BTC and ETH Trading Journey - page 2.

hugeblack

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Quote from: PHUONGCRYPTO on May 09, 2024, 10:48:09 AM

Important Note for serious traders!
Today, the weight of BTC is around up to 70% and ETH is around 25% and the left is for the top altcoin.
So, focus on the allocation, donr try to forecast.
When the allocation is changed, adaption to the new weight.

As a trader, the time frame in which you trade is short and limited and in a daily or weekly range at the latest. Relying on the sizes of cryptocurrencies or the capacity of the market will not be of much benefit, as it is impossible for this percentage to change within the trader’s time frame.
The trader focuses on support and resistance points and expected demand more than the general trend or INDEX.

batang_bitcoin

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I believe that ETH will reach $5k soon but when?

Quote from: el kaka22 on May 09, 2024, 12:34:51 PM

SOL definitely has some power but I do not think that it is good enough to take over ETH all that easily.

I agree, it's been gaining the momentum but it's still not enough. Although there's a chance that it may overtake it but I guess that the rich knows how to play smartly and they're staying to Ethereum's POS to make themselves richer and that remains to the market cap of ETH.
SOL is already in the top 5 and IIRC, it did overtake somehow in top 4 right?

nelson4lov

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Okay, since we're just going to speculate, here's my bias:

The next couple of months is going to be huge for Ethereum as EigenLayer — one of the biggest innovations in Ethereum becomes tradable. Aside that, there's a couple of big things coming as well in form of EIPs that will fine-tune the protocol. I personally think it is +Ve to just buy some ETH and then stake for the APY? There's an opportunity to hedge with prep but I'm a permabull for ETH so I'm always long regardless.

Nrcewker

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I have noticed that ETH move in the same manner and pattern what BTC follows. Hence if you are following any particular strategy for trading Bitcoins, the similar strategy can be used for ETH also. Definitely the first quarter was impressive for all the Bitcoins and ETH lover, now as Bitcoins have fell a bit, the growth of ETH is also paused. So yes if we do good predictions then we can definitely make good profits from trading ETH and Bitcoins.

el kaka22

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SOL definitely has some power but I do not think that it is good enough to take over ETH all that easily. Maybe NBNB, because taking over that is not looking like that big of a deal. I understand that it is not that easy and sometimes it takes time to make sure that you know what you are doing, sometimes things are a little different and things do not look all that easy to handle, but we should realize that we can't make that much money all that easily.

We need to realize that ETH is huge, and taking over that second place would require a lot, look at how big BNB got during 2021 and you will realize that even that didn't help BNB get any closer this is why I believe that SOL could maybe be third if they do well but never second because I think ETH will stay there.

kentrolla

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BTC and ETH are similar to me when it comes to the way common people think before investing or making any transactions as both looks like they may give return but not to the extend which other altcoins are capable of but it's not gonna die and they are big no when it comes to minor transactions as transaction fee will eat up more than what we want to transfer hence people are using alternatives. I guess both are good for long term and they are secure but a big no for using it as P2P transfer.

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Quote from: adaseb on May 08, 2024, 11:43:59 PM

This year ETH is losing its market share to Solana. Go on ether scan and look at the fees, they are like 4-5 gwei, even during the week. When was the last time that gas was this low on ETH? Probably since 2019.

Many switched over to Solana because the fees are very cheap and it’s very fast to transact on their network. Many started to trade meme coins on Solana because it costs less than a penny to swap compared to Ethereum and it’s $50 swap fees.

Yes, BSC and SOL have become very popular due to the high fees of the ETH chain. however, ETH is far ahead of SOL in terms of coin price and marketcap. High fees of ETH may cause problems in erc20 token transactions, but considering the investment aspect, ETH is much stronger and profitable than SOL and BNB. In terms of trading btc and ETH are many secure coins if anyone can analyze their charts well then good amount of earning is possible from here.

PHUONGCRYPTO

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Important Note for serious traders!
Dont guess for the price up or down
If you are real investor who use hard earned money to invest, the only working method is INDEX.
Index is the method using capitalization of the market to caculate the allocation for the porfolio.
Today, the weight of BTC is around up to 70% and ETH is around 25% and the left is for the top altcoin.
So, focus on the allocation, donr try to forecast.
When the allocation is changed, adaption to the new weight.

Husires

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The value of Ethereum increased against the dollar and stable currencies, but not against Bitcoin and Solana, as Solana took a lot of Ethereum’s market share, and with the presence of competitors in the second tier such as MATIC and POS alternatives, I do not think that the value of Ethereum will increase in the future, or at least against the value of Bitcoin and Solana.
The only thing that might push the price higher is the acceptance of an ETF, but that may not happen soon.

YOSHIE

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Quote from: PHUONGCRYPTO on May 08, 2024, 04:55:20 AM

BTC and ETH Trading Journey

Personally, trading this year is not only good for trading against BTC and ETH. My experience and what I have done in crypto trading are several other types of crypto that have good opportunities and value for trading and can produce good profits.
for example: BCH, BNB these two types of crypto also provide good trading value in this period.

Of course BTC and ETH stand in 1st position, but the two types of crypto that I mentioned above have not lost in trading either, a lot of money has been won by traders, in essence short-term trading is the best solution to do in the crypto market.

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Quote from: Lakai01 on May 09, 2024, 12:54:54 AM

Quote from: adaseb on May 08, 2024, 11:43:59 PM

This year ETH is losing its market share to Solana. Go on ether scan and look at the fees, they are like 4-5 gwei, even during the week. When was the last time that gas was this low on ETH? Probably since 2019.

