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Author Topic: Bitcoin is declining as top crypto currency. Why?  (Read 4472 times)
Taki
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June 21, 2017, 10:43:05 AM
 #121

Really now? I am pretty sure bitcoin is most popular right now and it doesn’t look like bitcoin is declining in popularity right now. What do you mean by ETH passing bitcoin?
 
I do think that ETH will grow but for ETH to grow so well, but for it to grow, so it beats bitcoin seems very unlikely especially with bitcoin being so popular. There are faults in bitcoin, no doubt, with the long confirmation times and transaction fees. Even though bitcoin is relatively old compared to new cryptocurrencies it has a lot of media attention, especially with recent news related to Japan. Bitcoin has most of our trust and it would take another cryptocurrency with even more trust and a better reputation to take over bitcoin, or who would ever buy or use that cryptocurrency? No one would trust it, since it would be too new

ETH is in breaking news because of it's price raised 300% during one month, bitcoin's result are much more modest, that's why so many ago I around it.
I think ETH will continue to grow for some more weeks, but the pop is coming.

   
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin-Qt, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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June 21, 2017, 10:46:30 AM
 #122

Bitcoin is not declining as the top currency, it still has maintained itself as the top currency in the crypto universe and the most recognized and gaining the most complete adoption and recognition IMO, Even the rise in ethereum is just a temporary thing.
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June 21, 2017, 10:53:33 AM
 #123

I think with respect to the news, the acceptance in stores and so on, bitcoin is still the leading crypto. It is now more a question for the future if we manage to achieve lower transaction fees and faster transaction confirmation processes. Bitcoin definitely has proven to offer the required security and reliability level to be the crypto of the future.

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June 21, 2017, 10:54:29 AM
 #124

Bitcoin is not declining as the top currency, it still has maintained itself as the top currency in the crypto universe and the most recognized and gaining the most complete adoption and recognition IMO, Even the rise in ethereum is just a temporary thing.
Its currently  declining and goes down slowly by this stage because huge amount of users are switching to altcoins now because of the issue of slow and big transactions fees which is the cause of declining in popularity

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Rahar02
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June 21, 2017, 10:56:17 AM
 #125

And why do you think bitcoin is being surpassed be Eth, could you please elaborate in more detail? In twenty four hours ethereum trading volumes passed bitcoin trading according to data from CoinMarketCap on tuesday. But I don't think that is sufficient "proof" that bitcoin is less popular all of a sudden. If Eth sustains higher trading volumes over a longer period, then maybe we can say Eth is provably more popular than bitcoin.  It is nowhere near it for now.

Agree, why many people stated that ethereum could surpass bitcoin as number 1 cryptocurrency due to small increases of eth, I mean bitcoin price at $2600 and ethereum still below $400, how could it compete with bitcoin prices? When segwit activated, then bitcoin price will skyrocket again, even before segwit be activated, people will trigger to invest on bitcoin. I just consider ethereum as an alternative, so it's called altcoins, used for trading purpose.

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June 21, 2017, 11:15:23 AM
 #126

Bitcoin will still be miles ahead of Ether. The little pull back noticed is as a result of some countries auctioning their Bitcoin stake(South Korea). Bitcoin will surely continue its upwards movement as more and more countries are working towards total acceptance as means of exchange.
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