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Author Topic: BUY 32 ETH  (Read 773 times)
Periodik
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November 10, 2020, 12:43:37 PM
 #21

If only I have the 32 ETH I would certainly be one of those who are depositing such amount for staking. I am a fan of Ethereum and am one of a lot of people who are waiting for the ETH 2.0 implementation to happen. I am holding ETH in my wallet but only an amount which cannot even reach half of the staking requirement.

This is nice hearing Binance supporting ETH development. They need not really be heavily criticizing each other for the sake of bringing each other down. 
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November 10, 2020, 12:49:27 PM
 #22

The hype is building around and everyone wants to participate and not miss out on the pumps. I personally will hold some ETH before this time and also try to buy the 32 ETH to join if I am able to raise the funds.
I have participated and deposit 32 ethereum to support the launch of ethereum 2.0

The crypto community should be like this to support one each other. Ethereum has been making binance become the major platforms. I remember BNB was starting from an ERC20 asset. CZ is a good guy.

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November 10, 2020, 12:52:01 PM
 #23

I think CZ is just promoting Ethereum 2.0 to prepare its users for the upcoming changes which are highlighted in its 32 Eth staking requirements. But IMHO, the required 32 Eth for staking is quite high with the current price of $448 per Ether it was roughly $14336, I believe that was high enough for the ordinary investors and users to afford so it means only those people that have a 32 Ether can participate the staking. plus the technicalities and knowledge that were required thats why it's better to step aside for that purpose.
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November 10, 2020, 01:13:29 PM
 #24

In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

I might buy 32 ETH, not financial advice, just bought it and trying to tell the world about it to pump the coin so I can profit. Wink

Who are you trying to fool CZ?
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November 10, 2020, 01:19:39 PM
 #25

In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

I might buy 32 ETH, not financial advice, just bought it and trying to tell the world about it to pump the coin so I can profit. Wink

Who are you trying to fool CZ?

LOL. Not sure about it but that is possible. Do you think CZ is hodling a lot of ETH with him? Or does he need to? Do you think this very rich man needs to shill Ethereum for the sake of money? I really doubt that but like I said it is also possible.

Personally I am reading this as a legit way of saying let us try this new ETH development and see how it works or turns out.
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November 10, 2020, 01:20:53 PM
 #26

In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

I might buy 32 ETH, not financial advice, just bought it and trying to tell the world about it to pump the coin so I can profit. Wink

Who are you trying to fool CZ?
Probably hyping the market and the current update of ETH.
Anyway, If I do have funds I'll do the same thing since ETH will always be my favorite altcoins and I'm glad that I bought some of ETH before on a dump market but that is not enough for me to qualify for staking if ever. Well, hopefully the requirements can still be changed and lower down to 1 ETH at least, I can't wait to see the result of this update and I do hope for the best to all the supporters of ETH, keep on holding but not my financial advice too.

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November 10, 2020, 01:25:33 PM
 #27

I would buy 50 etherum, if I had the capital. the problem here is that the capital is limited, while for 1 etherum alone it has reached more than $ 400. but this will have a good impact, and the pump will be soon.

Lol, i understand you completely, buying 2 eth for some is not easy not to mention buying 32 eth, who doesn't want to invest in good project if the capital is available, i too will love to stake eth but the minimum amount is not cheap, 32 eth at current market price is about $14,222 wish is a big amount for some, i know lots of people will be interested in eth staking but the price will be a huge barrier.
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November 10, 2020, 01:37:14 PM
 #28

For them it will be possible because they had such money that can afford to buy 32 Eth. This is only to show support with the current upgrade of the crypto. I do believe that the new ETH 2.0 had brought so much good for the community. I think the network for ETH was the main reaosn for the upgrade. We know that there are many projects that are actually using the ETH platform.or network so it is time for ETH to showcase on what really the upgrade was all about.
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November 10, 2020, 01:42:57 PM
 #29

CZ binance tweet made me want to collect more eth, because eth 2.0 is coming soon now it's at the ETH2 deposit contract launch, anyone can participate in eth staking with the condition of depositing 32 eth.
In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

The Binance blog also discusses ETH 2.0 you can read here

https://www.binance.com/en/blog/421499824684901107/What-is-The-Potential-Impact-of-Ethereum-20-on-The-Derivatives-Market
Sooner or later everyone is going to try to reach this milestone but it would have been better if eth network lowered this requirement to like 10 eth.
Starting with 32 eth as requirement just sounds like a masternode type of thing that demand high investment than staking which is simply to hold any amount of tokens in a private wallet.

