Daily General Discussion - May 10, 2020

oh yeah BTC is going to do its run to the 6 figure promise land sooner rather than later

personally I think ETH will front run that move while BTC consolidates after its halving pump.

crypto pricing is about relativity, the reason BTC is struggling with $10K right now, is because paying $10,000 for BTC when ETH is $200 just feels overpriced. So people are a lot more cautious with their buying because it just feels overpriced.

so before BTC can start really pumping, ETH and alts will need to be pumped to make the new BTC pricing a lot more acceptable.

thats how the whales operate, BTC is where they make most of their money, because thats where the liquidity is and thats what the regular folks follow/invest in. But pumping BTC is very expensive. So to make that happen, they pump alts for peanuts to make BTC prices more acceptable. "ETH is sitting at .1 on the ratio, thats way too high, BTC needs to pump next"

/r/ethfinance Thread Parent