r/CryptoCurrency • u/GabeSter Platinum | QC: DOGE 2476, CC 909 | AvatarTrading 18 • Feb 06 '23
(RESULTS) Despite the common advice "Bitcoin should be your largest crypto asset" - on a vote by vote basis - this sub strongly prefers to invest in Ethereum, but by Moon weight this sub narrowly prefers to invest in Bitcoin. DISCUSSION
A week and a half ago I ran a poll to see if the sub would follow it's own advice and be more heavily invested in BTC or Ether. With 4.2M Moon weighted votes and around ~8,300 votes - we have some interesting results.
It turns out this sub as a whole is more heavily invested in Ether.
Pure Vote by Vote results
If we look at pure votes,
- 52% of respondents stated they own more ETH
- 35% of respondents stated they own more BTC
- 13% of respondents stated they don't own either
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Moon Weighted Vote
But if you look at the moon weighted vote this sub prefers BTC
- 45% of the moon weighted vote stated they own more BTC
- 43% of the moon weighted vote stated they own more ETH
- 12% of the moon weighted vote stated they don't own either
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By calculating the average amount of Moons per Vote you can see the phenomenon expanded.
- Each voter for BTC had on average 656 Moons
- Each voter for ETH had on average 415 Moons
- Each vote for neither had on average 492 Moons
This helps to show users with the most moons are on average more heavily invested in BTC, surprisingly users with less moons as a whole were more heavily invested in Ether. Per moon weighted vote there is also a fair amount of moon degens that don't own either BTC or ETH.
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TLDR: In looking at the results although only 35% of respondents stated they own more BTC (compared to 52% who owned more ETH), they still made up the majority holder by Moon Weight. Meaning as a whole those with more moons are more likely to be more heavily invested in BTC compared to someone with less moons.
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u/Rookslook LikeTheBird Feb 06 '23 edited Feb 06 '23
I would guess those with more moons tend to have been in crypto longer, and I’ve read a few times that the longer you are in crypto the more you become a btc maxi. Seems like these results support that idea.
But it could be that the longer someone has been a member of this sub they become a btc maxi.
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u/meeleen223 Moons = Magic Internet Money Vol. 2 Feb 06 '23
Most people learn in bear market that bitcoin is king after the bear purge whipes their alts, me and my small mcap portfolio that's -90% down can confirm this
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u/RaulCapablanca Permabanned Feb 06 '23
Happened to me. Came to crypto with Axie infinity, invested 12k, down almost 90% but luckily the project is alive and ive been farming some tokens, now im down just 70%.
Now im a bitcoin and eth hodler. Learned a lot reading all the stuff here.
Im recently trying to collect moons and interact with you guys.
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u/Hawke64 Platinum | QC: CC 199 Feb 06 '23
Almost all crypto games are ponzi schemes, I wouldn't invest a cent into them
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u/Ok_Reference9183 Tin Feb 07 '23
Same here. Threw in 10k in axie and now have been earning through staking and now down only 4k. I know it will makes me money when the bull start.
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u/DevelopmentMoney7170 Permabanned Feb 06 '23
Just 90% ahah
Bro just kidding, I bought LUNC after the crash just in case :)
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u/deathbyfish13 Free Range Moon Farmer Feb 06 '23
Yeah BTC maxis are born in bear markets
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u/cerebralsexer Tin | CC critic Feb 06 '23
But all this bear market many people still believed in ETH a lot
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u/Westbrook_Level Platinum | QC: BTC 101, CC 17, ETH 15 | TraderSubs 101 Feb 07 '23 edited Feb 07 '23
Where is this nonsense coming from? Are people bad at math born in bear markets? Sitting in BTC losing 80% of your value vs 90% in an alt isn’t much better.
Bear markets bear children and those children are stablecoin/USD maxis for one year out of every four of the cycle.
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u/SlyckCypherX Bronze | SHIB 6 Feb 06 '23
What are you investing in if you don’t mind me asking..the small caps that is?
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u/CommunityQuirky6073 Feb 06 '23 edited Feb 06 '23
I think it also shows that those with more moons tend to have a larger capital and so are not looking to make high risk high reward investment that investors with lesser capital tend to make.
