/biz/ - Business & Finance

because ETH is dying, buddy

>>29818915
What a shitcoin

>>29818915
It's failed tech. Expensive, slow and overpriced.

>>29818915
Cuz I just bought sorry fren

>>29818915
The money skeleton betrayed you, he doesn't give a shit about scaling.

>>29818915
Because there are many alternatives to eth now. Algorand, polkadot, cardano.
Shit - cardano, 2 days from now, will make it possible for all dapps to migrate from eth to its own platform, where you don't need ada to transact your tokens. Gas costs arw cheap as fuck there. Fully decentralised (soon to come - > it's about 90% decentralised atm, getting more and more as I type).
Algorand, another great project, unfortunately not so popular as cardano, but still a great piece of tech, solving most ETH problems.
See, anon, you just have to read documentation online - easy to understand.
Don't listen to all faggots saying good things about ETH.
Writing this as I'm waving from the space shuttle, as I've bought 20k ada when it was 0.11 cents. Confy as fuck.

>>29818915
ETH is going through the fucking floor. Listen to me anon. Get out now while you can. You've invested in a dead obsolete technology that has like a 100 viable and superior rivals now. Just don't be in that coin anymore. And this is a rare case of altruistic advice. Disclaimer I own cardano, but at this point so does everyone else, or at least some sort of ETH alternative. And that is why the dump.

Gas gas gas

>>29818915
eth is in a accumulation phase. Meanwhile you'd want to have a look on DHT desu

Why do you cry about these shittokens?
This is all your failor dude, don’t be so tarded
Wanna see profit?
>listen attentively my man, go to JustLiquidity and see yields for JULD
>Watch the stat, be smart!

>>29818915
Time to buy

>>29818944
>>29819169
>>29819189
>>29819193
Imagine not knowing that you don't have to pay fees on ETH anymore, the absolute state of this board.

>>29819193
i had to buy this shit to uniswap for what i actually wanted and it fell through the floor while i was waiting on my bank transfer to process on cuckbase. being poor is a curse

>>29818915
I KNEW IT. I SHOULDVE BOUGHT THE TOP DOG, BTC. it was sitting there at number 1 right in front of me. WHY did i ignore it.

>>29818915
300 united states dollars in fees per transaction lol

>>29818915
the end of eth is here
isn't it obvious?

>>29819363
You know you can use quickswap where there are basically no fees right?

If I own any ethereum based alt, am I equally fucked?

I own too much NU and want out.

>>29819482
when it runs on eth and uses the eth as liquidity for the coin i want, no i dont

>>29819358
Cuz of the Binance coin retard, which is not decentralized. So it's not blockchain. It's not DeFi. It's just regular centralized finance that you are doing with Binance.
Who the fuck wants to invest in crypto that isn't even crypto, isn't even secure and doesn't even really belong in this space to begin with.
It's a great temporary band-aid and I own 51 of them in my Binance account just to keep my fees slightly lower, but how could anyone think it's anything more than that?

>>29819738
WTF are you even talking about retard. You don't have to pay ETH fees if you use L2 solutions like matic and quickswap.

>>29819193
it's basically tied to the price of bitcoin. That is why it dumped

Get out while you can. It's no longer seen as a safe haven blue chip coin. It's just an outdated shitcoin.

>>29819738
Who the fuck is talking about binance coin. Go fuck yourself and die poor. I am saying you don't have to pay ETH fees anymore ON ETH. Kys

DeFi as a whole is a speculative bubble propped up by lots and lots of leverage. On top of that, Eth is shit and quickly being replaced even within the defi ecosystem.

>>29819979
>you don't have to pay Eth fees if you don't use the Eth network
Well no shit faggot congrats for finding out

>>29820178
Like seriously, who the fuck did not see this coming? Eth is going to go down in history as the first major cryptocurrency that failed.

Gas fees, that's why. No one wants a coin where the transfer fees is 90% of what they want to transfer.

