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york780 (OP)
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March 24, 2017, 08:55:41 AM |
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MadGamer
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March 24, 2017, 09:01:01 AM |
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I would prefer If we could speak using numbers and facts, I mean how many websites, local shops, individuals you know that accepts ethereum compared to the ones that accept bitcoin? I know they are all based on supply and demand but the real value isn't totally based on the price.
Ethereum indeed opened a lot of doors for developers of tokens, smart contracts etc... but It's definitely not something someone would use as a digital cash.
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mining1
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March 25, 2017, 09:45:13 AM |
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I would prefer If we could speak using numbers and facts, I mean how many websites, local shops, individuals you know that accepts ethereum compared to the ones that accept bitcoin? I know they are all based on supply and demand but the real value isn't totally based on the price.
Ethereum indeed opened a lot of doors for developers of tokens, smart contracts etc... but It's definitely not something someone would use as a digital cash.
Ethereum doesn't care about someone saying hey, i accept eth here. Altough there are places that accept it, or via shapeshift. Also alphabay will implement eth in may. ETh doesn't need to be accepted by random websites to have demand, it already exists in form of gas for the platform. DAPPs/smart contracts need it, therefore the demand exists. Do you think bitcoin being accepted as payment in different places ( but with very low volume because it's used mostly for speculative purposes ) is comparable to United Nations implementing ethereum at large scale ? http://innovation.wfp.org/blog/blockchain-crypto-assistance-wfpOr javascript creator and mozilla cofounder endorsing ethereum ? https://twitter.com/BrendanEich/status/845028886425448448 https://www.americanbanker.com/news/web-pioneer-plans-blockchain-based-digital-ad-platformOr santander's tokens backed by fiat ? https://cointelegraph.com/news/santander-confirms-fiat-backed-token-project-on-ethereum-blockchainOr the ethereum enterprise alliance that actively works and develop on / for ethereum ? ? https://www.infoq.com/news/2017/03/Enterprise-EthereumOr the hundreds of dapps that live, beta or in work ? Or Andreas Antonopolous, arguably one of the most important bitcoin maximalists being more interested in eth than btc and wants to talk at devcon3@ eth conference ? https://www.reddit.com/r/ethtrader/comments/61c6r8/some_vip_ethereum_tweets_to_consider/Or the fact that the projects deployed on ethereum are worth almost 250mil usd by themselves now ? Or the fact that there are even decentralized exchanges on it ? Or the fact that it will be the first project to scale ? (no project currently can scale ) Bitcoin is losing people's faith. And people's faith is what keeps btc prices up. If they think it doesn't worth much, they sell. Bitcoin's utility as currency is so small it can't keep it alive without 95% speculation. |
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metropolia
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March 25, 2017, 10:49:12 AM |
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Ethereum is very bullish nowadays, I think if bitcoin has a hard fork in the future, Ethereum will go up crazily, and take over bitcoin's boss place.
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Arvydas77
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March 25, 2017, 10:53:46 AM |
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ETH has no chances to overtake Bitcoin this year or anytime soon because scaling of ETH network is even worse than BTC. If mass adoption of ETH goes live it will experience the same problems BTC is facing now. Then only thing that can push ETH price significantly is dapps. As a payment network it is not suitable at all. |
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Ramone Estavez
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March 25, 2017, 11:01:55 AM |
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Ethereum is apple to bitcoin pear, the relevant comparison is monero, that is the real competitor to bitcoin. Apple vs apple.
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CraigWrightBTC
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March 25, 2017, 11:11:35 AM |
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Well because of ethereum's price growing up so you think it will take over bitcoin, it is too early to make opinions like that because ethereum is still new be compared with bitcoin also marketcap of ethereum is more small than bitcoin. |
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Ayers
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Seabet.io | Crypto-Casino
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March 25, 2017, 11:25:06 AM |
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no and no bitcoin will return again after this fud about hard fork will go away, this is another death of bitcoin time, which is promoted by thread like this, i don't trust anyone telling me to dump my bitcoin to fee his bagholder wallet, whoever is promoting any alt it's just a baghold that want his coin to increase in value
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Red-Apple
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March 25, 2017, 11:25:49 AM |
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this is actually very good that ETH price is rising and lots of people are buying it. because whales who hold around 80 million ETH coins have to dump it to the market so that people can buy and that creates some sort of distribution and when the distribution gets one step closer to reality we can see the real sell pressure and the real effect that a 90 million coin supply can have on the price and then we can see if ethereum can even stay up at 0.001BTC or not.
you can see its future in coins with large supply, coins such as Dogecoin although being an extreme example but it fits perfectly to this situation.
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--signature space for rent; sent PM--
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mining1
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March 25, 2017, 12:08:05 PM |
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But distribution already exists because everyone can mine with the same video cards they use for gaming. You don't need extremely expensive equipment with over 1 year ROI that gets throw in the trash after because it has no other usage.
