How can I help? I can't wait to see ETH hitting $0 right where it fucking belongs.
It's unironically over for ETH
Samuel Jenkins
Other urls found in this thread:
Tyler Price
>but its illiquid user, ILLIQUID, it will FALL HARD no one wants to buy it
if no-ones buying it then why has it been trading at 0.98+ for like a year
this weird ass celcius fud is a HUGE nothingberg by 50iq twittards, it is a VERY temporary issue where free money for anyone who buys stETH once the panic selling is (swiftly) over.
Colton Davis
I can't believe I am trading with more survivable margin of error than celsius
Thomas Rodriguez
wtf is stETH?
Leo King
>He who panics first, panics best
Mason Hill
Owen Sullivan
I've heard it as "if you're going to panic, panic early"
Levi Perry
very interesting, thanks
Liam Sanders
>becomes a crisis of solvency
no, because 1 StEth is BY NATURE OF SMART CONTRACT redeemable for 1 ETH.
what a brainlet take, he keeps trying to sell the panic. Even if there is a run on Celsius, they will be good for the money once the merge happens. By definition.
Ryder Long
and I'm not even in Celsius btw.
the only real fud is the StETH they lost to stakehound but that was only 70m, not even a dent in the asset base
Jordan Nguyen
You're going to $0, chud. Say "thanks Money Skelly".
Levi Cruz
Eth collapse will drag everything with it.
Cheapies are back on the menu boys.
What are we buying?
Jaxson Baker
Jayden Flores
I want BNB cheapies but the fucker refuses to dump hard
Kevin Allen
A lot of whales and institutions got into leveraged position to take advantage of stETH yields. stETH being worth less than ETH can cause a short term liquidity crisis where these whales and institutions are forced to sell which further fucks up the peg, creating a downward spiral.
Even if the peg is regained in the future, there would still be enormous sell pressure on ETH in the short term
Ryan Hill
Sorry but you type like a cuck
Cooper Wright
And you type like a bagholder in emotional distress
Jaxon Thomas
>Even if the peg is regained in the future,
there is no "IF"
it is guaranteed by smart contracts, every stETH is redeemable 1:1 by ETH that is currently locked.
what a dumb show, if I was interested in buying ETH longterm I would be buying stEth right now, but anyway I'm only buying LINK and plan to keep it that way
William Fisher
I hold exactly zero ETH. Keep typing like a cuck tho
Michael Cooper
Holy fuck this guy is retarded OP
He thinks everything is going to collapse because a locked token stETH is trading at a different price lmaoo
It's down temporarily because people don't trust stETH as much as ETH. But the peg will come back once PoS launches and people can withdraw.
Christopher Stewart
You're an idiot, message is crystal clear: Big boys have lost faith in The Merge/Ethereum future and they're derisking themselves.
Ethan Campbell
1 stETH for 1 ETH is irrelevant if you lost all your money because ETH/USD crashed
Use your brain for half a second, its not so hard user
Matthew Sanchez
By your logic interest rates wouldn't exist.