why isnt eth $1000

[Anonymous No.23604391]

it doesnt make any sense

[Anonymous No.23604409]

maxis don’t want to cash out until 20 again

[Anonymous No.23604423]

>>23604391
really no idea, its getting used more than in 2017, yet its not worth more

[Anonymous No.23604456]

when people of lower IQ realise this it will reach way beyond 1000. This is our time to accumulate

[Anonymous No.23604474]

At its peak it was worth 0.14 btc
Now its worth like 0.03 btc

[Anonymous No.23604481]

>>23604423
Wait for papa BTC to reach avout 40k before paasing the baton

[Anonymous No.23604491]

>>23604456
Really wish it would drop back to $200 before the golden bull run. I feel like a cuck paying $400 for one

[Anonymous No.23604544]

>>23604391
>used BTC as collateral to short ETH
>BTC is lock less supply on market
>BTC go up
>short ETH again

WBTC is ruining ETH itself.

[Anonymous No.23604585]

>>23604391
Ill explain it to you because im feeling generous today.
The reason eth will never make a proper run is 1. there is no way to verify supply of it, literally, look it up. It fails on the most basic level.
2. following 1st point ETH doesnt have use for holding it, there is nothing to be gained by having it in your wallet and sitting in it when you know it will get endlessly inflated
3. Heavy usage of ETH is actually bad for the network because miners/validators in the future sell their ETH because its not worth sitting on. So the more fees there is the more is sold on the market.

Now for the only saving grace for ether, it wont ever be eclipsed by some new and shiny smart contract protocol, it has at least won that battle.

TLDR if you want to make money stack btc as much as you can until the end of time

[Anonymous No.23604607]

What is ethereum used for anyways?
Storing things on the blockchain is the way to cuck consumers out of server costs.
Every time you use the ethereum network YOU pay for it.

[Anonymous No.23604645]

>>23604391
Let me show you something retard:
June 2017
> ETH circulating supply 92,128,982 price $2,200
> BTC circulating supply 16,366,112 price $2400
October 2020
> ETH circulating supply 113,209,111 price $390
> BTC circulating supply 18,529,256 price $13,500
That is not counting the 12,000,000 the ETH developers were rewarded and keep dumping for development and lifestyle expenses. Plus, ETH2 staking will create emission/inflation on both POW and POS chains. This is why $300 range is ETH's real value.

[Anonymous No.23604671]

>>23604645
>$2,200
$220
https://coinmarketcap.com/historical/20170601/

[Anonymous No.23604717]

>>23604585
Am I seeing this correct? Maxis dont understand deflation?
ETH 2.0 will be a better SoV because stakers will be in a deflationary environment while nonstakers and bitcoiners will be in a slightly inflationary environment.

Inflation and deflation matters. You should know that by now.

[Anonymous No.23604737]

>>23604391
DeFi has drastically reduced the opp. cost of being a bear
Bears can park their stablecoins in some yield farming app and earn fees + tokens that will appreciate in a bull market
Stablecoins can also be cheaply and quickly converted to Bitcoin/Ethereum
In contrast, in 2017 bears weren't able to earn money with their idle funds unless they put it into PMs/stocks, which have high fees associated with transferring to/from liquid cash

This means bears are much less likely to feel pressured to FOMO into BTC/ETH, which reduces the price

[Anonymous No.23604759]

>>23604544
how?

[Anonymous No.23604802]

>>23604717
first of all 2.0 will never work in the way that you envision it, but yes in fantasy land if it could get to that stage it would be a better version of current eth.

[Anonymous No.23604862]

>>23604391
it will be soon

[Anonymous No.23604865]

>>23604585
https://twitter.com/peter_szilagyi/status/1292706429585981440

[Anonymous No.23604870]

>>23604802
If 2.0 ships to Phase 2, then its done and it will be a better SoV by purely inflation theory. The only gamble here is if it does come or not.

[Anonymous No.23604901]

>>23604585
>ethereum
>not aggressively deflationary after EIP 1559

Confirmed retard, at least make an effort to skim through crypto news every other year. Ethereum is about to turn aggressively deflationary in about 3 months after EIP is implemented (eth v1.0)

[Anonymous No.23604932]

So when ethereum 2.0 comes out what will happen to the current ethereum?
Will it turn into like ethereum classic or will the hard fork it?

[Anonymous No.23605009]

EIP 1559 will fail and fail hard, you better hope they dont push it through

[Anonymous No.23605046]

>>23605009
I am not even talking about EIP-1559. I am talking about just Proof of Stake.

