Wow, sector(crypto) rotation is finally happening

[tsznecki]

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.

Why don't you just come right out and admit you are a crypto bear?

Just admit it already, its 2021 your mother will accept you for being gay.

 

[tsznecki]

Everyone is chasing these cryptocurrencies, Greater fool theory is hard at work. Wait till the sudden reversal and rapid collapse of over 50%.

Hello you gay permabear.

How much percentage gains have you lost out on since the equity mkt bottom in '09?

 

[SunTrader]

Everyone is chasing these cryptocurrencies, Greater fool theory is hard at work. Wait till the sudden reversal and rapid collapse of over 50%.

Been there done that. A number of times. Sheesh.

"The sky is falling". Look out S

 

[noddyboy]

Everyone is chasing these cryptocurrencies, Greater fool theory is hard at work. Wait till the sudden reversal and rapid collapse of over 50%.

You mean like when you call me fairycoin when bitcoin was 1k and then a few weeks ago bought dodge while calling everyone fools at the same time?

 

[They]

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.

Robinhooders have access to Dogecoin, so it's in play. But just like GME there will be a shakeout. People who got in sub 5 cent's will ride out the shakeout just like 'deepfuckingvalue' / Roaring Kitty but other will lose there stimulus check.

 

[Pekelo]

Best crypto rotation to date, a la Elon Musk:

After mentioning the wastefulness of Bitcoin and suspending Tesla's acceptance of it, BTC down 10%, Nano up 62% in the last 24 hours.

Nano's energy usage is 1 windturbine.

 

[Saxio]

Robinhooders have access to Dogecoin, so it's in play. But just like GME there will be a shakeout. People who got in sub 5 cent's will ride out the shakeout just like 'deepfuckingvalue' / Roaring Kitty but other will lose there stimulus check.

To what other crypto’s have Robinhooders access ?

 

[They]

To what other crypto’s have Robinhooders access ?

Robinhood Crypto offers seven tradable coins: bitcoin (BTC, -0.15%) (BTC), bitcoin cash (BCH, -0.15%) (BCH), bitcoin sv (BSV, -4.35%) (BSV), dogecoin (DOGE, -5.51%) (DOGE), ethereum (ETH, +5.31%) (ETH), ethereum classic (ETC, -4.12%) (ETC) and litecoin (LTC, -1.19%) (LTC).Apr 8, 2021

 

[Pekelo]

Robinhood Crypto offers seven tradable coins:

I assume they don't actually own/trade the crypto, just adjust your account value according to some crypto average? (aka bucketshop) Is there a way to know?

 

[They]

I assume they don't actually own/trade the crypto, just adjust your account value according to some crypto average? (aka bucketshop) Is there a way to know?

Most people are speculating they are clearing through Gemini, thus so few coins being offered.