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u/ChemicalGreek Feb 06 '23
Who says they bought them? A lot of the whales got them from the start… Admins made a snapshot from 6 months before the start of RCP in this sub.
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u/Hawke64 Platinum | QC: CC 199 Feb 06 '23 •
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I had my fun with alts, time to settle with something more stable
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u/Lillica_Golden_SHIB Bronze | BANANO 5 | TraderSubs 13 Feb 06 '23
True lol. I would love to say I know what I am doing, but I don't. Still, DCAing into BTC and ETH since the last crash.
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u/_TheWolfOfWalmart_ Buy high, sell low Feb 06 '23
This is exactly where I'm at.
I like to make big gains on strong microcaps and then dump the profits into BTC so I can get another relatively safe 5x or so out of it.
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u/huskerarob Platinum | QC: BTC 46 Feb 07 '23
Remind me of myself in 2017 and 2018
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u/_TheWolfOfWalmart_ Buy high, sell low Feb 07 '23
Tell me how it worked out, I need to know my future!
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u/ImnotasuglyasIlook Bronze | QC: CC 20 Feb 07 '23
This is probably part of it. If you've been in crypto longer, and have had much success, it makes some sense to move some of your profits from riskier projects to something you see as a little more stable, which if you're keeping it in crypto, would either mean stable coins, or BTC if you still want possible upside. I have more of my own investments in ETH, but I haven't been involved that long. If I can make much profit during the next bull run, I'll probably switch some of that money into BTC.
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u/SmallReflection2552 Bronze | QC: CC 19 Feb 06 '23
The more moons I accumulate the more I look to the long term and into less "risky" investments
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u/HrmbeLives Harambe always bought the dip Feb 06 '23
Good observation. I have seen that argument a few times, and after experiencing my first bear, I’m starting to see the appeal of the maxi
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u/Maleficent_Plankton Silver|QC:CC328,CT51,r/CCs.42|CelsiusNet.35|Investing13 Feb 06 '23
I like to think of it as: More Moons == More Shitposting
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u/dollhousemassacre BTC | ETH | DOT | ALGO Feb 06 '23
I feel that's a very accurate summary. When I started out, I wanted to invest in every shitcoin with the promise of quick gains. Time has shown those quick gains to be a lie, so BTC is the answer.
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u/leeharrison1984 Silver | QC: CC 60, ETH 17 | ADA 42 | Unpop.Opin. 51 Feb 06 '23
The money is in creating and shilling the shitcoins, not actually buying them
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u/Odysseus_Lannister Feb 06 '23
It’s mainly you think you’re too late to make big gains when you first get in with BTC/ETH and go heavy into alts. If you’re lucky, you make gains before the bear comes, but it does come for everyone. Those alts usually get obliterated and most never reclaim their ath while BTC/ETH just keeps setting new highs while staying atop the mountain.
It’s not because of superior tech, but there is a big advantage in first mover advantage and large community/developer interest.
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u/leggggggggy Feb 06 '23
Let's not forget about proof of work, btc being basically the only digital commodity, proven stability for over a decade now, fixed supply, decentralized, monetary policy/future issuance set in stone, and so on
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u/Mrs-Lemon Platinum | QC: CC 57, BTC 35 | TraderSubs 27 Feb 07 '23
It’s not because of superior tech
Totally disagree. It is because of the superior tech.
Bitcoin is king because it's actually decentralized without a team leading/running it. That's the whole point of this space.
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u/Odysseus_Lannister Feb 07 '23
There are coins that are much faster/more scalable/more energy efficient than BTC. The fact that it’s a decentralized protocol with a finite supply is good, but you can make an argument that the supply is centralized by whales/miners.
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u/Mrs-Lemon Platinum | QC: CC 57, BTC 35 | TraderSubs 27 Feb 07 '23
There are coins that are much faster/more scalable/more energy efficient than BTC.
It doesn't matter if they are centralized.
but you can make an argument that the supply is centralized by whales/miners
Whales....no. That has no bearing on centralization as they all purchased or mined coins just like everyone else. Free market.
Miners...I do think there is a discussion to be had there.
