ETH is higher by 14% early going, while BTC is down 3%. All of the faggots are selling Bitcoins to buy Ethereum — because it’s ‘cheap’ and MUH fiat currency. After all, ethereum was $8 in the beginning of the year. Now that it’s nearing $400, some cryptocurrency traders think it’s a good buy.
Amusingly, very few people saw this coming — the king of digital money, Bitcoin, being dethroned by an upstart. But that’s exactly what is going to happen. This move has the feeling of inevitability, and this is coming from someone who knows little about the crypto markets. I just know markets and I know psychology. Those fucking faggots will keep buying ETH and selling BTC until ETH’s market cap is greater. That’s the big play here.
You can watch the fun here.
As of now, the total cryptocurrency market is worth $111b — aka real money. There is a ~9b spread between ETH and BTC and it’s closing fast.
The post Ethereum Soars, Closing in on Bitcoin to Become World’s Largest Cryptocurrency appeared first on Trading with The Fly.
June 12, 2017 at 06:22PM
from Dr. Fly
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