Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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For starters ETH has half the market cap of Bitcoin so iets the leader of Utility, where Bitcoin is the leader in store of value.
Ethereum currently isn't deflationary, and will be after the merge.
After the merge the tokens will be severely limited and the event will be like a triple halving.
In the future staking will be the most easiest way to increase your holdings.
I have a small portion of my stack in ETH and it's outperforming BTC, which is why I've bought some for the "shorter period"
I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive...
The reason why some say ETH is worthless is because some try to preach that a centralized infinite coin is better and then go on to compare it with BTC and then the audacity to call for flippening for a while For starters ETH has half the market cap of Bitcoin so iets the leader of Utility, where Bitcoin is the leader in store of value.
Ethereum currently isn't deflationary, and will be after the merge.
After the merge the tokens will be severely limited and the event will be like a triple halving.
In the future staking will be the most easiest way to increase your holdings.
I have a small portion of my stack in ETH and it's outperforming BTC, which is why I've bought some for the "shorter period"
I agree that there are many things wrong with Ethereum but saying it's worthless it's very naive...
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lets not tie them for obvious reasons and pretend one is superior after triple halving
Yes ETH does have a centralized component to it and that's the development part of it.
So basically you need to trust the devs and the direction they are going. The same holds true for Bitcoin but development is more dormant.
The utility they are providing and the changes they are making will make it more scalable and usable.
However my biggest concern is the complexity and that's why I'm using them as a stepping stone to increase my BTC holdings. The merge should push the price up because of limits on tokens and token burning.