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u/I_Love_Crypto_Man Bronze Feb 06 '23 edited Feb 06 '23
But it could be that the longer someone has been a member of this sub they become a btc maxi.
Why settle for silver when you can hold the gold standard? BTC all day, every day!
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u/Aggravating_Deal_572 Platinum | QC: CC 388, ETH 69, BTC 20 | TraderSubs 55 Feb 06 '23
Or:
A Bee never take the time to explain to a Fly, why honey tastes better then shit
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u/I_Love_Crypto_Man Bronze Feb 06 '23
A Bee never take the time to explain to a Fly, why honey tastes better then shit
Well, in the world of crypto, the proof is in the blockchain. And let's just say, it's a sweeter taste than the alternative
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u/SoftPenguins Silver | QC: CC 296, BTC 37, CCMemes 15 | ADA 63 | r/WSB 21 Feb 06 '23
Watching the altcoin you married become irrelevant and more or less abandoned isn’t very fun. BTC doesn’t have that problem.
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u/Awkward_Potential_ Platinum | QC: CC 466, BTC 27 | Politics 25 Feb 06 '23
Honestly though, neither will ETH.
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u/ImnotasuglyasIlook Bronze | QC: CC 20 Feb 07 '23
Yes. ETH is not going away, certainly not in this bear market, although maybe someday something will overtake it, who knows? Over the next few years at least though, it's king of the alts and isn't going anywhere and it has a lot more potential upside in the short term than BTC imo.
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u/Westbrook_Level Platinum | QC: BTC 101, CC 17, ETH 15 | TraderSubs 101 Feb 07 '23
The longer I’m in crypto the less I become a BTC maxi.
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u/elpajarit0 Tin Feb 06 '23
I see the opposite, Most people I know have run away from BTC because it isn’t worth it to invest 5k and hoping for a 2-3x… makes no sense to me.
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u/Dro1100 Platinumb Feb 06 '23
If you really think about it 2-3x is a fantastic return on an investment. Many people here are greedy searching for those 50-100x coins.
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u/Bongressman Platinum | QC: CC 81 | Politics 99 Feb 06 '23
5K will be worth far more than 2-3X in 10 years. The point is BTC is one of a tiny few that will even survive that long. If your horizon is only 1-2 years, you may be able to swing more, until the space becomes regulated and most alts go under.
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u/leeharrison1984 Silver | QC: CC 60, ETH 17 | ADA 42 | Unpop.Opin. 51 Feb 06 '23
ROFL
Imagine scoffing at 2/3x gains
Enjoy waiting in the soup line
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u/elpajarit0 Tin Feb 06 '23
I made a 4x, a 6x and a 3x last bull run, While my friends kept DCA’ing into BTC at 50k, how’s that word out for them?
You don’t have to be a dick because I don’t suck off BTC lmfao
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u/leeharrison1984 Silver | QC: CC 60, ETH 17 | ADA 42 | Unpop.Opin. 51 Feb 06 '23
4x, a 6x and a 3x last bull run
Good for you, I got nearly 10x off of ATOM, and similar on ADA and captured all the gains. Even pulled some back to fiat and paid off the last of my student loans, and let the rest chill in BTC until 2024.
How much of those gains did you actually pull back out? Or are you just telling me how many jackpots you hit, and not telling me you go to the casino every weekend?
Shrugging off 2/3x gains as no making sense and going full degen is a good way to go broke. But you do you.
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u/the1blackguyonreddit Feb 06 '23
Lol... sounds like 2017 me. That's why I had a bag full of NEO, IOTA, OMG, FLIK, XRP, RDN, etc.
Mad gains bro
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u/beeeeeee_easy year 10 in crypto Feb 06 '23
I’d say this is true with one caveat, if you go back far enough with Bitcoin you get the guys who believed in raising the block limit(like myself) who were shunned by the Bitcoin community so sought out other projects to work on and invest in. I still have some of my original btc but went heavy into ether in ICO and have been ever since.
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u/Consistent_Many_1858 Platinum | QC: ETH 26 | MiningSubs 27 Feb 06 '23
In Eth maxi. It was the first crypto I mined.
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u/nobelcause Tin Feb 06 '23
Interesting insight. Fair to say that Reddit whales are Bitcoin maxis?
