/biz/ - Business & Finance

[Anonymous No.18916744]

>btc pumping
>eth not just losing sats but fiat value as well
sub 200 soon. "muh 2.0" ain't worth shit.

[Anonymous No.18916766]

>>18916744
Fuck ETH... I on leverage also have to pay interest Fuuuuuck

[Anonymous No.18916786]

>>18916766
it's literally truly over

[Anonymous No.18916819]

sub 200 already, jesus christ this is falling like a stone

[Anonymous No.18916877]

why do shitcoins exist BTC can do everything better and is digital gold. Everthing else is just a copy.

[Anonymous No.18916900]

FUCKING GOD DAMNIT

[Anonymous No.18916904]

AHHHHHH FUCK FUCK

[Anonymous No.18916914]

>>18916877
Really. I can run a smart contract on Bitcoin, today? Fuck off retard.

[Anonymous No.18916941]

>>18916877
I know you're trolling but BTC has constant unacceptably large network congestion and astronomical transaction fees for a cryptocurrency

[Anonymous No.18916945]

>>18916877
ever heard of smart contracts and proos of stake. Bitcoin not having the two best things in crypto will be its downfall

[Anonymous No.18916953]

OHHHHHHHHHHHHHHH BTC

[Anonymous No.18916954]

>>18916877
>Not Turing-complete
>No DeFi
>No Dex
>No stablecorns
>Slow af
>No control over tx fees

[Anonymous No.18917030]

THANK YOU GOD
Had my 6x shorts down 40% at worst as i held throughout the since sunday night and were SO close to closing at a loss.
Always stick to the plan. It'll work out in the end.

[Anonymous No.18917081]

>>18916877
punctuation how does it work I'm a genius fuck your alts

[Anonymous No.18917122]

>>18917030
Haha you just got in there early. I've been looking for the signal to open the short for days now but I've just not quite seen it yet.

[Anonymous No.18917253]

>>18916941
LN

[Anonymous No.18917385]

>>18917253
not even close to an acceptable working solution

[Anonymous No.18917405]

>>18916941
The congestion problem is actually getting better.
Fewer transactions.

[Anonymous No.18917452]

>>18916744

this coin has fucking ruined me.... held through the bubble of 17 and pretty much breakeven right now

talk about another level of JUST - would have done better with pretty much any other asset. this fucking scam is either highly undervalued or its worth nothing theres no inbetween

[Anonymous No.18917480]

>>18917253
>>18917405

bitcoin is still worse technology though. its only a matter of time before eth eclipses the corn.

inb4 muh tezos muh cardano

eth is the only competition to bitcoin long term because all those other smart contract coins are wash trading scams

[Anonymous No.18917492]

>>18917405
If we kill or enslave the vast majority of the population scaling will never be an issue again boom problem solved

[Anonymous No.18917496]

keep selling so that I can get more cheapies

[Anonymous No.18917499]

>>18917480
bro maybe you should just learn what the top 20 coins do before you go spouting this shit

[Anonymous No.18917508]

>>18916954
>nobody cares

[Anonymous No.18917545]

>>18917499

lolwut, is that an argument?
I've been in crypto since 2015 I think I know what every coin does faggot. I even bought 150btc on localbitcoins but didn't hold em all due to weak hands although that would have been nice.

ethereum is the only chance of bringing crypto mainstream argue against that you sped

[Anonymous No.18917546]

>>18917385
From the specs I’ve seen it seems very promising for smaller transactions which is exactly the problem that needs to be solved. If you want to move larger amounts just put it on the main chain.

>>18917480
I don’t have a problem with etherium just ETH. If you want a store of value (which is by far the best use case of cryptocurrency) just buy bitcoin. Its the standard with by far the largest hashrate and nodes. You can even buy it on the etherium network now.

[Anonymous No.18917567]

>>18917508
T.Legal Retard.

[Anonymous No.18917592]

>>18917546
eth is going to appreciate in value pretty fast when phase 0 launches. They are estimating around 5 million eth staked. This eth cannot be put back into circulation until 2.0 is officially launched. They're also going to cut supply and supply inflation drastically. It's going to be good for everyone. eth easily could hit 500 this year

[Anonymous No.18917596]

we're comin back

[Anonymous No.18917618]

>>18917596
:)

[Anonymous No.18917625]

>>18917546

its ethereum not etherium. store of value that loses 50% when stocks tank?? listen, I used to be a btc maxi and still think it could eat into golds marketshare for store of value but bitcoin is still highly volatile and it is really only valuable because people believe it to be. there is no underlying utility that drives organic demand for the coin. that is not healthy.

if eth succeeds then the demand for it will be far more healthy making it a much better store of value since it will constantly be needed for powering web3

[Anonymous No.18917709]

>>18917567
>pink wojak
I have 5 Eth, but it doesn’t change the fact that nobody cares because it’s not NormieCoin™

[Anonymous No.18917744]

>>18917545
>all those other smart contract coins are wash trading scams
Any evidence at all? Doubt it. Also if you think ETH can handle all the use cases of smart contracts then you weren't paying attention the last few years.
>>18917546
Payment routing problems, it necessitates centralized watchtower nodes, adoption isn't that high

[Anonymous No.18917759]

>>18917744
ETH alone*

[Anonymous No.18917765]

>>18917709

I'd tend to agree with you on this. btc is probably 100x more likely to be discussed at a dinner table compare to ethereum. does this make ethereum undervalued? probably not. I think it just means btc is overvalued.

ethereum has had its own struggles due to ICOs dumping on normies and no cap to inflation but I think the stars might just align for 2.0 to shift the narrative

also, the smart money heading into defi is clear as day

[Anonymous No.18917791]

>>18917546
Ln still doesn't solve the problem it just kicks the can. Eventually tx fees will be too high to open channels

[Anonymous No.18917849]

>>18917744

well I mean cryptokitties failing was concerning I'll give you that but that really shouldn't have been a surprise if you understand ethereums limitations.

