News Ethereum Sell-Off Inspired by Bitcoin, Inflation and High Transaction Fees

[Admin]

As well as shadowing the latest BTC decline, Ethereum is facing inflationary pressure, and has some problems courtesy of the Bored Ape Yacht Club.

Ethereum Sell-Off Inspired by Bitcoin, Inflation and High Transaction Fees : Read more

 

[magbarn]

Needs to go lower so the miners can flood the used GPU market.

 

[wcbhkids]

Crypto is a scourge that needs to end. Can't wait for value to go to zero.

 

[Co BIY]

Cryptocurrency (even Dogecoin) seems like a conservative investment when compared to "real estate" on an ape island in a "metaverse".

Imaginary money need not be managed in a serious way.

 

[InvalidError]

Yuga sold out of Otherside Metaverse real estate, raising over $200 million. Some individuals flipped their purchases quickly for a fast profit. However, Yahoo observes that many virtual plots of land are now valued at below original sale price.

Smells like a classic pump-and-dump scheme: sell something as a collectible with a sales pitch promising seemingly guaranteed profit, liquidate your stake in the make-believe estate, then walk away laughing maniacally as you watch the whole thing crash and burn once people realize what sort of con they bought into.

 

[Math Geek]

once it got past "the drop in price should cause a glut of used cards on the market", i pretty much have no clue what anything after that means.

sounded like a mad libs page to me....