/biz/ - Business & Finance

[Anonymous No.25025304]

You would've made a lot of money if you just listened

2017 is not coming back kiddo's. There will NEVER be another altseason.

[Anonymous No.25025469]

>>25025304
>>25025304
This is partially correct. There won't be an altseason exactly like we saw in 2017 - it's a little different this time around... We're looking at a potential "ETH"-season where many ERC-20 based tokens will plummet against ETH as it rises.

[Anonymous No.25025506]

>>25025304
>There will NEVER be another altseason
this but unironically

[Anonymous No.25025573]

>he posts this thread daily
seethe

[Anonymous No.25025620]

>>25025304
if true, or not, doesnt really matter. Fundamentals matter and is unironically present inside EPICenter. highly recommend you guys check it out

[Anonymous No.25025634]

>>25025469
why?

[Anonymous No.25025640]

>>25025573
this. lol - seethe OP i 5x'd my btc on grt.

[Anonymous No.25025651]

>>25025469
what makes u say this??

[Anonymous No.25025680]

>>25025304
An altcoin just flew over my house.

[Anonymous No.25025740]

>>25025634
>>25025651
just look at what happens to value of alts in sats when BTC pumps. They might increase in fiat value temporarily, but they dump in sats.
When ETH goes on a meteoric run, any token with an ETH pairing is going to be dropping in "vits" or whatever

[Anonymous No.25025783]

>>25025740
why would the BTC/ETH decoupling trend follow with ETH and most other ERC-20 tokens? Why would ETH go on a meteoric run at all?

[Anonymous No.25025945]

>>25025783
check out this chart of ETH priced in sats.
Look at how it started a massive decoupling from price of BTC right when ETH2.0 was released.
Its literally over for this POS PoS

[Anonymous No.25026018]

>>25025945
yeah, I know they're currently decoupled, that's why I'm asking why this anon thinks ETH will enter a bull run. I'm 50/50 ETH/BTC so it's in my interest.

>>25025740
come on spit it out, why will ETH go on a big run?

[Anonymous No.25026360]

>>25026018
Supply shock cause of deposit contract and ETH locked in defi

[Anonymous No.25026390]

>>25025304
So....what do?

[Anonymous No.25026500]

>>25025304
But altcoins like Link have already done a massive pump this year so you're wrong?

[Anonymous No.25026518]

>>25026500
200iq on this guy right here. not... but checked at least

[Anonymous No.25026560]

>>25025304
It's called the bitcoin black hole. How many times must something like this occur for your faggots to realize that altcoins are just a way to steal your BTC?

[Anonymous No.25026580]

>>25026560
only eth matters.
few understand

[Anonymous No.25026652]

>>25025945
>>25026018
Yes, one may look at this chart and the current trend of ETH in satoshi value infer that decoupling occurred. But that's also being a bit dense... Look at the same chart for literally anything that's not BTC around this same time... Of course shit drops in sats immediately after the king wakes from slumber. We're talking about altseason in this thread, which occurs once BTC "levels out" in theory.
As for why, there are several reasons... maybe you haven't been paying attention to recent development.

[Anonymous No.25026801]

>>25025304
do the opposite of biz. alt season incoming.

[Anonymous No.25026857]

>>25025945
not smart, the problem with that chart is the scale. A 2x move from 300 takes almost half of the entire chart, but 2x move from 150 is about 1/5

[Anonymous No.25026884]

>>25026801

[Anonymous No.25026936]

>>25025945
staking launched on December 1st you retard

[Anonymous No.25027049]

>>25026652
>As for why, there are several reasons... maybe you haven't been paying attention to recent development.
well there's rumours of EIP 1559, but nothing concrete. infact, most mining companies are rejecting it and forever stalling it passing. it doesnt seem promising to me. does it to you? or was there other news i've missed

[Anonymous No.25027068]

>>25025304
not true, buy ravencoin if you want to ever be rich

[Anonymous No.25027098]

>>25026936
>launched vs announced
it failed. admit it poorfag

[Anonymous No.25027171]

>>25027098
uhh, it could have failed if enough people didn't stake their ETH, but they did, so it didn't fail... are you feeling ok anon? a little unsteady?

