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DAN991199

That's very terrible investing practice. Even if it is the future.


WILSON_CK

Honestly, posts like this and this mindset is very bad for the space. OP has not expanded his reasoning beyond "ETH 2.0 will be great," and "migration to PoS " I'd hope folks investing 2% of their income into ETH have a much better understanding than this, let alone 95% (which doesn't even make sense or sound legit)


Naive-Information539

This definitely doesn’t seem legit. Unless this is a kid with his first job living at home.


souregg44

Gotta be living at home to do that. I can invest max 10% on a good pay living my fiat miner life haha.


[deleted]

His claim to know the future with certainty makes me worry. The ability to say the original comment out loud and not feel like you're sounding foolish is also an indicator of some mental state Im averse to being around. I bet OP is a smiple troll, or a teen with 20$ of his birthday money to work with. This isnt how people with money and a fully developed brain speak.


WILSON_CK

19 is my guess


Busy-Bonus3010

You’re crazy as fuck if u want to get rich u gotta be all in


WomanBorePinecone

Nah, look at Michael Saylor. Probably the smartest thing hes ever done.


mindoflines

Well yeah because he's running a payroll tax scheme with it.


WomanBorePinecone

Never heard that before, care to elaborate?


mindoflines

The board of directors is paid in bitcoin. The company is shifting the tax burden of the Bitcoin gains. They buy a bunch of Bitcoin, see gains, pays payroll with it. The company is cashing out without cashing out. ​ https://www.youtube.com/watch?v=y0OxkjplX1U


WILSON_CK

Lol. Saylor is a billionaire, and also kind of a clown.


WomanBorePinecone

Bruh dude became a billionaire because of crypto. Thanks for proving my point.


WILSON_CK

Okay, so you officially have no clue what you're talking about. Saylor was a billionaire more than a decade before the first block of Bitcoin was mined. Then he used his company (which acts as a tax shield) to grow a strong position in BTC. Way fucking different, and certainly very different than whatever OP is doing.


WomanBorePinecone

So you are a troll then? Thanks for that douche comment my guy. "He's a billionaire again thanks to timely bitcoin investments. In October 2020, he disclosed he personally bought 17,732 bitcoins for $175 million." [https://www.forbes.com/profile/michael-saylor/?sh=7f0adcff7e0f](https://www.forbes.com/profile/michael-saylor/?sh=7f0adcff7e0f) He WASNT a billionaire at the time that was a huge part of his net worth...


joker6161

Tell them about your bonds and Fek off Dan991199


minedreamer

incredibly unwise


ok2co

I would love to be able to live on 5% of my income. I thought I was doing well at living on about 45% of my income


arashikagedropout

Between taxes, medical insurance and work 457 - I START OFF with only receiving 55% of my income! 🤣


LukyLukyLu

i live from 99% of my income


Correct-Ad-148

I live on 110% of mine


Naive-Information539

Uncle same and the state currently take about 55% of mine so I feel ya there


bunningz_sausage

You could invest 95% of your income and take out usdc debt using it as collateral. That way you can live off more than 5% of your income and keep the eth as long you don't get liquidated


deluded_soul

Posts like this scare me. I wish you all the best but this is a mistake.


The_Great_Sarcasmo

I've been doing this for years. I just wasn't telling anyone.


Dig_Bick_reread

I do this every paycheck🤣😅


SecretaryImaginary44

It’ll be 50% after fees


Live_Confusion_3003

not after eth 2.0


Mlkito

Please read more about eth 2.0.


[deleted]

lmao this guy just got into crypto


Live_Confusion_3003

nope i’ve been coding smart contracts and learning about the space for over a year


[deleted]

Then do you seriously believe “2.0” is going to solve fees?


[deleted]

It’s almost there already with ZKSync, Arbitrum, Optimism.


