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Chris Burniske @cburniske
, 3 tweets, 2 min read Read on Twitter
Once #bitcoin finds bottom quality cryptonetworks will find bottom relative to it, as #crypto currently lives in world of relative valuations.
$ETH the main wild-card here. While I expect it to find bottom relative to $BTC (coinciding with its own supports, likely mid double digits), if it doesn't then it will have knock-on effects given it serves as the unit of account of the #Ethereum ecosystem & its many ERC-20s.
Regardless of how one feels about the merits of #Ethereum, one must also acknowledge the size of the network & its ability to influence sentiment (which inevitably feeds back on $BTC).
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