Eth being sold to buy Sol - meanwhile BTC keep winning...

Ever-young

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Quote from: fikrett on November 11, 2024, 01:16:18 PM

The alts are going to propel with the BTC DOM index falling down, then, when they become overvalued, we will pour our funds back into BTC.
A cycle which never disappoints Roll Eyes

Many people make a profit from altcoins and invest all of them in bitcoin immediately when they see that particular coin reducing in price, but it's easier to make the statement like you have stated above, but one problem here is that sometimes you can't be able to monitor the market properly and might miss out on the opportunity to sell and take profit before it will start dropping.

Some altcoins, the moment they have hit new ATH and dropped down, it's very hard for them to rise back to that level again, and if someone misses such an opportunity, such action could be regretted since you did not buy bitcoin when you were supposed to because of the high hope you expect from altcoin.

2Pizza410000BTC

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Quote from: AsiaHODL on October 27, 2024, 05:03:22 AM

Fascinating to see Eth slowly collapse, with only the truest of believers remaining faithful, and the rest of those chasing the "next hot thing" moving from Eth to Sol / BTC.

As a BTC maxi, (other than some really minor alt dabbling), I have seen shxxtcoiners come and go, and each cycle lessons are learned. And still each cycles, new shxxtcoiners emerge.

To me it sees clear, that BTC has won the global store of wealth / defence against declining fiat narrative. So, that leaves ETH (once touted as an "alt" to BTC's core function, with that battle totally lost, and battling and infinite number of "better than ETH-alts". BTC is finite, yet these "better than ETH-alts" are infinite. And reality is, very few of those types of "investors" really care about technical aspects. They simply are chasing a quick gain.

Who wins most out of this? BTC.

I have challenged shxxtcoiners in the past to prove that they can outperform BTC. They all claim they can. But very few actually do in the long run.

United with BTC we succeed. And divided with (infinite) shxxtcoins the shxxtcoiners fail.

You cannot ignore Ethereum. Ethereum is the second largest altcoin in cryptocurrency after Bitcoin. You are turning that ethereum into shitcoin so easily. Wait, be patient and see how Ethereum changes its price. Ethereum investors aren't going anywhere Ethereum investors are staying with Ethereum. Here you find Solana Coin very good but nothing to make Solana Coin very good. We have seen Solana Coin go from high to very low so I think Solana Coin is a very risky investment.There is no investment more popular than Bitcoin. Bitcoin will be the best investment ever for everyone.

Abiky

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Quote from: AsiaHODL on October 27, 2024, 05:03:22 AM

Fascinating to see Eth slowly collapse, with only the truest of believers remaining faithful, and the rest of those chasing the "next hot thing" moving from Eth to Sol / BTC.

As a BTC maxi, (other than some really minor alt dabbling), I have seen shxxtcoiners come and go, and each cycle lessons are learned. And still each cycles, new shxxtcoiners emerge.

To me it sees clear, that BTC has won the global store of wealth / defence against declining fiat narrative. So, that leaves ETH (once touted as an "alt" to BTC's core function, with that battle totally lost, and battling and infinite number of "better than ETH-alts". BTC is finite, yet these "better than ETH-alts" are infinite. And reality is, very few of those types of "investors" really care about technical aspects. They simply are chasing a quick gain.

Who wins most out of this? BTC.

I have challenged shxxtcoiners in the past to prove that they can outperform BTC. They all claim they can. But very few actually do in the long run.

United with BTC we succeed. And divided with (infinite) shxxtcoins the shxxtcoiners fail.

ETH is losing traction fast because of its limited transaction capacity and lack of new projects being built on its platform. Solana is faster and has attracted developers into building new and exciting stuff for it. You can see why it's full of hype. Unless ETH devs fix on-chain scaling issues, don't expect market prices to go anywhere soon. ETH should've been worth at least $5k - $6k by now.