>>29818915
everyone is migrating to side-chains

>>29820104
>>29819979
You are 100% full of shit. I just signed in to my brave wallet and tried to swap 6 fucking LINK (which is what like 150 bucks?) for UNI (chosen at random) and it tried to charge me 100 bucks to do it. LMAO.

Of course you have to pay gas fees. That is the whole point of Ethereum and how it operates and the fatal flaw at the crux of it.

>>29818915
ETH is a dead shitcoin and everyone knows it
BNB will obliterate ETH

>>29821140
ON QUICKSWAP RETARD
Q U I C K
U
I
C
K S W A P

It's in the fucking ETH roadmap that they would solve scalability issues in ETH1 and not in ETH2 by using fucking L2, if you are not using L2 then keep paying your fees

>>29819189
Avax is the real Eth killer.

When are they going to fix the gas fees

>>29821304
HOW THE FUCK DO I USE IT THEN, RETARD? YOU ARE TALKING ABOUT DAPPS THAT AREN'T EVEN DAPPS AND CANT EVEN BE USED RIGHT NOW.
YOU'RE TALKING ABOUT LAYER 2 WHICH WON'T BE ROLLED OUT FOR YEARS AT MINIMUM. PROBABLY CLOSER TO HALF A DECADE.

FUCK YOU, SOPHIST.

>>29821307
avax is the real avax killer

>>29821427

layer 2 unironically exists right now and if you weren't a poor retard you would be using it.

>>29821427
Are you retarded? You can use it already.

>>29819738
Ethereum is not decentralized, newfaggot
Anyone in the space for more than 3 months knows that
>centralized authority
>getting increasingly difficult to run a full node so you need a 3rd party to do so for you
Not gonna sponfeed more but you sound like an autistic mutt so you probably wont even understand in a first place.

>>29821427
DON'T BE AN ILL FATED FAGGOT JUST GOOGLE THIS SHIT FOR TWO SECONDS AND YOU WILL SEE ITS ALREADY WORKING holy Jesus

>>29821562
kek

Those of you suggesting you can use ETH v2 in here and there. Guess what. Nobody fucking cares that's why is gonna be crawling on the floor in no time.

>>29819738
>BNB
>decentralized
kek

>>29821579
>>29821641
Not really. Not it doesn't. I'm not a newfag eitiher. It is being rolled out in stages and basically no substantive portion of is has been rolled out yet. You guys are mostly full of shit trying to shill your dying, obsolete coin with the hyper high gas fees, I guess.

>>29822360
Are you schizophrenic?

>>29822562
>>29821579
>>29821641
I just looked up MATIC and lol it doesn't even run on the Ethereum mainnet. You idiots didn't even know what you were buying. It runs on a network "based on Ethereum" which, by the way, means it will have all of the same issues when it comes time for scalability.

Fucking retards. I love how you idiots go and call other people the "newfags", too.

ETH2.0 is not live and is not out yet, LMAO. Almost none of it has been rolled out. Damn, you guys really don't know shit.

Yeah its annoying but that's eth. Don't listen to newfags. It'll go 3k soon.

>>29818915
>>29822360
>hyper high gas fees
gas fees are already being alleviated from solutions being rolled out and pressure being off the network. Eth is literally useable again already unless you are the absolute epitome of poorfag.

I did like 7 transactions and 4 stakes today, all the transactions were ~$7 and all the stakes were <$30 and I didn't even lowball the gwei they were all avg and done in less than a minute.

>>29818915
dot.eths cry harder, pathetic little rainbow cunts

>>29822798
WOW lol no you are completely wrong. You have no clue what you're talking about. God so many ETH fags in this thread doing reverse-FUD. Trying to pretend the fear on ETH is not legitimate.

Almost none of layer 2 has been rolled out. Almost none. Legit. To the extent that gas fees have dropped compared to last month (only very slightly and are still totally outrageous) it is simply because people are abandoning the network and starting to use other DeFi platforms that are available now and frankly just made on superior tech.

