Bitcoin Forum

Read a little about history of NXT, while jumping ship to ETH as a store of value. Compare the following two graphs...

a. http://coinmarketcap.com/currencies/ethereum/#charts

b. http://coinmarketcap.com/currencies/nxt/#charts

Compare the following facts...

i. NXT was backed by a centralized organization, just like ETH.

ii. NXT was PoS, just like ETH will ultimately be.

iii. NXT offered asset exchange, while ETH offers smart contract. Both of these functionality, which they claim to make them unique, are actually possible on bitcoin blockchain, which is far more secure.

iv. With price rise, NXT backers sold their holding to increase liquidity in the market. With price rise, ETH backers are increasing ETH supply in the market to increase liquidity in the market.

p.s. Alt coin trading is a gambling. If u wanna test your luck on some coin under pump, its fine. But, make sure to come back to BTC, when u have made enough, otherwise u'll lose all and have to be a mute spectator while the next alt wave hits. GooD Luck ;)

Rarely does the contender with first-mover advantage maintain his/her leading position. Add that to the fact that core is killing bitcoin by failing to act in a timely manner to address the block size issue.

This is a competition and bitcoin is being left behind. For some reason, the community continues to allow its core developers to be bought and paid for, controlled like semi-puppets filled with conflicting intentions. If Satoshi were here you'd have 2MB blocks and no corporations co-opting core.

I think ETH is probably overbought at the moment and will pull back soon, but other coins are gaining strength and are strong and vital competitors. Unless bitcoin can address its current growing pains by shaking off the corporate puppet masters, expect its reign as king to enter the final chapter.

~~

i wonder if the btc mining cartel is now in the market trying to support bitcoin's price?

in the context of the upcoming halving they would be seriously concerned by a run on BTC.

if BTC is sub $300 immediately prior to  the halving then $150 will be relatively close to the break-even line.

is this black swan/ perfect storm scenario for bitcoin?

To your average crypto mong ETH looks far more reassuring than NXT ever did. That came out of nowhere with an anonymous dev off the back of a 21 BTC investment.

Having said that I'll be willing to bet an ether that the humongous majority of investors don't know what ETH is, where it's going and who or what's in charge. That's not pointing towards something sustainable.

also, if anyone is telling you its a great time to buy. they are doing this because they have already bought and want other people to buy so that they can sell..

in short if you are hearing about some great deal.. your already/nearly too late..

those that spot a great deal dont publicise it, because that creates competition which causes a price rise before the initial person has bought in.

so learn this hard lesson. if someone is telling you to buy somethin, why are they not afraid of the price rising, why are they shooting themselves in the foot, and reducing their own chances of buying more.

usually when you hear someone shout out a doomsday, that has no merit. dont blindly think you should jump off the ship because they say so. instead you should be buying more bitcoin while its cheap. because the fake doomsday is just a bit of temporary social drama

Well, in ETH's defense... they are trying to do something completely different than what bitcoin is still trying to become, which is a way to transact money on a public ledger.  So I don't really see how Bitcoin should feel "threatened" that people are moving their money towards this project.

On top of that there are other alt coins that do something completely different compared to Bitcoin as well, like the coins that include cryptonote in their code base.

So even though putting money into these kind of coins could be called "gambling" in a sense; there is no real correlation between these coins at all...  It's not like someone copied Bitcoins code and put some goofy/clever name on it to influence people to pump the shit out of it to earn a couple extra satoshi's... these altcoins actually are trying to solve something that Bitcoin can't.

watching this post to learn and gain more experience from professional market traders
Thanks for bring this UP i like both eth and BTC but as little as i know every thing is possible in a digital world who would know BTC will reach 700-400 usd in 2011

I will never switch from BTC anyway.
Everything else holds no value. Because the value is made by the people believing in it.
If almost everyone believes in a quick profit the coin is really really bad.
I and many others believe BTC can really make it into this world.
Not for quick appliances but it lends it self perfectly for a lot of online services.

I think there is the potential for a perfect storm scenario, however, I would not necessarily bet on it for right now. I highly doubt we're going to go sub $300, and I have a feeling it is going to be fairly consistent at the $400 range.

Etherum have big chance to raise and raise until $30 ?i just saw etherum on 0.02 price last day,and than i see it now,its been 0.03
massive price increse,and feel fool bcause i dont buy last day,its now have to late to buy some etherum?many people talk about this altcoin,interesting coins.

