True or false: Ethereum is a bubble, bitcoin is not

[Yuuto]

   I was reading some articles today which pointed towards such a conclusion, just curious what others think about this notion.

Would you mind linking us to the article that you read?

I would agree to some degree. I believe that bitcoin at $2900 was definitely a bubble, but at $2500 is sort of just the natural variation zone of bitcoin. I mean so many governments have legalized bitcoin as well, so this pump is not unjustified and downright a bubble.

But for Ethereum, what has changed apart from more ICOs using it as a way to get funding? Nothing. And plus, the Bancor ICO nearly crashed the whole system because it's not scalable enough. So yes, i think that Ethereum is definitely in a bubble, bitcoin was in a bubble, but the adjustments already came and price looks healthy.

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[timerland]

The main difference between these two is that bitcoin has real usage in the real world, merchants accepting it, countries legalizing it, funds offering it as an investment method, whilst EThereum is purely speculative.

you could say that both are speculative bubbles, but bitcoin is more of a healthy rise in price, rather than Ethereum. Of course, when bitcoin does get overpriced, an adjustment will be necessary to bring the price to its normal levels.

Plus, bitcoin rose like only 2-3x from the start of the year, and ETH went from like $30 to $400+. So the extent of the bubble in Ethereum is much larger, and the fact that it nearly exceeded bitcoin is just disgusting.

[talkbitcoin]

With Bitcoin, when it gets a very high raise and then falls, it usually falls to a value above the starting value. So even if it is inflated, it ends up a little higher. I remember it going from 450- something to 800, then back to 535 for example. Sometimes it does go very low but that requires very bad news.

I do not know much about ethereum... just seems everybody is talking about it lately.

Its true.Even if bitcoin price falls down after its price rise,it would be much higher than its starting price.Since bitcoin has universal users now,its not manipulated by chinese like before.But it is not the case with ethereum.It does not have users universally.Its mostly pumped to reach high price.So it may burst any time.

Yeah, once bitcoin manipulation was under the hands of Chinese miners and the exchanges. This went out of hands just because of the fake price pumping they make to profit. Now things has changed a lot, each and every price move is based on the users participation along with the technology advancing. With ethereum too we cannot say it's entirely a bubble, because even after big pumping it is sustaining without falling to the ground.

it never was under that hands of anyone.
it was all conspiracy theories spread by FUDsters to increase panic and earn bigger profit from the panicky situation.
the fact is when Chinese exchanges were shut down and stayed shut down for a couple of months, bitcoin still continued the same path as before with the same fast rises and fast dumps. and nothing has changed at all. bitcoin is still rising the same way, and falling the same way too.

for example there is no difference between the rise from $500 to $750 and the rise from $2000 to $2900

[Pente]

I am going to make a prediction here, so I can reference it later:

Ethereum will drop to below $10/each before the end of 2018

I also think there is a 50/50 chance that Ethereum will drop below $5/each.

 

From a peak of about $400 down to just over $200. Can we say 50% drop so far? At this rate, it will reach my goal of $10 before the end of the year. I will buy one Ethereum at $10 for good luck and an additional Ethereum at every 20% drop from there.

[Biodom]

What bubbles are you talking about?
Both barely register among stocks (midcap, not even large cap), forget about asset classes the smallest of which (precious metals) is above 8 trillion.
Yahoo alone run to 150 bil market cap in 2000.

New money is about to enter the fray.
Will they try to drop crypto 50-70% before entering?
Perhaps, but it is equally plausible that crypto (btc, eth) will end the year 200-400% higher.

[pooya87]

I am going to make a prediction here, so I can reference it later:

Ethereum will drop to below $10/each before the end of 2018

I also think there is a 50/50 chance that Ethereum will drop below $5/each.

 

From a peak of about $400 down to just over $200. Can we say 50% drop so far? At this rate, it will reach my goal of $10 before the end of the year. I will buy one Ethereum at $10 for good luck and an additional Ethereum at every 20% drop from there.

ethereum is  one of those alts that you know has something big coming for it (a big dump that is) because of all the ICOs that people were happily participating in for the past few months and were creating the huge bubble, now there is a lot of ether tokens waiting to be dumped on the market. they just have to reach the time when their escrow expires.

[soul-impact]

   I was reading some articles today which pointed towards such a conclusion, just curious what others think about this notion.

Yes, ethereum is a bubble, a big bubble is affecting a lot of other altcoins. However, bitcoin is the biggest bubble, it covers the entire virtual currency market, it affects all the altcoins. Bitcoin is a real bubble.