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28097734 No.28097734 [Reply] [Original]

Guys wtf is this ETH run

>> No.28098220
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28098220

>new all time high at 1,764
>immediately dump

>> No.28098361

>>28097734
is it too late to buy more ETH?

>> No.28098404
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28098404

>immediately recover
>hit new ATH

>> No.28098878
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28098878

>>28097734
>Sold all my ETH for DOT

>> No.28099308

>>28097734
Miners are very slowly shutting because of the impending doom of a switch to PoS
ETH is doing far more transactions as Businesses get into DeFi racing gas prices
Raised Gas Prices mean having to buy more ETH

Its a vicious cycle, sort of like a short squeeze but it can only go up!

Until of course the PoS switch, then ETH goes way down.

>> No.28099508

>>28099308
>It's a virtuous cycle.
ftfy

>> No.28099608

Does eth ever do anything that isn't make me money?

>> No.28099660

>>28099308
So yes it's going to absolutely explode soon and that means the drop afterwards will be crushing.

>> No.28099812

Is anyone big planning to do anything with Ethereum? I bought it a few days ago. First meme coin. I'm actually gaining something from it right now but when is it going to crash?

>> No.28099892
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28099892

>>28099812
is this a joke post or are you serious

>> No.28099919

>>28099812
2500 by valentine's day

>> No.28100024

>>28099660
Drop can only happen if PoS is implemented or gas becomes too high for regular transactions.

I'd be sweating on the ETH team if I had a time-table to "go live" with PoS, it could do irrevocable damage to ETH economics

>> No.28100114
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28100114

>>28099892
Of course I'm fucking serious you fucking frog poster

>> No.28100415

>>28100024
Yes, you are correct. It could be an absolute nightmare.

>> No.28100483

>>28100024
Why would staking make the price go down?

>> No.28100552

MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM

>> No.28100656

>>28100114
alright. Basically everything in crypto runs on etherium network. It's not a meme coin, it's the main coin running all the infrastructure.

>> No.28100658

>>28097734
I invested in crypto for the first time this week and it was ETH :)

>> No.28100769

>>28100114
ETH has unlimited supply, but Miners keep the price up because there can never be enough hashrate for them and thus they'll only sell at a worthy price for what they put in

Once PoS takes over, I can just stake and sit on wallet generating new ETH
ETH which has an unlimited supply, so there isn't much real work in making a high valued price

Thus ETH on PoS has to go down below what it is now. And the market will react immediately when this is figured out.

Of course ETH to PoS might take another year and ETH could get to $10k by then.

>> No.28101148

>>28100769
Brainlet take, ETH doesn't have an unlimited supply. It has a flexible supply. EIP-1559, even if not implemented on the main chain prior to transition to POS, is already implemented as part of ETH 2.0 and includes a token fee burn that can actually result in ETH supply becoming DEFLATIONARY.

>> No.28101228

ITS DUMPING AAAHHHHHHHH

>> No.28101243

>>28098220
bought in <$100
don't fucking care about 1.54% drop from the ath

>> No.28101319

>>28100483
Unlimited ETH supply coupled with no real work in generating new ETH on PoS

Miners limit the supply of ETH by only mining en masse when its profitable to do so. That is why the ETH price is going up because Miners can't keep up with demand, causing scarcity.

A switch to PoS and no PoW, everyone with 20 ETH stakes and forgets. Scarcity could only be caused by staking not paying well then. If that was the case then it'd just degrade the effectiveness of the network and cause less use and price drop of ETH as more and more is being created by staking.

>> No.28101489

>>28099812
the prophets are calling for it to flirt with 5 figures
that said i stopped using eth bc the gas prices are extortionate
muny skelly needs to sprout a dick & crack down on the miners

>> No.28101927

>>28101319
ETH's trying to be deflationary, gas burns and shiet

>> No.28102501

>>28101927
Gas burns but higher gas prices delay transactions or prevent people from even making them.

Even rich ETH users can have their gains destroyed if they want to make many transactions.

Less transactions means more ETH generated instead of used, thus more ETH that only makes sense to be sold. Such selling lowers ETH price.

Only Miner scarcity versus Network usage has been driving the price ETH up along with Gas. If Miners are removed from equation its free-fall.

>> No.28103622

>>28102501
POS supossedly fixes gas beacuse it Will be stable, instead of now that miners chose the greatest costing transaction. It is the fix.