ETH versus BTC drawdown performance

٥ سبتمبر ٢٠٢٠

ETHUSD is off its recent high by -26%... BTCUSD is off the same time by only -14%... I must confess I am being taught a lesson in patience when it comes to expressing my theory about ETH vs. BTC performance. I had already begun reallocating before these movement and it is unpleasant to be facing the increased relative drawdown. The lesson here is that the inordinate gains of ETH may be less a matter of actual performance and more about general volatility of the instrument compared to BTC :(