/biz/ - Business & Finance

avax is LITERALLY finished
i just dumped my bags and suggest you do the same

>>28354919
thanks, id rather pay a bit more gwei for security and durability

Fucking hell I fell for the FUD

ABORT ABORT ABORT

THIS SHIT IS DUMPING

SELL SELL SELL SELL

>>28354919
WallStreetBets backup discord: DjurEMPe

>>28354919
Nope, i'm out.

>>28354919
>thinks it's only a dip
>doesn't know there's like 1000000000 people that can't sell right now because network is fucked
when people are finally able to send their gayvax to binance again this shit will dump to zero

>>28355004
It's very obvious FUD, even for a newfag like me.

>>28354919
Meh, still holding tho. I'm kinda disappointed that I didn't try to swing it from $60

>>28354919
Lies are just as bad as FUD you dumb nigger.
The network itself is overloaded, most likely due to shitty hardware and too few nodes in the network. Several anons that run validators have been posting in previous threads

Shit still looks fine, but they definitely need to fix up some shit and make running your own node cheaper on the stake side

AVAX is pure spaghetti code. AVAX 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.

Turkey man is smart. However, he's the most retarded smart person in all of crypto. He's a fucking man 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 AVAX to implement a scaling solution to where it doesn't need upgrades anymore. For AVAX to work, it will need constant upgrades of AVAX 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 AVAX 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 AVAX because with each 'scaling upgrade', those who are creating on AVAX will have to pivot each time to ensure their product is compatible to work on AVAX. To sum it up, each time AVAX decides to upgrade to scale, it just gets worse.

The only way to permanently fix AVAX would be to roll back the chain to the beginning almost.

IT'S CRASHING
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
$ 49.09

TURKS GET THE ROPE!

>people can't deposit on Binance
>it's still dumping hard
Hmm, I wonder what happens when deposits start working again.

Why are gas fees already several AVAX? I thought they were supposed to be cheap.

>>28355374
>replace avax with eth and it would still make sense

Nope, its over. We were already wobbling for a correction; this will make avax dead in the water

>>28355555
CHECKED
also that's the joke

>>28354998
>a bit more
like $50 - $100 more, faggot?

>>28355544
Because of the trilemma.
>>28355555
nice digits

Do you guys think they will admit they had a catastrophic failure on their first real test?

>>28355485
Most people are on binance tho, I highly doubt that people using avalanche wallet will make things worse, although it will dump pretty bad once people can finally redeem their staking earlier. So Id say the final dump is tomorrow since it takes a day for the redeem to get through.

>>28355615
Do you think people will ignore this or will it correct really hard? A correction was overdue but now people have a reason to sell as well.

>>28355555
Oh baby check those numbers

>>28355485
>a bit less than 20% from ATH
>high by crypto standards
LMAO, ask me how I know you're a newfag

>>28355744
It'll be $60 within 3 days, they're just FUDing for cheap coins because they're a bunch of faggots

>>28355544
That's ETH gas fees, You're paying ETH miners to leave their network

>>28354999
see you at 100$ at the end of the year, we were in for a correction anyway

>>28355766
>>28355695
>>28355670
unironically the best day of my life

>>28355854
I already sold. I'm sorry. I got back into grt which has had the same success somewhat

>>28355555
>>28355766
>>28355900
wtf

>>28355679
>$50-$100 is a lot
kek avax chad prime example

>FUDs saying its a turkish scam
did they even read the white paper?
avax $200+ december 2021

>desperately fudding all over the board
I guess the pajeet is afraid to be priced out

I've sold, thanks for the gains

>>28354919
This avax turk scam is good for fantom, thanks

Ted Yin:
"We're finalizing the update"

I hope you bought in retards

>>28355978
quads then dubs, it's a sign avaxchads

>>28356206
At least post a fucking screenshot you tard

>>28356134
Same, I'll enjoy a nice kebab with my 3.5x but thank god I didn't move my avax off the exchange and could just resell it as soon as it started dumping

>>28356206
omg i totally trust these people after this massive fucking failure

everyone that got pangolin airdrops is going to dump AVAX on the market rather than stay on this spaghetti chain or pay to convert over the bridge

>>28355952
don't worry bro, you'll be buying back in at $60

>>28356448
Rofl. More like $3

>>28356448
Broken coin $60 lol lmao it's over man take profit and buy the dip
I'm up so much I don't even care but just being real

>>28356637
>broken 'coin'
back to mcdonalds with you

Thanks to the jealous nocoiner FUD, I accumulated 150 more AVAX. I AM OFFICIALLY 500.

Help them FUD it more, if price hovers around 45 I can buy a little bit more by swinging some of my 20,000 GRT.

>>28356355
Hahah cope harder

>>28354999
Get priced out poorfag? :)

>>28355004
Are you retarded?

It's an Avalanche alright.

There will be another massive dump in less than 24 hrs. Until then hold to buy the dip

>>28355374
Nice ETH copypasta.