True or false: Ethereum is a bubble, bitcoin is not

[Hyena]

die Ethereum die. worst coin ever 
oh happy day, been saying this all the time, now is the time when hyena gets to smear it on the faces of all those delusional eth fanboys
eth was from scratch the refuge of butthurt people who didn't buy btc when it was cheap.

if you have sold your eth and made a lot of money on it, then congratulations. there's nothing wrong in making smart trades and growing your wealth like that.

flippening will still happen though --- the flippening of ETH and ETC 

[aliashraf]

False!

Ethereum is proving itself to be what it meant to be: a smart contract infrastructure. Recent increase in ETH price was because of the ICOs gathering almost a $billion or so in the past month. For this fundings,  people had to 'buy' ETH, it is not a bubble, it is actual demand. Now this ICOs are trying to exchange their 'income' to finance the projects or just to spend a little more, it is where the trouble begins, there is no more demands. Looks like a ponzi scheme, but it is not. It is a whole new phenomenon that I have not studied its every details and the market is just experiencing it.

On the other side, bitcoin is transforming from a currency(its promise) to a digital asset with a limited supply. This is new too, a failed currency becoming an asset, like an antique coin in a collection, It will preserve the value as long as there are collectioners out there competing for the possession. It is not a bubble too.

[Herbert2020]

False!

Ethereum is proving itself to be what it meant to be: a smart contract infrastructure. Recent increase in ETH price was because of the ICOs gathering almost a $billion or so in the past month. For this fundings,  people had to 'buy' ETH, it is not a bubble, it is actual demand. Now this ICOs are trying to exchange their 'income' to finance the projects or just to spend a little more, it is where the trouble begins, there is no more demands. Looks like a ponzi scheme, but it is not. It is a whole new phenomenon that I have not studied its every details and the market is just experiencing it.

not at all.
ethereum failed at smart contracts multiple times. DAO exploited it easily, another one caused a Canadian exchange lose 14 million dollar, recently the smart contracts caused the network to fail and get clogged up to the extent that caused all the transactions to be delayed.

as you said but partly backwards, there is no real demand, the demand was from those ICOs that forced people to buy ETH tokens and cause the bubble.

and many of the ICOs have not yet even started selling their tokens to cause the real dip. this drop is mostly because of the fails of last weak combined with bitcoin price falling, because any time bitcoin goes down all the altcoin go with it.

[Hyena]

False!

Ethereum is proving itself to be what it meant to be: a smart contract infrastructure. Recent increase in ETH price was because of the ICOs gathering almost a $billion or so in the past month. For this fundings,  people had to 'buy' ETH, it is not a bubble, it is actual demand. Now this ICOs are trying to exchange their 'income' to finance the projects or just to spend a little more, it is where the trouble begins, there is no more demands. Looks like a ponzi scheme, but it is not. It is a whole new phenomenon that I have not studied its every details and the market is just experiencing it.

not at all.
ethereum failed at smart contracts multiple times. DAO exploited it easily, another one caused a Canadian exchange lose 14 million dollar, recently the smart contracts caused the network to fail and get clogged up to the extent that caused all the transactions to be delayed.

as you said but partly backwards, there is no real demand, the demand was from those ICOs that forced people to buy ETH tokens and cause the bubble.

and many of the ICOs have not yet even started selling their tokens to cause the real dip. this drop is mostly because of the fails of last weak combined with bitcoin price falling, because any time bitcoin goes down all the altcoin go with it.

ETH is getting mauled by new kids in the block. Byteball has way better smart contracts because in Byteball you don't have to be even a programmer to make your own smart contracts, it's been made so easy for the end users who need rather simple contracts anyway. no one is going develop an operating system on the ethereum vm. it was a nice experiment and it failed. time to be mature about it and move on to other more promising projects.

[semaforo]

flippening will still happen though --- the flippening of ETH and ETC  

[aesma]

I see I'm not the only one not bothering with ETH. I wish I had bought some hundreds at 10$ though, and sold at 300$, what a gain that would have been !

