Crypto holders question ETH's value compared to Bitcoin
10 posts across 3 communities in the last 60 days; 70% from r/CryptoCurrency.
“What is the utility of gold during a famine where even the wealthiest individuals cannot acquire food?”
“Notice how you conspicuously danced around any real metric like marketcap which Bitcoin obliterates ETH in? The unfortunate reality about ETH is that it's not OG to beat Bitcoin, and it's not new enough to beat newer products with better fundamental metrics like transaction…”
“My crypto investments is 70% BTC ETF and 30% Ethereum ETF. I bought about a year ago and BTC has doubled but Ethereum is down by 30%. Need assessment if BTC holders also give substantial weight to ETH or shall I sell my Ethereum and love the funds to BTC. I am not promoting one…”
Several users express uncertainty regarding the relative value of Ethereum (ETH) versus Bitcoin (BTC), questioning whether converting BTC to ETH is a wise move. One user draws an analogy to gold during times of scarcity, highlighting concerns about ETH’s utility in extreme circumstances.
SOURCES (22)
“Notice how you conspicuously danced around any real metric like marketcap which Bitcoin obliterates ETH in? The unfortunate reality about ETH is that it's not OG to beat Bitcoin, and it's not new enough to beat newer products with better fundamental metrics like transaction costs,…”
“My crypto investments is 70% BTC ETF and 30% Ethereum ETF. I bought about a year ago and BTC has doubled but Ethereum is down by 30%. Need assessment if BTC holders also give substantial weight to ETH or shall I sell my Ethereum and love the funds to BTC. I am not promoting one over the other. Just need fair assessment if Ethereum is as important to hold as BTC submitted by /u/FeeParking4506 [link] [comments]”
“Also eth at like 60.000$, he should share what drugs is he on to avoid them lol”
“It’s the Saylor of ETH. I wonder does he know actually that bitcoin unlike ETH is scarce and limited?! Lol”
“Narratives are funny. Ethereum has had less inflation than bitcoin, but since bitcoin promises to stop inflation at some point in the future, without any solid concept of how miners would be paid to keep securing the network, everyone thinks of it as "fixed supply". Rather than talking about inflation and supply, the relevant conversation should be how secure the network is and how much that security costs.”
“You know that that ratio being low means Btc has become worth less Eth? Meaning you are getting fewer eth for your btc than before, and eth has not as much space to grow as it had?”
“I have held a significant amount of BTC for years now and I have noticed that the BTC/ETH ratio is currently very low. For this reason, I am considering swapping a portion of my BTC with ETH, as I believe ETH has a better chance of doubling in value in the coming months or years. Are there decentralized bridges or swaps that allow me to do this? Please leave a comment with suggestions. submitted by /u/yiddo_bhushan [link] [comments]”
“I don’t agree with your thesis and urge restraint. That being said, they’re the 2 biggest coins of all time, you can do this anywhere.”
“I have held a significant amount of BTC for years now and I have noticed that the BTC/ETH ratio is currently very low. For this reason, I am considering swapping a portion of my BTC with ETH, as I believe ETH has a better chance of doubling in value in the coming months or years. Are there decentralized bridges or swaps that allow me to do this? Please leave a comment with suggestions. submitted by /u/CHEEMS_- [link] [comments]”
“Bitcoin's value proposition is enabling the ownership and transfer of value peer to peer that is and censorship-resistant and doesn't rely on counterparty trust or permission. Just because you don't need/understand that doesn't mean it doesn't have significant value to others.”
“Another sidelined altcoin bagholder mad about the ratio, so the FUD is "Bitcoin's security is going to fail let's all buy ETH" https://www.tradingview.com/symbols/ETHBTC/?timeframe=ALL Look at the beautiful downtrend since 2017”
“ETH/BTC flipped the downtrend sure. But you don't have to go all in. Just 50/50 (or 60/40) and chill”
“Simple tip that I learned later on... not one or the other, a part in both and buy some now and some later. ETH usually has a higher percentage of drop and rise which makes it more speculative but also isn't as reliable while BTC still gives rather good curves but is more likely to do it. Poorly explained but I hope you get my point.”
Percentage wise ofc. But would you rather own 1 ETH or 1 BTC 😂
“BTC is best long term. You can borrow against it with a healthy LTV (account for winter) and buy some ETH.”
Trade BTC for ETH ...... whaaaaaaat???????? Please don't do that.