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re: Official CryptoTalk Thread
Posted on 2/17/21 at 2:29 pm to CE Tiger
Posted on 2/17/21 at 2:29 pm to CE Tiger
an emotional response and a downvote from you, shocking lol
no one knows what will happen. eth is performing open heart surgery on it's entire ecosystem with undisclosed timetable to complete the switch.
I think bnb wins the space eventually, yea, but in most likelihood defi will be cross-chain.
Im not sure how long when this will all play out but CZ is much more savvy than Vitalik.
no one knows what will happen. eth is performing open heart surgery on it's entire ecosystem with undisclosed timetable to complete the switch.
I think bnb wins the space eventually, yea, but in most likelihood defi will be cross-chain.
Im not sure how long when this will all play out but CZ is much more savvy than Vitalik.
Posted on 2/17/21 at 2:32 pm to rocket31
Do you think someone holding eth should go ahead And sell or hang on for a while? Just your opinion, I know it's not professional advice and to make my own decisions
Posted on 2/17/21 at 2:34 pm to WG_Dawg
I think there is still big money to made in eth
but I also think there is bigger money to made elsewhere (this has played out like I thought since I brought it up a few weeks ago)
my overall point is that it should not be considered a long-term investment at this point. that might change
but I also think there is bigger money to made elsewhere (this has played out like I thought since I brought it up a few weeks ago)
my overall point is that it should not be considered a long-term investment at this point. that might change
Posted on 2/17/21 at 3:05 pm to rocket31
quote:
downvote from you,
I don’t think I have ever used the upvote /downvote function
Posted on 2/17/21 at 3:19 pm to rocket31
yea I am not worried about ETH its not going anywhere. would be nervous with that 2+ year lockup though dodged a bullet there
Posted on 2/17/21 at 3:40 pm to WG_Dawg
quote:
Do you think someone holding eth should go ahead And sell or hang on for a while? Just your opinion, I know it's not professional advice and to make my own decisions
You didn't ask me, but I'll offer an informal opinion that in no way represents financial advice:
ETH cannot he considered a long term play because it has no definite pathway to becoming a platform for smart contracts. Could it succeed? Yes. I don't think it will, but it could.
That said, nobody is investing in ETH because of what it offers. They are investing because they want the price to go up. It will probably do that.
I would personally diversify gains from ETH into a variety of more promising protocols rather than sit on it like a coke stock or something.
On that note, you have to be prepared to follow these projects as they go. You could wake up one day to find yourself holding coins for a dead network with no recourse.
This post was edited on 2/17/21 at 3:41 pm
Posted on 2/17/21 at 4:04 pm to ChuckO1975
Why is it that almost every cryptocurrency i see it's something ethereum based. Would it be that easy for them to just pack up and leave once they realize this one is way better?
Crypto noob here, so I may just be confused af
Crypto noob here, so I may just be confused af
Posted on 2/17/21 at 4:09 pm to 21JumpStreet
you are not...ETH has 1st mover adoption and that is enough. not going anywhere but up with the rest of market
Posted on 2/17/21 at 4:28 pm to 21JumpStreet
TBH, I think that is the only reason ETH is at the level it is today. It isn't very easy to move chains, so like the poster above said, they have a strong 1st movers advantage. Otherwise, due to the shakiness of ETH 2.0, I believe they would have lost some projects by now.
Full disclosure, I still own ETH and haven't considered trading it over to BTC yet.
Full disclosure, I still own ETH and haven't considered trading it over to BTC yet.
This post was edited on 2/17/21 at 4:29 pm
Posted on 2/17/21 at 4:28 pm to SUG
quote:
ETH has 1st mover adoption and that is enough. not going anywhere but up with the rest of market
Exactly . There is very little development on all these Eth killers. You think people would be paying $200+ in gas if all these other chains were offering a better option? Chainlink is going to make Eth much more manageable with their Off Chain Reporting and threshold signatures
Posted on 2/17/21 at 4:36 pm to CE Tiger
except for DOT, massive ecosystem already imo. not an ETH killer as there will be ample space for both but if you gotta label one a killer theres my chip
Posted on 2/17/21 at 4:37 pm to CE Tiger
I think to think of the Eth debate like the AOL platform before google arrived.
