Bitcoin being flipped by Ethereum?

tradertweets said:
Ex-Coinbase exec Nick Tomaino's predicts Ethereum price to surge unprecedentedly in the next 5 years, eventually flipping BTC.


https://coingape.com/ethereum-price-report-shows-eth-will-flip-bitcoin-in-next-5-years/


https://www.investing.com/news/cryp...gn-at-risk-ceo-foresees-ethereum-flip-3586076


Still a smart move to put a big stake into btc?
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No it won't, bitcoin's extending it's relative price over ethereum. Ethereum may be used for smart contracts as that is its main utility, but the name is weird...nobody understands it and it's tied in to one person, AND it wasn't first so it'll never be first. You have to look at these things like brands not based on the technical jargon because the masses of people will never understand that, they do understand or at the very least are aware of the Bitcoin brand so that will drive the price.

Basically it's like comparing Coca-Cola to 7Up.
 
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That’s BTC/ETH on a monthly basis.

IMG_1215.jpeg
 
wxytrader said:
No it won't, bitcoin's extending it's relative price over ethereum. Ethereum may be used for smart contracts as that is its main utility, but the name is weird...nobody understands it and it's tied in to one person, AND it wasn't first so it'll never be first. You have to look at these things like brands not based on the technical jargon because the masses of people will never understand that, they do understand or at the very least are aware of the Bitcoin brand so that will drive the price.

Basically it's like comparing Coca-Cola to 7Up.
More...
:D

I am sorry, but related to your opinion, you wouldn't have a problem with investing like the following:
80% btc, 20% altcoins

is that right?


That is - and would be - the most foolish mistake you can make at this moment.

Btc does not offer something like 3x or more in this cycle, as altcoins do.

So, in the end you only invest in btc, because you think it is the mother of them all.


It turns out, that the profit you make with your strategy, is substantially lower compared to if you invest reverse:

20% btc, 80% altcoins (from top 50, or top 200).

That way, in a bullrun, you make a lot more profit, which you can then transfer into btc, $, stocks, R.E. or whatever you wish.


But keeping your investment in btc, during the bull phase of the 4 year cycle, solely for the reason that it is btc, is the worst decision you can make.


Just my take.



Also, technology is definitely much more advanced with ethereum, cardano etc.

People know those top altcoins very well!

It is more than obvious that one of them will make the race, in terms of
art, real-world usecase, payment chain.


And bitcoin won't be it, that is also more than clear.
 
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tradertweets said:
:D

I am sorry, but related to your opinion, you wouldn't have a problem with investing like the following:
80% btc, 20% altcoins

is that right?


That is - and would be - the most foolish mistake you can make at this moment.

Btc does not offer something like 3x or more in this cycle, as altcoins do.

So, in the end you only invest in btc, because you think it is the mother of them all.


It turns out, that the profit you make with your strategy, is substantially lower compared to if you invest reverse:

20% btc, 80% altcoins (from top 50, or top 200).

That way, in a bullrun, you make a lot more profit, which you can then transfer into btc, $, stocks, R.E. or whatever you wish.


But keeping your investment in btc, during the bull phase of the 4 year cycle, solely for the reason that it is btc, is the worst decision you can make.


Just my take.



Also, technology is definitely much more advanced with ethereum, cardano etc.

People know those top altcoins very well!

It is more than obvious that one of them will make the race, in terms of
art, real-world usecase, payment chain.


And bitcoin won't be it, that is also more than clear.
More...

You can keep trying to convince yourself that you haven't missed the boat, but the boat has long sailed. Now your only choice is altcoins...which is fine because they mostly follow Bitcoin. But you're still going to make shite compared to what you could have made with Bitcoin had you got in at the right time. In other words, the party bus has left the building.

You can buy $100,000 worth of Bitcoin cash which would get you about 207 bch. That could also get you 1.6 Bitcoin. If Bitcoin doubles, Bitcoin cash doubles. Your profit on bitcoin would be 1.6*64000 or 103k. Your profit on a Bitcoin cash would be 207*482 = 98k...both outstanding returns especially when you consider if it takes 5 years gold would probably only return 1/5 of this... however wasn't Bitcoin cash up over $3700 when Bitcoin first hit these levels? So it's not keeping pace...maybe a good trading opportunity who knows.
 
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wxytrader said:
You can keep trying to convince yourself that you haven't missed the boat, but the boat has long sailed. Now your only choice is altcoins...which is fine because they mostly follow Bitcoin. But you're still going to make shite compared to what you could have made with Bitcoin had you got in at the right time. In other words, the party bus has left the building.

You can buy $100,000 worth of Bitcoin cash which would get you about 207 bch. That could also get you 1.6 Bitcoin. If Bitcoin doubles, Bitcoin cash doubles. Your profit on bitcoin would be 1.6*64000 or 103k. Your profit on a Bitcoin cash would be 207*482 = 98k...both outstanding returns especially when you consider if it takes 5 years gold would probably only return 1/5 of this... however wasn't Bitcoin cash up over $3700 when Bitcoin first hit these levels? So it's not keeping pace...maybe a good trading opportunity who knows.
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I hit the Bitcoin boat in 2016.

Don't tell me about missed opportunities.

Now, relying on BTC makes you lose an opportunity!


The 100x times are over, and only to be found with altcoins or, arguably less fun/max stress, meme coins...


I don't speculate with BTC, but with assets that have far bigger potential,
and transfer profits into BTC or stocks etc.
 
Yes, Bitcoin is straight up garbage so it is inevitable that over the long term ETH will flip Bitcoin.

Ethereum actually has some technological merit whereas bitcoins is just ideological and practically a cult bullieving the price will go up.
 
orbit23 said:
Yes, Bitcoin is straight up garbage so it is inevitable that over the long term ETH will flip Bitcoin.

Ethereum actually has some technological merit whereas bitcoins is just ideological and practically a cult bullieving the price will go up.
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You guys are so clueless. Nobody cares about the tech. The mass care about the brand. Ethereum is used for smart contracts as that's it's only utility. It's not going to be a currency, and its not going to be a store of value.

Bitcoin would have suffered the same fate had it not transitioned into the new de facto world store of value that even countries are using now. Bitcoin does not need to do smart contracts or be a currency.

So many traders so butthurt over Bitcoin being the king.... And this is while we're practically at all-time highs right now LOL.
 
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