/biz/ - Business & Finance

Literally LINK.

>>28621760
>Uniswap implements rollups
it's taking too long

>if you cant pay a $500 fee, then you should not be in DeFI

Typical burguer/kike mentality.
I'm not impressed anymore. The good thing is that you elected a commie for president, and your country is negrifying in a accelerated pace.

ETH isn't popular here because despite being able to use Uniswap and such not many people have any idea how crypto works or what they're doing.

Also the most active and vocal posters are either poor or late adopters so they'd rather buy scams and hope they get rich that way. See everyone buying doge instead of Bitcoin.

And finally only maybe 10% of casual investors understand the concept of market cap vs. price. They see Ada at 80 cents and think wow if it just catches up to ETH it will be 1,800 too , why should I buy one ETH when I can have 1.8k Ada.

>>28621839
LINK is a major contender for being an L2 trailblazer
>>28621953
It is, but ETHDenver just wrapped up, and Arbitrum mentioned they're pretty much done, public mainnet code soon
>>28622112
>Typical burguer/kike mentality.
Neither of these things, but you can do one of two things in the meantime,
a) do exactly what my OP explained what many will do, instead of just not participate in DeFi you can buy tokens at 1/10th the price and just wait a few months to take part
or
b) just buy on a centralized exchange you trust, binance, coinbase, etc and just relax for a while, watch the price moon, and laugh as people that took route (a) seethe
>>28622180
>late adopters
Which is EXACTLY what I'm trying to explain to people with the above post. Imagine waiting until crypto is easy for a grandma to use to invest. That's what many people are doing right now.
>Too expensive
>Too complicated
Can't wait until you can buy it on your brokerage and an actual Grandpa that has no qualms about leaving it on that website will make the price skyrocket.
>understand the concept
This is a sad truth and I'm starting to think that people that got burned on XRP just went to ADA. Good for them, but they're still gonna get burned.

People keep thinking "ETH2" when in reality it's just "ETH1.5" which is significantly closer than you think, and it's going to be a sea of pink wojaks when people regret,
>Is it too late to buy ETH?
>>$20,000
>Just bought my first ETH, cost me a lot but now that the network is cheaper, I can finally get into DeFi!

>>28622573
I don't know if brokerages offering crypto is a good thing unless they physically need to own the assets and are regularly audited. Which I don't think will ever happen. Does Robinhood and PayPal actually own one coin for every one held by their users?

Outside of regulation I think the biggest threat to crypto is mass acceptance and paper trading where we get into a silver/gold situation where kikes suppress the price by making 90% of the volume backless paper trading printing supply out of thin air to suppress the price and hide the gravity of inflation, making you put your money into markets they can easier control and manipulate/profit from.

>>28623074
>is a good thing
Never said it was good or bad, just saying it's already happening.
https://www.reuters.com/article/us-crypto-currency-etf/canadian-regulator-clears-launch-of-worlds-first-bitcoin-etf-investment-manager-idUSKBN2AC29M
https://www.coindesk.com/peirce-sec-coindesk-tv

>>28621760
quite comfy w/ my 250 stack. trying to swing for a 1k stack - seems doable in alt season.
>>28622112
seethe midwit
>>28622573
>reality it's just "ETH1.5"
this. we're so much closer than people realize to taking over the financial world.

>>28622180
>And finally only maybe 10% of casual investors understand the concept of market cap vs. price.
10% of the casual investors, and also only 30% of /biz/ nowadays it seems
The amount of "shill me a coin under <0,XX cents" posts is getting too damn high here

Also, what's up with this?
Google Search trends for eth is at an ATH, yet the price is stagnating a bit

Comparison with btc

>>28621760
I can’t believe we made it this far. I kept thinking I was crazy for believing in eth so much. I actively participate in defi and I can’t wait for Aave or another banking platform to come along and actually start disrupting the financial industry. The writing is on the wall, and it looks like eth has a major advantage.

>>28624399
Honestly I have been analyzing this too. My thought is that people are doing research about what to spend their stimulus checks on in April. We’ll see.

>>28624528
Hm, I hope so but I don't know man. There has been a lot of normie money pouring in already the last 2 weeks but Eth has mostly been following Bitcoin.

95% of people are unironically too low IQ to ever understand how Bitcoin works, let alone Eth.

I'm almost all in ETH op, thanks for the confirmation bias

>>28625666
i'm forced to explain to my irls how marketcap works all the time lmao. The average investor is so fucking uneducated it's insane
>"hey anon why should i buy ETH its already at 300"
>"STUPID RETARD JUST TRUST MY AUTISM AND BUY IT DONT BUY XRP"
>he buys fucking TRON

its all so tiresome

>>28622573
Until I need to cash out and find a $2000 fee.