[Vishnu.Reang]

I see I'm not the only one not bothering with ETH. I wish I had bought some hundreds at 10$ though, and sold at 300$, what a gain that would have been !

That happened with most of the crypto-currencies. If you remember, in 2010, the price of Bitcoin was just around $0.001 per coin (as per the exchange rates from New Liberty Standard, the only Bitcoin exchange of that time). The rates went up to $0.10 per coin later that year and in 2013 BTC attained a peak valuation of $1,230 per coin. The increase was even higher than that with Ether.

[Vika0170]

I see I'm not the only one not bothering with ETH. I wish I had bought some hundreds at 10$ though, and sold at 300$, what a gain that would have been !

That happened with most of the crypto-currencies. If you remember, in 2010, the price of Bitcoin was just around $0.001 per coin (as per the exchange rates from New Liberty Standard, the only Bitcoin exchange of that time). The rates went up to $0.10 per coin later that year and in 2013 BTC attained a peak valuation of $1,230 per coin. The increase was even higher than that with Ether.

It seems to me that every coin has such a period of sharp price growth. And after such a jump, the price grows slowly. But this does not mean that such a coin to buy late. This means that it is suitable for long-term investment

[Wind_FURY]

Why? How? What's the obvious symptoms of bubble that you're seeing? Or more importantly, why do you think Ethereum isn't worthy of it's current value?

over 40x increase in a handful of months. icos that no one understands selling out in seconds. r/ethtrader filled with thousands of posts a day about buying lambos.

does any of that smell like business as usual?

It smells like it is time to get out and lock the profits. News has it that deposits and withdrawals of some ICO tokens were disabled by the exchanges because Ethereum's backlog is getting too large.

not the ICos but the ethereum itself. they have disabled all the deposits and withdrawals of ETH because ethereum blockchain apparently has so many problems right now and transaction delays are getting very long.

and you will never hear the failures of ethereum on the main board, you just keep hearing the words flippening and big market cap! and all the while price of ether is dropping hard!

That is a bad sign. But those newbies in Ethereum will learn the truth sooner or later and find out they have been decieved by the shills trying to pump the price.

It is time for everyone to realize that Ethereum has not reached the level of Bitcoin's adoption and yet it has worse problems at scaling.

[Auxi]

Yep, but actual price will be low in a few years

[Raja_MBZ]

Both are in bubbles, but Ethereum is in big one while bitcoin is in small one. As soon as they'll burst, bitcoin might climb down to $1500 but Ethereum will go all the way downhill to $100.

[BTCLovingDude]

Both are in bubbles, but Ethereum is in big one while bitcoin is in small one. As soon as they'll burst, bitcoin might climb down to $1500 but Ethereum will go all the way downhill to $100.

going down to $1500 is nearly -50% drop from the ATH. so you either say bitcoin is in a huge bubble which needs to burst and go down to $1500 or you say it is in a small bubble and busts to go down to a much higher price like $2000-2100 for example (still -27-30% and big).

which one is it?

[Hyena]

Posted this on reddit:
https://www.reddit.com/r/btc/comments/6jnqso/to_all_you_eth_fanboys_out_there/

This is me smearing it in your face: TOLD YA! For all these downvotes you gave me for bearish comments on ETH the last weeks, that's what you get. The pride is always the greatest before the fall. What is that? Did someone say "the flippening" ?! The flippening is real, bro! The flippening is coming. The flippening of ETH and ETC.

Congratulations to all these who shorted ETH a couple of days ago. Also congratulations to those who sold their ETH when it was high and made a nice profit. Because there's nothing wrong in making money. Clinging to broken fundamentals on the other hand is not something to be proud of. I sold a reasonable portion of my BTC when it was 2700$ and I already set buy orders at 1500$ (previous resistance becomes the next support). I also sold my waves and bought even more byteballs because byteball is obviously not affected by this bloodbath. It's pretty much the only altcoin that fluctuates solely against BTC and continues its uptrend.

those ETH fanboys are so pathetic little butthurt fuckers. they are already downvoting this thread like little bitches. simply pathetic, but was well expected.