The bottom line is people are investing in ETH because of Bitcoin same as NXT.
In General, people are buying Altcoins because of BTC they are not buying because they can use it on something or somewhere.
At least this is what i have seen going on here and we are all doing the same trick. Lol

ETH made a big fuss in the banking sector, so I expect some related whales or traders go long and play, what they never d do with BTC, because of its history and latent attack against banks. They will in case it works fork & short, otherwise just short.

Same is for industry, MSFT guys.

And miners that need some minimum stake for the planned PoS.

Not forget all BTC dev frustrated that now vote with their feet, like a Hearn....

Ethereum does not bring in any functionality that can not be done on bitcoin blockchain. The whole smart contract concept, that ethereum claims to be its unique USP can be done on bitcoin blockchain using Rootstock. Details - https://medium.com/@CryptoIQ.ca/rootstock-smart-contracts-on-the-bitcoin-blockchain-e52b065421a8

No it can't. It isn't even sure what Rootstock will become (they are vague in ther whitepaper and we haven't seen anything/progression since last year). Smart contracts won't work if blocks are full or slowly confirmed. Too many flaws in BTC otherwise the Eth devs would've built on it.

Rootstock is just an application that claims to provide the functionality of Ethereum. Previously, CounterParty has also written the whole Ethereum codebase on bitcoin blockchain. It has been proven time and again, that neither Ethereum nor NXT offers anything unique. All is happening now is just a pump.

the fact that ETH rose to $11 is no reason for it to reach $30
i am not saying it is or it is not rising to $30 i just want to point out that you can not make this conclusion that it is going to rise to $30 because it rose to $11

In fact, it seems, the dump has started. It is -9.15 %, right now on CoinMarketCap - http://coinmarketcap.com/currencies/ethereum/#charts

It will go as low as 2 dollars. Believe me, dump your bag before it becomes worthless. ETH is dead. 0.03 and above is not possible anymore. Whales made heir profits, now they move on. Ether will never see above 10 dollars ever. Permanent loss for all who think it will go up again.

Well, if you want to compare NXT with ETH, then compare this:

NXT repo:
https://bitbucket.org/JeanLucPicard/nxt/overview
6,446 commits

ETH repos:
https://github.com/ethereum/cpp-ethereum
11,974 commits, 14 releases, 70 contributors.

https://github.com/ethereum/go-ethereum
6,984 commits, 80 releases, 63 contributors

And the above ETH stats are just for 2 of the many Ethereum projects.

Edit: I fixed the numbers, as I refered to the wrong repo.

Well said but I think most folks who post here are pikers.  The markets here are too small for any great deals to be had, even if you knew how to identify them as such.

Well, yesterday was the ethereum day and monero, today is factom, tomorrow will be some other currency and that's it...

I think only Bitcoin has a real value, because it's not an artificial movement, it's real acceptance, and what makes a currency worth something is acceptance and circulation... all the other thing will artificiallize the whole system, nothin' more.

edit: eth and xmr got their real value and it's growing naturally, but doubling the value, 50%-80% of increase in prices is not a "normal" thing... in my own view, first of all, it takes time, time and more time.

And when Bitcoin spiked to $1000+, was that normal? The fact of the matter is that while Bitcoin is the oldest and first crypto to become a major player in the financial world, doesn't mean that it's not still in its infancy. Bitcoin has the highest market cap just because it was the first... Doesn't mean that another digital currency can deem itself worthy to surpass Bitcoin due to better functionality.

Buying ETH now would be incredibly stupid. The risk of it falling far outweighs the possibility that it will double in price. There's a hell of a lot of difference between doubling 100m and 1b. It is totally obvious a crash is coming.

There isn't a lot of volume on sell orders in order to make it very difficult to double again.However, the majority of the trading being on polo is kinda fishy for sure but still i would have my doubts that it wont be much down even if it crashes to some lesser value.

I think the core drama is pissing off people day by day and the mentality to increase the "bitcoin number" is going to change at some point.

^^^

exactly

bitcoiners are getting severely schlonged by the inability of the millionaire founders to agree on the simplest things.  Its like watching our politicians fight for 3 months over raising the debt cieling before voting themselves salary raises that will require a debt cieling raise.  And frankly, the public is fed up with these uber wealthy bitcoin ivory tower types who fight like spoiled childeren.  It's not that they hate bitcoin, it's that they hate making Mr. Big Ego Nakamoto a billionaire, when Ether gas can be transferred and fast.

