Current Events > New ATH for Etherum. Over $1,500 now.

(+) Yeah! (+)

How high will it go?

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Future_Trunks posted...

why's it pumping

I can't say for sure, but there has been a recent increase in meme investing and there's a lot of fun stuff you can do with Ethereum and trading. I recently started making leveraged purchases. Can't wait to get rekt!

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I'm waiting for a big eth dip to buy more. It's been a great investment


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$16,000

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i hope defi adoption is taking off

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I have like .32 of an ETH. Bought it years ago at 375 and now I have like 600 bucks.

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I bought 2 Ethereum back in 2017 when they were worth about $200. Sold 1 after it became worth a little more than double to ensure that I turned a profit no matter what. Held onto the other ever since, and I'm glad I did. Though I'm probably going to continue to hold it for the time being.
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Future_Trunks posted...

what's leveraged purchase? is this like trading on margin? @EndOfDiscOne

I took out a loan using my cryptocurrency as collateral, and used that loan to buy more crypto

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what does a ceiling for ethereum start to look like realistically?

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The Trent posted...

what does a ceiling for ethereum start to look like realistically?

$16,000

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EndOfDiscOne posted...

I recently started making leveraged purchases.

why would you do this


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TheMikh posted...

why would you do this

I'm testing the waters with $3,000, something I could easily pay off if I needed to.

I'm trying to get the benefits of both DCA and lump sum investing (but with added risk of course). I'll buy a lump sum up front with my loan. Next week if the price of BTC is up, I'll put my weekly DCA towards the loan. If it's down, I'll put my DCA investment towards more BTC. It's a way to both get in front of future price increases, and also buy the dip.

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We need a Crypto general topic

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Rob Cesternino posted...

We need a Crypto general topic

agreed

i'm also going to wait for a ETH dip to invest, although i'm wondering if i should also invest in other smaller DeFi crypto even more

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I lost 3 coins trying to hedge

Don't trade on an upwards trend kids

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what are some up and coming cryptos to look at?

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1337toothbrush posted...

but what does it mean by this

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The Trent posted...

what are some up and coming cryptos to look at?

Doge baby

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Turtlebread posted...

but what does it mean by this

It means tether is a scam and these cryptocurrencies are inflating because of the scam printing more tether than is actually backed by assets.

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ShyOx posted...

Doge baby

Already there what else ya got

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1337toothbrush posted...

It means tether is a scam and these cryptocurrencies are inflating because of the scam printing more tether than is actually backed by assets.

nice

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1337toothbrush posted...

It means tether is a scam and these cryptocurrencies are inflating because of the scam printing more tether than is actually backed by assets.

Tether is the biggest stablecoin that people exchange directly with their fiat currency. People don't buy BTC or ETH directly. They buy a stablecoin to transfer it to an exchange to buy whatever token or coin they want. If Tether goes kaput, there are a number of other stablecoins to take its place like USDC.

This is a dumb argument that distracts from all the things the crypto world accomplishes.


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Sad_Face posted...

Tether is the biggest stablecoin that people exchange directly with their fiat currency. People don't buy BTC or ETH directly. They buy a stablecoin to transfer it to an exchange to buy whatever token or coin they want. If Tether goes kaput, there are a number of other stablecoins to take its place like USDC.

This is a dumb argument that distracts from all the things the crypto world accomplishes.

https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.12903

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1337toothbrush posted...

https://onlinelibrary.wiley.com/doi/full/10.1111/jofi.12903

If exchanges want the USDT team to prove USDT is backed by the amount they claim it is or threaten its removal from exchanges, we have tools available for an audit of the reserves.

https://blog.chain.link/chainlink-proof-of-reserve-bringing-transparency-to-defi-collateral/

Once again, you're distracting from the revolutionary technology the blockchain world has developed, smart contracts.

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Sad_Face posted...

If exchanges want the USDT team to prove USDT is backed by the amount they claim it is or threaten its removal from exchanges, we have tools available for an audit of the reserves.

https://blog.chain.link/chainlink-proof-of-reserve-bringing-transparency-to-defi-collateral/

Once again, you're distracting from the revolutionary technology the blockchain world has developed, smart contracts.

