Bitcoin Forum

I will call that now eth is going to take the number 1 spot.

there are simply to many EC20 coins coming out, and to much good dev behind it that is actually being implemented.

In tech the first market leader is usually replaced, in BTC is could be different becuase it could have adtted anything good, of even implemented the devd just little bit.

I feel that one if flips, people will be scratching their heads as to the residual use case for BTC, I mean why would it be better than LTC?

again as I oft say recently thank you BU+Segwit, than you.

I think this would be bad for crypto in general. If bitcoin doesn't remain a solid, steady leader, the whole market will look significantly less stable and people will be scared off... or at least large investors will. This will mean that the majority of crypto owners will remain speculative retail investors and the market will continue to be very volatile, which will prevent basically all crypto from being usable as a currency.

very possible. i would not class it as a bitcoin replacement though. the only thing it's replacing is the number one spot.

if bitcoin started to wilt and ethereum ate the world i'd switch to a strategy of maximum fiat extraction and nothing else.

What's the real significance though when there are 5-6x more eth in circulation than btc? That's what I don't get.

yes so they have to be that multiple cheaper each and still same market cap so if you look to volume of trade as well afew other metrics then you can say its taken over.

It seems inevitable that ETH is going to keep ascending, I think the ERC20 token is the fuel thats pushing it as well as leadership.

Once market can and volume achieved, then its down to use in trade and ubiquity.

Almost every where you can exchange btc you can exchange eth now.

That extra dimension of tokens has unfurled itself into a winrar.

plus actual dev being implemented

I know I am repeating myself, but apparently the segwit and bu crowd are not listening.


there will be a bit up up and down, between the two, then a clear winner will emerge.

I wonder how all the "ETH" scamcoin people feel now....

I feel they forgot to examine utility to the market and use case.

I wonder how BU will feel with a bundle of paperweights ... that said .... an asics life cycle is not long.

 

why you would be left behind, with your fiat as eth goes to the 1T.

It may take number one spot but still can not take the blockchain in the bitcoin transaction. It is really secured and that's why it is still whats makes the btc famous around business transactions. Ethereum also its own perks but i dont think it could change the blockchain on the way it helps any transaction. Both of them are amazing in there own ways and i think we should stop complaining on who would take the number spot instead just appreciate the help it tries to give for the community. They've got nothing to lose even if the members are speculating.

RSK offers a much better smart contract solution than Vitaliks version and they will eat a lot of market share from ETH.

ETH will never be number 1, nothing can compete with Bitcoins Blockchain.

ETH is already the more secure blockchain.
http://www.trustnodes.com/2017/05/21/ethereum-now-secure-public-blockchain-overtaking-bitcoin (http://www.trustnodes.com/2017/05/21/ethereum-now-secure-public-blockchain-overtaking-bitcoin)

Agreed, when the years pass providing path for more and more altcoins to rule the cryptocurrency network surely the competence in the development as well the other features will be increasing. The same won't cause a big change causing the ETH to rule the cryptocurrency network. Always bitcoin will be the one and only digital currency that stay number one and altcoins serve further.

even if it was does it have the market effect and place.

See BTC tech was way outdated versus other coins but the infrastructure around takes time to build, so no alt really stood much of chance.

Eth however has a lot of infrastructure around it now, eg most exchanges that does not offer ETH/BTC or ETH Pairs....


BTC just needed to show even a flicker of dev that could be implemented, but it could not even do this. So why continue with it said the market?

and this is with the DOA issue.

It is always good to see new developments coming in,but is it truly going to take the crown,lets say that we will be seeing more coins with ETH platform and one thing you must always remember is that one network flaw could bring the entire market down which could bring down billions if anything happens in the future. ;)

it is like a cult of BTC  , not even acknowledging that eth exists make me laugh. ETH could take over btc, whilst btc has been fannying around, eth has taken its market share and holding it.

 i think eth is being used as a hedge against bitcoin uncertainty. interesting this is the first major eth rise without btc rising as well.

the btc old guard have been calling eth a bubble for months, whilst eth has built massive foundations for its future.