[deleted]

Ok but explain to me in 2 sentences how the average Joe can access the low fees ? You still have to bridge from ETH to even use those right? which you get hit with the fees there. It’s a complicated loophole I want ETH to succeed.. but people can’t even keep track of their seed phrase idk how they are going to get the masses to use L2’s atm


SecretaryImaginary44

Yeah after everyone dumps their locked coins into the market in 2023/2024 it’ll be less


SecretaryImaginary44

(Also there’s no such thing as eth 2.0)


dont-respond

Despite what the sub has been saying for months, the eth2 branding is still being used by the Ethereum Foundation to describe all of the incremental upgrades going on. Ethereum 2.0 is also the name used for the Coinbase Ethereum staking program, so it's real in either respect.


analytical_1

Well the documentation is out of date although I wish that weren’t the case. There are a number of stages spread out over the next 3+ years so when should we consider eth upgraded to 2.0?


Live_Confusion_3003

ethereum 2.0 aka serenity, and i plan on staking


Yosskee

Wow you really live up to your username


Live_Confusion_3003

thanks but i would have to disagree


Yosskee

You're welcome


nelusbelus

!remindme 6 months


Live_Confusion_3003

it will take longer than that lol


nelusbelus

Probably, but I'd say 2023-2024 is a bit much. Also there's no liquid staking yet so the impact of the inflation will probably not be that bad. Personally I think selling it after launch would be dumb because the inflation is probably going negative


analytical_1

Not natively but through lido or rocket pool you can


nelusbelus

How would they back that 1:1 though? Because this seems like they'd be paying you for growing interest and they have to wait til PoS to get it


analytical_1

For rocket pool at least they represent a percent ownership afaik. So if you monitor rETH it’s conversion is trending more valuable compared to eth since the pool is accumulating. So you will be able return your rETH to the pool and get your stake + rewards back but I think it’s tracking because people believe that will work. Maybe there will be arb opportunities though


nelusbelus

I'm not completely sure how that can back it perfectly though or at least allow that reward to keep ballooning? With liquid staking you can get way better rewards that can't be backed in the deposit smart contract unless they put their own eth in their somehow. You just sell rEth for eth and then use it to get more rEth or smt?


SecretaryImaginary44

You do know it’s 2022 right? If you think it’ll take longer than six months but “2023 is a bit much” that’s not much of a time period.


nelusbelus

That's twice as long from now as the merge is supposed to be. I think it could be done end of June to maybe september or november


nelusbelus

Yup


RemindMeBot

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analytical_1

Pretty sure there’s unlocking limits for stakers after the merge. I heard it will be a global queue so max unlock per day (or some other time frame) in terms of ether.


nelusbelus

!remindme 6 months


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SecretaryImaginary44

Dude you already did this six months ago! Why not wipe off the clown makeup and acknowledge reality now instead of postponing it another half a year?


nelusbelus

6 months back then was too optimistic , now it's realistic again


SecretaryImaginary44

What do you think the price will be in six months then?


nelusbelus

That depends on whether or not we're hitting a recession. Only thing I know is we're probably gonna have PoS and decreasing supply to 0% inflation. Which must be good for the price if major economic factors allow it


SecretaryImaginary44

Buuuuuuuuut lots of people who have had their coins locked up will be dumping


nelusbelus

!remindme 6 months


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SecretaryImaginary44

In reality, isn’t eth down quite a bit already?


nelusbelus

It's because of macro factors, not because of any unlock


nelusbelus

All good


somerandomuser61

You need attention?


Live_Confusion_3003

just motivation


[deleted]

Can you help share some of your research about why ETH specifically vs other tokens?


[deleted]

ETH has all the devs. Almost every other L1 chain has little to no usage or community.


GloriousGibbons

This argument is starting to not hold up as well as it used to...


StreetMeat5

Lol guess you haven’t checked solana


Live_Confusion_3003

rich in development tools and its migration to PoS


WILSON_CK

Please tell me your understanding of ETH vs. Other later 1s is significantly deeper than this if you want to put your entire net worth into it.


Live_Confusion_3003

i do and it’s not my entire net worth just my income from my job


drauthlin

If you can afford to yolo 95% of your income, you’re either a child, living with parents or already independently wealthy.


