mljones

About to shift some BTC into Eth

COINBASE:ETHBTC   Ethereum/Bitcoin
Have a limit order to buy at 0.016464 on Binance, this is the only crypto trade that interests me at the moment.

Eth is seemingly on no one's radar, no one I follow on youtube has mentioned it in a very long time which means to me that it's an area to look to gradually accumulate.

This chart is a follow up to the one I posted a while back to buy eth with btc at points 3 and 5. It's within spitting distance of point 3 so I am going to pick up some there is possible.

I find it really incredible the number of new projects that are being built on eth, all the large decentralized finance projects use it and are locking up eth at larger and larger paces. The largest stable coins like TUSD use it as well. The ratio of utility to price makes eth the most interesting crypto that exists at the moment.

BTC is showing much more price strength but even it it hits its old high that's not even a 4 RRR. Eth has so much more open ended upside potential that for me it makes the most sense to shift more weight into it to create the potential for a huge win.

One thing I have my eye on is the rate that eth is locked in defi vs the rate that new eth is mined. If that ever crosses over eth will head quite high quite quickly.

That day is not yet here so it's a matter of patience on a trade that might take several years to complete but could also be the trade of a lifetime if it works.
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