/biz/ - Business & Finance

>>22055251
It’ll crash back down to $150 within an hour. Check the charts it’s all right there in a classic reversed sliding check mark pattern.

defi craze is raising gas prices to ~300 gwei
which isn't a bad proxy for actual network usage, and of course fees collected for miners
making eth slightly more desirable, and slightly more profitable to mine
i don't think you need to look for some big drive beyond that

>>22055278
$150 is still way overvalued. ETH should be worth $10 at most. I'm expecting this crash to happen imminently. We are now at the tip of the return to normal.

>>22055278
but also this
remember eth is a $230 stablecoin

>>22055354
ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value

>>22055278
Yeah ETH hasn't had it's classic 50% dip in a while yet.

cope the thread

>>22055251
$434 was called to be the top yesterday by an anon speculating that the crash would come after that. I don't know, but the market does look weak. I'm avoiding speculating at this point and exiting the market.

>>22055560
LOSER

>>22055251
A lot of ETH locked on yield tokens

>>22055506
>always do the opposite
Thankfully I'm already balls deep

>>22055583
Your emotional instability makes me think you should exit the market, too. Take your $2 in profits and buy yourself a Big Mac - you deserve it.

>WE ARE ethereum BULL NOW
>SELL YOU bitcoins BUY ethereum

>>22055439
This is why if you hold ETH, you will end up missing out and wage slaving until you're 80 because your failed shitcoin is in fact the most overvalued asset in history of crypto, and will dump to oblivion while everything else goes up.

Only the ones that invest in DOT instead of ETH will end up financially independent, able to retire early, buy multiple houses, and gain access to all of life's pleasures.

>>22055649
based response, the poorer are always the most agressive

>>22055680
I sold my ETH stack. Made a decent amount off it, gonna wait for the inevitable crash then buy back

all of you morons are going to FOMO when you realize that this pump has legs to it

defi has convinced traditional finance chads that ETH is interesting as fuck and worth putting money into

traditional finance chads have a lot of money

>>22055717
I have 32 ETH I bought at $128 but I'm really itching to move more of it into DOT. Only have 280 DOT right now

>>22055717
So many "eth killers" currently. I know Eth is shit tier, but why "Dot" and not, for instance, "Tezos" or "Neo" or "Cardano" or "Algorand" or "Ark"?

ETH is still legacy and the the out of tune man, it is the big cheese, so listen, eith will pump to $500 probably even more over the next 2 weeks, and expect that to be the last, then DOT will end up on top long term, wayyy more ambitious and advanced

>>22055278
more like $15

>>22055717
you responded to an old pasta

>>22056332
lol enjoy your pedochain

everyone hates gavin

>>22055278
>defi craze is raising gas prices to ~300 gwei
>which isn't a bad proxy for actual network usage, and of course fees collected for miners
>making eth slightly more desirable, and slightly more profitable to mine
>i don't think you need to look for some big drive beyond that
>>22055354
>>22055332
>>22055363
>>22055439
>>22055467
>>22055717
>>22055850
>>22056332
Every small eth pump turns biz in saltmine?
Waht did biz mean by this?

y i k e s

>>22056621
Could it be all newfags dont have mandatory btc/eth/link stacks before playing next eth cassino and are allin in some aboslute shitcoins?

>>22055278
tether increased supply by 30% today
at the end of july tether increased by 10%, and eth pumped 10% in a day
some instituion just dumped 3 billions into crypto, they probably bought some eth

>>22056067
>defi has convinced traditional finance chads that ETH is interesting as fuck and worth putting money into
wow, a non retarded post, good job anon

>>22056067
this guy gets it desu
Though I really wish one of the 10 million eth killers could finally get some adoption so I don't have to pay these fucking gas fees.

Market is looking very bad, this Binance YFI scam looks very dubious with its 38.000 USD or whatever price. They are pumping ETH to have buffer for cash out I guess.

>>22056621
>>22056702

I'm in ETH long term, I bought in ~$223 and half this morning, gonna wait for another dip and buy again

>>22056067
Why would I fomo in this spaghetti code garbage to make a 2x at best when I've just made a 10x on RSR in 3 months and I can easily make another 5x? Think, you fucking retard.

>>22055251
sushiswap alone literally pumped eth
>almost a billion of uniswap liquidity lock there now and almost all of it is NEW
>most coins in the sushi pools are mooning
>eth is mooning
>btc is crabbing
you think it's a coincidence?? this sushi ponzi is gonna crash the whole market after the migration

>>22056705
You really believe that some institution is buying 3 billion USD worth of ETH at this point xD

>>22056621
/biz/ is just a giant signaling hub for ETH
this thread is a huge buy signal btw

>>22057807
Agree

>>22057807
ETH will be nothing but a novelty sidechain of BitCoin

>>22055251
>I just came back from my cottage house after checking the price last Friday and now it's at 433. Wtf happened
jews

>>22055439
>The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road
I can't stop keking at this low iq explanation

>>22058255
Newfags replying to a copypasta kek

Eth does huge equilibrium patterns before it shoots up, is in the phase where it hovers around 400$ for like 5 months before it shoots up again, like a couple months ago around 210$, when it bottomed out around 90$, or nov 2017 when it hovered around 300 for half a year.

And everyone fuds eth because they want to be eth.

>>22057588
jp morgan just bought a portion of consensys last week

>>22056621
It’s going to drop again. I’ll rebuy my stack while making profit. If not I guess I’ll just fucking accept I’ll never make it

>>22058376
A copypasta that has only been posted like 5 times and was only started in May.
I'm surprised there's a retard that comes to this shitty board often enough to recognize copypasta that's been posted so infrequently.

Real banks have their eyes on ETH, 10x moonshot biz bois don't.

More news at 11.

I want to ride the wave when big finance wants a piece of the run.

>>22057226
>Why would I fomo in this spaghetti code garbage to make a 2x at best when I've just made a 10x on RSR in 3 months and I can easily make another 5x? Think, you fucking retard.
because not everyone is playing with their $100. liquidity is real, you poorfag.

>>22058662
>A copypasta that has only been posted like 5 times

>>/biz/?task=search&ghost=&search_text=spaghetti+code
all shills target eth, it's been that way since lisk was calling it a russian scam

>>22058662
muh retard basket weaving forum is so much fun tho

gives me a massive schadenfreude boner

Okay, just picture this. Grown adult men think that a technology called POLKADOT will reach mass adoption.

POLKADOT.

Hahahahahahahahahaha holy fuck. Haha

>>22059512
>google
>yahoo
>alphabet
>apple
>chainlink
>>ethereum
true story, didnt buy eth in 2016 because i couldnt fuck with the name
was almost out of my mid twenties
felt like I had to leave all this kiddy shit behind
conspiracy theories, aliens, liberalism
ethereum, ether, sounded like some astral projection/metaphysics shit I was into as an early adult,
I couldn't

>>22058662
oh anon
this is a 2017 pasta and was posted literally hundreds of times