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Author Topic: Demise of bitcoin under Eth  (Read 1894 times)
NUFCrichard
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June 16, 2017, 07:22:10 AM
 #41

I also don't really think that ETH is a competitor for Bitcoin, though it might well have a higher market cap in the near future.
ETH is basically a platform for setting up crappy ICOs, and if there is anything that people love in a bubble, it is crappy ICOs.

Instead of just one crappy ICO, ETH has lots of them, meaning you have to buy ETH to be involved in the party.  ETH isn't ever marketed as a currency, and a too high price isn't good for Ethereum either.

I was fine with the ETH/ETC hard fork, but the DAO failing is what makes me think that ETH will fail too.  Big companies will want to get involved in blockchain tech, but they won't be ETH based, they will just start their own.
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oegarod
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June 16, 2017, 08:06:18 AM
 #42

Bitcoin getting destructed and fall for ethereum's growth is never gonna happen. Ethereum might stay as the best altcoin for a long with its increased price than many other altcoins. Bitcoin is something that cannot get related as ETH too came following bitcoin as the base.
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June 16, 2017, 08:59:11 AM
 #43

What most people can't seem to understand is that Ethereum was never meant to replace Bitcoin. Both serve different purpose. Ethereum was neither created to be a store of value nor as a currency for micro-transactions. ETH is used to fuel the dapps that run on it. Saying Ethereum will replace bitcoin is like saying a debt fund will replace equity fund, they are not even in the same category.

Bitcoin's biggest competitor is Dash & Monero. Both of these coins do everything Bitcoin does & more in a far better, faster and anonymous way.
The majority of the people don't look at what the technical aspects are of each crypto currency as they only pay attention to their highly inflated prices.

If Ethereum increases with let's say 100% in one month, where Bitcoin remains stagnant, Ethereum according to them is better, plus that its market cap is another indication that Bitcoin will get replaced.

It's a twisted way of thinking, but that's how things go here. People are blinded by their own greed and don't see what is really important to focus on. Market caps and pumps mean absolutely nothing.

Dash and Monero are doing their thing, but even these coins are no real competitor. They offer great anonymity features, but people are still using these coins for speculation purposes, and that's basically it.

BSV is not the real Bcash. Bcash is the real Bcash.
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