Trader Mayne’s price predictions and why Bitcoin is an “antiquated technology”

On Monday afternoon, crypto Twitter influencer @tradermayne stopped at Benzinga’s “Moon or Bust” show to share his thoughts on the market, the lifestyle of crypto traders and the future of decentralized finance.

Mayne has over 188,000 followers on Twitter and has been actively trading Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Altcoins since 2013.

Mayne divided that its current bias is on the downside and notes that recent price action is not reflecting a typical bottom.

Regarding the Bitcoin vs. Ethereum conversation, Mayne had something to say from a trade and technological point of view.

When trading, “When it’s alt season Ethereum usually goes crazy and if you want to be in an altcoin you need to make sure it doesn’t [only] When you outperform Bitcoin, you want to make sure it outperforms Ethereum. “

Regarding the technology: “So I think the role of Ethereum will continue to grow. Like [Logan] said everything is built on it. Bitcoin is a kind of antiquated technology at this point. “

However, Mayne is still optimistic about the future of Bitcoin. “[Bitcoin] is the standard. It is the first. There is this scarcity built in that people will always want. “

On future holdings: “I am a huge Ethereum bull. I will definitely hold more Ethereum than Bitcoin in the next Bull Run. “

Mayne also gave us his opinion on EIP 1559: “I don’t expect Ethereum to suddenly jump 20% after this happened. I think there will be people who will try to play this game. For me, the safe bet from a trader’s point of view is to bet on the moving contracts … there will likely be volatility around this date (August 4th) so you don’t need to know if it’s going up or down. “

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