Say what you want about ordinals but they may have defeated ETH. Eventually these ordinals will also be worthless and the underlying btc will be what is coveted by these shitcoiners
Text from a long time ETH holder that I’ve been convincing to sell for a long time: 
Hahahah will be funny to see where he capitulates. Any amount of sats for eth is a screaming deal since eth is worth 0
Eth is how the bitcoin price is controlled. The Btc-Eth spread is how it's manipulated. If you can create infinite eth and have infinite dollars you can artificially suppress btc dollar price by bidding eth.
The btc -Eth spread represents long 1btc short 1eth. Or alternatively the eth-btc spread just reverse.
This is how market makers make their money. Any large btc rally is usually stomped out by a large eth sale.
We don't have a free market until btc-shitcoin spreads go to zero.
Eh I don’t fully agree with this line of thinking. Sounds very similar to tether fud which has been disproven over and over again. Just because someone has a money printer and BTC can pair with it doesn’t mean it’s “manipulated” by it. First of all there always needs to be a buyer and seller on both sides. You can sell shit for gold for a little while until people realize that shit stinks.
Right so a market maker sells btc buys eth to complete the spread he's -1btc +1eth. He's short the spread and buys the btc -Eth spread to complete his fiat arbitrage.
Not saying it will work forever but that is the market mechanics at this point
Ok gotcha ya agreed. Short term it can move things but I think this is a diminishing effect that comes and goes with hype events in shitcoins. In the end they all capitulate against the king
Exactly. It ends but it's annoying in the short term.
This was a massive eth sale today to try and control things. You will see it happen quite a bit. 
Works minimally though they aren’t “controlling price” they’re making tiny dents in massive warship. And as time goes on their ability to trade against Bitcoin diminishes eventually to nothing.
Yes as long as there is no mechanism to control it. This is why taking binance down was important, they need a single fiat exchange (coinbase) to try and influence things on. They fail long term.
I agree with nostr:npub1lck4ea3wjk4tgxds0dhc57m4609nqeh6ufwxk39vurulxrzexq7ssjg5k4 here. I know the eth foundation has a lot of bitcoin and I am sure they use it to trade against Bitcoin and in favor of eth but I do not think they can “control” the price. They slight influence on occasion but the market is massive. No one entity is controlling the Bitcoin spot price market imo.
This is more important than the btc orice. This needs to go very very high. 
Fair point. Don’t care about ordinals myself, but if it turns #shitcoiners into #Bitcoiners then it is good for the short term.
Hopefully he has a stop loss order as well, general trend is down until the so-called alt-season.
I told him to start DCAing out of ETH now. He agreed and started selling
