Selling All BTC for ETH this Bull Run

[kungi]

I have heard that some high net worth individuals are unloading all their BTC for ETH.

Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.

However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.

Do you think its a good idea to hold more ETH than BTC rn?

[tabas]

Depends on your thoughts and belief for the both crypto. You hold it at the same time and you'll no longer asking this question. But what I do is to hold both of it and I keep BTC foremost.
I don't intend to sacrifice my bitcoin holdings to buy ETH but instead, I'll take some of my cash and use it for buying it.

[chaser15]

Do you think its a good idea to hold more ETH than BTC rn?

We have our own way to think about the best and suitable approach in a given situation either holding more ETH than BTC or other altcoins.

Try to think of the best strategy out from your gathered information although take caution as there are no accurate sources where we can verify what you gathered. It's more of speculation to me.

[TravelMug]

I don't think that you can get a wrong or right answer here.

It's really up to you, if you think that Ethereum can out perform bitcoin in the long run then go for it. Hard to give financial advise as everyone is really different in terms of managing their assets. But personally, I would stick with bitcoin though, that's just me.

[sayaya17]

Ethereum has always followed bitcoin where it goes, but it certainly isn’t always so. If that’s true that ETH outperforms BTC then switching ownership of bitcoin to ethereum at the moment is a decision you’re already responsible for. If you look at ethereum which is very bullish at the moment, it might be appropriate if you switch it as it is now because it is being corrected, where bitcoin is also currently in decline to $30k. Or you can wait until the price of ethereum continues to correct. All your decisions are decisive.

[Ultegra134]

I have heard that some high net worth individuals are unloading all their BTC for ETH.

Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.

However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.

Do you think its a good idea to hold more ETH than BTC rn?

I don't think it will outperform Bitcoin as a coin entity. However, I do believe that it is a decent opportunity to invest in. During the last week, its price rose to a significant degree, and I also believe that it will increase further more in the near future.
I wouldn't advise you to place your funds solely on one coin, you can always invest in both.

[pinggoki]

I've done this last December 2020 in which I've sell all of my holdings in bitcoin and convert almost 40% of my profit into ethereum and guess what, I am currently taking profit right now because when I've convert some of my profit into ethereum, ethereum price is not bullish but right now see what is happening to the ethereum. It breaks the new ATH and now continuously pumping so high. I suggest that don't sell all of your btc for eth, just sell what you can take risk so that you will not regret it in the future.

[josgandosbro]

Bitcoin prices is any time to up and down. This time bitcoin price is an increase. So this time you will easy to sell the bitcoin and got more profit. This is a good time for selling bitcoin. If need the bitcoin for the future purpose you hold and wait for the bitcoin price increase. Bitcoin is helping to future growth. Now ETH also increases the price. Both coins are the best coins.

[bitmover]

I have heard that some high net worth individuals are unloading all their BTC for ETH.

Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.

However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.

Do you think its a good idea to hold more ETH than BTC rn?

It is a terrible idea imo. I think you should move this to the gambling board.

Have you ever looked at Eth charts?
Take a look now. The orange line is the ETh/BTc ratio.





If you hold the same amount of BTC and eth since 2018 you would lose A LOT of money in ethereum.
Things may change now. I think we might be close to an altcoin season. But even if Ethereum can break  its downtrend (in ethxbtc ratio) it will be only temporaly, imo.

[Evilish]

I have heard that some high net worth individuals are unloading all their BTC for ETH.

Never base your decisions off of the decisions of "high net worth individuals". Do what feels right to you.

Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.

However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.

I am not much of a trader rather a holder but you seem to have a valid point if we consider past market patterns. How do we know the previous market cycles are going to be repeated though? It's all a mere speculation given how the crypto currency markets work.

The way I see it is, BTC hit 200%+ of its ATH this year and ETH barely crossed its previous ATH. If you're a long term holder, stick with BTC. Granted you will lose the short term ETH rallies but you will be better off in the long run. Depends on how play the market really. Are you much of a holder or a trader? If you are a trader then you can try to time things and hope you land on the right side. If you're a long term holder then BTC is a more sound choice seeing recent past.