Of course, nothing can beat Bitcoin. It's the best-performing asset on Earth. BTC reached a new ATH, while ETH is still struggling to get back on its feet. I get why there are so many people who're Bitcoin maxis. That's because no other chain is as reliable and trusted as BTC. Altcoins may have shiny-new features, but they're much more volatile and less reliable. Even ETH is starting to become centralized. I'd expect BTC to remain "King" forever. It's the reserve currency of the crypto market, anyways. Each crypto has at least a BTC trading pair. They can't beat the real thing. Cheesy

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Quote from: PrivacyG on November 13, 2024, 06:33:50 PM

Quote from: AsiaHODL on November 13, 2024, 03:20:28 PM

Eth just now hit yet another record 3 year low to BTC. Man its gotta suck if you tried to outdo BTC with Eth or a shitcoin, only to fall behind never to be able to recover...

It unfortunately takes SO long before people finally realize that percentage is what matters, not the appearing value. A lot of them purchase Ethereum or other Altcoins instead of Bitcoin because they think the price of one Bitcoin is becoming impossible to increase as much as the price of one Ethereum or other Altcoin is. Which is obviously false, considering Bitcoin is the most used, very scarce and the most 'Trusted' Cryptocurrency out there.

They think it is more impressive that Doge Coin touches a Dollar than it is for Bitcoin to touch 200 thousand Dollars. It is about perspective. And a lot of people are lacking it. I would be so Rich had I earned a Dollar for every time I heard or read somebody say Bitcoin can not explode upwards again. And the same people saw it exploding multiple times upwards, to more and more All Time Highs, yet they still do not believe it can again.

After all. It is their fault and a thing they are missing on.

BTC is for a reason the biggest one of them all due to how much skin people have going for it.
Not only common folk - but the big fellas with EFTs too.
It's inevitable that BTC explodes and currently is exploding to new ATHs every few days or so, because it's the nature of the cycles it has.
Just show the rainbow-BTC chart to people like that.

fikrett

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Quote from: X-ray on November 13, 2024, 08:56:33 PM

Quote from: fikrett on November 11, 2024, 01:16:18 PM

Quote from: crwth on November 11, 2024, 11:32:10 AM

Quite a lot of people are really earning money with this, and seeing the market at this moment makes it feel like it is going to be altcoin season soon enough. I believe it will go to Ethereum, then Solana, then other meme coins, and then back to BTC.

I think this is the current cycle, and we just have to wait and see and hope that our bets are correct.

The alts are going to propel with the BTC DOM index falling down, then, when they become overvalued, we will pour our funds back into BTC.
A cycle which never disappoints Roll Eyes

Honestly still expects BTC DOM to increase until 70% first before it's going down, but i might speculate that even if it's going down, doesn't mean BTC price gonna go down as well.
it seems like current alts that are doing pretty well are alt without VC investment, I think retailer have figured out that these in general are just bad investment.

BTC on the other hand just utterly dominates any alt at this point, so many people actually converting their alt to bitcoin at the time of speaking.

Yeah, and when there will be a correction, that would be a good time to get more BTC + alts to see how it goes. It's inevitable we will hit in after 100k or even earlier, so the thing is, if you want to go out, do it now if you are in - accumulate more as bullrun is moving through the market and BTC DOM is going up and then down.

betswift

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Quote from: Smack That Ace on November 14, 2024, 12:31:00 AM

Quote from: X-ray on November 13, 2024, 08:56:33 PM

Honestly still expects BTC DOM to increase until 70% first before it's going down, but i might speculate that even if it's going down, doesn't mean BTC price gonna go down as well.
it seems like current alts that are doing pretty well are alt without VC investment, I think retailer have figured out that these in general are just bad investment.

BTC on the other hand just utterly dominates any alt at this point, so many people actually converting their alt to bitcoin at the time of speaking.

If BTC.D goes up 70% then altcoins will fall harder and I don't think anyone wants that except you. Many people say they only invest in bitcoin but even when bitcoin hit $93k, I didn't see many people getting excited which shows people have invested quite a bit in altcoins.

The altcoin market is pretty bleak, even worse than when bitcoin was at $50k a few months ago. But not all are bad investments and it all depends on your strategy. If you invest in Solana when it's only $13 or Dogecoin when it's only $0.08...and many other altcoins in 2022. Your profits will also be huge, no less than the profits from bitcoin. Not to mention, many people are making millions of dollars every day from memes like Pnut, Goat, ACT...don't forget we are in bull season and making profit from altcoins is much easier.

Investment profit depends on each investor's strategy and skills, don't blame altcoin or any investment if you don't make profit.