>>29818915
Because AVAX is killing it

>>29819979
>>29821140
This, I also tried it with the same results, STAY AWAY if you like money

>>29822798
This is not enough, sorry! If I want to withdraw my funds when volatility is high it should be a non issue

>>29818915
Because ETH is finished

>>29818915
So much eth fud. Moon soon.

>>29822927
I suppose I worded it poorly.
Fees have fallen off because solutions(L2, matic, etc) AND pressure being off the network(external solutions bsc etc.)

>>29818915
ada is the captain now, all aboard ss cardano faggots we're going to do shit in africa and be rich

>>29819456
This.

The sleeping giant is waking.

>>29822927
>>29822798
>>29818980
>>29821140
opera network...hello

>>29818915
This bull run showed no one wants to pay hundreds of dollars in tax fees and that ETH should remain a double digit shitcoin

>>29823114
So I did a little research into MATIC, which is what he's claiming you can use ETH layer to on, and MATIC doesn't even run on the ETH website, lol. They're using a protocol "based on ethereum" and they're calling it "MATIC network layer 2". LMAO and basically the fees are low because of low volume. Just as ETH had low fees before there were tons of people using it, now this MATIC is low because almost nobody uses it cuz it's a low market cap coin.

ETHfags are dumb. These retards literally didn't even know what they were buying. They saw "based on Ethereum" and "MATIC layer 2" and thought it was Ethereum 2.0. They didn't understand the very basics of the technology. Then they came on here and called me the "newfag" for saying ETH has high gas fees. LMAO. You CAN'T make this shit up. Like these are the people FUDing good coins and making threads and sharing their opinions and ultimately even driving up the price of ETH right now.

>>29818915
What a heckin pupperino!!!!

>>29823114
So I did a little research into MATIC, which is what he's claiming you can use ETH layer to on, and MATIC doesn't even run on the ETH network, lol. They're using a protocol "based on ethereum" and they're calling it "MATIC network layer 2". LMAO and basically the fees are low because of low volume. Just as ETH had low fees before there were tons of people using it, now this MATIC is low because almost nobody uses it cuz it's a low market cap coin.

ETHfags are dumb. These retards literally didn't even know what they were buying. They saw "based on Ethereum" and "MATIC layer 2" and thought it was Ethereum 2.0. They didn't understand the very basics of the technology. Then they came on here and called me the "newfag" for saying ETH has high gas fees. LMAO. You CAN'T make this shit up. Like these are the people FUDing good coins and making threads and sharing their opinions and ultimately even driving up the price of ETH right now.

>>29819979
You still have to pay the layer 1 fee to move to layer 2. This is why projects they require ‘layer 2’ solutions will never get real adoption.

The block chain that makes it to the enterprise level will be scaleable from the beginning

>>29822691
>I just looked up MATIC and lol it doesn't even run on the Ethereum mainnet

you mean it runs on some kind of...second layer??

shoulda just deposited on AAVE

>>29823814
Dude seriously read what I wrote here if you wanna see how dumb these people are >>29823767
I didn't know anything about MATIC until he started talking about, so I looked it up. It doesn't even run on Ethereum, LMAO. It runs it's own network based on Ethereum and they cal it "MATIC network 2.0 LMAO.
So they just had no clue even what they were buying. They're fucking normies. Normies buy Ethereum.

>>29823903

you don't actually know what L2 is. keep your money in doge, retard.

i'm so sick of you retards complaining and talking shit about eth though you still hodling it. OK follows these simple step: go to uniswap.info type eth/usdc and swap your eth for usdc, all of you complaintards do that so we can accumulate more.

>>29823849
WOW holy shit. You have no clue, do you?

