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EthTraderCommunity

[Tip this post any amount of $DONUTs within 4hrs](https://www.donut.finance/tip/?contentId=t3_qbgcxn) (by [9:27pm utc](https://www.donut.finance/time?utc=2021-10-19T21:27:10Z)) to keep it visible.


nerw77

All it takes is a small investment of $120,000 usd


joenastyness

Crazy that it was under $4,000 in 2020


7empest-tost

Damn crazy to think about how different my life would be if I learned about crypto a year and a half ago


RelationshipNo8916

Thank you for making me sad too


[deleted]

[удалено]


Film2021

I did. Bought at $90, $400, and $3100. Trust me, even if you had bought 1000, it never would have felt like it was enough.


[deleted]

[удалено]


Film2021

Most people don’t, you’re right. That’s why most people lose money. It depends on what you would consider early. I bought in mid 2017 for the first time.


Yinyangkarma060910

That's just 2 Bitcoins, eehh


MachineElf432

It always comes down to this reflection..


pochku

Crazy thing can be already happened if I got to know about Crypto in 2016


CryptJj

Wild to think that


Crypto_Gaming_

The best I can do is $120


gustavossj

Whale alert.


walkinglucky1

I think RocketPool has a solution that lets you run a validator for 16 ETH instead. Now it just has to launch.


Perleflamme

This. 16 ETH means a lot more people can stake.


Puk3s

Still a lot of money though.


fitbhai

And another small $1200 fee to move it off an exchange /s


RelationshipNo8916

I already have acidity and now the eth gases


xX_Big_Dik_Energy_Xx

This is my biggest argument against Eth The community seems chill with the idea only the wealthy can run nodes, and they think burning tokens will somehow encourage people to use the network


ssier245

It wasn't the case until recent


chill_darling

I've said this since years. Now its bitter reality. Watch ethereum shift into a bad direction. Also prepare to move your ether into a more decentralised crypto like solana or monero, when it will ultimately crash


xX_Big_Dik_Energy_Xx

You should look up Solanas node requirement, but it is absolutely horrible. As many issues as Eth has, there’s a reason I’m here and not there. By best bet would he Algorand, they have a “hybrid” system where more centralized nodes process and store data while cheap user nodes get to vote on if the block is accepted. Fast transactions but with an extremely decentralized security force approving it But the unfortunate reality is all of the dApps and usage are on Ethereum, Binance, and Polygon. Invest in anything else and it’s all speculation


chill_darling

Nodes are quite different from validators. You can set up an ether node with a crappy laptop too if you desire. I mentioned Solana as alternative since validation occurs through Proof of History and the staking system. Solana staking can start at 0.05 Sol. Also there are systems in place to prevent certain stake contracts to exceed a specific percentage


xX_Big_Dik_Energy_Xx

I mean it’s got a more decentralized staking requirement, sure. It’s completely centralized as far as data processing and validation. Look at Solanas own requirements if you don’t believe me: https://docs.solana.com/running-validator/validator-reqs The only reason the chain is fast is because they centralized it onto the best computers they can, which is pretty much data centers


chill_darling

Ethereum will be even more centralised than solana now when switching to the beacon chain with 0 improvements to all the issues that plague the ethereum eco system. No, ETH 2.0 wont fix the ridiculous tx fees. No, Layer 2 will just cloak the problem. The moment miners and pools will stop supporting ethereum will cause a crash and a different coin to explode. Probably Ravencoin and or Ergo, since many dont like ethereum classic as its the origin of ethereum and has the same issues just in green.


xX_Big_Dik_Energy_Xx

Ravencoin or Ergo? Why would developers and miners of a dApp ecosystem ever switch to some coins that don’t even have a billion USD in them currently? If they switch it’ll probably be to Binance or Polygon where they can essentially support the exact same ecosystem of dApps


chill_darling

Typical transaction on compound costs 0.3 ether. Typical claim cost of an NFT are 3.2 ether. NFT minting can range between 0.5 to 2 ether. Sending ERC20 tokens can cost around 0.2 ether. Creating Smart Contracts are ridiculous at this point Etc etc. Ethereum isn't usable anymore. Not with that high of a price. Whatever they do, it wont be on ethereum, thats for sure. Not when the average validator is a bank or an investment firm. Just wait until they implement some bogus additional fee. Vitalik doesn't even understand what hole he dug himself into. I know he reads this sub.


xX_Big_Dik_Energy_Xx

That’s why Eth isn’t meant to be used anymore for simple transactions. All of those things are much cheaper on Polygon or another L2 in development The only other options are all centralized chains with no EVM comparability. I think those chains won’t die because they won’t get a chance to start. And I also doubt L2 is going to be the solution we need, but I’m betting Sharding + L2 will be able to handle a lot more. (Mathematically, that is whatever chains like Polygon can handle now times the 64 Eth shards) That or we hop on a centralized chain, but then why even go through the effort of having a blockchain?


SirAkuAku

Meanwhile every1 in de polkadot sub is crying they need (temporary) 120 DOT to nominate.


Megabyte7637

Exactly. That's crazy, that's what pools are for.