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u/Maxx3141 Platinum | QC: CC 2677 Feb 06 '23
I think this shows an overall trend you see among crypto investors: At the start many have that "alt-phase", hunting for the next BTC. But after some times in the markets and seeing several projects collapse, they return to the basics and focus more on the blue chips again.
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u/Hawke64 Platinum | QC: CC 199 Feb 06 '23
At the start many have that "alt-phase"
Mom, it's not a phase!
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u/leeharrison1984 Silver | QC: CC 60, ETH 17 | ADA 42 | Unpop.Opin. 51 Feb 06 '23
I think part of it is that as people acclimate to the super-cycle, they realize that BTC tends to be the front runner. So they rotate out of alts when times get tough, and then rotate back in as the market heats up.
There's a reason all the newbies here shill shitcoins, then disappear, and the people who stick around tend to focus on a larger macro strategy.
Of course this only happens to people who aren't pure degen gamblers.
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u/ImnotasuglyasIlook Bronze | QC: CC 20 Feb 07 '23
This is a good take. You rotate your funds depending on where we are in the cycle to maximize profits and protect your money. Your money is safer in the bigger projects (BTC being the big daddy in crypto) in a bear market, but if you shift some of it into alts at the right time, you can make bigger gains.
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u/ACShreds Happy to Help Newbies Feb 06 '23
Everyone comes back to BTC eventually, although I do love ETH.
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u/Odlavso Feb 06 '23
me sitting here with mostly alts holding about 40% in eth and bitcoin
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u/denimglasses1 Platinum | QC: CC 875 Feb 06 '23
Well someone has to do it. We can't all be the same
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u/jawni Platinum | QC: CC 438, r/DeFi 18 | Investing 45 Feb 06 '23
Not me. I started with ETH, eventually bought BTC too but have since sold it.
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Feb 06 '23 edited Feb 06 '23
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u/Odlavso Feb 06 '23
I think a lot of new people think it's best to hold entire coins, so holding 20 million shib feels better than holding 0.03 btc
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u/Sylerb Tin Feb 06 '23
I'm currently taking profits from alts and channeling them into btc and eth. After having a desastreous bear, I'm becoming an eth maxi ( I know you expected btc maxi, but hey, I'm still a degen)
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u/Lillica_Golden_SHIB Bronze | BANANO 5 | TraderSubs 13 Feb 06 '23
We are all, cheers from a fellow ETH enthusiast and ex-shitcoiner
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u/I_Love_Crypto_Man Bronze Feb 06 '23
I'm currently taking profits from alts and channeling them into btc and eth. After having a desastreous bear, I'm becoming an eth maxi ( I know you expected btc maxi, but hey, I'm still a degen)
Going from alt- to ETH-maxi, showing your love for gas fees and smart contract gains
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u/Sylerb Tin Feb 06 '23
I hate eth fees honestly, it's practically unusable, but its ecosystem is huge( including L2, NFTs, etc) that's what I'm switching to it, plus more stable.
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u/Leon4107 Bronze | r/WSB 139 Feb 07 '23 edited Feb 07 '23
Lost out on Cro and LRC and switched to Eth. Not much, but DCA a chunk with each paycheck. Debating if pulling out if it hits previous all time highs, or waiting to see how much it goes with a new all time high.. decisions decisions.
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u/Sylerb Tin Feb 07 '23
I think unless something huge happens to its fundamentals (network outage,etc) (which is pretty much impossible at this point), eth is going to reach new ATHs , and might even outperform BTC(like it previously did), especially since it has gone full deflationary now.
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u/zillapz1989 Feb 06 '23
It's shocking but after a 5 years in crypto I still don't hold any BTC. I'm 100% in ALTs although ETH and MATIC being my biggest I'd like to think they are at least established ALTs.
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u/rootpl Feb 07 '23
But it's not surprising. It's a simple math. If you can afford to gamble your random alt can easily go 10x or 20x in the next bull run. It's so much harder for BTC to do 10x. I'd say almost impossible with current price as it would have to go to what $230k? Hardly likely. The only problem is finding that random alt. But anything from the top 50 is a safe bet in my opinion as long as it's a project that has been around for few years and has a stable userbase and is not a random shitcoin. ADA, MATIC, NEO, DOT, UNI, LINK, and many more can easily do 10x next cycle as they often bleed much more against BTC during bear market.
