Ethereum crash coming (1 Viewer)

I was looking at Trezor over the weekend on amazon. They have an official store - is that safe? The official site is overseas and uses a payment processor that I'm not familiar with.

Also interesting - I checked Friday and added it to my cart. By Saturday it said no longer available. Demand must be high.
Trezor comes with an official seal, just make sure it's not broken.

Also, you should write down the 12 or 24 seed words yourself on the piece of paper provided. For the compromised sets, you will see that the 24 words were already written down for you (that means the malicious hacker already had access to your seed words).
 
as long as the the vendor is the direct manufacturer, i guess so. i wouldnt know enough to offer that information. Perhaps others who purchased one might be able to give advice. I personally dont own any.
 
So I know this can be volatile stuff, but I seriously bought my first Crypto yesterday and this is the 1 Day chart..... I circled where I bought........
Not quite the moon, but Diamond Hands I have.........! :bag:

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When the price is 5k it wont matter.

If you can keep buying dips.

BTC is 40k+ it didnt matter if you bought at 7,10, or 12k - its all gravy.
 
I will say i am more comfortable when the price goes up and down, stright up is no good cause eventually everyone will dump and take profits..... up and down means profit taking in small doses is nice
 
Question to trezor users to help out the new people...do u have the old version or did you upgrade to model T......is the extra 100 bucks worth it?
 
if you looking to do it as simple as possible just use coinbase..
This is what I did, I wimped out and went with Coinbase..... I do like their "Vault" option, which locks the coin in a 'deeper' wallet that takes a phone number and 2 email accounts to work with, and the transfer is held for 48 hrs, so not easy to drain (I think...)
I will buy a Trezor 1 soon, but right now, I like the Vault.
 
I pulled the trigger for a substantial ETH holding (for me). Planning to hold till at least the end of the year and see where we are. Hoping the MOON meme people are right :hearts: :hearts: :hearts:
man we should have had this thread last year
I loaded up the truck on ETH in Jan when it was like 150 ish
I was trying to tell anyone like reasearch this, ETH is gonna go past 2K EASY and I think 10K
this year is conservative estimate by AUG/SEPT

Then the March covid / market crash, oh well could have had 50% more equity but I still had it right.
 
man we should have had this thread last year
I loaded up the truck on ETH in Jan when it was like 150 ish
I was trying to tell anyone like reasearch this, ETH is gonna go past 2K EASY and I think 10K
this year is conservative estimate by AUG/SEPT

Then the March covid / market crash, oh well could have had 50% more equity but I still had it right.
At what point do you see it all crashing? I know little about crypto but the numbers guy in my head says it’s just not sustainable. Currently Bitcoin has a total value around 900 billion dollars. If Ethereum hits $10K this summer the total value of Ethereum would be 1.2 trillion (when a little over a year earlier it’s total value was 120 million).

The rate of growth is obviously not sustainable, otherwise a year after hitting 10K Ethereum alone would be worth more than all the non-Ethereum wealth in the entire world.

I’m not poo-pooing, as I’ve said I know little about it... looking back using little data other than standard graphs, crypto was what it was and all of the majors had a huge spike in 2017 and most crashed to earth at the beginning of 2018. Outside of a more standard growth they then were what they were until this current massive spike. More than anything I’m trying to understand why it’s not going to be the same pattern, the current big spike followed by a huge drop (in all of the well known cryptos, not just E).

If what you project comes to pass, adding in that by appearances the main cryptos tend to follow a similar jump/drop line as all the others, at that point your talking about the total value of a handful of crypto currencies representing a significant percentage of all of the wealth of the entire world.

My logic which is based on nothing other than those potential numbers makes me think a large crash has to be in the nearish future (potentially with another large spike in a few years), if not a crash than if nothing else it’s all got to hit a number and “settle in”. The growth just isn’t sustainable.

Thoughts?
 
Now what's your guys' opinion on ETH 2.0 coming into the space with ETH and being able to stake it. Do you guys think it's going to boost ETH's price even higher or what do you guys think will happen?
 
This is just my humble opinion

Do i believe some settling in prices will occur....yes

will it settle like it did in 2017\2018 (percentage wise), i dont believe so. Back then it really couldn't get a good footing into main stream because governments were against it, major investors were talking crap about it and people didn't understand it. Most US media except for "maybe" CNBC pretty much reported on the negative bias due to Gates, Murdock, Jamie Dimon, Buffet. I am saying this with tongue in cheek humor...... ignore the automobile invest in buggy whips where we have had our money for years. Another issue also was whales dumping it, people who invested in it or mined it in early years were getting their just rewards.

