Re: Eth being sold to buy Sol - meanwhile BTC keep winning...
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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.
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.
Fully agree. PS - Your reply is written almost exactly in the style I write. Its almost as if I wrote the reply myself. Spooky