BTC will always have a place, but maybe not as no.1

I fully agree with this.
I am actually afraid btc will loose its "gold" charm if it gets pushed out of top market cap. Bitcoins usecase is like gold tome, not like paper dollars.

from the article this sums it up for me as an advantage over btc even if things go wrong, and i am a new person to this world.

'However, it will all probably be heavily tested and if there are any problems eth has shown they can quickly make decisions and resolve any issues, so it would most probably be just temporary.'

Like hard fork whenever the rich creator and his friends need to safe their money?
Eth had 1 USP: "code is law". It turned out that's not true.
It went up 4000% in 6 months and 40000% in 18 months. What can go wrong?

Once again, let me mention the hard fork. Who cares about a 51% attack, if 1 guy can decide to undo transactions?

Bitcoin could easily remain the champ if the internal civil war was resolved with the miners

It just goes to show that good governance will win in the end

A blockchain with direction is the one that will win out in the long term, doesn't have to be 1 winner many winners can emerge

I also think so.
ETH is going crazy.
its growing consistently.
Most of the investor are putting their money in ETH.
ETH can go even further for issue like Bip 148.

A lot of the project based on the ethereum platform try to make a connection each other. That makes the community more solid.

More people are trying to buy ethereum as they can too.

Will the etehreum take the bitcoin's place in the future?
Just the matter of time.

We cannot say that eth has taken the crown for now since the bitcoin is still at the top spot but for the fact that it wS added on some forex platforms well maybe this one would get some nicer future when times goes by on it and eth has high potential also so theirs no job that maybe eth will take the crown as you said if theirs something bad will happen on bitcoins.

What is the problem, if ETH will have a bigger market cap than BTC?
There is no problem, except the problem in your head.

And if BTC will suffer under this trend, then BTC - the one and only, the wonderful enlightened coin which can do everything - should finally start and do its homework!

Let's all applaud Ethereum, which has a development team with its best interests at heart.
Unless Bitcoin scales tomorrow, nothing is stopping the flippening. And it won't scale tomorrow.

https://i.imgur.com/96TjKe9.png

Site: http://www.flippening.watch/

Markets can stay irrational longer than they can remain solvent.

ETH might surpass BTC. Until the ICO bubble pops.

Of course then it will be also the question if it will take BTC down with it. An altcoin as big as ETH collapsing might cause a panicsell all over crypto.

So after they both collapsed and the bear market is finished. Which one will emerge again? Time always tells which one is the best. ETH surpassing Bitcoin proves nothing for it is just a temporary snapshot of the crypto story. And I don't think that after the ICO bubble pops, there will be as much "startups" asking for funding through ETH again (its main use now). Who will want to be funded through something that has proven has collapsed before?

As soon as banks get bored of eth, they will replace it with something else. Bitcoin will keep its place forever. Bitcoin is here since 2009. Eth became famous in last month and it is going to lose its fame even faster than this.

Eth is a bank coin created for Banks. Bitcoin is against banks.

If you want to stay as a slave, go fund eth/jp morgan with your hard earned money.

An other milestone for Ethereum

I can't find much information about RSK. Is there an announcement thread in the forum? I fail to find it too. It is not on coinmarketcap means it is not available now, when will it?

perfectly said mate, bitcoin is there for almost 10 years now and the popularity already been build so eth is in his prime but after another coin got introduce people attention will be attracted and support new project and eth will be forgotten but bitcoin will still there and will still be use for more
crypto people.

i know i know you nailed it....there some sort cultish evry alt = scam coin and they can't wrap their mind around their being genuine use case for alts ... and that btc will stagnate and dwindle without dev implemented.

LTC activated segwit did the world end for LTC

LTC has effectively larger block aize even without segwit, 4x....going fine there mr core!

what more do u want?

I don't like ETH but Bitcoin has its own problems and if those problems dont get solved, eth or something else new will be the new bitcoin. sadly. People only care about the money, nobody gives a shit about its tech. Microsoft and JMP said "buy eth!" and everybody is buying like brainless zombies.

People can mine eth in their homes, they can make money easily. Why would anyone care for bitcoin?

I don't like eth but i understand people why they buy/mine it. It is easy, bitcoin isn't profitable anymore.