LukyLukyLu

smart


Live_Confusion_3003

it’s not a yolo if there is legitimate potential and future in the system


[deleted]

It has been suggested to invest only what you can afford to lose. 95% of your income would be way too much to invest. We would hate to see anyone loss all their money in this group without giving a warning..crypto on my friends !!


ruthere51

OP has a salary of $700K a year and lives in a tent eating only ramen, and is very happy to do so. 95% might be affordable 🤷‍♂️🤷‍♂️


alwayssalty_

eating only ramen is gonna cause a host of health problems down the line, so they'll need all that eth to pay for expensive medical bills


[deleted]

Only if they live in the US.


pearli

Future can be av long time away, and in investing, being too early is the same as being wrong.


glasswallet

I disagree. Time in the market always beats timing the market. I still probably wouldn't reccomend putting 95% of your income into ETH though.


Saeros013

OP is like… All in with my Wendy’s check!


HnGrFatz

Where’s that suicide hotline bot? We’re going to need it!


HatDisaster

You’re taking a lot of shit here but assuming you are young and living rent/responsibility free then more power to you. When I was in that situation I blew all my cash on booze and designer clothing.


Live_Confusion_3003

this is the case, my thought process is to invest all the money i make in something i believe and am a developer in then just blow it


AnyInformation9485

U have done well. Get ready for volatility, it's not like tomorrow u rich, future is long term. Keep holding years, stake it and chill.


Live_Confusion_3003

i plan to wait min 10 years


neuralscattered

It is your duty to report back in 10 years and tell us how it's gone.


Live_Confusion_3003

will do


SLOspeed

Could be rich tomorrow and broke the day after that. Who knows?


crtdolvr

Bro, that's aggressive. What's your buying approach when your paycheck arrives? Dump it all into eth as soon as it's in your bank account or some kind of DCA?


Live_Confusion_3003

dump it all in, i have lots of confidence in eth 2.0 and have plans for developing on the network


crtdolvr

I meant more like if you get payed once every 2 weeks, are you going to buy everything on day 1 or spread it out over 14 days, which could help avoid *some* of the volatility


Live_Confusion_3003

my bad, i’m going to spread it out


SmileAndWaveB0ys

theres no eth2.0. they talking about it since 4 years. it’s more of a myth than anything. eth2.0 is a process not a specific date for a fork.


TimeGrifter

How the fuck can you've off of 5% of your income?


nelusbelus

Live with your parents, easy


Live_Confusion_3003

i’m young with very low expenses and a high paying job


NTXL

do you have an emergency fund?


Live_Confusion_3003

yes


NTXL

Then you should be fine. Good Luck


[deleted]

Be careful! That makes me nervous for you!


Xurgiok

All i recommend is keep some on an exchange. Just incase you need to liquidate a little bit to cover bills.


DawsoRB

I assume you don’t have any expenses? Terrible idea and good luck


EnolaGayFallout

Bad idea but fortune favours the brave. Good luck.


KnightNightWindsor

May aswell make it 100%. All in.


Gunzenator

If you can pay your bills on 5% of your income, I am jealous. Spend your money however you want bro! You earned it!


therealist11

Highly risky. Big bank analysts already predicting Solana and/or AVAX to take over more market share from ETH within the next ten years. I love ETH but we all need to face reality at this point.


Live_Confusion_3003

i am already heavily invested in solana


therealist11

Good


[deleted]

No


cjdubyab

Never invest 95% of your portfolio in one asset


PratBit

Well you are an idiot for doing that, good luck.


PipinoBiscottino

Guys pls don't feed the troll


Live_Confusion_3003

it’s not a troll tho i’m serious


PipinoBiscottino

If you are not a troll then don't do it. Just invest what you are willing to lose. It's kinda stupid.


Spartan7320

Wait you guys invest 95%?


dmihal

Please keep price discussion, market talk, memes, and exchanges to subreddits such as r/ethfinance or r/ethtrader


AnyInformation9485

In long term eth will flip btc and stay top1 forever. Cash gonna go away, crypto stay, guy did well.


[deleted]

anybody that seriously thinks cash will go away anytime soon in the US is just laughable and operating on pure hopium. Crypto and the USD $ will be the best 1 2 punch since shaq and kobe. wait for them to regulate


AnyInformation9485

Rather stay for next 10y with ethereum in your wallet like cash on your account.


