ETH

Potential_Version_34

The irony being I think ETH smart contracts are actually a great idea

Aggravating-Buy-1695

Holy ETH free fall.

Brave-Finding-3866

BMNR not following ETH to go lower anymore

daners101

There’s 1000 materials that are better than gold for most of the purposes gold serves in a utility capacity. But the fact that it’s been around a long time as a way to store value, even though there is more gold still in the earth than has ever been mined, is enough for people to give it a unique status as a store of value. I agree that the tech isn’t top tier these days, but it is upgradable, and it’s kind of irrelevant to the purpose BTC has come to serve. It’s not a daily currency like people thought it would be, in the same way that gold is not. Other crypto like stable coins and ETH will fill those shoes instead.

Easik

There are a ton of use cases, most of which revolve around removing the middleman from a transaction. The primary issue right now is that the middleman is fiat on/off ramps. The world is moving to crypto for all financial transactions. It just takes a long time to replace SWIFT and the current payment rails. Ultimately, BTC and ETH is speculation and front running that move. The vast majority of crypto outside of a few tokens are a scam or a project that ultimately falls.

zennsunni

It was just talk, even back then. Bitcoin was never viable, and when a viable alternative was put forward (ETH), it wasn't embraced the way Bitcoin was because it wasn't seeing the same meteoric growth. People are greedy. All this shit with Bitcoin being turned inside out was so far beyond inevitable, it could all be a big slapstick joke.

Hot-Ticket9440

There’s a real fomo with people building local AI agents. I haven’t seen any of you regards mention the OpenClaw moment. You need RAM and SSDs to run these agents locally. I just spent my weekend gathering all my used SSDs and RAM I had to do this. Theres also real demand being created by small businesses building their own agents to run local agentic LLMs. If you can replace a few employees with 100gb of RAM you’d do it in a heartbeat. Theres a real concern with running these models in the cloud for privacy and data protection. I feel like this is yet to peak all over the world. This adds to the fire. Same happened when Bitcoin and ETH mining was a thing and GPUs were priced like gold. Even old used memory is getting sold out. I’m not sure this is the play, but I do believe the memory problem is going to get worse. Everyone is going to want memory. Cloud providers want it, NVDIA wants it, businesses want it and people want it. Yet there’s no supply.

OPINION_IS_UNPOPULAR

Probably noise, Vitalik has been selling for a while, A bigger issue is that Tom Lee started a fund that somehow raised billions to buy the ETH picotop. Not sure when / where he has to unwind. IMO the upside for ETH is super limited.

mario8448

41 25% acciones y etf EEUU ( MICROSOFT, ADOBE,RUSELL2000,INTUIT,PAYPAL) 10% ACCIONES Y ETF CHINA ( BABA) 10% BTC ( CALL OPTIONS) 20% YIELD 10% ETH ( CALL OPTIONS) 30% YIELD 5% ORO ( CALL OPTIONS ) 10% YIELD 30% FII AGRO BRASIL 12% YIELD 5% CDI ( RENTA FIJA BRASIL)13% YIELD 5% Petroreconcavo ( petroleo)

WocketWaccoon

Tom “fat cuck” Lee said the ETH bottom is very very near

daners101

I’m all for BTC / ETH, but NFTs were never something I could understand. It was like beanie babies. “You know you can just recreate this for a fraction of a cent right? What are you paying for here?” It was an interesting view into the psychology of humans tho

ETFBro4DaWinz

ETH was a decent swing play if you werent too greedy

FastRelief3222

I get it, still eating at Wendy's, should have invested in ETH to upgrade to steakhouse;)

Wild-Midnight8885

Waiting on the day I can use ETH for my big gulp purchase

Zestyclose-Tart6745

Just have lots of friends in nyc finance. Most of my growth came from pre IPO shares of FB and CYBR as well as BTC and ETH trading during COVID era ups and downs. Have done well trading Tesla and nvidia as well. My portfolio is about 60% cash 40% tech stocks as of today. Since I sold all my btc at 111k. Will rebuy btc at some point this year.

