Would you quit Bitcoin if a shitcoin like Ethereum surpassed it?

[takuma sato]

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.

[1714769632]

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[Kakmakr]

I will still be using Bitcoin... no matter if any other coins surpass it...because it has the most hashing power backing it and for that reason it is the most secure coin.... and it has the biggest merchant and retail network accepting it as a payment option.

Many people like the Roger Ver types.... have tried their best to replace Bitcoin as the "King of Cryptos" and they failed miserably... because people are smarter than they think.

Bitcoin is on top.... because it is backed by people who can spot bullshit Alt coins and wannabe Bitcoins. 

[BlackHatCoiner]

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.

[AmoreJaz]

what i don't agree with his title is that his labeling eth as shitcoin, because the platform itself is not. just unfortunate that a lot of scammers created their own tokens under eth network. wherein, this prob will also be experienced by other networks like bsc, matic, or dot very soon. scammers will always find a way how to penetrate a good network.
but going back to the question, i don't think, i'll quit btc. this has been established as the top coin among these thousands alts. and i dont think it will change in the next coming years.

[Shenzou]

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.

You have to ask the reason why are people putting their money into shitcoins, and that is because they want to get rich quick, so as long as there is a trend where they are able to make profit they will always follow the money line, and for a coin to surpass bitcoin it would take some really insane technology that changes the whole world, because bitcoin has not reached this point in a day, so bitcoin is going to stay relevant and profitable for a long time so people will always follow it and invest in it.

[stomachgrowls]

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.

Depends on how the community reacts because seeing bitcoin to be overtaken with something else would really be giving out that kind of impression on where trust and confidence towards it had
really been decreased.

You wouldnt able to call a shit coin on something that had overtaken Bitcoin on the top spot even though we do really love and support Bitcoin that much but its impossible that thing
havent really been a good coin because it wont really reach out  that  peak spot if its totally shit.

For me then i would still make use of Bitcoin but going into that top coin isnt a bad idea either.It does depend if we are already on the actual situation.

[batang_bitcoin]

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.

Why should I? They don't even quit so there's no sense of quitting even if there's a new altcoin that will surpass it. The logic is that they do not even care that bitcoin is at the top right now and they keep on investing into different altcoins. There are those investors that see a lot from those random altcoins and don't protect themselves through buying bitcoin as part of their investments. I'll still use and buy bitcoin no matter what.

[dothebeats]

I don't think so. Some altcoin may surpass bitcoin in terms of market volume and activity, but it doesn't remove bitcoin's utility and its status as the first cryptocurrency. Though on a real world scenario, it will be quite hard for ethereum or any altcoin for that matter to get ahead of bitcoin in terms of market volume and usage, but it is still quite possible. Should that happen, it will be hard to sway a lot of people, most especially huge companies who have huge stakes on bitcoin, to switch over to a new altcoin.

[nutildah]

Arguably the cumulative value of the Ethereum ecosystem, along with the ETH market cap itself, might actually already surpass the BTC market cap if you extrapolate its valuation liberally. A lot of it is junk and will collapse under its own weight, but no I wouldn't stop using BTC just because something is "worth" more than it.

What would make me stop using btc is

- tx fees render it non-competitive with other currency options
- it becomes less accepted as a method of payment
- Bitcoin maxis finally irritated the last hell out of me (j/k, they already did that and I still use it)
- oh almost forgot, SHA-256 is cracked by quantum computing or what have you

[hatshepsut93]

I don't care about what happens to other coin's markets, I only care about fundamentals. If ETH is surpassing Bitcoin purely because of some new useless smart contract hype like DeFi or NFT, that's not the reason to worry, because those things are like beanie babies, they come and go, it's not something sustainable. But if ETH will somehow get better scalability, better security and actually useful features and this will cause the flippening, then I might consider flipping too. But I don't see it happening anytime soon.

[DannyHamilton]

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.

There are already LOTS of centralized shitcoins that have a larger Market Cap than Bitcoin. Here's a few examples:
U.S. Dollar
Yuan
Euro
Yen

The existence of these has not caused me to abandon Bitcoin, why would the existence of any others.  There will always be fools and gullible people in the world.  There will always be people that chase fads.  Why should their existence change how I run my life?

[Rikafip]

First of all, I don't think of Ethereum as shitcoin, because if we use that name for something like Ethereum, word looses it's real meaning. And no, I don't care if Ethereum ever surpasses Bitcoin in terms of market cap, as for me it will stay my main hold.

[TelolettOm]

The possibility is very small if Ethereum can surpass Bitcoin.
But, Both Bitcoin and Ethereum are worthy cryptocurrencies, none of these two is shitcoin.
I believe that each has their own special things that we can consider to hold.
Holding both is what I am now and I am sure many or most people doing right now. So no matter what, Bitcoin still becomes the first (at least for me)

[OgNasty]

Bitcoin's current most popular use cases are holding it and using it to buy altcoins.  If an altcoin were to surpass Bitcoin in market cap and also provide useful functionality, Bitcoin would find itself in a position where it's worth is derived strictly from the greater fool theory or suboptimal off-chain networks.  At that point it would be very difficult to make the investment case for Bitcoin and the entire market would be thrown in turmoil.  I'm not foolish enough to think Bitcoin can keep promoting itself through toxic maximalism and maintain it's lead in the crypto space, but I am experienced enough to know Wall Street and governments now pumping it will make the ship pretty large to turn, so it will likely be longer than expected before Bitcoin is lumped in with the rest of cryptocurrencies and it's valuation is reflected as such.  

