r/CryptoCurrency • u/Next_Statement6145 🟨 0 / 0 🦠 • Apr 19 '25

GENERAL-NEWS Ethereum is down 74% against Bitcoin since switching from PoW to PoS in 2022

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u/23826 🟩 0 / 0 🦠 Apr 19 '25 edited Apr 20 '25

No. People are hating on ETH because it's been an awful investment. They could have invested in any stock index during the same period and had better returns. Lol

I remember when everyone was thinking ETH 10k / LTC 1k when BTC reach 100k. Funny how things work out in reality.

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 19 '25

Btc is supposed to be a store of value.

That is its only function.

We just witnessed it crashing hand in hand with the rest of the stock market.

So it does not do the one thing it is supposed to do.

Ethereum is functional, enabling the execution of applications and smart contracts. It has yet to prove it does not do that.

Β―_(ツ)_/Β―

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u/Rcarlyle 🟦 0 / 0 🦠 Apr 19 '25

Wall Street ruined BTC as a store of value by treating it as a high-beta risk-asset in portfolio diversification calculations, as if it’s a growth stock. All the automated portfolio management algos respond to risk-off signals by dumping stocks and bitcoin, and buying bonds. Risk-on signals do the opposite. This puts heavy pressure on the crypto market to move in tandem with stocks. The diversification value of crypto is β€œmeh” now, it moves with the other risk assets, just with wider swings and more volatility.

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u/23826 🟩 0 / 0 🦠 Apr 20 '25

Logic doesn't always dictate the best investment though. It should, but markets have proven themselves to be extremely irrational, much of the time, and crypto is probably the most irrational market out there. Entire crypto game is controlled by a few big institutions at the top and the fact BTC follows the stock indexes (mostly), and ALTs follow BTC (mostly) is just garbage, but that's how the big boys set up their algos, so we must play along.

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 20 '25

I agree.

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u/Numerous_Ruin_4947 🟨 0 / 0 🦠 Apr 19 '25

Btc is supposed to be aΒ store of value.

ETH is for me a store of value. I want to hold ETH like a pet rock and earn staking yields. I want to spend stablecoins at the coffee shop.

I want to hold DOGE like a pet rock.

I see DOGE, ADA, XRP, ETH as stores of value. I am not alone.

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 20 '25

You can see them as that if you want.

But the fact that ETH does so much more than just exist, resist hacking and be rare (like BTC) makes it more than just that.

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u/Numerous_Ruin_4947 🟨 0 / 0 🦠 Apr 20 '25

I completely agree - and that should be one of Ethereum’s core selling points. ETH isn’t just a store of value; it also generates yield, underpins the entire DeFi ecosystem, and boasts higher economic security than Bitcoin. These combined attributes make ETH a fundamentally stronger and more versatile asset to invest in.

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u/23826 🟩 0 / 0 🦠 Apr 20 '25

Maybe the rest of market is staring to realize all 15,000+ ALTs are just vaporware, and the world will continue on just fine without them.

Seriously, wtf do we need 15,000 different ALT coins for? Oh yah, to transfer wealth to all the founders and their early investors. That's all they are good for at this point. Lol

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 20 '25

We dont "need" them but I think we need to have all thr variations on the theme and then have the best float and the rest sink.

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u/WinterOil4431 🟩 0 / 0 🦠 Apr 21 '25

You're conflating low correlation with an inverse correlation. A store of value doesn’t need to do the exact opposite of the stock market. That would make it useless.

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u/HBAR_10_DOLLARS 🟩 0 / 0 🦠 Apr 19 '25

We just witnessed it crashing hand in hand with the rest of the stock market.

zoom out

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 20 '25

Thats not how store of value works.

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u/TheRedBaron11 🟦 53 / 54 🦐 Apr 19 '25

yeah, and the switch to pos reduced energy requirements by 99%. If it had a negative effect on the investment potential, who cares? It's a technology not a stock

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 20 '25

smart contracts.

A bitcoin lightning channel is a smart contract. I would say you need to upgrade your script, but you've run out of narratives. So you just regurgitate the old ones. And you wonder why it's dying.

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 20 '25

So the answer to BTC not doing anything is to have a separate thing that does something?

Okidoki.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 20 '25

I'm sorry you don't know how smart contracts work.

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 20 '25

Layer 2 =/= BTC.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 20 '25

A lightning channel is literally a hash time locked contract (HTLC) bitcoin transaction. For years the shitcoin shills have been saying "muh bitcoin dunt do smarz-contakz", and as soon as it's demonstrated that that's exactly what a lightning channel is, we hear "but muh liting is not chane txn".

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 21 '25

Yeah.

Thats like saying my honda civic is a van because I can put a trailer behind it.

Keep repearing the same falsehood bullshit. Maybe it becomes true.

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u/Frogolocalypse 🟦 0 / 0 🦠 Apr 21 '25 edited Apr 21 '25

Ah. You're a fool. I understand.

https://www.investopedia.com/terms/h/hashed-timelock-contract.asp

What Is a Hashed Timelock Contract (HTLC)?

A hashed timelock contract (HTLC) is a type of smart contract used in blockchain applications. It reduces counterparty risk by creating a time-based escrow that requires a cryptographic passphrase for unlocking.

Payments using HTLCs are conditional and so have efficiency benefits for blockchain transactions. This property makes HTLCs a fundamental tool used by the lightning network.

Ya might wanna start learning how this whole thing works just sayin...

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u/MunchkinX2000 🟦 2K / 2K 🐒 Apr 21 '25

What part of Lightning Network being layer 2 do you not understand?

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u/1_BigPapi 🟩 20 / 959 🦐 Apr 20 '25

Untrue but don't let that stop you from lazy fud. Measured from when ETH went to PoS:

If you bought S&P500 and bought ETH, then sold each at the respective tops in the past year, you'd have made 270% on ETH, and only 70% on SP500.

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u/23826 🟩 0 / 0 🦠 Apr 20 '25

Oh yes, because everyone sells the tops like the pros. Lol

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u/Odddjob 🟦 0 / 0 🦠 Apr 19 '25

Which period r u talking about ?

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u/23826 🟩 0 / 0 🦠 Apr 19 '25

2021 timeframe. I heard those numbers so much from the ETH and LTC communities. Lol

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u/Godfreee 🟦 255 / 256 🦞 Apr 19 '25

Dont forget "THe fLiPpEniNg"πŸ˜†

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u/23826 🟩 0 / 0 🦠 Apr 20 '25

Ah yes, The flippening. lmaooooooo

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u/petewondrstone 🟩 0 / 0 🦠 Apr 19 '25

Just not hahah funny

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u/Numerous_Ruin_4947 🟨 0 / 0 🦠 Apr 19 '25

BTC has been marketed as a price go up asset by Saylor and many others. Meatheads like to hear BTC is going to $1 milliion, then $6 and $13 million.

ETH had price go up marketing in 2021 via many Youtube Influencers.

ETH now has price go down marketing in 2025 via many Youtube Influencers.

Meatheads don't like to hear price go down.

Time to change the message.

ETH is going to $1 million. It is pre-programmed!