ETHEUR
Ethereum / Euro
crypto Composite

THORChain got exploited May 15th, $10.8M drained across BTC, ETH, BSC, Base. Emergency shutdown, everything halted. RUNE dropped 14%, shorts piling in, funding rate on bydfi went deep negative.
But before this, Lazarus moved \~$1.75B through THORChain. Stolen from KelpDAO, an ETH restaking protocol, our ecosystem. Community flagged it, TRM Labs called them out, everyone asked them to pause. They answered: "We don't censor transactions, we're decentralized."
Then they lose their own money and suddenly the pause button works just fine.
So they can't play the decentralization card when other people's funds get stolen and then act centralized the second it's their bag on the line. That's not principles, that's just being selfish. So who's still buying the "decentralization" argument from protocols that only enforce rules when it's their own money at risk?

How does that make ETH valuable? That just sounds like a liability.

If Ethereum is securing trillions of dollars worth of tokenized RWA’s and dollars, the network needs to be secured with a correlated ETH price to prevent attacks. I’m not sure if that’s going to be like 1:1 ratio or 1:4 but whatever it is it should help clear up why ETH is valuable.

> Ethereum cannot be successful without ETH being successful.
Weed got legalized in 24 states and there are zero weed companies doing well. The cannabis index is down 94% since 2021. Can you explain that? If you go into r/weedstocks, they are (foolishly imo) bullish.

I used to think my problem was picking the wrong stocks or crypto. It wasn't. my problem was that every green candle made me feel like I was late, and every red one made me feel like I had to "fix" the last trade immediately.
For a couple of years, I was basically just the exit liquidity for people who had a plan. I'd FOMO into a rally, get wicked out, then revenge trade on something else to make it back. i wasn't investing; I was just paying tuition to the market in the form of bad, impulsive decisions.
The uncomfortable relization was that my single best move was to remove myself from most of the decisions.
So I stopped trying to be a genius and started outsourcing my discipline to simple, boring rules. My main strategy now is just Spot DCA (Dollar-Cost Averaging). it's not magic, it just executes a plan without getting scared or greedy.
My setup is simple:
1.// Coins: 70% BTC, 30% ETH
2: Amount: $25 USDT
3, Frequency: Every Tuesday, no matter what.
The bot isn't allowed to make me feel smart. It just buys, on schedule, without chasing candles. DCA is boring until you realize that 'boring' is what keeps you from buying every local top because the internet got loud.
The reason BYDFi stuck around in my setup was almost embarrassing: I could set a BTC/ETH Spot DCA, choose the interval, and then physically remove myself from the decision. that was the whole point. The less I had to ‘optimize,’ the less I found ways to sabotage it. No API keys, no complex dashboards, just setting a rule and letting it run.
I also experimented with a small spot grid bot for BTC, but I treat it very differently. It's not free money. my test setup was a defensive range from 60k to 80k. With the price now near the top of that, it's mostly accumulating on dips. If BTC dumps through the bottom of the range, it just becomes a bag-building machine. if it rips straight through the top, you underperform just holding. It's a tool for specific market chop, not a primary strategy.
The biggest change wasn't that a bot made me rich. It did not. The biggest change was that I stopped donating money to my own worst impulses. my portfolio didn't get better because a bot outsmarted the market; it got better because I stopped letting panic and FOMO rewrite my entire plan every few hours.

I don't think people like Dankrad requesting a centralized entity that handles Ethereum governance with the purpose of making ETH go Up understand that effectively would classify ETH as a security and would make it inmediately captured by government.
If Ethereum completely stops being crypto and cypherpunk aligned, I'm jumping ship.
Reference: https://x.com/dankrad/status/2057441946616930799?s=20

Sounds like you made the swap on the ETH network. Ethereum has the highest gas prices in crypto.

I’m an ETH maxi veteran with an average buy price of $500. This investment has taken an immense toll on my mental health. Can’t imagine how those that bought at 4K are feeling. Stay strong brothers.

PRICE OF ETH DOES NOT KEEP UP WITH INFLATION. ETH IS NOT THE S&P

Buying an iPhone in 2021: also 0.3 ETH

Let's keep it between 2022 and 2026 ETH prices.
If we did this with Apple stock it's crazier but if we do it with Nvidia stock it's even wilder.

I'm fully involved in cryptotrading, defi and airdrops. Both ETH and BTC are shitcoins until I see some serious and actual real world universal usage and not monetary value. You should never fault someone for calling them anything beyond that. When the whole incentive in DeFi is to stack more coins for bullrun or have a passive income, doing full L&B for your LPs, of course it'll establish itself as nothing but longterm $ gains.
It's a game and you need to know how to play it. The endgoal has never been "ok I'm gonna change how we do this thing in real life".
Sure, intentions are there but they haven't established themselves. Until that day all these coins are shitcoins.

I hope the next time there’s even a hint of froth and bullishness in this space the Ethereum community embraces it and joins in. Leave the fucking random over-your-head math equations to Vitalik and bullpost your asset. Act like the price matters because it does. Start drawing lines on charts that suggests $100K ETH like the old days. If some dweeb tells you Ethereum isn’t about the price, shame them publicly.

I would be re evaluating everything since that's an entirely different scenario. But BTC skyrocketed and ETH did not so this is the reality I have to judge. And BTCs last run has been in the rear view mirror for a while now and ETH has only bled further.
if BTC didnt make a new ATH and was in a similar position as ETH then im worried about this entire space.

So if BTC didn't make a new ATH then you'd be fine with ETH's performance?

Why is BTC the real metric? Why not HYPE? Why not ZEC? BTC did shit compared to those. Did BTC miss last cycle? Are we ignoring ETH did a 6x?
Either way I don't believe last "cycle" was a true expansion cycle

ETH missed the last cycle and i just dont know what we're pointing to that says its undervalued if the network continues to thrive. I don't think I agree ETH has to be super valuable for Ethereum to be successful. It's not demonstrated that thus far
the only real metric we can point to that determines ETH is over or undervalued is ETH/BTC, and everyone here always says how worthless BTC actually is, so its impossible to really judge

It makes me want to dump ETH

I’m still heavier in BTC/ETH personally, but I’ve been using FOMO Crypto to track which sectors are actually gaining momentum instead of chasing random pumps.

I for one am very happy to see price discussions everywhere the last two days following the bankless guy selling announcement. I hope this discussion doesn’t die because truly if ETH price doesnt improve, in my opinion we’ve lost.