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Started By
Message
Ethereum
Posted on 4/9/21 at 8:22 am
Posted on 4/9/21 at 8:22 am
I just bought my first Ethereum with my stimmy money. Any opinions on this? I keep hearing it is going to get as big or bigger than BTC
8
Posted on 4/9/21 at 8:24 am to burger bearcat
Kiss that money goodbye
Posted on 4/9/21 at 8:24 am to burger bearcat
quote:
keep hearing it is going to get as big or bigger than BTC
Posted on 4/9/21 at 8:27 am to burger bearcat
Do you always invest without knowing what you are buying?
ETH and BTC aren’t competing in the same part of the crypto space.
ETH and BTC aren’t competing in the same part of the crypto space.
Posted on 4/9/21 at 8:28 am to burger bearcat
80% of defi is currently on ETH. That could go to 0 tomorrow. Or not.
Posted on 4/9/21 at 8:29 am to Ross
no they are not
they are two totally different things
they are two totally different things
Posted on 4/9/21 at 8:30 am to Ross
quote:
Do you always invest without knowing what you are buying?
ETH and BTC aren’t competing in the same part of the crypto space.
It was a small investment, apart if 15 other crypto investments, so I am not that worried about it.
Posted on 4/9/21 at 8:40 am to burger bearcat
With the majority of Defi projects running on Ethereum, I think you made a good choice. With the new NFT craze going on right now, Ethereum will be the big winner in that as well. Dollar cost averaging is your friend. Buy the dips and HODL.
Posted on 4/9/21 at 8:55 am to burger bearcat
(no message)
This post was edited on 12/21/21 at 1:23 pm
Posted on 4/9/21 at 9:03 am to burger bearcat
quote:
I keep hearing it is going to get as big or bigger than BTC
I keep hearing the government is going to ban it.
Posted on 4/9/21 at 9:07 am to ninthward
quote:
no they are not they are two totally different things
Well, Ross said they aren’t the same either.
You really don’t think they are competing for the same dollar from the overwhelming majority of investors? I think people are accepting crypto as an asset class essential for diversification, but they limiting their exposure in crypto overall meaning they will set aside a specific amount for crypto rather than considering certain types of crypto to be different classes amongst themselves. To me they are competing, just different avenues.
This post was edited on 4/9/21 at 10:54 am
Posted on 4/9/21 at 9:14 am to go ta hell ole miss
quote:
To me they are competing, just different avenues.
one has a finite supply that's never changed. the other changes their monetary issuance protocol every other year it seems, and I'm not even sure if the real circulating supply can ever be audited at this point
for now, bitcoin is clearly the better money.
Ethereum is better tech (but there are a lot of competitors in the tech/defi space: bnb, ada, xrp, dot, etc)
Posted on 4/9/21 at 9:25 am to burger bearcat
quote:Write down who is telling you this then never listen to them again.
I keep hearing it is going to get as big or bigger than BTC
Posted on 4/9/21 at 9:37 am to Fox McCloud
quote:
Kiss that money goodbye
Posted on 4/9/21 at 10:25 am to rocket31
quote:
one has a finite supply that's never changed. the other changes their monetary issuance protocol every other year it seems, and I'm not even sure if the real circulating supply can ever be audited at this point
I understand they are drastically different. I just think they are competing for the same investor dollars in the overall crypto space. Meaning the average investor is looking to diversify a certain amount of her/his portfolio into crypto. Within that set amount of money they will then choose between ETH, BTC, others or a combination. From that standpoint I think they are competitors (with one appearing to be substantially better than the other at this stage). I could certainly be wrong.
Posted on 4/9/21 at 10:13 pm to go ta hell ole miss
no they have two completely different functions
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