Why ETH up big?

>completely undervalued right now with recent BTC pump
>successful network upgrade on Feb 28
>bright future with POS upcoming
>bull market beginning

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youtube.com/watch?v=PZvOhJYW_Hw

damn dude. you're going to make it. how does it feel?

feels good breh

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How reliable in the long run is TA? I haven't been into investing long enough to see predictions realized. Bit of a newfag, I only slightly browsed back when ETH was at around $15 but I was pre-occupied trying to join the military and didn't DYOR, not that I had any money at the time to invest anyway.

Thanks for the video by the way, halfway through it's pretty interesting so far. Is there any place that describes exactly why the market moves the way it does or does that get into crystal ball territory?

Just a whale P&D 4100 to 5300 and ETH following as usual.

Attached: Bitcoin jumps 20 percent, mystery order seen as catalyst.png (951x3300, 1.36M)

>How reliable in the long run is TA?
Not very. A lot of people absolutely suck at it. It can be difficult to tell the difference between good TA and bad TA.

>Is there any place that describes exactly why the market moves the way it does
The "4-year cycle" thing that he was talking about is based on the halving of the BTC block rewards. It happens once every 4 years and many people blame it for the last couple bull runs.

So essentially it's theoretical scarcity that is controlling the idea of a pump past the previous ATH of 20k? I'm just trying to figure out exactly why everyone here on Jow Forums thinks bitcoin and/or ETH will be going up past their previous ATHs from last year. Governments are putting more and more restrictions on using cryptocurrencies or even owning it which makes me even more suspicious.

Maybe I'm just a brainlet, it's just I don't see any reason for BTC or ETH to "moon" again. I WANT to believe, but at this point in time there is roughly a total market cap of somewhere around $100B bitcoin currently which is comparable to the total revenue of Boeing.

>Governments are putting more and more restrictions on using cryptocurrencies
Like what? In the US, the SEC has said it's completely legal

>theoretical scarcity
Also, this isn't theoretical. There is a capped amount of BTC at 21,000,000

Just a mistake of wording on my part, I meant theoretically, scarcity is driving the price. It's good to know that BTC will never go above 21M though. This still doesn't really answer the question though of why BTC would ever moon again since there is already over 17M BTC. Who holds most of that, and for what reason?

I don't quite understand your question. People hold it because it’s money that can be sent anywhere in the world, almost instantly, without the need for permission or a third party. Anyone in the world can participate, if they have access to a rudimentary smart device. There is over a billion people in the world who are unbanked. It banks the unbanked. It cannot be seized, or censored. Right now, the technology and use is still growing, but the price has also tracked that largely over the past decade.

Been out of the ETH game for a while. What drove it crashing it down? What's driving it back up?

I'm asking why people would choose BTC over anything else. Most normies don't give a shit about censorship, in fact many of them are pro censorship. How does BTC bank the "unbanked"? I'm assuming by unbanked you mean africans in mud huts that don't even use any currency. With these factors the major deciding factor as with all things that hold value are based in part on speculation, dreams, etc. but also mostly rooted in a real use case.

Outside of future price speculation what use will bitcoin have in the future? I just don't see normal people using BTC in their daily lives especially considering it's volatility. Don't get me wrong I would love to see it used, but is there any basis other than what everyone else THINKS about it that gives bitcoin it's value. A lot of the reasoning behind the upcoming 2021 price is that institutional investors will start paying attention. But for this to happen won't the boomers ask the same questions I do?

Speculation.

>Most normies don't give a shit about censorship
Wrong. Maybe you personally don't give a shit.

>How does BTC bank the "unbanked"? I'm assuming by unbanked you mean africans in mud huts that don't even use any currency.
Yes. And in Asia. And South America. All over the world. Exactly what I'm talking about.

>Outside of future price speculation what use will bitcoin have in the future?
I just answered this. It's digital money without having to have a bank.

>I just don't see normal people using BTC in their daily lives especially considering it's volatility.
Volatility decreases with increased volume.

i just moved to my third country and took my entire net worth over in crypto without getting jewed by banks and exchange rates.

>Wrong. Maybe you personally don't give a shit.
I'm basing this off the obvious double standard most people have combined with anecdotal experience with normie co-workers that literally say "I don't like censorship buuuuuut there are some things that need it!".

>Yes. And in Asia. And South America. All over the world. Exactly what I'm talking about.
Yes but that doesn't answer the point that if they don't currently use or NEED banks why the fuck would they want to use the next step up?

You're missing my point except the last remark. I'm asking you why normal people would want to use bitcoin when they can't even get over it's 2017 "crash" in the first place. Why would Chad Thundercock use bitcoin over fiat?

Will i make it with 50 ETH? Dont want to wagecuck anymore

>Yes but that doesn't answer the point that if they don't currently use or NEED banks why the fuck would they want to use the next step up?
They don't have ACCESS to banks. That's the problem. A shitty phone allows them now to store and send money.

