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15571724 No.15571724 [Reply] [Original]

ETH / BTC is the most important trading pair there is

will it ever break out again?

>> No.15571747

>>15571724
Yes, eth has to scale or its useless. BTC can be a digital gold which is already much more functional than it.

>> No.15571769

>>15571724
If you believe in a 100k bitcoin, then you must also believe ETH/BTC will have another run.
Otherwise it's like saying utilities will moon while tech stocks will stagnate

>> No.15571812

>>15571769
100k bitcoin is a 10x from here, 5x ATH
if ETH 10xes from here at a similar rate, it's only 2x ATH

if it 5x's due to underperformance compared to the 10x required for 100K BTC, in that time it wouldn't even be at ATH of ~$1,500, not even at $1,000.

>> No.15571871 [DELETED] 

>>15571724
start countertrading the general consensus of arthurs trollbox
70% success rate

>> No.15571881

>>15571812
>1000x literally within 2 years
>underperformance

>> No.15571913

>>15571881
different time anon

ETH continues to be sold to fund BTC
until BTC is sold to fund ETH, it will underperform?

>> No.15571918
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15571918

>>15571724
here's TA 101,
you see that red line i drew there? thats the line where shitcoins die. you cant break below that line and did just that. this shitcoin, along with the majority of this whole market, is heading to zero and the sooner you realize that the better it is for you

>> No.15571941

>>15571918
PS: bitcoin, in contrast with all these garbage shitcoins, NEVER broke below a multi year high
when it crashed from 1k, it went to the previous high and then started rallying
when it crashed from 20k, it didnt even touch the previous high (1k)
all of these garbage shitcoins have broken this golden rule and they will all sooner or later reach zero

>> No.15571962

>>15571918
Not a big fan of TA but that one seems reasonable.

Did LINK go down that line?

>> No.15572007

>>15571962
no, the prior multi year high is at 10k-11k sats. if it goes below that then its also dead

>> No.15572021

>>15571918
I've seen this before and I won't deny that it's probably true.

Do you have any opinion on the whole ETH 2.0 business? My uninformed understanding is that ETH is about 2 years away from (hopefully) developing sufficient scaling technology.

>> No.15572038

>>15571918
i'm a firm believer that we are still in the price discovery phase for ETH though

with ICO dumping and how it was premined, ETH is a shitcoin until 2.0 and their switch to POW/POS

thanks though

>> No.15572057

>>15572007
Thanks m8, was starting to think about selling. I cashed out double my initial investment at 4$ so I guess it's only natural to ride it out until 10k.

>> No.15572160
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15572160

>>15572057
selling now is a bad decision. its trying to find support on the june low + 200 day MA.
where it is right now and 10k sats are the strongest lines of support

>> No.15572561
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15572561

>>15572021
the deposit contract for pos literally goes live in October, with the beacon chain for sharding finalized already and planning to go live in January. it's also been getting scaling updates every few months and already has working L2 solutions if they're ever needed.

if you're talking trillions of transactions per second, then yeah like 2 years, but basic pos and sharding is a few months away, with the specs already finalized and multi-client test nets already live, right now.

I'm pretty much done trying to explain how eth is light years ahead of everything else... at this point it's easier just to wait a few months and have the network explain itself.

also, imagine the fomo when people realize eth phase 0 has negative issuance, while btc is at like 4%

>> No.15572574

>>15572561
based

is 500 ETH enough to make it anon?

>> No.15572586

>>15572561
this

>> No.15572968

>>15572561
>realize eth phase 0 has negative issuance
can you explain for a brainlet?

>> No.15573549

>>15572968
he's talking about less being produced than being staked i believe