/biz/ - Business & Finance

>>22144871
SHUT UP I NEED ONE LAST GODDAMN DIP SHUT UP YOU FUCKING FAGGOTS ETH NEEDS TO CRASH ONE MORE TIME BEFORE WE CAN MOON

>>22144871
$100k will happen, but it won't be in this decade. The 2030's will see ETH at $100k.

I'm all in, but I plan to sell the top of the next bubble in 2023 at $10k, wait 4 years, then reinvest at the bottom to get 10x my eth stack, then ride it back up to $100k in 2032, sell the top again, and that will be it - financially made it for generations of my offspring.

>>22144871
Yeah nah.
Rumors are its going to be given the illusion
But algo will be the one to handle smart contracts
Rug pull.

>>22145066
we just had the last dip before the run to $600+

>>22145470
Eth won't dump from $10k under full PoS. Big dumps happen because of miners.
I'm only selling if eth goes above $5k in few months, as that means PoW still stays for a while

are fees bearish or bullish? someone will sell those fees, wont they?

>>22144871
I've got 500 buckeroos and no ETH. Is now the time?

>>22145863
if you're asking me if it's never going to be lower than today, I don't know
all I know is it's going to go up a lot once the market realizes income from fees

>>22145470
You would statistically be better off just holding as it is impossible to tell when the real top is and when the real bottom is

>>22145863
Yes

>>22145951
Logarithmic. Regression.

Sure you can't predict exactly when the top is, but you can start cost averaging out based on the logarithmic regression band for btc.

I was able to sell the 2017 bubble gradually in increments on the way up and ended up cashing out all my eth at an average of around $970 (unfortunately not over $1k), then I let it go down for a while, started DCA'ing in at $215 all the way down to sub $100. My buy-in average with my 2017 profits currently stands at $160.

I'd say not too bad. Sure as hell wouldn't want to hold from fucken $1.4k down to $80. Every cycle is virtually guaranteed to boom and bust. I will start averaging out my current position at around $8k per eth leading up to $10. Don't care if it goes to $18k or whatever afterwards because it will definitely crash way lower at some point and I can just multiply my holdings each time.

>>22146662
$10k*

>>22146662
I got all my ETH @ $90 and just held it this whole time. I wanted to try what you did but I have shit luck.

stacking multiple eth every day from farming sushi almost feels like i'm stealing from someone

>>22146662
I have the same plan. Really hoping for a 10k ETH. Think we'll actually see it? Whats your estimate for when it happens?

>>22144871
The fees are really getting ridiculous on Eth though, where do we draw the line and say that its too much lol

Radix is a far more scalable chain, its gonna give eth a run for their money as its made for DeFi projects

>>22146743
The key is recognizing that the past data tells a story of cycles which are basically lengthening in duration after each major bubble pop, and also that the % returns you can get from each subsequent bullrun (from the bear market bottom) are diminishing. Based on past data, the next cycle will likely peak roughly around early 2023.

I know I will definitely be starting to gradually exit the market nearing the end of 2022, with the aim of being fully out of the market when the big crash happens.

>>22146938
scaling is coming
eg. optimism.io
>>22146957
you're expecting cycles from the PoW phase to continue under full PoS, that's not going to happen.
Don't underestimate the impact of miners dumping millions every day

>>22146823
I'd say $10k eth is likely, just because of its psychological significance. It'll also probably depend on what BTC is doing at that time as you don't want to forget that there is high correlation with BTC. I would suggest if BTC hits its psychological $100k before eth hits $10k, to be at least 50% out of the market by then just in case BTC tops out there and drags everything else down with it.

Although who knows what will happen in the case that ETH overtakes BTC's market share in this cycle. It's plausible, and will pretty much be uncharted territory in terms of guaging asset correlations because nothing has ever overtaken BTC before. It will be a major first in the market and could lead to ETH becoming the de-facto 'index' for the market.

>>22146938
Lmao Kys pajeet

>>22146996
It's definitely logical to think that it won't dump just because people stake instead of mine, but the reality is that everything in the market, regardless of the technical underpinnings, moves somewhat loosely in unison, much alike to a flock of birds or a school of fish.

This is an intrinsic property of any market you look at on a macro level scale, whether it be stocks, crypto, housing, and so forth. It's why the text-book "Psyschology of a Market Cycle" exists in the first place.

>>22147345
Or maybe the market moves like that because two biggest cryptos, also two biggest non-fiat pairings, are PoW based.
That's my opinion. If eth hits $10k after full PoS, people are going to sell it expecting it to dump 80%, but nothing like that is going to happen. You will see funds buying billions worth just to stake.