Ethereum at least has a team who is not only publicly known, but actively working together and recruiting new developers to build a more useful blockchain. One that does not require 20 minutes to get satisfaction.  The Ether team behaves responsibly like a company on Wall St who is trying to display transparency in their product development, where the bitcoin foundation resembles a cat fight.

Not to mention Ether has capabilities for gambling (prediction markets)

Believer talk. Ether was just like any other altcoin, meant to make btc for devs and whales. Just little more sophisticated. Promising revolutionary tech that will replace bitcoin and change the world. In reality whales just took money from noobs like thei always do  :)

If the ETH boys were truly serious about making it in the long term they would've built an anti bubble algorithm into the code base.

Not possible. Because, none of the coins 'know' its value. So, the coin network is always unaware of the bubble/burst.

It is possible, Bitcoin 'knows' how much value it requires to produce a new bitcoin, its just made in the way that this value is lost to competition.

How does it 'know'? Care to explain?

Seems you were correct. How did you make such a near-exact prediction?

this is a great topic, i totally agree. although i don't like to think of trading as a gamble because it is not just luck it can be predictable. for example the rise of ETH became clear at some point when everybody was getting hyped up just as the dump was so clear as the initial holders started unloading their holdings at top price.

Its impossible  right now to convert bitcoin into ethereum the price is going back again to high.. and i think i will stay on bitcoin because the price of bitcoin is very stable right now.. also the altcoin cbx and this is the month for release of their project..

It 'knows' its bottom limit, as its costs of production. The problem is that it is very inefficient (economically) as seen in Bitcoin.
The cost of production makes it unreasonable to sell below production prices, however because the costs need to be paid, miners can't wait forever and need to sell to stay in buisness. This weeds out the small miners that haven't got enough capital to survive the volatility and centralizes mining, but this is a side effect of a mechanism that is supposed to prevent big price dumps (the competition for the money supply that is generated inelastically). When mining is centralized price dumps can become another mechanism of creating a monopoly, if you have the best conditions (low costs and more capital) your best move is to drop profits to the minimum by tanking the price, so nobody except you can compete, and once you've destroyed the competition you just pump again.

No coin, let alone bitcoin, knows its cost of production. An individual node/miner is always unaware of it, because a bitcoin network can not independently determine any FIAT representation. Hence, built in anti bubble algorithm is a fallacy.

It doesn't represent fiat, but it somewhat expresses its electricity costs. PoW works as transport of value, it destroys X value in electricity and produces Y value in bitcoin, if by 'knowledge' we mean that information outside of the system is imported  into the system, then yes it has it, to some degree. Of course this is not predictive or very accurate knowledge. Bitcoin is a system designed to increase the hashpower behind the network, and consequently its value, the problem is when the users become separated from miners (pools and ASICs). If the initial Satoshi's assumption would have been correct, this would be the anti-bubble algo, just because the userbase would increase proportionally with network hashpower, yet this balance was soon destroyed by pools and ASICs. The anti-bubble algorithm (bubbles form because exchange value exceeds power of costs + artificial scarcity) of course can't know what exactly should the value be, because of the inherent speculative moment of artificial scarcity, yet it knows the costs and it can distribute them.

history tends to repeat.
ETH is going to run the course of NXT but likely retain x10 the amount of Capital.

What is more important is that Poloniex is the #1 exchange by volume today.
Reason ETH.

In time the core BTC/fiat exchanges will reclaim top volume ranks, but they have lost face, and BTC has fallen.
ETH challenged BTC and won.  BTC is now destined for a long slow fall from grace.  The BTC maximialist have lost.

You are looking at a future world where 4-5 coins fight for top daily volume, there will be a hot / cold market cycle from one to the next.

Yes ETH is a bubble.  But it is on the stage and not going away.  

If you want to become a Nxt Core developer just join the forum an speak out loud https://nxtforum.org/core-development/

meanwhile, if you want to check all the new Nxt features, take a look at this lite wallet client:

 https://www.youtube.com/watch?v=eAh7kFcHTHk&index=6&list=PLrOqCck6qd3aD39swhdYBPW8bRGrP4Mjs

all ipo/ico coins will fail.mark my words.

so NXT, BTS, ETH, LISK, iota, MAID etc ...
the MAN has spoke

Seems true. Ether wont most likely go over $20 before 2020.

