Vitalik Buterin sets date for Ethereum’s Merge

[MidNite36]

yup.

with great lows/dips one can make life changing fortune, same with the spike at the top of the bull market.

Coindesk quoted a troll saying btc would go to 600k on 2021 then now he said is going to crash to 8k, he held btc when he said was going to 600k then he sold and said would crash to 8k here, trolls and their feelings. The whole bear market, bull market and pre bear market now, I have been pretty accurate, to be precise my accuracy was better than 99.9% of traders around the globe, if only I had done most of what I said, in this market, one needs to be patient to buy and to sell or vice versa. I'm still not buying yet, this will crash further.

https://www.coindesk.com/markets/2022/05/24/guggenheims-minerd-says-bitcoin-will-drop-to-8k-we-checked-his-record/

This is why the dollar cost average is very good, if I have 1000$ I don't need to wait for a chance to buy at better dip, I will just use 10% to buy at every dips that happen because market is too unpredictable, but at this point I expect the almighty crash to take place, the higher the bull market the higher the bear market, this is my own way of looking at the whole crypto market.

[FP91G]

JPMorgan backs bitcoin to rise 28% and says cryptocurrencies are now its preferred alternative asset
Source:  https://www.businessinsider.nl/jpmorgan-backs-bitcoin-to-rise-28-and-says-cryptocurrencies-are-now-its-preferred-alternative-asset/

I think that the price of bitcoin cannot fall below $10,000 for a long time, because this will mean the abandonment of its holders from the coin.

[philipma1957]

mr v will forever be known as the king of crash once he make his pos move.

 when this market does the longest hardest crash ever seen.

He will be so ripped for crashing the market it will be amazing.

All he needs to do is wait for the crash then do eth pos to save crypto.

I wonder if he hopes for market to crash in June and July ?

[sp_]

A forced merge... Stay away from the stablecoins that hedge ETH...

[Metroid]

A forced merge... Stay away from the stablecoins that hedge ETH...

I do trust usdc at moment, is the only stablecoin that is constantly audited, if it will continue like that that is yet to be seen, usdt is a scam.

[adaseb]

You guys heard about the Ethereum beacon chain getting a 7 block reorg? Seems to be creating a lot of controversy and wonder how the merge go? Maybe it will get delayed again.

I am not surprised they are running into these issues. The ETH software is very long and complex and it’s been years for POS and they still can’t get it right.

Bitcoin is simple and not complicated and never runs into these issues.

[Metroid]

We are at that phase where bitcoin crashes 20% then everything crashes 40% then bitcoin rebounds 10%, everything rebounds 2% then bitcoin crashes 20%, everything crashes 40%, eth used to be 2500 usd and btc around 30k, now eth is around 1900 and btc still 30k, soon btc will be 15k and eth around 600 usd. This will get worse and worse and this is just a pre bear market, 99.9% of scamcoins will die.

Don worry if you still hold eth, there will be that last bulltrap then that will be the last time to sell eth high till the next bull run. Also eth sharding calculation is based on 0.030 btc for each eth. So 32 eth = 1 btc but dont assume eth will not crash further than that because it does, last bear market eth crashed to 0.016 btc, so it crashed double than what eth devs think eth's value, lot of room for eth to crash yet. This pos pos eth merge crash will be epic, make sure to sell on the pre merge.

[JangoUnchained]

A forced merge... Stay away from the stablecoins that hedge ETH...

I do trust usdc at moment, is the only stablecoin that is constantly audited, if it will continue like that that is yet to be seen, usdt is a scam.

If all you are going to use to support USDC is the fact that it's been Audited then it should be the same with USDT because USDT is also Audited too, try checking coinmarketcap first, also do you know the USDC team? uSDT team are known since they had the first issue years ago.

[Metroid]

If all you are going to use to support USDC is the fact that it's been Audited then it should be the same with USDT because USDT is also Audited too, try checking coinmarketcap first, also do you know the USDC team? uSDT team are known since they had the first issue years ago.

USDT was created by BitFinex and is based on Hong Kong, China, USDC was created by Circle and is based in Boston, USA, USDT was never audited, USDC is constantly audited and by the way USDT last bear market lost its peg to the dollar in few occasions, this time will be no different, last week it lost its peg for a while. You trolls never learn, I have been saying forever USDT is a scam.

[cabron]

If all you are going to use to support USDC is the fact that it's been Audited then it should be the same with USDT because USDT is also Audited too, try checking coinmarketcap first, also do you know the USDC team? uSDT team are known since they had the first issue years ago.

