Yukon Cornelius said:

---

lol nah

---

Friendly wager? Already got one going with another crypto expert on this thread.

I'm pretty sure that's me haha

Don't think so, you'd definitely know. Unless you have another handle. It's five figures and took a long time to sort because the other guy is scared of volatility

Ha definitely not me then

@NFLPlayerProps said:

---

Yukon Cornelius said:

---

lol nah

---

Friendly wager? Already got one going with another crypto expert on this thread.

---

You think ETH and BMNR are cooked long term?

If so, why?

ETH is a ****coin. Google "ETH supply issuance schedule" and see if you can make sense of it

@NFLPlayerProps said:

---

ETH is a ****coin. Google "ETH supply issuance schedule" and see if you can make sense of it

---

You're pro BTC, correct?

What's up with Vanguard and crypto ETFs? Does this move the crypto market up?

Theoretically, demand is going to get a boost which should help the price given the fixed supply.

That said, they're two years late and I have to think most people interested in the ETF have found a way to buy it. I'll be surprised if there is a price spike simply because of this.

flashplayer said:

---

Heineken-Ashi said:

---

@NFLPlayerProps said:

---

Heineken-Ashi said:

---

Hope yall got out of MSTR and all of its products.

---

I did, but this feels like a bottom (assuming BTC can hold). They just raised ~2 years of preferred payments in one week

---

It's not. But good luck.

---

Sorry if it's not that far back in the thread but what are you looking at? $50,000?

---

I was talking about M STR not BTC

flashplayer said:

---

Heineken-Ashi said:

---

@NFLPlayerProps said:

---

Heineken-Ashi said:

---

Hope yall got out of MSTR and all of its products.

---

I did, but this feels like a bottom (assuming BTC can hold). They just raised ~2 years of preferred payments in one week

---

It's not. But good luck.

---

Sorry if it's not that far back in the thread but what are you looking at? $50,000?

---

I think its possible we go that low so I'm holding onto some cash. I'll probably buy a little again if we get to 80K, then again around 75K

I doubt we get that low. Liquidity is coming with new Fed chair next year. Then the next halving will get front ran.

crypto flying high today

jamey said:

---

crypto flying high today

---

BTC resistance is $96k-$98k. If it can't clear that, prepare yourself with low to mid $70k range next.

I don't believe you or your damn Fibs!!!

What's your timeline? This week? YE? Just curious.

carl spacklers hat said:

---

What's your timeline? This week? YE? Just curious.

---

This week or next for hitting resistance. As early as the week before Christmas to the second week of January for the low should it fail to break through.

@NFLPlayerProps said:

---

ETH is a ****coin. Google "ETH supply issuance schedule" and see if you can make sense of it

---

Those labels like "Homestead (Block time increase)" and "DDOS" are interventions by humans to change the supply issuance schedule. Anyone holding ETH is at the mercy of Vitalik and/or Ethereum Foundation's whims about how many ETH should exist moving forward at any time. It's the opposite of sound monetary policy.

Maturation process. Last several years have been nearly flatlined. Vitalik doesn't have the autonomy you claim.

Truth bomb: there is no difference mentally from the no coiner and btc maxi. Both think their system is irreplaceable despite what's happening in real time. They are just on other ends of the spectrum.

No interest in the nocoiner/maxi BS at all. As more currencies trend digital the most important point of differentiation is the credibility of their monetary policy IMO. Many people disagree and I wish them well.

According to Cointracker there is no wash sale rule so you are allowed to sell "****coin A" and then immediately rebuy and it still comes off as a tax loss

TxAG#2011 said:

---

According to Cointracker there is no wash sale rule so you are allowed to sell "coin A" and then immediately rebuy and it still comes off as a tax loss

---

Yeah they're not considered stocks so that is a benefit.

Edit

Anyone got thoughts on Hedara / HBAR USD?

I see they've got an ETF in HBR

jamey said:

---

Anyone got thoughts on Hedara / HBAR USD?

I see they've got an ETF in HBR

---

This is one of those cryptos projects that I actually like. The hash algorithm is actually pretty good and there's visible application. There's a lot of noise around larger projects...like XRP...keeping it from gaining more recognition and momentum. At current price, it's still a gamble, but not an expensive one.

To me the bigger picture is about securing the network in the future vs monetary policy. The btc position is limited supply and the network is secured by future speculative price of btc. The danger is if the price doesn't always go up the network is in danger of losing miners and thus security.

So the opposite approach is to have no limit to always be able to incentivize security of the network. In eths case high price actually works against it as people unstake and sell.

So it's an interesting debate to me.

Yukon Cornelius said:

---

To me the bigger picture is about securing the network in the future vs monetary policy. The btc position is limited supply and the network is secured by future speculative price of btc. The danger is if the price doesn't always go up the network is in danger of losing miners and thus security.