ilovemathematikz

72% of ETH accounts long at a L/S ratio of 2.58: - A 5% drop in ETH ($1,962 → $1,864) would cascade through those leveraged longs - ETH OI is $1.73B — a 5% move liquidates an estimated $85-170M of positions - Compare to BTC: 64% long, more balanced, bigger OI absorbs shocks better

Fun-Journalist2276

Conviction! It will reach 3 digits when ETH touches ATH

daners101

If you buy ETH or BTC at any given price point, and do not sell it for a couple of years (or less). There has historically been a 100% success rate that you will see 50-100% (or more) higher prices than what you paid. Regardless of what that price was. I don’t think either of the two are going anywhere. Quite the opposite actually.

HungrySession

ethereum and bitcoin move kinda similarly being the 2 top coins. BTC will be back eventually meaning ETH also will. Don’t break the bank but hold out and buy the dips.

ComprehensiveDoor130

I never believed in it or any other crypto, but I'm a fucking lemming so I still have a few thousand bucks worth, with most of it staked in ETH2. I don't even care what it does anymore. 

AmphibianIntrepid420

I’m just staking ETH this year, it looks like crypto is going to have a rough run so might as well earn interest on what’s there lol

demiplays_gaming

Ofc, I have almost $200 in ETH

JustAFinancialAlt

I got a can’t fail opportunity send me ETH and I’ll 200x your initial 0x742d35Cc6634C0532925a3b844Bc454e4438f44e

TotalArgument5072

https://preview.redd.it/wtn40wxquskg1.jpeg?width=1179&format=pjpg&auto=webp&s=ed4cf7b161eb10c97c913d99de079549d2fc73cb ETH is a high-beta bet on smart contract adoption, where long-term upside depends on network usage, scaling progress, and sustained developer activity.

The_Dying_Gaul323bc

I still get emails from an account I deleted the app for. (I staked like $1-2 of ETH cause it was all that was left) this is long term thinking right? https://preview.redd.it/nuopmobb6skg1.jpeg?width=827&format=pjpg&auto=webp&s=9aee152d113b1a19ca955395bee704fcdd4113b2

Sea_Procedure_3471

I started my DCAing today. Gonna keep going until I die.  The way I see it. Crypto was 10-15 years to early, and now it’s 10-15 years just right. Shits about to get crazy in the financial world with how money is moved around and kept.  I’m going heavy with ETH, and SOL. I’m still not sure about BTC.. it maybe a real asset to hold, digitally… but, how will BTC survive quantum?  How could anything survive quantum. 

Own-Accident1864

Didn't Black Rock buy a bunch of ETH a little bit ago?

jstrong546

Not even a little bit. I broken even and got out a couple years ago and I refuse to touch it again. The thing that bothers me most is no one can give a plain English explanation of what ETH does or why it’s valuable. Like wtf is a decentralized app, what is a smart contract, and why does anyone care about these things? Maybe I’m being ignorant but I’ve yet to hear a convincing argument in favor of Ethereum or any other crypto really. It’s purely speculative and it only has value because people keep buying it.

ZidanPes

stopped believing in ETH since they went from mining to staking.

TheLelouchLamperouge

I do, snagging up a few coins here and there when I can at these prices. Long term eth will be the infrastructure for finance unless the staking rewards aren’t enough to sustain nodes. JPM already piggybacked off of ETH for its security aspects, built their own ETH L2

Kommandant_Milkshake

As someone who used to mine ETH and held it for 4 years before finally selling at the tippy top ($4900), I would stay away. It’s been such a disappointment compared to Bitcoin since PoW ended.

Orangevol1321

If it's at your price 5 years ago right now is the time you add more. Btc and ETH is fine. Your high risk trading any of the alt 💩

rippedmalenurse

I think you first need to ask if most normal people believed in ETH at all to begin with before we can ask if people believe in it long term, no?

mickalawl

Do you use ETH for anything, or know anyone or any company that does? What long term proposition are you most excited for? What are the drivers that might cause the massess to mass buy ETH tokens so they can.... ? Answer the above and invest accordingly.

