Ethereum is created by Microsoft , is open-source and worked on by PhDs
Bitcoin’s dev team can’t even decide when to fork their code
Satoshi’s vision could not have been to create a dominant cryptocurrency - it was to share the idea of crypto itself
Read up on the power of Ethereum smart-contracts
Ethereum transfer time between two addresses is 2-8 minutes compared to 45-60 minutes of Bitcoin .
We see on the Renko chart that we are well, well below the .
and DI suggest selling is the appropriate action.
signal line well below 0, amplifying future sell signals.
Stock says undervalued but pay less attention to it.
Squeeze momentum constantly in the red since August.
As you can see, Bitcoin is in a freefall state compared to Ethereum .
For those not margin or future trading, I would suggest selling Bitcoin and buying Ethereum soon.
Then where's my paycheck for doing all the work?I created all cryptocurrency dummy..pay me$$$$$
Price action: BTC is experiencing a sharp drop so ETH and all ALTs *will* drop in the short term. If BTC was to have a bounce rally ETH might have a chance to bounce up with it. BTC sets the world belief in all crypto. To put this dip positively, the price was ahead of itself by the world at large and is undergoing a major correction down.
In short - be careful going long on any crypto while BTC is dropping and if there is a bounce, anticipate it potentially coming down harder afterwards until this bear cycle has completed.
BTW: The lightning network is *already* right now allowing instant, low cost, scalable transactions for Bitcoin/BTC. Time will tell if adoption takes off which is key.
I'd suggest best buy-in position for ETH will be close to when BTC has finished its current drop.