Bitcoin may not be number one for long

[karasuri]

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.

You forget that the ethereum depends on bitcoin, so I do not think that someday there will be a moment that it will become higher than bitcoin.

[1715602519]

1715602519

[1715602519]

1715602519

[1715602519]

1715602519

[Caelanpelley]

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 future can be changed, bitcoin, too. Not just bitcoin, there are many other coins compete with each other, Bitcoin may not be the number one choice is inevitable can happen.I hope that will not happen.

[Kemarit]

I'm still waiting when this so called "flippening" will happened. Too much expectation on Ethereum really. Yeah, we can't predict the future but I'm not seeing this happening anytime soon. I know that ETH has been pumped really hard but I don't know the current price, but checking upon the price of bitcoin now, it is really going strong after a price swing a few weeks earlier. Those ICO's and Crowdsale are really putting cash on Ethereum but I don't know if that is sustainable in the long run that will make them the "king". But so far I haven't seen it happening.

[fullypak]

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 future can be changed, bitcoin, too. Not just bitcoin, there are many other coins compete with each other, Bitcoin may not be the number one choice is inevitable can happen.I hope that will not happen.

Yes we can not predict the future. Not only eth the other coin also competes with bitcoin in future. Untill and unless bitcoin become legal in all country there is no guarantee that bitcoin will stay in a top position of the digital currency. Definatly bitcoin will get competition in the future.

[bryant.coleman]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

[cjmoles]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

What do you mean the demand isn't as high as bitcoin's?  What variables are you looking at to determine that observation?  Their 24 hr volumes are virtually identical....their supplies are different, granted, but their demands are congruent in terms of dollars, right?

#   Name                           Market Cap                     Price              Circulating Supply         Volume(24h)     % Change(24h)
1   Bitcoin Bitcoin           $44,396,080,344          $2706.22            16,405,200 BTC         $1,301,000,000   -0.29%   
2   Ethereum Ethereum   $31,272,686,221            $337.34             92,704,309 ETH        $1,263,700,000    1.31%   

Source: https://coinmarketcap.com/

[Harlot]

Man stop thinking negative things about Bitcoin, because even if we think Ethereum is better than Bitcoin the rest of the world still does not know it in which their default knowledge about Cryptocurrency is Bitcoin at best, meaning if they get interested with Cryptocurrency they will more likely use Bitcoin instead of some other Altcoin. Right now it is hard to contend as the #1 Cryptocurrency because the market for all of them is still young and Bitcoin still has a lot of time to grow its demand.

[deisik]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

What do you mean the demand isn't as high as bitcoin's?  What variables are you looking at to determine that observation?  Their 24 hr volumes are virtually identical....their supplies are different, granted, but their demands are congruent in terms of dollars, right?

#   Name                           Market Cap                     Price              Circulating Supply         Volume(24h)     % Change(24h)
1   Bitcoin Bitcoin           $44,396,080,344          $2706.22            16,405,200 BTC         $1,301,000,000   -0.29%   
2   Ethereum Ethereum   $31,272,686,221            $337.34             92,704,309 ETH        $1,263,700,000    1.31%   

Source: https://coinmarketcap.com/

I don't know how much we can get out of that

It is not even clear how and where they get these numbers. For example, Litecoin is priced at over 47 dollars per coin at coinmarketcap (which is more than 50 times less than the current price of Bitcoin, for a moment) while its 24 hour volume is 475 million dollars, i.e. under three times less than either Bitcoin or Ethereum. As to me, there is something very fishy about these stats. More specifically, to get that high volume Litecoin with its price that small should be traded (475/1273)×(2704.76/47.37) =>21 times more than Bitcoin in US dollars, i.e. for each 1 dollar of bitcoins traded (either bought or sold) there should be 21 over dollars of litecoins traded. This is bullshit

[Kateryna_Oli]

I don't think so.
However, there are more and more new technology adoptions and even more Venture Capitals as well as Hedge Funds backing Bitcoin, which is pushing the Bitcoin Price higher and higher. There is just limited number of Bitcoins available. When Bitcoin Mining will come to its end, that is the time Bitcoin Price will start flying high!

[MMA]

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 future can be changed, bitcoin, too. Not just bitcoin, there are many other coins compete with each other, Bitcoin may not be the number one choice is inevitable can happen.I hope that will not happen.

in fact no one can say anything about the future of bitcoin but if we compare the price of bitcoin with other crypto currencies we ca say that bitcoin has a great potential to remain as number one currency of the world for a long long. the number of bitcoin users are increasing so much as compare to other crypto currencies and i am sure that this trend of increasing number of bitcoin users will continue for a long time because still a negligible number of people have adopt bitcoin.