USDT was created by BitFinex and is based on Hong Kong, China, USDC was created by Circle and is based in Boston, USA, USDT was never audited, USDC is constantly audited and by the way USDT last bear market lost its peg to the dollar in few occasions, this time will be no different, last week it lost its peg for a while. You trolls never learn, I have been saying forever USDT is a scam.

There was no real data where BitFinex is actually located, headquarter as stated was Taipei, TW. A company like this is already set to scam like the EU Wirecard company which is pretty famous scam but no head quarters. But when government is going to try regulate stablecoins, I think all will be affected even the USDC and BUSD. 

If everything goes well, the plan is for the Merge to happen in the summer. If there are no problems, then the Merge will happen in August. If there are problems, September is possible, and October is possible. Ethereum will finally become a Proof-of-Stake network.

No date was mentioned by Vitalik really. He even said that it might happen in October. But prepare for the ride of your life because biggest banks in the world are going to buy up all the ETH. They all want to be a validator of transactions.

[Crypt0Gore]

@Metroid, since when has coinmarket cap start giving us fake information? Certik and Fairyproof claimed that USDt is audited, are those bogus lies? Hmmmm then I made a good choice switching to BUSD last month, fingers crossed from now on.

[Metroid]

@Metroid, since when has coinmarket cap start giving us fake information? Certik and Fairyproof claimed that USDt is audited, are those bogus lies? Hmmmm then I made a good choice switching to BUSD last month, fingers crossed from now on.

BUSD is lot more trusted than USDT to some extent however you trolls need to make sure to understand the risks involved, Binance has moved to Dubai and Dubai has no law that punish crypto exchanges for anything, meaning if binance gets bankrupt or hacked tomorrow then you lose it all if binance dont want to pay you back. That is the reason all crypto exchanges and crypto projects are moving to Dubai, they don't want to have any accountability with the law and Dubai is the perfect place for them, beware when you see of a new crypto project and hear is in Dubai, not saying all are scams, I'm saying if something goes wrong then bye bye.

Check this https://fortune.com/2022/05/06/bankers-following-binance-boss-cz-turning-dubai-into-wall-street-of-crypto/

That is what I always say, be very careful, youtubers and instagrammers have all been marketing the scam, even them are moving to Dubai to scam people, lot of scammers in there already hehe, 95% of those crypto scam pos coins are all based in there.

And there is something else I want to say, imagine what the people that locked their eth coins and can only be unlocked with the eth merge and imagine if it gets to that point and the price of each eth will be around 500 usd or maybe even less and they could have sold for around 4000k easily if they have not locked it, regrets, missed the chance to sell high, trading is not easy, imagine if we returned few months ago and the people knew what would happen, 99.9% of people would have sold at that moment, that is what happens when greedy takes over. Also as soon as millions of eth are unlocked due to the pos merge, eth will crash so hard. I guess people are selling because they already know things will get a lot lot worse, for now still all right.

[FP91G]

We have good news

The Ethereum beacon chain experienced a 7-block deep reorg ~2.5h ago. This shows that the current attestation strategy of nodes should be reconsidered to hopefully result in a more stable chain! (proposals already exist)
sourse:
https://twitter.com/koeppelmann/status/1529458000011972610?
https://cryptonews.com/news/ethereum-beacon-chain-experienced-a-7-block-reorg-more-work-needed-ahead-of-the-merge.htm

[sp_]

USDT was created by BitFinex and is based on Hong Kong, China, USDC was created by Circle and is based in Boston, USA,

Russian oligarchs are heavily invested in stablecoins and a ban is imminent. Blockchain based POW currencies cannot be banned, and will not move to 0...

[philipma1957]

USDT was created by BitFinex and is based on Hong Kong, China, USDC was created by Circle and is based in Boston, USA,

Russian oligarchs are heavily invested in stablecoins and a ban is imminent. Blockchain based POW currencies cannot be banned, and will not move to 0...

Would kind of force mr v to stay pow, do you have any deeper info on this?

[Metroid]

USDT was created by BitFinex and is based on Hong Kong, China, USDC was created by Circle and is based in Boston, USA,

Russian oligarchs are heavily invested in stablecoins and a ban is imminent. Blockchain based POW currencies cannot be banned, and will not move to 0...

That is how they protect part of their money from govs, not only russians, elites of the whole world have been doing that. They cant launder all the money at once, so crypto is the easiest way to go.

Would kind of force mr v to stay pow, do you have any deeper info on this?

