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

[Nakarato]

no there is no reason for that.
It would be funny, when Litecoin surpassed Bitcoin.
Bitcoin, Litecoin Cash, Litecoin.

[1714753862]

1714753862

[TravelMug]

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.

The thing is, this so called Flippening didn't happen. There has been some noise back in 2017 that Ethereum will take over. And with the current state of gas fees in Etheruem market, I doubt that it will simply overtake bitcoin.

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, bitcoin can't be surpassed, it's too big to fail now, not even Ethereum, or any shitcoin for that matter. As a prime mover, BTC has the support not just from this community, but globally. Government, companies, institutional investors are all over bitcoin right now.

[BuyingBitcoin]

If the flippening did happen then it's probably because they don't like billionaires like Elon Musk and Michael Saylor involved in crypto. Flipping on the billionaires would be their revenge strategy.

[Redbackone]

Quitting a coin would mean selling my holdings. I'm not concerned with ETH surpassing BTC in a flippening event as BTC still remains deflationary. Fixed supply. I will continue to hold and stack when the opportunity arises.

I don't have enough time to dedicate to the markets or enough knowledge to trade effectively. I'm more danger to myself, like I suspect the vast majority of people.

Holding and not getting carried away with the crazy bull runs or bear markets is key.

[sirminesalot]

Sorry i got triggered by the title, how did you said ethereum a shitcoin ?
Ethereum has surpassed bitcoin marketcap before several times but just temporary, i means ethereum has very strong use case and ethereum network is strong also moreover there are a lot of upcoming features from them and it's still developing.
For me in terms of usability, ethereum has more than bitcoin itself. Bitcoin become the biggest marketcap because it's the pioneer of cryptocurrency and it's the first crypto founded, that's why people are more known with bitcoin compared to other coins.

[Dhaniii]

Bitcoin has high popularity and is in great demand by investors worldwide and now institutional investors have started to enter the cryptocurrency market, so bitcoin is unlikely to be chased by other coins even though it has a second rank. Investors only turn to fiat money during transitions when the market starts to peak and starts to fall and after that they return to adopting bitcoin when the market has started to stabilize.

[dupee419]

If Ethereum surpassed Bitcoin, instead of switching, why not just use both platforms? both cryptocurrencies are still valuable so I don't think there is a need to consider only one cryptocurrency, and why call Ethereum a shitcoin when it's literally top 2? I just find it weird for the OP.

[Huppercase]

Whatever works for you, stick to it. Bitcoin is a very good asset and it has proven over time to be better than all this traditional assets but calling ETH a shitcoinus completely out of line.

[Bitstar_coin]

Firstly, you should correct yourself. Ethereum is not a shitcoin as you call it...

He didn't call it so by mistake,  the op is very much aware of what he/she has said, people perceive things differently, he is clearly not a fan of eth that's why he feels eth is a shitcoin, perhaps his expectation from eth has not been fulfilled yet, regardless,  it is not enough to address the second largest crypto as such, anyways, each to his/her opinion.

[amihada]

I'm sure ethereum can't surpass bitcoin nothing can surpass the king now it's been proven that bitcoin is the king of alcoins bitcoin's movement determines the price of other alcoins including ethereum coins.

[livingfree]

Whatever works for you, stick to it. Bitcoin is a very good asset and it has proven over time to be better than all this traditional assets but calling ETH a shitcoinus completely out of line.

Let us stick to the reality that bitcoin is the top so it won't change a matter and I'll still have it then. There's just a quite playful minds from other people that creates a scenario of this and that what if.

Holding and not getting carried away with the crazy bull runs or bear markets is key.

Do not forget to claim your profits because it's very necessary but if you don't do that and you're okay on it, that's okay then.

[cheezcarls]

Why would I quit? I love both of them even if it means ETH surpassed BTC in market capitalization, etc., (of course ETH is my major holding for now). Bitcoin is the reason why altcoins like ETH are born as it is the mother of all cryptocurrencies worldwide.

I ain’t going anywhere because crypto changed my life no matter what the outcome of BTC is even if someone surpasses it in the future. But in reality, BTC can’t be surpassed as the widely adopted cryptocurrency in the world.