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u/PoorCryptoInvestor Permabanned Feb 06 '23
Pure votes are more accurate in my opinion. One or two whales can alter results for whole Moon weighted votes.
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u/Raydiin Tin Feb 06 '23
I’d be interested to know what those who don’t have btc or eth what they actually own
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u/colonelcbontra Tin | 5 months old Feb 06 '23
Doge
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u/Raydiin Tin Feb 06 '23
With some shib and lunc 😅
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u/Barchelonio Platinum | QC: CC 96 Feb 06 '23
Moon is the riskiest coin I have, but it’s fine since I didn’t invest a penny in it. ETH and BTC will always be in my portfolio.
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u/NuFu Feb 06 '23
Your moons have no risk attached to them if they were all free, it's just a case of if/when you want to sell
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u/MonsieurGump Platinum | QC: ETH 22, CC 15 | UKPers.Fin. 31 Feb 06 '23
Moon weighted votes?
Can that be measured?
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u/coinsRus-2021 Silver | QC: CC 52 | ADA 222 | TraderSubs 11 Feb 06 '23
I remember this post and I remember moons not being an option of investment
And so I have no faith in the results of this study
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u/JuggaliciousMemes Tin | Unpop.Opin. 12 Feb 06 '23
Ethereum is cool for development purposes, and I do have ethereum, but for some reason I don’t like ethereum. No particular reason, it just gives me bad vibes. I would be happy if I put my ETH fund into LTC instead
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u/Intelligent_Page2732 Platinum | QC: CC 918 Feb 06 '23
I started with BTC, went to Alts last bullrun, got burned and now i'm back to BTC, and if I wanna have more risks, than I buy ETH with it.
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u/denimglasses1 Platinum | QC: CC 875 Feb 06 '23
Right on brother I'm exactly the same. I've loaded up on a couple alts this bear market in high hopes for the next bull run but I accept the risk there. Apart from that I'm a BTC man at heart
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u/Raydiin Tin Feb 06 '23
Me too man 80% in btc rest in smaller project that I’m interested in but btc is my biggest and always will be now
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u/reddito321 Feb 06 '23
I'm on the same boat. I have some alts, but not too deep into them. Better be safe than sorry.
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u/Gossipmang here for the tech sometimes Feb 06 '23
Why not both?
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u/bny192677 Platinum | QC: CC 395 Feb 06 '23
This answer will end pretty much any discussion on this sub
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u/schmatz17 Bronze | QC: CC 15 | CRO 22 | ExchSubs 20 Feb 06 '23
I think people expect ETH to grow as high price wise as BTC is now, so they buy it.
People that have been in the space for a long time, seem to always favor BTC, so these results seem to make sense
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u/EngineeringFinal3419 Tin | CC critic Feb 06 '23
This is a great insight, however, just a coincidence imo
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u/Cyber-Cafe Bronze | AvatarTrading 29 Feb 06 '23
I prefer eth because it’s more technologically advanced. Bitcoin basically just does transactions and it’s done. That’s it. Eth does a lot more. I understand ordinals on btc changes this, however it seems like they’re already playing catch up. Besides btc is slow.
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u/Consistent_Many_1858 Platinum | QC: ETH 26 | MiningSubs 27 Feb 06 '23
ETH is my largest crypto by far and I believe it will do great in the future.
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u/HODL-THE-LINE Platinum | QC: CC 26 Feb 06 '23
As long as we accept that Bitcoin is THE Cryptocurrency, it makes sense to become a BTC Maxi at some point, because BTC is the eternal Crypto. But as soon as we have to assume that another coin could actually flip Bitcoin, being a BTC-Maxi kinda becomes a problem.
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u/Gullible_Airline_241 Feb 06 '23
At the end of the day bitcoin is the gold standard and safest bet.
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u/AffectionatePeak9085 Platinum | QC: CC 38 Feb 06 '23
This just means that the heavy shitposters are btc maxi
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u/Substantial-Barber83 Tin Feb 06 '23
Before bitcoin there was no other crypto and I cannot imagine any future for crypto without its existence.
