ETC

MakeItMine2024

Heavily manipulated like most cryptos. SOL’s problem is with any spike in usage their network crashes. Anything that is not Proof of work that is governed by a few is manipulated. I’d rather own ETC over ETH… my personal favorite that is used for a lot of transactions with real use is LTC but BTC will always be the Gold Standard

Distinct-Thanks-6477

Start off with BTC & ETH. That's always the best advice anyone can offer you. I spent a lot of time with that alone in my portfolio before i started diving into promising altcoins. Now i can confidently hold TON, ZRO, SUI, FET, PICA, ETC

coinfeeds-bot

tldr; André Dragosch from ETC Group predicts that cryptocurrencies are expected to rally towards the end of the year despite increasing signs of a looming recession. This perspective offers a potentially optimistic outlook for the crypto market amidst economic uncertainties. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Fit-of-Rage

^This. BTC ETF's allows accessibility & signals adoption. More liquidity. Etc... Its good for the major players (BTC, ETH, SOL, ETC...) But memecoins will still be memecoins.

CaptainDr

It’s crazy because the average person thinks everyone has moved on from Bitcoin, but yet the price has been stable around 62 for months because ETFs, money managers, governments ETC. are buying so much. I firmly believe all the biggest players right now are just trying to buy as much as they can as quickly as they can without setting off any supply shocks or bringing in too much attention. They want the price to stay as boring as possible so they can continue to buy for longer, but the amount of coins in circulation could drop off at any time. It’s a very exciting time to own bitcoin

mpanning

get a bag of ETC. stay away from ONE it’s a waste of an investment unless you want 5% APY on binance

piggleii

What is ETC?

JGdc12

I'm just getting into Crypto and I've starting building my portfolio. I'm leaning towards ETC, ONE, LUNA, FTT, WLD. Any crypto veterans out there willing to give me their thoughts?

SzaboSolutions

Many such cases too, I remember when I first got in I was doing the same thing, researching all these shitcoins, trying to time the market ETC. It wasn’t until I got on twitter and ended up reading the bitcoin standard the orange pill go to me, been buying bitcoin only at any price I can save since then. Best decision for me and my family as well

CaptainDr

what about the upfront for the land, machines, setup, maintenance, employees ETC.

coinfeeds-bot

tldr; Bitwise Asset Management has acquired ETC Group, a London-based digital asset manager, elevating Bitwise's assets under management (AUM) to over $4.5 billion. This acquisition allows Bitwise to expand its offerings in Europe, including Europe’s largest physical Bitcoin ETP, the ET32 Ethereum staking ETP, and the ESOL Solana physical ETP. The move is part of Bitwise's strategy to provide institutional-grade crypto investment products to European investors and reflects a broader industry trend of consolidation to enhance competitive positions. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

Demonyx12

XRP had an all-time high, Jan 04, 2018 (7 years ago), of $3.84 ADA had an all-time high, Sep 02, 2021 (3 years ago), of $3.10 LTC had an All-time high, May 09, 2021 (3 years ago), of $412.96 ETC had an all-time high, May 06, 2021 (3 years ago), of $176.16