I just recognized another similarity of ETH with NXT...

NXT offered Decentralized Asset Exchange (https://bitcointalk.org/index.php?topic=460343.0)

ETH is offering Decentralized Autonomous Organization (https://bitcointalk.org/index.php?topic=1365958.0)

#WarOfBuzzwords

Well i don't think ETH has any comparison with true invention because they are some huge whales are controlling the current price of ETH and soon it will get failed, Bitcoin has more brighter future and it has more bigger community than any other crypto currency so that i will avoid to make any investment into ETH.

I believe a huge chunk of people who went to ETH are trading, because we all know ETH volumes are crazy nowadays. Besides, there's no harm in splitting your eggs in a few baskets, not just one.

ethereum is good for one thing and one thing only, and that is if you can buy it at the bottom when the price is low before the pump and dump it as soon as you see the top without any hesitation. otherwise you will only lose money by holding it any longer.

Hm....really interesting comparison. Still, I believe ETH s much more then NXT. After all, that dev team s been delivering much more and lots of other startups are linking to it.

We really have to come back to BTC as the year of 2016 is the year of bitcoin and in this year only bitcoin will flourish and in that period all other coins will lose their value , and in this way everyone who have invested their money on other coins like Ethereum will lose their hard earned money.

ETH will be great to get some extra BTC off all the idiots that think it's going to take over Bitcoin's #1 spot, so what can I say? Let them keep hyping it out, im considering buying some myself and try to short it, but you never know when this thing will collapse.

I feel bad for those going long term on Ethereum, but not everyone can win.

even lots of or almost all of us know this but we still love and keep buying ico coins to dump on mainnet launch for even 2x of the ico price. Noone in crypto community care much about tech behind crypto these days all find it quite way to get some bucks.

As long as i see, nobody gives a crap about Eth and its side businesses like DAO or the others. Nobody gives a flying crap about the tech behind it, or who the founder is.

People saw an opportunity to make easy money. When eth started to appear on big exchanges like btc-e, people bought it because it created hype. Hype was over when the price hit 15$ tho. There may still some small hypes left for eth. Remember, Ltc was 50$ once.

totally agree.
I just regret that I did not buy ETH when it was 1 usd and was considering doing it.
If I did, I would sell everything now.

There is some potential behind ETH but not enough to make you feel scared. Bitcoin is way bigger. Not just the market cap but the total financial system. In that regard ETH hasn't even surpassed litecoin or dogecoin....

Okay....There is a big difference between measuring a technology in terms of its worth in dollars and measuring a technology in terms of the utility of its application.  The true value of the Ethereum project is in its ability to attract an innovative community of developers to create a platform of decentralized applications which supports the network.  It was never meant to be an alternative to bitcoin.  One glance at the workload the community is providing in support of the network and the difference becomes obvious!

See here: http://dapps.ethercasts.com/

One can't measure that utility with a ticker number on a rogue exchange somewhere.

Ethereum is not in the same class as the NXT....

It is really harmfull for us to go long term for ethereum in this year, I do not see any success or permanent increase in value at this year for ethereum, but maybe after a few years someone or some bigger companies start to support ethereum and it get some success, but not sure.

I was quite hesitant to altcoin. a few years ago there was a altcoin also makes me buy a lot altcoin and altcoin was fairly well known and is in the top markets in the various exchanges. but after a lot of people selling the coins now it's just a valuable coin for trash I prefer to trade bitcoin / usd

ETH has a consistently failing market share, and can't keep a decent value unless there is a large buy-in from multiple investors and people putting money into it because of a movement somewhere else with some other cryptocurrency.

Ethereum is not a good investment, and I have no idea why people still treat it that way. But whatever, it isn't my money that's being spent.

I have to admit I did convert some but only to just have
diversity

I definitely agree people shouldnt trade all their btc into it. But
having a little diversity never hurt anyone

As I just posted in another thread, I don't see how ETH  can be selling for 0.027 right now. Anything over 0.015 blows my mind to be honest. I think there is going to be remarkable ETH crash and I don't get why there is such a frenzy for it. But who knows, there may be no reason to it.

