This is a proof of shit premine scam. BTC maxis assemble, it's time to FUD ETH!
BTC maxi here. Who the FUCK is buying ETH right now?
Yeah but all the miners and vcs got shaken out after -85% so it's a very safe buy if you get in on these lows.
Brother, the lows ain’t stopping
It's okay to miss out sometime.
ETH is neat because it has immutable forex markets like curve.fi, and innovative tokens like ampleforth (ticker: ampl) that is a novel monetary phenomenon only possible with blockchain and smart contracts. Yes, it's the REBASE. Which was imagined before, but never realized until Ethereum gave a platform and also LINK provided the first price feed for. AMPL. So that's neat. Ampleforth is the only novel monetary phenomenon besides bitcoin that I have seen from so-called "crypto" and AMPL was only possible because of the premine vitamin butamine scam, but sometimes christs are born in bethlehem.
The ampl protocol is a base layer that now exists separate from ethereum and can cross chains to any shitcoin even bitcoin and it is now tranched and used as collateral for stable coins so it is the first digital unit of account. Bitcoin is not.
Yes, naval is right. The store of value (BTC), medium of exchange (USD) and unit of account (AMPL) functions of money. are all separating in a deglobalizing decentralizing age
FUD ETH!
OK:
jmp.sh
AMPL has six years of flawless performance rebasing around the uninflated dollar target. So that's neat.
At base level, ethereum is just an overpriced gas token. It's true ampl has not gained significantly against eth since defi summer, but the thesis is that AMPL will gain massively once again, because eth is not special anymore, whereas ampl is special, so special there's still no competition, it's zero to one. A simple rebase token, tranched to separate supply adjustment risk, serving as collateral for decentralized undebased stable coins. There are already several such cases about to launch, so AMPL at $46M mc is looking primed to separate from the ETH poor price performance. ETH is one gas token of many and overpriced to boot, though veblan goods are a thing. AMPL created a brand new monetary domain. AMPL is the emerging monopoly after bitcoin. Ethereum lost the monopoly, sol is even shittier, probably chainlink (ticker: LINK) is the best bet on universal gas token if, and that's a big IF, they can tap into legacy banks giving them access to curve.fi and bitcoin and AMPL, so that will be neat for the world, which is a huge mess, but beautiful code si neat from hamurabi to html to hoon
LE ETHEREUM IS BAD
Says the Bitcoin maximalists whose entire coin relies on Ethereum's USDT and USDC for it to actually be traded efficiently
how's the paki war going, rajesh?
In the past, it was said to focus on ampleforth's chart not in price, but in market cap, because this makes it more accessible. Accessible to traders and degens
I say to focus on AMPL price chart USD, because what's emerging is predictable
The world is dynamic, nothing is truly stable. What nature thrives from is predictable patterns, night & day, ocean tides, solar orbit, seasons, etc.
Money doesn't need to be a witch doctor's spell. Or a fed reserve tea leave scam. We can code predictability, natural cycles into money. So ampleforth is neat that way.
Stay on topic my friend. What do you love or hate about mEth? Why is bitcoin a horrible unit of account and never can be that?
People are stupid as shit. And the best is they never learn.
You buy the ETH/BTC ratio bottom, not sell it.
So easy to make money in this space.
Who the FUCK is buying ETH right now?
Your boyfriend’s 401k
I’m a BTC maxi but I just want my ETH bros to have a win. Some of these dudes have been bagholding since the ‘21 highs.
They have BTC in their margin accounts btw. They are being forced to buy ETH.
who's forcing them ? its cash settled
When the shorts are closed, the market makers who fill the other side of the buy orders will hedge their positions by buying spot or some other derivative (like perps) to stay delta neutral. So the CME shorts getting squeezed would lead to additional buy pressure for ETH.
almost down 50% from November ATH while BTC has almost reached its
let us have some fun
Eth isn't even going up compared to the other coins?
No it doesn't
Unlike 2017 (ICOs, gas) and 2021 (DeFi boom, gas) there isn't a whole lot of real demand for ETH nowadays. There's staking, but it already plateaued half a year ago and the returns suck.
I have to assume this is a suckers rally, like all of the others in the past 2 years, where people who experienced the 2017 and 2021 alt seasons jump on the bandwagon of a fake pump because they think the time has finally come to repeat it.
But with only speculative instead of real organic demand behind this, it will probably have to come back down.
Stay mad, made a nice 20% on it.
POS is ETH's demand.
Are you retarded? This whole market is speculation with BTC being the biggest speculative asset.
Learn to read you retard, I already said POS demand plateaued and has ridiculous returns that cannot explain a sudden massive surge in interest.
there isn't a whole lot of real demand for ETH nowadays.
Still defi
Like if you used defi on other platforms you know why that comment is quite stupid. Thee are a lot less options for defi on other chains like solana and other chains, less yield bearing stablecoins, less defi you can do with wrapped btc a pitiful amount of lending protocols etc etc.
Not an ETH holder, but it is sorely undervalued at this point and was a smart buy. It is due for a nice jump.
Some of you Bitchuds are just utter scum. Wait until we have enough and start fudding Bitcoin.
shieet
eth its is bloated shovelware that continuously gasses it users on network congestion, it will never scale if gas prices are 500usd for a 5 usd transaction
Leveraged, with collateral
this will 100% backfire considering not all bitcoin users are bitchuds
Brother in christ gas fees are like 2 cents.
Your post would have made sense 2 years ago.
Eth baggie here.
It was overdue for a pump last year.
Holy fucking shit staking was a bad decision.
Talk for yourself, I made good money staking. 30k+ in 2 years
when did this change happen actually? i didnt use eth much since 2022 but i checked in on it recently and gas is finally reasonable
kek, try again when eth price is at 4k and the network is congested
liq flowing to ETh and other alts
XRP, SUI, EOS
check the chart
It has been a good year or so bruh.
gas went down due to the gas limit being significantly risen, it's at 36M now and talk is in the air of raising it to 60M soon. Even then, as the recent run showed, gas can still go to 30 gwei during high activity (still a lot better than 2021 though), so it's not necessarily cheap. Once things start calming down gas prices should go back down to 0.5 gwei as they were last month.
why are you brown
30 gwei
that's still barely a few dollars, could be worse but i hope they improve it further
You can really tell the ETH FUD bots and pajeets haven't had their scripts updated since 2021.
Fees on Ethereum have been low for YEARS, time to update your FUD scripts.
And some of us have moved on to other alts with great potential
SUI
MOVE
INIT
I stopped celebrating ETH's 3% pump in a raging bull market