Imagine relying on PayPal for safety and security of your BTC though. Until PP sorts out their unreliability I’ll avoid. Although yes overall it’s a good sign for “BTC deniers.”This is my best 2021 story for those still doubtful about a large price rise for BTC.
Withdrawing Ethereum to a wallet address that does not support smart-contracts may result in the total loss of your funds.
He can work for you after you make your fortune in bitcoin.Fun story: A guy who is legit smarter than me thinks Bitcoin isn't worth investing in. He has a bright future but I don't think he's right about that let alone all the financial benefits of crypto and DeFi.
Would you still be long ETH? If the bubble does pop I want to pick some ETH at a discount.ETH DeFi is now in a bind.
I tried to lock up about $3K of a token I'd earned for staking. The lowest cost was $180; and I think there was a second fee on top of that. Back in November the same lock up was about $15-30.
My first test lock up was for $250, which cost $4. It will now cost most, all or more than that to unlock it.
So the space is now only usable for people holding larger sums.
I believe the gas price will continue to go up. The yeild farming platforms work by many people locking up crypto in them, then the platform 'invests' them en masse. This is much cheaper with gas. People are getting stuck in DeFi. Small holders may be charged huge gas fees to withdraw what they put in months ago for a few dollars. Yet they can leave it in and claim double and triple digit rewards.
I think we will continue to see the ETH price rise, gas prices rise and funds locked in DeFi rise. Then when this whole thing pops, only whales will be able to get out first and it will implode badly.
Word on the street is that ETH will not be able to address this for months, if that. That gives other chains a chance to steal current projects and lure in new ones. Binance seems to be best placed.
Would you still be long ETH? If the bubble does pop I want to pick some ETH at a discount.
I've been told by someone I trust that smart contracts are going to get big next year and I'm still green with this DeFi stuff. Everytime you post CPU I need to reread it. So ETH can lose ground to a more efficient coin due to gas? Gotcha. I've made some serious money from ETH alone to exit now.My long-term interests are BAT, MYST, PRE, BLZ, ENJ, MANA, probably UNI, SNT.
I preferably want to stick to Coinbase and not have to go through REEF or any other brokerage that requires a MetaMask wallet. With that being said why MANA? Based off some brief research MANA is buying virtual real estate? Is virtual real estate going to be popular in the future?