greater.

>>27722967
BTC doesnt cost $100+ per transaction.

>>27721543
buy some now, and a some more later

>>27721543
yep smart, DCA some in each week till we hit next major bubble (like +20% in a day i'd say)

>>27721543
put $10 in a Roth IRA split between VTSAX and VSMAX

put the rest into BTC

same a couple G's for a gold coin. you'll thank me in 50 years

ETH is down 4% in the last 18h

>>27721543
Buy 10,000 GRT, put the rest in ETH. Wait 2-3 years. Now you have a ton of money.

>>27723250
>put $10 in a Roth IRA split between VTSAX and VSMAX
>put the rest into BTC
>same a couple G's for a gold coin. you'll thank me in 50 years

>>27722314
EIP 1559

>>27723058
yeah but it allows for like 4 per second, compare that to Visa.
Sometimes technichal brilliance doesn't mean mass adoption, it's hard to shift a billion dollar market.

>>27723370
graph or golden ratio?

>>27721543
I have $15000 in ETH

>>27721543
Because it’s gonna crash soon, dummy.
And after the crash, it’ll go even higher.
Be patient. Wait for the crash. Wait until idiots who WOULD have been you panic and start selling. Buy at $500. Hold. Sell at $5000 at the next spike. Or hold and sell at $10,000 at the next one. Or do both. Sell half each time. Just don’t buy now. I’m literally about to dump all over your face with my $350 each bags I bought 5 months ago

>>27722967
There's only 1 bitcoin, that's been settled. I don't think that kind of loyalty or whatever it is could exist with an autistic overpriced centralized mess of a coin like ETH.

>>27723555
Isn't that just a rumor still

>>27723774
You mean you have $14,100 in ETH now

>>27723688
Graph obviously

>>27723797
>eth
>mess of a coin
Kid you have no idea what the fuck your talking about. Go back to zoom class or jacking off to frogs in ur basement.

>>27723688
GRT is Graph, read up on it, cool stuff

>>27721543
u shouldnt because when it drops 10% u are going to panik and every other retard like you will do the same, u wont be able to sell cuz coinbase will crash as usual, then the price crashes from all the sell orders from retards that put their 10k lmao life savings in it

fuck off

>>27721543
Grayscale bought $100 million+ Ethereum in the last 48 hours. You can follow the money or listen to dollar store shitcoin chasing idiots, your choice.

>>27721543
>after seeing what happened with Bitcoin, I'm not gonna miss out.

What happenend with bitcoin?

>>27724610
Uh it skyrocketed over the course of the last few years? What did you think I meant?

>>27724263
Really? Last cycle btc hit its ath then a month later eth hit its high. Around a month ago btc hit its most recent ath. And now eth a month later.

>>27724763
If you think that's the only thing that was noteworthy you're in for a suprise.

>>27721747
Binance has the lowest fees. 0.1%. If you're in the states, use binance.us

>>27722314
>Nobody in the crypto world even likes ETH
People who actually work and develop in the crypto world know that ETH 2.0 is going to be major. Read Vitalik's blog and you'll understand.

>>27725135
Enlighten an uninformed soul

>>27725523
>spoonfeed a retarded newfag
No siree bob!

>>27721543
Nobody can decide for you. I believe in Eth and Link so I hold them. You have to make your own choice and live with the consequences.

>>27725629
Wasn't talking to you fag

>>27724078
>>27724109
I looked at both and that's what I assumed, but thanks for confirming.

>>27722314
This is the high IQ post in this thread.
Anything but bitcoin and OP is an idiot.
(Yes shitcoins will go up, but nothing like BTC will)

>>27721543
ETH is the backbone of defi and of 99% of all the shitcoin fuckery in here. It's about to change to PoS and limit its supply. While PoS at this scale hasn't been proven yet, it's high likely to pump to 10k or even higher in the next 2 years.
Obviously buy as much as you can, but consider cost averaging, if you can't handle being down 50%.

Wait for it to go down in February, invest what you're willing to lose. Dont invest all your savings. Wait for it to go up, might take a couple of years to make a decent profit.

>>27725279
*if you're in the states but not one of the 13 that they can't support

>>27723370
why graph? newfag here

>>27725279
>people here shilled me kraken awhile ago
>their fees are retarded and they are super restrictive
Fucking hell

>>27721543
If you're going to do this, put in $1000 now and then DCA the rest over the next 2 months (e.g. on the 1st and 15th). ETH is currently in a bull market and hard to say when it will correct, so don't try to time it

>>27721543
Do it. But when you do, commit yourself to keeping it long term and not sell anything before it's at 10k. Even if it dumps in between

>>27725279
binance us has atrocious customer support, worst in the business
it takes two weeks to get verified in the first place
once you're in, it's a gamble that everything goes correctly - but if something goes wrong and they lock your account, prepare to have your customer support ticket ignored for weeks or worse

>>27727589
eToro is the only service in my 3rd world shithole that works with my bank account. Would it be alright to use Etoro in conjunction with Coinbase?

If you want to hold long term, go for GRT. Other than being one of the surest long term investment in crypto space (I'd say even more than BTC, honestly), you can stake them to earn interest with ~20% APY. Go here to ask questions >>27705108

Regardless, I suggest diversifying a bit at the very last. For example, it's likely, but not entirely sure that ETH will last 10 years, as it risks to be supplanted by something more efficient like AVAX. I suggest against it. If you really have to, just go for Bitcoin. At this point it's almost guaranteed to hit one million dollars somewhere down the line.

Know this, /biz/ paradoxically hates ETH because they missed the boat AND the fact that it hasn’t shot up to $20k like Bitcoin. ETH holders choose slow and steady. The technology and mainstream adoption is growing, despite being below ATH.

Buy and hold, but if you can’t stomach 25% drops every now and then, don’t bother buying. Also, if you don’t think you’re going to get dumped on with DOT and AVAX, you’re wrong. A lower price point, like with stocks, means nothing, other than early adopters want to take their money and go

So I got into Krypto recently.

I basically only use Binance, have invested 50€ in BTC and 30 in ETH (just to test out how buying and selling works)

Whats the next step here? Should I get a wallet? Is there a wallet for each currency? Is Binance a wallet?

I could use some tips

>>27721543
long tearm its the best investment rn, make sure to DCA

>>27721543
>Tell me why I should or shouldn't do this.
you probably should honestly

>tfw already sold ether
fuck, this is going to skyrocket, isn't it?

>>27729712
It’s crashing right now

>>27730414
>1641 is crashing

>>27730553
It was more 30 minutes ago

>>27729550
I'm saying this unironically
go back to redt
I'm not even memeing here, /biz/ is not the place to be asking basic bitch questions. DYOR - watch some youtube vids, read some articles, check out redt unironically
then come back here to wade through shit for hot tips
motherfucker this ain't pre-2017, there's plenty of good info out there