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Author Topic: BUY 32 ETH  (Read 773 times)
Dragonfund
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November 10, 2020, 09:21:31 PM
 #61

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

There are somethings you guys fail to know about Eth2.0. It is promised to be launch by first of December but that's not what is juts about.
Eth2.0 will be running on a parallel network, which means it wouldn't be in the current network. Once it goes live, it going to start at phase o, which means scalability and other updates will be added later. Dont expect network fee to drop drastically. It will take time before this updates are implemented.
Another important thing is, before making deposits on that contract, please do a due deligence research before proceeding, the Ether might be held for long term to run the work( some developers are looking the average time of 2 years as read on Reddit).
Please do a thorough research.
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November 10, 2020, 09:33:14 PM
 #62

I think the entire movement is to make eth worth more than that of now. By doing so by Binance and its users, ETH will automatically move upwards. Surely buying and then locking or staking will increase the demand and will keep price move upwards. Remember that the huge userbase of Binance can certainly influence the price of not only ETH but for any other crypto.

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November 10, 2020, 10:03:47 PM
 #63

ETH 2.0 development is getting better but the current price of ETH is still very expensive $446 At the moment, I will think about it first to buy it, maybe CZ binance respects the performance of ETH 2.0 developers who do Vitalik Butterin
actually if you have the money to buy ETH then the current price is still not too expensive and you don't need to hesitate to buy it because when you launch it, maybe we all will never see ETH at the current price

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November 10, 2020, 10:38:16 PM
 #64

I can't afford 32eth now but I would have loved to participate in it. Ethereum has been one of the major keep player in cryptocurrency world. Supporting eth and earning something at the end, will be a great deal.
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November 10, 2020, 10:57:51 PM
 #65

I can't afford 32eth now but I would have loved to participate in it. Ethereum has been one of the major keep player in cryptocurrency world. Supporting eth and earning something at the end, will be a great deal.
It's not a problem dude, CZ was making such a statement to encourage people from the various community to support ethereum. Im also not participating in the staking too.
It's good to see people from the various community sounded the same thing that they will support ethereum 2.0 to be launched. I can't be patient waiting for the next generation of ethereum chain to be alive.
When everything will go like what we have expected and ethereum will become even bigger with this update.

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November 10, 2020, 11:03:34 PM
 #66

CZ is an influential person in the cryptocurrency world, if CZ shows support for Ethereum development. It is certain that it will have
a positive effect on Ethereum, especially if it is true that CZ ended up buying 32 ETH, this will be a big boost to the Ethereum price.
Regarding ETH 2.0, I predict that it will still take a long time to be officially launched, because currently it is still in the process of ETH 2.0
deposit contract launch. So my advice is to collect Ethereum from now on, if you don't have the capital to buy as much as 32 Ethereum
at once, can buy Ethereum little by little.

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November 10, 2020, 11:12:17 PM
 #67

For CZ Binance buy 32 Ethereum is so easy for him. If I have lots of money like him, I will buy it too. Ethereum is a potential altcoin, which we know so good for the long and short term and the fact that Ethereum once reached more than $1K, so the current price is still profitable to buy. And another benefit with the huge amount you can be a validator
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November 10, 2020, 11:14:24 PM
 #68

CZ is an influential person in the cryptocurrency world, if CZ shows support for Ethereum development. It is certain that it will have
a positive effect on Ethereum, especially if it is true that CZ ended up buying 32 ETH, this will be a big boost to the Ethereum price.
Do you really think that CZ just purchased his first set of ETH to boost the price  Cheesy. This is just a publicity stunt as he is always looking for ways to get into the headlines and as an exchange owner he needs to show his support to the Ethereum development as the majority of the tokens that are using the ETH network and the number of traders will help him make money Tongue.
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November 10, 2020, 11:16:41 PM
 #69

If CZ wanted to support ETH2.0 he could get more than 32 ETH and be a validator.

So for me, it seems that CZ is just shilling for ETH2.0, maybe he wants the project to be successful so it's going to be win-win situation for him and I think for the whole crypto space as a whole.

We are not yet in the bull run, so just imagine how much CZ and Binance will make if even we see ETH2.0 rolled out successfully and possible to push the price again to it's new all-time-high.

@Stanlo - I suggest you read everything here: https://cointelegraph.com/explained/ethereum-20-staking-explained, but let me quote it for you:

This gonna be a sort of manipulation. It is a good marketing strategy but how CZ will give assurance to the investors that this project will succeed and they can benefit from it and the whole crypto space, that's the question?

