Bitcoin capital fleeing to Ethereum?

[topper26]

no people are not mad selling bitcoin to ethereum, if you look today ether is in the red also and the coinmarketcap difference between btc and etc is now 52bil as mentioned earlier it was 40 billion. the flippening is not happening just more fud

[Apraksin]

Ethereum has managed to become a trusted asset much like Bitcoin, which is an extremely rare quality in a market where speculation and manipulation is the order of the day.

[pera]

The current price of ETH is completely unsustainable.
There is not a single dApp that has a huge userbase and I´m also
not seeing the emergence of one in the foreseeable future. [...]

Well... there is CryptoKitties

The switch to PoS keeps getting postponed, which could be an indication
that there are unsolved problems. Besides, it is questionable whether Proof-of-Stake
is even technically viable at all. There is a reason why Satoshi Nakamoto decided to use
Proof-of-Work for Bitcoin.

Yeah, I don't think they will ever switch to some PoS, but I may be wrong... There are though some "new" (2016) academic developments with respect to PoS: it's not trivial but it is feasible. This doesn't mean that PoS will replace PoW because they have a different set of strong/weak points, so I think they will just coexist. (I'm also curious about this new proof of space and time, which I believe could be a real alternative to PoW)

[Kevin77]

I have to agree with you regarding avoiding ethereum before. Initially, it was too complicated for me. But then, it all started with the airdrop hype. Everybody is having their airdrop in eth platform. So I tried. Anyway, there's no harm in trying, right? And guess what, I earned a lot from those eth tokens. So I'm not complaining. There are a lot of advantages in eth platform that's maybe why a lot are utilizing now their services.

Ethereum is increasing in value because just like you said more company is using smart contract base on Ethereum.

But the probability of Ethereum to surpass Bitcoin is highly unlikely to happen, a lot of user is trading their Bitcoin for Ethereum now because it looks like the price is increasing, But that is only temporarily we can see some sell in high and will lead Ethereum to the stable price and chances are Bitcoin capital will remain.

P.S But I really doubt that Ethereum will not surpass Bitcoin a lot of company are now using the technology of ETH.

Well, they are pretty close in market capitalization, so based on that, I would not say there is no possibility of it. We really need some news right now to cause bitcoin to gain some momentum. Ethereum is a good project that has given birth to similar good ones, no doubt !

However, the move in the market now to me, is more like whales trying to pull stunts to cause an uptrend in the market for Ethereum, get some pretty good profit from the trend just before bitcoin gets on the recovery mode. Just my thoughts though. Also, I see right now as the good time to invest in alts.

[gabmen]

I have to agree with you regarding avoiding ethereum before. Initially, it was too complicated for me. But then, it all started with the airdrop hype. Everybody is having their airdrop in eth platform. So I tried. Anyway, there's no harm in trying, right? And guess what, I earned a lot from those eth tokens. So I'm not complaining. There are a lot of advantages in eth platform that's maybe why a lot are utilizing now their services.

Ethereum is increasing in value because just like you said more company is using smart contract base on Ethereum.

But the probability of Ethereum to surpass Bitcoin is highly unlikely to happen, a lot of user is trading their Bitcoin for Ethereum now because it looks like the price is increasing, But that is only temporarily we can see some sell in high and will lead Ethereum to the stable price and chances are Bitcoin capital will remain.

P.S But I really doubt that Ethereum will not surpass Bitcoin a lot of company are now using the technology of ETH.

Well, they are pretty close in market capitalization, so based on that, I would not say there is no possibility of it. We really need some news right now to cause bitcoin to gain some momentum. Ethereum is a good project that has given birth to similar good ones, no doubt !

However, the move in the market now to me, is more like whales trying to pull stunts to cause an uptrend in the market for Ethereum, get some pretty good profit from the trend just before bitcoin gets on the recovery mode. Just my thoughts though. Also, I see right now as the good time to invest in alts.

Well just because etherium went up a little bit during btc's decline doesn't mean btc peeps are moving to eth. It happened just for a short time and then eth joined in on the red party. Though i agree with all of you about eth's and smart contract's better potential, people will always see eth as second fiddle to btc, at least for the next few years

[myhoho]

I think ethereum is going to take over bitcoin.
Ethereum' smart contracts roks and bitcoin have nothing to do. Ethereum is the best crypto for now but nice competitors coming like QTUM, ADA etc..

[el kaka22]

Im still awiting for Ethereum to correct to $30. Its going to happen eventually. Like litecoin correcting from $50 to $1

Simple plain manipulation by the wall street dudes, that is all I am seeing in the market right now. For those who are opting in for profit or for whatever they may be thinking in their head, I really hope they get the benefit from it in the long run.

Unfortunately, we have the wall street guys in our midst now and I won't be surprised if they start using the news in favor of Ethereum to get another pumped up price for them to make some cool profit on it, so I will be very careful and take profit quickly when the time is right as there is nothing upholding that price.

Probably investors are switching into Ethereum for profit since it is presently in its uptrend while bitcoin keeps tanking. They are really both quite close and when I saw it on coinmarketcap, I just thought, what if we actually ended up seeing the moment of fight of market cap between the two. I guess we will never know now until we see it happen. However, I do not think we will ever get to that before bitcoin recovers, and then we will see a drastic switch over.

[Samarkand]

...
Yeah, I don't think they will ever switch to some PoS, but I may be wrong... There are though some "new" (2016) academic developments with respect to PoS: it's not trivial but it is feasible. This doesn't mean that PoS will replace PoW because they have a different set of strong/weak points, so I think they will just coexist. (I'm also curious about this new proof of space and time, which I believe could be a real alternative to PoW)

You could be right.

But don´t you think that academic developments of consensus algorithms are different to them being
actually viable for a network that secures billions of $ in digital assets?

What if there are bugs that don´t show up in academic theories?
What if there are unknown attack vectors that make it easy to steal user balances?

It is simply completely crazy to switch the consensus algorithm of a platform that
currently has a market cap (I know, market cap is not a great metric for
cryptocurrencies) of nearly 100 billion $. If PoS proves to be insecure or bad for other
reasons a large amount of this wealth could evaporate.

Proof-of-work has been shown to be secure for nearly a decade, PoS has never been
attempted aside from a few altcoins with low market caps.