[DooMAD]

First off, comparing market capitalisations is generally a waste of time for the most part.  But more to the point, if something did somehow surpass Bitcoin's, that's not a weakness with Bitcoin.  That would be evidence of a weakness in the brains of the masses.  People do dumb shit all the time.  No one can prevent that.  I witness collective economic insanity on a daily basis, but I'll always try to limit the influence that has on how I live my life.  And Bitcoin is a part of how I achieve that.  

There's no rational reason why any other coin should surpass Bitcoin at this stage, since none of them are close to matching Bitcoin's utility and robustness.  And in the unlikely event one did, that doesn't reduce Bitcoin's utility or robustness.

[nutildah]

I would quit Bitcoin for Litecoin Cash right now.
That doesn't mean that I don't like Bitcoin, it's just more opportunity in LCC right now, in my opinion.

Do you honestly believe that has the potential for long-term adoption, or is it just another get-rich-quick scheme?

I might have been with you, up to the point of "... Litecoin ..."

To me LTC is a superior form of currency over BTC because it is much quicker and faster to send. If I wanted to move a large amount of wealth, I would probably do it with BTC, however. Still, Bitcoin's expensiveness doesn't preclude it from usability, obviously; it simply remains the gold standard against which all other crypto is measured.

[Nakarato]

I would quit Bitcoin for Litecoin Cash right now.
That doesn't mean that I don't like Bitcoin, it's just more opportunity in LCC right now, in my opinion.

Do you honestly believe that has the potential for long-term adoption, or is it just another get-rich-quick scheme?

I might have been with you, up to the point of "... Litecoin ..."

To me LTC is a superior form of currency over BTC because it is much quicker and faster to send. If I wanted to move a large amount of wealth, I would probably do it with BTC, however. Still, Bitcoin's expensiveness doesn't preclude it from usability, obviously; it simply remains the gold standard against which all other crypto is measured.

Litecoin Cash is the brother of Litecoin.
The complete each other very well, there is no fight between.
Look at the attributes, whitepapers and you will unterstand with time.

[sheenshane]

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 easy to assume but technically speaking, this is impossible to happen.  No one will surpass the Bitcoin market cap when we talked about cryptocurrency, if that happens that Bitcoin will reduce the market cap, it's possible that the entire market will drop the market cap too.

People are looking for a short-term investment that has a quick return or just what above said, it's just a get-rich-quick scheme.  They want to ride the massive hype hoping to earn easily but it's not truly an asset that can you store in a long run.

Litecoin Cash is the brother of Litecoin.
The complete each other very well, there is no fight between.
Look at the attributes, whitepapers and you will unterstand with time.

I understand that you keep promoting this coin but I think how come it will complete, it's forked to LTC.

[Natalim]

First off, comparing market capitalisations is generally a waste of time for the most part.  But more to the point, if something did somehow surpass Bitcoin's, that's not a weakness with Bitcoin.  That would be evidence of a weakness in the brains of the masses.  People do dumb shit all the time.  No one can prevent that.  I witness collective economic insanity on a daily basis, but I'll always try to limit the influence that has on how I live my life.  And Bitcoin is a part of how I achieve that. 

There's no rational reason why any other coin should surpass Bitcoin at this stage, since none of them are close to matching Bitcoin's utility and robustness.  And in the unlikely event one did, that doesn't reduce Bitcoin's utility or robustness.

I think ethereum may have all the chances to replace bitcoin in the future but that doesn't affect bitcoin at all. I still stand for bitcoin because i know it certainly has a great future ahead which is an edge from those altcoins. And if ever ethereum will definitely take the lead, the whole crypto market will be a lot more different. Because in my long years staying here in the crypto market, i only see bitcoin as the main driving force and if bitcoin goes down, the whole crypto market will shake off and collapse. That's how bitcoin works.

[Fatunad]

I don't care about what happens to other coin's markets, I only care about fundamentals. If ETH is surpassing Bitcoin purely because of some new useless smart contract hype like DeFi or NFT, that's not the reason to worry, because those things are like beanie babies, they come and go, it's not something sustainable. But if ETH will somehow get better scalability, better security and actually useful features and this will cause the flippening, then I might consider flipping too. But I don't see it happening anytime soon.

People would make out decisions depending on the current condition that they are seeing and if they do saw that majority or most of the community will flip out then majority of people will.
We could eventually spot out which things are on hype or in trend which neither cant be sustainable or good for long term and it all dictated by the community demand itself.
If there would be sudden change up of minds or demand then normally people would go on where the herd is going.It is just impossible for you to resist or wont mind.