Ethereum was never meant to become a store of value similar to bitcoin. It was designed to become the tkens that maintain the Ethereum network alive. Of course that Ether has value but it was designed to be a token and not a currency. That being said, I think that Nxt is much more adequate to be used as a store of value than Ether!

Nowadays all the alternative coins on the market are only a speculation for doing bitcoin by the dev that create these.

The only good things are that they bring a lot of ideas for improve the bitcoin.

agree with you. ETH is very different than BTC. I don`t see that ETH is or will be a competitor to BTC. It just have different purpose

The time to invest in ETH it's probably over. DAO was the last chance to get some money with it.
POS is coming and it will be doom for eth. Slow bleeding till the end of the year.

I think VitalBut & Co. has more shock & awe tricks under the sleeves.

Thanks a lot for this thread. U saved a lot for me. Now they are planning to halt trading at exchanges for coin rollback. It is like bond buyback of Federal Reserve. Fu**ing centralization. Worse than NXT.

https://www.reddit.com/r/ethereum/comments/4oif2x/dao_attack_exchanges_please_pause_eth_and_dao/

Good thread OP. It's good to remember that if this mistake happened on ETH without PoW (in PoS mode as they intend to go in the future) it would have been an absolute disaster. It already is, but way worse. Imagine that a guy gets millions of hacked ETH and now has a big say on the network due PoS. This is PoS is piece of shit and not proof of stake.
BTC is still king, stop dreaming with a BTC 2.0.

Ethereum is unlikely to survive in the long term. Establishing a separate currency for complex derivative contracts was a misguided idea. Rootstock will do the same what Ethereum can do, but instead of intrucing an additional token it will do so by using the Bitcoin blockchain.

Bitcoin is the reference currency for all altcoins. It has by far the biggest user base, the greatest market acceptance and the best developer community behind it. That is hard to beat by any altcoin. In the end, Bitcoin will assimilate useful features that were introduced and tested by various altcoins, making them obsolete.

ya.ya.yo!

Indeed, and since Rootstock will be a sidechain, if it fucks up somehow, BTC will not be affected, or not as much as ETH is being affected right now by this. The fact that Vitalik has told exchanges to stop all tradings should raise serious alarms to all traders.
Btw, it seems Poloniex has ignored Vitalik, ETH and DAO pairs still working lol

ETH is now showing more similarity with NXT than ever before.

- In 2014, a hard fork was proposed to get back stolen NXT.

- In 2016, a hard fork has been proposed to get back stolen ETH.

this looks interesting...I really hope that those graphs stop beeing so similar :D

As quoted it has got different purpose, at the same one can make profit with both these digital currencies trading. That's the better option to convert bitcoin to eth during the time of eth rise. Right now none should convert btc to eth as btc is increasing.

I dont think so. People are saving bitcoins now and not selling them for ETH.

why is everybody leaving the bitcoin i seen this before that everybody is leaving one cryptocurrencie and i dont even know why because it is going great with the bitcoin.

Nothing wrong with ETH, the ETH price is unstable for now because a lot of markets feel a panic because The DAO cases, but for next time we can see ETH will get their value. very exciting to invest in this alt coins.

ETH is doomed as soon as Vitalik does a fork to get back stolen funds. In fact, I think it's too late already to save it. It's like, imagine Core devs decide to fork because people has lost money in the bitfinex fail which has made the price of BTC go down for the last ours and they want that money back.. it's stupid.

I think so too.  This story is just beginning and look at the DAO right now...it is up  ???

I put some money into Ethereum as a hedge a while back, but am sold out now. I honestly don't grasp what is propping the price up on it, and even more on The DAO. They are flailing on the reddit board - there's no clear sense of what they want to accomplish in reaction to the hack, and thus there is no consensus on how to do it. From Vitalik's posts it is clear this is just the tip of the iceberg.

It is clear to me that non-trivial smart contracts will be an order of magnitude harder than initially imagined, and I still don't see what you can uniquely do with them that can't be accomplished in other ways with other programming, without risking all your money. It might ultimately be more efficient to use smart contracts compared to external coding, but the risk needs to be removed from the system first.

It looks for now like Ethereum will survive this hack, somehow - but what happens when the next hack occurs, and the next? I don't see any reason for optimism on that point.

Im holding both BTC and ETH now.. On the long run i believe ETH will have more profit %. There are lots of ethereum based tokens/coins coming up and further countless daps. All these point to the fact that ETH can grow more. It has great potential imo.