12345623567

ETH in particular fucked itself by doing the ethical thing and implementing Proof of Stake. The degenerates *want* an asset that has finite supply and prohibitive gas fees.

pokerbluffs

ETH has been and always will be a complete scam created by a supposed genius who is coincidentally also a scammer.

L1QU1D1US

At the current price levels, I think it’s a great entry, especially for people like myself with higher cost basis. I’m continuing to accumulate at these prices. Lots of utility for ETH and big institutions adding.

FatMacchio

I love how many people here crap on crypto when they willingly sacrifice their paychecks to Kenny G on 0dtes every week. ETH should be fine long term. I’ve added a bunch of Litecoin down at these prices…I think it should be a spectacular cycle coming up

TowlieisCool

Comparing ETH to AWS is not a great analogy. AWS is controlled by a centralized entity that shut it down, go out of business, etc. A smart contract is immutable and can operate indefinitely with no oversight, thats exactly the value proposition and why it differs from centralized software. From a CS perspective, it makes a ton of sense, especially if you want a program the maximizes free usage without oversight from a group who would censor or block users.

TowlieisCool

ETH staking is literally just a 1099-MISC you get if you made over $600. Its extremely simple. Again, someone who has no idea what they're talking about.

soozler

The thing is 3000k ETH was fomo. Any value at all assigned to these is purely fomo.

ConditionStock6278

So many use cases for eth, especially with AI agents. - just started taxing L2's properly for settlement - ETHB staking ETF on its way - 9x more TVL than any other chain - Blackrock BUIDL launch was successful - ERC for agents backed by collateral - Staking yields soon to be approved by clarity act - RWA increasing like crazy - Staked supply going up and to the right - Transaction count going up and to the right It's a yielding asset that has the potential to 5x over the next 5 years. Financial institutions will be able to access more capital across broader markets with more innovative products and instant settlement 24/7. Reading comments saying that BTC and Eth have no real world use case. Utter regards. ETH = global settlement layer. Highest security and decentralization. No downtime. SOL = high throughout for retail apps, high frequency trading, lower fees but less security. Hold. Selling now at these prices would be mental.

TowlieisCool

There are over 4,000 stocks in the Nasdaq index. Are some worth buying? Are some not worth buying? I'd argue both are a yes. BTC and ETH at a minimum have proven value propositions. ETH Defi alone has $[53B](https://defillama.com/chains) in TVL and $1.85B in daily on chain volume. BTC has not only first mover advantage, but wide adoption as a store of value. Thats enough to be considered "some crypto" having value. Are most of the rest worthless? Of course. But again, does one thing being worthless immediately make everything else in its asset class worthless?

TheJuniorControl

What is the long term value prop for ETH?

TowlieisCool

How is it inaccurate? Are some stocks good investments? Are most stocks shit investments? These are basic truths, I'd wager 99% of investors wouldn't touch a vast majority of stocks, and its provable they don't based on volume statistics. There are over 4,000 stocks on the Nasdaq, even more OTC. Does the amount of stocks being over an arbitrary number inherently make ever single one worthless? BTC and ETH at a minimum have established use cases and backing entities invested in their continued growth. Most investment advisors recommend low single digit percentage exposures in moderate to aggressive portfolios ([Morgan Stanley](https://www.morganstanley.com/insights/articles/how-to-invest-in-crypto-asset-allocation), [Blackrock](https://www.blackrock.com/institutions/en-us/insights/thought-leadership/portfolio-design/sizing-bitcoin-in-portfolios)). Why would they recommend it if its widely agreed they're all "worthless"? Maybe you just don't know what you're talking about. ETH Defi alone has $[53B](https://defillama.com/chains) in TVL and $1.85B in daily on chain volume. By definition that makes ETH at a minimum demonstrably not worthless, it has a valid use case as one of the pivotal elements of Defi.

