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The ETH/BTC ratio is the best way to look at the relationship between the two.

Since June 2017 the opportunity cost of holding ETH has done nothing but rise. That's 7 years of loss against the value of bitcoin in purchasing power and for the last 15 weeks that ratio has been falling like a stone.

The two darker blue lines are the long-term downward trough while the light blue line is ETH tilting its nose down and aiming firmly for the ground.

We have warned and warned and warned. We've been laughed at, made fun of, and called "Maximalists". We were right in 2017, we are right now, and will be right going forward.

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Discussion

𝕞ptf 1y ago

There are many grifters promoting ETH and "Defi".

TheGrinder 1y ago

that's one hell of a scary chart. For ETH folks anyway

dshf 1y ago

I remember when I bought some ETH on exchange expecting 15-20% gains in next month. When I tried to move it to my wallet I realized that it would cost me 5% so it would be 10% both ways. Where was my gain then? If transaction size was 10x it would be 1%. But I never allocated more than 3% in shitcoins. Anyway, I sold it right away and never touched it again.

So ETCBTC rate is opportunity cost but ETH holders need to add to that also transaction costs. They are rekt but some must enjoy it I suppose.

It was lesson learned that cost me nothing.

Other shitcoin lessons I had to pay for but I also learned those lessons.

Never shitcoining again.

OzzyHB 1y ago

The shitcoin ship is sinking. Hopefully most/all other scamcoin will go down with it.

curt finch 1y ago

exactly. and it is even worse for most other coins

StackinBeets 1y ago

Meanwhile that fucking dogcoin is up 120% vs btc on the monthly candle. I know it'll go to zero eventually but god damn, how is this shit still not dead.

CitizenPleb 1y ago

Elon

Papá-raguayo 1y ago

Calling me a maximalist feels like a compliment!