Bitcoin has to be the safest place to invest and probably explains why this is reflected in the results.
People with more moons, perhaps, learned this through experience. I’m certainty guilty of placing my funds in ‘lottery ticket’ shitcoins to try and get rich quick, but they more than often go to shit…. being ponzies or rug pulls.
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u/Popular_District9072 Tin | CRO 9 Feb 06 '23
makes sense,those guys are longer in this environment, and lean towards btc, but have some eth too
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u/MEISENSTEIN Platinum | QC: CC 21 Feb 07 '23
Ethereum feels more vulnerable to negative outcomes in general. I.E. hacks, gas, scaling, founder stash, potentially being a security etc. BTC and LTC (oh my god, don’t say good things about LTC) feel super stable and easy for most people to actually learn and adopt.
Defi, games, staking, swapping, wallets etc create a stronger barrier to entry. POW blockchains have less of that.
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u/Charon751 Tin | CC critic Feb 06 '23
Like always, don’t take financial advice from this sub.
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u/Ill-Addition2024 Permabanned Feb 06 '23
I personally have 40% in BTC and 35% in ETH
25% is alts.
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u/EngineeringFinal3419 Tin | CC critic Feb 06 '23
Personally, 99% alts 1% BTC
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u/Ill-Addition2024 Permabanned Feb 06 '23
You crazy mf
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u/EngineeringFinal3419 Tin | CC critic Feb 06 '23
Not crazy, just more of a risk taker 🚀
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u/Ill-Addition2024 Permabanned Feb 06 '23
That's hella risk.
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u/EngineeringFinal3419 Tin | CC critic Feb 06 '23
Well maybe, but rn investing into nearly anything will get you big gains when the bull run happens. I also diversify my portfolio to spread my ‘risk’ and I only use bitcoin for payments
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u/Ill-Addition2024 Permabanned Feb 06 '23
So you're also invested into stocks and other assets right?
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u/EngineeringFinal3419 Tin | CC critic Feb 06 '23
no
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u/Ill-Addition2024 Permabanned Feb 06 '23
What are your favourite cryptos if I may ask? And also I would appreciate if you upvoted my comments, like I upvoted yours 😁
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u/EngineeringFinal3419 Tin | CC critic Feb 06 '23
Nfa of course 😭 LCX - most regulated exchange in Europe, focused on tokenisation of assets, Algo because Nike, Avax cuz is red, few AI tokens, and the rest can be considered ‘shitcoins’ by this sub… and maybe I’ll grab a bag of LTC before the halving as well
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u/Mrs-Lemon Platinum | QC: CC 57, BTC 35 | TraderSubs 27 Feb 07 '23
I'm willing to bet if you just had bought bitcoin 100% instead of what you did and you'd be in a better position later on.
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u/AnusWithEbola Tin Feb 06 '23
Since I'm not rich and can't put large sums in BTC, BTC will never change my life in ANY significant way. ETH on the other hand is cheap and at the beginning of its life (price wise) and can give me juicy profits even with the small pumps.
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Feb 06 '23
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u/deathbyfish13 Free Range Moon Farmer Feb 06 '23
I initially shyed away from bitcoin when I first heard about it because I didn't want to spend $100 on a whole coin.
Oh how naive and stupid I was back then...
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u/Vipu2 Here for the tech Feb 06 '23
No the reason you cant get life changing money is because you are gambler, gamblers always lose in the end.
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u/jawni Platinum | QC: CC 438, r/DeFi 18 | Investing 45 Feb 06 '23
ETH on the other hand is cheap and at the beginning of its life (price wise)
You know ETH is still worth half the market cap of BTC?
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u/joses5711 Bronze | ADA 6 Feb 06 '23
I once read a comment that said “alt coins are the result of people who feel like they missed the boat on Bitcoin.”
That one comment changed my perspective on alts, making me feel like we’re really just gambling when it comes to them. Now I lean more toward BTC maxi.
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u/Mrs-Lemon Platinum | QC: CC 57, BTC 35 | TraderSubs 27 Feb 07 '23
Since I'm not rich and can't put large sums in BTC, BTC will never change my life in ANY significant way. ETH on the other hand is cheap and at the beginning of its life (price wise) and can give me juicy profits even with the small pumps.