[dark1234]

I think what the OP said is too pessimistic because it is not a reason for someone to switch from one to another in the crypto and blockchain world but every trader has their own way and picture in choosing which one they will buy because in essence they are looking for profit not a problem the price of one is defeated by the other

[Dr.Osh]

LOL, eth as shitcoin, what a funny sentence.
one thing you need to know buddy, even since bitcoin is still cheap, people have stood up for it. I don't care what coin will beat bitcoin going forward, I will still say that it is still one of the best investments out there today. I support the development of this technology. other than that, ethereum is the best coin after bitcoin. it's not shitcoin.

[BuNga_cute]

LOL, eth as shitcoin, what a funny sentence.
one thing you need to know buddy, even since bitcoin is still cheap, people have stood up for it. I don't care what coin will beat bitcoin going forward, I will still say that it is still one of the best investments out there today. I support the development of this technology. other than that, ethereum is the best coin after bitcoin. it's not shitcoin.

It's very strange if anyone thinks Ethereum is a shitcoin, because Ethereum is the best altcoins. This means that Ethereum is the best choice for
investment after Bitcoin, maybe people who say Ethereum shitcoin, is he an Ethereum hater or is he getting the wrong information about Ethereum.
Therefore, if we want to learn about crypto, we must look for a trusted source, so we don't get misleading information. Then my advice is never to
leave Bitcoin for other coins, because after all Bitcoin is the best coin for investment until now, even Bitcoin has always dominated the market.
I will never leave Bitcoin, even though there are other coins that can provide greater profits. Because for me Bitcoin has a bright future and I believe
long-term investment in Bitcoin can provide big profits.

[Rishabh riyz]

BTC is a cryptocurrency why hold  sentimental values over a digital currency , obviously for a smart trader if he sees profit in some other coin he might go for it
logically speaking if BTC dies (assuming) its no point holding them better to sell them off , now here if just a currency overvalues BTC we can just make profit out of it , in my personal opinion HOLD if you think BTC will bounce back or invest in other coin , plus ETH is not shit dude it was and still is  the second best cryptocurrency out there  

[rozak]

BTC is a cryptocurrency why hold  sentimental values over a digital currency , obviously for a smart trader if he sees profit in some other coin he might go for it
logically speaking if BTC dies (assuming) its no point holding them better to sell them off , now here if just a currency overvalues BTC we can just make profit out of it , in my personal opinion HOLD if you think BTC will bounce back or invest in other coin , plus ETH is not shit dude it was and still is  the second best cryptocurrency out there  

and I'm sure nothing will go beyond BTC. even ETH with such a huge development will stay below BTC.
you talk if BTC dies. then you will move and sell it. when you realize that your BTC will be worthless and no one will buy it.
Likewise, if BTC dies, you will see all crypto markets will be disrupted. even that could be a very big downfall.

[Mpamaegbu]

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.

My sincere question to you would be, "how did you arrive at that conclusion?" I guess you're referring to the ETH smart contract (the ERC) that's used by other projects and I don't see how it's ETH's fault if such projects that use its smart contract turned scam. It's the same thing that should happen to projects on the Binance Smart Contract, if that's the case then. And then on Matic, Solana, Fathom etc.

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.

Whatever that meant, I suspect I ain't the only one who didn't understand what OP was struggling to say there. Perhaps, they could rephrase it.

[eaLiTy]

~
Whatever that meant, I suspect I ain't the only one who didn't understand what OP was struggling to say there. Perhaps, they could rephrase it.

His question is simple, if the ETH market capital surpasses BTCitcoin's he would consider the cryptocurrency space as a joke as everyone is after pump and dump coins rather than looking for decentralized coin like BTCitcoin.

He got a point in that aspect, the transaction fees for ETH is really high and some of the NFT projects uses ETH and everyone is paying $40 to $50 per transaction and yet the price of ETH is rallying which does not make any sense.

[Fortify]

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 actually hilarious to see someone get so twisted up that another cryptocurrency might one day take the crown of Bitcoin. It is actually almost inevitable that another cryptocurrency will unseat Bitcoin because the sheer low number of coins - a max of 21 million (some of which are being lost all the time) is a great restriction and will over time make it harder to use as an effective currency. It'll be great for the current holders but people will simply move elsewhere, even if it's just a psychological thing - people would prefer 1,000 units of a stable currency than 0.0001 units of a slowly increasing currency. There is enough room in the market for lots of people to get richer, so don't fret over other coins creating competition.