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Author Topic: Would you quit Bitcoin if a shitcoin like Ethereum surpassed it?  (Read 701 times)
Mahanton
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October 13, 2021, 08:59:31 PM
 #41

There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.
If there would be some flippening then for sure people would really do on what they are seeing on the market which they would really go into majorities decision because we know that whenever something new that do happen into this market then its just normal that people will follow.

If ever that bitcoin had been overtaken then that would really be an unsure thing on what would be heading next but for sure there would be major changes on this market behavior.

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October 13, 2021, 09:17:29 PM
 #42

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.
why would I? just because bitcoin got surpassed doesn't mean that its value is lost. l just can't of any reason why would I quit/leave bitcoin just because another cryptocurrency surpassed it. also, quitting bitcoin just because another cryptocurrency surpassed bitcoin is just shallow(which is sad).

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October 13, 2021, 09:24:19 PM
 #43

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.
What happens in altcoin will have no impact on bitcoin users. that's what I believe. something that is trending in crypto, as you call . nft games. stake. will not have any impact on bitcoin. it is they who will later follow bitcoin and will depending on bitcoin.
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October 13, 2021, 09:38:37 PM
 #44

Posing this question makes me believe you're all in in bitcoin for the profit. If that's so, then you should quit and move to Ethereum, especially if you want less risk and imagine that the whole world will follow towards.

But, in case you don't use bitcoin for increasing your purchasing power only, and agree somewhat to the ideology of an innovative payment system which is separated from a government, then you ought to stay. That's the way you see things, man. An increased market cap asset shouldn't change your sociopolitical beliefs.

No, I wouldn't move to Ethereum if it ever surpassed bitcoin, because it does not support what bitcoin does.

Exactly! I was gonna say sth similar. How does the price of Bitcoin affect its code? Bitcoin isn't here for a competition of who is worth more (monetarily). Bitcoin is all about the code! The security it brings you, The privacy, etc. And for this for this reason, you cannot compare it with other currencies (crypto or not).
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October 13, 2021, 09:52:22 PM
 #45

Posing this question makes me believe you're all in in bitcoin for the profit. If that's so, then you should quit and move to Ethereum, especially if you want less risk and imagine that the whole world will follow towards.

But, in case you don't use bitcoin for increasing your purchasing power only, and agree somewhat to the ideology of an innovative payment system which is separated from a government, then you ought to stay. That's the way you see things, man. An increased market cap asset shouldn't change your sociopolitical beliefs.

No, I wouldn't move to Ethereum if it ever surpassed bitcoin, because it does not support what bitcoin does.

Exactly! I was gonna say sth similar. How does the price of Bitcoin affect its code? Bitcoin isn't here for a competition of who is worth more (monetarily). Bitcoin is all about the code! The security it brings you, The privacy, etc. And for this for this reason, you cannot compare it with other currencies (crypto or not).
Bitcoin has its own goal so it does not exist to compete other crypto coins or let's just say even to replace fiat. Having it as a legalized currency is a big achievement already.

However, if we think of altcoins like ethereum replacing bitcoin, i think the rate would be 5/10 because their own prices are very much apart. But if its really bound to happen in the future, then we can do nothing about it. I will still prioritize bitcoin because i know how promising it is and it is the only coin where i can put my hard earned money and expect a very huge ROI. Not like altcoins, they can easily pump when hyped, and when its done, their prices will mostly stay in lower values compared to bitcoin.

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October 13, 2021, 10:04:22 PM
 #46

Posing this question makes me believe you're all in in bitcoin for the profit. If that's so, then you should quit and move to Ethereum, especially if you want less risk and imagine that the whole world will follow towards.

But, in case you don't use bitcoin for increasing your purchasing power only, and agree somewhat to the ideology of an innovative payment system which is separated from a government, then you ought to stay. That's the way you see things, man. An increased market cap asset shouldn't change your sociopolitical beliefs.

No, I wouldn't move to Ethereum if it ever surpassed bitcoin, because it does not support what bitcoin does.

Exactly! I was gonna say sth similar. How does the price of Bitcoin affect its code? Bitcoin isn't here for a competition of who is worth more (monetarily). Bitcoin is all about the code! The security it brings you, The privacy, etc. And for this for this reason, you cannot compare it with other currencies (crypto or not).
Bitcoin has its own goal so it does not exist to compete other crypto coins or let's just say even to replace fiat. Having it as a legalized currency is a big achievement already.

