/biz/ - Business & Finance

>waiting for this shitcoin to finally DO SOMETHING

>flippening soon

>>29788142
>trading ETH for ADA right now would be like trading BTC for ETH in summer 2017
You must be a newfag. From the summer of 2017, BTC went 8X to its ATH while ETH only did 4X.
> https://coinmarketcap.com/historical/20170615/

>pumps less
>dumps more
>recovers slower
>crabs longer
EIP-1559 will s-save it, r-right?

>>25947466
fell for the EIP-1559 meme meanwhile double BTC inflation rate the past few years AND POW and POS rewards on 2 chains for an unknown amount of time will result in massive dumping when staking and rewards are unlocked

>>25422128
>>25422220
ETH high against BTC was in June 2017. It has been falling for almost 4 years now. In that time 22 million more ETH has been created
>https://coinmarketcap.com/historical/20170615/
AND EOS just one ICO has dumped 7 million in ETH in the market. This is why ETH has been falling against BTC for almost 4 years, why ETH can't even reach $1,000 and why it will continue to underperfom Bitcoin. You need to grasp that or you're going to keep losing money at an opportunity cost of not holding King Bitcoin.

>>25417622
Grayscale investors prefer ETH over BTC? kek Is that why they have $20 Billion BTC in AUM and only $2 Billion ETH? Is MassMutual and other institutions buying ETH? Soon pension funds the world over are going to be allocating to BTC.
>>25417893
EOS collected 7 Million in ICO in ETH. Bancor, Tezos, etc collected hundreds of thousands each. Not to mention countless scams like Substratum. This is why ETH pumped so hard in 2017. It's not happening this time around and dummies are losing value in BTC ratio and wondering what is going wrong

>>25227014
1 BTC = 7 ETH
https://coinmarketcap.com/historical/20170615/

1 BTC = 11 ETH
https://coinmarketcap.com/historical/20180115/

1 BTC = 13 ETH
https://coinmarketcap.com/historical/20180615/

Yeah I call this a piece of shit. Tell me why I am wrong?

>>25183440
literally bleeding against BTC like every other shitcoin. gaining against USD is still losing

21.3 Million more ETH created since the summer of the 2017 Bullrun. ETH was $360, BTC was $2,500. This is one of the reasons BTC has gone 10X while ETH has not even doubled!!!
> https://coinmarketcap.com/historical/20170615/
Other reasons include founders/devs/insiders dumping 70 Million of premine and ICO scammers dumping millions of ETH they got for free.

>>24903970
>>24903989
>>24904206
>>24904007
> EIP-1559 hur dur DEFLATIONARY
This marketing gimmick meme started being shilled to retards in October 2019. Since then 6 Million more ETH has been minted and now ETH has inflation rewards on Proof of Work and Proof of Stake chains meaning....MORE INFLATION and dilution of value for an unknown number of years. Worst all that staked ETH1 and the POS ETH2 will be released at one go bringing this a shitcoin spiral flush.
>https://medium.com/@TrustlessState/eip-1559-the-final-puzzle-piece-to-ethereums-monetary-policy-58802ab28a27

>>24873197
>deflationary
Around ~6 Million more ETH created since that article was posted in Oct 2019 kek. Not only that but now you have ETH being generated in both POW and POS chains for an unknown amount of time. And You have to LEARN RETARD!

We're not at late 2017 levels of gains just yet, when you could double your money within 24 hours buying any random coin. Zoomers need to see fast results, they don't want to wait more than 1-2 weeks on an investment. Sitting through months of crab market and trying to find gems is too much effort. Once the easy money starts they'll start telling their friends and it will snowball from there.

>>24481069
> https://decrypt.co/45751/solana-ethereum-usdc-stablecoin-defi
USDC will be used on Solana for maximum scalability and efficiency in cost

worst performer in the top 10 despite muh 2.0, the absolute STATE of eth

September 2020
> BTC $11,900
> ETH $477
> https://coinmarketcap.com/historical/20200901/

>>23995534
It's all about sats noob retard. If you're taking more risk with alts, they should outperform btc and reward you for that risk. this shitcoin has been falling in btc ratio for 3 1/2 years

>>23970764
It was mostly a meme that ETH staking would suck up most of the ETH in existence causing scarcity and 1559 would result in burning ETH and make it deflationary. A fairtale sold to low IQ retards when ETH OGs know that ETH 2 phase 0 is just a testnet which is risky as fuck, where your stake is locked for at least 2 years and nothing has changed. At least you're asking this question before most of the ETH retards who have been duped realize this.

>>23740046
> BTC $40 Billion, $2,400
> ETH $33 Billion, $360
> https://coinmarketcap.com/historical/20170615/
Look at the marketcap, it was so close in June 2017. ETH has done nothing but dump and lose value since then. That 70 million premine and 21 MILLION more ETH printed since then has meant dump dump dump. This is actually going to get worse with rewards on both POW and POS chains with ETH2. It might pump for a while but that's inflation on 2 chains

>>23687785
be patient, it's going to launch in early 2019
> https://www.sfox.com/blog/ethereum-2-0-what-the-next-three-years-of-ethereum-will-look-like/
oh wait, January 3 2020 for sure
> https://www.trustnodes.com/2019/06/15/ethereum-2-0-planned-for-launch-on-the-3rd-of-january-2020
i swear it's coming

>>23613654
> staking soon
since 2017

>muh flippening
>muh eth 2.0