Dude IT DOESNT RUN ON THE ETHEREUM NETWORK AT ALL. ITS TOTALLY SEPARATE, YOU FUCKING RETARD. ITS NOT A LAYER OR ANYTHING (WHATEVER YOU EVEN THINK THAT MEANS)

YOU WERE CLAIMING "YOU DON'T HAVE TO PAY GAS FEES ON ETHEREUM BECAUSE YOU CAN USE MATIC" MATIC DOESN'T EVEN RUN ON THE ETH NETWORK. IT'S AN ENTIRELY DIFFERENT THING AND THE REASON IT'S FEES ARE LOW ARE BECAUSE IT'S A SMALL CAP COIN AND DOESN'T NEED TO SCALE. LMAO. HOLY FUCK.

HOLY SHIT NORMIES GO HOME.

>>29823985
HOLY SHIIIIIIIIIIIIIIIIIIIT dude wow. Just wow. Amazing the lengths that retards will go to on the internet to avoid just admitting they are wrong and didn't have any clue what they were talking about when they first spoke up.

>>29824032
Is someone paying you to bait this hard, or are you legitimately learning-disabled?

>>29818915
ETH is meant for weekly and monthly Tumbling at this point

Too bad it's about to be replaced by Algorand

>>29824100
Holy shit, fuck you people. Oh my god. Someone comes on here and says something that is beyond blatantly retarded and just factually, provably, 100% wrong and you retarded faggots are all tripling down on it.

>>29823767
You don't even know the difference between Ethereum 2.0 and layer 2.

>>29824032
dude it does run on ethereum shut the fuck up with your pedantic retardation. It's a fucking ethereum project and it's bullshit the fees are stupid and you have to wait forever.

>>29824185
You people are fucking awful. You just won't admit you were either full of shit or too stupid to know what you were even buying.
YOU RETARDS CLAIMED THAT YOU "DON'T HAVE TO PAY FEES ON THE ETHEREUM NETWORK" (WTF SERIOUSLY) LMAO.
THEN YOU CLAIMED CUZ YOU CAN USE MATIC.
OK. MATIC HAS NOTHING TO DO WITH ETHEREUM. LMAO. IT DOESN'T RUN ON ETHEREUM. IT HAS NOTHING TO DO WITH LAYER 2.

YOU MISREAD THE FUCKING DESCRIPTION OF IT ON THE WEBSITE AND APPARENTLY COMPLETELY MISUNDERSTOOD THE PRODUCT THAT YOU ARE APPARENTLY USING AND INVESTING IN.

FUCKING RETARDED ASS NORMIES. AT THIS POINT ONLY THE MOST RETARDED OF NORMIES ARE STILL HOLDING ETH SO WHATEVER.

>>29824282
maybe you should read how it actually works. It's a layer2 and it runs on ethereum, look at the whitepaper. It's a perfect solution and whatever you're into is going to be irrelevant cause matic.

That's it, selling all my ETH for BNB

>>29824248
Great, so you admit you need to pay the eth gas fees, LMAO.
It DOESNT fucking run on the Ethereum network. I am reading about it right now.
So it's an "internet of blockchains" and it connects different blockchains. So you can connect to ethereum on it, but you have to pay all of ETHs stupid fucking gas fees on top of MATIC's fees. So these boomer normie anons are completely full of shit and had no fucking clue what they were buying.
People like >>29824185 and >>29823985 are just full of shit. Or quite possibly were genuinely too stupid to understand what they were reading and what they were buying.

>>29824388
I am reading it. It doesn't "run on ethereum" it runs entirely on it's own network and connects to different blockchains, which can include ethereum and you need to pay ETH fees + MATIC fees lmao. You faggots are arguing that "you don't have to pay ETH fees" and all this does is add in more fees.

Fucking pathetic.

>>29818915
Because of enormous inflation. Btc is based on asics which are impossible to acquire so miners hoard. Eth is mined by gpu and every joe can buy one, hashrate is increasing exponentially.
Just sell it for btc, rebuy xx% lower in several months.
The rest of 2021 is going to look this:
btc dumps - eth dumps more
btc pumps - eth pumps less
All because of eth miners dumping.

