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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
- sfmz 2y agoETH 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).
- _kidlike 2y agoyeah 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.
- akircher 2y agoI 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.
- ArtTimeInvestor 2y agoEth supply is unknown, while BTC supply is capped at 21 Million. Having a capped supply is a core value in the Bitcoin story. In the ETH story, it is not. ETH supply is changing every couple of years in unpredictable ways.
- myroon5 2y agoDefinitely less predictable, but interestingly Ethereum supply decreased since the 2022 merge: https://ultrasound.money/ https://ultrasound.money/
- Jabbs 2y agoBitcoin is proven as a monetary asset competing in a $900T total addressable market. Ethereum is more of an experiment looking for a use case whilst also having the founders print money for themselves so it will never be interesting as money.
- npoc 2y agoBitcoin is proof of work. Ethereum isn't. If money isn't proof of work then what is it?