whats a super bulltard price target for eth?

25k eoy

People talk about BTC reaching the market cap of gold, which is 10x BTC's current market cap.
People also talk about ETH surpassing the market cap of BTC (the so-called flippening). That's about 2.3x at current prices.
If both these things happen, we get 10 x 2.3 x $4,000 = $92,000.
I'd say that's the most bullish long-term price prediction: about $100K.

Short-term (i.e., this cycle), I've seen $27,000 bandied about:


(Personally, I think $10,000-$15,000 is a more reasonable price target for this cycle, but you asked for a super bulltard price target.)

technical analysis, smart sounding nonsense

What would be the best strategy if "the flippening" ends up happening? I imagine it will get dumped pretty hard? But who knows...

I think ETH is one of the only non-BTC confirmed winners, this has been decided for a minute now. But yes... ETH is getting pretty hot, it's tx fees make the somewhat interesting network completely unusable. And there will probably be a bubble pop of some sorts, if nothing else one related to BTC at least.

I think that yes, it might even be probable right now that it flips BTC temporarily before it dumps but still maintains a high % of the overall crypto market share. Then there will be some latency between the next BTC halvening, tech innovation and ETH 2.0.

Tons of speculation on the above.

Longer term, I think a bet on ETH is a bet on whether or not it's future hard forks / 2.0 can come off quickly, efficiently and safely. Those are all "probablys" but none of them are for sure.

at this rate i'll be updating this joke for 5k by end of the week

Completely agree

This statement is beyond absurd on multiple levels. The network is unusable because... *checks notes*... too many people are using it. What? How does that work? This is like saying a restaurant is not working because it's always booked.

On another level, BTC faces these exact same constraints under greater use. Most of the time, simple BTC sends *still cost more* than simple ETH sends. I know I know, BTC is for HODLing, you're not supposed to transact. Stack sats!

The biggest difference between the two is BTC development has accepted layer 1 ossification for better or for worse, and more or less gone all in on the broken Lightning network for layer 2. Meanwhile, Ethereum is set to scale ~6500x with Optimistic rollups x PoS in the near future, with many parallel approaches that will further multiply on top of that including but not limited to Truebit (already live), Matic (already live), zk rollups (already live with dydx, Loopring, etc), sharding.

BTC people still talking about the halvening? What % of coins sold daily were mined that day? Other coins have better stock-to-flow than bitcoin, why do they not go up endlessly? Why does s2f only apply to BTC?

If you love halvening/stock-to-flow, it should be obvious that you should sell all of your BTC for ETH right now, as ETH emission is going to drop the equivalent of 3 halvenings in the next ~year. Net emission would be negative at current level of use with eip-1599 + PoS. The ~$90m paid in gas fees yesterday would mostly go back to ETH holders under eip-1559, and would entirely go back to holders under eip-1559 + PoS. And on top of that, you can use your ETH productively as collateral in DeFi or as stake in PoS.

Longer term, ETH vs BTC is a bet on :
1) whether blockchains are only good for decentralized money or also for [truly] decentralized applications.
2) the extent to which flexible/Turing-complete blockchains can scale without sacrificing trust assumptions
3) the extent to which the long-tail of users cares about BTC's virgin birth/"fair launch" -- I think it's obvious the answer to this already is "not at all", based on what we're seeing across dog money shitcoins these days.

Btw uniswap v3 is truly fantastic. The best crypto app ever created, tremendous engineering, solved all the problems v2 had.

A super cool part about v2 was that your position auto-compounded *each trade* automatically. That's no longer the case, but on Optimism/with low gas fees, it doesn't really matter. And in any case, the benefits of it are so great that it's worth giving that up. Market makers can provide tighter quotes, more passive people can create curves/ranges that reflect their own preferences, different fee tiers removes the original 30bp mis-parameterization. Ultimately, the capital efficiency helps everyone -- LPs can provide more liquidity with less capital, and traders still get *better* prices with 1/10th the liquidity provided.

In addition to that, there are far less sandwich attacks because of concentrated liquidity, saving honest traders from this invisible tax.

I am really excited to see this on an Optimistic rollup

Can someone explain how safe is defi in terms of staking/LP's/vaults.

These exploits are a bit worrysome for someone who doesnt understanding coding.

How would i best equip myself to know what are the safer protocols out there in terms of being insured/ higher security?

Any advice/ comments welcome thanks in advance

Look at things like:
-how much money does it have in it?
-how long has it been around with X amount of money?
-is the code the same as some other contract that has been live in the wild/battle tested? For instance, a lot of projects use Synthetix staking contract or SushiSwap MasterChef as the basis of their own staking contract. Careful though, even changing 1 line of code can make it vulnerable

Always practice risk management by limiting your exposure to specific contracts/classes of contracts, only risk what you can afford to lose, etc etc

Went to move some money from Compound. $300 for the transaction. Guess I'll wait. Ethereum better figure their **** out. I'm loving Bitcoin Cash right now. It's pretty much the only usable crypto for the stuff that Bitcoin was first used for. Like when I went to deposit some money to bet on the derby, I used bitcoin cash. Guessing BCH has been outperforming for this reason.

Thank you

Can you not accept that fees are insane right now and are making the network unusable for 99% of people that would theoretically want to use it at some point in the future?

A restaurant that is always booked is a successful restaurant, but if they can't get their **** together fast enough to open up multiple locations before the demand goes away then that is a failure of a business.

Ethereum is valued at half a trillion goddam dollars right now. That's a big ****ing bet on the 2.0 transition.

If a new restaurant gets awarded 3 michelin stars and they jack up their prices to average $2k a head and still sell out every night, is that a failure of a business?

yeah these fees are insane, it works now because people are speculating and assuming huge gains, if market ever stagnates people won't pay that anymore and entire thing collapses

How does it feel to be dumber than a complete moron? lmao suck it fish

Can you explain the maths/comparison in a bit more detail please? I understand that if usage is high enough that base fee burns exceed daily block reward issuance then eth monetary policy would be deflationary and that POS helps too, but putting it all into numbers is hard to understand in comparison to bitcoin. Do you think there will be a similar effect as with bitcoin of shooting price to say 20k?

Anyone heard of ankr?

Ankr eth (Ankr's eth staking bond) redeemable for 1 eth + accrued staking rewards, is available for 0.97 eth on uniswap. If we were in an efficient bond mkt it would be 1.05 eth.

So you get staking rewards + you earn from the discount. Pretty good if you're considering staking through ankr.

interesting, will look into this, i have some ankr

^^

If you find ethereum unusable, it's simply because your transactions aren't large/important enough to pay the prevailing fee rate for them. Once dog ponzi season comes to a close, things should calm down (we had weeks of 25-50 gwei before this). I'm hopeful in the relatively near future it won't cost $200+ for a swap-- but, under eip-1559 and PoS, all this revenue goes back to ETH holders. Bullish

We all hate high fees, and things are being done about it as we speak.
-Optimistic rollups are coming
-Flashbots getting better and more important
-There's a push in the community to get Uniswap to deploy on Polygon before Optimism (Uniswap using like 30% of ETH gas-- tokens like SHIB used 10% alone a few days ago)
-PoS testnet just went live
-if it is deemed safe, maybe raise the block gas limit again
-many other things not named

Why 1.05? I bought some creth2 that is even cheaper.

Elon giving ETHBTC the full send to .1