Eth is outperforming.

Over the last 5 years, ETH has outperformed clearly, consistently, and dramatically.

This chart shows ETH’s outperformance over all other cryptocurrencies, excluding bitcoin and the top 3 stablecoins:

This graph is actually biased against ETH, because it shows the total market cap, not real performance. That means it doesn’t account for the inflation of other cryptocurrencies, and includes new token launches that an average investor wouldn’t gain from. It also includes the growth in market cap of other stablecoins that aren’t in the top 3; another thing investors wouldn’t profit from. So, in reality this trend is steeper.

Not only that, but ETH has outperformed in both bull markets and bear markets. It’s also outperformed relative to bitcoin, which is a more cyclical outperformance, but just as clear.

So why aren’t you buying ETH?

I’ve heard a lot of people say things like ‘ETH is bad, therefore it will underperform’.

This argument relies on two assumptions:

1. You’re accurately assessing how bad ETH is. From my experience, I’ve found that very few people fully understand Ethereum. Most people aren’t aware of basic parts of the roadmap like proto-danksharding or the verge, most are still unaware of the rollup-centric roadmap (4 years later) and simply say something like ‘ETH has high gas fees’. Even myself, I struggle to keep up with understanding Ethereum. It is incredibly complex, and I wouldn’t dismiss it without at least 100+ hours of study. Its outperformance would suggest it’s clearly doing something right.

2. Being bad means it will underperform. This is perhaps the easiest to prove wrong; it’s clearly outperformed consistently, over many years. Even if you’re convinced ethereum is bad, it’s clear that doesn’t matter. Markets don’t reward good things; value usually accrues to the biggest protocol, not the best.

Here’s a few other objections for why you’re not buying ethereum:

‘Ethereum is too big, smaller coins gain more’

On average, smaller coins don’t gain more over the long term.

This is only true over the short term in a bull market, where smaller coins are simply more volatile, and can also lose more, quicker, and on average do lose more.

‘Ethereum is done growing! The real gains are elsewhere’

The industry is growing at an insane pace. Over the next decades, it will probably grow to 100x the size it is now. In what world is ethereum done growing?

Many indicators show we are in the very early stages of web3. ETH has most of its growth ahead of it.

‘I just want to gamble on a quick moonshot’

Fine, best of luck.

‘I’m not investing for the long-term, I have a 1 year timeframe’

Fine, go for it.

But also, why???? We’re witnessing one of the great technological revolutions of our lifetime. All you have to do is buy and hold, with a bit of patience.

‘There are better opportunities than ETH’

Yes, there are. But when ETH is outperforming so clearly, you have to recognise a truth: most people fail to outperform ETH. You’d probably like to think you’re not ‘most people’, but then everyone thinks that. Have a little humility, before the market humbles you.

Eth is outperforming.

Over the last 5 years, ETH has outperformed clearly, consistently, and dramatically.

This chart shows ETH’s outperformance over all other cryptocurrencies, excluding bitcoin and the top 3 stablecoins:

This graph is actually biased against ETH, because it shows the total market cap, not real performance. That means it doesn’t account for the inflation of other cryptocurrencies, and includes new token launches that an average investor wouldn’t gain from. It also includes the growth in market cap of other stablecoins that aren’t in the top 3; another thing investors wouldn’t profit from. So, in reality this trend is steeper.

Not only that, but ETH has outperformed in both bull markets and bear markets. It’s also outperformed relative to bitcoin, which is a more cyclical outperformance, but just as clear.

So why aren’t you buying ETH?

I’ve heard a lot of people say things like ‘ETH is bad, therefore it will underperform’.

This argument relies on two assumptions:

1. You’re accurately assessing how bad ETH is. From my experience, I’ve found that very few people fully understand Ethereum. Most people aren’t aware of basic parts of the roadmap like proto-danksharding or the verge, most are still unaware of the rollup-centric roadmap (4 years later) and simply say something like ‘ETH has high gas fees’. Even myself, I struggle to keep up with understanding Ethereum. It is incredibly complex, and I wouldn’t dismiss it without at least 100+ hours of study. Its outperformance would suggest it’s clearly doing something right.

2. Being bad means it will underperform. This is perhaps the easiest to prove wrong; it’s clearly outperformed consistently, over many years. Even if you’re convinced ethereum is bad, it’s clear that doesn’t matter. Markets don’t reward good things; value usually accrues to the biggest protocol, not the best.

Here’s a few other objections for why you’re not buying ethereum:

‘Ethereum is too big, smaller coins gain more’

On average, smaller coins don’t gain more over the long term.

This is only true over the short term in a bull market, where smaller coins are simply more volatile, and can also lose more, quicker, and on average do lose more.

‘Ethereum is done growing! The real gains are elsewhere’

The industry is growing at an insane pace. Over the next decades, it will probably grow to 100x the size it is now. In what world is ethereum done growing?

Many indicators show we are in the very early stages of web3. ETH has most of its growth ahead of it.

‘I just want to gamble on a quick moonshot’

Fine, best of luck.

‘I’m not investing for the long-term, I have a 1 year timeframe’

Fine, go for it.

But also, why???? We’re witnessing one of the great technological revolutions of our lifetime. All you have to do is buy and hold, with a bit of patience.

‘There are better opportunities than ETH’

Yes, there are. But when ETH is outperforming so clearly, you have to recognise a truth: most people fail to outperform ETH. You’d probably like to think you’re not ‘most people’, but then everyone thinks that. Have a little humility, before the market humbles you.