Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
Welcome back dear frens.
I’ve been pruning my portfolio this past year. The crypto winter has taken a toll. If I’m lucky maybe I’ll break even on some of my crap coins.
I’m in the middle of unstaking some of the mid-tier names like ATOM and Solana. I’ll put some in cold storage and some on an exchange so they can be dumped when I get a good price.
And then there were two.
It has finally come down to this. A showdown between the two crypto TITans.
It’s like when Troll’s Granny goes jogging without a sports bra.
The two massive melons colliding can cause reverberations that can be felt miles away.
It’s difficult having to choose between Bitcoin and Ethereum.
It’s like asking me whether I like the left booby or the right booby?
Why can’t I motorboat both of them?
Nothing is forever in the world of trading. I’m a profit maxi. If Bitcoin performs better, Ethereum gets kicked to the curb.
If Ethereum outperforms Bitcoin sleeps on the streets.
If they both stink up my portfolio, they both will get tossed like a sack of trash.
I hope it doesn’t come down to that.
Let’s see which one I’ll let live.
On one hand Bitcoin has ordinals, a store of value narrative, and a head start.
On the other hand Ethereum has their ultra sound money narrative, zero knowledge layer 2s and is the home to a ton of total value locked.
I could just declare a draw but that’s a cheap cop out.
If I had to pick only one now it would be Bitcoin.
The current edge goes to Bitcoin.
It’s boring but it just works. It’s not a bad place to hide until a real bull market breaks out again.
All eyes are on the spot ETF approvals.
The future edge could go to Ethereum.
Large institutions might want something that offers yield. They’ll likely favor Ethereum as it offers a staking yield along with a large enough DeFi ecosystem to allocate funds to.
I’m not thrilled with the price action lately with either of these assets.
My secret fear is that there might be another year of lackluster performance.
This “meh” environment favors pairs trading opportunities.
Keep an eye out for the Bitcoin to Ethereum ratio and look at historical turning points.
When Bitcoin outperforms swap some for Ethereum. When Ethereum outperforms swap some for Bitcoin.
You won’t make much right away but over the course of a few months (especially when the bull market returns) you’ll make a tidy sum!
Nachos for loyal readers that read all the way to the end and leave a nice tip!
Troll’s Granny: Buuut Panda aren’t you going to post exploitative pics of me today?
Panda: You already got the thumbnail and a reference, the spotlight can’t always be on you!
Troll’s Granny: HMPH!
Panda: It’s nothing personal. I need to switch things up to keep the blog fresh. Imagine if we only did missionary every day. Think about how boring things would be.
Troll’s Granny: Well when you put it like that, why don’t we do reverse cowgirl and ride off into the sunset!
Publsh0x Troll: AAAGH, this is no way to end a blog post.
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!