[Anonymous No.23605071]

>>23604474
ETH 2.0 will DOUBLE inflation. It's really noticeable that especially ETH investors have no clue what they invest in. Majority still thinks phase 0 will improve scaling, lol. A scaleable ETH chain is years away, think 2025+. Have fun with doubled inflation to infinity.

[Anonymous No.23605110]

>>23605046
I did say that eth 2.0 they currently envision with PoS would be a better version of current eth, but like I said there is no indication that it could ever work

[Anonymous No.23605136]

>tfw not sure if I should buy btc or cash out

[Anonymous No.23605145]

>>23605071
https://blockonomi.com/ethereum-2-eth-inflation/

[Anonymous No.23605152]

the problem here is that you look at eth as what it might one day possibly be, when in reality you have a finished product that works flawlessly in btc, with unlimited upside. Why not just make a safe bet with maybe small % in eth for gamble if you really wish

[Anonymous No.23605192]

>>23604391
Because BTC is stealing the show, but I am more into new Project like $DGCL right now. Get in until its tool late bro.

[Anonymous No.23605200]

>>23605110
It would be a better SoV than Bitcoin even.
Literally 90% of crypto devs are in the Ethereum ecosystem. There is definitely indication that it might work.

[Anonymous No.23605274]

>>23605009
>literally Stanford cryptography PhDs working on it
>literally the most straughtforward burn(10) change to codebase
>3 clients already implemented draft PRs
>some 32 year old boomer on 4chan who has 10k in shitcoins thinks it’s going to fail

People like never cease to amaze me. You are going to be left in the dust in Q1 2021, btc will bleed up to 20% dominance to eth, but you deserve this for your lazy thinking

[Anonymous No.23605302]

>>23605200
you are wrong though, on both of those, BTC has way more devs, they just dont jerk each other off at some conferences and make their twitter names end in .btc.
Now if you consider the whole eth ecosystem as eth devs, aka shitcoin devs then u would be correct but i mean is that even worth mentioning

[Anonymous No.23605314]

>>23605152
Btc price is trapped by the mempool. Price has correlated strongly with tx/day metric since the beginning. That is why every time it tries to go over $12k it meets a clogged mempool. Strech the rubber a bit and you'll get to $20k again, but you'll also be meet ever higher fees and will get forced back ever stronger.

As for speculation. Yes, its a risk/reward gamble that ETH 2.0 gets working someday. Investing is about looking ahead.

[Anonymous No.23605341]

>>23604901
>deflationary after EIP 1559
Vitalik estimated it would take a century for ETH supply to hit 100 Million:
> approx ETH supply 95,912,556 time 2018-11-03
> approx ETH supply 98,562,556 time 2025-10-02
> approx ETH supply 101,212,556 time 2128-03-20
> https://www.reddit.com/r/ethereum/comments/5izcf5/lets_talk_about_the_projected_coin_supply_over/dbc66rd/
ETH supply is currently 113,209,111. This is how much you can trust ETH monetary policy. Imagine being retarded enough to believe ETH will suddenly turn deflationary when you have to incentivize both POW miners and POS validators by printing out more ETH. brrrrrrrrrrrrrrrrrrrp

[Anonymous No.23605377]

>>23605152
Yeah, sorry, it looks like you are a drooling idiot, no point in arguing with you. Hint: btc can’t run any shit because it doesn’t have smart contracts (and never will)
>>23605071
ahahahahahahahahhahahahaha

Pic related. Just surrender your shitcoins, buy eth until it’s too late

[Anonymous No.23605404]

>>23605341
exactly why EIP1559 would be the death of eth, but they just cant think

[Anonymous No.23605434]

>>23605314
I wish you the best of luck genuinely, hopefully it works out for both btc and eth

[Anonymous No.23605458]

>>23605341
He pulled that number out of his arse because he never thought eth would rocket as hard as it did.
EIP-1559 has been simulated at different levels of volume, see pic to my previous post. You can literally go to ethresear.ch or 1559 discussion and verify proposal yourself. It’s not a loose monetary policy, it’s already a draft PR and it’s easy to calculate: BLOCKREWARD - EIP1559FEEPERTX. Literally all there is to it.

[Anonymous No.23605649]

How much does it normally cost to make a smart-contract on Ethereum? I know that it varies based on how sophisticated one is, but give me a ballpark estimate. Say you own 1 whole eth, how much can you really do with that on the system?

