Every massive bull run for btc has had huge pullbacks along the way (20 to 40%). It flash crashed to like 27.7 and has now “crashed” to its all time high from like 2 days ago.
Who at this point is saying it's bitcoin OR ethereum? No one is looking at it binary anymore, you should own both. But I fluctuate between 90/10 and 80/20 BTC/ETH allocation
they got me the first time too. They have some hilarious videos, worth scrolling their IG profile as well
I’ll disagree on whether people should own both, but definitely agree that it is not a binary choice. They aren’t remotely trying to accomplish the same thing.
I’m curious to hear your ETH take. Is it opportunity cost or generally bearish on it overall because of utility and/or demand/supply?
To be brief, I think it’s much safer to allocate to btc while still having a ridiculous upside. I don’t like eth’s initial distribution or its centralization and have yet to hear a convincing use case explaining why I or institutional grade investors would have any. It also seems like an ever evolving story: super computer, next btc, icos, defi, etc. The people that I trust in the space (Pomp, Saylor, Pysh, Boyapati, etc) also don’t hold any.
I view it as the grease that feeds Defi as you need it for gas. As that Defi ecosystem grows, so does ETH price. I admittedly am deep in some small and tight Defi communities though and many are ETH maxis so it's changed my stance a bit.
I’m glad that the defi/eth experiments are taking place, but I view it as a massive gamble and experiment at the moment with a huge barrier to entry. I could never and sit down to explain to my parents why they should buy eth right now.
user15000 Doesn't this just pave the way for a consortium of big banks to create a Ripple-like coin that will settle transactions? I think this validates blockchain, but I'm not so sure it validates BTC.
Btc is a settlement layer blockchain. I don’t view the stablecoins as any form of competitive threat. If nothing, it’s approval for banks to run nodes, use block chains as settlement layers, etc. Swift and the wire system generally should disappear. I’m not an expert on this though and will read/listen to as much as I can in the next few days to get more educated on what it means. It’s uniformly being treated as huge bullish news on my Twitter feed.
I.e., your virtual database entries are inferior to my virtual database entries. All I hear is: Ethereum continues to rocket upward.
Can you explain this in Layman’s terms. The way I understand it is tether would print fake money and use it to buy Bitcoin to stabilize the price. what does the person from Reddit mean by their selling other cryptos and getting
You're a bright guy, momux. Bitcoin is literally an inferior blockchain technology. They are simply hoping "rare virtual database entries" can have an agreed upon massive value. In other words, "backed by the CODE and the consensus of its largest shareholders." Oh by the way, what is my avatar? he he he
Just FYI, this is the thesis I used in mid-Jan 2018 to take my small investment out of ETH and move it into Visa (who was hiring significantly for blockchain at the time). That being said, I got back into BTC in summer of 2019 because it became apparent that the monetary supply of USD was going bananas and that institutional investors were really starting to appreciate the value of a decentralized currency. I'm only in for about 2% of my overall portfolio, but I do think it's a reasonable hedge against markets and a way better investment than gold.
JP Morgan sent out analysis to clients Monday saying they thought price could go to 150k. Idk if they’re actively selling to them but assume they are or will be soon.
https://www.coindesk.com/ukraine-government-picks-stellar-to-help-build-national-digital-currency Wait, weren't we told by user15000 that there is only one blockchain that matters? WOOF
Just the CEO of a massive asset management firm writing a ridiculously bullish letter to shareholders.
You boys bought some bitcoin yet? You realize this ends with the death of the dollar? Best dump that shitcoin while you still can.
I remember not buying BTC and instead buying Neblio, Snovio, Vechain, Bounty and some other shit coins. That was a fun lesson
https://www.coindesk.com/stellars-xlm-token-rallies-to-2-year-high-on-xrp-woes-occ-ruling-ukraine Posted about Stellar yesterday. Its coin went up nearly 100% since that post. ETH also continuing to outperform Bitcoin in the new year after outperforming it last year.
His stock is doing pretttyyyyyyy well too. And all eyes now on $1T market cap as the price continues to run.