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Author Topic: Bitcoin may not be number one for long  (Read 28298 times)
yogaantoni
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June 12, 2017, 05:25:46 PM
 #81

That may be true. But I do not believe Ethereum will last long. Sooner or later the price has to go down just because that's what the market is doing.

Now the growth of ETH is growing rapidly, it will become competence. And based on this always bitcoin stands first.

But look at the current transaction fees. If the problem in transaction costs will not be solved then maybe it will happen quickly
Vishnu.Reang
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June 12, 2017, 05:45:51 PM
 #82

That may be true. But I do not believe Ethereum will last long. Sooner or later the price has to go down just because that's what the market is doing.

Now the growth of ETH is growing rapidly, it will become competence. And based on this always bitcoin stands first.

But look at the current transaction fees. If the problem in transaction costs will not be solved then maybe it will happen quickly

The basic issue remains. The number of unconfirmed transactions might have decreased, but as the user-base expands, this issue can once again become active. And other crypto-currencies such as Ethereum and Ripple are making the maximum advantage out of this situation. The future looks bleak. We may never have a consensus, and the situation will remain in a state of suspended animation.
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June 12, 2017, 05:55:21 PM
 #83

Now I have another theory, LTC has 2 minutes block time and has a very low transaction fee but why no body showing any interest? I might know why, they don't control LTC supply to be able to manipulate it.

I wouldn't say that no one is interested in Litecoin

It might have been true in the past when Litecoin had essentially been the same Bitcoin, Bitcoin copycat on juice, but since Bitcoin was (and still is) mostly used for speculation, low (or high) fees don't matter a lot at the large scale. Now that Litecoin has SW and LN when Bitcoin faces potential chain split, a lot more people may finally get interested in this coin. So if people turn away from Bitcoin for whatever reason, they will most likely end up with Litecoin
Litecoin has already had a really good run and I'm also kinda positive about the fact that the price hasn't risen in a way that screams bubble, now it's sitting fairly stable at around $25 - $30.
If you check out what's still planned for development, you'll see that there are still a lot of features that are going to be added.

You can check out the 2017 roadmap for Litecoin here:
https://litecoincore.org/

Thanks for the link

So far Litecoin has been tightly following Bitcoin, minor aberrations and discrepancies aside. I'm closely watching Litecoin prices and waiting for a sort of "tipping point", i.e. when Litecoin gets completely decoupled from Bitcoin (we are not there yet). That's when, for example, Bitcoin price crashes massively while Litecoin mostly remains at the same level or even rises. The latter case, if consistent, would likely mean that people dump Bitcoin and move to Litecoin

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June 13, 2017, 03:36:11 AM
 #84


Yeah... I also don't understand the mad rise in Ethereum exchange rates. The number of users for that currency is much lower than that with Bitcoin. And in addition to that, every now and then new bugs are being discovered. Apart from the faster confirmations, there is nothing in Ethereum which justifies a market capitalization of $40 billion.
lol.  You don't understand?  I'll make it so easy a moron like you will get it.  Ethereum is a Swiss army knife, Bitcoin is a toothpick.  Ethereum market cap with be twice as high as Bitcoin by Jan 1, 2018.

Yeah... Keep dreaming. You want Ethereum to look like a Swiss army knife. But in reality, it is a cheap replica which doesn't have the same quality. Do you know how many bugs have been found with Ethereum lately? And what about the Ether robbery from the DAO? First they need to take care of their own issues, before taking on BTC.
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June 13, 2017, 04:16:34 AM
 #85

Nothing seems a problem with bitcoin, right now ethereum has made a big growth. This makes people think that bitcoin might go down in value. But the reality is that more the growth experienced, more will be the competence and based on this always bitcoin stands first.
ufaiz50
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June 13, 2017, 04:18:14 AM
 #86

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.
I don't think so because we know when convert altcoin into fiat we have to exchange with bitcoin first and for some factor bitcoin is still the first. the one that start will always be the first.

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June 13, 2017, 04:20:17 AM
 #87

Look at the market cap chart and we will see what are happening in the cryptoworld:
 Bitcoin   $43,680,739,080   
Ethereum   $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize

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Herbert2020
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June 13, 2017, 04:28:37 AM
 #88

we all know bitcoin is not going to stay number one forever, that is not news to us.
but we also know that none of the altcoins that exist today have the necessary usefulness to be able to compete with bitcoin. and most of them have horrible scaling issues and lots of bugs (including ethereum) that will prevent them from ever gaining any foothold outside of exchanges and outside of trading world.

