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/biz/ - Business & Finance

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29912536 No.29912536 [Reply] [Original]

Morale Thread? Morale Thread.

>BTC >2x previous ath during last bullrun
>Last bullrun experienced 7, 25%-30% during that cycle
>Corporations buying the dip every chance they get
>Arab billionaire buying 4 billion worth this coming week
>Citi, gugenheim, ARK Invest all calling for 400k+ price
>Apple thinking about getting involved
>stimulus pump coming
>ETH 2.0 on the way
>Coinbase getting ready to offer eth staking
>LINK Arbitrum on the way
>LINK staking on the way
>stimulus on the way which will both encourage doomers and normies to buy

Dont fret, its all going to happen. Dont get shaken out, we are in the same spot that we were in March 2016.

>> No.29912746

>>29912536
bump for hopium

>> No.29912788

>>29912536
also ETH 2.0 is "coming" but it seems like all the scaling they want to do is rollups, so shards went from 1028 to like 64 now which kind of sucks

>> No.29912858

>>29912536
It’s over. Smart money is moving to Cardano/ADA.

>> No.29913044

I dont even care. Corrections are natural part of growth. Some are couple of years long, some only a day.

>> No.29913082

>inb4 seething about eth2 mention
jesus get over it

>> No.29913142

>>29912788
Sauce? I don't think this is true.

>> No.29913273

>>29913044
this... Christ biz is literally full adult children.. it’s a fucking correction in the market.. this is the time to buy. Not sell. Do not sell. You fucking buy. It may drop a bit and that is why you DCA. No wait until next week when BTC is back at 55k and you’ll feel safe buying right?

>> No.29913287

>>29913142
found it, looks like there is compensation in size increase
>Shard count is reduced from 1024 to 64. Shard block size is increased from (16 target, 64 cap) to (128 target, 512 cap) kB.
https://notes.ethereum.org/@vbuterin/HkiULaluS

>> No.29913302

>>29912858
The truth is harsh. Retards should have known this was inevitable. It's faster, cheaper, safer, and ultimately easier to build on not to mention countless other advantages. Why would anyone bother with ETH or Polk?

>> No.29913446

I am on Kucoin right now about to market sell 100,000 REQ and buy back in late tomorrow or maybe wait even longer. Talk me out if it fren

>> No.29913507

>>29912536
>stimulus on the way which will both encourage doomers and normies to buy

Stimulus has been priced in for weeks. This particular stimulus may be the last, and is also intended to line up with wagies having maxed out their unemployment benefits after 1 year (everyone losing jobs from corona in March) . There is still mass unemployment.

The crazy printing so far has obviously led to some inflation (just look at the dxy) and bankers aren’t retarded, and aren’t willing to give up control of wrc that easily. What traders are probably going to start pricing in is rising interest rates and free gibs running out.

With everyone unemployed the recipe to avert crisis was:
>make borrowing cheap to increase velocity (cheap money to pay off loans, mortgage, expenses etc)
>give free money to increase velocity (literal “stimulus” stimulating the economy (velocity))

To avert inflationary consequences:
>at the tipping point of dollar supremacy being questioned, begin cutting back on these measures (cut gibs, people need to pay their expenses, mortgage, loans etc. in USD. Raise rates, more expensive to borrow to cover these expenses. Everyone runs to dollars to cover their debts and expenses (decreasing velocity))

And voila, inflation crisis averted and bankers still in power. This is more or less the milkshake meme you’ll hear sois talking about.

>> No.29913718
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29913718

>>29913302
Polkadot is going to pick up the torch from Ethereum where any douchebag can make crazy food themed shit.

Meanwhile whole sovereign nations will be building new financial infrastructures on Cardano.

Prepare accordingly.

>> No.29913914

>>29913718
>>29913302
Shill me, i want the next ETH, I dont wanna buy rope anons

>> No.29913987

>>29913287
yeah sorry i'm just going from memory and wouldn't have source on hand
though i do wonder how well eth is going to compete with its L2 scaling VS ada's L1 performance

>> No.29914120
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29914120

>>29912536
i needed this thread fren, thanks

>> No.29914392

>>29913987
I read the post and the consolidation makes total sense considering the rollup scaling direction, no need for non-linked blocks in that context. As for ada-l1-2 and shit you'll have to dyor, I'm over discussing it with people who are just protecting their investment in L1-focused chains.

>> No.29914511

>>29913718
>Nations
Ethiopia, not exactly a model of financial infrastructure. Also the major banks in the west already use Axoni or LIINK. Since they are proprietary ETH chains, they will likely continue to use ETH for public transactions.

>> No.29914643

>>29913302
idk assuming eth 2.0 gets its shit together maybe all the good defi projects just continue to build on eth.

>> No.29914909

>>29914392
Whats a good place to dyor, Ive tried looking and all the cardano stuff I come across is either people talking about stuff outside of their technical competence or verbose technical papers that I would rather not spend my time parsing, with little in between.

>> No.29915159

>>29913302
Cardano has accomplished literally nothing yet. I'm all for ETH alternatives but acting like third highest market cap on a blockchain with literally zero dapps is early or justified is retarded

>> No.29915275

>>29912536
It's all so tiresome

>> No.29915789

>>29912536
>>stimulus on the way which will both encourage doomers and normies to buy
Nothing personal kid, but after comparing the prices and seeing one of Charles's videos, they'll buy Cardano instead.

>> No.29916027

>>29912788
Sharding will achieve jack shit once there's another crypto kittie type of event and the majority of the traffic is on the same shard.

>> No.29916036

Wait...400k sth? Fucking when? I'm holding eth long term so big of true and I'm gonna increase my contributions of that's a realistic goal.

>> No.29916150

>>29914909
I reading about ADA idk but I know they do a lot of videos that have been well received. For ethereum, ethhub, vitalik.ca, optimism.io, too many to list.
ADA does pooling, doesn't slash, has a fatter protocol (built in tokens and state channels, focuses on the L1 VM utility over second layer VMs), on chain governance, and development tax on the block rewards. Those are the main ADA characteristics imo.

>> No.29916225

eth is dead dude i sold all my eth (50) for ADA this morning and so far i'm up 3%. feels good dumping on you cunts after so much fud and so much misery. im FINALLY out and in the green. fuck you all and guess what? it. can't. scale. seethe harder faggots hahahaha

>> No.29916233

>>29916036
Yes multiple established investors and mega corps are calling for 400k btc.

>> No.29916343

>>29916233
When though? I heard btc 100k eoy per the stock flow model, but 400k? That's insane.

>> No.29916388

>>29916233
>400k btc
i thought this was an eth thread? lmao retard i bet you dont mention eth price because you know it has INFINITE SUPPLY and therefore it's GOING TO ZERO.

>> No.29916432
File: 211 KB, 750x357, hopium.png [View same] [iqdb] [saucenao] [google]
29916432

>> No.29916460

>>29912536
bought the 'dip' today, how fucked am I?

>> No.29916507

>>29912536
>gugenheim
Are these yarmulke niggers still just copper magnates or whats the deal?
>t. early 20th century time traveler

>> No.29916890

>>29916225
lol nice larp faggot

>> No.29917891

just bought ETH. comfy hold.