In previous bullrun it was the NFTs that every influencer screamed about and how ludicrous they were, this time - it's memes.
Just get a 60 to 40 ration of BTC to big alts in your portfolio, and wait for the opportunities to arise. That's how I see it.

Smack That Ace

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Quote from: X-ray on November 13, 2024, 08:56:33 PM

Honestly still expects BTC DOM to increase until 70% first before it's going down, but i might speculate that even if it's going down, doesn't mean BTC price gonna go down as well.
it seems like current alts that are doing pretty well are alt without VC investment, I think retailer have figured out that these in general are just bad investment.

BTC on the other hand just utterly dominates any alt at this point, so many people actually converting their alt to bitcoin at the time of speaking.

If BTC.D goes up 70% then altcoins will fall harder and I don't think anyone wants that except you. Many people say they only invest in bitcoin but even when bitcoin hit $93k, I didn't see many people getting excited which shows people have invested quite a bit in altcoins.

The altcoin market is pretty bleak, even worse than when bitcoin was at $50k a few months ago. But not all are bad investments and it all depends on your strategy. If you invest in Solana when it's only $13 or Dogecoin when it's only $0.08...and many other altcoins in 2022. Your profits will also be huge, no less than the profits from bitcoin. Not to mention, many people are making millions of dollars every day from memes like Pnut, Goat, ACT...don't forget we are in bull season and making profit from altcoins is much easier.

Investment profit depends on each investor's strategy and skills, don't blame altcoin or any investment if you don't make profit.

X-ray

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Quote from: fikrett on November 11, 2024, 01:16:18 PM

Quote from: crwth on November 11, 2024, 11:32:10 AM

Quite a lot of people are really earning money with this, and seeing the market at this moment makes it feel like it is going to be altcoin season soon enough. I believe it will go to Ethereum, then Solana, then other meme coins, and then back to BTC.

I think this is the current cycle, and we just have to wait and see and hope that our bets are correct.

The alts are going to propel with the BTC DOM index falling down, then, when they become overvalued, we will pour our funds back into BTC.
A cycle which never disappoints Roll Eyes

Honestly still expects BTC DOM to increase until 70% first before it's going down, but i might speculate that even if it's going down, doesn't mean BTC price gonna go down as well.
it seems like current alts that are doing pretty well are alt without VC investment, I think retailer have figured out that these in general are just bad investment.

BTC on the other hand just utterly dominates any alt at this point, so many people actually converting their alt to bitcoin at the time of speaking.

PrivacyG

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Quote from: AsiaHODL on November 13, 2024, 03:20:28 PM

Eth just now hit yet another record 3 year low to BTC. Man its gotta suck if you tried to outdo BTC with Eth or a shitcoin, only to fall behind never to be able to recover...

It unfortunately takes SO long before people finally realize that percentage is what matters, not the appearing value. A lot of them purchase Ethereum or other Altcoins instead of Bitcoin because they think the price of one Bitcoin is becoming impossible to increase as much as the price of one Ethereum or other Altcoin is. Which is obviously false, considering Bitcoin is the most used, very scarce and the most 'Trusted' Cryptocurrency out there.

They think it is more impressive that Doge Coin touches a Dollar than it is for Bitcoin to touch 200 thousand Dollars. It is about perspective. And a lot of people are lacking it. I would be so Rich had I earned a Dollar for every time I heard or read somebody say Bitcoin can not explode upwards again. And the same people saw it exploding multiple times upwards, to more and more All Time Highs, yet they still do not believe it can again.

After all. It is their fault and a thing they are missing on.

AsiaHODL

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Eth just now hit yet another record 3 year low to BTC. Man its gotta suck if you tried to outdo BTC with Eth or a shitcoin, only to fall behind never to be able to recover...

AsiaHODL

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Quote from: Franctoshi on November 11, 2024, 02:30:39 PM

5515799

Quote from: Marvell1 on October 27, 2024, 07:05:32 AM

Quote from: SquirrelJulietGarden on October 27, 2024, 06:50:26 AM

...

If you don't want to invest or store your wealth in Bitcoin, you can find the best altcoin, it's Ethereum. Solana is very risky choice in my opinion and if you get profit with Solana in this market cycle, in 2024 and 2025, I congratulate you but make sure you won't hold this altcoin in 2026 and 2027 when we will very possibly have other terrible bearish years.

