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/biz/ - Business & Finance

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29056290 No.29056290 [Reply] [Original]


>> No.29056449

it's crabbing idiot

>> No.29056492
File: 88 KB, 1280x720, 1609572134626.jpg [View same] [iqdb] [saucenao] [google]


>> No.29056564

People still use eth?

get fucked ethkike

>> No.29056628

is it really, squidward?

>> No.29056637

going to 3k within 2 weeks so based

>> No.29056762
File: 5 KB, 165x250, 1613612443021.jpg [View same] [iqdb] [saucenao] [google]

i apologize

>> No.29056927

Hehe yeah man. I made that gif

>> No.29056975

can't fuckin wait for gas to go up even more

>> No.29057080

ETH is going to be over $5k before the Berlin hard fork. It is unironically going to $10k+ this year.

>> No.29057119


>> No.29057143

this is why I'm never terribly excited when ETH goes up
it's like "nice, I have more money so I can spend more money"

>> No.29057156
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please i literally cant handle these emotions

>> No.29057193
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>> No.29057209
File: 167 KB, 710x901, Gavin Wood.jpg [View same] [iqdb] [saucenao] [google]

ETH chads, I kneel

>> No.29057338

Thread theme

>> No.29057505

I'm just a newfag so maybe I'm wrong, but I always thought gas prices were determined by network usage and had nothing to do with the price of ETH. So it's expensive now because shitloads of people are using the network, but rising/falling ETH prices won't change that. Is that wrong?

>> No.29057850

yeah I'm a dumb, I couldn't tell ya

>> No.29058337

More volume will drive the price up, so you are both right

>> No.29058745

No no no, don't pull that one. I want a straight answer. Are gas fees determined solely by usage (volume), or by volume in combination with ETH price? I guess what I'm asking is, are the miners' asking prices set according to dollar price, or gwei price? I'm guessing in practice it's actually the former, since if ETH is higher in value a miner may be satisfied with a smaller ETH share since he's still making good money in $.

>> No.29058858

You are correct.

>> No.29059127

Good. I'm going to proceed to abuse anyone I see complaining about ETH prices driving gas fees up.

>> No.29059570

Yeah, it's the opposite, actually. Demand makes miners raise transaction fees, which increases the demand for ETH to pay said higher fees, which then raises the market price of ETH.

>> No.29059866

*unzips dick*

>> No.29059909

Well this is exactly what seemed intuitively to make sense to me, but I keep seeing so many people saying "hurr durr ETH expensive so gas expensive" that I started to doubt myself. Guess I shouldn't be overestimating the average intelligence of /biz/.

>> No.29060005

When is that?

>> No.29060082

I was about to long this shit early yesterday :(

>> No.29060115

Bear in mind, a lot of that type of posting is intentionally disingenuous FUD by people trying to shill their "eth-killers" that have low transaction fees (and basically nothing else to boast about).

>> No.29060193
File: 208 KB, 1200x1200, ETH_EYE.png [View same] [iqdb] [saucenao] [google]

checked and etheye-pilled

>> No.29060312
File: 64 KB, 510x230, Screen Shot 2021-02-18 at 11.13.30 AM.png [View same] [iqdb] [saucenao] [google]

It's all moot to me since I'm staking but hot damn it's fun watching charts go up.

>> No.29060466


You are incorrect.

>> No.29060544

I sold at $1100 after holding since almost two digits :( I was scared

>> No.29060643

You're one of these guys >>29060115, huh? What is it, ADA? BSC?