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

[Nakarato]

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.

Yes, people looking for short-term investment, and it will end like dotcom bubble 2000. We have so much shitcoins...
Most coins, but not Litecoin Cash, LCC has good attributes like SHA-256 and is accepted by a lot of miners. Look at the hashrate.

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[Hydrogen]

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 revolves around a question of whether bitcoin can be improved upon. Do we have talented software engineers and designers who can make a better version of what Satoshi made.

Things are looking bad at the moment. It doesn't seem as if there's anyone who is interested in filling the vacuum left behind by Satoshi.

Its been said the 2008 economic crisis was one motivation behind Satoshi creating bitcoin. I no longer see people who are upset over the 2008 crisis or economic conditions in general. Its possible motives behind creating bitcoin no longer exist in the public consciousness. People have come to accept economic crisis, downtrends and instability as being normal and ordinary parts of daily life.

The void left behind by Satoshi might never be filled, until people are angry about the current state of finance and the economy. If that day ever comes.

[Rengga Jati]

I am sure that you mean the tokens that use the Ethereum platform or ERC20 tokens. For me, the Ethereum coin is not shitcoin. But some ERC20 tokens in the Ethereum platform are shitcoins (so do some of the BSC tokens).

We also notice how popular NFTs and new types of coins are right now. Many people are increasingly coming to the crypto world because of the hype tokens happening these days. And this will be never-ending because there will be always something hype and attracting many people.

But, popularity will not defeat the trust and value of Bitcoin. I personally don't believe Ethereum moreover the ERC tokens will even surpass Bitcoin

[GreatArkansas]

I am sure that you mean the tokens that use the Ethereum platform or ERC20 tokens. For me, the Ethereum coin is not shitcoin. But some ERC20 tokens in the Ethereum platform are shitcoins (so do some of the BSC tokens).

We also notice how popular NFTs and new types of coins are right now. Many people are increasingly coming to the crypto world because of the hype tokens happening these days. And this will be never-ending because there will be always something hype and attracting many people.

But, popularity will not defeat the trust and value of Bitcoin. I personally don't believe Ethereum moreover the ERC tokens will even surpass Bitcoin

I think what OP wants to say here is the ecosystem, we all know Bitcoin and Ethereum ecosystems are purely different and created for different purposes.
This kind of comparison is useless for me, it just doesn't make sense, if you really know how Bitcoin and Ethereum works, you will know.

[yazher]

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.

The author clearly doesn't know what he is talking about and he thinks every cryptocurrency except bitcoin is shitcoins. If we look at the price of the two cryptocurrencies that are being compared, they are not even close to each other is a big difference it's like a bar of gold and a bar of silver. Most of the time those altcoins who are below bitcoins only raise their price when the bitcoin price continues to rise but if it falls, you will also see them falling together.

[Darker45]

I wouldn't quit. Why would I? What then if Ethereum surpassed Bitcoin? Does that make Bitcoin inferior? Of course, not!

Anyway, do you think majority of the people care about putting their money on what you call shitcoins? You have to remember that of the $2.3 trillion cryptocurrency market cap, at least $1.2 trillion of it is in altcoins. So I don't think majority of the people are putting primary consideration to the fact that Bitcoin is the only cryptocurrency which has a truly decentralized blockchain. Many of them are looking at crypto as an investment market. There is no other reason why the likes of Dogecoin and Shiba Inu are occupying top spots and have billions in market cap.

[bittraffic]

I don't think many users here will care about marketcap particularly the new ones in crypto. But if the flippening will really happen because of the new developments on smart contract tokens, it will still not make people's interest in BTC lose because it's the technology of BTC and the price of it that they are after.
ETH is $3,300 and BTC is $57K, if ETH surpasses BTC's cap, its price will still not be more than $57K.

[Rajamuda]

What do you think... seriously Ethereum or any other coin will surpass Bitcoin? In the past, Eth had a race against Bitcoin on the market cap.. but still, Bitcoin couldn't be passed. I'm sure everyone will tend to think the same, Bitcoin will not be passed, all its advantages are not easily forgotten or be passed by any other coins that are only like a son.

[lienfaye]

So to the point: Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap?

Is it worth to risk your hard-earned money to a centralized shitcoin? Regardless if it already surpassed bitcoin marketcap, I will not switch. BTW eth is not a shitcoin however tokens built under eth network can be labelled as shitcoins as most of them has no real use cases.

Anyway even bitcoin is surpassed by other coins it doesnt mean btc will become obsolete especially at this point wherein some countries are already adopt btc and set is a legal tender.

[kotajikikox]

while you are asking for impossible things to happen yet i will give my views and that is ?

Once Shitcoins overtake Bitcoin then that means this market is ruined and why should we still hang on it when this is not trustworthy anymore?

i will instead go back to Fiat/Banking and leave this currencies forever as it is not worth it.

[aprilnot]

no, i will still choose bitcoin even if bitcoin is no longer the biggest coin. even though the top marketcap will be filled by shitcoins, bitcoin will be your first choice. nothing can replace bitcoin, even if it is a shitcoin of great value. enough discussion like this, because everyone will definitely still choose bitcoin for whatever reason.

[josephdd1]

You are wrong calling Ethereum shitcoin. It is the number two on the crypto market and can rightfully be called a mainstream cryptocurrency. Without it, it will be too boring on crypto market, as Bitcoin doesn't support different smart-contracts and it means no defi-projects or other tokens apart from Bitcoin and its forks. What is more, Ethereum is developing now as opposed to Bitcoin, so I will not be surprised if it surpasses Bitcoin one day.