There is no denying that ETH is the worst performing altcoin among the top altcoins and solana is emerging as an ETH killer in this year's cycle. But with what is going on it is silly to rush to assert that ETH will collapse soon, it is still too early to say whether sol will replace ETH or ETH will collapse.

The altcoin market is purely speculative so it is no surprise that most people put their faith in ETH and the projects on its chain and expect to see significant returns like previous cycles. But things did not go as expected because that is the nature of speculation, and market makers always know how to take our money and that is the risk of speculation.
You are right, investing in solana will be a better option in this cycle but if we continue to believe that it will repeat in the next cycle then it is a mistake.

As for bitcoin, even if ETH does well in this cycle, it can never compete with bitcoin. Bitcoin is still king.

The Debate between Bitcoin and ETH about which one is a better performing asset over the years has long been won, and it's crystal clear that Bitcoin is the king of crypto, and I doubt if anyone can still challenge that. ETH is losing to SOL right now due to its high gas fees, all transactions that are carried on the ETH chain are on the high side, so who wants to spend high fees? Whereas there's a alternative way to the same thing with SOL, I don't think ETH has totally failed, since we now have more ETH burned, thereby reducing its supply.

Facts,.

Franctoshi

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5515799

Quote from: Marvell1 on October 27, 2024, 07:05:32 AM

Quote from: SquirrelJulietGarden on October 27, 2024, 06:50:26 AM

...

If you don't want to invest or store your wealth in Bitcoin, you can find the best altcoin, it's Ethereum. Solana is very risky choice in my opinion and if you get profit with Solana in this market cycle, in 2024 and 2025, I congratulate you but make sure you won't hold this altcoin in 2026 and 2027 when we will very possibly have other terrible bearish years.

There is no denying that ETH is the worst performing altcoin among the top altcoins and solana is emerging as an ETH killer in this year's cycle. But with what is going on it is silly to rush to assert that ETH will collapse soon, it is still too early to say whether sol will replace ETH or ETH will collapse.

The altcoin market is purely speculative so it is no surprise that most people put their faith in ETH and the projects on its chain and expect to see significant returns like previous cycles. But things did not go as expected because that is the nature of speculation, and market makers always know how to take our money and that is the risk of speculation.
You are right, investing in solana will be a better option in this cycle but if we continue to believe that it will repeat in the next cycle then it is a mistake.

As for bitcoin, even if ETH does well in this cycle, it can never compete with bitcoin. Bitcoin is still king.

The Debate between Bitcoin and ETH about which one is a better performing asset over the years has long been won, and it's crystal clear that Bitcoin is the king of crypto, and I doubt if anyone can still challenge that. ETH is losing to SOL right now due to its high gas fees, all transactions that are carried on the ETH chain are on the high side, so who wants to spend high fees? Whereas there's a alternative way to the same thing with SOL, I don't think ETH has totally failed, since we now have more ETH burned, thereby reducing its supply.

fikrett

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Quote from: crwth on November 11, 2024, 11:32:10 AM

Quite a lot of people are really earning money with this, and seeing the market at this moment makes it feel like it is going to be altcoin season soon enough. I believe it will go to Ethereum, then Solana, then other meme coins, and then back to BTC.

I think this is the current cycle, and we just have to wait and see and hope that our bets are correct.

The alts are going to propel with the BTC DOM index falling down, then, when they become overvalued, we will pour our funds back into BTC.
A cycle which never disappoints Roll Eyes

EarnOnVictor

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Quote from: AsiaHODL on October 27, 2024, 05:03:22 AM

Fascinating to see Eth slowly collapse, with only the truest of believers remaining faithful, and the rest of those chasing the "next hot thing" moving from Eth to Sol / BTC.

This is a show of supremacy between Bitcoin and Ethereum, it has always been like that, so no one is displacing Bitcoin from its rightful pioneering and most relevant position. ETH is also a good project, but with people's sentiment and peculiarity, what the project may offer may be put aside while the relevance and the popularity keep working for another, for it's the people's choice. Bitcoin is no doubt the people's choice, and when I say people, it's not only about you and I but also groups and businesses, so expect better days in Bitcoin's future.

crwth

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Quite a lot of people are really earning money with this, and seeing the market at this moment makes it feel like it is going to be altcoin season soon enough. I believe it will go to Ethereum, then Solana, then other meme coins, and then back to BTC.