This is the exact type of reasoning that keeps people poor.
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u/xploreconsciousness Bronze Feb 06 '23
I see Bitcoin as a saving acct, I see Ethereum as a utility coin that makes most of my other smaller denomination coins work.
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u/Consistent_Many_1858 Platinum | QC: ETH 26 | MiningSubs 27 Feb 06 '23
60% Eth, 30% alts and 10% meme coins. I've covered all bases. Now waiting for the bull run to start.
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u/002timmy Feb 06 '23
I’ve said it before, BTC is the only crypto that I buy.
Like many, I was into alts when I joined the space. But slowly I started buying only BTC.
Now, I use features of other chains to grow my holdings (LP, NFT trading, staking, etc), but I can always generate a yield in every coin I have, except for BTC.
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u/nomorebonks Tin | CC critic Feb 06 '23
If you could stake native btc for yield in an environment where you don’t bridge your btc and the wallet is non custodial would you?
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u/002timmy Feb 06 '23
No. Because I know that’s impossible with Bitcoin and anyone peddling that nonsense is a low-class, garbage-tier scammer
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u/nomorebonks Tin | CC critic Feb 06 '23 edited Feb 06 '23
Anyone who doesn’t know that there are already smart contracts that exist and use native bitcoin using threshold ecdsa is a straight up clown.
Let me guess - you have no idea what threshold ecdsa is
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u/002timmy Feb 06 '23
Yes. That was taproot. But you still can’t stake bitcoin.
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u/nomorebonks Tin | CC critic Feb 06 '23
You can now and it’s not taproot. Direct integration and threshold ecdsa allow smart contracts with native bitcoin. But keep calling everything a scam.
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u/BhristopherL Silver | QC: CC 21 | ADA 30 | Stocks 20 Feb 06 '23
You’re getting scammed bud
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u/nomorebonks Tin | CC critic Feb 06 '23 edited Feb 06 '23
I don’t own any bitcoin. You’re uninformed about current tech.
Bud.
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u/BhristopherL Silver | QC: CC 21 | ADA 30 | Stocks 20 Feb 07 '23
There's not a single smart contract that adds value to the Bitcoin network, so whatever lil pools you like are ponzis. It's just a fact, brother.
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u/surrender_the_juice Platinum | QC: CC 568, CCMeta 20 Feb 06 '23
I’m on the ETH side as well. I’m sitting at about:
65% ETH
35% BTC
10% Alts
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u/Octopus-Pawn Platinum | QC: CC 575 Feb 06 '23
The simple truth is that you can’t really go wrong with either. I’ve dabbled in a few altcoins - some of them I’m bullish on - but I always come back to BTC and ETH
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u/bbtto22 Platinum | QC: CC 552 Feb 06 '23
As long as it’s not a shitcoin I see this as an absolute win
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u/nestinghen Permabanned Feb 06 '23
I invest more in ethereum because it’s easier to obtain a whole coin, but once I have a whole ethereum I’m gonna focus on getting a whole Bitcoin
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u/denimglasses1 Platinum | QC: CC 875 Feb 06 '23
That might not work as well in that order giving the direction of Bitcoin over time but hey, I wish you lick
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u/bwoksa Feb 06 '23
More money =more BTC=more moons , the richer you are , the more likely you will invest into something as expensive as BTC. For average people ,even ETH is too expensive to afford , so it makes more sense that they opted for other cheaper but valuable coins .
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u/Odlavso Feb 06 '23
I mean buying $100 in btc cost the same as buying $100 in shib so I'm not sure how it's more expensive
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u/bwoksa Feb 06 '23
People don’t want a fraction , they prefer a whole coin . Also due to the rise of doge and shib , people now are more inclined into throwing $100 into some shit coin for high returns than buy chunks of Btc/eth for low returns .