TowlieisCool

Its quite different. ETH is currently at a [0.85%](https://ultrasound.money/) supply growth rate in a down market paying 4% returns. Created supply is being burned consistently, as opposed to a company only issuing dividends and NAV erosion that is not required to reduce the amount of issued shares. So capital growth isn't the only requirement. Reasonable use is a secondary factor, and again, even in a down market, ETH has a supply growth rate that is sustainable long term given current usage.

RyghtHandMan

I used to follow an artist on twitter who was very popular and sold his originals regularly for hundreds, but mainly accepted payment in ETH

newrandomage

Great for you, if you trade 1% of your portfolio with maybes, you'll be the exit liquidity. All I was doing was to try to explain the situation with ETH right now, if you ACTUALLY don't care about it, the only logical path for you is to sell at whatever price it is and buy something else. You either care or don't care, make up your mind.

newrandomage

It's not about maybes. People who trade with maybes are destined to become exit liquidity sooner or later. The most bearish models set a bear market floor for ETH at 1200. 1000 would require either the chain being hacked for the second time in history or a massive deviation in the price (which wouldn't be unheard of, but it's unlikely). Institutions are not the marginal buyer at resistance levels btw, they play no part in bear markets.

newrandomage

Unlikely that it hits 1000 ever again, but ETH still has another -30% in it. That's when we buy.

AdAlone812

Vitalik has lost faith in ETH and other VC's are pulling out too. I'd say no.

Calm_Situation_1131

ETH the stablecoin

newrandomage

15 years in a new asset class is equivalent to a 4 month old baby. Not sure why you'd think he'd be in college already. ETH is 11 btw.

Educational_Jello239

You Probably use your phone for 2 things, stupid comments and porn. Banks are moving into the block chain of ETH Wallstreet is tokenizing its system through eth Private sector keeps buying eth There's more people staking eth than people pulling out of eth.

Different-Brain4706

All crypto is rubbish but ETH is a truly special type of dogshit rubbish.

Leakyfaucet111

I actually started an $ETH position recently with my avg cost just above $2000. I’m not a big crypto guy but I bought $ETH instead of $BTC because if they both get back to ATHs $ETH will have given a greater return. I’ll never buy some bs like fartcoin, melaniacoin or whatever the hell these influencers are promoting

FredTilson

BTC and ETH have a big use case in the money laundering industry.

curious_skeptic

ETH is the only one that people are really building any infrastructure on top of. Long-term, it has the best chance IMHO. I still refuse to buy any at these levels.

pocketIent

I’m so deep in this thread wondering if someone more knowledgeable talks about what ever the hell blackrock is preaching in reguard to tokenizing Wall Street and some how ETH is related

infinitetekk

Hell yeah, buying more ETH and staking it long term. There are plenty of naysayers, but a simple google search will give you a plethora of realistic use cases. It’s also deflationary, which means at some point, there can be supply crunches. Yes it’s volatile and chart go up and down but usually it goes up higher every single cycle like clockwork. To me it’s an easy choice to make… especially at $1940 a pop, you kidding me?

PanicDry

No, not really. It's slow and outdated and the fees are through the roof. I sold my ETH a year ago. Something else will gradually replace it. I thought it would be SOL, but it doesn't look like it anymore. It might be SUI or XRP but I don't have a crystal ball. My best buddy is convinced it will be HYPE. On the other hand, sentiment hasn't been this low since, well... ever. It's unlikely to stay at this level. The same people raving about crypto 4 years ago are now declaring it's dead again. That means we're close to the bottom. Whenever it goes up again, they'll be there to by the top again and provide our exit liquidity.

houston187

You bought 5 years ago? Well, 5.5 years ago ETH was chillin around than $200. If you haven't made any money, it's because you waiting and watched ETH climb a staggering Three THOUSAND, five hundred percent in a matter of months only to purchase at the top.

mwdeuce

THIS, it was always bells and whistles and smoke to juice ETH price. The only real use case was to mine new coins on the chain and to start a fresh new grift with more bullshit "feature" hype.

houston187

ETH is dead. Sell your position. Or since you don't need the money, you can transfer your eth to me and I'll hold it. I'll keep it safe. Cause it's dead.