Kumomax1911

Utility done right. It's up to you guys to DYOR and figure out which projects are doing this or moving in this direction: L1 Coins: Used as gas and burned with user activity. Capture transaction fees and MEV revenue through staking. Meme: None. A bet on attention Depin: Elastic supply that can be removed from circulation from the profits of the product being sold. Buyers generally buy their service in the issued token and a portion of this purchase value is sent back to holders in some way. Exchange tokens: Captures exchange fees of user trading. Fees distributed back to token holders/voters as USDC/SOL/ETH/ETC or token buybacks/burns. L2s: Capture a portion of gas fees and use that revenue to buy back token, burn it, or send it to token holders. Rent out tech stack or "chain as a service" and use that revenue to reward token holders. RWA: Should capture a portion of APY earned by asset holders, and sent back to the governance token holders. Governance token holders need to vote this in or they don't own much of value beyond votes. Research which RWA projects are signaling they want this. There are utility tokens and coins or tokens with utility (revenue capture or purpose). The difference between these two groups is just in the language. It's up to you to research each project and learn how that project can capture value back into the coin or token, and what the token is used for. Everything is different. Two examples: Solana: The most active L1. Transaction fees and MEV are then captured and sent back to stakers for sometimes over 9% APY with 3.5% inflation. It is also a coin that is needed as gas. You can't use Solana without buying SOL. This provides value and purpose. Jupiter: Popular swap and launchpad on Solana. New projects in Solana's ecosystem want to launch with Jupiter for exposer. They need to pay a percent of their total supply to the Jupiter protocol. These fees then get moved back to JUP holders that actively vote in new projects. Voters will also likely vote in proposals that will capture a percent of each trade made on Jupiter, and move this revenue back to token holders in the same way. Similar to want Uniswap is aiming for on Ethereum. Each JUP is worth 1 vote and a total percent of all revenue the protocol moves back to holders (EX: 100 JUP in existence. You hold 1. That means you are entitled to 1% of all revenue and 1% of the voting power.). If Jupiter continues growing as the dominant destination on Solana, revenue capture only increases and JUP holders own a percentage of that capture. This means each JUP becomes more valuable. Similar to how a stock operates with share holders. The reason why we don't have clear rules in the largest projects is because the second a community votes or signals they want their governance token to capture a protocols revenue the SEC comes down hard. Can't have that. It'll be interesting to see how this plays out. Either way, if you are buying for utility you need to make sure the utility exists or that you are making a bet that it will exist by the community voting it in.

deftware

Where there's a will there's a way. It's called buy low, sell high. That's how you climb the ladder faster. It's not something I've participated in, as once we got into our collection of BTC/ETC we just hodled and have been able to sit back and watch that ~$2k investment, that went into mining and buying coin, grow 20-fold over the years. We plan on it growing more over the next 10-20 years while we go about our lives and our business ventures and whatnot.

Fedor_L

Hi! I know it's crypto group, but, try to check New York stock market, like s&p500, the growing maybe is not that high like in crypto, but less risky. But, if we talk only about crypto, I will recommend ETH or TON, but before you get in to it, I also recommend you to learn by yourself why ETC and TON may be good. Good luck!

iamsoldats

GPU-minable L1s. GPU mining always comes back in the bull. This time, ETH won’t be taking most of the hash which means that several dozen projects will be vying for the market share. In 2021, GPU-minables accounted for over $500B in mcap. There is no reason to believe that the next bull will be any less. So fill up your bags of ETC, Flux, ERG, RVN, Conflux, DNX, Neoxa, MEWC, Clore, VTC, Nexa, and any of the other top projects on Whattomine. Avoid anything with ASICs. Chances are good that nearly every single one of these projects are going to see huge gains in the bull.

kirtash93

Where is ETC now too? xD

P0ETAYT0E

Something something ETC 8k and BTC 100k EOY right? 🤡

fischer07

Has anyone tried doing a rebalancing strategy with cash... So like, for example, you keep 75% btc and 25% cash. Then when either a big enough change in price happens, let's say a 10% change in price, you rebalance the portfolio to keep it at 75/25 by value. That way when price goes up, you sell some off and when price goes down you buy some more? Probably wouldn't do that with 100% of your stash but maybe keep like 25% of your btc in this kind of profit taking strategy... **NOTE... THIS DOES NOT APPLY TO DIE HARD HOLDERS. NO NEED TO PREACH ABOUT NEVER SELLING, NEVER TAKING PROFITS, ETC***

el_rico_pavo_real

I wouldn’t be surprised if there are whales (Institutional, national, individuals, ETC.) trying to hedge for lower entry. I’m probably wrong though.

pop-1988

Not BTC GPU prices soared initially because of not-SHA256 altcoin mining. Altcoin prices crashed, and only ETH mining was profitable for GPUs for a few years. Now ETH is proof-of-stake, so there's hardly any GPU mining. The lesser variant of ETH (ETC) is still GPU-mined GPU prices are no longer driven by crypto mining

Eric21506

GM, LFG, SEND IT, ETC ETC OMG Those who stay the course, win all.

