Thread 60783141

how much time do we have?

>>60783141 (OP)
not a lot, mid september i reckon.
i hope the top is not in already i havent sold any eth yet.

>>60783141 (OP)
Is this faggot bullish on anything? All he ever does is say things are gonna go down. He probably thinks he’s being clever but baiting retards to try and short every pullback in a bull market is actually more scummy than Carl from the Moon etc

>>60783141 (OP)
Honestly, get out now

>>60783194
He's German, so it makes sense that he thinks he's smart when in fact he's a brainlet. This is a very common trait among Germans.

>>60783199
no thank you, im not selling anything until we get to 5k at least, not my fault the Ethereum foundation are stupid paper hands niggers

>>60783209
So you know how the last bullrun ended? Exactly one day after the ETH foundation sold.

Also, zoom out on the chart.

t. sold 10h ago after holding 2 years

>>60783270
>t. sold 10h ago after holding 2 years
you're a liar, no one mentally sane will hold ethereum for such a long time, did you not sell in December last year?

>>60783270
I don’t hold any Ethereum but if you think a 13 mil token sale means anything at all to a multi hundred billion dollar asset you should be declared incompetent and have a legal guardian take over your finances.

>>60783305
the EF are insiders, they know exactly what's the top for this cycle thus making preparation to get out as fast as possible

>>60783278
I expected a new ATH by March this year instead the crash happened. Since then, I waited.

>>60783305
See >>60783322

>>60783141 (OP)
literally everything is mooning

>>60783270
ETH foundation is selling at least 1k ETH every fucking week for whole 2025 you stupid faggot

>>60783322
>>60783349
You guys should familiarise yourselves with the rest of the market. There’s constant massive unlocks and sales, XRP sells billions of dollars worth of tokens a year. A major project can sell 100s of millions of dollars worth on a random Wednesday afternoon and it means nothing to the market.

13 million dollars from the Ethereum foundation is as impactful as the steam off a turd

>>60783395
difference being that they can do this. meaning the supply isn't actually very limited. bitcoin doesn't have some gay ass foundation that can just print more to sell like these stake scams do

>>60783395
>13 million dollars from the Ethereum foundation is as impactful as the steam off a turd
you have a way with words, anon

>>60783394
>>60783395

Overall, EF selling is just one reason out of many. EF is good at finding local tops due to data availability.

The real question is If we have a new ATH in the next hours/days.
> If yes: Price discovery, ETH pumping 5000$+ Most likely
>If no: Rejection to <4400$

Looking at the monthly and weekly chart we are overdue for a correction. Therefore, I assume a local top and rejection at ATH.

I bought around 1600$ and trade with 7 figures. My downside is much higher than my upside at the moment. Therefore, I sold.

Yes, even with rejection at ATH at the moment we can have a new ATH in Q4.

But honestly, why not sell now and buy in lower OR sell now and buy in after new ATH is reached to be part of the price discovery phase?

Btw, I was banned for something I did not do and needed to change my IP. Mods are manipulating the discussion.

>>60783532
Whatever makes you comfortable but I’d be careful with that philosophy “sell incase it goes down but I’ll buy back if it goes higher” I wouldn’t do that too often

>>60783532
>why not sell now and buy in lower OR sell now and buy in after new ATH is reached to be part of the price discovery phase?
If it hits the ATH and then dumps, we likely won't see another ATH in Q4. Honestly, it's probably better if it gets rejected around $4.7k, that would actually support the continuation of this bull run.

>>60783141 (OP)
Holy shit, this man is hot

>>60783729
>what's the story behind the photo

>>60783746
Airing out the stiffy over a nice can of monster. It’s very straightforward

>>60783199
They do that every month though

>>60783802
>lol

>>60784428
>believing in cycles
lol
lmao even

>>60784479
>it's different this time

>>60784493
It is different, and not in a bullish way. Crypto has got less substance behind it than it ever has, nothing is guaranteed until we see real world adoption (of which there was more in 2017 than there is now).

>>60784511
https://x.com/CatfishFishy/status/1955393115549729067

Are you one of those people with a massive blind spot for chainlink?