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November 10, 2020, 01:46:51 PM
 #30

CZ binance tweet made me want to collect more eth, because eth 2.0 is coming soon now it's at the ETH2 deposit contract launch, anyone can participate in eth staking with the condition of depositing 32 eth.
In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

The Binance blog also discusses ETH 2.0 you can read here

https://www.binance.com/en/blog/421499824684901107/What-is-The-Potential-Impact-of-Ethereum-20-on-The-Derivatives-Market
Looks like all these big crypto brands are ready to create maximum hype for eth 2.0 and its staking program.
The other day i was reading an article where the author was also claiming that due to the launch of eth 2.0 and staking it is highly expected that everyone will rush to buy more and more eth this increase in eth could result in high demand and sudden disappearance of sellers from the market which can result in eth price to move. So exciting times ahead, lets see how it all goes.

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November 10, 2020, 01:52:39 PM
 #31

Even if you won't be able to gather 32 ETH or don't want to get in the complexity of staking them, I believe binance would enable staking on the platform with a cut for themselves. This could be still a win-win situation as investors don't need to maintain the VPS themselves and they'll get the assurance of binance safety. But the transformation to POS model have been delayed a lot and the day is still out of sight.

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November 10, 2020, 02:00:19 PM
 #32

The hype is building around and everyone wants to participate and not miss out on the pumps. I personally will hold some ETH before this time and also try to buy the 32 ETH to join if I am able to raise the funds.
Yes the hype is on everywhere cause it is eth 2 .Eth has proved already they have strong platform that's why investor are coming to invest on it .Its not a huge amount actually who have the fund can invest 32eth .I don't have much fund but hopefully i can invest a few on it .

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November 10, 2020, 02:42:26 PM
 #33

Sure I would BUY 32 ETH if I have the money, which I don't have 14K laying around. This thing is getting expensive over the years. It's like $450 each already, man!

At the current price of $446 that's $14272 I don't think many of us here have that kind of amount of money especially those living in a third world the most I can come up is 3 Ethereum I guess I will have to be contented in just buying and HODLING I have no way to buy 32 worth of Eth at the current situation.

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November 10, 2020, 02:48:01 PM
 #34

It is not enough to just buy 32 ETH and you become validator, things are more complicated than that.

First, your ETH will be locked for period of 2 years,and that is not insignificant at all.That means that you wont be able to get it back in case you want to seel.Once you send it to special contract adress,thats it.
Next thing,you will need decent computer to be abelt o run the node. Here are the recommended specifications

Operating system : 64-bit Linux, Mac OS X, Windows
Processor : Intel Core i7-4770 or AMD FX-8310 (or better)
Memory : 8GB RAM
Storage space : 100GB solid state drive free space
Internet connection : Broadband Internet connection (10 Mbps)
Power supply : Uninterruptible power supply (UPS)

As you can see, computer will have to have UPS or uninterruptible power source because you will have to be online 24/7, 365 days per year. If not, you will get fine that will be deducted from that 32 ETH you deposited.

So obviously to become validator you will have to meet some technical requirements so this wont be for everyone, but those whho decide to join will get average 15% profit per year,which is good incentive.

With all this being set,I hope there will be some public pools that we will be able to join,for those like me who dont have 32 ETH or dont want to bother with all the other stuff needed to become validator.






This program obviously is only for the people who are rich or have a lot of money, for a person like me here in this industry I am not suitable for that program. Even if ever I can afford to buy 32 ETH I still won't partake in it, because that is too risky and that is also a huge amount too. 
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November 10, 2020, 03:09:07 PM
 #35

In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

I might buy 32 ETH, not financial advice, just bought it and trying to tell the world about it to pump the coin so I can profit. Wink

Who are you trying to fool CZ?

