The lender wants the expected price inflation to be lower than expected interest, otherwise, he does not lend. Also, the substantial holding does only make sense if you expect prices to fall. If you expect the prices to rise and nobody is willing to give you risk-free yield above expected inflation, you should get rid of money.
Maidsafe would be comfortably at $20 if we were comparing it to filecoin at this point. Really wild to think about the upside and the potential oppurtunity loss.
I think it is being pulled up in to a massive black hole… it’s passed the event horizon - no turning back, faster and faster from this point in… only one direction available.
What created the black hole? Money printing and other banking shenanigans.
I’m very long MAID, but shorter term… I’ve returned to BTC and bought as much of BTC as I can this month, and I’ll tell you… fiat doesn’t buy much of it these days. Hedging my bets. It just feels like somethings up short term. Going to throw in EUR 50 in per month.
Mark todays date… expect BTC to dramatically now crash… I’m probably the shoe shine boy.
I think Bitcoin will be around for a long time, and will hold good value. It may crash and rise, as we’ve seen in the past several times, but I think it will continue trending up for the foreseeable future. I think Ethereum or Cardano will end up being the long term winner out of the blockchain based cryptos, though. They still hold some added value, even if the Safe Network is a success and SNT moons.
Safe Network/SNT would make most other crypto projects moot. Hopefully people see the potential, and we can wipe out all these shitcoins.
I’ll have to strongly disagree @Dimitar. Give all the TIP bitcoin episodes a listen. Lightning is way faster and cheaper than anything on Ethereum. The smart contracting stuff that is on chain multi-sig honestly sounds pretty amazing too.
I do get what you mean about ethereum being layer 2 though because of the apps but also keep in mind that regular apps can integrate lightning and DLC’s so at that point what would be so special about ethereum?
To be fair ethereum needs its own layer 2 to even operate. I will say one thing I think I’ve personally been wrong about crypto. I thought that all the first movers would automatically win. I believe more so now that we are finding out that bitcoin has won but everything else is still up for grabs regardless of what the stats show so far.
People do not care about the high fees. What does it matter that you pay a $ 50 fee if you make a $5,000 profit? The 12000 percent more Bitcoin on the Ether network proves it…
I think the disregard for it currently is bc of its infancy. This is no different then in the 1980’s everyone had a stock broker that paid then spread in 1/4’s then in dimes. Then eventually brokers had flat fees, $100, then $50, the online brokers were $10 and now it’s free. People see it as a cost of doing business SS but slowly those attitudes will change and it will need to change for people who aren’t making $5000 trades but are making $500 trades. No one has won anything yet, the proof is not in the pudding.
To be fair, much of that was bought before fees got extravagant. People new to crypto are often wanting to put $100 at a time, and ETH makes no sense. Its why binance and its dapps have taken off the last few months.
All that proves to me is people rich in ether bought bitcoin and wrapped it to add more liquidity to ethereum. It’s a power move, a flex, somewhat useful but not much more than that.
Lightning network was hyped and slow to roll out so people forgot about it mostly but now it’s getting built into apps. All people will care about is functionality and like @waveman352 said, at a cheaper price.
Ethereum isn’t going to go extinct or go to zero but I think the scaling solutions on bitcoin will be far more successful and competitive than any of us would have previously given credit to. All I’m saying.
You’re wrong. Many people, including me, moved Bitcoin to the ether network to take advantage from DeFi products. There are many pools in which you can make a pretty good annual return without being rich…
See for example this pool: Curve HBTC, you will see that there are many people who have deposited small amounts
You kind of just outed yourself man. You moved bitcoin to ether as a business decision to use defi and under the current choices, what happens when those choices change and things evolve? All your chart shows is movement toward opportunity and the current cost of doing business is high. Something will give eventually.