Is ethereum a valid competitor to bitcoins?

[Captimiz]

I heard its gaining momentum, but is it really a valid competitor to BTC? Will just flatten out like litecoins eventually?

[amacar2]

I heard its gaining momentum, but is it really a valid competitor to BTC? Will just flatten out like litecoins eventually?

You seem to be quite new in altcoin sector, ethereum is quite different than bitcoin and both can exist parallely however if you go through recent news about eth, more than 3million eth has been hacked from DAO token platform, and fear of that eth coming to market is causing so much panic and price dumping right now.

[InvoKing]

It is like comparing an original piece of a car with a cloned one, so no it isn't a competitor nor a close one especially after the recent hack...

[franky1]

until ether has some REAL WORLD usage.. its just another pump & dump altcoin.

most people would think ether vs bitcoin as the difference between  
shares market vs forex
contracts vs currency

[sishendaoye]

I heard its gaining momentum, but is it really a valid competitor to BTC? Will just flatten out like litecoins eventually?

I think it is just look at the top 10 cons on http://coinmarketcap.com/
4 out of 10 are associated with Ethereum
Lisk, DAO, DIGIXDAO, which means it has true potential being a main altcoin.

[European Central Bank]

It certainly has gained some momentum recently, maybe not the in direction you seem to be expecting.

It's trying to do too much too soon and it's just failed in a super expensive and public way at exactly what it was supposed to be for. I don't think that's the end of it but it sure hasn't done it any favors.

bitcoin's going about it in the right way. I'm sure there's gonna be stuff that can do what eth is attempting to do in the future. i ain't so sure eth is gonna be doing it.

[helloeverybody]

At the moment ethereum appears to be kicking the bucket. Its tried to be over complicated which seems to be its failing. Stick with bitcoin, its tried and tested and weathered many storms yet it still holds strong. Ethereum has dropped a lot today and yesterday and its not finished yet.

[avikz]

So far not!! ETH can't be a competitor of BTC in any way. If you just compare the price, you will know it.

For ETH to become another bitcoin, will have a long way to go. The market cap similar to bitcoin is very very hard to achieve. However, ETH has been a profitable venture from some time now. I bought few ETHs when it was just $5 and still holding them for further price rise. But I don't expect ETH to raise up to $750 in any time.

[longbob72]

Even after it gained a momentum, calling ETH a valid competitor to Bitcoin or otherwise is premature at this point. Being profitable and innovative is not enough to make a crypto as good as bitcoin. It simply means that it may have the potential to be one.

[robinH]

Never say never, in the future maybe. But at the moment, it is no competition for bitcoins. It has serious potential though. But realising it could prove difficult.

[haendehochueberfall]

I heard its gaining momentum, but is it really a valid competitor to BTC? Will just flatten out like litecoins eventually?

ETH is a competitor to Fluttercoin at best

gtfo shill 

[Skaven]

I heard its gaining momentum, but is it really a valid competitor to BTC? Will just flatten out like litecoins eventually?

The difference with litecoin is that ETH has actually real developers. Litecoin has a team who are there 'for fun'
Ethereum with their smart contracts brings innovation and even with the DAO fail there is potential if you ask me.

But... after bitcoin.