>>60784428
why is this such a boring cycle... in all other cycles you see these violent upward candles that continue for days/weeks, this cycle btc moves up 5/10% and then it's crabbing in the same spot for months before moving up again

>>60784557
I mostly base my views on what I see around me, and literally no one uses crypto for anything. Maybe institutions are lining up to use Chainlink, I don't really know. But until then I will wait for the day I can buy goods and services with cryptocurrency (currently stablecoins are the only hope of this, BTC was a failure and has since then become a zombie pyramid scheme, ETH is legitimately the only hope for the crypto ethos).

>>60784612
Bitcoin looks like a roaring success to me. I don’t get when people say it failed as a currency because it’s too volatile, did they expect it to go instantly to 10 million dollars a coin and then crab along nice and stabley at slightly less than the rate of inflation to encourage people to spend it?
I know you didn’t say that but yknow

And yea chainlink is plugging into everything like Eric Cartmans Trapper Keeper

>>60784681
When you take away the price and the exchanges, you find that Bitcoin has become less relevant today than it was in 2017 or 2020. Not only has it failed to get merchants to accept it as payment, most of the merchants that used to accept it have since stopped. There is nothing left but price and charts for Bitcoin, it has achieved no real adoption in 16 years and is now looking at a security budget crisis due to the lack of fees people are willing to pay to use it. How is it not a complete and utter failure?

Even Bitcoiners subconciously know it is a failure, why else did they pivot to the "digital gold" narrative? Why else did they abandon the dream of decentralized currency in favor of hoarding integers in a ledger? The single biggest risk to the entire ecosystem is Bitcoin and it *will* collapse and it *will* lead to this entire industry nearly (and possibly) dying. If Ethereum doesn't succeed in getting institutional and retail adoption before the bubble pops, then it was all a mirage.

>>60785095
It’s still digital cash for me. I’ve never once thought about it becoming a day to day payments system, it’s obviously too volatile, slow and expensive and none of that can change. It’s the one blockchain that has fully traded scalability in favor of decentralisation and security which makes it perfect as the ultimate scoreboard.
Hash rate is just vertical all the time, miners are not worried about the security budget. I think the block reward could be 100 times less right now and it would be fine, never mind in the future with cheaper energy and better machines

>>60785327
>I think the block reward could be 100 times less right now and it would be fine
Look at the current Monero drama to see why it would not be fine

>>60785347
Haven’t looked into it but I read they use CPU mining? With bitcoin you would still just have millions of ASICs scattered around the world either gathering dust or being put to work on solar farms or whatever

>>60785364
What makes you think an attacker with a large short position won't borrow money to rent those ASICs (either through bribes or direct renting) and attack BTC to profit off the price falling (as Monero did as a current example)? The security budget is the amount of economic security that Bitcoin has if miners are greedy profit-seeking actors (otherwise the whole security budget thing doesn't compute as it is not related to the economic security of the chain).

>>60785455
Well if the budget dropped by magic today then there would probably only be one block per day getting mined, exchanges would probably stop people from putting on 100 million dollar shorts in time. I just think it’s a mix of sunk cost mining, increasing energy efficiency and higher transaction fees that will make it a non issue. I’m always surprised the hash rate keeps rising as fast as it does, I think miners can live on a much smaller fee

>>60785455
Also I think Marathon mining are talking about building solar panels with built in asics, things like that could completely change the game. One day everyone with a solar panel on their roof will be a bitcoin miner

>>60785768
>solar panels with built in asics
While this doesn't get rid of the security budget problem, it is an interesting way of converting opex to capex. I hadn't thought or heard about this.

>>60783141 (OP)
Buy an ad faggot
No one wants to read your blog

>>60785779
Yea I heard the Marathon ceo mention it in a talk, can’t find anything about it now

>>60785768
>completely change the game
How is a solar panel with built in ASIC any different from currently having a solar panel and a miner separately?
>One day everyone with a solar panel on their roof will be a bitcoin miner
Nope. Bitcoin mining is only profitable when optimizing economies of scale so it will continue centralizing to massive mining farms. Average household won't spend extra $2k on a miner only to make $0.50 per day when not using all electricity the panel generates.

>>60785811
what game i forgot

p.s. i will never read your reply