/biz/ - Business & Finance

>>57654823
turk goatfucker scam

>>57654838
surely it will recover... right?

>>57654848
No. Alas, it wont.

>Fudding AVAX

4 figure hell portfolios detected

>>57655152
umm yeah ive got four figures of avax

>>57655245
Why not 5? Bitch.

>>57655251
>Why not 5? Bitch.

>red coin
>only dumps
KEK

/biz/ will rope when we pass $500 and they realize they sold their bags at $40

>>57656319
i hope

This shitcoin always dump until it doesn't and pump x5 in one month against the market for no reason.

I'm shorting for the upcoming unlock, It's going to completely nuke beyond repair ($400M coins worth, Insane amount), So i'm willing to take the bet it won't pump.

>>57657394
imo its giving priced in

>>57656319
"Fair price" at the time of halvening is somewhere around $20, i would sell while i could if i were you as avax has entered a downward chanel in the last couple months

>>57657422
ah, the astrologists have arrived. welcome

>>57657422
I know this is not what people want to hear but an asset that is pretty much only supported by hype and doesn't have any meaningful upgrades in the coming months/years is doomed to have this kind of price action...it's a shame because it could have been something now l2's are have taken over.

>>57657435
You can call it that, i usually don't trust TA but in the case of a coin that has no major events or news it's all you have desu

>>57657447
>no major events or news
im not even a big fan of avax but there was a jpmorgan press release about a successful test where they tokenized a private equity fund like a week ago. it was on binance even

>>57657454
>successful test

lol how cute, we already have those on Ethereum's blockchain

"Asset tokenization – converting an asset such as a fund, real estate or art into a digital token, making it storable and transferable using DLT – has been gaining ground in the past year. Total value of tokenized real world assets on public blockchains increased to $2 billion from $1 billion in the last 12 months, and Ethereum currently hosts the vast majority of it. One factor slowing the adoption of tokenization is a lack of a reliable form of digital cash, which has led market participants to settle transactions off-chain or use stablecoins."

tldr;
The majority of rwa will be held or is already on Ethereum blockchain.

>>57654823
That's a nice picture. Where did you get it?

>>57657584
>muh ETH
Wanna know the true Value of 1 ETH? its $10.
thats the Price before the EEA announcement in early 2017 and this is what actually attracted all that Liquidity into Ethereum.
Basically the financial industry coming out and saying they will support and develop for the EVM, that was the reason for the high ETH value and the massive pumps.
Now what happened next is that Ethereum developers couldnt deliver the scale that was promised and after some years the Ethereum Enterprise Alliance began looking for better Solutions and they found that in Avalanche and its Subnets.
Now the EEA is shifting to Avalanche instead and they are building all the RWA products that everyone imagined for Ethereum on Avalanche. All the RWA trillions go into Avalanche!
JPM (leader of the EEA) said Ethereum is dissapointing and now they hype AVAX.
There is literally nothing they need Ethereum for, the support for the EVM is drying up too as it became clear that its possible to build high performance VMs on Avalanche.
So yeah Ethereum is over but you still have the chance to swap your ETH into AVAX and make it.

>open an AVAX short because of the unlock
>hedge it with an ETH long in case everything pumps
>both green
kek

I'm a developer, I've thoroughly reviewed the Avalanche Network (AVAX) white paper and documentation, along with various blog posts, including those from notable tech companies. Here are a few reasons why I would hesitate to use AVAX for my applications:

The current state of the "mainnet" lacks true decentralization. There's no effective decentralized method to evaluate the performance or reliability of a node provider.

The development progress has been slow, taking them years to essentially create centralized nodes, which is not particularly innovative since such systems already exist. This casts doubt on the future prospects and the capabilities of their engineering team.

The white paper fails to clearly outline a viable transition from a centralized framework to a decentralized one. They touch on "decentralized" reputation systems in a superficial manner, as though the challenge of creating a Sybil-resistant decentralized reputation system is a secondary concern, despite it being a significant, unresolved issue in computer science. With years of development time and substantial funding, the lack of detailed technical specifications for this aspect is concerning. It reminds me of promises from other projects that claim they will solve centralization issues in the future, which often remain unfulfilled.

There's a lot of media buzz about partnerships with major tech firms, but a closer examination reveals that these are often overstated. For example, a tech giant's blog post might be misconstrued as a partnership when it's merely a demonstration of how AVAX could potentially integrate with their services. There's no evidence of these companies committing to use AVAX themselves. Moreover, if such companies decided to enter the node service market, they could likely replicate AVAX's functionalities without much difficulty.

>>57654823
Is this Turkish for double spend?

>>57658259
lmao someone summoned the avax tranny again

>>57654823
>he didn't sell when everyone found out about the horrifying gas fees
ngfmi

>>57654823
Only goes sideways or dumps despite being the best in the industry, pain lmao