Ok i didnt do a deep analysis here just going over ruff numbers. Before the 2017 spike bitcoin was around 500 during the spike it hit around 15k and then settled down to about 8k.....it still managed to keep a good chunk of its gains even with all the anti bitcoin spamming going on from our trusted wall street fat cats.

Now in this cycle it is getting support from fat cats, wall street is jumping into it, companies are starting to buy the asset for their portfolios. Of course once Tesla, Apple, Jp Morgan, Morgan Stanly, Google, facebook, etc... start acquiring it, the government will start introducing friendlier laws regarding the crypto market. Isn't that sweet of them.

Now i spoke of bitcoin but everything i said holds true for the alt coins of value. Is ETH 2.0 the cure to eth issues? I am not completely sold on it. I also think many others have the same feeling and that is why you are starting to see an anti eth movement with Cardona and pokadot and few others. I am still a champion of Ethereum and have been since the early days. Yes its algorithm is a pig when it comes to processing and therefore electricity. Being a development platform these issues can be cured as newer high demand Dapps get created such as defi.

Is it sustainable?
With all the financial assets being created in the DeFi arena just to name one i think it can still be undervalued.

Again dont quote the numbers to exact penny:
The derivatives market is about or near to a QUADTRILLION
stocks have about 70 trillion
bonds over 100 trillion

What happens when some of this money starts to flow into the crypto financials ...... lets say only 10% of it flows over, then there is still a lot of head room to go

sorry if i rambled on tried to give my input in between tasks and try to get some chips....
 
What I consider a good time to start worrying about crypto is when politicians start accepting crypto into their fund raisers. The minute I see an Ethereum Rx address or QR code on the bottom of a political ad I think im gonna pass out
 
I've been eyeing BAT (Basic Attention Token) as a possible climber.......it's around $0.55/coin right now, and is backed by a co-founder of Firefox/Mozilla.....could be good...??
I have no idea......I have never "played the stock market" or done this Crypto until last Sunday.......
 
Thoughts?

The price of bitcoin was stable for quite a while last year at around 9-12k. The reason it keeps climbing is more and more new investors (and gamblers) are taking notice (duh). If you look at the lifetime chart of bitcoin it has been bumpy but sustained long term consistent and organic growth. Nothing can keep growing forever, either it will stabilize or decrease in value. If only businesses understood that trying to get 10% growth every year is impossible. At some point there is a hard ceiling or a downturn becomes inevitable.

I view crypto as similar to the dawn of the internet age. We are still very much in the infancy of what crypto will become. Without getting into the weeds of arguing about which coin is best just look at the utility of being able to send and receive funds electronically without a middle man slowing down the transaction.

If you have sent a wire recently you will know that the process is slow (3-5 business days) and also expensive with the banks charging $20 +/- on both ends - it is an antiquated solution for sending/receiving funds. Right now a wire is the best option the banking system has in place for sending funds internationally. Western Union while popular is a total PITA.

This doesn't even get into using crypto as a store of value (one of the only assets with truly limited supply).

There is for sure a ceiling and stabilization somewhere but we are just in the beginning.

EDIT: Here is my hot take. Crypto market cap will exceed gold market cap in the next 5 years. Bitcoin has a current market cap of about $350 billion, while that of gold's stands at roughly $10 trillion.
 
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I've been eyeing BAT (Basic Attention Token) as a possible climber.......it's around $0.55/coin right now, and is backed by a co-founder of Firefox/Mozilla.....could be good...??
I have no idea......I have never "played the stock market" or done this Crypto until last Sunday.......
I bought into the ico. I have since sold in 2018

I actually use the brave browser but usage of the actual token and its proposition is not feasible given technical limitations of eth now.
 
At what point do you see it all crashing? I know little about crypto but the numbers guy in my head says it’s just not sustainable. Currently Bitcoin has a total value around 900 billion dollars. If Ethereum hits $10K this summer the total value of Ethereum would be 1.2 trillion (when a little over a year earlier it’s total value was 120 million).

The rate of growth is obviously not sustainable, otherwise a year after hitting 10K Ethereum alone would be worth more than all the non-Ethereum wealth in the entire world.

I’m not poo-pooing, as I’ve said I know little about it... looking back using little data other than standard graphs, crypto was what it was and all of the majors had a huge spike in 2017 and most crashed to earth at the beginning of 2018. Outside of a more standard growth they then were what they were until this current massive spike. More than anything I’m trying to understand why it’s not going to be the same pattern, the current big spike followed by a huge drop (in all of the well known cryptos, not just E).