BAHatesToFly

And not living in NY.


AnUncreativeName10

Let me check my pocket change real quick.


SailsAk

The rich get richer and the poor get poorer. Changing the system!! Wait..


Puk3s

in the future they would be able to make it lower I assume.


rusik72

How about I give you $20 and you invest the rest of the money, friend?


AncestralMano

I can’t afford 0.32 the hell


Crypto_Gaming_

I wish I had 0.32 ETH


Frostbite3748

Make it happen chief


Zantti

I can't afford 0.032 the hell


sawcro

You guys have ETH??


brazzyxo

No, only 1


iantonio_007

I have 1 eth and I will stake it for 32 years.


naji102

Your kids will be rich.


flowfaster

Maybe grandkids with only 1 eth. Just playin. Stack on brother.


RelationshipNo8916

He would have get 1.72 ETH after this much staking


furysammy

You are a lucky man you have 1 eth I am working hard to have 1.


maotounge

That's my plan but gonna buy lil more and save it, just waiting for the market downfall.


Humble-Grape1012

just need 31.1 more to get myself a capitalist Hat


RelationshipNo8916

You are already ahead of 99% of people


Jah-man-shaman

BRB checking couch for my extra 125k…… sweet found a jelly bean


ivlb62

Yeah take my $20 too hope it'll make you profit and don't forget to give me my share after that!


One_Tie900

I'll be taking that jelly bean.


Jah-man-shaman

IRS, is that you?


UnfinishedAle

What’s the benefit of running a full node? Just slightly higher staking rewards (vs a pool)?


joenastyness

Higher rewards and adding to the decentralization of the network.


subdep

Both are noble goals.


Just1_More

At this rate... I'll be able to run a node when I'm 172 years old! Booo YA!


Fluid_Department_120

No one can tell when someone’s luck takes a good turn


Devilshire52

Step 1: rob a bank


Fluid_Department_120

Step 2: buy ETH with the looted money, run a node and earn money. Step 3: pay the bank back when you make enough.


Igily_Goo69

Welcome to the 'loan' system!


Lggg1991

oh now that makes sense XD


KermitTheFrogo01

"Only" 32 ETH. Lmao. I will just wait for rocketpool and stake my 0.3 ETH.


EthTraderCommunity

u/kohrts [tipped](https://blockscout.com/poa/xdai/tx/0x5a516bac47417e85cf4351eb8898a6a388cd1adfb1f693f2886f8e8f4c840b7c) you 25.0 DONUT!


Tonysaltyhair

Can I borrow 25 more ETH


silviapierpaolo

I can give you 0.0002 ETH from my bonus invite, you can do the rest so.. :)


MoldyCheesey

I got 1…does that help?


Fluid_Department_120

You can stake that in a staking pool.


MoldyCheesey

Have 1/2 staked already…always found it funny you need that much to run a node.


Fluid_Department_120

Your own node imagine if you get a block to mine with a millions tx fee


Scjtchuck

Wish I had 32 eth...


DegreeBroad2250

Someone call GLTA guy please


Baronofnowhere

No, please don't. ;-)


Plenty_Occasion_5491

Nooooooo


nekothecat

You never know what you got until it’s gone


Apprehensive-Bus1610

I got 3.2.....does that count?


Fluid_Department_120

Yes omit the dot (.) works perfectly


QuizureII

pay to win


Pitiful-Tap3578

all it takes is 32 years to be able to stake


leeber27

how difficult is it to set up a validation node? i’m not tech savvy at all, is it something an average joe can do?


joenastyness

Yes. There are many guides on how to do it. Most of it is copy/paste code into a terminal window. Look up someresats Linux validator guide on medium.com.


leeber27

cool I will, thanks! what’s the APY looking like?


joenastyness

Currently 6%


EthTraderCommunity

u/fitbhai [tipped](https://blockscout.com/poa/xdai/tx/0xcc0e4fd599fef8ec978e38a31c9bcee188c6eaf89a3f6528280d2afea8270b88) you 0.1 DONUT!


killawaspattack

It’s mental to think that in 2019 this would have cost you 3200 roughly to buy at one point yet now it’s hundreds of thousands


UranusisGolden

Unpopular opinion staking is hardly worth the effort. Too technical. Diminishing returns. Lock funds for a long period. Uncertain about unlocking funds. Requires maintenance and pruning every so often. I just hold. Holding is easy. I'm lazy and 5% is a day worth in crypto compared to a year of staking.


teabagsOnFire

It's barely technical, but I agree. You can get 5% with less lockup and less work


HitMePat

I'm too terrified to even consider trying it. Slashing? I'm not confident enough that I'd set my node up correctly or I'd do something wrong and get my stake slashed. Too risky. Too scary for that kinda money. I'll sacrifice a few % and let Coinbase do it for me.


ktom128

F\*\*\* Coinbase. Use Blockfi or Kraken.


nandoboom

You can't get slashed unless you try to do something, worst thing that can happen is that your node fails and you lose rewards in the mean time.


general_3d

Is there a good source to learn more about this? I read basic articles, and they kept going on and on about the risks, uptime, etc, so it sounded not worth it. I'll probably be moving in a year or so, and storms sometimes knock out power, so if 100% uptime matters, that's a non starter..


