Warning you faggots right now...

Warning you faggots right now, if ETH stays above $488 until the end of this week its going straight to $800 and then straight to $1400.

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I don't care. ETH is going to zero because of PoS

Not if XRP becomes the standard, which it will. POS is safe, POW on the other hand will fall.

What's so bad about PoS?

XRP isn't even PoS it's just a set list of validators.

there is no need for ta right now, the only question is where the top is

Unlikely
It's going up, almost 50% of the way there towards started the eth2 chain.
Anyone who hasn't got a massive stack is a retard

I can't tell if people actually fall for shitty fud like this

Yes but will it become "the standard?"

Wouldn't count on it. The narrative isn't we are going to see previous ATH's for all of cryptocurrencies.

The narrative is that Bitcoin is being heralded and accepted as the future store of value. Capitulations come in every day and these massive inflationary events feed it more and more.

The other crypto's will see a definite benefit due to the rising tide, but it shouldn't reach previous ATH anytime soon. The landscape has changed much since 2017 and people have wised up. I have a small bag of ETH and have hopes for it long term, but whereas Bitcoin has a clear selling point that everyone can understand, ETH is still being held back by the massive amount of unprofitable and niche projects that live on it.

Huh? BTC is still trying to reach it’s old ath.

I bought my stack at 89 dollars, and basically you are all a bunch of newfags.

It was something like 6% away from previous ATH a few days ago (depends on the exchange), I'd say it's basically done it. So the weak hands that were waiting for this have been given their opportunity to sell again; don't think it's going to happen. I think it's going to crab for a while until there's another breakout.

the main argument against "proof of stake" is that it is a closed system. you can only buy stake. so you have to take part of other systems to get stake.

take Iran for example. The U.S.A who runs the current financial system has cast them out and destroyed the value of their currency.

Iran is now mining bitcoin. they have electricity and they have equipment to mine ( the can deliver WORK) so they can basically UNLOCK currency.

if they wanted to unlock currency in a Proof of stake system that would be impossible for iran to join or they would pay way bigger prices than they now do.

Proof of stake = the rich get richer banking 2.0 closed system.

proof of work = everyone can join open system just deliver the work and you can aquire currency. this is much more fair.

Btc will literally run on Eth. That's what wbtc is. Btc will slowly die in coming years.

No, because Bitcoin is being groomed to become the future de facto store of value, the metrics are hard to deny (Millenial wealth transfer/gold ETF's moving to Grayscale).

That means that Bitcoin will be primarily used on its own chain. Institutions aren't going to move to intermediaries so they can get interest payments. Especially when overtaking gold will accomplish a 30x. At that point you're missing the forest for the trees.

The vast majority of the 150,000 BTC on ETH (which I think will grow), is from retail. Young people, primarily people that are looking to get rich, not preserve wealth.

wait until BTC stagnates
people are going to want yield on that baby

lol you wish it would go under 500 lmao.

people won't even let it drop to 510, everyone is fucking buying the dip

yep

Agreed, but I think Bitcoin will "stagnate" in 10 years when it's high 6 or 7 figures. That's when DeFi really comes into its own with lending and borrowing.

Now is the accumulation phase as it overtakes gold. As more institutions and high net worth individuals come in, they will use the Bitcoin blockchain, obviously they're not going to use BlockFi or a DeFi product that's going to net them a variable interest rate. If people want to lend their Bitcoin out, I wish them the best of luck, they're in the advent of this technology and they're the pioneers. Every day it gets better.

Because there's never been an asset more pristine than Bitcoin it will be the ultimate asset to borrow against. Meaning you never fucking sell it and you never pay tax on it, ever. If you need money you just borrow against it. That's how the rich never pay taxes anyway.

when $1488?

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This is why ETH is more like digital
Oil than guess. It will always be gated and not what BTC is which is actually fine. Still bullish for ETH to be the digital oil that powers the ecosystem

Youre retarded

Based and yes you’re right.

Never sell guys

What is retarded about using BTC on ethereum network for collateral/high interest payments?

>roof of stake = the rich get richer banking 2.0 closed system.
>he unironically uses that as an argument why eth is going to zero
lmao

>everyone can join open system just deliver the work and you can aquire currency.
One poorfag with a gtx 2080 versus a warehouse chock full of chinese miners... sounds fair.

IMO there's no escaping "the rich get richer", so might as well not wreck the planet to get coins.
And the "not wrecking the planet" idea is valued at an ATH now.

>proof of work = everyone can join open system just deliver the work and you can aquire currency. this is much more fair.
>blocks your path

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To provide work your need ASICs which are currently 99% controlled by China. In PoS you can still buy stake. It would be very difficult for the US to block an anonymous individual from purchasing stake from a DEX especially if zk-SNARKs is involved.

Eth is going to dominate exactly because it's an exclusive share in the future financial system. It's going to allow an elite of stakers to extract economic rent for decades if not centuries.
That's why eth is being silently accumulated by smart money. Even at 'low' prices it costs billions to mine it per year. Who do you think financed all that?
Ethereum is not promoted at all outside of few enthusiasts online, bitcoin is promoted on tv.
Bitcoin is being promoted to weed out dumb money. Digital gold! Buy btc goy, definitely don't buy eth!
The real economic power always lies in positive yield that derives from productive economic activity because it allows compounding - continuously increasing the fraction of global resources owned.

Once ethereum is ready for prime time everything will become obvious. Did you seriously think crypto is going to reduce income inequality? It's going to be digital feudalism and eth is going to be valued at trillions.

looking at your time axis there this will mean that eth will only breach previous ath right before the end of this cycles bullrun
thats majorly bearish, it has to outperform eth is still unsurpassed in its niche