For me, even I have the money to get that 32ETH, I'm still not taking the risk. It wasn't just the support it needs but the risk is really high since ETH price already pumps. And the fact that there are additional requirements that need to become a validator, that's become a burden to them.

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November 11, 2020, 12:54:52 AM
 #70

I think it will get better, Ethereum will run a bull run due to the update to 2.0. if I had money, I would definitely invest in Ethereum because the potential of Ethereum is very high and good.

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November 11, 2020, 01:39:51 AM
 #71

This gonna be a sort of manipulation. It is a good marketing strategy but how CZ will give assurance to the investors that this project will succeed and they can benefit from it and the whole crypto space, that's the question?
I don't see any manipulation strategy here, ETH 2.0 has been awaited by many people since early January, it is very natural to bring ETH prices up in the last few weeks,

32 ethereum is too much for me, I can't afford to buy that much etherium, but it's likely that many people support etherium by joining the staking program, because etherium is one of the coins that many people are interested in and have made many projects successful
I am sure that at least more than 50% ethereum amount will be locked, because many whales want to have passive income from coins that have large market cap, this is because investors feel safe because these coins have high liquidity.
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November 11, 2020, 01:44:54 AM
 #72

Of course, Ethereum 2.0 is an improved Ethereum, but it will take several years for it to fully work
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November 11, 2020, 03:40:05 AM
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 #73

Of course, Ethereum 2.0 is an improved Ethereum, but it will take several years for it to fully work

Of course, its upgrade is staggered and implementing phase by phase. It started from Phase 0 and will be launch next month December 1,2020. As of now, many are buying Eth to store to avail of its staking feature. In order to gain from staking you have at least 32 ETH, which I think a great move for Ethereum to move forward since people are holding their ETH.

More updates here from Cointelegraph
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November 11, 2020, 04:29:42 AM
 #74

to be honest, i also want to collect and hold 32 ethereum in my wallet. I want to do that to support the development of ethereum 2.0. I'm pretty sure it will really bring about drastic changes to ethereum.
it's just that, despite trying my best, I don't think the timing will fit when I actually hit 32 ethereum. well, I think ethereum 2.0 will arrive earlier than I collected 32 eth. well, that's quite a lot for me.

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November 11, 2020, 04:45:07 AM
 #75

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

We have seen a tweet from CZ can make a great impact in any crypto market. But ETH is already a demandable coin and their staking features will make it more desirable. Also, ETH 2.0 has a lot of cool features that can really make a rally. So I am expecting 2021 will be a  great year for the ETH community and holders.

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November 11, 2020, 01:31:31 PM
 #76

This is certainly very interesting because by buying ETH as much as we can attract investors in developing ETH, let alone ETH coins that are very good for us to rely on in the future and all investors know that ETH is very good to continue to develop and now we can see the price has started to rise again, and will continue to grow with the presence of ethereum 2.0 we just wait for the surprise of ethereum.

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Tushar Ramani
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November 11, 2020, 01:45:25 PM
 #77

It is not just a stacking where you will be sending 32 ETH to depositcontract.eth and enjoy rewards. You will have to become a validator and maintain your node alive. This is becoming an obstacle in reaching a threshold number of validators to move ahead on December 1.
VolkoB
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Be happy =)


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November 11, 2020, 01:46:48 PM
 #78

Vitalik Buterin contributes 3,200 ETH to Ethereum 2.0’s deposit contract address

https://coinmarketcap.com/ru/headlines/news/vitalik-buterin-eth-2-deposit-address-phase-0/

this dude believes in the future of his brainchild  Smiley
Tushar Ramani
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November 11, 2020, 01:47:57 PM
 #79

That's almost 1 Bitcoin to participate in Ethereum staking I don't read it yet how does it work but can anyone tell it to me whether it will be a good investment and that staking would be profitable?

If you are a long term holder, go ahead. You can't just withdraw your stacked ETH before phase 1.5 goes live. (~2 years, maybe more!) That is the only thing to consider before getting your hands dirty. And then when the matter comes to ETH price in these 2 years, you know well, I guess.  Wink
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November 11, 2020, 01:57:07 PM
 #80

In March this year there was a very good opportunity to buy ETH at a very good price - about $100 for a coin, which in total is not so expensive ($3200). I had this opportunity, but I didn't use it.  Huh

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