>>28624090
Nigger.

All the L2 projects launching right is making the eth killers SEETHE, and they will FUD it every step of the way because they bet on some super special giga functional layer 1

>>28625666
it's easy to think it's just the newfags and the normalfags, but it goes beyond that. talk to venture capital guys, tech funds who have literally done nothing but tech for years and worth billions, and are aware of crypto since 2012-2013. you'll find they somewhat understand bitcoin and still struggle to truly get ethereum
this is why "eth killers" work so well in the market. the concept of smart contracts is so abstract to the average mind you can more or less sell anything as such.
ergo it's not so much a "we are early". many of us /biz/raelis hopped in 2016 and later. many normalfags have been aware of bitcoin since 2012 and perhaps even used it to buy drugs and all. like satan says, most of the population lacks the capacity to understand smart contracts, now and ever

Gas fees are to high lol.
20x is achievable on platforms without ETH fees, so why chose to burn money for no reason?
You people are just emotionally attached, and Vitalik is a gas sniffing addict.

>>28624804
That’s what I mean though. We had low volume while Google trends is at ATH. Doesn’t make any sense.

>>28626665
The L2 paradigm is coming. Redesigning L1 for higher throughput is just kicking the can down the road.

>>28626665
Tell me why institutional investors are buying huge amounts of ETH through greyscale and not your shitcoins? You could make the argument that they are not aware of ethereums problems but even that would be retarded to assume

>>28624399
Price is stagnating because of actual institutional buy ins. Remember the time we spent at $600, then $1200, then $1800. Notice a pattern here? $2400 is unironically the next stop.
>>28625956
It's not a confirmation bias, it's got the first mover advantage to smart contracts just like Bitcoin has the first mover advantage to blockchain itself. All other tokens need not apply.
>>28626190
>its all so tiresome
Day after day.
>>28626308
That's your first problem, you're focused on cashing out. Imagine "cashing out" land in newly discovered America. Imagine "cashing out" your Apple stock.
>>28626310
>nd they will FUD it every step of the way
It's quite laughable. AVAX was taking over ETH, mostly because the price was going up, then the blockchain doesn't even fucking work. NEO did the same thing, was gonna take over ETH. 4 years later, here we are.
>>28626529
>and still struggle to truly get ethereum
Mostly because it hasn't really hit its prime yet. When electricity "came out" sure it could light houses, it could transfer simple Morse code messages. Did anyone ever think of solar powered pornography websites that you could view on a mobile phone that you pay for with your work from home programming job?
The possibilities are far off. It's hard to sink billions of someone else's money when you can't really even fathom how it'll change things.
>picrelated
>>28626529
>this is why "eth killers" work so well
They work well because someone who doesn't have 32 ETH wants 32 ETH and they delude themselves into believing for a while that their project is going to win, and they won't need 32 ETH. The sooner most people get on board that it's all about squeezing for more Bitcoin and more ETH the happier you'll all be. Don't tell anyone though, else the alt market will collapse and BTC and ETH will become the only products. Rightly so.
>most of the population lacks the capacity to understand smart contracts
You don't need to understand them. Just buy.

Im 100% ETH
I have 8
I been buying slowly since 300$

Fuck ETH killers

YOU WILL EAT ZE BUGS
YOU WILL PAY THE GAS FEE

>>28626665
>>$500
>Who cares, markets not sustainable anyway
>>$600
>Oh great, missed the dip again
>>$700
>Still below ATH though
>>$800
>Gas fees are too high
>>$900
>Gas fees are too high
>>$1000
>Gas fees are too high
>>$1200
>Gas fees are too high
>>$1400
>Oh great it crossed ATH but gas fees are too high
>>$1600
>GAS FEES ARE TOO HIGH
>>$1800
>>You are here
>>$2000

>>28624447
Is it too late for AAVE? I dumped some fiat into UNI, LRC, and REN in anticipation for altseason yesterday and it was literally the worst day to buy ever.

>>28627280
Why did you buy any of these things?

>>28626925
Thanks for the hopium
Really needed that after the million eth fud threads of the last weeks

let them eat gas

>>28627578
I just want my first 100x. So tired...

>>28621760
Cope

Look I'm not really smart ok. I'm not smart or talented or any good socially. I have nothing going for me. I'm just trying to climb out of servitude for once in my life

Not buying ETH because I only expect it to 2x again before the next crash, to be honest with you.

10k eoy faggots

>>28626925
ETH dumped to $80 in 2018, from its ATH.
Of course I'm going to cash out, to buy more later, in 2022.
Now imagine it goes to 30k, you go to cash out and find a 15k fee. Would you pay?

>>28621760
Based