>>22147389
Well good luck with that. Just be sure to recognize that people will want to start taking profits at some point, and most major players i.e. institutional funds will have this factored into their trading strategies.

I'd be very surprised if it "just keeps going up". Will likely hold a small percentage (3-5% ish) in the market just to see what happens with it, but will mostly be out of the market as my targets get hit.

The only way you'll probably see this occur is if the actual value of the US Dollar suddenly collapses out of hyperinflation to the same degree that the Zimbabwean Dollar did. Never say never I guess.

>>22147735
ideally it hits >$5k within the next few months, we both dump and rebuy at $1k.
Full PoS most likely in 2022

it's obvious addict lyrium is old and outdated and has no use case in a bull market like what's coming

>>22147139
If ETH overtook BTC, what would its price look like? I've never considered this possibility.

>>22146662
>sell ETH at $10k
>pay 30% capital gains tax
>ETH has to hit $7k before you are even ahead
>could have just staked the whole time for passive gains
The world has changed since 2017. Cashing out isn't worth the risk in a lot of the major crypto investing countries. That's why all the coins that blew up recently have some ability to earn passive income by holding.

>>22144871
but I did anon. I bought a fuckton. shitcoiners all get the rope it’s time for daddy ETH to pump to the stratosphere while all gullible sushi fags lose everything and kys. nothing personnel

>>22146777
>from farming sushi
???

>>22147983
>sell ETH at $10k
>pay 30% capital gains tax
it's indeed not 2017 anymore, now you can sell on uniswap for stablecoins
>>22148098
good
I'm also in yfi though

>>22147783
Here's a protip: have a look up the BLX (BraveNewCoin Liquid Index) on TradingView and overlay a 20 MA Close over the weekly candle timeframe.

Assuming we've reversed the macro down trend earlier this year, the absolute best times to accumulate from this point forward on the way up are when BTC nears this line. Just look at the previous cycles where the 20 MA acted as support throughout each of the entire previous run ups.

We know from previous data that every run up has had intermittent periods where several corrections of up to 30-50% occured, and will also undoubtedly be the case for this next upcoming run up. Like the previous cycles, everyone's going to be on edge and the FUD will be slung around causing major volatility.

Despite all this chaos that will ensue, you will always be able to count on the 20 week moving average as the support line for the market run up.

>>22144871
ETH dies summer/fall 2021

>>22144871
Ok but, every transaction costs gas. There's no way if a company/business/platform is doing 100's of transactions a second they'd want such expensive fee's.

Yea, Eth 2 will solve this, but with development timeline that won't be rolling out till 2022. In which case there's blockchains already built to solve this scalability issue, and IMO will eat Eths market cap over next couple years.

Polkadot, Algorand, Tezos, Cosmos, Cardano prime examples.

>>22148135
>now you can sell on uniswap for stablecoins
that’s great but are you going to go the rest of your life without ever cashing out to a bank account? you’d rather be a millionaire that can’t spend any of his money than pay capital gains tax? short sighted and retarded.

>sharting
sirs what is meant by ETH sharting, it appears to be doing good job of doing that already as we speak

>>22147915
Remains to be seen really. I couldn't give you a decent opinion on this because there isn't any prior data that could foreshadow how ETH would potentially behave as a market leader.

In any case, the overall sentiment will have shifted in favor of ETH, which I think is actually happening ever so slowly right now as we speak, but may accelerate much more drastically going into this next cycle depending upon developments within the ecosystem as well as team.

It's part of the reason why I've got all my eggs in the ETH basket and don't really bother with BTC or anything else for that matter. From a fundamentals standpoint, I believe ETH harbors much more potential long-term upside than BTC.

>>22144871
I'm buying big time

>>22144871
Doesn’t really feel like anything like that is even remotely possible. We’re stuck so far down on everything.

>>22148709
>We’re

>>22148568
I agree. Sentiment has definitely shifted in favor in the last 6 months.

I only have
>35 ETH
>1.34 BTC
>1300 LINK

I want to accumulate more eth but i think there will be another drop. Really hoping for an election dip.

>>22148519
I'm going to buy a citizenship in a tax haven and go nomading for a year or two.
Alternatively move to Germany for long enough to obtain tax residency and leave my stack alone for a year

What happens if nobody stakes even if it pays 50% when you can make 100% yield farming? The network dies?

>>22148709
you're in whats called the depression phase, its the reason people don't buy lows and don't understand how they miss highs

>>22149015
There's ton of people waiting for staking either by themselves or plan on joining a stake pool. The question is when will everything be ready for staking and not be a risk to investors.

I unironically just bought another 5k worth.