re: Official CryptoTalk Thread

quote:

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I know you guys hate it when I say this but what we're seeing really isn't that different. Nothing new has really happened with the BTC-ETH relationship

2018:

Eth hits ATH 1300 1/12. BTC was 14k on this day - 71% from ATH.

Eth range traded 850-1000 (65-76% ETH ATH) for two months before a flash crash moved the range to 700-800 (52-60% ATH) and then slow-bleeding down to $90 in December.

Btc was 10k (50% 2017 ATH) on 5/4 when eth flash crashed and began range trading 40-60% ATH while eth bleed to $90.

If this looks familiar, it's because it is.

Eth ATH this year 4100. BTC was 79% ATH when ETH hit. It is currently range trading $2500 - $2800 (60 - 68%) while btc range trades 55% - 60%.

Stretch this out by a couple months and I'll bet you see that BTC range drop down to 45-55%.

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I agree somewhat. the peaks of this run weren't as proportionally high as the previous, the trough shouldn't be either. either way crypto winter may be imminent but longer run its in good shape imo. if you have steady hands you will be up considerable in a few years the next halving will be worthwhile.