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There was a lot of dancing on eth's grave due to btc dominance, not so much now?
41 sats \ 4 comments \ @79c9095526 8 Nov bitcoin
I think eth is a useless shitcoin. But the number of bitcoiners who were dancing on eth's grave the last few weeks about the btc/eth ratio have suddenly gone silent after eth has massively outperformed bitcoin price over the last couple days.
Too many ppl forget that these markets are still way too small and traders on the edges control price. They inevitably rotate out of bitcoin into "faster performing" garbage at some point in the cycle.
Additionally, Trump is clearly a shitcoiner and his election will benefit eth and the rest of 'crypto' dis-proportionally more than he benefits bitcoin. It should be no surprise to see bitcoin dominance go down over his presidency.
Finally, Larry Fink and company will start pushing eth at some point too once they finish milking what they can out of the bitcoin etfs...
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4 sats \ 1 reply \ @dtonon 8 Nov
I don't care about ETH but... zoom out.
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0 sats \ 0 replies \ @79c9095526 OP 8 Nov
Hmm... I'm not sure what point you'd like to zoom out to. But from a purely objective mathematical perspective, if we zoom out to the origin date of eth, buying eth at that point would have been a better investment than buying bitcoin.
But that argument is of course silly, kind of like bitcoiners who dunk on goldbugs saying bitcoin is the best performing asset over the last 15 years.
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0 sats \ 1 reply \ @Aardvark 8 Nov
I didn't really care when BTC was out preforming, and I don't care now.
I literally do not pay attention to shitcoins.
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0 sats \ 0 replies \ @79c9095526 OP 8 Nov
Yeah, I've never owned eth myself either. The only reason I bring it up is because of the number of bitcoin 'influencers' celebrating the death of eth (price) over the last month or so. It is interesting that we all forget these cycles tend to occur and unfortunately the shitcoinery does suck up some amount of liquidity from bitcoin and burns a lot of new ppl who are told to "invest in a basket of crypto" vs. staying humble and stacking sats.
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