Many switched over to Solana because the fees are very cheap and it’s very fast to transact on their network. Many started to trade meme coins on Solana because it costs less than a penny to swap compared to Ethereum and it’s $50 swap fees.

This would make Solana the long-awaited ethereum-killer Wink

Above all, it will be exciting to see how the SEC now decides on the approval of the Ethereum ETFs and whether Ethereum, ADA and SOL will actually be classified as securities. If this is the case, the price of the coins concerned will initially fall very sharply and will probably not recover for some time.

I must also admit and agree that Solana will be a force to be reckoned with during the year, it will outperform what BNB has shown during the 2021 bull season. But to be able to become an ETH destroyer, there is still a long way to go because just relying on fast speed and cheap transaction fees is not enough to convince large investors, they care about security issues more than the other two factors.

ETH ETF not being approved was not a surprise to the market and dumping was inevitable. But everything will be nothing once the bull season comes because when the entire market is pumped with money and potential coins like ETH, Sol will have impressive increases, even more than BTC which is normal.

Personally, this year I will only focus on the Solana ecosystem to find hidden gems instead of focusing on ETH or BNB like every year.

bettercrypto

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Quote from: PHUONGCRYPTO on May 08, 2024, 04:55:20 AM

#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price
🟢This is a sign calling for a continous upside to pass $5.000
Current $ETH: 2980 🚀

Yes, there is truth in what you say, and now that we are currently going through a correction in the short term, I can say that we are bearish. But overall, it is still bullish on the long-term issue.

Now, on the ETH topic, if we talk about its ETF on May 23 and whether it will be approved, I think the chances of the approval happening are decreasing because Grayscale has already backed out as far as I know in submitting the application to Ethereum regarding its ETF spot, and this is not good news for others. For others, they are still looking at it positively, and for whatever reason they have, I don't know.

BABY SHOES

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Quote from: Awaklara on May 09, 2024, 12:16:16 AM

The current price movement of ETH is still not much different or tends to follow the price movement of BTC. if you are talking about an impending pump on ETH, perhaps it will have to wait for a response from BTC price growth first.

Ethereum has problems regarding transaction fees. they can be very high and then gradually become very cheap. It is very likely that when the price of ETH is very expensive and transactions become increasingly busy, the fees will become even higher. that's what happens time and time again on this network.
I would be happy if the price wasn't expensive and the transaction was normal. that makes the fees less excruciating.

BTC and ETH are almost correlated because when there is a pump started by Bitcoin, Ethereum will follow the response, this is not a big difference even to $5000 when bullish comes maybe I can say that it is still possible to achieve ETH prices.

Now Ethereum transaction fees are cheaper just now checking GWEI only 5 is this due to the influence of the price being down? I think when the Ethereum price was in the range of $2000s gwei was still quite high, but don't know behind it all is their development now quite successful?

But honestly, with this low gwei, it's easier for me to transact on the Ethereum network to bridge, at least it's not too expensive which can reach $30 more for fees.

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Quote from: PHUONGCRYPTO on May 08, 2024, 04:55:20 AM

#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price
🟢This is a sign calling for a continous upside to pass $5.000
Current $ETH: 2980 🚀

The increase in ETH prices certainly has reasons if we look at the conditions of the ETH market itself and is also influenced by price improvements on the Bitcoin side, which has made ETH continue to follow this path at the beginning of this year. If you often pay attention to the price movements of Bitcoin, you will probably also see how ETH is increasing in the market so that people who have collected ETH before the price increased, will definitely feel very deep satisfaction. And if you like trading, ETH is also quite suitable for that.

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Quote from: adaseb on May 08, 2024, 11:43:59 PM

This year ETH is losing its market share to Solana. Go on ether scan and look at the fees, they are like 4-5 gwei, even during the week. When was the last time that gas was this low on ETH? Probably since 2019.

Many switched over to Solana because the fees are very cheap and it’s very fast to transact on their network. Many started to trade meme coins on Solana because it costs less than a penny to swap compared to Ethereum and it’s $50 swap fees.

This would make Solana the long-awaited ethereum-killer Wink

Above all, it will be exciting to see how the SEC now decides on the approval of the Ethereum ETFs and whether Ethereum, ADA and SOL will actually be classified as securities. If this is the case, the price of the coins concerned will initially fall very sharply and will probably not recover for some time.

Awaklara

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The current price movement of ETH is still not much different or tends to follow the price movement of BTC. if you are talking about an impending pump on ETH, perhaps it will have to wait for a response from BTC price growth first.

Ethereum has problems regarding transaction fees. they can be very high and then gradually become very cheap. It is very likely that when the price of ETH is very expensive and transactions become increasingly busy, the fees will become even higher. that's what happens time and time again on this network.
I would be happy if the price wasn't expensive and the transaction was normal. that makes the fees less excruciating.

adaseb

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This year ETH is losing its market share to Solana. Go on ether scan and look at the fees, they are like 4-5 gwei, even during the week. When was the last time that gas was this low on ETH? Probably since 2019.

Many switched over to Solana because the fees are very cheap and it’s very fast to transact on their network. Many started to trade meme coins on Solana because it costs less than a penny to swap compared to Ethereum and it’s $50 swap fees.

PHUONGCRYPTO

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#ETH had a strong price increase in Q1 2024, prices have now completed a correction and are ready to return to gain higher. The new opportunity at the current price
🟢This is a sign calling for a continous upside to pass $5.000
Current $ETH: 2980 🚀

https://s3.tradingview.com/snapshots/m/mxn68j7j.png

Topic: BTC and ETH Trading Journey - page 2. (Read 335 times)