GreenStretch

I like The Modern Investor's take. Including BCH and ETC in all the institutional arrangments suggests that some big money was in before the forks.

originalrocket

I am still in disbelief that ETC is being traded in ETFs. But I guess the power of the mighty dollar won out over what is a security and what is not. I will not let pride get in the way of making money. I'll buy in the ETF on the initial dip most likely. Same as I did BTC. up 49% so far on that strategy.

biba8163

If you had invested $10,000 in one of the top 10 coins in July 19 2017, 7 years ago you would have: - ~$298,000 if invested in BTC - ~$180,000 if invested in ETH - ~$34,000 if invested in XRP - ~$17,000 if invested in LTC - ~$15,000 if invested in ETC - ~$1,500 if invested in NEM - ~$1,700 if invested in DASH - ~$6,500 if invested in IOTA - ~$47,000 if invested in XMR - ~$128 if invested in STRAT https://coinmarketcap.com/historical/20170717/

Oheson

Hex, One, LTC, Algo, Loopring, CRO. ETC, LUNC, BCH, LUNA, and Tezos. The sub hates all those. Buy them all to inverse the sub and tell us how rich you get. Rub it in our faces.

Beechbone22

Nice bait lmao. Throw in ETC, ADA and BCH and people will flame your ass real good.

MakeLTUGreatAgain

What? Ethereum was ETC, once they rolled it back after DAO hack they made it ETH.

Mordan

ETC maybe but when a crypto is so small and there are 1000s of them... nobody cares about defending them in case of serious attacks. Anyone can attack ETC and nobody would care.

MakeLTUGreatAgain

Agreed. Never forget about ETC

spirestrike

who tf uses ETC lol

timidpterodactyl

ETC is good if you find it likely the ETH ETF can pump other ETH-related plays like L2s. Aside from that, it's pretty useless to research it and learn about their plans.

seb7mad

> The lower price compared to Ethereum makes it an attractive option for potential growth Really? When the fork happened, 1 ETC = 1 ETH. Now 1 ETC = 0.007 ETH, which means it has lost more than 99% of its value against ETH. The last year alone, ETC is -29% vs ETH. The price doesn’t matter, since most coins will never, ever reach the market cap of the big 2. ^and ^I’m ^leaving ^total ^supply ^off ^of ^the ^equation

OderWieOderWatJunge

Man, ETC? Don't read on websites or subs, it's full of people who are trying to sell their shitty coin. It has no future at all. And don't listen to this sub either. Just throw a dart and buy. You need to be really lucky. The end of your journey: You'll realize that it was stupid to chase alts and start investing in BTC

Abanikandy

Bro said ETC. Most of you guys are so cooked

Objective_Digit

> BCH was an attempted takeover of Bitcoin. FTFY You're right about ETC though.

philcsik

I would say, ETC is more secure than ETH. But I have no idea. I called myself on my phone this morning and gave this info.

Loose_Screw_

You're right in the sense that ETC advocates wouldn't consider it a hack, but merely the code working according to programming with all the consequences that entails.

philcsik

ETC has not been hacked. ETH is the fork from ETC. ahh and Etc has a capped fixed supply, Eth not

philcsik

I think the chance is much higher that POS ETH will fail than ETC. I know it is too big too fail and Etc is shit bla bla bla

hutulci

BCH rejected Segwit, but has received several upgrades nevertheless, some as recently as this year. So saying that it "decided not to evolve" is just incorrect. As for ETC, I have no idea what happened to it after the split but the split itself didn't occur over some controversial upgrade that they weren't onboard with. They refused to rewrite history, which is quite different.