The soft fork will happen to make sure the hacker will not get the coins. But the hard fork might not happen. This is good for the price.

the price of ether is going up again, so i suppose that they have already reached a consensus. i would like to know what will be the teams decision. a fork or not?

It looks like there is consensus for a soft fork to try to deny the attacker his funds; beyond that it is all clear as mud from what I can see. It's interesting because it runs counter to the dominant stream of thought on the "Theymos wants to burn Satoshi's coins" thread that has been running here for some time.

Ok. thanks But know it seems that the DAO's smart contract received another wave of attacks. The ether balance started to decline at a fast pace, it has now been revealed that members of the curator team and the Ethereum foundation are behind a white hat attack to rescue the remaining funds.

http://www.newsbtc.com/2016/06/21/dao-curator-lead-white-hat-attack/

over time will be good news, The hacker does not stop there. The DAO take the prevention step. wow, The DAO still have remaining funds?

"Several hours ago The DAO's smart contract received another wave of attacks. The ether balance started to decline at a fast pace, it has now been revealed that members of the curator team and the Ethereum foundation are behind a white hat attack to rescue the remaining funds."

and now its opposite, they are converting their eth to btc cause eth is hack by the hackers and its gone

yes i converting BTC to ETH.cos one day ETC price will be one day same like as BTC and i waiting for that day... !

I already knew that this would gonna happen..Bitcoin is at the top of other digital currencies..These type of altcoins stay for a few months and then they die..I just have faith in bitcoin so I invest very few of my money in altcoins..Bitcoin is the best..

ETH is doing a soft fork and the whales decided to pump it. That makes no sense. With ETH being centralized true bitcoin followers will avoid ETH like the rain.

U seem to have no idea that unlike BTC, ETH has no supply cap. The Ethereum Foundation can issue as much ETH as they want to earn BTC. Supply of ETH is unlimited, while supply of BTC is 21m.

i wondering how could this is would be happened 1 ETH equal 1 BTC for me this is not possible even though for next 10 years i'm so doubt ETH could be reach to those prices

Cryptopia.co.nz has ditched all trades in ETH due to the fork and appears unlikely to relist it anytime soon.

This can never happen that ETH can reach the level of 1:1 on Bitcoin. Also Cryptopia has stopped all trades in ETH. Eth is gaining temporary fame in different intervals but it will not last for more.   ETH has been backed up by few multinationals but they will not help  either.

Popular British platform online banking Wirex has implemented purse to the second capitalization of the Ethereum cryptocurrency.

I do swap bitcoin for ethereum but it is note occasionally. Everything else holds no value. Because the value is made by the people believing in it. People don't invest in what then did not have believe in. If almost everyone believes in a quick profit the coin is really really bad and didn't have future prospect. They tend to drop such coin scare of loosing their fund.

Never is a term that shouldn't be used in crypto since it's still at an early stage and a lot can happen in the next few years. Eth is a pretty established coin when it comes to features and popularity, only next to bitcoin. That would be somethingnto think about

Entering the world of cryptocurrency means we must be ready with all the risks we will receive. choosing any coin is a decision that is done with the reasons of each individual. and in my opinion, Ethereum is a good coin with a very high potential value, even though now its value is freefall. I still believe in Ethereum, and Eth's fate is not the same as NXT first. Ethereum is still much better.

The current situation of btc and etc is almost the same its just that the btc is still the king of the cryptocurrency. We cannot avoid the truth that bitcoin is the most powerful coin im virtual world, with that people.loves bitcoin no matter what. They trusted it more that anybody. That is why bitcoin will help us to have a better future.

Very well said. It usually just like you said but sometimes people make enough investment and try to share that with people. Everyone should their own research but there is no harm in spreading good news with people.

(ICOs) were in the vouge and there was a coin for everyone and every purpose. ... Not only is this lack of “ICO demand” for ETH having an adverse effect on ... lower as they try to convert their ETH into Fiat currency to meet expenses. .... while trading Bitcoin, or in the basement maintaining his mining rigs.

It is very frustrating to lose money at any moment in time while investing in any altcoin, I believe in times of hardship when most coins are dropping so fast, the best thing to do is to put your hard earned money in bitcoin since it can be trusted.

