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/biz/ - Business & Finance

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17766855 No.17766855 [Reply] [Original]

Is it over? Can i buy in? I saw eth pumping hard earlier.

>> No.17766867

>>17766855
Why would you go into ETH of all coins right now??

>> No.17766886

>>17766867
What is best to get into?

>> No.17766895

>>17766855
Eth network also shit the bed and showed it can’t handle real congestion. I would stay away from it and other erc tokens. Btc is unironically the safest bet at the moment

>> No.17766908

>>17766895
>>btc

>>>>>>>>>>>>>>>>>>>>safe

>> No.17766916
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17766916

we'll all be dead by the time it's safe to buy in again

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

>> No.17766921

>>17766855
I just bought a small bag of litecoin

>> No.17766933

>>17766895
how did ether and it's wider network shit the bed?

>> No.17766961

>>17766921
>buying litecoin
why do retards do this?

>> No.17766967

>>17766933
Apparently someone exploited MakerDAO to open 0$ contracts and steal 4 millions.

>> No.17766994

>>17766961
it did not depreciate as much as bitcoin, and personally I made gains on Litecoin back in 2017 so I'm partial to it. I don't see what the issue is, plus if I want to send it somewhere I can do it quickly. I don't see why it's worse than btc or eth as store of value

>> No.17767012

>>17766908
>any crypto
>>>>>safe
>>17766933
Just look at what happened with makerdao, that spells wider implications for many other erc tokens but specifically has revealed a major shortcoming in the ethereum network

>> No.17767040

>>17766961
stay poor lmao

>> No.17767058

>>17766895
BTC handles congestion even worse than ETH, though, and doesn't even have a fundamental value proposition apart from "muh scarcity," which in and of itself doesn't actually create value.

>> No.17767100

>>17767012
is it not possible to fix this shortcoming? To me it seems more like a specific problem due to extremely high frequency transactions combined with someone who hacked or exploited this bug

>> No.17767106

What are some coins to look at then? I dumped some money into xrp cause it’s cheap

>> No.17767133

>>17766961
Imagine not owning at least 100 LTC.
NGMI.

>> No.17767134

>>17767058
I’m not saying bitcoin is fundamentally superior, it’s just the crypto that i feel institutional investors are likely to enter back into. Especially seeing that the other main alternative caused some people to make off with 4mil and almost forced the shutdown of an entire network in the DeFi ecosystem, and not just any network but the currently largest one in it. Bitcoin may have its flaws, it might be slow and might see high transaction fees but I don’t recall seeing it have a failure of that sort, closest thing was that in peak 2017 some transactions would take hours. But that’s still not as arguable bad as what happened with ETH which showed that its network as is cannot handle large price drops

>> No.17767170

>>17767100
Probably is but as far short/medium term goes it might scare off institutional investors and maybe scare off people who directly lost money because of it. I just think bitcoin for the moment is the safest one, not saying it’s necessarily the best crypto or whatever, though eth and btc aren’t really that comparable since they serve different purposes but as far as price action goes I feel btc might be stronger or at least more stable in the coming weeks

>> No.17767406

>>17767170
>least more stable
Literally this. Take a look at the 1m chart of the last 12h. Eth is the most unstable coin rn