If what you project comes to pass, adding in that by appearances the main cryptos tend to follow a similar jump/drop line as all the others, at that point your talking about the total value of a handful of crypto currencies representing a significant percentage of all of the wealth of the entire world.

My logic which is based on nothing other than those potential numbers makes me think a large crash has to be in the nearish future (potentially with another large spike in a few years), if not a crash than if nothing else it’s all got to hit a number and “settle in”. The growth just isn’t sustainable.

Thoughts?

Something people fail to understand is crypto time is literally faster than normal stocks/etfs.

There are 0 breaks, there are no weekends, holidays etc. Any function that is looking for time ranges imo is limited by the normal constraints of our relatively regulated market. The "casino" is open 24/7/365 with crypto and imo that includes accelerated price discovery.


And again the one most easily quantifiable metric is btc and the "store of value" narrative. If btc is better than gold and we take the percentage of gold's market cap specifically for investment and conservatively divide it in half, it is still more than double Bitcoins market cap.

Right now in defi we have Eth acting as the collateral and utility token for perpetual swaps, synthetics, options, all sorts of financial instruments which capture value magnitudes larger than gold. Even if eth were to take 1% of that value it would still be over 1 trillion.
 
I bought into the ico. I have since sold in 2018

I actually use the brave browser but usage of the actual token and its proposition is not feasible given technical limitations of eth now.
Well, I just bought ~1100 BAT coins today......I guess we'll see where they go. I also started using the Brave browser to check it out, seems decent as a Chrome-sourced option.
I figure every time BAT gains a penny I make $10 and if it hits $10+/coin I am doing well. ;)
 
Right now in defi we have Eth acting as the collateral and utility token for perpetual swaps, synthetics, options, all sorts of financial instruments which capture value magnitudes larger than gold. Even if eth were to take 1% of that value it would still be over 1 trillion.

I totally agree. The problem with gold is its lack of functionality and its not easily divisible. People think crypto is hard to spend then try spending your gold coins/bars. I am not hating on gold I love it but it is just difficult to use. It is a great store of value though.

I like crypto because it is a better store of value (fixed supply) and it is more liquid. I can buy or sell crypto in seconds whereas with gold I need to leave my house and go make a deal with someone.

I was getting really interested in gold and silver over the last few years but now that crypto is here I don't really see the point.

Gonna buy a bunch more ETH today.
 
The price of bitcoin was stable for quite a while last year at around 9-12k. The reason it keeps climbing is more and more new investors (and gamblers) are taking notice (duh). If you look at the lifetime chart of bitcoin it has been bumpy but sustained long term consistent and organic growth. Nothing can keep growing forever, either it will stabilize or decrease in value. If only businesses understood that trying to get 10% growth every year is impossible. At some point there is a hard ceiling or a downturn becomes inevitable.

I view crypto as similar to the dawn of the internet age. We are still very much in the infancy of what crypto will become. Without getting into the weeds of arguing about which coin is best just look at the utility of being able to send and receive funds electronically without a middle man slowing down the transaction.

If you have sent a wire recently you will know that the process is slow (3-5 business days) and also expensive with the banks charging $20 +/- on both ends - it is an antiquated solution for sending/receiving funds. Right now a wire is the best option the banking system has in place for sending funds internationally. Western Union while popular is a total PITA.

This doesn't even get into using crypto as a store of value (one of the only assets with truly limited supply).

There is for sure a ceiling and stabilization somewhere but we are just in the beginning.

EDIT: Here is my hot take. Crypto market cap will exceed gold market cap in the next 5 years. Bitcoin has a current market cap of about $350 billion, while that of gold's stands at roughly $10 trillion.
its not just investors driving the price up. the majority of BTC is used in nigeria. There BTC is used more than their own currency. They just started the ban on BTC, but that doesnt speak much, China also banned it a while ago and they are the largest of the miners..

I think crypto as an investment is a good, but i personally dont think ETH will stay where its at in the short term. If you look at the chart the price is pretty crazy, and with ETH 2.0 coming soon, it will tank. But long term 10-20 years i think its a good investment.

Staking 2.0 is also a good one as well. I dont have 32 ETH, but i might join a stake pool. Managing my own node isnt something i want to take part in.

right now im mining ETH and getting about 0.1 Every week. Thats money im not touching for a very long time.
 
I think crypto as an investment is a good, but i personally dont think ETH will stay where its at in the short term. If you look at the chart the price is pretty crazy, and with ETH 2.0 coming soon, it will tank.
I am heavily invested in ETH right now and don't own any BTC because every day I balk at the price. Interested to hear more about ETH 2.0 and how you think that will effect the ETH price. I was investing in ETH hoping to ride on the coat tails of bitcoins success over the coming years.
 

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