Gunter5

>BTC does not work and it's actually worthless True but ETH is marginally better

Expert-Yesterday-709

BTC quantity is finite and set. People collect them like Pokémon cards knowing the supply will keep dwindling with time. This is not the case for ETH.

Expert-Yesterday-709

I believe in ETH’a usage, but treat it on par as oil / gas. If it’s too expensive, the network doesn’t get used as much and other networks pop up to compete with it. If it’s cheaper, more dapps on it get used (either directly or via Layer 2-3s / rollups). If you hope it’s price will moon, that simply wont happen

Current-Band569

No, that’s not the point. The point is that in order to run your smart contract, you have to pay, in ETH, for each “cpu instruction” (called opcode in ethereum) your smart contract invokes. This means that if ethereum blockchain is popular and has cool shit on it that people want to use it, they have to purchase ETH. Thereby driving up the price of ETH. Unfortunately outside of stable coins (not for retail), degenerate gambling on random tokens (through decentralized exchanges), and polymarket (not totally on ethereum blockchain) there’s not much for people to do on there. I guess the yield stuff was pretty fun in 2022, which I guess might come back when interest rates are forced to near zero. Watch out for the Ponzi schemes tho!

erov

Robinhood and others are allegedly betting big on a ETH backed system to trade and settle 24/7 instantly.. no more waiting 1 day bs. Note I said allegedly and I am not 100% on this news.. DYOR.

DrHarrisonLawrence

I thought you could only stake with like 100 ETH? Whats the minimum to stake now?

Some-Internet-Rando

If cryptographic anonymous smart contracts are actually ever a good idea, then ETH is likely the blockchain that will power them, because while it's not the absolutely strongest technology, it is strong, and it has all the mind share. Thus, if you believe in the technical fundamentals of blockchain commerce, ETH is a reasonable hold. If you're just in it to yolo on gambling, I recommend buying $NVDA instead.

averi_fox

ETH is way more useful than BTC. Stablecoins, exchanges, perps, tokenized stocks. Tbh this thread seems like a buy signal, inverse WSB especially when no one knows the basic things.

Imgoin2brich

ETH is controlled by a network of people who are basically under the thumb of Putin Thats why it has not climbed much past prior highs. Its being diluted down and more coins continue to be mined There is no set amount like bitcoin  You bought the wrong coin, champ

TowlieisCool

Who is we? ETH is the gold standard for Defi, if you don't know anything about crypto, why even bother commenting?

TowlieisCool

ETH Defi has $[53B](https://defillama.com/chains) in TVL and $1.85B in daily on chain volume.

mattenthehat

ETH specifically? Never believed in it.

MeaningNecessary613

Yes, you should start a company called MacroStrategy and start buying more ETH.

wrestlingchampo

No, but FWIW, I believe in ETH long term more than BTC. ETH at least attempts to make a value proposition based on utility. Not so much with BTC.

TowlieisCool

You can earn 4% APY on native ETH staking alone.

MotanulScotishFold

Yes, I do. Just because you bought at 3432$ and you're at loss it's not ETH fault. My average is at 2100$ which I'm also at loss but if it goes below 1500$, i'm ready to accumulate again as compared to BTC, it did not performed parabolically yet so 5000$ is very likely at least. Just buy and have patience.

