Wow, sector(crypto) rotation is finally happening

Pekelo said:
1. YTD was the easiest to look up, and it is a recent but fairly long time frame. None of the coins picked are new invention. Also, why would we care if a coin went up big a year ago? We are looking for the new new thing.

2. Again, all the coins are listed are a few years old. So stop making invalid points. I mean I get it, you are a cultist but can we have just a little logic here?

3. If you have the time, go ahead. How do you measure risk?

4. Nothing you said makes me believe that. BTC is the only one with heavy institutional holding. As I mentioned in my 2nd post, it is more of a hiddrance than a good thing.

5. Apples to oranges. We are comparing crypto to crypto. Pretty simple.

You are welcome.
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1-2. The only fair comparison would be one that measures from the start of the bull market rather than an arbitrary point in time like YTD. Like I said, it's a dubious comparison.

3. You're a smart guy, I'm sure you can think of some risk-adjusted return calculations

4. Well, you have a made-up theory and I have 12 years of price and adoption growth data, so you tell me who has the stronger evidence.

When I search ET for bitcoin posts from you I see 50 pages worth of being wrong. What would you call the opinion of someone who's been wrong for over 10 years?
 
Pekelo said:
1. YTD was the easiest to look up, and it is a recent but fairly long time frame. None of the coins picked are new invention. Also, why would we care if a coin went up big a year ago? We are looking for the new new thing.

2. Again, all the coins are listed are at least 5 years old. So stop making invalid BS points. I mean I get it, you are a cultist but can we have just a little logic here? I didn't pick any of the flavor of the week coin.

3. If you have the time, go ahead. How do you measure risk?

4. Nothing you said makes me believe that. BTC is the only one with heavy institutional holding. As I mentioned in my 2nd post, it is more of a hiddrance than a good thing. Just today BTC went down with the market while Doge went hugely up.

5. Apples to oranges. We are comparing crypto to crypto. Pretty simple.

You are welcome.
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Do you think Dogecoin is being squeezed or panic buying? I played it, bought ETH Friday sold yesterday knowing nothing about them. Usually when I trade something new, the asset crashes.
 
Store of value
:D:D:D:D:D:D:D:D:D:D

NoahA said:
It is absolutely incredible to see how weak BTC is right now compared to ETH. When gold was dropping and BTC was going up, people said it was a rotation out of gold and into BTC. So is it really the case that so many people are ready to jump ship from BTC into the next moving coin? It just doesn't seem to bode well for the fundamental narrative as a store of value. Heck, GME has been a fairly good store of value for the past few months as well.

At 54k, BTC is still 15% off its high from 20 day ago while ETH is up about 60% in that time. And although 20% drops are quite common, with the frenzy heating up in the crypto space and competition amongst coins, I feel the whole narrative for crypto is getting hazy.
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As someone who has weathered a few of these crypto market cycles, it may seem crazy, but this is completely normal for this portion of the cycle. There will be an oscillation between the core coins (BTC, ETH) and the altcoins as speculators parlay their "gainz" into riskier and riskier coins. I don't know how to predict how far it goes, but it has definitely been a repeatable pattern.

I feel like I see a similar cycle on a longer timeline (maybe 10-20 years) when investors somewhat predictably parlay their stock market wins into real estate or other "safe" assets, which creates unsustainable growth in those assets.

I'm wondering if the two cycles are synchronized this time. If so, hold on tight; it could get bumpy!
 
Everyone is chasing these cryptocurrencies, Greater fool theory is hard at work. Wait till the sudden reversal and rapid collapse of over 50%.
 
Curious, what is to prevent them from making a million more new currencies, call them Bitcoin 2, ETH 1,000, Cool Koin 666, Fake Coin 6969, etc, etc.?
 
S2007S said:
Everyone is chasing these cryptocurrencies, Greater fool theory is hard at work. Wait till the sudden reversal and rapid collapse of over 50%.
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Are we talking about "the" collapse? or more of a 2013, 2015, 2017 and 2019 style collapse where it eventually rallies 1,000's % higher? Just wondering if I should be worried or not.
 
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