[cjmoles]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

What do you mean the demand isn't as high as bitcoin's?  What variables are you looking at to determine that observation?  Their 24 hr volumes are virtually identical....their supplies are different, granted, but their demands are congruent in terms of dollars, right?

#   Name                           Market Cap                     Price              Circulating Supply         Volume(24h)     % Change(24h)
1   Bitcoin Bitcoin           $44,396,080,344          $2706.22            16,405,200 BTC         $1,301,000,000   -0.29%   
2   Ethereum Ethereum   $31,272,686,221            $337.34             92,704,309 ETH        $1,263,700,000    1.31%   

Source: https://coinmarketcap.com/

I don't know how much we can get out of that

It is not even clear how and where they get these numbers. For example, Litecoin is priced at over 47 dollars per coin at coinmarketcap (which is more than 50 times less than the current price of Bitcoin, for a moment) while its 24 hour volume is 475 million dollars, i.e. under three times less than either Bitcoin or Ethereum. As to me, there is something very fishy about these stats. More specifically, to get that high volume Litecoin with its price that small should be traded (475/1273)×(2704.76/47.37) =>21 times more than Bitcoin in US dollars, i.e. for each 1 dollar of bitcoins traded (either bought or sold) there should be 21 over dollars of litecoins traded. This is bullshit

The litecoin market is brutal....it trades much faster and much more fluid than bitcoin.  In fact, if you're not an expert cryptocurrency daytrader, my advice is to stay away from the litecoin market....it swings, it swings in big chunks, and it swings fast!

[deisik]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

What do you mean the demand isn't as high as bitcoin's?  What variables are you looking at to determine that observation?  Their 24 hr volumes are virtually identical....their supplies are different, granted, but their demands are congruent in terms of dollars, right?

#   Name                           Market Cap                     Price              Circulating Supply         Volume(24h)     % Change(24h)
1   Bitcoin Bitcoin           $44,396,080,344          $2706.22            16,405,200 BTC         $1,301,000,000   -0.29%   
2   Ethereum Ethereum   $31,272,686,221            $337.34             92,704,309 ETH        $1,263,700,000    1.31%   

Source: https://coinmarketcap.com/

I don't know how much we can get out of that

It is not even clear how and where they get these numbers. For example, Litecoin is priced at over 47 dollars per coin at coinmarketcap (which is more than 50 times less than the current price of Bitcoin, for a moment) while its 24 hour volume is 475 million dollars, i.e. under three times less than either Bitcoin or Ethereum. As to me, there is something very fishy about these stats. More specifically, to get that high volume Litecoin with its price that small should be traded (475/1273)×(2704.76/47.37) =>21 times more than Bitcoin in US dollars, i.e. for each 1 dollar of bitcoins traded (either bought or sold) there should be 21 over dollars of litecoins traded. This is bullshit

The litecoin market is brutal....it trades much faster and much more fluid than bitcoin.  In fact, if you're not an expert cryptocurrency daytrader, my advice is to stay away from the litecoin market....it swings, it swings in big chunks, and it swings fast!

I'm trading Litecoin specifically

That's why I find this data very suspicious. Just in case, I'm at Bitfinex, and while I certainly agree that the price swings might be "brutal" (or even fatal to some), they in fact confirm that there simply cannot be so much liquidity to provide that volume (and you can't gather hundreds of millions of daily volume with small trades). Liquidity always works against volatility (and vice versa). I don't really know how much Bitfinex "weighs" in terms of Litecoin volume (compared to other exchanges), but it is the largest Bitcoin exchange out there, so in respect to Litecoin it shouldn't be very far either. Strictly speaking, I can't even say that Litecoin is somehow a lot more fluid than Bitcoin, though the market is definitely thinner

[SvenBomvolen]

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.

As I remember many users were predicting the role of the next strongest crypto-currency to Litecoin, but Etherum made 300% growth just during the latest month and it's really perspective. I am agree that this bull run can lead forever and Etherum is waiting for a new fall. That's the law of the market of digital currencies and we can't do anything with that.

If to talk about Bitcoin I think there is a truly opporunity to be replaced by more modern and effective crypto-currency. But I will not make any prediction when will it happen.

[vikkyzenna]

I think it's worth the wait, and do not make hasty conclusions. Because all systems are being improved. And it is unlikely that bitcoin will be lower. Competition always involves qualitative changes. So we'll see.