I think this is the current cycle, and we just have to wait and see and hope that our bets are correct.

AsiaHODL

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Quote from: PrivacyG on November 10, 2024, 06:43:51 PM

Quote from: AsiaHODL on November 05, 2024, 09:00:34 AM

Eth today hit yet another 3 year record low to BTC. What an absolute disaster for anyone hoping to outperform BTC with an alt.

Has it really? Seeing the Ethereum charts over the last few days I would have thought it was the opposite actually. Very curious!

Zoom out just a tad...

AsiaHODL

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Quote from: Perfectbaby on November 11, 2024, 02:02:46 AM

Quote from: tread93 on November 08, 2024, 10:40:03 PM

I think you’re right it think Solana is devaluing ETH because of this trade off and I have even thought about it myself but I don’t think that ETH is over or done for by any means. It’s so engrained in so much and I just don’t see it ever being completely abandoned. SOL though is emerging and for now might be a good play in the short term but long term I think I am more set on ETH

If comparing both network you would see that Sol is fast increasing in term of price than ETH but when talking about long term investment then we can choose Eth, though I am more passionate about Bitcoin but even though eth/sol seems to be more affordably as of now, from my view this market would mostly favor bitcoin the more than altcoin, even though lot of people has been saying that not yet for altcoin season i still believe they won't be that outperforming bitcoin.

Its nice you are participating in the discussion, but this comment is seriously stupid...

"though eth/sol seems to be more affordably as of now"

Let me help you. If "affordability" is your concern, just buy Sats...

Perfectbaby

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Quote from: tread93 on November 08, 2024, 10:40:03 PM

I think you’re right it think Solana is devaluing ETH because of this trade off and I have even thought about it myself but I don’t think that ETH is over or done for by any means. It’s so engrained in so much and I just don’t see it ever being completely abandoned. SOL though is emerging and for now might be a good play in the short term but long term I think I am more set on ETH

If comparing both network you would see that Sol is fast increasing in term of price than ETH but when talking about long term investment then we can choose Eth, though I am more passionate about Bitcoin but even though eth/sol seems to be more affordably as of now, from my view this market would mostly favor bitcoin the more than altcoin, even though lot of people has been saying that not yet for altcoin season i still believe they won't be that outperforming bitcoin.

PrivacyG

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Quote from: AsiaHODL on October 27, 2024, 05:02:34 PM

Well alot of these alt traders really have deluded themselves into thinking they can outperform BTC. It just like day traders who delude themselves into thinking they can reliably make money day trading stocks or FX. They can't. But some just take longer than others to realize it.

You can certainly make sweet amounts of Money doing both Altcoin and Stock trading. And you can outperform Bitcoin nowadays, but it involves an incredible risk not many should afford to choose. A few hundred percent is what Bitcoin did last cycles, and this is something that is not impossible be surpassed. The question is how. How the hell do you pick the perfect Altcoins, withdraw at the perfect time and return with more Bitcoin. I suppose you either need the experience and knowledge or to be simply lucky and hit the 'jackpot'. Most of the time, you think you make a lot of Money and then you quickly realize you would of had more Profit if you simply held Bitcoin all the time.

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Quote from: AsiaHODL on November 05, 2024, 09:00:34 AM

Eth today hit yet another 3 year record low to BTC. What an absolute disaster for anyone hoping to outperform BTC with an alt.

Has it really? Seeing the Ethereum charts over the last few days I would have thought it was the opposite actually. Very curious!

passwordnow

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I am in the middle of this argument. I like BTC as it has got the biggest share of my portfolio, I own some ETH and that's why I also like it and seeing it move $3k, I'd say thanks to Bitcoin for making it happen again. Yes, thanks to BTC literally because whenever BTC moves properly and on a rising trend, all of these alts that are in the top are also moving on their own based on how Bitcoin moves, no doubt.

Quote from: nelson4lov on November 10, 2024, 05:07:18 PM

Bitcoin will remain king

100% and this is no brainer.

Topic: Eth being sold to buy Sol - meanwhile BTC keep winning... (Read 674 times)