Time to take time to give

Welcome to #Ethereum season.

Google is in trouble. I got early 'Alpha' access to GPT-4 with browsing and ran some tests. Here are 8 crazy things I found:

Interesting to see how it all resolves. Bitcoin is currently difficult to use for its intended purpose, including lightning transactions. El Salvador and Nigeria struggle - btc is popular their and can't be used for real payments now.

5. As a result, the network is extremely clogged, fees skyrocketed - for the first time in Bitcoin's history fees are higher than the native reward for mining a block

Why is Bitcoin down? 1. In November 2021 (Taproot upgrade), scripts became more flexible 2. In January this year, a dev launched a mechanism for issuing NFTs on Bitcoin using ordinals - the ability to add unique data to each mined Satoshi. This became possible thanks to Taproot

FUD is temporary. Truth last.

After $ETH 2.0 deposits unlock settled for March both $BTC and $ETH are likely to be a good buy in the second half of 2023. I hope #mtgox payouts will settle before the next #Bitcoin halvening so it will have a strong bull phase again.

$BTC performance against $ETH should improve for a while, until additional spot supply hits the market.

Without #FTX dumping clients $BTC the market would be so much better.

#Ethereum spot demand on the highest levels since months. The price will catch up.

$ETH is a good place to ride out BTC #mtgox payouts. Then $BTC time to shine will come around the next halvening.

$ETH is in the bull market.

$ETH doesn’t have this limitation after switching to PoS. It means that price pressure of new coins at $10k ETH is roughly the same as at current prices. This fundamental difference makes #Ethereum HODLing superior to BTC in coming months until ETH 2.0 deposits unlock.

As #mtgox payouts are approaching and you are still HODLing / buying crypto during this bear market, converting $BTC to $ETH is a simple +EV move.

The dump shouldn’t last for too long due to limited FTX supply.

As soon as FTX sells their bags the market will bounce so MMs who is absorbing now can sell to broad public.

What’s going on with the market? 1. FTX sells their bags to close liquidity gap. They want to do it urgently that’s why so high selling pressure 2. People panic selling during market carnage ETH is hurt more due to FTX heavy involvement in DEFI activities SOL is home project

@asaprekt Yes, at least until mtgox payouts where I expect peak BTC selling pressure.

@takegive_top You’re going to allocate more to ETH than BTC? Idk it seems so unusual to me because of the past few cycles

During the last 7 days ~$140m worth of $BTC was mined. At the same time ~$70m worth of $ETH was staked (while ~$10m net rewarded). #HODL accordingly.