So the opposite approach is to have no limit to always be able to incentivize security of the network. In eths case high price actually works against it as people unstake and sell.

So it's an interesting debate to me.

---

What do you think about these projections with ETH going to 6K, 12K...even Tom Lee has said 60K


At what point is the price prohibitive to the function whether its thru gas price or people unstaking

jamey said:

---

Yukon Cornelius said:

---

To me the bigger picture is about securing the network in the future vs monetary policy. The btc position is limited supply and the network is secured by future speculative price of btc. The danger is if the price doesn't always go up the network is in danger of losing miners and thus security.

So the opposite approach is to have no limit to always be able to incentivize security of the network. In eths case high price actually works against it as people unstake and sell.

So it's an interesting debate to me.

---

What do you think about these projections with ETH going to 6K, 12K...even Tom Lee has said 60K


At what point is the price prohibitive to the function whether its thru gas price or people unstaking

---

Price predictions: Who knows. I remember when BTC was struggling to get past 10k. It kept getting rejected and people made price predictions it would eventually hit 40K. I thought that was crazy at the time. In the short term it seems those are high. But i can us getting over 6k eth within 6 months. Especially after we get the new fed chair.

Price of eth is irrelevant for gas fees. Gas is paid in eth. So as price of eth goes up, it requires less of eth to pay for gas fee. The unstaking is legit sell pressure. There is a que that takes some time so it cant all hit the market at once. I think if all the eth was unstaked it would currently take about two years. But thats why someone like BNMR and these other groups are bullish. They are long term stakers regardless of eth price. They can leverage the high price of eth to raise capital vs having to sell the actual eth. Eth is being cycled from early buyers into institutions. It may take a little bit of time before the impacts are fully realized price wise.

I think the most secure network is the only immutable one governed by physics and math instead of one (of many) controlled by a small group of fallible humans who have already proven they can and will completely change the rules of the game as they go.

The market ultimately decides the innovation and changes to the networks not a small group of people. The previous chains before forked still exit and people are free to use them. The activity is non existent because the market at large is in agreement with any changes the networks have undergone.

And the btc network has also changed so it's not unique in that regard. And ultimately there's nothing truly to prevent BTC from changing in the future and changing total supply. If it loses the economic incentive to run the network don't be surprised to see that idea gain traction.

I say all that and I'm still a big proponent of BtC. It's about 75% of my crypto portfolio. But I try to think of things as fundamentally correct as possible.

Consensus rule changes being adopted/not adopted by a truly decentralized node network is not the same as Vitalik et al. making adjustments as they see fit.

The average ETH staker, validator, etc. can make their opinion known about an EIP but ultimately the core devs push the EIPs they want into an upgrade and that's essentially final. They determine what goes in by "rough consensus", whatever the hell that means.

If I run a BTC node, and don't like the network changes in core v30, I just don't upgrade to core v30. My node will not process any transactions relying on consensus rules unique to v30. I am not forced to accept any changes to the network unless I choose to.

If your node is not processing TXs then you are not earning any rewards and aren't securing the network. Is anyone still running nodes with V1? This is why innovation on the BTC network hasn't really happened. Its greatest strength is also in a way its greatest weakness.

Yes the foundation plays a lead role but ultimately it's the miners and market who decide. For some time the foundation has had a tremendous influence based on their holdings but it is increasingly diminishing. But it's allowed for innovation that's been a real positive.

We don't have to theorize really. Institutions are running millions of dollars on ethereum. No one is running anything on the btc network to any level of significance.

So in a theoretical vaccum the BtC model's difficulty of implementing changes might seem like a positive but in real world application it's causing it to become outdated.

You can go back several years and read all the narratives for the future of the BTC network. They primarily have all devolved into "digital gold" that just sits on corporate and government balance sheets. That's about it.

Ultimately I think the comparison between the two is irrelevant. You don't compare cars to boats because they are designed and built for different functions and so here to is the case I believe.

With all due respect, so much of that is just completely incorrect.

It's extremely unlikely ETHBTC will ever surpass its ATH. On phone so not going to bother with pulling up the chart but I would encourage you to. Not trying to talk you into or out of anything but some of your information is very misguided

No doubt the ethbtc chart has been brutal last two years. BTC has killed eth in price performance. I wasn't bullish on ETH until May of this year when I saw some of the institutions seriously talking about using it. I've been following JP Morgan's crypto exploration for 3 years now waiting to see which direction they go. Still they can change but it seems as if Ethereum is their choice. So for me I'm indifferent to ethereum as a whole other than that's the current preferred network for tokenization. Adapt or die as they say.

If I'm misspoke on any of the technical stuff please correct me.