However, if we think of altcoins like ethereum replacing bitcoin, i think the rate would be 5/10 because their own prices are very much apart. But if its really bound to happen in the future, then we can do nothing about it. I will still prioritize bitcoin because i know how promising it is and it is the only coin where i can put my hard earned money and expect a very huge ROI. Not like altcoins, they can easily pump when hyped, and when its done, their prices will mostly stay in lower values compared to bitcoin.

My point is that we look beyond the prices! I do like money too but It isn't always about money. Aside the volatility which most people take advantage of, there are other features that makes it way better than Alts. Besides, no matter which Altcoin that wants to compete, you can't compete with the maker! Tongue
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October 14, 2021, 01:57:04 AM
 #47

There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.

1. Bitcoin always be the first and our foundation. Bitcoin introduce us about new revolution of Financial transparency, decentralized concept and democratic practical in financial sectors. Ofc, many people have a trust with bitcoin even the price overtake by another cryptocurrency. Trust affected all things.

2. I don't agree about Ethereum basically call shitcoin. I think you refer to ERC-20 platform who produce many tokens and some of them be scam and nothing have value in the future. we can't call shitcoin if many people trust it, even the purpose or projection is totally shit or no purpose, but people still trust or gain profit from there (See Dogecoin). Totally unfair if you call a shitcoin born because of part of trading activity. Can we step on to learn from another point of view like what kind of decentralized concept it use? or Purpose of the project. Ethereum project is clear purpose, founder can detect right now and we can't call Ethereum is shitcoin.

3. You can disagree about NFT's or other new features. It depends from what kind of your activity regarding cryptocurrency topics you like. But 1 of Cryptocurrency concept is Decentralized and if there's any platform of Tokens or Crypto used Centralized, you can call it Digital-Currency.
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October 14, 2021, 02:12:41 AM
 #48

There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.
No I'm not instead i will accumulate more and will take this as advantage as the price will surge down so low and i will be in discounted value.

after this surpassing Bitcoin will experience some fall  but eventually recover and may climb more than what it has when being surpassed.
remember that Shitcoin has no place in this area but just a pumping material.

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October 14, 2021, 08:04:29 PM
 #49

I will never quite Bitcoin just because Ethereum or any other altcoin surpass Bitcoin. Anyway Bitcoin can dump but can't dump like any other shitcoin because shitcoin like Ethereum can be pump by little amount of dollars to deceive some investors which will surely come down but Bitcoin are control by long time investor and if Bitcoin started to pump it will pumping day by day which nobody knows it end point.

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October 14, 2021, 08:43:43 PM
 #50

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.
why would I? just because bitcoin got surpassed doesn't mean that its value is lost. l just can't of any reason why would I quit/leave bitcoin just because another cryptocurrency surpassed it. also, quitting bitcoin just because another cryptocurrency surpassed bitcoin is just shallow(which is sad).
Well, i don't see myself quitting in bitcoin just because of that. The fact that bitcoin still has it own high value because of the growing demand, then i would stick to it no matter what. After all, i'm here not just for the benefits of bitcoin at the present time but literally for its benefits in the future. There's no other coin that i think worth keeping for my future retirement than bitcoin alone. Ethereum may surpass bitcoin but i know its utility case is also different compared to bitcoin.

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October 14, 2021, 08:53:45 PM
 #51

However, if we think of altcoins like ethereum replacing bitcoin, i think the rate would be 5/10 because their own prices are very much apart. But if its really bound to happen in the future, then we can do nothing about it. I will still prioritize bitcoin because i know how promising it is ...

If ever this near impossible situation occurs, It will be completely unwise and a show of no professionalism to just dump/quit all bitcoins that I have been gathering and keeping for a long time just like that especially when i know that the crypto market is unpredictable and unstable. As long as volatility remains, an experienced crypto user knows that prices always fluctuate and to just follow after numbers without proper analysis is very unsafe for their portfolio.

 
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October 14, 2021, 09:09:07 PM
 #52

There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.

It's being used for money laundering definitely.
Those NFTs are useless and there's this NFT of money worth over 30ETHs, I saw it on a streamer's live stream.

