ETH 2.0 FOMO

I warned you on a daily basis
Once ETH 2.0 launches and the beacon chain starts producing ETH, the FOMO will be biblical. Everyone will rush to buy 32 ETH, which will make it scarcer, which then gets locked up in the contract, which makes it even scarcer, which will increase the price two-fold, which will then cause more FOMO as the rewards skyrocket, which will get more people to buy more 32 ETH batches...
You literally had years to buy this. I hope you acted on this once in a lifetime opportunity.

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Why is 32 ETH important specifically?

imagine missing out on Ethereum the first time, and then missing out on it again the second time KEK

tfw I'm literally priced out.

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minimum amount to stake

ETH2 launch will be front page news next monday.

You guys have no idea whats coming, this very well may be the largest crypto pump the world has ever seen.

I thought ETH 2.0 is still ETH?
Do you get some extra benefit from staking it?

its pleb filter

Yeah you get like 5%, meanwhile it's going to dump and you're gonna get 5% of something worth 20% of what it was worth at the peak of pump.

relatively arbitrary, but not entirely. It had to be some power of 2, and the specific power had to be somewhere where it is not too low nor too big, so they picked 5. The power part was the somewhat arbitrary number, but there was a reason. The base of 2 works out much better efficiency-wise for computations
2^5=32.

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Ah, thanks. I'm a BTC maxi with 10 ETH. I was considering dumping some BTC to get the other 22, but ehhh. I think PoS may turn out to be a PoS.

Is it a hassle to stake this ETH?

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As much as I hyped this up in this thread, I myself am not staking on launch.
It is a hassle, but not that much. Essentially, you have to maintain a single ~4 GB RAM miner (no GPU required) and an ethereum 1 node that doesn't need to mine, so probably another 4-6 GB of RAM. On top of that, the storage requirements to host the ETH 1 chain and the ETH 2 beacon chain, which is probably around 250-300 GB of storage. You have to have SSD, forget about anything else. On top of that, you need to have a pretty good network connection but nothing crazy. Regular "good" first world connection. All in all, my setup costed me approximately $150-$200 + my regular internet costs.
I don't see a reason not to stake in the future, but it is a little risky right now. I was part of a few testnets before, including the Medalla one where everything went haywire. They did end up figuring it out on the fly as the chain was going without needing any restarts, and everyone was in profit quickly enough, but that was a couple of weeks of worry that would have me pulling out my hair if it were with real 32 ETH. I don't really anticipate this happening, but testnets are not the same as Production, so who knows. The way I think about is there is no shame in waiting a few months for this to mature and then join. Hell, long term, even a year doesn't make that much of a difference. The biggest downside is that it is pretty much guaranteed that they'll give out NFTs at genesis to people who participated, and that will be a really neat artifact to have and to pass down to your children over this century. I am a little torn because of that alone
The upside of not staking is that you'll have your ETH to do whatever the fuck you want with it. Once staked, you won't be able to move it out of the beacon chain for apprx. 2 years. You'll be able to "pause" (or "exit" as they call it) your stake though, that much is already there.
You should still get the 32 so you secure that position perpetually.

Bought 3 at 300$ didn’t get priced out at least but fuck mylife wish I stopped buying link now

Thanks for that response. I too will pass on the NFT badge for the same reason I don't give a shit about getting achievements in vidya lol. But maybe that 22 ETH top-off is a tolerable risk.

IMHO the 32 ETH entry minimum for the ethereum staker club is equivalent meme-wise to 21 BTC entry minimum to the "1 millionth" bitcoin club.
Of course value (and especially price now) are different, but the narrative is quite similar. If you care about ETH at all, getting up to 32 while you can seems like a good idea.

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Is 32 ETH enough to make it?

I have 11 ETH. Will I ever make it?

you had 5 years

Those staking think years down the line user, that’s how they’re rich enough to stake thousands of eth . They might miss the small drop, but then eths 2k in a year and they’re making comfy passive returns

I have 3.6 I CANT BREATHE

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it's time to go Aerodynamic

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I have 0.29 AND I CANT BREATHE

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If you don't want to lose your last chance get in on this presale

>Ethereum Developer as CEO(vitalik connections)
>CEO's always in telegram
>United States based
>Top notch CEO
>no dirty pajeets
>being listed on CoinTiger.com with over $4B in volume

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What is a vitalik?

The question is bros, do we even stake? We sell the top right?

don't miss this chance dude

dyor

I have 1.12 ETH

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wtf is a NTF at genesis.

what exactly is staking? I'm just coming back to trading crypto. Used to be into it back in 2017, and had like 60 eth at one point, but they were only 138 dollars ea. Crazy to see how much they've gone up.

Anyways id appreciate just a quick little run down so i can get back into trading and try to actually make some profit.