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25459437 No.25459437 [Reply] [Original]

And just like that, I am eternally priced out of ever owning a node.

>> No.25459752
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25459752

>>25459437
I have enough to run an eth node, but I won't. The problem is, at least how things currently are, it's not worth it to stake your eth. Think about it. Even after things are 100% operational, how long does your stake get locked away for? Isn't it like 2 fucking years? So let's say I decide to stake. During that time, I have to keep my node running the whole time, and downtime means I'm penalized, or at the very least not making money. And what's the APY on that? I know it's a sliding scale, so let's say somewhere between 5-15%.

Okay, but we're in a bull market. Most people think it's going to crash in late 2021, but there's wiggle room there. Either way, almost everyone is certain that 2 years from now, we're going to be back in another bear market like with 2018. So if you stake your eth, you won't be able to take advantage of the bull run. And your eth will be worth significantly less by the time it gets unlocked and you can actually sell. And there's absolutely NO WAY the staking rewards can compete with the capital gains from taking advantage of a parabolic bull run.

Now, if that weren't reason enough on its own why staking isn't worth it during a bull run, there's also the fact that DeFi exists. You can already lend out your eth via DeFi and get pretty good APY, without needing to lock it up for a massive length of time. Meaning you can get interest on it and still sell during the bull run.

>> No.25460044

>>25459752
I think staking is mainly just if you never plan on selling.

I mean really if you think about it why would you ever want to sell something as valuable as ETH for something as useless as USD unless you need the money immediately. Yeah you can try swinging but I've been there and been burned enough times that I don't plan on trying to swing my ETH. The downside is them not delivering and it going to zero but you gotta have a sense that if any of these projects deliver ETH should be in the best position to do it.

>> No.25460347

>>25460044
Perhaps, but that's just foolish. The value of ETH is pretty much guaranteed to be lower in 2 years than what it's going to be sometime in the next 12 months during the parabolic peak of the current bull run.

>I mean really if you think about it why would you ever want to sell something as valuable as ETH for something as useless as USD
Long term that's true, but short term if you know there's going to be a bubble, you can take advantage of it and use that to increase your stack size significantly.

Let's say ETH peaks at 10,000 in 12 months. Then it tanks afterwards to 1,000 and crabs there. If you just HODL through the blow-off top, that's fine, but if you sold and bought back in during the following bear market, you could 10x your stack size. Far superior to a measly couple percentage points on a staking APY.

I don't hold any crypto where I don't believe in the long term success of the project. But I'll still be selling every single thing when I think the bull market is over, and then rebuy in later on when I think the bear market bottoms out (approximately a year after the bull run peaks, based on previous data)

>> No.25460737

>>25460347
>The value of ETH is pretty much guaranteed to be lower in 2 years
> Let's say ETH peaks at 10,000 in 12 months. Then it tanks afterwards to 1,000 and crabs there
Priced out cope

>> No.25461006

>>25460737
Lower than the blow-off top of the current bull market cycle? Yeah, of course. Just like how last cycle, ETH surged to 1400 and then dumped and settled around 100-200 for most of the bear market.

If you know there's going to be a peak at the end of the 2021 bull market, why would you not try to sell near the top and buy back in during the 2022-2024 bear market? First time hearing about the 4 year cycle?

>> No.25461047

>>25459437
lol just do 10x with 10k

>> No.25461106

>>25460347
>The value of ETH is pretty much guaranteed to be lower in 2 years
lower during the switch to full proof of stake? no.

>> No.25461202

>>25461106
you think 2.0 is going to somehow override the effect of a bull market blow off top crashing into a bear market? topkek

I'm super bullish on ETH but that doesn't meant here won't be a market-wide crash in late 2021 or early 2022. You can either take advantage of this or you can just hold. Your choice.

>> No.25461280
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25461280

>>25459752
>lol just buy the bottom and sell the top, EZ

>> No.25461307

>>25461202
not only you have to time the top but you have to time when to buy, it's a hard game to play
>sell at 2k, feel like genius
>it dumps to 1k
>wait
>it dumps to 500
>"I'm buying at 400"
>it pumps to 800
>"a dead cat bounce"
>it pumps to 2500

>> No.25461407
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25461407

>>25461280
>>25461307

obviously you don't know when the exact bottom or top is going to be, but crypto is fairly consistent on the macro scale. 1 year bull market, 3 years bear market. I'm not talking about doing autistic TAfag bullshit daytrading and trying to time peaks and troughs. I'm talking on the scale of months and years here, and I have a GENERAL, not exact, idea of when they will happen.