At the same it's the future and ethereum killers have no future, so the end goal is to accumulate eth by any means necessary. Speculate on ethereum killers if you think you can time the top. Selling for btc is the safe patient way, but the most you can expect is maybe 50%, 2x (~0.015) if there's extreme capitulation on eth's side.
The time to rebuy eth is when:
- miners are selling gpus on craigslist/ebay below msrp
- hashrate starts dropping
- price has stabilized
- this situation lasts for at least a month
If eth falls below $738 it's going to get massively sold in Nov-Dec for loss harvesting reasons, then rebought in January. That's what happened in 2018.

This is the last cycle ever where swinging eth makes sense. PoS comes in 2022. After that it's flippening time.

>>29824447
you realize you're just making it sound better and more powerful and that's going to make eth even better and more powerful.

>>29824507
Yeah bro, I'm totally making it sound better and more powerful because people are gonna wanna arbitrarily pay ETH gas fees on top of another shitty network gas fee.
Everyone is gonna wanna sign up for that. Sure.

>>29824549
Stop being poor.

>>29821307
Yes, AVAX bonus block killed ETH

>>29824601
I assure you I'm NOT poor cuz I invest in actual good coins.

>>29824629
what are your good coins then?

craig wright

>>29824974
It's already gone up kek.

>>29819193
I'm trying to get what little ETH I have out of the Aave lending pool, and the fee is like a third of the total amount. A few weeks ago it was actually more than the deposit. It's like a bad joke. I'm seriously considering just eating the loss while gas is still in the double digits and converting the ETH to something actually useful.

>>29824966
I've had everything, my entire portfolio other than a small bag I use for day trading, in Cardano. Wanna tell me I'm stupid? OK. Go ahead. Fact is that while EVERY other coin has been dumping I've been making bank. So tell me what a bad investor I am. Not only that, but I am in it long term. It is a great project and it's just the extreme beginning of this coin's run.

Now what is this with MATIC I am reading......they create a fake token on their network when you transfer something from ETH? Then burn it? So you don't even get a real token?
Dude, this project seems like something that is "cool in theory, but useless in practice" I mean who is gonna wanna use two networks and pay for 2 networks rather than just 1?

It's only real usecase I see is way down the line, when DeFi is really commonplace, IF there are multiple dominant DeFi coins then people COULD want to use this, but only in very limited circumstances. So it prob doesn't ever have the potential to be of true high market cap.

>>29823262
Listen here you dumb fuck. The world does not revolve around you and your $273 portfolio. For those of us who move more than pocket change this is good enough, and why the gas prices are higher than it was six months ago.

>>29825124
>>29825116
>Now what is this with MATIC I am reading......they create a fake token on their network when you transfer something from ETH? Then burn it? So you don't even get a real token?
Oh you DO get a real token because they create the fake token, then burn it, and they basically transfer the fees with the fake token coin.
OK.
Correct me if I'm wrong, but doesn't that actually mean you'd have to pay your ETH gas fees twice?
Holy shit, tell me that is not the case. IDK how it could be any different.
Jesus.
So 2 ETH gas fees (unless I am missing something here) + the MATIC fee, whatever that is.
Daaaaaaaaaaaaaaaaamn.
Yeah if you have a future where there are two dominant DeFi platforms, and you NEED to conduct payment from one to the other, then in those limited circumstances you could use this tech BUT everyone would avoid it like the plague.

>>29825124
this is the problem with a lot of defi projects: the devs have in mind some idealistic situation that COULD be great if the entire world was using crypto, when this is still decades away. the best (worst) example is probably PNK.

>>29825124
kek, Cardano is vaporware and doesn't even have smart contracts

>>29825345
It's actually NOT vaporware anymore, lol. Well not as of like 24 hours from now.
>>29825342
Yeah it mostly sounds "cool but no practical" to me.
Anyway, what I really don't get is what the deal was with the anon's earlier up in the thread claiming ETH2.0 was already out, and that you don't need to pay fees to use ETH anymore because of MATIC LMAO. Like WTF were they smoking? Were they just spreading blatant lies to try to protect ETH (which is gonna fall like a rock one way or the other at this point) or did they genuinely not understand the technology they bought?