Look at the market cap chart and we will see what are happening in the cryptoworld:
 Bitcoin   $43,680,739,080   
Ethereum   $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize

i am looking at them, ethereum still has to gain an additional $268,709,492,115 to be able to beat number 1 coin in the list. and the number 1 is not even bitcoin Cheesy
https://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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June 13, 2017, 04:30:46 AM
 #89

Bitcoin has increased 150% this year while ethereum has increased over 3000%, hence the market cap gap between the two currencies have narrowed. The question now would be if ethereum can sustain that kind of momentum and will it really be able to overtake bitcoin, considering it has its own issues to face. Unless the issues bitcoin is facing gets resolved, that gap in market cap is slowly going to be smaller and smaller because all these bitcoin scaling debate is just continuously going to favor ethereum and other alt coins.
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June 13, 2017, 04:33:22 AM
 #90

Yes, I never said bitcoin will be number 1 for next 50 years. Any coin could take its place if that has more potential than that of Bitcoin but I don't see any coin at the moment (even ETH), has that ability to take over bitcoin's position. There are many aspects behind this opinion and mainly it includes user base, market capital and the goodwill.
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June 13, 2017, 04:34:25 AM
 #91

In this 8-9years of time no altcoins or some other coins have got the potential to overcome the growth of bitcoin, even after functioning following the same technology of bitcoin. So in the falling days too bitcoin won't be defeated by any of the digital assets and currency. It serves to be the best and the leader to the digital currency.

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virtualdn
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June 13, 2017, 04:35:43 AM
 #92

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

1 BTC = 1 BTC
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June 13, 2017, 04:49:49 AM
 #93

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
agree...
bitcoin will remain bitcoin but bitcoin will also gain the best position in this virtual world, already bitcoin is getting legal currency in Japan, hopefully, it will be spread out among the whole world in the future, I think one day, bitcoin will be the number one...
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June 13, 2017, 04:57:38 AM
 #94

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
Well, it can not replace bitcoin but in somehow, it can become the number one crypto on the chart. Bitcoin will still remain bitcoin even if the price is less than $1
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June 13, 2017, 05:03:23 AM
 #95

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
agree...
bitcoin will remain bitcoin but bitcoin will also gain the best position in this virtual world, already bitcoin is getting legal currency in Japan, hopefully, it will be spread out among the whole world in the future, I think one day, bitcoin will be the number one...


bitcoin virtual currency has become number one and this coin has the potential to continue to be the next virtual money monarch in the future, but to replace the fiat will still be a long debate because indeed the transition will happen will trigger instability fiat. When compared with japan, xrp also has started pair with jpy, so the potential of altcoin to cut bitcoin is also very large. Nothing can survive in this world except innovation and technology development.

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June 13, 2017, 05:42:42 AM
 #96

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
Sorry Paluka, it already has replaced Bitcoin.  You are just too dumb to understand why.  You'll catch up in a year or two. 

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June 13, 2017, 06:45:44 AM
 #97

This is what happens when something with incredible potential is gifted to a bunch of incompetent, squabbling caretakers, with agendas powered by ego and greed.  You should be ashamed of yourselves!

If it weren't for all the bickering, infighting, fragmenting factions, endless scalability debates, miner stubbornness, ASIC boosting scandal and everything else in between, ETH wouldn't be anywhere near BTC in terms of market cap or traction.

The ego and greed has secured Bitcoins undoing, and ETH is likely to be the first of many to surpass it.

ETH does ONE thing better than BTC, it has a better, almost turing complete scripting language....that's it.  

Compared to what Bitcoin brought to the table, it's not worthy of that #1 spot.  

In fact none of the current crop of alternatives are IMO, they haven't moved the status quo anything like Bitcoin has and it'll take something really special to do that again.

After learning of Bitcoin in 2011, and being engaged with this space since mid 2012, I'm quite disgusted and in sheer disbelief that we are now facing this reality when there is NO rational reason for it.

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June 13, 2017, 06:48:34 AM
 #98

Quote
Ethereum is under a massive bubble due the ongoing ICO frenzy where everyone wants to buy into the next %1000+ performer. They all need ETH to buy into those ICOs.

Yes, there is a reason many ICO's want to be paid for in ETH now. They believe it is the best platform for their market. Their tech is based on it.

Forget about arguing which is best and buy both.

Simple.

Hold one - lose on the other.

Hold both - win on one or both.


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June 13, 2017, 06:52:58 AM
 #99

I hope BTC is here to stay. my reserves of BTC ought to sty strong... Btc splitting? Why, isnt that just a rumour? And etherum taking lead? Thanks, but no. LTC is a better alternative.
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June 13, 2017, 07:34:49 AM
 #100

Bitcoin can be the best possible because its creator, satoshi nakamoto, does not know its existence, so nobody monopolizes bitcoin, everyone is free to use and mined bitcoin, different from other altcoin, i think bitcoin will remain number one for eternity
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