/biz/ - Business & Finance

ETH is shitcoin , nothing to see here

This is the highest market cap shitcoin -- of course it's going to struggle to move and perform like shit.

>>14568198
ETH price moves based on supply vs demand.
Bitcoin price is just pure manipulation.

Where did he touch you, OP

>>14568231
Why the fuck does bitcoin surge so much though. That coins price is literally based on how much people trust it. There's nothing at all backing it. Ethereum is superior in every way. fuming rn

>Thinks ETH is not a shitcoin

>>14568242
Everything moves based on supply and demand. HTH

ETH mooned in 2017 and early 2018 because the ICO craze drove massive demand for ETH. ICOs are now dead. HTH

>>14568269
what the fuck is hth

>>14568264
ETH:
>premined
>DAO-forked
>uncapped
>Centrally planned by leftist millenial sõycucks
>only mooned due to ICOmania which will never happen again
>on the brink of getting classified as an unregistered security the second PoS gets implemented
>superior to BTC in every way

>>14568309
heil the hitler

>>14568269
Bitcoin is internet funny money that has value because people say it has value. Tangible items like gold, or a platform/service like ethereum is superior in every way because they actually provide value by themselves. Bitcoin doesn't do jack shit and fees go to insane heights whenever it gains any traction whatsoever.
*breathes*
FUCK NORMIES

>>14568264
It's almost as if the BTC maximalists were onto something all along. That, if you're looking for a hedge against absurdly loose monetary policy from the Fed, the ECB, the BOJ, you might want to hold an asset with a hard capped supply with high (and ever increasing) liquidity. Tell me again how ETH is "superior" at being digital gold?

>>14568309
https://www.urbandictionary.com/define.php?term=HTH HTH

>>14568436
I'm not saying it's better at being digital gold. I'm saying that Bitcoin's real value is 0 because it is a complete and utter meme. There's no reason to buy bitcoin long-term instead of gold. Bitcoin already has a shady rep among normies and that matters when your coin provides no intrinsic value whatsoever. It's worse than gold because gold is something that tangibly exists and will always have demand. The same is not true of bitcoin, unless you are a retard who thinks governments will freely give up their influence to cryptocurrency. I'll give it 5 years tops until it diseappears into the aether in favor of some other crypto that isn't built on hype but actually provides something.

>>14568353
fuck off roastie

>>14568525

Not going to spend my holiday debating a retard who is ignorant about what attributes are important for a store of value.

>>14568542
You fuck off you reddit tier Vitalik dickriding cuck. Fuck ETH

>>14568601
Bitcoin
Has
Value
Because
People
Say
It
Has
Value

Also holy shit you realise bitcoin was the first cryptocurrency? You realise as time goes more technologically impressive products push old ones to the way side? Remember 20-40$ fees on bitcoin transactions in 2017. Bitcoin is garbage and the only reason it has value is because you can't buy alts with fiat as easily yet.

>>14568666
Checked and basepilled, boomercoin is on life support.

I bought 100 LINK AT $1200. I will literally unironically never recover from this. I am finished. I am done. I have to eat rice and oatmeal for every meal and had to sell my house and move into a van and shower at the gym which I go to for free because the owner felt bad for me.

>>14568666
You have to go back.

>>14568198
losing my fucking mind at these MLP motherfuckers. Can't get people excited like bitcoiners

>>14568249
Seems like OP has been same fagging these low effort anti eth posts. Pretty pathetic.

>>14568788
Tell me these people aren't excited https://www.youtube.com/watch?v=j7MeJionPMA

>>14568198

It will follow BTC's big moves up. It does not move at the same time as BTC. This happened last time. When people book profits from BTC's mega rallies they funnel them into coins that have not pumped, especially coins with good fundamentals. Hence alt season. Just be patient.

>>14568198
>what is price supresion

give it a while.
ethereum will come back when it upgrades to 2.0
could take all summer for the sat ratio to bottom, but Plasma and the Beacon chain are on the way. When that happens, dapps should be more economically viable.
More demand, tends to lock up supply.

>>14568890

>>14569021
sats ratio pretty much bottomed out 3 times already. Bitcoin is not breaking ATH before 2 more years. ETH will go up way faster then people think imo

ETH BTC pair has the highest correlation of 0.88 highest among any other crypto pair. dont be dumb like reddit. Buy ETH

>>14568666
Bitcoin has value because there will only ever be 21 million of them

>>14569524
Imagine thinking this and still having the mental capacity to breathe.
Are my pubes worth $100,000 each because they're rare?

>>14569723
GOTTEM

I hate ETH but still have a suicide stack of 32 ETH for staking


100,000 coins we year bs 5 million today, the ULTIMATE CHAD HALVENIN *19

>>14569217

You are in for a rude awakening. "Bottoming" out 3 times and slowly sliding lower is not bullish. This shitcoin is about to collapse.

>>14568525
You are right anon. Don't listen to these retards. The reason gold is a real store of value is because it is hard to obtain and there's something real there you can do with it besides just holding and tracking value. Btc is near worthless. It is more like a religious relic than actual gold, essentially there were enough retards who bought it that the digital gold meme caught on. I wasn't interested in crypto until eth came along.

>>14570187
>not buying at support
>not buying when btc is at 64% dominance

>>14568525
Cope harder you low IQ faggot, there's a reason BTC is worth what it's worth and you're whining on the internet about your worthless bags. Trust me, it's not the entire market that's wrong; it's you.