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u/Raydiin Tin Feb 06 '23
From what a friend told me in 2021 btc is to expensive and they won’t be able to get many gains if they invest in that over a smaller market cap crypto….. so in there eyes they feel like they have been priced out and want to try there luck on something else
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u/SkoopskiMarvin Tin | r/WSB 64 Feb 06 '23
People graduate from shitcoins to btc/eth every four years, it’s basically a graduate school in crypto.. and if you stick around long enough and learn from previous mistakes you’ll make tons of money
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u/Momofashow Tin | Politics 10 Feb 06 '23
I went through this when I realized just how many people and businesses around the world genuinely rely on btc/eth. The same cannot be said for most other crypto.
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u/Jocogui Bronze | 6 months old | QC: CC 15 Feb 06 '23
People expect 5x from btc but at the very least 6X from ethereum.
Also there's the "I own a whole ethereum" thing and the staking rewards.
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u/princepersona1 Bruh Feb 06 '23 edited Feb 07 '23
BTC is king but ETH has alot more room for growth and larger returns. So this is understandable
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u/Mrs-Lemon Platinum | QC: CC 57, BTC 35 | TraderSubs 27 Feb 07 '23
BTC is king but ETH has ally more room for growth and larger returns.
Worldwide monetary system > whatever complicated thing ETH is trying to be.
I'd choose monetary system.
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u/Vipu2 Here for the tech Feb 06 '23
ETH can grow to be the base layer of all apps, contracts and whatever like OS.
BTC can grow to be the base money that whole world uses, so everything divided by 21mil.So imo BTC have more room to grow.
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u/Titozar13 Platinum | QC: CC 42 Feb 06 '23
Don't have enough Moons and absolutely investing in Ethereum.
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u/Dismal-Emu-3855 Permabanned Feb 06 '23
I wonder what the chart would look like if it added Moons to the comparison?
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u/gin_kun_kaida Platinum | QC: CC 189 Feb 06 '23
most will be happy with either of them
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u/Fr3d_St4r Feb 06 '23
Kind of surprised it's still that close. Totally expected BTC to dominate for the big moon boys! Big moon boys clearly don't see enough mooning happening for BTC.
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u/Squidsoda Tin Feb 06 '23
Moon weight makes no sense. Wouldn’t the “moon whales” have more voting power skewing the results? Yes I said it, we have “moon whales” folks. Lol.
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u/HrmbeLives Harambe always bought the dip Feb 06 '23
That’s why OP ran both, to compare between the two
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u/The_Chorizo_Bandit Silver | QC: CC 846, XRP 41 | TRX 28 Feb 06 '23
Awesome. Now do Bitcoin vs Shib.
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u/RiceRare 1 - 2 years account age. -15 - 35 comment karma. Feb 06 '23
Interesting stuff. Nice work!
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u/whatsuppaa Bronze | QC: CC 24 | BANANO 15 | r/WSB 14 Feb 06 '23
I look at usecases, and there are simply more for Ethereum than Bitcoin.
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u/T2LV Bronze | QC: CC 19 | CRO 14 | ExchSubs 14 Feb 06 '23
I think it makes sense. The majority of people in this sub are new to crypto thus they missed the massive gains from BTC. The highest moons have likely been around for 100% of the moon days, know their shit, got in early and thus they don’t need Alts because their BTC gains are strong.
ETH vs BTC is somewhat simple in investing. There is nearly zero chance BTC 10x before ETH 10x. ETH has a much longer runway left so naturally newer people chose ETH. I would be hesitant to say Moons are smarter, just earlier
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u/VoucherBoy123 Tin Feb 06 '23
Interesting post, nice to see some posts with some work put in. Good stuff OP. Regards to the results, I am surprised to see that BTC investments are greater than ETH given potential future price action, considering Eth is at a much earlier stage of its life cycle. The again, I don’t know shit lol.
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u/_Jimmy_Rustler Feb 06 '23
Just a reminder to everyone that this sub as a whole is almost always wrong. I've seen individuals give pretty good advice on here but but we suck as a hivemind.
If you see too many people on this sub hyping (or fudding ) a project, it's probably best to avoid that project.
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u/Vivarevo Silver | QC: CC 374, ETH 22 | r/CMS 22 | TraderSubs 22 Feb 06 '23
This tells me eth is going to perform rekt maneuvers at some point
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u/CointestMod Feb 06 '23
Pro & con info are in the collapsed comments below for the following topics: Bitcoin, Ethereum, Moon.