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BTC Approaching 4x the Size of ETH (Patreon)

Published:
2024-08-22 17:17:58
Imported:
2026-06
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Content

Just so folks do not think I am ANTI-ETH, I just choose not to hold it.

From Nik Bhatia

"Speaking of ugly and death, it’s a perfect time to check on Ethereum. The price of the second-largest digital asset by market value has lagged versus bitcoin, and the size of BTC continues to grow relative to ETH. So much for the “proof of stake” investment thesis."

now re SOL BTC - SOL still up 250% vs BTC but we are Right at the 200 DMA for this pair and trend is down

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Comments

RP UK

Like I’ve ranted about over on the Discourse forum (sorry if you’ve heard me bang on about it before, but it bears repeating): What part of …….. “Ethereum is a non-decentralised, pre-mined, non-proof of work, capturable shitcoin, that is IN NO WAY a frickin’ commodity” do people not get?!!?! And if that little BTC bad-mouthing weasel Vitalik has a problem with my bad attitude, I’ll get my wife to duff him up a bit, with one hand tied behind her back. What a bunch of hucksters and charlatans that ETH lot are!! Any questions about my position?!? 😁✊

Sea Chief

I bought more JUP and staked it when it was down recently. Happy with my JUP holdings now. They are having a few growing pains but I think it will run with SOL, hopefully soon. Just waiting...

btcrealm

ETH can dumpsterfire and die. I've been saying that pre 2017. Centralized, controlled, now POS, more vulnerabilities over the years than GOD, chain rollbacks, etc, etc, etc Don't get me wrong it has definitely been a successful experiment but if we want this industry to succeed there needs to be something else...

Whiteness

This isn’t news though, or unexpected. Not a big fan of ETH anymore myself, much bigger on SOL. But if good ole’ Nik studied the past cycles more, he’d see this is normal for ETH at this stage where BTC Dom is climbing. Especially considering the ETF, which is all accelerated grayscale dumpage. All cyclical. SOL has done comparatively much better but still follows this pattern like all alts to some extent, and has not made any overall gains for the past almost-year either.

redoak
>>147288324

How do you say Sol hasnt made any gains for the past year?

Ben

Did the exact same last cycle and it came back well. Ben Cowan does excellent insights on it and has been constantly been spot on with the macro this cycle. Shame your relationship broke down as you ironically compliment each others strengths well

CRYPTOROACH

At this stage, and if we are all looking for Alpha and we’re not BIASED I would prefer to pit my FIAT in XRP than ETH! Yet, we are all smarter right now - SOLANA is the path !

Just a Nobody

Now it has to move up in value 4 times so move your 800 Euro please 🙏 🤣😁😎😁

Pete Wes

We are (possibly) close to the peak in BTC dominance. If true, ETH should start regaining some ground (along with chosen ALTs). Would ETH reach levels > $3500? I believe so.