/biz/ - Business & Finance

>>29931452
we just got out of a gruesome bear market, watching miners capitulate at a loss until a few months ago.
I remember bitcoin miners spending 15k per bitcoin, when it was 8k.
There were countless stories just like this...
https://www.youtube.com/watch?v=BHoJSMmvd3I

Lesson is don't scale up to a large operation. Keep it casual.

>>29271375
>he didn't buy the double digit shitcoin.

best fud from memory lane.
post'm.

this meme can be flipped upside down now.

You can target bitcoin's value with gold's marketcap, since that's what it's competing against.

You cannot do the same with ethereum, because ethereum is not digital gold, it's programmable money.
You can try to combine assets like bonds and industries like insurance and blah, blah, blah.
ETH is too obtuse to value in that way.
My valuation is based on the 32 minimum eth staking requirement and the cost of living.

So if the payout for staking is around 10%, depending on how much of the total supply is staked, you should ask how much somebody can live on with 90% of their money tucked away.

I don't think anybody wants to lock up 90% of their money to live on beans and rice and drive a busted hatchback for uber in a fucked up 3rd world shithole.
I think anywhere between 50k and 100k is enough to live on comfortably, depending on inflation.
That means 32 ETH would cost between 500k and 1m. And the price per eth would be between 15k and 32k.

The first bear market after the first staking pool dump is gonna be one hell of a buying opportunity. Probably another 90% dead drop and all the same bobo maxi fud that comes with it, until stakers round up the supply cheap and start raking in fortunes in the undersaturated staking market. Rinse-Wash-Repeat.

Final note. This is why eth 2.0 will not be a good store of value. The supply will be too seasonal.

You can flip this chart upside down now.

>>22075560
i think we might just /make it/ after all.

>>13110370