What this means is to show that something's worthy and will be useful in the future and people will follow that after some rich people start accepting it, and we know the influence rich have.

 

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October 14, 2021, 09:20:12 PM
 #53

Bitcoin hooks me for what it represents as technology and what it means in the revolutionary premise, etc, etc, now, if one sees the price or the market cap as an additional plus and not as the main thing surely this type of questions in the same way they arise, it is the analytical nature but its influence must be proactive not coercive, that is, it simply reacts according to your investment environment, but that of your principles does not have to change.


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October 16, 2021, 12:12:49 PM
 #54

I don't think ETH as a shit coin. But if ever eth surpassed bitcoin I see no reason quitting bitcoin. Why would I ? Surpassing bitcoin does not mean that bitcoin is useless already and I don't think it will last long. On the other hand just because eth surpass it, it is not enough reason to quit. Crypto is very unstable and we do not know what will happened next but knowing how good bitcoin is, it is possible to take its place as number one again.

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October 16, 2021, 02:34:05 PM
 #55

There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.

Looks like there's a lot of hatred in you for Ethereum. I have personally invested in BTC as well as ETH because I think both are good coins.
It really doesn't matter for me if ETH surpasses BTC. I will still be holding both the coins no matter what happens.
I think both of these coins have a good potential in the long term. But yeah bitcoin will always have an edge than the other coins.

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October 16, 2021, 02:41:22 PM
 #56

I don't think ETH as a shit coin. But if ever eth surpassed bitcoin I see no reason quitting bitcoin. Why would I ? Surpassing bitcoin does not mean that bitcoin is useless already and I don't think it will last long. On the other hand just because eth surpass it, it is not enough reason to quit. Crypto is very unstable and we do not know what will happened next but knowing how good bitcoin is, it is possible to take its place as number one again.

Yeah ETH itself is not a shitcoin, But the was pertaining on the tokens built on Ethereum blockchain because there's a lot of scam and rugpull happening on a decentralized ecosystem, His sentence construction is just not emphasizing or I think he didn't know how a decentralized blockchain really works. There's no safe place even on Centralized blockchain like Binance Smart Chain also has a lot of this shit show.



Flipping Bitcoin is normal especially on trading so that you can catch a much better opportunity on other new coin that has a momentum. Quiting is not approriate to use in trading because at some point, you will need to enter again on Bitcoin once the market is on a bullish cycle.

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October 16, 2021, 03:21:21 PM
 #57

everyone has choices and decisions
which coin is chosen and considered the number 1
I personally choose bitcoin as my main asset and eth in the second position
if one day eth exceeds btc a good thing isn't it, this shows that eth is able to exceed btc's value with his hard work

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October 16, 2021, 04:55:11 PM
 #58

There is a lot of shilling lately (again) with "the flippening" event happening. Ethereum has created a new market which is basically 99% scam tokens, rugpulls, pump and dumps and NFTs which are probably used for money laundering. Anyway, the thing is, there is definitely if a demand for all of that, even if it's all based on a platform that's not decentralized.

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap? At that point it would be clear that entire space is a joke. Bitcoin would still march on as usual, but it would be just sad to see people putting their money on shitcoins rather than on the only actually decentralized blockchain worth anything.

If such thing happens, it will not be because btc is incapable or not good enough, it will be because of the interest of the majority of people have shifted to making money as a priority than the technology, I don't think I will quite because of that if I really and truly believe in btc, people are free to put their money wherever they choose.

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October 16, 2021, 05:06:06 PM
 #59

Firstly, you should correct yourself. Ethereum is not a shitcoin as you call it. Secondly, you should understand that traders are in for profit. A lot of people go for Btc because of it popularity and strength to grow. If tomorrow ethereum surpasses it in value, then a lot of people would switch to ethereum.

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October 16, 2021, 05:24:01 PM
 #60


even if BTC's cap or price is surpassed by ETH or any other shitcoin, i may not be able to quit because, for the last 6 years, i have been in crypto and been trying to trade to make a fortune out of it.

the rise of doge i think had made people come flock on crypto instead.
if a shitcoin like doge has managed to outrank BTC, wouldn't this be an encouragement for those shitcoin holders?   Cheesy

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