>>29824064
Look at this guy all triggered, calm down incel I can hear you screeching and heaving for your breath all the way over here.

You’re wrong btw and your AVAX-bags will go to zero.

Also, you will never have sex unless you start taking showers and taking care of your body

Hodl you fucking idiot, i swear you retards fomo all the time and always buy peak. ETH is gonna moon as long term investment.

>>29825530
>"Blah blah blah, ur triggered, ur incel"
It's all so tiresome.
Also nice argument just "ur wrong" and that's that. LMAO. I can't believe that the new ETHtard line is literally "Achsually, ETH gas fees don't exist!"
LMAO, that is where we're at now. That is how far we've fallen. ETH fags are literally trying to convince investors that gas fees are a myth that don't exist.

>>29825435
>It's actually NOT vaporware anymore

>0 products
>0 network effect
>0 smart contracts
>$40b market cap
Surely this will end well.

>>29818915
They had years to work on scaling and they didn’t do a goddamn thing.
Fuck them.

>>29825688
It's officially NOT vaporware as of 24 hours from now. Sorry you're upset anon, that is just the unfortunate fact for you.

>>29824490
>After that it's flippening time.
Who's getting flipped though, eth or bitcoin?

>>29825888
Btc by eth.
Currently eth costs buyers billions of dollars per year because of mining. After PoS with 1559 it's going to generate billions per year. This is going to be the most drastic cashflow change in the history of crypto.
At the same time btc is going to get big dumps from miners as asic production is going to catch on to price eventually.

>>29825622
We are laughing anon.

Tell me, what do you think pussy feels like? What does it taste and smell like? I can promise you it’s all you dream of and more, but you will NEVER get to taste the forbidden fruit.

I don’t have time to write an essay on why you’re wrong, all the info is readily available one fucking google search away. Frankly, I’m to busy adding to my MATIC long, up 350% since yesterday but gotta get that momentum.

For me it’s enough knowing that you’re wrong, not going to make it and will forever be wanking off to hentai. Out of curiosity, how many empty cans of monster are littered around your room you little bitch?

>>29825877
I can't believe you fucking even lend 10 seconds to cardano, it's a scam project and charles satoshi wright is the biggest fraud I've ever seen. I can't believe he fucking has the audacity to claim he's satoshi. Fuck Cardano and fuck CSW.

>>29825329
You really don't understand how l2 works. You even mixed up l2 and eth 2.0 before which are two completely different things.

https://www.youtube.com/watch?v=BgCgauWVTs0

>>29818915
dont buy shitcoins.

>>29826590
These are the kind of people who buy into XRP and DOGE. They can’t be helped, better to just let them whipe themselves out, better for the space as a whole

>pic
So is this for real anons?

>>29826937
Yep

>>29819358
Where is the info about not paying gas fee anymore?

Just use Matic and Quickswap. And the upcoming Dark.Build Dex on Matic.

>>29826008
cringes

>>29819358
You made me check it, retard.
Nice bait, anyway.

>>29827763
Loser

>>29826590
>>29826731
You fucking people.
You understand the people I was responding to came into this thread and literally said "no you idiot newfag, you don't need to pay gas fees on ETH anymore!"
Right?
That is literally the retarded claim they made. That is the context of the discussion. So stop your bullshit.

>>29818915
Don't worry. Everything will dump Sunday, including ETH even more.

Eth is the main currency to swap for other coins, will always be in constant selling mode.

>>29818915
>cares about ETH
>wants to khs
>clearly is an idiot who doesn't know shit about stablecoins and APOLLO

>>29819738
>Who the fuck wants to invest in crypto that isn't even crypto
While I agree that it's against the spirit of what's going on here, crypto does not imply decentralized.

>>29828795
Crypto implies blockchain, which is decentralized. Yes/no?