it doesnt make any sense
Why isnt eth $1000
Camden Price
Kayden Foster
maxis don’t want to cash out until 20 again
Daniel Torres
really no idea, its getting used more than in 2017, yet its not worth more
Nathan Diaz
when people of lower IQ realise this it will reach way beyond 1000. This is our time to accumulate
Jose Rodriguez
At its peak it was worth 0.14 btc
Now its worth like 0.03 btc
Camden Thompson
Wait for papa BTC to reach avout 40k before paasing the baton
Jayden Sullivan
Really wish it would drop back to $200 before the golden bull run. I feel like a cuck paying $400 for one
Hunter Barnes
>used BTC as collateral to short ETH
>BTC is lock less supply on market
>BTC go up
>short ETH again
WBTC is ruining ETH itself.
Nathaniel Davis
Ill explain it to you because im feeling generous today.
The reason eth will never make a proper run is 1. there is no way to verify supply of it, literally, look it up. It fails on the most basic level.
2. following 1st point ETH doesnt have use for holding it, there is nothing to be gained by having it in your wallet and sitting in it when you know it will get endlessly inflated
3. Heavy usage of ETH is actually bad for the network because miners/validators in the future sell their ETH because its not worth sitting on. So the more fees there is the more is sold on the market.
Now for the only saving grace for ether, it wont ever be eclipsed by some new and shiny smart contract protocol, it has at least won that battle.
TLDR if you want to make money stack btc as much as you can until the end of time
Henry Powell
What is ethereum used for anyways?
Storing things on the blockchain is the way to cuck consumers out of server costs.
Every time you use the ethereum network YOU pay for it.
Anthony Collins
Let me show you something retard:
June 2017
> ETH circulating supply 92,128,982 price $2,200
> BTC circulating supply 16,366,112 price $2400
October 2020
> ETH circulating supply 113,209,111 price $390
> BTC circulating supply 18,529,256 price $13,500
That is not counting the 12,000,000 the ETH developers were rewarded and keep dumping for development and lifestyle expenses. Plus, ETH2 staking will create emission/inflation on both POW and POS chains. This is why $300 range is ETH's real value.
Adam Scott
>$2,200
$220
coinmarketcap.com
Mason Allen
Am I seeing this correct? Maxis dont understand deflation?
ETH 2.0 will be a better SoV because stakers will be in a deflationary environment while nonstakers and bitcoiners will be in a slightly inflationary environment.
Inflation and deflation matters. You should know that by now.
Nicholas Murphy
DeFi has drastically reduced the opp. cost of being a bear
Bears can park their stablecoins in some yield farming app and earn fees + tokens that will appreciate in a bull market
Stablecoins can also be cheaply and quickly converted to Bitcoin/Ethereum
In contrast, in 2017 bears weren't able to earn money with their idle funds unless they put it into PMs/stocks, which have high fees associated with transferring to/from liquid cash
This means bears are much less likely to feel pressured to FOMO into BTC/ETH, which reduces the price
Christian Long
how?
Austin Allen
first of all 2.0 will never work in the way that you envision it, but yes in fantasy land if it could get to that stage it would be a better version of current eth.
Gavin Brooks
it will be soon
Colton Gonzalez
Mason Stewart
If 2.0 ships to Phase 2, then its done and it will be a better SoV by purely inflation theory. The only gamble here is if it does come or not.
Ryan Cooper
>ethereum
>not aggressively deflationary after EIP 1559
Confirmed retard, at least make an effort to skim through crypto news every other year. Ethereum is about to turn aggressively deflationary in about 3 months after EIP is implemented (eth v1.0)
David Hughes
So when ethereum 2.0 comes out what will happen to the current ethereum?
Will it turn into like ethereum classic or will the hard fork it?
Jaxson Johnson
EIP 1559 will fail and fail hard, you better hope they dont push it through
Ethan Adams
I am not even talking about EIP-1559. I am talking about just Proof of Stake.
Kevin Bell
ETH 2.0 will DOUBLE inflation. It's really noticeable that especially ETH investors have no clue what they invest in. Majority still thinks phase 0 will improve scaling, lol. A scaleable ETH chain is years away, think 2025+. Have fun with doubled inflation to infinity.
Julian Watson
I did say that eth 2.0 they currently envision with PoS would be a better version of current eth, but like I said there is no indication that it could ever work
Cooper Phillips
>tfw not sure if I should buy btc or cash out
Dominic Gutierrez
Carter Rivera
the problem here is that you look at eth as what it might one day possibly be, when in reality you have a finished product that works flawlessly in btc, with unlimited upside. Why not just make a safe bet with maybe small % in eth for gamble if you really wish
Adam Sanchez
Because BTC is stealing the show, but I am more into new Project like $DGCL right now. Get in until its tool late bro.
Adrian Young
It would be a better SoV than Bitcoin even.
Literally 90% of crypto devs are in the Ethereum ecosystem. There is definitely indication that it might work.
Dylan Diaz
>literally Stanford cryptography PhDs working on it
>literally the most straughtforward burn(10) change to codebase
>3 clients already implemented draft PRs
>some 32 year old boomer on Zig Forums who has 10k in shitcoins thinks it’s going to fail
People like never cease to amaze me. You are going to be left in the dust in Q1 2021, btc will bleed up to 20% dominance to eth, but you deserve this for your lazy thinking
Nathan Johnson
you are wrong though, on both of those, BTC has way more devs, they just dont jerk each other off at some conferences and make their twitter names end in .btc.
Now if you consider the whole eth ecosystem as eth devs, aka shitcoin devs then u would be correct but i mean is that even worth mentioning
Evan Stewart
Btc price is trapped by the mempool. Price has correlated strongly with tx/day metric since the beginning. That is why every time it tries to go over $12k it meets a clogged mempool. Strech the rubber a bit and you'll get to $20k again, but you'll also be meet ever higher fees and will get forced back ever stronger.
As for speculation. Yes, its a risk/reward gamble that ETH 2.0 gets working someday. Investing is about looking ahead.
Jose Sullivan
>deflationary after EIP 1559
Vitalik estimated it would take a century for ETH supply to hit 100 Million:
> approx ETH supply 95,912,556 time 2018-11-03
> approx ETH supply 98,562,556 time 2025-10-02
> approx ETH supply 101,212,556 time 2128-03-20
> reddit.com
ETH supply is currently 113,209,111. This is how much you can trust ETH monetary policy. Imagine being retarded enough to believe ETH will suddenly turn deflationary when you have to incentivize both POW miners and POS validators by printing out more ETH. brrrrrrrrrrrrrrrrrrrp
Austin Perry
Yeah, sorry, it looks like you are a drooling idiot, no point in arguing with you. Hint: btc can’t run any shit because it doesn’t have smart contracts (and never will)
ahahahahahahahahhahahahaha
Pic related. Just surrender your shitcoins, buy eth until it’s too late
Ayden Sanchez
exactly why EIP1559 would be the death of eth, but they just cant think
Grayson Harris
I wish you the best of luck genuinely, hopefully it works out for both btc and eth
Camden Stewart
He pulled that number out of his arse because he never thought eth would rocket as hard as it did.
EIP-1559 has been simulated at different levels of volume, see pic to my previous post. You can literally go to ethresear.ch or 1559 discussion and verify proposal yourself. It’s not a loose monetary policy, it’s already a draft PR and it’s easy to calculate: BLOCKREWARD - EIP1559FEEPERTX. Literally all there is to it.