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Thomas
@aviationdoctor.eth
I didn’t write this, but it’s increasingly my view as well. Which means that I’m now more into Ethereum for the tech than I ever was (except at ICO, where I got in because I thought the tech was cool).
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androidsixteen
@androidsixteen.eth
In a world of increasing chaos and instability, “safe” and “not risky enough” is a great thing to be
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Connor McCormick ☀️
@nor
I'm basically here because of the quality of people. In the long term those are the network effects that actually matter. my hunch is that the useful things will be built on Ethereum, not necessarily because of the tech, but rather the tech is a reflection of a certain cultural ethos of pragmatism that I think wins
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@chaskin.eth
I usually don't talk about prices and prefer sticking to the tech, but I'll make one comment that people don't talk about enough imo: the opportunity of airdrops for holding ETH. Since the bear market began, I'm up more from holding ETH along with my ARB and TIA airdrops than I would have been holding BTC
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Bart
@bartolomev-my-tx
That's if you assume BTC security will be fine over a 10-20 years period. I don't.
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indy
@indy
Do you think there'll be much of a price movement when the BTC ETF is approved? The expectation being that an ETH ETF will follow soon after
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Kaimi ⬆🎩
@kaimi
bullish reading your post remember BTC/DEFI barbell strategy from 2020? :D same vibes
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Jelly Jiggle
@jellyjiggle
You could've said the same thing last cycle, yet ETH ripped from $80 to $4700 anyway.
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Ryan Berckmans
@ryanb.eth
One thing I think this author may be missing is that the authorities and Wall Street have largely written off Ethereum. We can "speculate" that Ethereum will eventually become the legitimate global settlement layer. If that happens, ETH will see massive buy pressure from the people who have written it off today.
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Dinesh Raju
@dinesh.eth
I get this view but IMO people will realize ETH & BTC are fundamentally different & not just equivalent assets at diff points on a risk spectrum BTC = gold. Staked ETH = treasuries. Buying treasuries taps into the growth of a sovereign’s economy. Staked ETH taps into growth of the decentralized internet’s economy.
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clout
@clout
I personally believe ETH will outperform much more than people expect, and I have a theory that 5x leveraged ETH will outpeform 99% of crypto especially from a r/r perspective holding eth in responsible long term leverage is the alpha play
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kerman
@kerman
What's the alternative strategy you're taking? Solana feels like a good play with lots of upside even if it just reaches ATHs again. Potentially looking at FIL but hard to say as you get deeper into the casino.
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Latetot
@latetot
Establishing monetary premium- which is what every L1 token needs to do to survive- is a long process and requires that you survive stretches of pessimism and panic. Eth is well on its way to doing this. It’s over 400 days now without an increase in supply and security at all time high. No other L1 comes close
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