[Rizky Aditya]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right bitcoin will always be bitcoin and yes it is the first crypto currency in the digital world and as compare to bitcoin ethereum is like the newest crypto currency and it has nothing to compete with bitcoin because looking at the price of bitcoin it is the number#1, looking at the popularity of bitcoin it is the first and also some countries has legalize bitcoin which prove that bitcoin will remain number 1 for long time.

[cjmoles]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

What do you mean the demand isn't as high as bitcoin's?  What variables are you looking at to determine that observation?  Their 24 hr volumes are virtually identical....their supplies are different, granted, but their demands are congruent in terms of dollars, right?

#   Name                           Market Cap                     Price              Circulating Supply         Volume(24h)     % Change(24h)
1   Bitcoin Bitcoin           $44,396,080,344          $2706.22            16,405,200 BTC         $1,301,000,000   -0.29%   
2   Ethereum Ethereum   $31,272,686,221            $337.34             92,704,309 ETH        $1,263,700,000    1.31%   

Source: https://coinmarketcap.com/

I don't know how much we can get out of that

It is not even clear how and where they get these numbers. For example, Litecoin is priced at over 47 dollars per coin at coinmarketcap (which is more than 50 times less than the current price of Bitcoin, for a moment) while its 24 hour volume is 475 million dollars, i.e. under three times less than either Bitcoin or Ethereum. As to me, there is something very fishy about these stats. More specifically, to get that high volume Litecoin with its price that small should be traded (475/1273)×(2704.76/47.37) =>21 times more than Bitcoin in US dollars, i.e. for each 1 dollar of bitcoins traded (either bought or sold) there should be 21 over dollars of litecoins traded. This is bullshit

The litecoin market is brutal....it trades much faster and much more fluid than bitcoin.  In fact, if you're not an expert cryptocurrency daytrader, my advice is to stay away from the litecoin market....it swings, it swings in big chunks, and it swings fast!

I'm trading Litecoin specifically

That's why I find this data very suspicious. Just in case, I'm at Bitfinex, and while I certainly agree that the price swings might be "brutal" (or even fatal to some), they in fact confirm that there simply cannot be so much liquidity to provide that volume (and you can't gather hundreds of millions of daily volume with small trades). Liquidity always works against volatility (and vice versa). I don't really know how much Bitfinex "weighs" in terms of Litecoin volume (compared to other exchanges), but it is the largest Bitcoin exchange out there, so in respect to Litecoin it shouldn't be very far either. Strictly speaking, I can't even say that Litecoin is somehow a lot more fluid than Bitcoin, though the market is definitely thinner

Well....Poloniex has a daily litecoin volume around 5 times as large as bitfinex and OKCoin's daily litecoin volume is around 20 times larger....there are other's in the top 10 also....Some exchanges favor different coins.  Poloniex is a much larger exchange in terms of BTC volume compared to Bitfinex, yet OKCoin, which has a smaller BTC volume then Bitfinex, has the largest litecoin volume of them all, by far.

Source: https://coinmarketcap.com/currencies/litecoin/#markets  and  https://coinmarketcap.com/currencies/bitcoin/#markets

[robelneo]

I'd like to be more objective but the gap is closing in between bitcoin and ethereum but I still believe that there will be a good consensus that will fix whatever problem bitcoin is facing now, the only problem is just picking the right fix that everybody can agree upon.

[whizter]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right bitcoin will always be bitcoin and yes it is the first crypto currency in the digital world and as compare to bitcoin ethereum is like the newest crypto currency and it has nothing to compete with bitcoin because looking at the price of bitcoin it is the number#1, looking at the popularity of bitcoin it is the first and also some countries has legalize bitcoin which prove that bitcoin will remain number 1 for long time.

no one know about the future that what is going to happen to bitcoin or any other currency, but if we study bitcoin and some other good potential crypto currencies we come to the conclusion that bitcoin will remain as number one for a long long time, because still the community of bitcoin is more than any other crypto currency, and on other side the popularity of bitcoin is also increasing more than any other crypto currency.

[doomloop]

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because  bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

yes of course we all know that ethereum cannot replace bitcoin in future because tbitcoin value is very much high and also the price of bitcoin is very much high and ethereum price is very much less than bitcoin and also the adoption of bitcoin is very much high and if the bitcoin get more progress and countries adopt it then it will the number one currency for long time.

[Blackwhite69]

Maybe yes maybe no because akan datang waktu coin lain mendapatkan nomor 1