The reserves could be transparent but they aren't. Whatever you think of the technology of blockchain itself, the prices of bitcoin and the rest of the cryptocurrencies are based almost entirely on speculation and scams like tether pumping the prices up. For example, they buy bitcoin with tether and so the price of bitcoin goes up, then they turn around and print tether because their holdings increased in value. The feedback loop here is obvious.

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1337toothbrush posted...

The reserves could be transparent but they aren't. Whatever you think of the technology of blockchain itself, the prices of bitcoin and the rest of the cryptocurrencies are based almost entirely on speculation and scams like tether pumping the prices up. For example, they buy bitcoin with tether and so the price of bitcoin goes up, then they turn around and print tether because their holdings increased in value. The feedback loop here is obvious.

This is not true. You don't have institutional investors buying 10K BTC at well over $15K-$20K per token. Ethereum didn't fall down to $88 to break its all time high due to Tether manipulation. We have new players coming into the field because people are recognizing how fragile and dangerous the US dollar is and are fleeing to the bitcoin as a hedge instead of gold. And the De-Fi boom is blowing up.

In fact, the Gamestop showdown made a powerful case in displaying how blatantly rigged the stock market (which you can still make money in btw) while virtually ALL the corrupt moves going that went on (selling shares without people's consent, halting trade for retail investors but not institutional investors, shorting more shares than shares that exist of a company) are impossible to do in De-Fi by the nature of how the system was developed.

You keep laserfocusing on the prices being purely manipulated. That's totally wrong and more importantly, you're denying yourself to take part in the next revolution that will impact the world several times over like the internet.

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Sad_Face posted...

This is not true. You don't have institutional investors buying 10K BTC at well over $15K-$20K per token. Ethereum didn't fall down to $88 to break its all time high due to Tether manipulation. We have new players coming into the field because people are recognizing how fragile and dangerous the US dollar is and are fleeing to the bitcoin as a hedge instead of gold. And the De-Fi boom is blowing up.

In fact, the Gamestop showdown made a powerful case in displaying how blatantly rigged the stock market (which you can still make money in btw) while virtually ALL the corrupt moves going that went on (selling shares without people's consent, halting trade for retail investors but not institutional investors, shorting more shares than shares that exist of a company) are impossible to do in De-Fi by the nature of how the system was developed.

You keep laserfocusing on the prices being purely manipulated. That's totally wrong and more importantly, you're denying yourself to take part in the next revolution that will impact the world several times over like the internet.

Institutional investors always hedge. You think of the US dollar as fragile and dangerous yet crypto is far more volatile on even a good day. The US dollar is more stable and dependable than any cryptocurrency, plus it's backed by a world power.

De-Fi is blowing up because there's rampant speculation. Just because there's money to be made, doesn't mean the long-term prospects are good. The flaws will crop up soon enough.

You think there is no rigging in crypto? As the research paper I posted detailed, there is manipulation. There's also potential for manipulation in proof of work (China has the bulk of the computing power on the network and they could take it over if they wanted) and proof of stake (the big players can collude and so the rich have all the power, as usual).

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Should I sell my 0.1 coins?!

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ETH almost 1600 now btw

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Bought 1 Ethereum at $90 in march 2020. Solid investment

2Pacavelli posted...

Bought 1 Ethereum at $90 in march 2020. Solid investment

damn you really bought the bottom nice job

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Wish I had put money into this, or Bitcoin, instead of litecoin back in like 2017/2018. Oh well though, I have little more than .5 of Ethereum so thatll have to do.

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gatorsPENSbucs posted...

Wish I had put money into this, or Bitcoin, instead of litecoin back in like 2017/2018. Oh well though, I have little more than .5 of Ethereum so thatll have to do.

I felt the same way have a Litecoin I mined in 2013 that I've been hanging on too. If it was BTC I'd probably have a few thousands.

Hang on to your Litecoin though we going to the moon.
Turtlebread posted...

damn you really bought the bottom nice job

Thanks. Im grateful for how its performed. Not even going to worry about not having gotten more

I bought 10 when it was $50 back in 2017 thanks to a topic on here lol

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Just broke 1600

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im not 13 posted...