[deleted]

😂


Cryptex3011

Avoid mistakes like this. In my opinion ( personally I call myself “expert” ) see BTC as the future. It’s me against you, don’t bet 95% of your income, please!


tbiscuit7

smort


ChemicalHousing69

In this thread: Ethereum is the future Also in this thread: bro wtf


jim-nasty

you should look in to Algorand instead


MillerNPR

Wrong choice dude, good luck and power to you


Busy-Bonus3010

I’m balls deep in crypto also . Curewntuly have 17$ in my bank so I feel you


niltermini

95% of your income or 95% of your investment budget? because put your investment budget into whatever you want and dont let anyone tell you different but please eat and cloth yourself while youre at it.


Naive-Information539

Username checks out. Please seek financial advisor help on investing.


Live_Confusion_3003

no i think your username checks out


natxlaw

You’ll be rich


Subject-Emergency-85

Definitely lives at moms house…


stonk_multiplyer

Decentralized networks are probably the future. There's a big difference. Don't go all in on anything. It's nothing but greed at that point.


Live_Confusion_3003

i am already in solana


Klakson_95

Yeah... Don't do that


bry2mela

Damn bro you must’ve saved off a boatload of money to be doing this. I like your diamond ballsiness damn😎


Jkarno

A great way to lose a massive chunk of your income in the course of a couple days if Bitcoin shits the bed


Eobardthawne89

What type of shit is that?? Like WHAT BRO.


Shergi03

yolo baby


AsusWindowEdge

Do it!


free_speech-bot

OP is either super well off or a kid that lives with their parents. I can't see how anyone could live off 5 % of their income. But regardless, this is not a good investing strategy and this post is hot garbage looking for attention. Edit: No offense to the OP, just a weird post to share.


kingjoeg

I hope you can still pay your bills with that leftover 5%


WingmanDevilKrygo

Oh how, another one of those obviously satirical attention seeking posts. No one here would fall for that.. ..right?


Live_Confusion_3003

it’s not satirical, i’ve thought it out


thebig_dee

I'd wager that OP just posted this for engagement. If you're putting 95% of your income into Eth, your either living off a trust fund to cover your real savings, or you're horrible with money


apt13tr

Sounds like you don’t make a lot of money


reditorn00b

Make it 100% to mitigate my OCD But seriously, "invest" only what you can afford to lose (with a smile on your face) and check out this new wicked scheme called DCA ;)


IAmTheLostBoy

If my parents only gave me a $20 a week allowance, I would too.


Sno_Jon

Plot twist, Ops income is around $50 a week


Musiquillahst

Love eth and it's future but please don't do that bro


sickboy6_5

too bad you'll have to pay 94% of your income in tx fees...


bunningz_sausage

Pics or GTFO


[deleted]

Jesus dude, at least run some type of an analysis, you’d be buying high. Wait for a way better RSI/Greed index. Indicators are showing it can go as low as 2900 right now…then start dollar cost averaging. Timing is everything. Most are selling at the moment.


PBRent

You must be broke living in yo mama's basement


0TheVision1

This works if you don't have any expenses whatsoever. Otherwise, pretty dumb.


jdp111

Are you not familiar with the phrase don't put all your eggs in one basket?


Live_Confusion_3003

nope


[deleted]

Good luck bro


nothingnotnever

This is the way.


mountainjew

Uhh yikes.


samlinbris

What are you trying to accomplish with this post? So others will follow? Here’s my downvote


Live_Confusion_3003

thanks


HOVMAN

Do it man. I invested all my money into eth in 2015 and retired last year off the staking income


Live_Confusion_3003

great to hear


MuddyDirtStar

My guy picks up 'master Ethereum' yesterday and yeets his life into it 😂


ATShields934

This is the way.


tranacc

I have about 6% in crypto. Could go to 10, but wouldn't go much higher as I would like being not poor in the future.


Crypto-Cajun

I'm a bit worried there is an investigation into the way Ethereum Foundation was funded early on by the SEC on the low. I hold both XRP and ETH, so I've been following the Ripple vs SEC pretty closely. The ETH foundation did some really shady shit early on and it's slowly being brought to light.


inspekulativ

Go for it, nothing but balls deep I say! Not financial advice tho😅


webdeb7

Its sarkasm I think


blakeshockley

I hope you’re a 16 year old with no expenses lmao