Ask HN: Why the disconnect between Bitcoin and Ethereum?
I added small allocations to both in my long-term investment portfolio back in May [1]. FBTC is up 30% in that timeframe whereas FETH is down 5%. Why the disconnect?
[1] Correction: added FBTC in May whereas FETH was July but nonetheless there still seems to be a disconnect
ETH price rise makes the Ethereum-network more costly (and less attractive to uses and developers [cryptokitties]). ETH-Layer2 networks may be parasitic to the ETH price (this is an open discussion). Solana has more attactive tx/s, but is less decentralized (decentralization is less useful if gov isn't attacking crypto).
yeah I think so too. Ethereum gas prices are ridiculous at times. Depending on the network traffic you can pay from 2$ to 20$ for the same transaction.
I believe that it’s because people are not investing in bitcoin because it’s a viable cryptocurrency (unlike Ethereum and some others) but that’s it’s a scarce commodity (like gold) that adds diversification to an investment portfolio.
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