LOL. Not sure about it but that is possible. Do you think CZ is hodling a lot of ETH with him? Or does he need to? Do you think this very rich man needs to shill Ethereum for the sake of money? I really doubt that but like I said it is also possible.

Personally I am reading this as a legit way of saying let us try this new ETH development and see how it works or turns out.

Don't you know that saying that you are never rich enough. Would any of the popular billionaires turn down a chance to make another million?

He's rich, but you always have to take these tweets with a grain of salt. He'll say he thinks of buying 32 and really means another 32 Wink

Probably hyping the market and the current update of ETH.
Anyway, If I do have funds I'll do the same thing since ETH will always be my favorite altcoins and I'm glad that I bought some of ETH before on a dump market but that is not enough for me to qualify for staking if ever. Well, hopefully the requirements can still be changed and lower down to 1 ETH at least, I can't wait to see the result of this update and I do hope for the best to all the supporters of ETH, keep on holding but not my financial advice too.

IGood luck to you too. I also have some ETH, but I wouldn't buy just because CZ is tweeting about it. Rich people trying to pump on tweeter are pathetic.
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November 10, 2020, 03:13:04 PM
 #36

CZ binance tweet made me want to collect more eth, because eth 2.0 is coming soon now it's at the ETH2 deposit contract launch, anyone can participate in eth staking with the condition of depositing 32 eth.
In a cz tweet he said ("" I might buy 32 #ETH, just for the cause. Not financial advice. Just supporting ETH development "")

The Binance blog also discusses ETH 2.0 you can read here

https://www.binance.com/en/blog/421499824684901107/What-is-The-Potential-Impact-of-Ethereum-20-on-The-Derivatives-Market
Can you show me CZ tweet I think become more interested if true, almost coin tweet by CZ could give impact to higher price and always have chance how to get profit with coin after his tweet. Maybe I will check first is it right or not CZ make tweet and then if true I will invest more with ethereum, I know Vitalik have update ethereum 2.0 but just little impact after bitcoin up now have going down again. Maybe take moment for ethereum back to higher price during bitcoin keep on higher price and never down any time where could make ethereum back lower price again.

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November 10, 2020, 03:23:21 PM
 #37

This is really good news, even though CZ says only to support Ethereum 2.0, but there is a hidden message,
if you observe it, CZ does like Ethereum and I am sure CZ is also investing there,
yes this tweet has a positive impact on Ethereum, because Ethereum's fundamentals are getting better.

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November 10, 2020, 03:24:42 PM
 #38

 Lol, I wish I had enough money to buy 32 ETH Cheesy I do not have enough to even buy 1 ETH right now to be fair, let alone buy 32 ETH to get a staking going. My only hope right now is that maybe one day there is a staking pool in a place like Binance so that even if you have 0.1 you could get started with staking, you will not make much money because if you have 1 ETH you are going to make 1/32 from staking minus there will be fee of the pool as well and at the end that will be very small but at least I would have some staking income plus that ETH on top of it which I believe price would go up. Until something like that starts, there is no way I could ever buy 32 ETH, not with the finances I have Cheesy

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sayaya17
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November 10, 2020, 03:44:20 PM
 #39

Before deciding to become a validator for ethereum 2.0, one must already calculate gross and net income each year, including hardware costs and electricity bills.
But if you don’t have that much eth (32 eth) having the slightest amount of eth it looks like it’s still going to be good. Ethereum price has indeed gone up, although today there is a decrease for the price of ethereum as much as 0.74% in 24 hours, but it is expected that the price will continue to soar in relation to the launch of ethereum 2.0.  Soon there will be an announcement of the release of Ethereum 2.0 to the public.

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November 10, 2020, 03:45:06 PM
 #40

I will buy 32 ETH and leave it in my wallet waiting for its value to increase and sell them for a higher profit. I do not believe that the launch of ETH 2.0 will help the ETH network improve problems such as congestion, rising costs. Profits when locking 32 ETH to participate in stakes may not be high, but stakes ETH will reduce the supply of ETH. This is better for speculation than joining stakes.

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