2.0 will alleviate these scaling issues. also, going back to the wash trading I mean every coin is victim of this. perhaps the bigger red flag is that dApp usage on ethereum competitors seems fabricated. it doesn't take a genius to see that the best projects are choosing eth

[Anonymous No.18917935]

>>18917849
Smart contracts also need to be able to interface with off-chain data, they can't do it natively. They utilize the chainlink network as the industry standard for decentralized secure reliable data feeds.

[Anonymous No.18917936]

>>18916744
Crypto is technology. in Tech, number 2 can never ever beat number 1 unless number 1 screws up so royally that they totally deserve to die.

[Anonymous No.18917970]

>>18917744
>Payment routing problems
too vague
>it necessitates centralized watchtower nodes
I know theres a bunch of kind of wierd rules to stop people from cheating the system, but again small transactions should be fine with less security.
>adoption isn't that high
Adoption doesn't matter so much based on how it works. Less people using it would actually make it work faster since theres less channels to traverse/less points of failure assuming the network is scalefree.

There's also some interesting things like if transaction fees go up a lot a bad actor can try to steal your bitcoin since the collateral that facilitates transfers of bitcoin through the payment channels are rendered out refund transactions. And you can't change the fee since its immutable because the hash is signed. So potentially you won't be able to broadcast that refund transaction if the network is too congested and your transaction expires. I don't know how feasible this ends up being since I haven't looked extremely deeply into how the network functions. But Tadge even admits it in the MIT lectures he did. So that is to say its far from perfect, but I think its workable and no big attacks have happened so far.

[Anonymous No.18918061]

>>18917935

I don't see a problem with this, though. I believe I read somewhere that vitalik was looking into ways of implementing oracles to becoming a native part of ethereum.

>>18917936
that's a foolish oversimplification though fren. do you really think bitcoin will gain adoption faster than etheruem? I'd argue the cards are stacked against it in many ways. where will all the new money come from to grow bitcoin and will it all oblige with the store of value narrative? seems doubtful the kings reign will be forever

[Anonymous No.18918102]

>>18917970
Bob wants to pay Alice 1 BTC but Bob and Alice don't have a channel open with each other.
Bob does have a channel open with Carol, and Alice also has a channel open with Carol
To route the payment, Bob sends 1 BTC to Carol, and Carol then sends 1 BTC to Alice

This would be how most LN transactions go if adoption was super high. Bob doesn't have to open a new channel for each new payment because it can route through existing channels (and this would presumably be true for most transactions).

>>18918061
It's way more complicated to develop a secure way to get off-chain data onto the blockchain than you think. There's so much that can go wrong with centralized feeds and creating a decentralized network and ecosystem can't happen overnight.

[Anonymous No.18918311]

>>18917936
Intel beat AMD when AMD was 1 and Intel was 2. now AMD is beating Intel when Intel was 1 and AMD was 2. why is this happening? its simple. AMD has better tech and is thus better, more powerful, and overall the logical and no brainer choice over the power hungry, ineffective, and expensive intel

wait a second, thats literally eth vs btc

[Anonymous No.18918488]

>>18916941
The average btc transaction is 55k usd a fee of 2 usd is irrelevant.

The power of btc is in the long term consensus used , while on eth people don't even know what the supply will be , hell they can't even be sure when eth 2.0 will come.

[Anonymous No.18918735]

>>18918311
Bitcoin fee is almost 0 now thanks to many technological advancements, and i heard bitcoin can implement smart contract just like eth did.

intel beat amd because amd was making garbage bulldozer cpu.

amd beat intel because they made ryzen while intel price gouged consumer with "superior" single core performance CPU that is must have for any video games.

as you can see, number 1 made royal mistake. if number 1 didnt make mistake (eg. intel make ryzen type cpu with better single core performance and reasonable price) then number 1 will never be beat

[Anonymous No.18918807]

>>18918488
If you studied statistics you'd know that using averages is terrible because they're thrown massively off by outliers, look at the median transaction size and the percentage of it that goes just to fees

[Anonymous No.18918834]

Bitcoin is a ponzi popular with normies, eth is a share in a smart contract network that has smart people buy it based on future adoption predictions.
Eth can be worth trillions because if it works out, institutional money will pour in by the billions to stake. Bitcoin can't, mining is too expensive.
The market can support the current bitcoin mining expenditures, so at best with each halving it goes 2x. It went up previously not because of smaller inflation, but because it got more popular. Now even street workers in Mumbai know about bitcoin. The saturation is complete.
Arguably, eth is valued fairly due to uncertainties and btc is just crazily overvalued.

If eth2 pans out, it flips bitcoin not from retail money but from institutional money. Then bitcoin loses retail money as being 2nd is seen as a failure, pumping eth even more and collapsing price of bitcoin.
Due to this mechanism the flippening won't happen until at least mining in eth is gone. When it happens it's going to be violent and most won't escape from bitcoin in time.

As to why eth is dropping now, speculators are ostensibly selling into btc for the halving.

[Anonymous No.18919752]

>>18918834

Just checking back on this thread. This is wise advice, and I agree completely with you. The saturation for bitcoin really is complete. Institutional investors have turned their back to bitcoin and this makes sense to me for the reasons you outlined.

definitely might take your word for it that speculators are pumping into btc for the halving. might toss some bones into it and ride the wave

[Anonymous No.18919770]

>>18916744
You're a fucking idiot if you sold at this point, honestly.