Re:Cryptocurrencies add nothing useful to society, says chip...
by AviationAtom on Sunday March 26, 2023 @06:20PM
(#35320259)
That's the problem with many hyped assets: they're only profitable in the short term if you buy in before the pump, and sell before the dump.
I still believe Ethereum is poised for a fair amount of growth in the long-term, though likely nothing near the rise it's enjoyed in it's last run. I say that only because it's an on-ramp to so many other cryptocurrencies.
Re:Cryptocurrencies add nothing useful to society, says chip...
by anonymouskimmer on Sunday March 26, 2023 @06:34PM
(#35320403)
For those with enough Eth to stake, Ethereum has the bonus that so many stocks due: perpetual dividends. Unlike stocks Ethereum, as a whole, doesn't have a liquidation value. The dividends are it. And your particular share of the pie can be constantly diluted by further stakes. Is a vote required to allow further stakes? Or can anyone stake if they meet criteria?
This strikes me more like a buyer's club than a stock.
Ethereum was a better deal during this time, but you'd have to know to buy it. And some people really made bank on altcoins, but again, right time to buy, right time to sell.
There's a limit on how much the crypto market can be worth with people still able to use it as a currency to buy things. Logarithmically we're closer to the top than to the original bottom, though like all markets timing can still yield very good returns, especially if everyone else is hodling like Fort Knox.