You had mentioned that Eth is the fuel for the Eth Network, which made it sound like it was another quality of Eth that made it distinct from other crypto. My question was inquiring what then fuels the BTC network? It sounds like each crypto fuels itself via the earning incentive for helping secure the networks.
Ah. Ok, so with BTC or LTC they serve one function, to move BTC or LTC from one account to the next. That's it. When you move your BTC/LTC/ETH from one account to the next, you pay a fee. That fee can be set by the platform you're using like Coinbase, but for wallets you control you can decide how much to pay for the transaction. The more you pay, the faster the transaction. So yes, in this way, fractions of BTC and LTC are used just like ETH to perform transactions. POW miners are paid to secure the network AND to process transactions. The transaction fee is the "fuel". For BTC it's satoshis or "sats", for ETH it's gwei. They're just fractions of BTC or ETH as a fee.
ethereumprice.org
looks like ADA isn't on coinbase?
Correct, it is not on coinbase.
With more and more ETH staked and large exchanges like Coinbase offering easy staking, I think we'll see price climbing steadily over the long run. Right now the waiting list for staking validators is a month long and that's before Coinbase hits the market with their 8.5M ETH. There's an ETH tsunami headed our way and nobody is paying attention because the spotlight is on BTC.
I won't go into detail since I've posted a bunch in here. There are currently two ETH chains, the original Ethereum chain that is currently being used, and the beacon chain which was launched in Dec 2020 and will evolve into the ETH2.0 chain. Once ETH2.0 is live the original chain will be migrated over and merged with the ETH2.0 chain.
Look at the last bull run and zoom in. All along the way up there were 30-40% dips yet the bull run continued. We haven't had a significant dip this bull run until now. I think it's away too early to call the bull run over. ETH is up 153% over the past three months still. BTC is up 162%. If support is found and things continue to climb in the next few weeks that confirms the bull run is still on. Also remember that stimulus checks will be going out soon and they will be larger this go around. I suspect plenty of $$$ will flow into crypto. As always time will tell.
I would be careful not to go too hard too fast. There may be more pain to come, which again, presents a better entry. This is why I am a huge fan of dollar cost averaging (DCA) and accumulation (HODL) for long term assets. If you're comfortable with the volitivity and can hang on long term, there's little risk in my opinion. If we look at the big institutions, this is exactly what they are doing. They DCA and accumulate and just continue to increase their holdings.
