How do you view etherium in all this? In my opinion it's more solid than most altcoins and can hold it's own against bitcoin as far as market share. I guess I don't see people selling ETH to buy BTC. Honestly I don't see everyone selling their alts for BTC as quickly as you say unless lightning changes everything. But more money will start being pumped into BTC from newcomers.
Thanks for this post, it's pretty clear I should be holding some BTC at the moment, I will move some funds around
I have some ETH, but I wouldn't buy it normally. I don't like the coin. Some of its developers claim to be communists and the remainder of the development community hasn't disavowed this claim.
ETH grants me access to DENT on HitBTC and DENT has been selling to ETH (at X4 my original purchase price!).
S. Wilson has some fairly accurate predictions and he seems to think that Ripple and possibly ETH will have a run up against BTC's market cap (and fail) before BTC's next big run. So I'm holding a few ETH in case that happens.
If you take a look at the graph of ETH on coin market cap, you will see an anomaly: The orange ETH/BTC line drops BELOW the ETH/USD line. This is not a normal behavior for almost any other coin. Does this indicate that ETH's value must rise dramatically for this seemingly standard pattern to restore itself? It might and that means I'm HODLing until further notice.
https://coinmarketcap.com/currencies/ethereum/#charts
https://steemit.com/cryptocurrency/@gmikeyg/eth-graphing-anomoly-what-does-the-future-hodl
Bankers and institutional investors have the most money to invest in crypto, and as we learned from the recent XRP moonshot, they favor centralized cryptos whose owners can be dealt with behind closed doors. That is why ETH is a better investment than BTC right now, but the deep state who created BTC will make sure their flagship coin steals the spotlight because if BTC fails, they will never be able to get the masses to trust and adopt cryptocurrencies.