Which-Illustrator-68

Do you know why ETC became ETC? It was the original coin and it got hacked so they copied everything over to ETH to fix the loophole. BCH was a fork to make transfers cheaper.

kirtash93

BCH, ETC and all the forks that decides not to evolve are a bad idea and time will prove me right.

kirtash93

I think the same about ETC (Ethereum Classic). If things evolve it is for a reason.

MagicMaker32

Stopped reading after a bit, but a few notes.... Kaspa has some uniqueness, namely its ghostsag protocol. It's a POW that aims to have smart contracts soon, which while not unique only a few others I know about (ETC and Ergo). Not sure what's decentralized other than it has a lot riding on its core contributors. Leo was created as an instrument to resolve a debt issue for the exchange that had some more utility tacked on to it. BCH seems a bit low, it's one of four cryptos traded on the exchange built for US institutional traders like banks and corporations along with BTC, ETH and LTC.

IknowLeeKnow976

Interesting picks! ETH definitely has potential, especially with the possibility of an ETH ETF. ETC's proof of work aspect could indeed attract more attention. As for ZEC, it's intriguing at its current price levels. On another note, have you looked into Pepe Unchained? It's a vibrant meme coin with a passionate community. Worth checking out amidst the altcoin buzz this year!

C-Dull

It’s widely considered a shitcoin but it’s consistently in the top 30, is on all major exchanges (including Robinhood), moves with ETH (it went up 20% or so when the ETH ETF was approved) and has a market cap that is usually around 1% that of ETH’s. I have some ETC, I definitely think it’ll do well but I remember it was one of the last coins to pump during alt season in 2021 when it went from $13 to $170. Not expecting it to hit old ATH’s but could easily 3x from here imo.

NineAsiansAtSubway

Also what do you folks think about investing in ETC?

PromptTimely

Compared to America Spain is MUCH safer... We have school shootings, mall shootings, Jails full, Cartel in America, Mass gangs...ETC

fan_of_hakiksexydays

They could make an ETF for any coin they want. But more than likely they are going to stick to just a few. It's a market that mostly follows Bitcoin's moves anyway. And they would only really pick things that have been around and proven to last for at least a few cycle. So go look at anything you see in the top 20 markets caps between 2016-2018, and are still at least in the top 50 market caps today. But haven't had major tech issues (sorry ETC), or major controversy (sorry BSV), or have had core aspects of their projects exposed (sorry BCH, Tron, EOS).

corn-potage

The protocol can't be a common enterprise. Node operators agree to changes by updating their clients, and are also free to reject updates. See ETC and ETHPoW.

Ok_Statement1359

Everyone who made their projects with crypto, tokens and automatizations. Read some, google it There are so many projects from Stacking, Games, AI, Metaverse, ETC. GOVS - China, S America , Some Arabic countries. Banks - JP Morgan was one of the first legacy banks to embrace crypto, releasing its own stablecoin in 2019. Other financial institutions, like Bank of America and Ally Bank, have begun allowing their customers to interact with crypto businesses.  For example, Goldman Sachs has already [unveiled GS DAP](https://developer.gs.com/discover/gs-dap), their native blockchain-based tokenization platform. 

fan_of_hakiksexydays

So the bot would have told us not to buy their two favorite coins: BTC and ETH. And it would instead buy Safemoon, HEX, ETC, Tron, the most hated coins. Then maybe a tiny bit of ADA, SOL, and other controversial coins that are both hot and cold at the same time on here. The whole "do the opposite of the sub" only works when a coin is shilled too hard here and is at the peak of hype. There's usually gonna be a corrction.

mrjune2040

'Digital silver' was the term coined by Charlie Lee as the tagline for Litecoin because 1/ it was an easily digestible soundbite for CNBC when crypto started getting coverage and 2/ because Charlie Lee wasn't exactly the brightest bulb in the room and didn't really have much to say beyond that tagline. So tbh it is and has always been a phrase devoid of any real meaning. Does the world need a digital silver? If it did Litecoin would be talked about way more—at best it's a quasi fallback/testnet for BTC but pretty mediocre as an SoV despite having almost identical mechanics. But what's absolutely certain is that no body is talking about ETC so that sure as shit ain't happening.