Since its inception, Bitcoin has never been truly confidential. While it follows from Satoshi Nakamoto's whitepaper that privacy is the goal of Protocol development, government agencies, Analytics companies, and other stakeholders – let's call them "spies" – have ways to analyze the public blockchain and peer-to-peer network, group Bitcoin addresses, and establish their connection to IP addresses or other personally identifiable information

In Ethereum blockchain running application FOAM for mapping terrain using the technology of smart contracts.

hmm, good advice, I also started to consider exchanging my BTC to ETH, which according to experts and in my opinion, personally, maybe in the future ETH is more promising and will be a useful crypto.

To be honest, I like both of these currencies, and I have investments in both Bitcoin and Ethereum. Both of them achieve very great success, although more reliable I still have on bitcoin.

It seems to me that Ethereum is a very successful, and even to some extent undervalued currency. So I make big bets on it and have quite a lot of investment in this coin.

I put more emphasis on bitcoin and 75% of my investment portfolio is dedicated to it. But I can't pass up Ethereum, because he's also an excellent prospect so I have a pretty large amount.

I agree that no matter how many NXT, ETH or any Altcoins you hold but in the end it will still to be traded to BTC for fiat and that is why Bitcoin is always the number one Crypto currency in the market because of this scenario but i have observed that some local exchanges are directly accepting Ethereum for fiat so maybe in the future Ethereum will not depend on Bitcoin anymore.

I think it's useless to switch from BTC to ETH. it will only waste time, and I don't think I will switch. When someone has made Bitcoin the main goal, they will think a second time if they want to switch or exchange it. CONYOL!

WoW. OP could see today's Ethereum situation 2 years ago.

Aah good ole centralized nxt.
It makes you wonder what will happen to eth once smartcontracts on the btc chain have become a reality.

Ethereum is a very promising coin, there is no doubt about it, so I prefer to keep a part of my Deposit in this coin. I really like this technology.

thank you very useful advice, you are a legendary member of course you have had a lot of experience about crypto investment.
I will follow the advice you give.

The Upcoming Ethereum hard fork, called Constantinople, will be activated in the test network in the first decade of October, but the timing of the upgrade in the main network is still not defined.

Why would anybody covert Bitcoin to Ethereum? ETH is a valuable coin but in my opinion not as special as BTC. As such I find it hard to think people would shift towards ETH and away from BTC.

i just converted/exchanged my Etherium to Bitcoin about 2 weeks ago and iam still happy with this....
Right now iam only owning 2 alt coins but i will exchange them soon also to Bitcoin becourse i can grow my bitcoins better than alt coins ;)



kind regards

it is obvious it used to be a case before but for now i think people prefer changing their ethereum to bitcoin because the ethereum seems to be highly volatile and the bitcoin is more stable than expected therefore people do not change their ethereum again

Well both btc and ethereum are a good coin and we don't have to convert between the two because anytime both can change and the price may also change and we can maybe gain on it even if we simply holding it. The is really an amazing coin than can change many life. And we only need to wait for it to rise soon.

Both cryptocurrencies are the top 2 from the list so bother converting one to another? Instead, invest on them both, hold them for a couple of months or years and the see how your investment grow. As the market is bleeding, so it's time to invest on them  more.

That's true though...

to be honest i dont really care if btc is the best, i know when btc price rises altcoin will follow it.
so do you think all coin except btc are not good? like ETH,NEO,XLM,XRP,NEM etc.
i know btc is the mother of all coin, because its the first, but we cant underestimate altcoin who come with great technology.
but for some shitcoin i agree with you, it can be test your lucky.

BTC is undoubtedly better, i.e. more sound, than all the coins you have named over here.

I have always thought that many investors prefer reverse exchange, in more so to say valuable coin. But it turns out there are altruists who completely trust alts.

This meme speaks a lot about the reality of BTC vs ALT...

https://i.redd.it/s0qyhgbcwwh21.png

It's all about timing. No harm in converting BTC to ETH as there is a major update coming up and it has already made ethereum pump more than bitcoin. When it starts to flatline, then go back to bitcoin.

Yes I know that the ethereum is more potential and Im believe on that too because in the last few months ago the potential become more better so that's the other project will be prioritize the ethereum compared to the bitcoin but still good option if they are still partnership with the bitcoin because bitcoin is still potential and good to have payment option to purchase any token or anything .

