Bitcoin Forum

etherium bitcoin prices rally as markets target $140 billion, https://www.cryptocoinsnews.com/ethereum-bitcoin-prices-rally-as-markets-target-140-billion/

unfortunately as of now bitcoin rising again in the market iam not worrying about china bitcoin banned, i believe this price target reach of the bitcoin

what do you think guys.

I agree that this is a good rebound and again this contributes to the resilience of the crypto-market. Investor confidence is important in nascent technology markets and products (just think the volatility of early days NASDAQ in the 90s) and investor confidence in such early days makes or breaks the market. This can be paralleled in the crypto markets where there are wild and unpredictable swings in response to the slightest news. This will only stabilize once bitcoin gains wider acceptance and the technology matures, rather than a function of market cap, so I do see investor confidence playing a LARGE role in crypto markets at present, while allowing it to survive long enough to deliver mainstream value.

Hence such resilience displayed is very encouraging.

Stop worrying about China, Bitcoin is getting famous everyday. Everyday new people, new nationality learns how to crypto. Someday Bitcoin would be traded internationally. No more bans, no more restrictions. Lets hope for the best.

I am only worried about the delivery of bitcoin, I hope the bitcoin delivery can be done very quickly, if bitcoin can not overcome this, maybe bitcoin will be difficult to be a means of payment.
But unlike Myther wallet, delivery is very fast there, maybe ETH will beat bitcoin

Crypto currency is becomming an asset class in itself. At this point fund managers will have to invest and then the sky really is the limit...

THIS!
There's so many delayed payments on bitcoin, even with high fees
The reason why ETH is counted as a good crypto is there's no high fees like BTC
And I'm sure ETH will sky-rocketing someday

I have to agree with this. Even if bitcoin's price gets to 5k or 10k if the payment is delayed people will lose interest on it. It will be something like the traditional banks did. The pay is higher but the service is not fast. That is one of the reasons why people wanted to use bitcoin. It is for simpler and faster transaction. No need to go to the bank, get in the long line of people. Sign documents and stuff that will make the process of obtaining your hard earned money long. On the other hand ETH seems to be more promising however, in my opinion it still wont be able to beat bitcoin. As bitcoin is the first and globally bitcoin is more known than ETH, still we cannot remove the possibility that it may soon take over bitcoin but that will still depend on many factors such as the dev, market, popularity etc.. There is no need to fear china's move on banning BTC or any other currency. bitcoin is global, so there is nothing to worry about, china is just a part of the globe although a big market of bitcoin belongs to them still there are other markets aside from them. We can always tap to that market and who knows maybe chinese investor will go to other market and invest there so bitcoin is still at play here.

Ethereum does have some advantages over bitcoin, including faster transaction times and lower fees.  It is entirely possible now that bitcoin is having troubles with those two things that other cryptos like ethereum will significantly increase their crypto market share.

Bitcoin soon will reach 5000$ already holding huge market cap compare to all crypto currency still bticoin will be the winner . Ethreum can only compete with bit or Bytes not full bitcoin .

As you all know that Etherium and bitcoin are the most traded cryptocurrency in the world. And even after Chinese ban on bitcoin, It could not create any kind of pressure on Bitcoin as it ruled by Global demand and supply. Then you can expect that the bitcoin and Etherium price can rock in future, where the participation will be increasing day by day. Yes i am expecting more than that, but it will take some time for the bitcoin to gain that level of value in it so that price will move according to that. Price also move up if the trading product has good value in it .

impressive! the china news was disruptive for the price, but what is really impressive is the reaction of bitcoiners that sold very quickly.
see this as an experiment: next time another fake news "bigger" then this and price will drop more and more...
nowadays price is again in a "positive trend" but until end of month I don't think is a good idea buy big amount of btc.

The ethereum price rose just 2% on Tuesday, but this was sufficient to place it within striking distance of $300. The ethereum price made a run at this checkpoint early Tuesday morning but was unable to break past $296 before the market dipped. At present, ethereum is trading at a global average of $287, which translates into a $27.2 billion market cap.