Muted_Cucumber_6937

Because ETC spelled backwards is CTE. Like, brain damage. That’s why.

Warren_Bluffed

Luckily, I only had some ETC and BCH worth USD 500.- on that DeFi-platform. After the liquidation process I got some back in BTC. With the current appreciation it nearly made up the loss. I had some on NEXO, too but I don't trust DeFi anymore.

CointestMod

#Ethereum Classic Pro-Arguments Below is a Ethereum Classic pro-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > # > > # Pros of Ethereum Classic (ETC) > > **1. It uses PoW** > > With ETC sticking to Proof of Work (PoW) since the beginning, it is no wonder that it has been one of the top coins to mine for many years, most especially for miners with less than 4GB of VRAM. > > To prevent more 51% attacks to happen, its developers have switched its mining algorithm from Ethash to Etchash. This removes the possibility of renting hash power. Its reputation is rock-solid among miners, and it is one contender for migrating ETH miners after the Merge. > > **2. It supports smart contracts and other Dapps** > > Just like its forked brother ETH, ETC supports smart contracts. This allows it to support the same kinds of Dapps as ETH, albeit on a smaller scale and with fewer fees (currently, before the merge at least), > > NFTs are available on ETC as well. For those wanting a secure, PoW platform to build their apps upon, ETC would be the perfect choice for them. > > ​ > > **In conclusion:** > > As the original Ethereum blockchain, users of ETC pride themselves as the “original Ethereum”. Their developers continue to support miners, and keep the network secure with updates. > > With many questions being asked before the inevitable ETH merge, it’s also no wonder why it’s a popular choice for miners, as it can be mined even on older GPUs. Combined with its ability to use smart contracts, it directly competes with its bigger brother ETH in every manner and emerges better in each. > > TLDR: ETC supports miners while doing everything ETH can do. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

CointestMod

#Ethereum Classic Con-Arguments Below is a Ethereum Classic con-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > **1. Ethereum Classic will stay on PoW, and no one knows what will happen to it after the Merge.** > > While this is good for miners, when the inevitable Merge finally happens, Ethereum's (ETH) miners would have to find new crypto to mine. And while there are many prospects, (such as RVN, ERGO, and FIRO) Ethereum Classic (ETC) is yet another possible option for them. After the merge, no one knows what might happen when miners switch over to these PoW cryptos. > > According to an article by messari.io, 97% of miner revenue comes from ETH alone. The current ETH network hash rate stands at almost 1 Ph/s, while ETC is 40x smaller, at a meager 23 Th/s. > > Of course, not all miners will choose to go to ETC, but migration of such size has never been seen before in the history of cryptocurrency. And its effects are also unknown. > > Since ETC is PoW, it is also susceptible to 51% attacks, which have happened several times in the past (such as the 3 attacks in Aug 2019). Protections have been put into place, but it still means waiting for long periods to get enough block confirmations for your transactions. > > **2. It has fewer future prospects than Ethereum** > > Even though ETC does support smart contracts, most apps use ETH instead as its ecosystem is definitively bigger than ETC. **ETH is just much more well-known among users as the 2nd biggest crypto**. > > **In conclusion:** > > Even though most know ETC as "**the original Ethereum**", its forked brother is simply more popular, more secure, and has better prospects. ETH will become a network using less energy too. ETH miners today may transition to ETC, **but its future remains cloudy.** > > **TLDR: Questionable future after ETH merge, fewer prospects than ETH.** ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