Do you think its a good idea to hold more ETH than BTC rn?

Short term, maybe. Long term, no. BTC is always a safer bet.

[traderimage]

Why not just hedge your bet. Eth has already rocketed

[skpanchal]

Etherum is my personal favourite but I did not sell btc for ETH because I think soon btc will hit 50k and and of year it can cross 100k

[Lorence.xD]

I don't think that you can get a wrong or right answer here.

It's really up to you, if you think that Ethereum can out perform bitcoin in the long run then go for it. Hard to give financial advise as everyone is really different in terms of managing their assets. But personally, I would stick with bitcoin though, that's just me.

The problem with OP is that OP is sacrificing bitcoin for ethereum which is not a really good move as bitcoin is proven to come back higher than the last time which means that OP could be missing out of something big if OP were to forego hodling bitcoin in favor of ethereum. There was a reply about hodling both, I think that it is the best move but we have to consider the financial standing of many people, there are some that will not be able to afford to hodl on to both.

[kentrolla]

I know ETH is bullish and trending now when compared to BTC but for me king will always remain as king because it played a vital role this time and I believe you are aware that all alt coins are still dependent on BTC, yes I feel that's a good move if you proceed further by selling and moving all your earnings to ETH but be cautious as this idea will work only for short-term.

You can make use of opportunity for long-term again BTC is safe investment and high volatile as well, so plan accordingly.

[maxreish]

I have heard that some high net worth individuals are unloading all their BTC for ETH.

Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.

Well, the bitcoin's pull back is a great chance to do that. However, if you are sure eth will gonna bull run and your technical analysis shows btc/eth pair will give you a good profit, then why not?

Speculations that btc is extending the correction to $25k, if this pull back will continue and eth has done outperforming btc from the past.

Check this TA and chart of btc/eth pair:

https://www.tradingview.com/chart/ETHBTC/epdzxa7Y-eth-looking-good-on-btc/

[bitzizzix]

Bitcoin and Ethereum are the best coins of all and it would be better to have them both without having to exchange them, and I personally will prioritize bitcoin even though it is experiencing a decline and eventually other coins will also decline.
Bitcoin's decline is still normal and only a few are still in a good price position, and I think the decline in bitcoin is the right time to grow bitcoin in any way and hold it tight.

[ilhamsugihamin]

In my opinion, why not have both of them if like that there will be nothing to sacrifice, if I will buy it with my own money without first selling one of the coins and it all depends on your thinking too.

[rokon1234]

Now the price of Bitcoin is going up, that's why i think the price of Ethereum has also gone up, so i don't think it's right to hold Ethereum. Because the price of Bitcoin may go down in a few days,then the price of Ethereum will go down.So, i think you shouldn't hold any coins now.

[dansus021]

Depends on your thoughts and belief for the both crypto. You hold it at the same time and you'll no longer asking this question. But what I do is to hold both of it and I keep BTC foremost.
I don't intend to sacrifice my bitcoin holdings to buy ETH but instead, I'll take some of my cash and use it for buying it.

Total Agree
so keep your btc and use some from bitcoin profit to buy eth, and yes usually after bitcoin bull a year after Halving there's alt season with altcoin price pumped

[aysg76]

I have heard that some high net worth individuals are unloading all their BTC for ETH.

Reason Being is ETH tends to outperform BTC in Returns in Bull Runs for example in 2017 and 2020. And with ETH recently making a new ATH in USD feels very bullish and looks it may do the same on ETH/BTC pair.

However after the the run or when they feel the top is in they will return the Ethereum back into BTC and hodl.

Do you think its a good idea to hold more ETH than BTC rn?

They are two biggest crypto currencies by market capital but they are totally different as they were developed for different reasons and with different internal dynamics.
For a particular instance ,turning your btc to eth  can be a good idea ,as seen lately ETH touched its new ATH while BTC was surfacing in red. But ETH as a coin won't be able to overtake BTC . BTC is like a parent ,whose up and down do impact to it's children no matter what.