And the steam engine was there for so many years, nothing could replace that...
Oh yes!
You guys are funny and without a pint of imagination.

You don't get it. If bitcoin loses its position as the most trusted coin, it will a crypto circus. Nobody will take any crypto seriously again. People invest in bitcoin for long term gains. If they see that their online-gold can fail so easily once, nobody will make long term investments in any crypto ever again.

Everything will become a pump and dump freak show.

Lmao! Because why will people keeps glorifying a coin if it cannot address certain issues. I love bitcoin just like the steam engine but if someone comes along and presents something better then we gotta have to adopt.  

I'll laugh at you when your ethereums dropped to 9$ after a better version of ethereum gets introduced.

Yes, let's pump another coin to #1 every month.

Crypto will become a joke.

If you think ETH is threatening BTS as "the most trusted" then you don't know whats going on..

ETH is NOT immutible..
ETH is NOT decentralized..
ETH is NOT capped..
ETH is NOT secure (no matter how much hash it has)..

lolz..

BTC to $5k when ETH pops..

I know how shit eth is, but nobody seems to care. They all buy it anyway. I never invested in eth, never ever.

But there are facts, eth is about to surpass bitcoin. You can't ignore that.

Nothing can't beat BTC. ETH lean on BTC.

crypto isnt failing if btc is not number 1. Cryto fails if the protocol can be hacked

people wathing thier online gold "fail" had plenty of time to get out and make larger profits. Eg buy ETH.

Alts force you to diversify.

WADDAFUQ?!


This is straight from the eth faq.
72 million eth is premined. %78 of the total circulating supply. How the fuck people can still invest in this premined scam?

How the fuck coinmarketcap list ether  #2 coin while 78% of its supply is premined?

Don't believe me? See it yourself: https://www.ethereum.org/ether

ETH is SCAM!!

I do not like the inflation rate. BTC is now at 4% and will drop to 2% in 2020 and to 1% in 2024.
ETH has >16% inflation now and will reach 4% not before 2035 and 2% not before 2057.
Until 2027 it will inflate more than the dollar (~6%/year)!

The market might be forgiving in its early irrational phase (irrational like the tech market in the dotcom bubble)
But when the market cap of cryptos reaches trillions and growth gets slower investors will likely turn away from inflative coins like ETH during a market correction.
But even before inflative coins will probably underperform non inflative ones. Simply because price does not 100% reflect increase in market cap.

jp morgan left the r3, they moved to zcash FYI

Not going to happen. Period. BTC is another animal entirely.

ETH might take the place of BTC in market cap, but BTC is the basis of market confidence, it will never be replaced.

BTC does have one confidence....the protocol is hard to change

I think the current price of ETH is based off of hype.

BTC will always be the king.  :o

 :D :D :D :D :D :D :D :D :D :D

This joke takes the cake

I just think that this is a hype before conference it's just building a bubble at this time, look at the straight line that it went up by now. I don't say that ETH might not take 1st place in the market cap but just as it is for now I don't see it possible to be very soon.
People are now feeling FOMO and are just saying "shut up and take my money" , but again when ETH dumps it will start to correct and we might even see it in the first place but it will take like 6months for that I'd say. Mostly it depends on the BTC scaling issue, if it gets fixed it will be harder for ETH to go for number 1 place. People tend to go to ETH as there are a lot of happenings on it's blockchain and because of lower fees and fast confirmation times.

De market can be irrational for a very long time.

The thing is: most people don't care what coin they use, they just want profit! And profit is measured in dollars, real-estate, gold, Bitcoins, cars, or anything else with real value. Altcoins only started because people felt like they missed the train on Bitcoin, they want the "from zero to millionaire" train, over and over again! Hundreds of altcoins did that, and by the time they were all called shitcoins, "smart contracts" were (and are!) the next hype. Nobody needs smart contracts, so they make up a non-existing problem that could in theory be solved by a smart contract. But any smart contract they made, failed big time. Let's not forget The DAO!

