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@18kgoldsouvenir.eth
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I am pretty unexperienced myself, but I think the whole "$ETH is down-only vs $BTC therefore $ETH is bad" is very immature and short-sighted, and not how an investment thesis is usually set up. If it would be true, no one ever would have made money from accumulating something during a more quiet price action
It shows how the average crypto 'investor' thinks
I also think there is a smaller window left for Ethereum to go mainstream, but:
if TradFi gets what Ethereum and $ETH is, there is a real chance that it gets repriced very fast (similar to how $CRCL went up while the whole CT crowd thought the IPO was immensely overvalued).
TradFi will love the $ETH supply dynamics, the digital oil meme, a decentralized financial layer, L2s, and how they can get plugged into Ethereum (without understanding the detailed mechanics)
It's just too early currently
And while $ETH moons, CT will cry about how gas fees are high, how L2 activity does not translate to $ETH value accrual, how there is no real acitvity on ethereum, etc.
crypto people simply love to cry and overcomplicate, under- and overanalyze, because they are too invested in the topic. They want to find a reason for over- and underperformance, which often leads to missing big gains
tradfi loves to dream, esp for companies/assets they don't necessarily get (see palantir)
I think there are very big CT ppl who have/see their vision of Etheruem very clearly and therefore not necessarily care where short/mid term price action is. it's either a hit or miss, and they will b fine with either outcome. but at least there is a thesis. think @nick and @sassal.eth see this pretty clearly 0 reply
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