>You're missing my point except the last remark. I'm asking you why normal people would want to use bitcoin when they can't even get over it's 2017 "crash" in the first place. Why would Chad Thundercock use bitcoin over fiat?
Ever want to transfer money and have to wait 3-5 business days? Own a business and get a charge back because some scammer bought some shit with a credit card? There are literally countless reasons. It's not for everyone but there is value. I don't think it'll replace USD but it will have its place by its side.

You're asking to be spoonfed and you won't get the answers. Don't be a retard and just confirm your own biases. Spend an hour or two researching Bitcoin + Ethereum. Even go on YouTube and do that. That's fine.

>I'm assuming by unbanked you mean africans in mud huts that don't even use any currency.

This proves how naive you are. You realize billions of people all over the world have the ability to sidestep a legacy financial system because they have smart phones right? They don't need a fucking Wells Fargo every other block. Whole countries are moving to be cashless. You have 5 year old chinese girls paying for shit with their phone. Stop being retarded.

When your government fires up the printing presses and prints more and more currency at an alarming rate there aren’t that many other safe havens. This is one of the comments possibly from Dave Klieman in the original bitcoin code as the inspiration for Bitcoin.

Gold/precious metals is one safe haven But it’s real tough to send it around the world without significant expense.

When times get tough governments traditionally clamp down on currency transfers and withdrawals.

Crypto sidesteps a lot of this and can provide a more stable store of value.

>You're missing my point except the last remark. I'm asking you why normal people would want to use bitcoin when they can't even get over it's 2017 "crash" in the first place. Why would Chad Thundercock use bitcoin over fiat?

You're correct in the US, we can rely on our banking system. The truth is, we don't really NEED to spend bitcoin. BUT, the reason we are speculating is because Bitcoin + Ethereum spawned new technologies that have the potential to truly disrupt many industries. And the potential can be worldwide, and can even be within the US. You can be rest assured that US markets have their eyes on crypto. What you saw in 2017 was a speculative mania phase, akin to the 2001 stock bubble.

You're obviously curious but have boomer biases blocking you. Just honestly spend a few hours researching Blockchain, Bitcoin, and Ethereum. Seriously. What would it hurt? Start on YouTube. If you still think its a scam for criminals, then no harm done. But don't just walk away not atleast trying to understand. That is the normie mistake. There is a reason why this whole board is so obsessed about it.

It isn't like I'm sitting here saying BTC will never work or some shit like that, I'm simply playing devil's advocate and asking the questions that haven't been immediately answered. I have done a lot of research so far but a lot of mainstream sources are fairly useless now. Most of my search results have only offered articles with no actual substance behind the words they post.

You can call it spoonfeeding if you want, I'm just looking for answers to my questions. You can answer them or not, but I'm not going to take someone's word for it blindly. If you think it's spoonfeeding why not point me to a reliable source of information? That's what I ask most of the time but nobody actually shows me in a good direction outside of "read the whitepaper".

Here you go, this guy should answer most of your questions:

youtube.com/watch?v=l1si5ZWLgy0

Thank you bromium, watching it now

>in the US, we can rely on our banking system
TOP KEK

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TA is pure woo. It is not a science and it doesn't work. It is something for degenerates to do while autistically staring at charts all day praying they made the right decision.

Basically, TA is a safety blanket for morons.

Not completely true. It's a helpful guide, but not a crystal ball. This guy called the Verge and Ethereum pumps yesterday:

youtube.com/watch?v=exDQyF90pSA
youtube.com/watch?v=zHGi4QGMG3k

>this guy
Out of how many?

Out of a lot. He called the BTC pump from 4000 too. So shut the fuck up.

>deletes bad calls.
>doesn't show positions opened and sold to validate his calls.
Shut the fuck up.

nakamotoinstitute.org/literature/

Read everything Nick Szabo wrote. Start with “Shelling Out”. Make sure to read “The God Protocol”.

Learn everything you can about ethereum. Bitcoin is like email- it’s the first killer app that fulfills a fundamental need, but there are an endless supply of applications that will be built in the near future, and they will happen because of the technological leap that ethereum made (not shilling ETH, mind you, just the important step it takes in building off bitcoin and being a generalized platform that has almost limitless possibilities.)

Consider the applications that can be built on ethereum and you will notice most of them require access to realworld data (bank APIs for payment, market data weather data etc). This is another fundamental problem to allow ethereum to realize its potential. Look into ways to solve this problem and you will begin to realize how close we are to major breakthroughs that will change the world forever

What the fuck are you talking about? He has 400+ live streams posted where he makes calls.

And he deletes the bad ones that lose people money. Shut the fuck up little retard.

Hahaha what? They are all numbered in order. Tell me which one is deleted you fucking idiot. Why are you trying to smear this guy?

Thanks for the helpful information, it is appreciated really. 28 minutes into th e video the other user sent me. Unfortunately I have to go to bed to wagecuck tomorrow but I'll read them first thing after the gym

Why are you riding his dick, faggot?

Nice job changing the subject from how retarded you are. I was pointing out how TA is helpful sometimes before you derailed the thread with your autistic gibberish. Kill yourself.