ETH/BTC pair has failed to hold line gain strength, this points to a giant loss of ETH in BTC terms and everything on Ethereum.
With Solana out to send stable coins cheaply, the SEC declaring ETH a security, ETH will likely never got a Spot ETF thus never catching up to BTC's Spot ETF Inflows.
This is where Staked Ethereum takes a loss they never thought possible.
Comment
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youtu.be/iBsRN7XB-Lk Chuck Berry - Johnny B. Goode - Electric Guitar Cover by Kfir Ochaion - BODA SKINS
If the SEC denies the Spot ETH ETF's expect chaos, expect a run into Bitcoin.
Ethereum "maxies" aren't known exactly as strong hands.
For those that don’t know… ETHBTC is an oscillator. Below .035, I will swap some BTC for ETH, but not before then, and not all at once because it may go even lower… before recovering back to some higher valuations.
Bitgolder
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ETH is going to collapse to zero and there is only a handful of us who see this playing out. Also the ETH/LTC chart looks awful for ETH.
MickleMcGirk13
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@Bitgolder why is that? a bit of an overreaction???!!
Bitgolder
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@MickleMcGirk13, Not at all everyone will soon see whats about to happen. I feel bad for these people.
keithf89
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This demonstrates a clear lack of understanding with blockchain technology and how i can be utilized. If your FA and TA is comparisons to Peercoin and LTC then it really speaks volumes as to your knowledge on the subject
FederalXBT
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@keithf89, Explain your knowledge on the subject then? because I been here for over a decade at this point. And do you know what history tells us? PoS and smart contracts on the base layer eventually fails, how many more times are we going to try this before realising the only approach to this is a centralised company that launches a product allows users to use it?
Get this "decentralised Ethereum" PoS concept out of your head because its a fallacy.
You really think institutions want to allocate to something that can be majority staked and gain control over validators? there's a reason the ETH futures products are basically dead.
Look at the Ethereum burning, do you understand with PoS if you don't get a constant adoption the effect reverses when confidence is lost in the Ethereum network?
Peercoin, Namecoin, LTC > Base layer fast transactions > base layer smart contracts > PoS it has all failed because it simply does not work.
FederalXBT
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@FederalXBT, And this is coming from someone who has spent over $20,000 on stupid DeFi fee's and USDT transfers in multi bear markets, do you know what people eventually end up doing? we switch to Solana or Liquid USDT on Bitcoin to send stablecoins regardless if we don't like "Alt coins" Ethereum can be replaced and it has been replaced.
MickleMcGirk13
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interesting. I can definitely see this playing out either way.