[michellee]

I do not want to quit crypto if a shitcoin like ethereum surpasses bitcoin. I do not think that shitcoin can surpass bitcoin because if that happens, it can change crypto forever. People are putting their money in shitcoins because they want to make more money besides making money from bitcoin and that is normal to see some people do that. Shitcoin can somehow help us make additional profit, but it is still hard to select which coin can give us a big profit.

[pooya87]

Something like that is never going to happen, don't get your hopes up

A shitcoin like Ethereum that has no use cases and only relies on pump and dumps has an expiration date when it starts dying, it is starting to show already since for the past 4 years it has been dumping consistantly from 0.15 down to 0.06 and despite all the pump attempts it has not been able to go back up again.

On top of that the basic supply and demand law prevents a shitcoin with unlimited supply and a current circulating supply 117 million (bitcoin has 18 million!!!) from growing big.

Your other question is already answered. People aren't in bitcoin because of its market capitalization to exit if some shitcoin surpassed it (which has happened in the past by the way with altcoins that were pumped so much that surpassed bitcoin's market cap but then they died eventually).
Day traders and pump and dumpers don't give a damn about any of this either, BTC, ETH, XYZ don't make a difference to them.

[gabbie2010]

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.

Even if those NFTs shits created to earn fast money passes bitcoin I wont blink an eye because they are hyped pump and dumps, they won't last and in a long run wouldn't be sustained by their developers, I had set my own goal that is  to rely or depend solely on decentralized platform only and bitcoin had really taken care of it, though every crypto enthusiast or investors has their own choice but I believe majority will stick to the popular, dependable and most trusted decentralized feature platform.

[Finestream]

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.

Even if those NFTs shits created to earn fast money passes bitcoin I wont blink an eye because they are hyped pump and dumps, they won't last and in a long run wouldn't be sustained by their developers, I had set my own goal that is  to rely or depend solely on decentralized platform only and bitcoin had really taken care of it, though every crypto enthusiast or investors has their own choice but I believe majority will stick to the popular, dependable and most trusted decentralized feature platform.

Bitcoin will always gained the highest number of supporters as what it is should be, rather than focusing more on shitcoins that will only be valuable once they are hyped but after that, they all return to their low valued positions. So if out of an unexpected predictions, ethereum will surpass bitcoin, then i think it will not be a big deal for us since we know from the start that we only go for the best and most profitable coin. Yes, we have our own choices based from own predictions, but i know in the long run bitcoin will still be the top choice of the crypto community no matter what the circumstances may bring.

[Sanitough]

while you are asking for impossible things to happen yet i will give my views and that is ?

Once Shitcoins overtake Bitcoin then that means this market is ruined and why should we still hang on it when this is not trustworthy anymore?
i will instead go back to Fiat/Banking and leave this currencies forever as it is not worth it.

Well, crypto market will be very different by then and maybe lot of people will eventually shift into another investments that are also promising as bitcoin. Although ethereum is next to bitcoin, but looking at their prices it could mean the gap is too far from one another. And ethereum has different usage with bitcoin so if ethereum surpasses bitcoin in the rank position, i think it will never be an issue. Bitcoin enthusiasts will still focus on bitcoin because its the coin they believe that has the highest potentials compared to altcoins and other shitcoins.

However, what we have is only speculation and i think its too far way from becoming it possible.

[geegaw]

no, i will still choose bitcoin even if bitcoin is no longer the biggest coin. even though the top marketcap will be filled by shitcoins, bitcoin will be your first choice. nothing can replace bitcoin, even if it is a shitcoin of great value. enough discussion like this, because everyone will definitely still choose bitcoin for whatever reason.

I have a different view on this assumption, shitcoin is not a good product but don't know by randomness or capacity, it has surpassed bitcoin, that generalizes that bitcoin at this point has barely belonged to the top tier in terms of status nor capitalization and like a pioneer, when it is no longer capable, the crypto market will also have a radical downward graph. Perhaps when the explanation comes here, we don't need to discuss the choice further, there are not many flavors that can be experienced, so it can be said that this assumption is not true in all cases, giving up bitcoin is almost giving up the original source

[NelfiNovita]

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. 

Bitcoin will always be above altcoins because altcoins are based on the framework built by Bitcoin. We can see that altcoins and bitcoins have similar features so there are quite a few variations of this digital currency.
Bitcoin is the first crypto currency created from altcoins so no one can match bitcoin, if there is an altcoin that has a more expensive price than bitcoin but the altcoin will not last long one day the altcoin will experience a very deep price decline and hard to get back up.

[pinggoki]

Bitcoin has a niche that could not be filled by any other cryptocurrency in the market even if they tried to. Although I would like to make the distinction that Ethereum is no shitcoin as what the title of this thread suggests. The coin has its use-case and frankly enough without ETH we wouldn't be able to enjoy most of the stuff we have right now as cryptocurrency enthusiasts since most projects run on the Ethereum network now, while bitcoin remained being a store-of-value. Still with that said I could see people still choosing to invest on bitcoin even if in the future something supersedes it.

First of all, I don't think that Ethereum is one of the shitcoins. It has even the potential to be a more powerful cryptocurrency than Bitcoin in the future. Bitcoin is the first cryptocurrency in the market which makes it the most important and known one in the market. So, I wouldn't quit Bitcoin of course just because Ethereum surpassed it. I would still continue to accumulate it. But I would care about the number one crypto more too.

It has the potential and has shown what it could really do. Honestly the only thing that leaves a bad taste on my mouth about the Ethereum network is the fact that it runs on proof-of-work which makes transaction fees high and speeds slow at times, but other than that I respect the coin because it has opened a lot of opportunities for projects in the cryptocurrency world to come henceforth. NFTs, DeFi, even Metaverse could potentially be housed in the Ethereum blockchain, so I don't think it really is a shitcoin, because shitcoin has no use-case.