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Lark Davis Shared: Those Ethereum staking rewards are going to be sweet AF when $ETH hits 20k!
Community Response: Yes, Lark you have 32 ETH. Well done you. Now for normal people that don’t have 32 eth. Swap your ETH for ADA, stake (minimum 1 ADA) and earn rewards.
It will never hit 20k because ETH is messy. Ethereum is biggest and fastest protocol that the world has ever seen, it is only getting bigger.
I hope you are being sarcastic right now. What are the best places to stake Ethereum? any guidance you can give? How many people are still going to want to stake when $ETH is at $20k? I anticipate some hard selling even before then! So much eth will be dumped next year. And when will that be? I don’t want to upset you, but Ethereum will never cost $20k. And You are VERY wrong.
ETH is losing the battle. Trying to be sound money not happening, unlimited supply. Layer one leader, nope, gas fees and burning money from users while they still mining. Staking, nope, same if not less than other projects 5-10%.
Ethereum has too much competition that’s cheaper and faster to hit 20k. Because of its outrageous fees, it’s basically unusable for small investors.
Imagine the gas cost being 5x higher than now, usage will be at all-time lows, inflation will be running rampant again. Little chance under the current model. Will be a long way down if it was to FOMO pump there.
It’s sad that you have to pay 20 dollars fee for 1 dollar transaction ETH.
Fees is their main business. There are many alternatives available. Fees that go to miners and are burnt are who’s business exactly? This is because the price of Gas is determined by the demand for block space, which is the result of an auction-like process in which users “bid” as they wish, and then miners sort and pack the transactions into blocks based on their bids.
That’s cool still doesn’t justify spending $50 a transaction just to move coin.
Problem with people mindset is they always think coins which already pumped as great coins. But coins which didn’t pump yet or in deep discount are the ones that give you major profits.
So, I should Be buying Ethereum? Even if I am not a wealthy guy? You know the gas fees are not for everyone. And where do you stake it?
Just optimize your trading hours. Or change the way you trade. As well as rationalizing the number of trades you make and deciding carefully on each trade. Now with the arrival of L2 and ETH 2.0, GAS will no longer be a problem. That’s why I always believe in ETH. I have been holding it on Bitfinex for a year and not willing to stop.
I’m so tired of influencers talking about the “what if”, from the state of the market ETH won’t make $20k.
Although I am very optimistic about ETH, I think ETH will reach 20k, but it will take a long, long time. if it can get to 5K most people will be happy. Let’s hope, I spent my USDT on something really worthwhile. I believe ETH will rise in price soon.
How much do you think ETH will rise next? Do think it’s a good idea to borrow against your assets and purchase more now when the price is low and no more fiat left to spend? How about paying back that what I borrowed? Any strategy for that?
The market is still in a period of oscillation. Don’t take it easy with risky contracts or leveraged trading. The best way to handle it now is to wait and see what happens. Or use passive income to steadily increase your assets.