Today I analyzed most of the information in the media regarding the future cryptocurrency market. Experts from the IBM company have very high hopes for cryptocurrency and really believe in increasing the price of Bitcoin before the end of 2019 to $ 6,000. But they don’t also believe that Bitcoin will not stop there.

Of course, I don’t want to believe all these forecasts, but for the whole of 2018 I was convinced that no forecasts can be trusted, especially if they are not confirmed by any facts. I really If I see an increase in the capitalization of the cryptocurrency market, then I definitely will believe the price increase forecasts.

If we talk about predictions, I was very much hoping for the news that was heard in most media regarding Bitcoin. Analysts have expressed that the stock market and stock exchanges are interested in cryptocurrency and this will bring a large amount of investment in Bitcoin. But so far the situation has not changed.

I don't see any reason why someone should choose ethereum over bitcoin because bitcoin has done well and it will remain the dominant cryptocurrencies for long.  Ethereum is good but we have other similar cryptocurrencies like waves and neo and I think both are in competitions.

Well in trading you don't actually have to select one over the other. If you feel that a certain coin will have better movement than the other, then go sell. For example, recently i think eth's growth is a little more than btc considering it came from sub 100usd. It could be eth's time or btc's time. The thing is you have to be flexible.

It seems to me that it is better to invest your money in the air as well as in its competitors, in order not only to minimize the risks, but still be able to get your share of the income, because each platform, such as stellar, Neo or waves is still will be relevant in the cryptocurrency market, Let it go further to a lesser extent than ethereum.

U missed the stable coins. CoinBase USD, Gemini Dollar, Tether et. al.

All this is speculation, and many users (maybe even most) are manipulated. At this point, experienced traders want to earn at the event which was Ethereum hardfork. When the ETH price goes up enough, they will start moving from ETH to BTC or another coin. This is how this market works.

Is there any upcoming ETH fork?

I guess he was referring to the network upgrade which is from POW to POS.

In fact, this update did bring good benefits for the ethereum blockchain. I think the team won't stop there. Nevertheless, the price of ethereum has not changed very much both before the update itself and after it. Perhaps the situation will change with K for some time.

There is no reason converting BTC to ETH. I prefer to invest in BTC, For me BTC its more valuable than ETH.

I will add one more fact.
Both coins: Ethereum and NXT held an ICO sale. Ethereum was more successful but ICO investors of both coins earned thousand percent profits  8).

It depends sometimes we just want to share our point of view,
But we couldn't change thr fact that most of the time it is just to pump the coin for their own profit.

That is your opinion but you should look for consideration on how things works on volatility of eth since it's quit profitable if you ride the flow of the market, and also you shouldn't put your one investment in one area only since you might stuck your investment if the price of bitcoins will keep declined.

I don't think that is with it, for me this is useless because ETH price was depending on BTC price. If BTC was in pump ETH was in nice price also and now that's why ETH was suffering like this because BTC price was stock.

The fact is that many analysts say that the next price jump for cryptocurrency will be the last for Bitcoin. Nevertheless, those who invest today their funds will be able to get a very good income. But my personal opinion is about Bitcoin and ethereum, but still I believe that ethereum has every chance of becoming the leader of the cryptocurrency market.

I could not deny that i am one of those who converts Bitcoin (BTC) to Ethereum (ETH) but i am doing it with wise decision. I converted some of my btc to eth only during the time Eth is so low while bitcoin is having a pump. With that, i really get a good volume of Eth with my little chunk of my btc.

Why do not you see the possibility of drawing a new road? Why should everything look something like? In this way we have already put everything on a graph and we continue to do so. Just follow and you will see that it continues in different ways.

 everyone has different mind set about the investment but it could not been changed the game most of the time but the situation are made to the investor to change his mind set and make different decision but my opinion is if you had your confident with investment holding onto that will be given the profit for you otherwise it can be reviewed difficulty and density to you.

This is an old thread, comparing ETH and NXT, unfortunately NXT has loss it's track in the market.
I don't know if it's still active now but the volume has really gone down, but ETH on the other hand really had a good success and until now IMO.

Well, I believe there's still a lot of NXT coin holders around, it has a big push last December 2017 when price went up $1.70 and AFAIK there was an airdrop that time, not really sure, that made the price up.

It's an old coin which supposedly valuable now, but it's late in development, so hopefully it's not dead already.