{"id":393765,"date":"2019-08-21T12:00:09","date_gmt":"2019-08-21T12:00:09","guid":{"rendered":"https:\/\/uniquehot.com\/?p=393765"},"modified":"2019-08-21T01:19:15","modified_gmt":"2019-08-21T01:19:15","slug":"ethereum-price-has-best-risk-reward-ratio-ever-crypto-venture-capitalist","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-price-has-best-risk-reward-ratio-ever-crypto-venture-capitalist\/","title":{"rendered":"Ethereum Price Has Best Risk-Reward Ratio Ever: Crypto Venture Capitalist"},"content":{"rendered":"
Ethereum<\/a> hasn’t done too well over the past year. Since peaking at $1,400 and nearly “flipping” Bitcoin, the cryptocurrency has embarked on a steep downtrend, shedding a large majority of its value as demand has tapered off.<\/p>\n In fact, one ETH is now valued at under 0.02 BTC \u2014 a level not seen since the pre-ICO<\/a> bubble levels, which is crazy to think about.<\/p>\n To make matters worth for Ethereum bulls, the community has been slammed by its critics \u2014 namely Bitcoiners \u2014 and competitors to the platform have been propped up, like EOS<\/a>, Cosmos, or Tron.<\/p>\n But, one cryptocurrency venture capitalist is arguing that should history repeat itself, now may be the optimal time to invest in ETH, no matter what sentiment is like.<\/p>\n Over this past weekend, tensions have flared between members of the Ethereum Twitter community and the broader Crypto Twitter.<\/p>\n The spats seem to stem from a presentation from Michael Goldstein, who had a bit of fun bashing “nocoiners” and “s**tcoiners” at a Bitcoin-centric conference on the weekend. In that presentation Goldstein, the President of the Satoshi Institute and a prominent industry commentator, explained how one could “meme Bitcoin to the moon”.<\/p>\n Goldstein issued his keynote somewhat in jest, but according to Youtuber “Crypto Bobby”, the founder of Proof of Talent<\/a>, it has “ruffled some feathers” across the industry, including those in the Ethereum space.<\/p>\n This perpetuates hate that Ethereum has been receiving for months now, as it remains down around 80% from its all-time high \u2014 both in U.S. Dollar terms and in BTC terms.<\/p>\n Indeed, many on Twitter, have pointed towards the crypto asset’s great underperformance as a sign of the death of the project, which used to be the crypto industry’s flavor of the month.<\/p>\n According to Chris Burniske, however, the pain may soon be over for Ethereum holders and believers. In a two-part Twitter thread posted on Tuesday, the Placeholder Venture partner, who famously coined the term “crypto assets”, gave his thoughts on the future of ETH.<\/p>\n Summing up the project’s current status in one sentence, Burniske wrote<\/a> that “Ethereum is enduring its first mainstream bear market, just as Bitcoin did in 2014\/15.<\/p>\n 1\/ $ETH<\/a> is enduring its 1st mainstream bear market, just as $BTC<\/a> did in 2014\/15. <\/p>\n In retrospect, 2014\/15 was the best risk\/reward period for investors to get BTC exposure.<\/p>\n — Chris Burniske (@cburniske) August 20, 2019<\/a><\/p><\/blockquote>\nRelated Reading: Veteran Investor: Demand For \u2018Psycho Crypto Currencies\u2019 Good For Gold Prices<\/a><\/h6>\n
Crypto Twitter Tensions Flare<\/strong><\/h2>\n
Related Reading: Crypto Analyst Expects 20% Ethereum Drop, Altcoin Capitulation in 2 Weeks<\/a><\/h6>\n
Ethereum Could Recover<\/strong><\/h2>\n
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