>>14568264
>Ethereum is superior in every way
>does nothing
>gets raped by cats

BTC is a shitcoin too don't get me wrong. But if you're going to take out the pile of shit at #1 you need something actually superior and that's BSV.

>>14568525
>intrinsic value
Kek

Give it like 9 months you impatient cunts. Remember the ATH? Double that!

>>14570187
this

>>14568436
>It's almost as if the BTC maximalists were onto something all along
they weren't, literally every prediction from old years turned out to be hilariously wrong.
https://web.archive.org/web/20110811230715/http://astrohacker.com/ahc/bitcoin-is-the-economic-singularity/
what people expected:
- for bitcoin to become a major currency
- for hyperbitcoinization to happen in third world countries
- for taxes to start to become increasingly impossible to collect because of bitcoin
what actually happened:
- a speculative toy for rich people
Which means early adopters lucked out into gains and they had no idea what's going to happen, unless you show me someone that actually predicted that bitcoin is never going to amount to anything more than a tulip and still bought a lot. As they had no actual idea what was going to happen then, they have no idea what's going to happen now, and what's going to happen is that once eth2.0 gets released it destroys everything, including bitcoin else, which won't even be remembered much after the smart contract bubble.

The funniest irony is that this
>Bitcoin is useful for all the same reasons that any currency is useful: it is a medium of exchange. The advantage of being decentralized is that you do not have to rely on a third party for security. Thus, bitcoin is more useful than digital dollars for the same reason that digital dollars are more useful than paper dollars, or paper dollars are more useful than gold: it is just easier to pay people with them. No banks means less headaches, in the same way that no gold means there is a lot less weight you have to lug around. Bitcoin is thus a better answer to a problem humanity has been slowly solving for millenia: how do we remove barriers to payment?
used to be the major narrative and talking about "store of value" would get you laughed at, for viewing it as a ponzi. Today those that still talk about this get called "bcashers" and banned.

>>14570672
woah its almost like opinions change over time or something

I'm just glad you're going to live long enough (hopefully) to get to truly witness how wrong you are about Bitcoin

>>14569217
>Bitcoin is not breaking ATH before 2 more years
Or two more weeks.
Ether has so much unfinished business, I can see it losing half it's sats and I am very, very, long term bullish.

>>14570800
yeah let me guess, for some odd fucking reason people are gonna stay with this ancient technology run by chinks because DECENTRALIZATION am i right? So fucking delusional. Bitcoin is a crypto like any other, except it lacks anything that can back it. When other coins get actual adoption (see chainlink) bitcoin maximalists will get owned.

>>14570800
>woah its almost like opinions change over time or something
you aren't right if you predict something is going to happen because of X, and it happens for a completely different reason.
>I'm just glad you're going to live long enough (hopefully) to get to truly witness how wrong you are about Bitcoin
You can't disprove math. Bitcoin is a zero sum game if you include payments to miners, which leak value every instant - until bitcoin dies. Because of that, average buyer in bitcoin is going to lose money, it's a mathematical certainty.
Ethereum is not a zero sum game because of utility that's captured in the form of fees by stakers, which allows everyone to gain, unless it never gets adopted, but that only means some alternative smart contract platform won, bitcoin still loses.
Eventually, an positive sum game must win over a zero sum game, no matter how irrational the market gets temporarily.

>>14571042
>Because of that, average buyer in bitcoin is going to lose money, it's a mathematical certainty.

That's odd because over the entire 10-year history of Bitcoin today, literally everyone except those who bought in a narrow 1 month window (if that) at the top of the market have made money, not lost it. I'm pretty damn sure if you give it another 6 months even those top-buying retards will be in profit, the same way the people that bought the 1,100 top in 2013 are now. Maybe we can worry about that problem in 50 years when we've actually mined effectively all the BTC.

>>14570943
You too, I'm going to enjoy knowing that one day time and the market will prove you wrong beyond argument. Kinda like the r/buttcoin faggots who made their sub in 2011 and continue to this day to think they're right that BTC is just a scam and it's going to crash ANY DAY NOW :^)

>>14571140
>That's odd because over the entire 10-year history of Bitcoin today, literally everyone except those who bought in a narrow 1 month window (if that) at the top of the market have made money, not lost it
wrong, you have to sell to make a profit.
Are you one of those that think there are 212 billions stored on exchanges?

>>14570800
People are going to use what ever crypto is more convenient for them, not which has the most value. You have to think about it from a non-investing point of view.

Bitcoin will slowly drop in value as people actually start using coins with more practical uses and those coins will take value away from bitcoin.

>>14571196
Peoples' irrational decision making says nothing about what bitcoin could have done for them had they not been ADHD-riddled retards

>>14571201
Cool story bro, can't wait for it to literally never happen. Wish you all the best

>>14571239
>Peoples' irrational decision making says nothing about what bitcoin could have done for them had they not been ADHD-riddled retards
what is that an answer to?
I have a feeling you just realized that every sale requires a buyer on the other side.

>>14570534
lol ok. this shit's about to break down vs bitcoin. when that happens itll dump hard even when measured in fiat.

>>14569524
Wow. BTC maximalists are retarded. Don't you realize any idiot could make a coin tomorrow with a hard cap? It isn't digital gold. Gold has at least some utility.

BTC has none. It might be closer to a religious artifact in the way it holds value rather than gold.