[Anonymous No.23605694]

>>23605458
>He pulled that number out of his arse
Vitalik literally did a simulation by running a script. Same thing that is being done people trying to shill EIP-1559 as something that will turn ETH deflationary. But at least with Vitalik you know he's not bullshitting to shill some narrative to hype ETH up for investors. Even if EIP-1559 is passed, when will POW rewards stop? How many years will ETH2 phase 0, phase 1 and phase 2 last? How many years will there be rewards on both chains? There has been 20 million more ETH printed in the last 3 years. Assuming that even happens by the time ETH comes anywhere near Bitcoin's inflation rate, Bitcoin will have become very very scarce. This is why Bitcoin is nearly 5xtimes the price it was in the summer of 2017 when the bull run was underway while ETH has barely moved
https://coinmarketcap.com/historical/20170615/

[Anonymous No.23605908]

As bitcoin reaches 20k, I have no doubt ETH will be pushing 1000

[Anonymous No.23605933]

Insert unlimited supply fud

[Anonymous No.23606074]

>>23604391
It does OP.
ETH has no cap on supply.

[Anonymous No.23606091]

>>23606074
To add:
That's what makes BSV and BCH worthless as well:
Whoever forked it can (will) remove the cap in the future.
Hence, the dogshit price.

[Anonymous No.23606377]

imagine not buying ethereum right now before the 2.0 deposit contract goes live.

[Anonymous No.23606515]

>>23605302
>BTC has way more devs
no they don't

[Anonymous No.23606632]

>>23605341
retard, they postponed the Ice Age so the block rewards didn't slow down. he was thinking Eth 2 would launch sooner and they would implement keep the Ice Age

[Anonymous No.23606827]

>>23605152
Lol, you mean how Chinese miners control the entire fucking thing? Get the fuck out of here

[Anonymous No.23607389]

No one gives a fuck about (((Stanford cryptography PhDs))). Eth is a fucking dumpster fire. The reason it's not $1000 bucks is because then Gas fees would be $12 per transaction instead of $5.

[Anonymous No.23607580]

>>23606632
>they postponed the Ice Age so the block rewards didn't slow down
so ETH monetary policy is not programmatic and you cannot rely on it to accurately predict inflation rate and coin supply. Thanks for proving my point
>>23605341
>>23604645
>>23605694

[Anonymous No.23607739]

>>23607389
The absolute state

[Anonymous No.23607774]

ETH is going to 5K minimum in the coming bullrun

[Anonymous No.23608444]

How this absolute Ponzi crap could still be worth almost $400?

[Anonymous No.23608492]

>>23607580
you don't know what you're talking about...do you?

[Anonymous No.23608523]

Okay if the inflation is a fixed amount then inflation should decrease in relation the supply over time no?

[Anonymous No.23608843]

>>23604391
anons are busy with DUNE

[Anonymous No.23608860]

>>23607774
uh huh, riiiight.... that why its dumping rn?

[AlphaTriox !!NK9cX8zJpoK No.23608914]

they don't even know how many coins there are....?

huh?

[Anonymous No.23609034]

>>23604391
We following btc cycle 1st sir... so dw sir.. late nov eth pump up with all other defi tokens sir.... this will be the rise of DEFI.......

[Anonymous No.23609299]

>>23607389
This goes straight into my cringe compilation.
This thread is full of cardano (aka we will add smart contracts later), polka (vapor ware) or another shitcoin #6272828 shillers, completely tech-illiterate. Sad!

[Anonymous No.23609338]

>>23604391
I'd rather make dollars than sense

[Anonymous No.23609496]

>>23605908
Yeah because eth has really had similar gains to bitcoin the last week. Sure.

[Anonymous No.23609579]

>>23607389
Probably the most inaccurate and dumb post on this entire board right now.
>>23607774
It'll get to 500 at best. I see 490 but even that's hopeful. It could very well be 1000 by eoy when the deposits 2.0 contract is live and the US is forced to add another trillion to 2 trillion dollar stimulus package.

[Anonymous No.23609810]

what about XRP flare smart contract platform? americans have been working silently in the background

ETH is like NOKIA or Yahoo, once it was great but it will fall imo.

[Anonymous No.23609962]

>>23604423
infinite inflation

[Anonymous No.23610150]

>>23604391
Wait for ETH 2.0 faggot.

[Anonymous No.23610516]

>>23604391
Because their chain isn't exactly scalable...I am honestly just waiting for Radix release at this point, they have just ended their token sale and have raised over $12.5M and will definitely overtake eth once they fully launch

[Anonymous No.23610648]

>>23610516
thanks for shilling ethkiller#19273621, just went all in

[Anonymous No.23610839]

>>23604391
Buy when it doesn't make sense.
Sell when it doesn't make sense.
It's that easy.