Was told to go 60/40 BTC/ ETH. Decided to focus on one. Bitcoin is the gold Ethereum is the silver CRYPTO is now a 2 TRILLION Dollar environment to those that still believe the tulip bulb myth.
Gotta keep a closer eye on ETH here as they near their POS shift BTC is getting a better move here, ETH looks to be in a holding pattern still
ETH looks to be performing relatively well in this bounce. Lots of traders thinking its a dead cat, but thats the exact mentality you need for a stealthy rally. No way of knowing if its just a bounce on the way lower, but thats the risk you take.
I have money in ETH, staking in ETH2 and a few others cryptos. The one thing I have noticed is they all more or less follow the same trading pattern. If BitCoin is up, ETH and the others are usually up also and vice versa. I do think ETH has more potential upside than BitCoin. There are a couple blockchain projects that I like.
ETH is still behaving relatively better than the others. I still feel we see ETH lead the rebound once this selling is done.
Lots of people calling this a bounce before new lows. Im going to take the other side. I think you can not make a bottom on bullish sentiment, the fact that majority out there are saying this is just a bump before more downside is a perfect scenario for a bottom to be made.
Excited about what EIP1559 on August 4! Public companies such as $BTCS has million of dollars staked on ETH and I do think that more of these institutions will now start getting their hands on ETH.
If there is anything close to good fundamentals in the world of Crypto, ETH is it. Deflationary, Proof of stake, actual use cases, ETH has everything going for it.
I agree with you. ETH is now the only crypto I hold position in. And I currently have my ETH staking at 5.00% interest as they transition to ETH2
