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Gareth Soloway: “Ethereum Can Flip Bitcoin”
Bitcoin came off of labor-day weekend down 4%, trading for under $19,000 for the first time since early July. The surprise correction on September 6th took Bitcoin from $19,820 to $18,960 in less than two hours, and dropped down even further, as it now trades for $18,654.24. Historically, September hasn’t been too kind to Bitcoin. Bitcoin has closed its previous five months of September in losses. Bitcoin’s September woes aren’t the biggest news in the crypto space. Ethereum’s merge has many excited about its potential, as Ethereum’s energy consumption is predicted to be cut by 99.95% with the switch to proof-of-stake. In an interview with Paul Barron Network, trader Gareth Soloway shared his thoughts about what he sees coming with Bitcoin and Ethereum in the near future. In the long-term, Soloway believes in Bitcoin but short-term, he sees trouble ahead in September. In the contrast, Soloway believes that Ethereum can show a short-term rally if the transition to proof-of-stake is smooth and in the long-term, Ethereum flipping Bitcoin is not completely unrealistic. Everything depends on the merge.
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Watch the full unedited interview here ⬇ [Credits] 🙏
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🎥FOOTAGE licensed through VideoBlocks and Filmpac, except parts about the topic that have been used under fair use.
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Not decentralized, whats the poinf
Gareth is a great
the Flippening will never happen. $5500 BTC
Gareth Soloway's latest emergency words that 98% of people won't see coming "I wouldn't be surprised if I took a big dump after the merge and then liquidated in my shorts"
The eth merge is going to be weird.
Lots of people have assets locked up in eth who haven't been able to get out. That is going to be a bit of selling pressure for people who just want out of the system.
Also, most coins will bottom in value based on power costs to produce a coin. Each halving increases the price because it costs more to produce a coin. So the practical bottom for Btc is somewhere in the $12-16k range based on power costs.
For Eth, we simply don't know where the bottom will be based on pos. I think in a bull market there is a lot of upside for eth, but the down side without mining breaks the minimum price.
Actually mt gox won't be releasing btc all at once. AND it's not happening any time soon. He obviously hasn't looked into it much
thanks
Eth is a Shitcoin
The FED shouldn’t be allowed to do what it does – our forefathers new best back in 1913
every week he changes his views…
This guy is getting too much air time
Gareth has never been correct once… he predicted $12k btc and it never came close… i have no idea why people sit on the sidelines and listen to his nonsense
Gareth is a douche
eth forming cup and handle in weekly chart
I don't care. I hold minimal eth. Also, I don't care about BTC price. I don't trade.
I can’t believe everyone was fooled into transforming Ethereum’s POW into an unpegged centralized digital-version of the U.S. dollar (POS).
Gareth opinion is overvalued. if you know what is bitcoin, his opinion becomes irrelevant. traders only say what is best for them.
Buying more
You begin to sound desperate Mr Solloway 🙂
Soon you will be just another youtuber who got smashed by the crypto train 😉
I am buying more.. blackrock is promoting you to cause FUD.. you are im every first page of youtube.. you have big whales behind you man