ETH connected with MLM while Bitcoin losing on marketcap share

[leopard2]

MLM or not, ETH is going to see $100 soon 

which makes sense if you look at the total number of ETH vs BTC, which is about 5 times.

therefore equilibrium would be reached at around $200 ETH/$1000 BTC

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[cosmicblue]

Just wouldn't doubt it at all from this point about it being a MLM scheme along with dash.
Ahh jeez. Why these two keep going up is beyond me but might as well just go with the flow.

It's an MLM? Only thing I can remember something being labelled as one of those was a hyip from a known chinese scammer.
Who are these guys who created it connected too?
That's why I asked for source on these finger pointing. Cause doing that with out a direction to look to doesn't help me make a decision on what they are good for.
That's why really.

MLM is pretty common, think Tupperware, Avon etc.

Neither Dash or PIVx is multi level marketing.

For it to be considered multi level marketing someone referring someone new into the crypto currency as a miner would need to receive a portion of the new persons income.

[piloder]

Ethereum can never dominate Bitcoin, it would have already if it could. These are market gimmicks and ethereum is really being pumped and I urge all to be careful before they loose from a potential pyramid scam.

Yes Ethereum foundation are also known for dumps in past when price pumps really hard. ETH can't beat bitcoin and everybody should be careful about what they are holding right now. There is still millions of ETH in the hand of Ethereum foundation which can come to market at any time.

[BigBoom3599]

Anybody calling Ethereum itself a pyramid scheme is just blatantly ignorant and needs to spend some time doing proper research (someone on a bitcoin forum calling it a pyramid scheme without any arguments may be a bit biased) Ethereum is, from a technological point, probably the best cryptocurrency IMO. The developers behind Ethereum are very keen, and they actually get stuff done instead of debating for years...

[talikila]

The Ethereum connection with pyramid scheme indicates big whales are planning to pump it but there is also remarkable increase in some good projects based on Ethereum platform which could lead to ETH price increase.

I really impressive with ETH increase nowadays but I feel unstable for this coin and Who will be the last person to buy ETH . I do not know when this fact  happens but I will not buy ETH at this time. I just watch and wait for it.

[FiendCoin]

Anybody calling Ethereum itself a pyramid scheme is just blatantly ignorant and needs to spend some time doing proper research (someone on a bitcoin forum calling it a pyramid scheme without any arguments may be a bit biased) Ethereum is, from a technological point, probably the best cryptocurrency IMO. The developers behind Ethereum are very keen, and they actually get stuff done instead of debating for years...

ETH and DASH are seeing parabolic rises in price, this can end only one way, MAJOR crash. We've seen it numerous times with Bitcoin. Remember when Litecoin was $50? What's it at now $4? We won't know if these alts have any staying power until after their crash. If they can recover after that then maybe they have some validity. Right now, probably P&D, be warned.

[JanpriX]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

We need to take a look at what's happening right now in the crypto world before saying that ETH or some altcoin in involved in a pyramiding scheme. Bitcoin's drop in market dominance would be the after effect of ETF and the battle between BU/SegWit. There so many moving parts in regard to bitcoin and this uncertainty forced other investors to step back and just wait until these things were settled.

As for the ETH's increase in price in the past days, I'm seeing one of the reasons behind it is that four major companies used eth's technology in their recent projects. This produced high buying amount in the market helping the price of eth to increase as where it is now.

At the end of the day, after these increase in price for BTC, eth, or any other altcoins, there will always be crash or correction. People should be always aware of that.

[aardvark15]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

We need to take a look at what's happening right now in the crypto world before saying that ETH or some altcoin in involved in a pyramiding scheme. Bitcoin's drop in market dominance would be the after effect of ETF and the battle between BU/SegWit. There so many moving parts in regard to bitcoin and this uncertainty forced other investors to step back and just wait until these things were settled.

As for the ETH's increase in price in the past days, I'm seeing one of the reasons behind it is that four major companies used eth's technology in their recent projects. This produced high buying amount in the market helping the price of eth to increase as where it is now.

At the end of the day, after these increase in price for BTC, eth, or any other altcoins, there will always be crash or correction. People should be always aware of that.

I don't see why ETH and Dash can't be successful altcoins even if they are secondary to Bitcoin in price. Bitcoin may always be the most expensive coin, but there may not be enough to go around. Why not have some other coins that can also be used? Even now if you go to a store, you can pay with cash, debit card, Visa, MasterCard, check, etc. So in the future we could have the option of Bitcoin, Etherium, Dash, etc.

[bitcoinvest]

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

We need to take a look at what's happening right now in the crypto world before saying that ETH or some altcoin in involved in a pyramiding scheme. Bitcoin's drop in market dominance would be the after effect of ETF and the battle between BU/SegWit. There so many moving parts in regard to bitcoin and this uncertainty forced other investors to step back and just wait until these things were settled.

As for the ETH's increase in price in the past days, I'm seeing one of the reasons behind it is that four major companies used eth's technology in their recent projects. This produced high buying amount in the market helping the price of eth to increase as where it is now.

At the end of the day, after these increase in price for BTC, eth, or any other altcoins, there will always be crash or correction. People should be always aware of that.

