ETH gas fees have dropped dramatically and have stayed down for a couple days. Something about a new kind of bot that made an old kind of gas-increasing bot unprofitable.
Great to see MATIC and a few others pop. Sad to see people getting shaken out of their positions by manipulators, but that’s what they get for not knowing who the sucker at the table is.
Eth at 3k. Vitalik, who started eth at 19 is now the worlds second youngest self made billionaire at 27. Last week I asked my wife if I can buy a Rolex if eth hits 10k. This week I’m gonna ask if I can buy a lambo to drive one the moon
https://etherscan.io/address/0xab5801a7d398351b8be11c439e05c5b3259aec9b
But if you hodl, you can buy multiple rolexes next year. 😁
ETH has been on a great run recently, and it looks like its only going in one direction.
DOGE been pumping again overnight
I don’t worry about ETH one bit. It’s the center of the crypto universe. Predicting its demise based on high fees is like predicting a restaurant will fail because it’s too busy to get a table, or predicting a band will fail because all of their shows are sold out and you can’t get a ticket. Other blockchains build bridges to the Ethereum network, Ethereum doesn’t have to bother building bridges anywhere.
imo, of course. But if ETH isn’t king, what is?
Definitely true but I had it back in 2017 or whatever when it went from double digits to 2k back down to 180, you don’t forget things like that. I know this is a different era for crypto especially something like eth the most used blockchain but it’s kinda stuck in my brain.
I don’t see us having that big of a crash as we did in 2017. Even if it is a bubble, I think we’re still at the very, very beginning stages of it. Crypto is now more widely adopted with institutional buying, and it’s becoming more mainstream (even though less than 50% of people out there are interested/investing in it). A good time to start worrying would be if your Aunt Susan is asking how to buy ETH, ALGO, and Tether and where to get a wallet.
With Ethereum, I’m going to wait until July to even consider selling. No point with all the news and build up to 1559. Could we see ETH at $10k EOY? Possibly, but that’s very wishful thinking. No matter what, I’m holding until summer, and will reassess then.
Oh yeah definitely tbh I have no exit strategy at this point especially since I have much of it locked up staking. I also don’t foresee such a major crash like 2017 just saying it’s burnt in my brain having gone through it.
Exit strategy? What’s that? Just a fancy phrase that means to keep buying more, right? 😁
I don’t worry about ETH one bit. It’s the center of the crypto universe. Predicting its demise based on high fees is like predicting a restaurant will fail because it’s too busy to get a table, or predicting a band will fail because all of their shows are sold out and you can’t get a ticket. Other blockchains build bridges to the Ethereum network, Ethereum doesn’t have to bother building bridges anywhere.
imo, of course. But if ETH isn’t king, what is?
Bitcoin. Whilst everything you say about ETH is true the issue is there is unlimited supply. The maximum supply of BTC (without taking into account those coins lost) is 21 million. BTC is also increasingly seen by institutional investors as the crypto base coin and the one all others are measured against. They are very different propositions but I believe BTC will be the long term winner.
Well true but with the EIP upgrade eth will become a deflationary coin with the burn so it is a work in progress while bitcoin is not. I’m not arguing one is better than the other I can’t quite get my mind around eth growing at 1,000 usd a week the last few weeks it is beyond me. I keep thinking a correction is due and no doubt it is just who the hec knows when, I guess the answer to the question is HODL see what happens. I wish them both well.,
I can’t quite get my mind around eth growing at 1,000 usd a week the last few weeks it is beyond me.
All the central banks are looking to release their own fiat digital currency which will normalise crypto
Bitcoin. Whilst everything you say about ETH is true the issue is there is unlimited supply. The maximum supply of BTC (without taking into account those coins lost) is 21 million. BTC is also increasingly seen by institutional investors as the crypto base coin and the one all others are measured against. They are very different propositions but I believe BTC will be the long term winner.
My understanding is CBDCs and cryptocurrencies don't really have anything to do with each other.
My understanding is CBDCs and cryptocurrencies don't really have anything to do with each other.
That’s certainly one way of looking at it, and maybe what we actually disagree on is what being the king actually means. I think BTC is the granddaddy of crypto, and crypto gold, but gold isn’t the king of traditional finance and BTC is no different in the crypto world. It sits the and does almost nothing. What it does do, it does excruciatingly slowly.
The institutional investors you reference are piling into ETH because it’s the backbone of crypto finance. It has a use case that goes far beyond sitting in some forgotten reliquary like everybody’s BTC stack does. A use case that includes being the network that supports almost all financial activity in the crypto space. That’s what looks like the king to me.
Don’t get me wrong. I love my stack of BTC. I gaze at it fondly as it sits there doing absolutely nothing, just like a nice stack of the shiny stuff.