Gimme_All_The_Foods

Stop letting the endowment effect guide your purchases. Taxes aside, if you had $7,779 in cash, would you buy ETH with it? If you wouldn't, then you shouldn't own it now.

virtualbitz2048

I mean, from a technology perspective BTC is going to hit a brick wall at some point and go to zero unless it's forked. ETH moved to proof of stake, which in theory makes its time horizon infinite, as well as reduces it's power consumption to like 1% of what it was previously. From that perspective ETH vs BTC is like comparing an IBM mainframe to an M5 MacBook.

zero0n3

ETH literally has more utility than BTC simply because it has smart contracts that live on chain. It’s how other coins are started in fact.

xViscount

How on earth are you tying generative AI (that runs on data centers and electricity) to burning ETH? Even Evel Knievel is amazed at the leap you’re making

zero0n3

ETH has smart contracts, BTC doesn’t. ETH is used by a lot of other chains as the starting point via the contract system. I don’t know how it all works nor fi I know if that means long term it will have value, but I do believe any blockchain without a smart contract system as part of it will eventually fail or never be adopted.

gjbaca17

False. Every instantaneous moment in time you don’t sell, you are effectively making the decision to buy at the price of whatever proceeds you would receive. You just bought ETH at your current value infinity times just reading this. 

Philosopher013

I believe it could go up again, so I'd rather not sell for a loss right now...but I kinda wish I just had BTC. It seems like none of the cryptos are really going to be used for anything other than speculative investment that just correlates with tech stocks, and I think BTC is more likely to do that long-term than ETH.

Traberjkt

Stake and Chill. If stables are ever a thing ETH is the rail.

EnCroissantEndgame

I'm not sure, but the long term value of every asset is 0 on a cosmological scale. Eventually everything on earth will be ripped apart as it falls into a black hole. I know that's not useful, but the reality. However, in this lifetime I doubt it will go to zero but that's not the question is it. Does ETH perform better than any other asset class from now until the next century? I kind of doubt it would. Just think about it clearly for a minute, how much "money" is needed in the world? Not much, since money only has value for doing transactions. Most things are not being transacted with enough that money supply needs to be more 25% of the world's total assets. Once you reach about 25%, increasing money supply doesn't really increase the percent total of money supply as a fraction of total world wealth, since even though numerically there will be more money, all the other assets will increase in value by the amount of the money supply increase or more. So even in a world where money supply was somehow completely fixed, it would asymptotically approach the real return of the entire world's asset increases. Seems like a better bet is to own those assets that are increasing in real value.

RaisePotential6558

I believe ETH will be the #1 coin in crypto eventually. However, when the market wakes up to BTC being worthless, it will bring upon a crypto winter that will be talked about in the finance history books. It will send ETH down a lot more which will then be a really great buying opportunity.

tdogger88

Does anyone else think this is so comical that during these crypto bear markets we question the existence then we go up 2-4x and it’s the other way around, it’s discussion about how it’s going to takeover the financial system. People are psychological driven. ETH will be $10,000 in the next few years, many of us don’t care about short term swings.

Previous-Device-4604

Is this the ETH bagholder

BodybuilderFlaky6143

He never actually paid anything for it. They just paid him a normal promotion fee in whatever currency he wanted and then gave it to him. He had his own shit NFT company that only cost like 0.5 ETH to actually nint. Idk if he made anything but he didn't lose anything either 

alderson710

NFLX, FIG and ETH are an absolute POS

Majestic_Category328

$1 micro-service in 5–10 min: translate up to 120 words / 5 title ideas / short promo copy. Payment: crypto (USDT/BTC/ETH). Reply to this message.

Fun-Journalist2276

big money coming into ETH and BMNR

Alcophile

Gold is nuts? Are you nuts? Gold and silver have been money since time immemorial!  The only other assets that might qualify as real money at this point are BTC and ETH...

Cav829

I did do some basic numbers crunching and technical analysis on it and figured out it'd be pretty easy to make a quick buck on (at least BTC and ETH) right now as they aren't going to go to $0 overnight, but thankfully all that bullshit with the spread made me realize quickly it wasn't worth it.

Own-Cartographer409

You have such a reasonable strategy and excellent execution. I believe you can continue to grow your assets if you maintain your current pace. My options exchange, [CallPut.app](http://CallPut.app), will soon offer U.S. stock options (currently we only support BTC and ETH options). I would love to invite you to try the platform.

iwasshotbyatigeronce

Now that all of those options on BTC / ETH have expired worthless... The dumb begins.