I don't see why ETH and Dash can't be successful altcoins even if they are secondary to Bitcoin in price. Bitcoin may always be the most expensive coin, but there may not be enough to go around. Why not have some other coins that can also be used? Even now if you go to a store, you can pay with cash, debit card, Visa, MasterCard, check, etc. So in the future we could have the option of Bitcoin, Etherium, Dash, etc.

I personally don't like those coins, but i have to agree with you, there is space for all and must be, like you said, we not have only Visa, we have Mastercard, debit etc... so the same will be for the crypto coins also   this is the reason i bought long time ago many alts. Having the idea that only the bitcoin will dominate this new world is wrong.... Yes will be the king of course but the king need slaves hahaha and important ones

[Petersun001]

billionaireprofit is a will be a private Limited organization that has been lawfully enrolled in the United Kingdom in 2016. We have a group of merchants with a 7+ years involvement in investments. Presently we are giving speculation administrations around the world. Basically, we are trading foreign currencies & cryptocurrencies. It has never been this simple to have a steady and safe wage! The fundamental objective of our work is the wellbeing of assets, and just the accompanying our assignment is to make high benefits.

[Pettuh4]

Well o guess Bitcoin is making another fall but hopefully it wouldn't go pass $1000. The market cap will unsurprisingly reduce and I hope ethereum isn't artificially being pumped to serve a purpose?

[aardvark15]

Well o guess Bitcoin is making another fall but hopefully it wouldn't go pass $1000. The market cap will unsurprisingly reduce and I hope ethereum isn't artificially being pumped to serve a purpose?

If the price of Bitcoin keeps dropping, we can get some cheaper Bitcoins. And if you own any Etherium, it might not be a bad time to sell Etherium for Bitcoin if this trend continues.

[shinratensei_]

why in bitcoin discussion about altcoin? eth capitalization is fake

because the main purpose of altcoin (ethereum in this case) is to get pumped and then help those of us who invest before pump and dump on the top have more bitcoin.

According to the ethereum trader, reddit and a lot of the new adopters are getting trap by the ATH of ethereum. It looks like just the ethereum pump just to fool the people.

[hl5460]

MLM or not, ETH is going to see $100 soon 

which makes sense if you look at the total number of ETH vs BTC, which is about 5 times.

therefore equilibrium would be reached at around $200 ETH/$1000 BTC

That would make BTC market share down to less 50%

[jubalix]

BTC is being killed by the block size issue which makes coins immovable and the internal debate and scaleing which just shows dev has ended.

[Kakmakr]

why in bitcoin discussion about altcoin? eth capitalization is fake

Because the longer Bitcoin goes without scaling, the more marketshare it will lose to altcoins and the more likely it will become to lose its dominant status.

We want to avoid that right?

Actually more people are using Dash for it's anonymity features, possibly for money laundering and criminal activities, so it is not a big loss if that happens. We had our share with Silkroad. ^smile^ ETH after the fork, is not a good option for me, because I have my doubts if they can survive after that blow.

If we can get rid of the shady people using Bitcoin for criminal uses, this might even be better for Bitcoin. ^LoL^

[Caladonian]

why in bitcoin discussion about altcoin? eth capitalization is fake

because the main purpose of altcoin (ethereum in this case) is to get pumped and then help those of us who invest before pump and dump on the top have more bitcoin.

According to the ethereum trader, reddit and a lot of the new adopters are getting trap by the ATH of ethereum. It looks like just the ethereum pump just to fool the people.

it quite interesting to see how those people react after this pump eneded as we all knew that this things already happen before, eth really make a huge rise then after that etc went out and do its own pump to, are we going to see another coin? but for some  reason maybe big players really wanted to gather more interest  and this pump will continue.

[btbrae]

Ethereum might have smart contracts but Bitcoin has something better - trust. You can change a few lines of code to achieve the first but the latter, takes many years to achieve.

Treat altcoins with an open mind but beware of who controls them. Bitcoin and Litecoin are still the grassroot choice.

[Arcteryx]

BTC is being killed by the block size issue which makes coins immovable and the internal debate and scaleing which just shows dev has ended.

I think the dynamic duo are killing the btc price right now.
One rises the other must fall and this time it's btc is the one to suffer with losses.
ETH and DASH are top of the heap as we are witnessing at the moment.

[Kevin77]

BTC is being killed by the block size issue which makes coins immovable and the internal debate and scaleing which just shows dev has ended.

I think the dynamic duo are killing the btc price right now.
One rises the other must fall and this time it's btc is the one to suffer with losses.
ETH and DASH are top of the heap as we are witnessing at the moment.

Not sure about ETH, but Dash is being pumped insanely that is the reason it is skyrocketing unlike any other thing. But I'm very much sure it will fall in the same pace how it reaching where it is right now.
I am not finding any support news nor events to make Dash to have 80+mBTC price levels. A pure bumping is happening there.

Financial experts never consider market cap as a valid criteria to measure and compare financial instruments. I am believing traders will start forgetting these ETH and Dash once we get new innovative altcoin arrives like how Ltc  turned as an old dog. But bitcoin will remain as evergreen opportunity for investors and well as for traders.