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re: Official CryptoTalk Thread
Posted on 2/12/21 at 9:45 pm to Ron Cheramie
Posted on 2/12/21 at 9:45 pm to Ron Cheramie
She hadn't posted an update in a while on link. She just posted last night to hold link.
3
Posted on 2/12/21 at 9:46 pm to lsu777
quote:Dont gotta tell me
She just posted last night to hold link.
Posted on 2/12/21 at 9:52 pm to lsu777
Thanks baw. I haven’t gotten the hang yet to Navigating on discord
Posted on 2/13/21 at 4:32 am to lsu777
Dash has gone from 160 yesterday to 213 right now
Posted on 2/13/21 at 5:18 am to tduecen
I'm starting to look at external/wallet options after my scare with not being able to log into CB last week. I'm sure it's been discussed but what are some options? Thx
Posted on 2/13/21 at 5:52 am to TigeRoots
Ledger
Posted on 2/13/21 at 6:08 am to tduecen
so BTC is up 150% from all time high
defi coins built on ETH are up significantly
ETH "killers" are also up significantly
while ETH is only up 20% from ATH?
this could mean a variety of different things but interesting nonetheless
defi coins built on ETH are up significantly
ETH "killers" are also up significantly
while ETH is only up 20% from ATH?
this could mean a variety of different things but interesting nonetheless
Posted on 2/13/21 at 6:16 am to rocket31
quote:
could mean a variety of different things but interesting nonetheless
What are some examples?
Posted on 2/13/21 at 6:27 am to tduecen
Algo tanking after reaching a high of 1.86
This post was edited on 2/13/21 at 6:28 am
Posted on 2/13/21 at 6:27 am to WG_Dawg
ETH might be undervalued right now since everything else is exploding
ETH might be seen as too risky because of the transition to 2.0, where the defi tokens are seen as less risky in comparison
along similar lines people might be betting that ETH won't scale and one of the "ETH killers" will deliver
I have other ideas but those would be my main 3.
ETH might be seen as too risky because of the transition to 2.0, where the defi tokens are seen as less risky in comparison
along similar lines people might be betting that ETH won't scale and one of the "ETH killers" will deliver
I have other ideas but those would be my main 3.
Posted on 2/13/21 at 6:32 am to rocket31
Thanks. I've held a small amount of eth since 2017 and I'm waiting for it to explode. Hopefully your option 1 is correct ha.
Posted on 2/13/21 at 9:12 am to rocket31
quote:
while ETH is only up 20% from ATH?
this could mean a variety of different things but interesting nonetheless
Unlike Bitcoin, ETH was built on the promise of bringing apps to the DLT world. It's failed miserably to be the backbone of any useful apps at all, and that's due to it's fundamental design flaws. 2.0 is extremely speculative (I'm a huge doubter in the 2.0 roadmap). It's at the Bitcoin crossroads right now, but there is no ridiculous "digital gold" fallback plan for eth, unless they want to hype themselves as "Windows Vista of Crypto" or something.
On top of that, crypto "squares" are being taken for a ride on GAS prices right now. Every single day I watch people who don't understand GAS lose hundreds and of dollars trying to interact with DeFi services and bridges. The alternatives to ETH are so appealing right now for everyone, from exchanges to speculators and even squares. The promises of ETH 2.0 are not going to be enough IMO. They need a solution now, and I don't think they are going to approve the price fixing solution for mining fees.
This post was edited on 2/13/21 at 9:13 am
Posted on 2/13/21 at 9:22 am to WG_Dawg
quote:
Thanks. I've held a small amount of eth since 2017 and I'm waiting for it to explode. Hopefully your option 1 is correct ha.
I don't normally make price predictions, but if you look around the crypto world right now, everyone is pissed at the inefficiency of the ETH backbone. It's become impossible for small time owners to do anything with it because of the transaction costs. BitInfoCharts -ETH Tx Fees ($18+)
The problem ETH is facing right now is that unlike Bitcoin, it can't claim status as some kind of "store of value" (don't even get me started on Bitcoin's heel turn), because it exists to fulfill the promise of useful applications built on a blockchain. It's been a failure in the same way Bitcoin has been so far, because it wasn't built with a true path for scalability.
IMO, ETH is extremely overvalued. In a totally speculative market, "overvalued" isn't really a great description to use, because there are really no "mission complete" projects out there right now, but ETH hasn't even put forth a viable way out of the mess they are in yet. "ETH killer" projects look a lot better to a lot of people right now.
This post was edited on 2/13/21 at 9:23 am
Posted on 2/13/21 at 9:33 am to ChuckO1975
You sound like want to say DAG is the way...
Posted on 2/13/21 at 9:35 am to ChuckO1975
yea I mostly agree with your thoughts
to date, this bullrun is proving that there is growing skepticism of ETH and the timetable of 2.0 isn't even known so that fud will continue to grow
to date, this bullrun is proving that there is growing skepticism of ETH and the timetable of 2.0 isn't even known so that fud will continue to grow
This post was edited on 2/13/21 at 9:42 am
Posted on 2/13/21 at 9:37 am to Douglas Quaid
I thought about grabbing a bag of iota again but I have some PTSD from that onePosted on 2/13/21 at 9:40 am to Douglas Quaid
quote:
You sound like want to say DAG is the way
I'm supportive of IOTA, but don't think it's significantly less speculative than ETH 2.0. I do think the upside of IOTA is significantly better than ETH 2.0.
DAG has several advantages, but it's no magic bullet. There are blockchains designed to scale that run low/no fees that can compete with the roadmap of projects like IOTA.
In terms of making money on speculation, it's foolish to think Bitcoin and ETH won't be money makers, but I do think ETH is going to show signs of weakness based on its utter lack of usability right now. Bitcoin has been an pile of shite for years now and it's bulletproof. ETH won't be.
Posted on 2/13/21 at 9:44 am to rocket31
quote:
thought about grabbing a bag of iota again but I have some PTSD from that one
Lol, we all do.
IOTA foundation shot themselves in the foot, leg, and both arms for years, but CfB and Sonstebo are out now, and the growth has been conducted in a more mature fashion since mid 2019.
IOTA is valued appropriately right now, and I think it's a long term hold. I suspect it will see one major pump from some upcoming announcements, but will settle back into a fair value price when the bull run cycle is complete.
IOTA has so many diamond hands bag holders now after repeated catastrophes that it could quickly become unreasonably over valued. We will have to see I guess!
Posted on 2/13/21 at 10:15 am to rocket31
IOTA gave a LOT of people PTSD....myself included. I have a very large bag accumulated in 2017 at $0.3ish average price. Watched it run up to $5 and never sold. Still have nightmares about it and still holding strong.
From a risk/reward perspective now is a great time to get into IOTA.
From a risk/reward perspective now is a great time to get into IOTA.
Posted on 2/13/21 at 10:27 am to ChuckO1975
quote:
I do think ETH is going to show signs of weakness based on its utter lack of usability right now. Bitcoin has been an pile of shite for years now and it's bulletproof. ETH won't be.
yea, the next hot thing imo will be NFTs and whoever in the defi space markets that most effectively will be in a good position moving forward.
and youre right, BTC doesnt really need to do anything else but sit there in my accounts as a SOV so i can borrow fiat against it
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