Just broke 1600

noice

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the 10 worth of ethereum i once bought are now at 96, that's crazy

wish i had bought 1,000 times that lol

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$1620

Man a friend of mine told me eth would blow up in Feb...wish I trusted him more

Still a few grand up though

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1337toothbrush posted...

Institutional investors always hedge. You think of the US dollar as fragile and dangerous yet crypto is far more volatile on even a good day. The US dollar is more stable and dependable than any cryptocurrency, plus it's backed by a world power.

De-Fi is blowing up because there's rampant speculation. Just because there's money to be made, doesn't mean the long-term prospects are good. The flaws will crop up soon enough.

You think there is no rigging in crypto? As the research paper I posted detailed, there is manipulation. There's also potential for manipulation in proof of work (China has the bulk of the computing power on the network and they could take it over if they wanted) and proof of stake (the big players can collude and so the rich have all the power, as usual).

They always hedge, but not in crypto, and definitely not that scale.

De-Fi is blowing up because there are consistent ways to make money. When you lend your money to a bank, they pay you a modest sum of 0.01% interest. In crypto, you can find lending pools that pay 5%, 20%, even 70% and if you're ballsy enough, you could go jump into ones that pay 1000% (those are short lived and inconsistent). The De-Fi world is challenging people reassess banks and their purpose of storing their wealth.

And I am aware there's rigging in crypto, the BTC conveniently crashes when Chainlink is about to hit a milestone price point or ATH without fail for over 2 years. But is that enough to scare me away from seeing the gamebreaking potential in smart contracts and waste a once in a lifetime opportunity to witness this change the world and become a billionaire in the process? Heck no.

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Sad_Face posted...

They always hedge, but not in crypto, and definitely not that scale.

De-Fi is blowing up because there are consistent ways to make money. When you lend your money to a bank, they pay you a modest sum of 0.01% interest. In crypto, you can find lending pools that pay 5%, 20%, even 70% and if you're ballsy enough, you could go jump into ones that pay 1000% (those are short lived and inconsistent). The De-Fi world is challenging people reassess banks and their purpose of storing their wealth.

And I am aware there's rigging in crypto, the BTC conveniently crashes when Chainlink is about to hit a milestone price point or ATH without fail for over 2 years. But is that enough to scare me away from seeing the gamebreaking potential in smart contracts and waste a once in a lifetime opportunity to witness this change the world and become a billionaire in the process? Heck no.

That's not a large scale at all for institutional investors. The rates on those lending pools are high because of the risk involved. It's not magic.

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wait...can you invest in magic?
cause i will

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1337toothbrush posted...

That's not a large scale at all for institutional investors. The rates on those lending pools are high because of the risk involved. It's not magic.

When one institution accumulates enough BTC to have a billion dollar stack (during these prices), that's a big deal. When entities like Grayscale are onboarding crypto to allow people to invest in crypto in their Roth IRA, that's a big deal. This is what adoption looks like.

And those rates are consistent. Aave is blowing up as the biggest lender in the De-Fi space, and Chainlink's price is blowing up thanks to so many projects using their tools for security to prevent exploits.

We're going back and forth because you don't think any of these things are safe when these projects have been growing over the past year.


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Sad_Face posted...

When one institution accumulates enough BTC to have a billion dollar stack (during these prices), that's a big deal. When entities like Grayscale are onboarding crypto to allow people to invest in crypto in their Roth IRA, that's a big deal. This is what adoption looks like.

And those rates are consistent. Aave is blowing up as the biggest lender in the De-Fi space, and Chainlink's price is blowing up thanks to so many projects using their tools for security to prevent exploits.

We're going back and forth because you don't think any of these things are safe when these projects have been growing over the past year.

We'll see. All I have to say is don't keep your hopes up on prices staying up for cryptocurrencies.

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1337toothbrush posted...

We'll see. All I have to say is don't keep your hopes up on prices staying up for cryptocurrencies.

Yesssss bust so I can buy btc

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Accumulate ZCash, while its cheap

what is zcash

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