I think a good indicator of how "real" any altcoin is, is whether or not people install a wallet for it. It's virtually impossible to install hundreds of different wallets, so many people keep their coins on an exchange.
Let's pick a random coin from coinmarketcap: E-Dinar Coin, worth $27M. I have never heard about it, haven't ever seen it either.
Just like any other altcoin, it has a flashy website telling you what they're good for, but the reality is: people only buy it because they hope it will be worth double the next week. Barely anybody cares about what coins really stand for, and that brings me back to your point that ETH is growing despite being shit.

Take Vitalik Buterin (https://bitcointalk.org/index.php?action=profile;u=7314) for example: he only used Bitcointalk to promote his fork-coin, and hasn't been here for a year now. But he is still spreading FUD-lies about Bitcoin on Twitter. He earned billions from his premine, and yet, he has zero trust score on this site.
He too joined too late to get rich from Bitcoin, so he created his own token. And so far he's doing a great job in getting people to invest in his tokens. Until it pops.

Bitcoin has some problems though. We all know the transaction cost problem, but it also lacks funding for a big development team. That might be improved with side chains, SegWit and Lightning Network, but the main problem is that miners take all the money while nodes get nothing.
Satoshi controls enough coins to fund a dev-team, but he disappeared years ago. Future development needs funding, if just a few percent of fees could be used for development, Bitcoin could grow so much.
Instead, miners get $6 million per day now, which they spend on hashrate and electricity. Millions of dollars per day flow out of the Bitcoin ecosystem, and it doesn't add anything to improve Bitcoin.

This..

there will always be a new contender that does things better. Best to move your money around if u wanna make da big bux.

I agree with everything you said above.

I also think nodes should get paid, otherwise why would anyone bother running one? Securing the network? For free? Why? Gtfo!

Miners spend their money on their own Dev team, it is called "bitcoin unlimited" which is going to give unlimited powers to miners. :D

http://www.rsk.co/

RSK is 2-way pegged to Bitcoin, therefore has no own token.

Will ETh remain sexy if majority of the ICO fail to prove their worthy?

yes you only need a very few to work, and out of a 100 or 1000 some will.

Put it this way has capital raising ever stopped?

I do not see any reason why Ethereum should pop soon?

It depends what the Bitcoin price does, if Bitcoin drops again then ETH will get pump again, ETH is alwasy the #1 to be pumped when bitcoins drops, and bitcoin always gets corrected after it raises, and then ETH gets pumped again, leaving it with a higher '' base''  price then before the pump, look at the ETH price chart and BTC price chart.

eth is becoming more scare because it is being locked up in ICO wallets who are just not going to cash out fast as they would have too much slippage, and its against their project goals.

Accordingly the more eth ico's the more is going to taken of the market, and supply will go down.

Demand side....well, this depends on how the ico's go....that's going to take another 2~3 years to become apparent.

Now it looks like the flippening might happen on the way down. I have a feeling that this will not be satisfactory to neither side.

it is clear that eth is being used as a hedge for btc instability. but it has over a billion value of tokens on it, plus other value, so won't disappear to nothing. I honestly think it will hit 600-700 usd this year. i don't own a lot but the new generation on coin fans like it.

The only function Eth service is eth-backed tokens. Each and everyone one of these tokens are ICO scams and shitcoins. Until real application takes place on Ethereum and it's baby tokens, it holds no leverage on Bitcoin. I've said it before and I'll continue to say it: Eth is the head of an altcoin bubble waiting to burst. It's all going to come crashing down w Bitcoin shooting up. Place your shorts while you can, I've got mine in.

I think the Segwit implementation remains to be seen. And Bitmain has caused another FUD on bitcoin so we will never really know if ETH has took the no. 1 from bitcoin. But we all know that ETH is been pumping but a lot of groups, maybe they have fully confident now on ETH, or the transaction fee is too much for casua; investors that why they are moving their funds to ETH now.

Now you see that ETH is still tied to bitcoin price health. Now when BTC got dumped hard you can see that it pull ETH down. It doesn't seem to me that ETH is going to take over bitcoin soon, at least not yet in the near future. Maybe it can later on but I am positive on bitcoin.... Now we can see that "flippening" is highly unlikley to happen as price of ETH  is not backed up by fiat at most.

the correlation is tied but also random, sometimes they match sometimes they don;t never count on it.