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Author Topic: Bitcoin may not be number one for long  (Read 28297 times)
thesavoyard (OP)
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June 18, 2017, 02:32:16 PM
 #221

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.

you do know that price isn't a measurement of rank, it's market cap that matters.

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June 18, 2017, 02:57:17 PM
 #222

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.

you do know that price isn't a measurement of rank, it's market cap that matters.

Even with market caps can be manipulated, and a fact is that there is much more ethereum coins then bitcoins. Now  I'm not some expert but I read a lot about this war between ethereum and bitcoin, here on social networks also, there is many graphics and pictures about how eth is closer to bitcoins then it was any coin before. I think its more propaganda then actual truth, I'm trying to be neutral and to not give any predictions. In a beginning people were saying how eth is one big scam, here we are now eth worth a lot. I don't like the fact that eth dev have all the power in his hands, and some other things about eth but price is rising and they big plans for the future. With bitcoins situation is going in wrong direction, transactions are slow fees are too high and maybe cause of that we see rise of eth.



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June 18, 2017, 03:41:06 PM
 #223

I hope bitcoin so always the main one,
Because for the future  bitcoin is very able to be used as future money,
It's in my opinion .... Smiley
We would really hope that bitcoin would really be still on the top for longer years as of now but possibilities of getting replaces would really be always there. Bitcoin might experiencing problems as of now but still people do really love to use it.Checking the community of entire bitcoin network i could say that bitcoin do still remain on the spot.

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June 18, 2017, 03:58:12 PM
 #224

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.

you do know that price isn't a measurement of rank, it's market cap that matters

And how does it matter?

Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly

thesavoyard (OP)
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June 19, 2017, 06:40:38 AM
 #225

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.

you do know that price isn't a measurement of rank, it's market cap that matters

And how does it matter?

Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly

I've never been much of a fan of ethereum but I have to face the music. It is being used by some tech giants. It does have a real-world use that drives its value. Although I agree that the ICO scams may cause a price dip, I see it as less dependent on bad actors than BTC was in 2013.

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June 19, 2017, 06:46:09 AM
 #226

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.

you do know that price isn't a measurement of rank, it's market cap that matters

And how does it matter?

Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly

I've never been much of a fan of ethereum but I have to face the music. It is being used by some tech giants. It does have a real-world use that drives its value. Although I agree that the ICO scams may cause a price dip, I see it as less dependent on bad actors than BTC was in 2013.
As the mate explained the market capital of ethereum is the one that causing a price increase and the same doesn't hold the power of taking the lead position in the cryto market. What's happening is just because of the circulation happening with more coins getting locked as well the increasing number of projects functioning on the ethereum platform.

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June 19, 2017, 08:19:23 AM
 #227

Well it can be for sure? Lol but definitely it can..... I can see some future about in Ethereum (ETH) that can be the next #1 cryptocurrency in the world. But ethereum just usefull because there's so many using it like in ICO's that successfully increase it's market cap and still increasing
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June 19, 2017, 10:45:11 AM
 #228

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
The only problem with bitcoins is the high transaction fee.Other than that,there is no security issue about over investment being hacked.Since it is pseudo anonymous,governments would not find problem in legalizing it since transactions could be easily traced out.No other altcoin has the potential to replace bitcoin.

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June 19, 2017, 11:18:18 AM
 #229

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
No. bitcoin will still be the number 1 coin we ever had. If ethereum will surpass bitcoin it will be just an overvalued because the investors shifting from bitcoin to ethereum but will surely come back when the problem resolved.
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June 19, 2017, 11:25:22 AM
 #230

Well it can be for sure? Lol but definitely it can..... I can see some future about in Ethereum (ETH) that can be the next #1 cryptocurrency in the world. But ethereum just usefull because there's so many using it like in ICO's that successfully increase it's market cap and still increasing
yes i am also sure it will remain as number, because bitcoin has the potential to remain as number one, then most number of any crypto coin is  belong to bitcoin which is always making it number and its number are also increasing so rapidly..
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June 19, 2017, 12:18:12 PM
 #231

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.

you do know that price isn't a measurement of rank, it's market cap that matters.
Yeah, I guess, there is a lot of things that we should consider to know what will take the lead on the next years but still, I'm still on Bitcoin, no matter what. Its solidity for the past 8 years (correct me if I'm wrong) is enough for me not to doubt its capability anymore. Since we do have our own opinions about this, I respect yours. Let's just see which one who is going to take the lead. Smiley
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June 19, 2017, 01:27:44 PM
 #232

...snip....

Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly

Deisik,  very perceptive!  I see the ICO's that are out there as short term beneficial to Etherums rise, but long term; when ICO's scams start to cause an exodus, it will cause flash-crashes. I see many ICO's that basically are vapor-ware and clearly done by guys with no relevant experience, no team and can't even get a copywriter.    Can you (or someone else), explain how Etherum coins are locked? Do you mean in contracts for founders and in other long-term contracts?

That said; I honestly see Etherum as being better on so many levels; faster, no tx queue, smart contracts (with problems and all), large industry players adopting it.  I think Etherum can overtake Bitcoin, and soon, but there is a grave concern for me with all these ICO scams going on.


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June 19, 2017, 01:47:24 PM
 #233

Precisely, That will happen in near future but in my opinion bitcoin will became always the number one in case of the achievement and adoption that has been made in the internet and even the real world bitcoin will be number one in the marketcap but in terms of achievement and investors the bitcoin will be always the number one.
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June 19, 2017, 02:21:04 PM
 #234

That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.

So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.
Yes it will be stay as number one for long because maybe they can find another one which is better than bitcoin. No one knows what will going to happen next. It is possible that another cryptocurrency will rise and replace bitcoin as a number one.

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June 19, 2017, 02:33:09 PM
 #235

Bitcoin can be the main thing because bitcoin can be made for future savings.In a long time. Because bitcoin will never go bangkrupt.
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June 19, 2017, 02:56:03 PM
 #236

That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.

So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.
Yes it will be stay as number one for long because maybe they can find another one which is better than bitcoin. No one knows what will going to happen next. It is possible that another cryptocurrency will rise and replace bitcoin as a number one.
The possibilities are there other digital currency may replace bitcoin. But as per now, there is no other currency near to touch bitcoins. It went a long way, and it keeps on moving. So I think no other altcoins will replace bitcoin. This is just my opinion. But ETH is actually giving a good fight to bitcoin. Within a short period, it improved a lot. Let's see what happen in future.
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June 19, 2017, 03:04:18 PM
 #237

That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.

So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.
Yes it will be stay as number one for long because maybe they can find another one which is better than bitcoin. No one knows what will going to happen next. It is possible that another cryptocurrency will rise and replace bitcoin as a number one.

I doubt that bitcoin can be replaced as number one cryptocurrency.  But of course it could happen but not so soon.  Every cryptocurrency that rises today, all its price are based on bitcoin.  If ever there would be a digital currency that would beat bitcoin in many aspect of it, that could be a digital currency made by Satoshi.  Maybe a new improved bitcoin. 
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June 19, 2017, 04:15:04 PM
 #238

Today, Ethereum's value is 81.5% of Bitcoin's value

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reflector
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June 19, 2017, 04:18:36 PM
 #239

Well it can be for sure? Lol but definitely it can..... I can see some future about in Ethereum (ETH) that can be the next #1 cryptocurrency in the world. But ethereum just usefull because there's so many using it like in ICO's that successfully increase it's market cap and still increasing


This plan is making by the world business politics. That's why are introducing ETH and implementing many projects in Etherum smart projects. If you wish to stop this thing. Satoshi should come out and own the copyrights of blockchain technology. Then ETH will be still under control, may next to bitcoin not first rank.
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June 19, 2017, 04:34:58 PM
 #240

Why not???
I don't think so, Bitcoin is becoming a profitable sector of investment and saving, people are going to be involved in this platform nowadays, day by day Bitcoin is getting more acceptable and credible, so it is just a matter of time to become number one for long..so keep calm and use Bitcoin..
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