mkrivobarski

ETH: Or the story of how BTC ate the whole pie

Corto
KRAKEN:ETHUSD   Ethereum
Not much analysis.

Basically as crypto currencies is a rather closed market still - meaning fresh money comes slow and barrier of entry for large cash is high - big movements in the dominant currency come in 3 forms - free FIAT not yet invested, small time alt coins (all the ERC20 tokens for examples), other major currencies (ETH, DASH and so on). So:

BTC first came for the free cash and we did nothing.
They it came for the small alt coins and we did nothing.
Then it came for us and there was no one left to do anything.

:)

P.S. unfortunately there is no humour section to post this in.
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