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deadsilent
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March 25, 2017, 12:30:47 PM |
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Only time will tell. But its possible that ethereum could surpass bitcoin. But its a long process tho. It may take years to happen. Ethereum is vey growing very quick and it could double the price later.
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yukiko
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March 25, 2017, 01:11:04 PM |
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I thought Ethereum was supposed to be moving towards Proof of Stake at some point? Therefore, there will of course be a rise in price as people try to get in before a change happens.
However, it's still a completely speculatively currency only really benefiting from the underlying code that does not depend on the currency itself, no?
And thus the basics of manipulation in price completely takes over when POW becomes POS. People will buy in trying to earn ETH. However, a large price drop will scare people into panic selling.
Large price movements up create panic buying as people try to get in before it is 'too late'.
Typical institutional-style runs on stops (both long and short) take place, creating volatility. Volatility destroys trust in the currency. Then it is bye bye Ethereum as early buyers get sick of the uncertainty and cash out.
Of course, this is opinion. But it just seems the hype of the code in ETH mixed with fear of BTC is the sole driver of the price increase. Where is the actual -value- in ETH that isn't tied to smart contracts/coding that do not technically require ETH to utilize?
Note that laws in the United States are being made to allow for stability for banking institutions to adopt blockchain style methods into their business structure. This of course may move towards smart contract coding. Do you really think they'll be trading in ETH?
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NorrisK
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March 25, 2017, 01:26:10 PM |
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I thought Ethereum was supposed to be moving towards Proof of Stake at some point? Therefore, there will of course be a rise in price as people try to get in before a change happens.
However, it's still a completely speculatively currency only really benefiting from the underlying code that does not depend on the currency itself, no?
And thus the basics of manipulation in price completely takes over when POW becomes POS. People will buy in trying to earn ETH. However, a large price drop will scare people into panic selling.
Large price movements up create panic buying as people try to get in before it is 'too late'.
Typical institutional-style runs on stops (both long and short) take place, creating volatility. Volatility destroys trust in the currency. Then it is bye bye Ethereum as early buyers get sick of the uncertainty and cash out.
Of course, this is opinion. But it just seems the hype of the code in ETH mixed with fear of BTC is the sole driver of the price increase. Where is the actual -value- in ETH that isn't tied to smart contracts/coding that do not technically require ETH to utilize?
Note that laws in the United States are being made to allow for stability for banking institutions to adopt blockchain style methods into their business structure. This of course may move towards smart contract coding. Do you really think they'll be trading in ETH?
Ethereum was never supposed to be a currency, yet people are treating it like it is. This is one of the main reasons why it will not take over bitcoin in the upcoming months. People are simply speculating and riding hype waves instead of seeing the tech for what it is. |
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mining1
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March 25, 2017, 01:48:39 PM |
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Raiden will have something to say. If it will prove to be a success and make ethereum massively scale, then it will surely threaten bitcoin's position. I think it's the deciding factor that may tip the balance in favor of eth.
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mr.mister
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March 25, 2017, 01:52:02 PM |
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Is Ethereum going to take over bitcoin in the upcoming months?
No, Etherum is a scam. Just like Dash, Monero, Zcash, and the rest. Stay away or you'll regret it. |
Bitcoin Cash (BCASH) is NOT the real Bitcoin
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yukiko
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March 25, 2017, 02:02:35 PM |
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Is Ethereum going to take over bitcoin in the upcoming months?
No, Etherum is a scam. Just like Dash, Monero, Zcash, and the rest. Stay away or you'll regret it. Unless you specifically mean the inherent code itself is designed to allow for massive theft of the value of the coins, define what you mean by scam? Are you referencing this as "tulip mania" or do you just mean it's designed as early adopters massively make money, dump, and run? |
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iram1011
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March 25, 2017, 02:06:14 PM |
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bitcoin will remains the first crypto currency. and the bullish moment of eth is related to last days news about btc unlimited/sec etc.
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mr.mister
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March 25, 2017, 02:58:42 PM |
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do you just mean it's designed as early adopters massively make money, dump, and run?
Yes, it will be worthless stuff, they will dump and run, and some of you will be left holding the bag. As of right now, Bitcoin is the only real thing. |
Bitcoin Cash (BCASH) is NOT the real Bitcoin
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yukiko
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March 25, 2017, 03:26:35 PM |
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do you just mean it's designed as early adopters massively make money, dump, and run?
Yes, it will be worthless stuff, they will dump and run, and some of you will be left holding the bag. As of right now, Bitcoin is the only real thing. Okay. So if the currency is a scam, but the technology clearly is not a scam, how does one "invest" in the technology without the currency? That's ultimately what's happening, right? The technology is becoming popular, people want to invest, and the only viable method is the coin. |
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jjacob
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★Nitrogensports.eu★
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March 25, 2017, 03:27:48 PM |
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Bitcoin is in a bear market, but that specifically has a lot to do with the uncertainty over BTU and the hard fork.
But bear in mind that Bitcoin accounts for more than 60% of total crypto market cap. I don't see ETH overtaking Bitcoin that soon (in the upcoming months).
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