CointestMod

#Ethereum Classic Pro-Arguments Below is a Ethereum Classic pro-argument written by etj103007. > **What is Ethereum Classic?** > > Ethereum Classic is the original blockchain of the Ethereum network. After the 2016 DAO hack, users voted to hard fork the chain. The unaltered blockchain came to be known as Ethereum Classic (ETC), while the changed blockchain is now known as the much more popular Ethereum (ETH). > > Due to the users of ETC both using the unaltered blockchain and supporting an immutable blockchain, its users have adopted the slogan “Code is Law”. > > # > > # Pros of Ethereum Classic (ETC) > > **1. It uses PoW** > > With ETC sticking to Proof of Work (PoW) since the beginning, it is no wonder that it has been one of the top coins to mine for many years, most especially for miners with less than 4GB of VRAM. > > To prevent more 51% attacks to happen, its developers have switched its mining algorithm from Ethash to Etchash. This removes the possibility of renting hash power. Its reputation is rock-solid among miners, and it is one contender for migrating ETH miners after the Merge. > > **2. It supports smart contracts and other Dapps** > > Just like its forked brother ETH, ETC supports smart contracts. This allows it to support the same kinds of Dapps as ETH, albeit on a smaller scale and with fewer fees (currently, before the merge at least), > > NFTs are available on ETC as well. For those wanting a secure, PoW platform to build their apps upon, ETC would be the perfect choice for them. > > ​ > > **In conclusion:** > > As the original Ethereum blockchain, users of ETC pride themselves as the “original Ethereum”. Their developers continue to support miners, and keep the network secure with updates. > > With many questions being asked before the inevitable ETH merge, it’s also no wonder why it’s a popular choice for miners, as it can be mined even on older GPUs. Combined with its ability to use smart contracts, it directly competes with its bigger brother ETH in every manner and emerges better in each. > > TLDR: ETC supports miners while doing everything ETH can do. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_ethereum_classic) to find submissions for other topics.

FunWithSkooma

Bitcoins ETFs are a mistake sorry, I think people should instead of buying ETC, just go learn how to make a wallet and buy p2p

jcpham

Depends on depth. Stack your money where everyone else is stacking it in the order book tends to create velocity towards that particular wall, whichever side of the spread it’s on. Take a shallow pair with low volume let’s say BTC/ETC and I bring 100BTC to the order book and it only does 10/BTC volume my 100BTC is going to wreck the bud/ask spread. This wasn’t financial advice

Independent_Read2676

The world governments will attempt to create hard times and force us to sell our Coins to them. BTC will be held and lent just like the american dollar is now. HOLD and the curve is PARABOLIC. 2050 BTC Target??? Currently world Goals Timer set to 2050. Net 0 carbon emissions in that time (USA). 2025 --> 2050 is a mass investment market, into USA infrastructure ETC. Diesel transition to fuel agnostic Natural Gas is already UNDERWAY. BRICS shall be the gas powered work horse/ dumping ground of the next 25 years..... (See Cummins, Volve NG Line 2024+) (Inflation Reduction Act)

FieserKiller

My 1st level emergency fund are \~ €10k on my checking accounts, second level are a few bitcoin ETC shares which can I can sell for euros to my bank account within minutes.

philcsik

I would prefer ETC a 1000 times over ETH.

iamsoldats

RVN, Flux, Ergo, Neoxa, Meowcoin, Dynex, ETC, conflux…

Oheson

ADA, Algo, LTC, LRC, ETC, BCH, CRO. Buy them. Show us. I dare you.

