/biz/ - Business & Finance

I bought at $540

JUST

>>8563176
if you bought only 1 then you should be fine...

>>8563196
just buy 1 more at 300 to average down

>>8563167
ETH is basically in its own league so if it's fucked then everything else is too

Should be going down to 450 pretty soon

>>8563196
>if you bought only 1 then you should be fine...

>everybody on twitter saying "eth is looking bullish!"

Dump it.

>>8563223
Everything is fucked.
It can't replace money because people actually like the ability to go to the bank and get a refund after they get scammed.
It can't run smart contracts because anyone interested in that sort of thing is unwilling to do it on a decentral network where they're not in complete control.
It can't run DAPPS because nobody in their right mind wants to pay to use the network.
The steam is running out of ICO's because none of the billion dollar projects have actually delivered anything.

Crypto is a scam, and people are waking up to it.
I mean, ETH is going to inspire government and banks to build their own smart contracting systems, where they run things on a blockchain they control and offer opacity through a few public nodes.
IOTA and BAT are probably going to inspire Google type companies to utilize a new app network - but it won't be a decentral system where unimportant shit heads from /biz/ get any say or any investment possibility.

We're already seing it now. Maersk is basically doing container claims on a private blockchain. Sweden is launching the real-estate registry on a private blockchain this year.
That's the future of blockchain, they could have used ETH, but why would they when they can just make their own?

>>8563319
>It can't replace money because people actually like the ability to go to the bank and get a refund after they get scammed.
That's solvable with crypto banks offering insurance. You can't take back money from the scammer but you can give the customer back money to make up for it.

>It can't run smart contracts because anyone interested in that sort of thing is unwilling to do it on a decentral network where they're not in complete control.
I don't think so, there are a lot of parties that could benefit from using a single source of truth like a blockchain to remove middlemen.

>It can't run DAPPS because nobody in their right mind wants to pay to use the network.
Everything costs money. Eventually devs will be able to pay for their users' transactions and people will think they have free transactions.

>they could have used ETH, but why would they when they can just make their own?
Why use the internet when you could make your own private network? At some point it becomes a better use of business resources to use existing infrastructure.

>>8563386
>Why use the internet when you could make your own private network? At some point it becomes a better use of business resources to use existing infrastructure.
This doesn't make a lick of sense.
People didn't move to a decentralized cloud infrastructure and as such never gave up control of their shit.
If you use a decentralize database, you give up control over the data in it. If someone uploads child pornography instead of their tax record, you can never delete it without public consensus,
No company, bank or government is going to give up control even if they save money.

>>8563319

>private blockchain

this phrase makes no sense to me. Isnt a private blockchain just a database?

>>8563415
>Isnt a private blockchain just a database?
Not exactly.
Blockchain has some technical advantages traditional databases don't. Like doing bi-temporal record keeping, prototyping transactions or distributing on public nodes.

>>8563433
On top of this, it's easier to add numerous trusted parties.
Like with IOTA where VW and Bosch trust each-other, but wouldn't trust you or me.

>>8563415

>>8563412
>be business
>give up cost savings because someone might upload cp to the blockchain
I read the article about cp on the btc blockchain but I don't think that will ever be a real problem.

>tfw im all in on eth
>tfw i convinced my friends to go all in on eth

>>8563167
i dont hold eth

>bought 2 ETH at an avg buy price of 947

just bought 50 @ 495

>>8563952
bought for 50$ @850. Wanna trade bags nigger? Don't laugh it's goin to be zero Vitalik unironically said it himself (after that he wrote autism posts about day light saving; god i hate this f uckin coin so much right now).

>>8563235
kek

we did it bros we finally ended this pedocoin :D

>>8564047
5k EOY screen cap this

I bought at 300 and let it sit there.
Yeah, I saw when it went under 1k, and 900, and 800. I sincerely got nervous after 500 so I guess I'm selling and buying back after it goes under 400

>>8563952
Man I started selling at that price point, work on your sense of risk/reward.

>>8564561
I FOMO’d in late December I deserve this just gonna hold these bags for a year or two and hope they don’t go to zero.

>>8564135

It has no CAP you autists, in a few decades there will be 150 million Ethers, why would you buy something that will inflate by 50% during your lifetime, just hodl fiat.

>>8564877
You are extrapolating from the current mining rate. Everyone knows the emission rates are going to be cut, and they are even putting in sinks. If that’s the differencemaker keeping money from coming in, then you best buy because you have inside info.

>>8564877
The mining reward will be cut until it's basically microscopic. The logic is to keep miners in the game and offset permanent ETH loss by human error - that's it.

Don't panic, strong support at $80.

>>8564877
>50%

>>8565272

>>8565266
There really is though. Huge support at $48, $80, $110, and $300. I should know. I thought that was the top. Over and over and over again.

>>8564877
You're right ETH real value is 300$, the price vitalik always said it would be and the price he sold.

>>8564075
this thread is about ethereum, not EOS

>>8564818
Learn some basic TA, it'll go a long way. If you're going to go for the long term bagholder method then just wait for it to level out and for people to forget about it and then average down with a couple more purchases. I don't think it'll take more than a few months to get back to where it was at ATH.

>>8565287
who gives a shit anon, if you think we have already found within 50% of the 2050 price you are larping to yourself

>>8564877
I know you're probably being ironic but Fiat will inflate 500% in our lifetimes and that's if you believe the system isn't going to collapse under horrible mismanagement.

stick your eth in the pyramid and at least recover the loss by earning dividends. all you need to do is shill it to everyone.

>>8565793
Are there still youtube niggers buying up cryptoponzis?

>>8565972
probably. the contract is over 2600 ETH and growing daily.

buy some and collect rent
https://cryptoburrito.co/burrito

>>8563176
I've sold at $610.

>>8565367
Once ETH switches to PoS it will gradually go down to $30-$40 and stay there.