Bitcoin

[Historybuff]

Eth is garbage going to zero against btc. Don't be distracted. Bitcoin only!

 

[MountainTracker]

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[william schmaltz]

 

[Historybuff]

 

[Poser]

Eth is garbage going to zero against btc. Don't be distracted. Bitcoin only!

-In the last week worth of bull run, Ethereum has been consistently running 10% more than Bitcoin, even though Bitcoin hit an all time high.
-Ethereum has had 450 million transactions in the last month
-Ethereum ETFs approved earlier this year
-Pension funds are buying Ethereum ETFs
-You can stake Ethereum, can't stake Bitcoin
-Awaiting potential approval on staking Ethereum ETFs

Don't get me wrong, I've been buying Bitcoin for longer than I've been buying Ethereum and I continue to buy bitcoin in the ETF format, but I switched my focus more to Ethereum several years ago. Bitcoin is gold, Ethereum is oil -it has the utility potential. Bitcoin is the crypto big dog and probably always will be. Ethereum comes in #2, but what I'm looking at is the runway and it has a LOT of runway.


Now, let's here's you analysis on what makes Ethereum garbage and why it will go to zero.

 

[The_Dinkmaster]

-In the last week worth of bull run, Ethereum has been consistently running 10% more than Bitcoin, even though Bitcoin hit an all time high.
-Ethereum has had 450 million transactions in the last month
-Ethereum ETFs approved earlier this year
-Pension funds are buying Ethereum ETFs
-You can stake Ethereum, can't stake Bitcoin
-Awaiting potential approval on staking Ethereum ETFs

Don't get me wrong, I've been buying Bitcoin for longer than I've been buying Ethereum and I continue to buy bitcoin in the ETF format, but I switched my focus more to Ethereum several years ago. Bitcoin is gold, Ethereum is oil -it has the utility potential. Bitcoin is the crypto big dog and probably always will be. Ethereum comes in #2, but what I'm looking at is the runway and it has a LOT of runway.


Now, let's here's you analysis on what makes Ethereum garbage and why it will go to zero.

I regret every ETH ive sold/traded for sh!tty ICOs.

Also I lost two ETH bc I sent them to a MEW wallet using my cell phone then when I copied the private keys I somehow missed a few characters on the end when I copied it in my browser. So they are locked away forever.

It was a $350 mistake back then but it turned into a $6k mistake :-(

 

[bigsky2]

Anyone else transfer their Bitcoin to Blockfi and lose all of it? Still hurts...

 

[Historybuff]

I'm no expert. I just watched the price of eth fall compared to bitcoin over the last 3 years. And proof of work and proof of stake are two totally different things. Proof of stake is "garbage " in my opinion. Bitcoin is digital scarcity. Nations, states, corporations, billionaires are fomoing into bitcoin. Eth had an etf and the price didn't budget until bitcoin went on a run. If you don't understand why it's bitcoin only, you shouldn't invest in "crypto". That being said, buy whatever you want and you will look smart for the next 12 months.

 

[Poser]

Anyone else transfer their Bitcoin to Blockfi and lose all of it? Still hurts...

I know of someone who did. dang.

 

[Poser]

I'm no expert. I just watched the price of eth fall compared to bitcoin over the last 3 years. And proof of work and proof of stake are two totally different things. Proof of stake is "garbage " in my opinion. Bitcoin is digital scarcity. Nations, states, corporations, billionaires are fomoing into bitcoin. Eth had an etf and the price didn't budget until bitcoin went on a run. If you don't understand why it's bitcoin only, you shouldn't invest in "crypto". That being said, buy whatever you want and you will look smart for the next 12 months.

Ethereum ETFs were a different situation than Bitcoin ETFs. You could buy into Ethereum trusts (which I did) that were awaiting ETF approval and be already in from minute 1. A bunch of holders took (significant) profits after learning from the Bitcoin ETF modeling so there was likely as much profit-taking outflow as there was inflow to a secondary crypto market.

Sure, Bitcoin is the safer play, but most people who are looking at Ethereum at this stage are looking at potential. The US Government currently holds something in the realm of 50,000 ethereum and 200,000+ Bitcoin and, well, they sure don't appear to be selling either.

 

[cardiac5]

For those that hold crypto in an IRA how has your experience been? Can you buy right then on a dip or do you place an order and it fills at the end of the day? Equity trust offers access to my digital money, tax free crypto, bit ira, or coin ira. I’m used to coinbase and having a ledger. They said they store it in a cold wallet at equity trust and that it can take several days to get ahold of it to sell. I just finished an investment and am looking to get some more crypto vs sending it back to Vanguard.


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[Poser]

For those that hold crypto in an IRA how has your experience been? Can you buy right then on a dip or do you place an order and it fills at the end of the day? Equity trust offers access to my digital money, tax free crypto, bit ira, or coin ira. I’m used to coinbase and having a ledger. They said they store it in a cold wallet at equity trust and that it can take several days to get ahold of it to sell. I just finished an investment and am looking to get some more crypto vs sending it back to Vanguard.


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Doesn't answer your question per say as I haven't bought actual currency within an IRA, only Crypto Trusts and ETFs. As far as I'm aware, you currently can't hold actual crypto currency in a IRA -it will have to be through a custodian, which means they are holding it for you.

 

[Trybendr]

Doesn't answer your question per se as I haven't bought actual currency within an IRA, only Crypto Trusts and ETFs. As far as I'm aware, you currently can't hold actual crypto currency in a IRA -it will have to be through a custodian, which means they are holding it for you.

Unchained capital offers a BTC IRA which I have and my BTC is self custody on a cold card

 

[eddielasvegas]

Well durn if you have no interest in BTC like me.

And good on ya if you do.


Eddie

 

[Historybuff]

Its not too late, eddielasvegas. Sudy and buy bitcoin now