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Author Topic: Would you quit Bitcoin if a shitcoin like Ethereum surpassed it?  (Read 279 times)
pinggoki
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October 13, 2021, 08:56:33 PM
 #41

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.

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October 13, 2021, 08:59:31 PM
 #42

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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acroman08
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October 13, 2021, 09:17:29 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.
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
 #44

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
 #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).

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October 13, 2021, 09:52:22 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.

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October 13, 2021, 10:04:22 PM
 #47

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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pickforbies
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October 14, 2021, 01:57:04 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.

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
 #49

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
 #50

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
 #51

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
 #52

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
 #53

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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famososMuertos
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October 14, 2021, 09:20:12 PM
 #54

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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