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ETH vs BTC, everyone's talking about it. I guess it's that time of the macro cycle again...
This is the battle of the world's two most liquid publicly tradeable digital religions.
(Excludes USDT which is a conspiracy, not a religion)
THREAD
This is the battle of the world's two most liquid publicly tradeable digital religions.
(Excludes USDT which is a conspiracy, not a religion)
THREAD
Who's "in the money" the longest?
Realised Price shows what price the market paid for their coins.
Price above Realised Price line = market in profit.
-> Winner: BTC
Realised Price shows what price the market paid for their coins.
Price above Realised Price line = market in profit.
-> Winner: BTC
Who had the highest peak profit?
MVRV Ratio is the ratio of daily price to the price the market paid for the asset, thus shows how much profit the market is in.
-> Winner: ETH 6.2x (BTC made 4.4x)
MVRV Ratio is the ratio of daily price to the price the market paid for the asset, thus shows how much profit the market is in.
-> Winner: ETH 6.2x (BTC made 4.4x)
Who made money fastest?
MVRV says:
BTC 1x -> 4.4x in 13 months
ETH 1x -> 6.2x in 5 months
-> Winner: ETH
MVRV says:
BTC 1x -> 4.4x in 13 months
ETH 1x -> 6.2x in 5 months
-> Winner: ETH
Who weathered the losses better?
MVRV says:
BTC 0.71 (29% loss)
ETH 0.25 (75% loss)
-> Winner: BTC
MVRV says:
BTC 0.71 (29% loss)
ETH 0.25 (75% loss)
-> Winner: BTC
Risk Adjusted Returns over a 4 year hold period.
-> Winner: Tied.
See how short ETH's backtrace is? That shows just how new and untested it is, only 1 macro cycle of data so far.
Gold also shown (6000 yrs of backtrace, a supply inflation of 100% per 40 yrs, not digital).
-> Winner: Tied.
See how short ETH's backtrace is? That shows just how new and untested it is, only 1 macro cycle of data so far.
Gold also shown (6000 yrs of backtrace, a supply inflation of 100% per 40 yrs, not digital).
Data: @glassnode
Personal opinion from this data:
- BTC is a better multi-cycle HODL.
- ETH is a better mid-macro swing trade.
Personal opinion from this data:
- BTC is a better multi-cycle HODL.
- ETH is a better mid-macro swing trade.
I would like to thank @bradmillscan and @AriDavidPaul for this morning's ETH vs BTC investor battle. https://twitter.com/AriDavidPaul/status/1359591868594614272?s=20
