ETH JUST HIT A 4 YEAR LOW to BTC!!! And its very likely it will hit a 5 year low to BTC over the next year.
It seems quite a clear trend - Eth is between a rock and a hard place. Eth is bleeding. Its bleeding to BTC, and its bleeding into SOL.
ETH lost all claims of being an "alt" to BTC in terms of being a store of value. It's value derived from being a blockchain which facilitates smart-contracts, and as such, its value can be intrinsically calculated, which in turn massively limits the market cap of its blockchain and hence of its tokens. And further, that value is diluted as numerous other smart-contract "alts" emerge.
It is also well-known that Trump's new SEC head is a fan of Sol and BTC (and these guys are corrupt as hell when it comes to supporting their own investments).
So, here is where I think we are at:
1. BTC is established as the global store of value. BTC is where the world moves its wealth from fiat and other fiat hedges (such as property and stock and bonds and gold) over time. And that is one hell of a use case, which will attract a phenomenal and massive valuation in the years ahead.
2. There is no realistic "alt" to Bitcoin. That is now increasingly clear, even to shitcoiners.
3. The various other types of investments, often referred to as "alts" and "shitcoins", have nothing at all to do with BTC. Some are shares in projects which provide some utility. (Eth, Sol, FIL, UniSwap, ChainLink etc are example). And most are just outright useless scams. (And an infinite number of the latter can be produced, literally within seconds).
4. We should consider alts and shitcoins as investments in the same way we would consider an investment in any other business. Nothing magical about them just because your share is represented by a "crypto token". Whether you have a share in a bread factory, or an airline, or car manufacturer, or a "crypto project" - its all the same. Only with traditional business, there is far more scrutiny over their activities and over the fund raising, and so its far harder to raise capital legitimately than via an alt or shitcoin ICO. As such, these traditional business are likely to be a far more viable investment than an alt or shitcoin. So, you need to ask yourself - why would any business issue shares in it via crypto token vs the traditional way? The answer? - most likely because with far less scrutiny, they can attract far more stupid money and suckers (at least in the short term) regardless of the lack of any fundamental value of what they are actually offering. What happens in the long term to such ventures? Money is of course not unlimited, and so what happens is that as they fail to live to expectations, the value of any share in such ventures declines. And for most, pretty much to zero.
5. So, what about the mythical "alt season" so many shitcoiners believe in and hope for? Well, this is largely a story that scammers tell to suck more money out of such naive fools (the scammers selling to them of course putting their own ill-gotten gains straight into BTC). A better phrase might actually be "idiot season". We may get an "alt season" when global liquidity leads to inflows which outweigh total supply of shitcoins, but due to shitcoins being able to be infinitely produced, such a "season" if it ever occurs again, will very quickly be met by new supply of newer shitcoins, again leading to declines. It's hard to believe this is still not obvious to all.
6. If you are to dabble in shitcoinery at all, do it at the bottom of a cycle when the world is feeling maximum economic pain. And even then, buy only projects that have some fundamental value. (Again, Filecoin, UniSwap, and ChainLink are examples of what you should consider in such situations).
But really, what to do, as I have explained many times before, it really is very very simple. Buy BTC., As much as you can. Keep stacking, and HODL. I have said time and time again that lessons will be learned. And again, that is now occurring...
All those who listened to me at the start of this thread should now have at least 1 BTC and so be worth at least 100K. There is really no excuse for anyone here who failed to do so.
But for anyone new here, or those who for some reason failed to listen - it's not too late. BTC WILL HIT 1m per coin. Again, I urge anyone who is not yet a wholecoiner, to get there as quickly as they can. All the info you need is in this thread. Please please do not waste this opportunity to set yourself for life.