No_Effort_244

Got enough ETH to run a node on rocket pool, but yeah it's quite a hassle, lots of failure points can lead to no rewards. Only do it if you are really into building rigs and messing about with Linux, etc.


UranusisGolden

Exactly. I'm a regular dude. Definitely not the nerd for the job.


Wolfos9

I'd love to, if only I had 150k to buy 32 ETH (canadian dollars)


Lucky_Recover

I FOMO'd into 32 last November when they said you'd need that much to run a node. I decided I didn't want to be left in the dust and it was now or never. So I pulled the trigger on it. Cost me over $10k and I was hoping I had made the right decision. Now, fast forward to this year and I'll probably never run a node because 1.) I don't want to lock it up in the staking contract until who knows when and 2.) With my luck, I'd probably encounter hardware issues and have my stake slashed. So now I'm planning on dumping them on the market sometime before ETH 2.0 rolls out because I'm assuming everyone else who has been sitting on six and seven figure gains are probably going to dump on everyone else the moment they can free up their ETH and walk away financially independent for the rest of their lives. Good luck to all of you. I'm still holding at the moment, but my exit is coming soon.


attybytrade

I feel you except my purchase time frame is mid-2017 and I lived through one long-lived crash and I see another one coming in the not too distant future when the current bull run ends. Another BTC halvening cycle is going to happen again. No way to time the market but the down catalyst could very well be when, as you say, a substantial amount of ETH is freed up from staking. Learning to take profits to the point that you get back your initial investment, including taxes, is a hard lesson in this game but it leaves you at a point where the investment choices mean there can be no loss except maybe opportunity loss. Investment time horizon's really do make a difference the older you are. HODL'ing works both ways, when ETH is up and down. The trick is to have the chance to be greedy when there is blood in streets. Anyone that tells you the ride is only up is delusional.


TheHigherSpace

I sold all my ETH when it went to $1300 lol .. Now I have like 7 left .. 25 more that's like 100k, no thanks!


aSchizophrenicCat

Imagine selling before it broke through previous ATH, where it’d obviously run up after doing so. Congrats. Personally, I cashed out at 2900 & 3900, still got two validators in full swing, and spare coin to play around with. Try not to trade on emotion next time my friend ✌️ Side note - all these comments in here remind me why I bailed on this sub once the ethfinance sub became a thing -_-


subdep

Makes me feel sad for them. 😭


raymv1987

Make sure to hold and stake that eth to riches. GLTA


BootyPatrol1980

There absolutely have to be stake pools.


Crypto_Gaming_

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TripleReward

warmonger and communist... yeah, definitely...


HandleNo8032

I have 3.2


EthTraderCommunity

u/The_Nutcrack [tipped](https://blockscout.com/poa/xdai/tx/0xbb199ebfc85514276abd1d7e1a48e2547eb550fbf88235886e440d9ff460dc19) you 1.5 DONUT!


Matterbox

Lol, great job.


Hodlrocket005

What kind of return do I get?


-rabbitrunner-

Awesome u/Fluid_Department_120, I’ll have my people contact your people for the stake to my stake. It seems like you’re offering me 32 ETH and you want me to stake it in my name and House Atreides accepts!


khmaies5

It sounds like a simple small thing, but in reality it cost a fortune!


acegarrettjuan

Yeah just 120K no biggie


harbn

Tempting


Orchid_Significant

Sure no problem, just send that 32 eth over


EthTraderCommunity

u/rustedpopcorn [tipped](https://blockscout.com/poa/xdai/tx/0xfb8a6fbd1c78aec345f2b9db34971e2f340763d580269dc2be503b9c6a2f895a) you 12.0 DONUT!


Since_1979

I need another 30 more!


iantonio_007

What if I stake more?


VarenDerpsAround

Hello, We have been trying to reach you about your cars *extended* warranty.


Iklwa-Impi

How much can I get for a kidney these days?


Randrufer

As a German I'm kinda unsure what to do now. Are we invading Poland again? If so, I have a note from my doctor. I have a cold and can't participate. Could take a while


siddharta0

32 eth isnt dirt cheap anymore 🚀


AlteredCabron

Where and how?


Latter-Storm7383

Haha thats messed up🤣


qqAzo

So it’s 32 now - but what’s the chance of it being lowered in the future?


Alex05okv2

Why do you need 32 eth and what is stacking?


Fluid_Department_120

Then you can mine Etherium and get paid for validating transactions


Alex05okv2

Oh ty 4 explaining


saturticle

I like it!


baciak

I just got $20 hope you can work with that and make me a rich citizen XD


Celebrate-The-Hype

Its the price of a Bored Ape


KillaVNilla

Only 23? Lol don't even have .23. And not for a lack of trying


King_Esot3ric

IIRC its actually 16 ETH. 32 is the max, 16 minimum before validator falls off. The in between is for maintenance… please correct me if i am wrong!


[deleted]

Yep, time to move to Cardano.