[Anonymous No.25027220]

>>25027098
how has it failed? also ETH has made 2x the gains this year over BTC. wtf are you even talking about

[Anonymous No.25027270]

>>25027171
>earning
>5.5% on a highly risky (probably illegal) investment
>versus earning 5% on a tax-free municipal bond to the state of texas
this is why eth-pajeets are so poor.

[Anonymous No.25027343]

>>25027049
EIP 1559 and staking aside, ETH is the most heavily used and developed chain with the first mover advantage over many potential competing platforms. That is what is promising to me. I don't hang all my hopes on a single PR. I have boundless confidence in this community and implications of defi in the future as a whole.
I think the sudden surge of interest in DeFI we saw back in the summer is a tiny precursor for what's coming here.

[Anonymous No.25027448]

>>25027343

Check out XTRABYTES it is unique and will change the way everyone uses data

[Anonymous No.25027564]

>>25025945
>>25027448
>XTRABYTES
if you wanna see a chart that shows decoupling from BTC. Look at this one lmfao

[Anonymous No.25027596]

>>25027343
ah okay so you're bullish primarily over the nascent nature of DeFi and that it could explode ETHs value many times over what we've seen previously sometime in the future? you may be right anon, and i hope you are. i just really want the burn feature to be announced sometime soon. praying EIP 1559 becomes real and not just a rejected proposal. that would change everything price wise for ETH. also /biz/ isn't talking about ETH at all which makes me think they are sleeping on it and makes me feel very bullish

[Anonymous No.25028305]

You don't need alt season to make it, if you find a good project with long term value. Something that isn't a competitor, but gives solutions with blockchain. For example enterprise solution (LTO nework).

[Anonymous No.25028337]

NINONONONONONONO I NEED IT I NEEEED IT

[Anonymous No.25028438]

Retard - we've already had 2 smaller alt seasons this year. The next one is just around the corner. BTC grows then alts do. Simples.

[Anonymous No.25028650]

>>25027049
>infact, most mining companies are rejecting it and forever stalling it passing
this has absolutely nothing to do with reality.
Eip1559 isn't ready yet, that's it.
It's probably going to happen in Q3 2021

[Anonymous No.25028699]

>>25027596
>praying EIP 1559 becomes real and not just a rejected proposal
don't worry the fee burn is 100% happening.
Eth is going to be deflationary after full PoS

[Anonymous No.25028863]

>>25028699
>Eth is going to be deflationary after full PoS
making desperate radical changes to existing software platforms is usually a sign of disaster.
there will be so many unintended consequences here that the turbulence will take years to shake out.
I am a maxi, but simultaneously i always believed that eth would remain dominant "development platform". in the coming year(s) eth competitors stand their biggest chance to upend this and claim the title for themselves. I half think EIP1559 is being shilled by competitors.

[Anonymous No.25028955]

>>25028863
there's nothing 'desperate' it's a solution to fee volatility issue. Rather than direct auctioned fees, the block size is dynamic (can go up 2x per block) and base fee increases with it. Once people can't pay the fee, block size decreases. In the long run this means that base fee is the market clearing fee, and rather than look up gwei people just agree to pay base fee up to x (which can reasonably abstracted away by wallets).

If fee wasn't burned, miners could manipulate fees by paying themselves. That's why fees are going to be burned. Deflation is a side effect.

[Anonymous No.25028987]

>>25028863
see this academic analysis of eip1559
http://timroughgarden.org/papers/eip1559.pdf
>Author’s permanent position: Professor of Computer Science, Columbia University, 500 West 120th Street, NewYork, NY 10027. Email:[e-mail].
>Disclosure: I have no financial interests in Ethereum, either long or short

[Anonymous No.25029013]

>>25025680
Holy shit are you in the Houston area? I think i saw it to!
Also dubs and alt season starts tonight.

[Anonymous No.25029103]

>>25026560
Correct, I stole a shit ton of BTC this year in alts, more money I’ve seen in my whole life than if I’d just bought Btc alone. Thank you alts.