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17095314 No.17095314 [Reply] [Original]

If half the coins in the cryptocurrency market are on the Ethereum blockchain, why isn't ETH fucking mooning right now?

Why is it valued so low?

>> No.17095351

>>17095314
because its shit

>> No.17095356
File: 1.89 MB, 320x180, booger_man3.webm [View same] [iqdb] [saucenao] [google]
17095356

>> No.17095545

100% of the scams are on ETH too. Fuck Ethereum and fuck crypto

>> No.17095613

>>17095314
>old technology
>why not moon
>i want money

>> No.17095849
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17095849

>>17095314
ETH will be nothing but a novelty sidechain of BitCoin run by a handful of autistic NEETs for nostalgic purposes to play with their antique "smart contracts" and "chain links" like so many neckbeards with N64 emulators

>> No.17096272

>>17095314
Because it's undervalued. Once the market realizes what you just did, ETH is going to $5k.

>> No.17096283

>>17095314
Which coins are mooning that are ERCs

>> No.17096290

>>17095314
Why isn't USD mooning when the whole global economy relies on it?

>> No.17096296

>>17095314
Because the tokenomics don’t encourage high prices and they do that purposely. This is not to say eventually ETH won’t be scarce and high value but for right now the entire network functions perfectly well whether the price is $1 or $100,000,000. It literally makes no difference, the only cause for increased value at this time would be due to speculative ideas around staking, which is not too speculative because we already know it’ll offer somewhere between 2.5-3.5% annually. That’s not crazy but it’s better than a bank account and as good as most dividend stocks. However, it’s much higher risk than a great number of dividend stocks. Adoption will drive ETH up further but only because validation in the real world will mean it’ll become a stable part of current and future boomer retirement portfolios. Scarcity is all that can really cause it to moon outside of retard feverish speculation a la 2017, and that won’t happen for quite some time.

>> No.17096317

>>17095314

Erc20s are zero utility tokens on a network that can't scale and a forever changing protocol. You don't build anything on unavailable moving sand unless it's a scam

>> No.17096324

>>17095545
>He rather fiat

>> No.17096328

>>17096317

>unscalable **

Don't believe me?

Go fucking do it and report back.

>> No.17096359

>>17096317
This

>> No.17096392

>>17095314
>If half the coins in the cryptocurrency market are on the Ethereum blockchain, why isn't ETH fucking mooning right now?
because over half of them raised those valuations in eth that gets dumped back onto the market.

>> No.17096486
File: 1.19 MB, 1926x1284, commieeth.png [View same] [iqdb] [saucenao] [google]
17096486

ETH is a mess

>> No.17096554

>>17095314
Quality > quantity
We need another shitcoin purge.

>> No.17096605

>>17095356
Now that the dust has settled, what was he thinking?

>> No.17097036
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17097036

>>17095356
ok now post booger_man2

>> No.17097043

Almost every ERC20 token is a scam.

>> No.17097218

>>17096272
basically this

>> No.17097411

>>17096272
This.

>> No.17097451

>>17095314
because crypto is currently useless so it goes by name recognition, and bitcoin has 10x more name recognition than everything else combined in crypto. which is why that seething faggot craig wants it so badly

>> No.17097479

ERC20 tokens are basically monopoly fun bucks, the absolute bottom of the bottom of cryptocurrency