The start of flippening is starting today
Few days ago I wrote about Ethereum breakout versus Bitcoin. I think this has the potential be the trade of the year.
I'm a big Ethereum believer. Wile I don't underestimate Bitcoin as the most famous concurrency and the fist one. Bitcoin is losing my interest, I used to be the cryptocurrency that will revolutionize finance, and now has only one use case, store of value. If bitcoin loses that property too, it will be worthless. The reason why I invested on cryptocurrencies is because it will be easy to transfer wealth between people and borders. Bitcoin with 50$ fees per transfer is simply a ripoff. No way bitcoin will be used as money if there will be no solution to ripoff fees.
On the other hand, Ethereum has many use cases and a great team. I never saw a team before where changing the world is more important than coin price.
Anyways the bet was worth it, giving me a nice profit so far. This is just the beginning, I believe it has more room to grow, reaching all time highs.
Chart: tradingview.com
Follows and upvotes are appreciated :)
Disclaimer: The information contained herein is not guaranteed, does not purport to be comprehensive and is strictly for information purposes only. This is not a financial advice. It should not be regarded as investment/trading advice.