$ (ETH) Ethereum - ETH and the Ethereum Project General Discussion

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Vitalik the Money Skelly is now the youngest Crypto Billionaire. Apparently growth of applications on the Ethereum protocol have now gone Parabolic, with 600,000 active addresses and 2.1 Million deFi users. And its not slowing down. The future is arriving ahead of schedule, probably driven in part by the fears of market instability. Buying now could very well be like buying Apple Stock in the 1980's. This is happening BEFORE the London Hard Fork which is supposed to restrict ETH supply.

forkast.news

Ethereum prices soar over $3,200, making Vitalik Buterin a billionaire

As ETH prices hit a new ATH and continue to the moon, Ethereum’s visionary creator Vitalik Buterin becomes the youngest ever crypto billionaire.
forkast.news forkast.news
 
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I setting an upper level price point of 5,000 dollars, though I think it will stabilize around 4,400. People are starting to FOMO in so the waters ahead are going to be fun.
 
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wow
 
mindlessobserver said:
I setting an upper level price point of 5,000 dollars, though I think it will stabilize around 4,400. People are starting to FOMO in so the waters ahead are going to be fun.
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For this current run, or long term? I still think that all of the value stored in Bitcoin is going to be reinvested, and the prices are going to invert. $50k+ for ETH, and some percentage of that for BTC.

Ethereum now exchanges stronger to Bitcoin than it has basically since it launched, so it’s only a matter of time I think.

I feel simultaneously lucky and unlucky. I got burned early 2020 buying at $440 only to see it drop to $150, now I’m kicking myself for not getting more that summer at either price honestly. I’m not in a bad spot, and you can’t play the “what-if” game without driving yourself crazy, so for now I’m just glad I did my monthly buy back when it was closer to $2000, haha.
 
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5,000 (or close too it) for the current run which should resolve by friday. Way too many Shorts got caught with their pants down. You have the combination of a short squeeze and network adoption with a sprinkle of FOMO when it comes to ETH atm. You got Forbes proclaiming "it's time has come" ffs.

This is honestly happening far sooner then I expected what with the London Hard Fork still months away. Which probably explains all the naked shorts. Its symptomatic of the accelerating asset bubble I think. Way too much money is loose in the wild and looking for a safe harbor. I also see some ominous signs with Bitcoins value so there is bet hedging going on here too. The top will be somewhere on the high 4,000's I think. The bull charge has blasted through every prior guard rail.

*edit* correction. Something bad just happened to Bitcoin. Dont know what. But it just dumped 3% and Ether tracked with it. Anyone short selling should brace for extreme volatility. I have no fucking clue what is going on now, but I did a conversion to BAT at a 1.22 for 20% of my portfolio and turned my Ether into cash. I still like my high 4,000s prediction but I dont like what the other cryptos are doing so am gonna look around and I am locking in my gain for the past week.

*edit to the edit* market correction incoming. It's not related to ETHs conditions. Its BTC again ffs. Ether still has huge up potential so holding cant go wrong for the roller coaster. I've moved into a short position but I am a moron so dont take me for financial advice.

Edit to my edit edit. Jesus christ this is correcting hard and I am so fucking glad I was watching it for a change.
 
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I have figured out what is going on.

Corporations, mutual funds and individual billionaires who engage with the crypto market use BTC as the gold standard to guide their investments. They were unprepared for a crypto "to the moon". While they did not have investment in esoteric cryptos like DOGE, Monero, or XRP, they had huge exposure to ETH. And in particular they shorted ETH using Bitcoin as collateral.

When ETH started to Moon, all those short positions were force called and liquidated which has led to a crash in BTC that is spilling over into other Alt Coins.

If you are reading this assessment at the moment I am writing it you are in position to take advantage. Buy ETH at the bottom of the current dip which will resolve in the next 6 hours as the shorts are liquidated.
 
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mindlessobserver said:
I have figured out what is going on.

Corporations, mutual funds and individual billionaires who engage with the crypto market use BTC as the gold standard to guide their investments. They were unprepared for a crypto "to the moon". While they did not have investment in esoteric cryptos like DOGE, Monero, or XRP, they had huge exposure to ETH. And in particular they shorted ETH using Bitcoin as collateral.

When ETH started to Moon, all those short positions were force called and liquidated which has led to a crash in BTC that is spilling over into other Alt Coins.

If you are reading this assessment at the moment I am writing it you are in position to take advantage. Buy ETH at the bottom of the current dip which will resolve in the next 6 hours as the shorts are liquidated.
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Bitcoin not looking so good right now but ETH still climbing whats going on fren?
 
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Took profits on ETH. (Was up nearly 100 percent) already learned my lesson about waiting too long to take profits.
Put most of the profits into BTC. Will buy more ETH next time it goes down
 
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world of shit said:
I still kick myself for not buying ETH at $80 and instead chasing shitcoin pumps.

IMO, Eth is going to have a good year. Maybe a better roi than btc this year.
Everything fucking uses ETH even BNB uses the virtual machine (EVM), so dapps on bnb still use it.
Been grabbing it at every major fud dip and stacked. ETH possible 10x this year.

Meitu bought $22M of eth for their treasury, Grayscale's ETH trust size just went up, and I think many others will follow.
ETH 2.0 making it PoS, sharding, etc. Beacon chain is locked. ETH staking popping up everywhere. EIP 1159 using gas fees for token burn.
Companies are starting to fomo into crypto.
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As ETH rockets towards $4000, just want to remind the above was posted when ETH was 1700. :story:

(Reposting yourself when you're right is cringe, but god damn this was a lot of correct...so far)
 
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mindlessobserver said:
5,000 (or close too it) for the current run which should resolve by friday. Way too many Shorts got caught with their pants down. You have the combination of a short squeeze and network adoption with a sprinkle of FOMO when it comes to ETH atm. You got Forbes proclaiming "it's time has come" ffs.

This is honestly happening far sooner then I expected what with the London Hard Fork still months away. Which probably explains all the naked shorts. Its symptomatic of the accelerating asset bubble I think. Way too much money is loose in the wild and looking for a safe harbor. I also see some ominous signs with Bitcoins value so there is bet hedging going on here too. The top will be somewhere on the high 4,000's I think. The bull charge has blasted through every prior guard rail.

*edit* correction. Something bad just happened to Bitcoin. Dont know what. But it just dumped 3% and Ether tracked with it. Anyone short selling should brace for extreme volatility. I have no fucking clue what is going on now, but I did a conversion to BAT at a 1.22 for 20% of my portfolio and turned my Ether into cash. I still like my high 4,000s prediction but I dont like what the other cryptos are doing so am gonna look around and I am locking in my gain for the past week.

*edit to the edit* market correction incoming. It's not related to ETHs conditions. Its BTC again ffs. Ether still has huge up potential so holding cant go wrong for the roller coaster. I've moved into a short position but I am a moron so dont take me for financial advice.

Edit to my edit edit. Jesus christ this is correcting hard and I am so fucking glad I was watching it for a change.
Click to expand...


real schizo hours
 
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