Probability of 99% he will not stay on pow, staying on pow right now would be worse than eth crashing 99%, that is from the work and everything they have done to get to this point of the merge. If he does not move eth to pos then the project as a whole failed and he knows that, this move is die or stay alive. If they kept since the beginning with the pow mentality then eth would not have reached almost 5k, the pos hype and then burn hype then the speculation itself made eth to increase in value a lot. If eth followed btc like many other pow projects, eth would at most have got to 1000 usd maximum on this cycle, in 2018 would not have even got to 1400 usd, more like 400 usd maximum in 2018. This pos hype is what made speculators and scammers to pump eth. How do I know this, just look at other projects that followed btc principles, they get a very large increase and then they get a large decrease but they have not moved like eth. ETH grew in price too much and that is not good. Anyway, check other pos projects that want to mimic eth, like, solana, cardano and many others, defi, nft, all of them are scams, all pumped and speculated by scammers, they are the ones that got most increase in value, this is known as the sheep wave, where sheeps get in as it moves up and then get slaughtered as it moves down, greatest pyramid scheme in history.

[xxcsu]

BTC fall -2.58% in the past 24 hours , -3.82% in the past 7 days
ETH fall -9.52% in the past 24 hours , -11.79% in the past 7 days
ETC fall -4.89% in the past 24 hours , but overall gain extra 9.08% in the past 7 days
As of right now , 5-27-2022 @1.15AM (UTC)

[adaseb]

If you guys frequent Twitter you will see tons of FUD for Ethereum, mostly is non sense. However even Saylor is attacking ETH with one of his tweets.

Basically saying that it’s a virtual world that is a copy. He didn’t state Ethereum but he said POS and we all know what he is talking about.

This is why the ETHBTC had a huge dump compared to BTC. Looks like it’s about to break the yearly low.

[philipma1957]

If you guys frequent Twitter you will see tons of FUD for Ethereum, mostly is non sense. However even Saylor is attacking ETH with one of his tweets.

Basically saying that it’s a virtual world that is a copy. He didn’t state Ethereum but he said POS and we all know what he is talking about.

This is why the ETHBTC had a huge dump compared to BTC. Looks like it’s about to break the yearly low.

I have been around a long time. The issue for pos is that it is basically a company bond.

but it has no government protection.

SO why the fuck do I want a digital bond with no safeguards of any kind.

POS = piece of shit

Frankly Mr v has  a simple tactic  he can do which wait this out hoping for an overall market crash then do POS to save the market.

Or push and do the switch to POS during a shaky market pray to God that the switch does not crater the market.

My gut says this if btc is over 28k in August and eth is around 1900 they will not switch they will find more and more block reorgs happening from now till August and say the software still has some issues they will alter the difficulty bomb to Dec or Jan.

But if btc has faltered to 18k and eth is about 950 he will do the switch this August.

time will tell.

[Metroid]

If you guys frequent Twitter you will see tons of FUD for Ethereum, mostly is non sense. However even Saylor is attacking ETH with one of his tweets.

Basically saying that it’s a virtual world that is a copy. He didn’t state Ethereum but he said POS and we all know what he is talking about.

This is why the ETHBTC had a huge dump compared to BTC. Looks like it’s about to break the yearly low.

BTC maximalists will always attack eth because they know the growth ETH had was immense these past 2 bull market cycles, they want to protect their shares/money as any investor and the best way to do that is attack a rival coin in which if there was no eth these past 2 bull market cycles then all that money would have gone to BTC and other pow coins. There is a method here, is a war. POS x POW have been for sometime at war and will continue till one of them messes it up a lot and die, both can have 51% attack, both have vulnerabilities, both can die at anytime. Anyway, every pre bear market has been like this, eth crashes a lot x btc and only while in bull market that eth goes up a lot x btc. However, this time in my view will crash a lot more than last time because of the millions of eth locked up on the beacon chain staked, once they are unlocked, all those people will sell a percentage of their eth to get some money out from it and that is when we will know the bottom, for now eth is overpriced to how much it will be in few months, I think the faster eth does the merge the better it is for eth project as a whole, the crash will be epic but then will stabilize and the growth will be more natural than what has it been.

Anyway, as it stands ETH project as a whole is pure scam(defi,nft and tokens included), centralized to the core and will always be like that, sheeps will get in as has always been, check cardano, solana, luna and other scams, sheeps always get in and expect to become rich fast and in the end if something messes it up like it happened to luna and ETH DAO hack then they lose it all. Luna was no different than the DAO hack or even the MTGOX hack. Anything that is centralized will suffer the same, even BTC as it stands can suffer from centralization time to time and yeah nobody talks about it because it can start a chain reaction of trust issues.