Both are in bubbles, but Ethereum is in big one while bitcoin is in small one. As soon as they'll burst, bitcoin might climb down to $1500 but Ethereum will go all the way downhill to $100.

going down to $1500 is nearly -50% drop from the ATH. so you either say bitcoin is in a huge bubble which needs to burst and go down to $1500 or you say it is in a small bubble and busts to go down to a much higher price like $2000-2100 for example (still -27-30% and big).

which one is it?

BTC bubble hasn't even started. a drop down to 1500 is a much needed correction to establish this as a base price where to consolidate before going after 5k.

[aesma]

In Bitcoin world, 50% might not be that big a bubble, or that big a crash. It has gone so high in so short an amount of time ! Some people are thinking that 2000+ is the new normal, but only a few months ago it was so much lower !

[btcney]

In Bitcoin world, 50% might not be that big a bubble, or that big a crash. It has gone so high in so short an amount of time ! Some people are thinking that 2000+ is the new normal, but only a few months ago it was so much lower !

Exactly, people have been calling bitcoin a bubble every since it existed.

But Ethereum, it's only been around for less than half the time that bitcoin has existed, and it's already got over 2/3 of bitcoin's market capitalization? Whilst having extremely bad congestion issues? Am I crazy or what???

Besides, Ethereum Classic in my opinion is definitely undervalued. People don't seem to realise that Ethereum classic was the token that they bought into when they signed up for the ICO.

[mudiko]

 Ethereum's market capitalization should not be more than half of the Bitcoin. Ethereum project is still pretty new and not proven to work efficient for ICO's. ICO's made Ethereum get more popular and pricey, but time will show, if these ICO's would really prove that Ethereum is a good platform for smart contracts and public offerings.

[Sniper44]

Ethereum's market capitalization should not be more than half of the Bitcoin. Ethereum project is still pretty new and not proven to work efficient for ICO's. ICO's made Ethereum get more popular and pricey, but time will show, if these ICO's would really prove that Ethereum is a good platform for smart contracts and public offerings.

i say this was a very good experience and it turned out very good too. with ethereum's failure and with its price falling and their fake news fading from the media it opens up room for many other similar projects to come out and start showing their power and how they are much better than ethereum for smart contracts and maybe even those that deserve it and are really good at it become big.

[Pente]

I am going to make a prediction here, so I can reference it later:

Ethereum will drop to below $10/each before the end of 2018

I also think there is a 50/50 chance that Ethereum will drop below $5/each.

 

[HasHe]

With Bitcoin, when it gets a very high raise and then falls, it usually falls to a value above the starting value. So even if it is inflated, it ends up a little higher. I remember it going from 450- something to 800, then back to 535 for example. Sometimes it does go very low but that requires very bad news.

I do not know much about ethereum... just seems everybody is talking about it lately.

Its true.Even if bitcoin price falls down after its price rise,it would be much higher than its starting price.Since bitcoin has universal users now,its not manipulated by chinese like before.But it is not the case with ethereum.It does not have users universally.Its mostly pumped to reach high price.So it may burst any time.

[AjithBtc]

With Bitcoin, when it gets a very high raise and then falls, it usually falls to a value above the starting value. So even if it is inflated, it ends up a little higher. I remember it going from 450- something to 800, then back to 535 for example. Sometimes it does go very low but that requires very bad news.

I do not know much about ethereum... just seems everybody is talking about it lately.

Its true.Even if bitcoin price falls down after its price rise,it would be much higher than its starting price.Since bitcoin has universal users now,its not manipulated by chinese like before.But it is not the case with ethereum.It does not have users universally.Its mostly pumped to reach high price.So it may burst any time.

Yeah, once bitcoin manipulation was under the hands of Chinese miners and the exchanges. This went out of hands just because of the fake price pumping they make to profit. Now things has changed a lot, each and every price move is based on the users participation along with the technology advancing. With ethereum too we cannot say it's entirely a bubble, because even after big pumping it is sustaining without falling to the ground.