pacman_d

I think you make some valid points but I would not try to compare BTC to a stock, but more like a commodity like gold. Considering that gold adoption too is often subject to speculation around how much a given FIAT may devalue, or a war. What is gold really worth to anyone outside of sentiment? One could say that it is a tangible in that you can wear it, but like BTC is simply a deflationary asset with limited supply that has value because it can’t be printed like fiat. Additionally, recent developments in the regulatory and political environments have paved the way for ETFs that will pump significantly more liquidity and institutional investment into the mix which may smooth out some of the volatility by offsetting whale maneuvers the way they do other assets these days. I mean, I am no expert honestly but I try to learn as much as I can and listen to folks that are a crap ton smarter than I am. That said, I have been investing in Crypto since 2015 and have won some and lost some, but I have never lost on my ETC and BTC holds. Now I learned much later the benefits of dollar cost averaging simply because I come from a working class family that really never taught us about being financially literate so my journey is ongoing, but now in my early 50s I am finally applying what I have picked up along the way and I think that BTC and some of the other top coins will definitely remain with me and then to my family when I go. Zooming out a bit, when you consider that many of the world bank consortiums are now looking at leveraging a common ledger to aid in modernizing cross border payments and near instant settlement, the future of block chain seems to be here to stay. Now BTC will most likely not be participating in any of these consortiums as a mechanism for settlement or cross boarder payments due to its cost and slowness, it does have its place in a diversified Crypto portfolio. So I guess I do somewhat agree that simply going all in on BTC alone makes one subject to a black swan event that could wipe them out at the wrong time, it seems to me that taking a similar investment approach to regular markets with a well considered diverse portfolio would be the way I am looking at it these days.

Kessaveli

There is some validity to their concerns though. ETC may be trash, but it’s from the old guard, and still had a place no matter how niche that place may be. 🤷🏾‍♂️

reversenotation

ETC is for a bunch of ding dongs

watch-nerd

How do ETC holders justify it now in the face of an ETH spot ETF? What keeps them from capitulating?

moemonies1

Man that makes sense. I sell the ETF without having BTC in hand. So whatever value i price ETF at is based on a future value of btc. So today BTC is 69k. ETF's value is based on cryptos value. So i offer the ETC investment vehicle to investors for 69k. Than BTC;s value increases to 72K when i finally do get the BTC from the miner as you say. So now i paid the miner 72k for this BTC that i have sold at 69K to the investor. Thank God am not an investor....

cipig

Using custodial crap is a bad idea. You are totally at the mercy of them. Normally this problem would have been solved in 10s... just import private key of ETC into ETH and that's it.

ElKaWeh

If one fiat currency collapses, there is always a new one that replaces it. Even if we have a Bitcoin standard, fiat currencies will always exist in one form or the other, because countries will always try to control the monetary system. Also, because Bitcoin is usually displayed with the USD price, people often seem to think the BTC price is somehow linked to the US Dollar. But you can value Bitcoin in anything you want, like every other asset. There’s a BTC/USD price, a BTC/EUR price a BTC/JPY price, a BTC/Gold price, a BTC/ETC price and so on. The value of one specific currency is literally irrelevant to the Value of Bitcoin, or to the Value of anything else in the world. The value of something is not linked to the value of something else.

philcsik

What about ETC?

King_O_Diamond

If you're already in ADA, you can use it via Indigo Protocol to get some exposure to BTC and ETC....I was pretty USD poor/ADA rich during Bitcoin's last slump but was still able to get some iBTC at low ADA prices...some nice 3x returns without having to set up a Bitcoin wallet

VisionLSX

I just buy BTC, ETC, LTC I don't tough other stuff with a stick. I did have CRO for a while for their card but yeah. No more

Shaglock

That’s the thing. With Big ETF bros like Black rock holding so much both in coin number and influence, what if they say something like, 21M coins limit is not feasible, miners need to get more rewards, and get the other ETF and Big Co like Saylor’s to switch to the new fork (they have capital to buy the new coins). Then now BTC become BTCC (Bitcoin classic), just like it happened with ETH and ETC, and you and I the small fries are left hold our now halved bags in one hand and our dicks in another

PhantomFuego1228

I think you meant ETH, not ETC. ETC would fit in nicely with the coins you're trying to move on from.

Wild_Airport_5632

“These seem pretty dead, so was wondering if itd be a good idea to sell and reinvest into other coins (BTC, ETC and some alts)” “What would you do, would you sell them and reinvest”? Dawg you asked what people would do I answered. I’d buy BTC & SOL.

RestoreGrandDuchyLTU

Premine, PoS, rollback which resulted to ETC and Ethereum Foundation doing an ICO is more than enough for me and any sane person (especially after PoS) to realise that it is a security.