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/biz/ - Business & Finance

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15551086 No.15551086 [Reply] [Original]

Is ETH the index fund of altcoins? If not, but bet on very risky cryptos and lose it all, rather than a 10x in ETH long term?

>> No.15551119

>>15551086
no it's not, because "altcoins" are going to zero while ethereum is going to flip bitcoin.
Daily fees on bitcoin are only ~2x fees on ethereum, and that's with speculation on ether itself nearly dead.

>> No.15551135

>>15551086
yeah. if you want to capture altcoin exposure, essentially just buy eth. outside of top 20 coins most alt projects are cash grabs

>> No.15551410

>>15551135
...including top 20 coins almost all of them are also cash grabs. I can count the number of legit top 20 coins on one hand.

>> No.15552057

>>15551086
just buy eth yes

>> No.15552270

>>15551410
what are they?

>> No.15552688

The real flippening is not when ether flips bitcoin, that will never happen. Its when one of the coins built on ethereum becomes more valuable than ether itself

>> No.15552937

>>15552688
Hint: You just win

>> No.15552973

>not holding eth
>believing shitskin fud
Never gonna make it
https://www.google.com/amp/s/www.coindesk.com/nasdaq-lists-new-decentralized-finance-index-including-makerdao-0x-augur%3famp

>> No.15553660

>>15551086
no it is not. the absolute state of ETH is a pathetic fucking mess. if IF ETH 2.0 is completed ever (2 years from kow is the earliest date) then ETH might not go to zero. that's the best case scenario. rightnow today, ETH is a failure