Bears think it’s over. Bulls think we’re pausing. Ethereum just doesn’t give a shit. The move in cryptos is palpable and you’d be insane not to recognize all of the hallmarks of a move about to head into hyper-drive. Having said that, I’d like to reiterate my position on ETH as the dominate player for the blockchain — but also bring up a salient point about purchasing SHITCOINS.
It’s perfectly all right, especially if you’re buying into the fever and have bought into coins that correlate with major cryptos. In other words, there’s no point in being a crypto snob — thinking your project is better than the next. When we are trading asset classes we only care about making money. Along that point, there are several smaller coins that correlate perfectly with ETH and offer even greater returns. I have not really delved much into them because I am a firm believer in the efficient market theory. Nevertheless, I think it’s a foregone conclusion that BTC wants $100k. At 27.5 to 1 BTC to ETH ratio, ETH will trade at around $3750 at $100k BTC. Digging deeper, I can say with utmost certainty that smaller coins like LINK, UNI, and OMG will perform even better than ETH, as we march towards $100k. Naturally fraud or something fucked up can change the dynamics — but trading asset classes isn’t complicated and you don’t need to be an expert on cryptos to understand the dynamics of fear and greed and correlation.
I have a substantial fortune in ETH, only because I am up 10x. I have smaller holdings in a pastiche of cryptos and intend on creating a SHITCOIN basket on March 1st — because, as I said before, BTC to $100k is a trivial bet at this point and nothing in the world can stop it.If you enjoy the content at iBankCoin, please follow us on Twitter