1st mover advantage is a big deal. AOL still exists today and is doing well considering.
It just so happens something better came along.
ETH 1.0 has major flaws. 2.0 is "said" to fix these, but honestly, Cardano looks like it will have smart contracts out before 2.0 gets anywhere. Then you have the other competitors.
I dont think it is a zero sum game. I think ETH will be around. I think competitors will come in and take some share, apps will move, but I can see it existing like AOL, Yahoo, Google does today. We just wont know who the "google" will be. ETH 2.0 could fall on its face for all we know or be glorious.
1st mover advantage is a big deal. AOL still exists today and is doing well considering.
It just so happens something better came along.
ETH 1.0 has major flaws. 2.0 is "said" to fix these, but honestly, Cardano looks like it will have smart contracts out before 2.0 gets anywhere. Then you have the other competitors.
I dont think it is a zero sum game. I think ETH will be around. I think competitors will come in and take some share, apps will move, but I can see it existing like AOL, Yahoo, Google does today. We just wont know who the "google" will be. ETH 2.0 could fall on its face for all we know or be glorious.
This post was edited on 2/17/21 at 4:38 pm
Posted on 2/17/21 at 4:46 pm to JayDeerTay84
quote:
reminder : during the 2017 bullrun, ETH did a 25.6% dominance and XRP did 24.5% dominance.
This post was edited on 2/17/21 at 4:49 pm
Posted on 2/17/21 at 4:50 pm to 21JumpStreet
quote:
Why is it that almost every cryptocurrency i see it's something ethereum based. Would it be that easy for them to just pack up and leave once they realize this one is way better?
Well, ETH was the first attempt at a smart contract platform on a distributed ledger, and they were the first to sell pre mined tokens and keep the profits, so it attracted a lot of developers early.
Devs are moving to other, better chains every day. ETH dominance is not some permanent feature.
Posted on 2/17/21 at 4:51 pm to SUG
quote:
not...ETH has 1st mover adoption and that is enough. not going anywhere but up with the rest of market
1st mover advantage isn't the end all,be all. Especially when your platform is broken.
This post was edited on 2/17/21 at 4:53 pm
Posted on 2/17/21 at 4:54 pm to JayDeerTay84
Agree with your position
It should be noted that actual usefulness and development doesn't impact token prices. If we based our financial decisions on that, Bitcoin would have died years ago.
It should be noted that actual usefulness and development doesn't impact token prices. If we based our financial decisions on that, Bitcoin would have died years ago.
Posted on 2/17/21 at 5:34 pm to JayDeerTay84
quote:
ETH 1.0 has major flaws. 2.0 is "said" to fix these, but honestly, Cardano looks like it will have smart contracts out before 2.0 gets anywhere. Then you have the other competitors.
I dont think it is a zero sum game. I think ETH will be around.
right. so it would be logical to assume that the marketcaps of these projects would likely meet around the same end point eventually. which makes me think that others have a lot more to gain, for now.
Posted on 2/17/21 at 6:42 pm to rocket31
quote:
likely meet around the same end point eventually.
Unless it has no users. Binance is the exception because it built a user base and made their smart contract chain on top of the exchange. No one is using these other Eth killers.
Posted on 2/17/21 at 6:57 pm to CE Tiger
Well Cardano is about to onboard people in Africa and if I am not mistaken Celsius App runs on it and singularity as well.
I’m invested in all of them and I’ve had much bigger gains in ADA.
ETH needs competition IMO. It’s a good thing. I’m not hating on it at all FYI.
I’m invested in all of them and I’ve had much bigger gains in ADA.
ETH needs competition IMO. It’s a good thing. I’m not hating on it at all FYI.
Posted on 2/17/21 at 7:39 pm to JayDeerTay84
Anyone interested in digibyte? It seems to be moving recently. Looks like a partnership with Microsoft as well upcoming. That and everyone’s favorite HUMBL.
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