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Author Topic: So....Bitcoin the new alt Eth the main?  (Read 1825 times)
Flodemaga
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May 31, 2017, 02:52:03 PM
 #41

Eth is used for trading purposes, but well its growing very well i do remember this coin being traded at 300k satoshis, nowadays its around 10% bitcoin value, soo there is some kind of interest with it, maybe people dreaming it can do the same as bitcoin. While bitcoin is having a lot issues to handle being one the current block size issue, that is pushing fees to high, something that should happen when the mining would be over and not before.

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May 31, 2017, 02:58:45 PM
 #42

I don't think it will happen. When people hear about Crypto-Currency the first thing that comes to their mind is Bitcoin. Bitcoin is the main currency among all and it won't be easy to change. ETH can have a good reputation already and many people using it, but needs much more to be stronger than Bitcoin. Anyway, it's a good strategy to always have some ETH too for future or trading purposes.

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May 31, 2017, 03:02:12 PM
 #43

I see a lot of euphoria around Ethereum, I would be more cautious. Right now they have two challenges ahead, one is the transaction fees that are getting higher, the other is the project to bring smart contracts to bitcoin. In addition to this Ethereum is still quite far from Bitcoin in terms of adoption and usability.

NEM/XEM is the coin designed to be a currency that is highly scalable with low fees. That's why I'm holding that as opposed to Ethereum which can  do 15 transactions per second vs Catapult/Mijin doing 2000+, albeit that number is less in the wild versus in a controlled closed environment.  As for smart contracts, I'm tired of hearing the term. There are 50 other altcoins out there they can do smart contracts...  Bitcoin should focus on scalability first if it wants to survive.  Faster confirmation times... lower fees.. the mining rhinos that want to control things need to be kicked to the curb. The market is doing it for them.

http://mijin.io/en/about-mijin

I'm also bucking the trend and purposely looking for at least partially closed source projects.  Opening up the source code for anyone to use is just stupid from a business and investment standpoint.  It's why we have so many coins which can all do the same thing that are clones of one another.  No corporation would give away it's trade secrets or other copyrighted/trademarked data for anyone to simply copy and use as they please.. it's madness.

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imeetup
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May 31, 2017, 03:10:01 PM
 #44

Its very possible since eth has a bigger coins in circulation compared to bitcoin. As of now, bitcoin is still the number one in terms of market capitalization. What the Eth had surpassed from bitcoin is the daily trading volume. In coinmarketcap Eth is at $1,581,960,000 volume in 24 hrs while bitcoin is at $1,440,320,000.

It's amazing that it has finally come to that. I like bitcoin, it still builds on the advantage of being first, but it can't compete with the innovations coming from ETH at this point.

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May 31, 2017, 03:11:35 PM
 #45

I don't think it will happen. When people hear about Crypto-Currency the first thing that comes to their mind is Bitcoin. Bitcoin is the main currency among all and it won't be easy to change. ETH can have a good reputation already and many people using it, but needs much more to be stronger than Bitcoin. Anyway, it's a good strategy to always have some ETH too for future or trading purposes.

It will not be changed, because it is constantly evolving, regardless of the situation, bitcoin always has a big advantage over all other currencies.

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June 01, 2017, 01:26:11 AM
 #46

It looks like actors in the BTC sphere have thrown their crown away.....

It seems ETH will become the largest market cap now....its pretty much a forgone conclusion, and despite the paucity of that measure, its the one that sticks in peoples minds and become as self fulfilling prophecy.

Whether ETH will retain that position is a different question.

Well done BU, well done Core.

That is quite an understatement for bitcoin, but for now lets see what will happen, because somehow btc can change the flow of the market, but no matter what happens I will still stick with bitcoin tho.

I would stick to bitcoin too and also I have eth on some sort of investment, since this is also a very promising one. still, I am monitoring eth since there are already tokens added on this platform.Also, transaction fee are rising when Eth price is rising. This is another setback in my opinion.

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