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

[uneng]

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.

I wouldn't quit because I trust in bitcoin's potential on long run. Even though it becomes obsolete at some point, it will still carry value for collectors as rarity because bitcoin is scarce, limited and the only original crypto currency among all.

At same time it doesn't mean ethereum is a shitcoin. It has the status we see nowadays for a reason and after so many years of existence, side by side with bitcoin, it's not possible to say eth's success is only due to greedy pump/dump speculative or scam schemes. There are legit professionals developing their projects through eth platform and trying to improve it even more. If ethereum were all about hype, speculation and scams it would be already dead by now and replaced by another crypto currency.

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[Slow death]

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.

Is it really that you're calling ETH  shitcoin while you're bragging about litecoin cash?

let the community judge:

Ethereum: second in the coinmarketcap, undisputed

Litecoin Cash: is at position 846 

the real shitcoin Is Litecoin cash is a cheap copy of litecoin that is also a copy of bitcoin, at least ETH is something original, and we need to value that.

[TinaK]

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.

Good decision and I will do the same as you.
Though we have many conclusions that Ethereum will surpass Bitcoin but the fact it is not. In the market, the Bitcoin price movement will always be must follow by other cryptos. When Bitcoin price moving up all market cap altcoins will increase too and Ethereum for me is not a shitcoin, it has a good potential coin that is next to Bitcoin but it is impossible for Ethereum surpass Bitcoin, both supported by the community.

[DapanasFruit]

This is not something that is worth worrying about all because that flippening will never happen at all and they are just in the imagination of people who hate Bitcoin. As for me, I love Bitcoin and Ethereum and there is no need to choose between the two as we can surely use both in our cryptocurrency experience. As of now, Ethereum is still suffering from the incredible gas fees problem and we are looking to its normalization where we can send any token just worth $1- to an exchange because the cost of doing so is just $.10 or even less. With Bitcoin, there will be countries that will recognize it so its is already entering another era of adoption where even common people who are not really into cryptocurrency will be using it just like a normal fiat money.

[molsewid]

Good decision and I will do the same as you.
Though we have many conclusions that Ethereum will surpass Bitcoin but the fact it is not. In the market, the Bitcoin price movement will always be must follow by other cryptos. When Bitcoin price moving up all market cap altcoins will increase too and Ethereum for me is not a shitcoin, it has a good potential coin that is next to Bitcoin but it is impossible for Ethereum surpass Bitcoin, both supported by the community.

I just do believe that it is far from reality that bitcoin will be surpassed by any shitcoins aside from the fact that bitcoin's market price was more than x90 above compared to ETH also bitcoin has a limited supply compared to ETH. But considering the thought that if ever ETH will surpass bitcoin I would still choose to hold bitcoin because I do believe that even if the price will drastically fall down time will come that it will be back to pump again like it is always happen. Above all token bitcoin is the most worthy to invest with in my own opinion.

[davis196]

There's no "choose A and dump B" type of situation in the cryptocurrency world.
Most Bitcoiners have no problem investing in altcoins,tokens,NFTs,etc. while keeping their BTC.
Choosing a particular altcoin/shitcoin or NFT to invest doesn't mean that every guy investing in the shitcoin would dump all his Bitcoins.
I would never invest in shitcoins,it doesn't matter if there's a possibility for a 10000% price pump of a shitcoin,I would never buy such coin.I wouldn't touch it with a 10 meter long stick.
I see that you are a little bit salty about this new Ethereum marketplace.I wonder why?
Were you scammed by some altcoin/ICO token projects in the past,OP?

[TheNineClub]

I wasn't aware that this was a competition. For the betterment of crypto in general diversity is key, and other projects bring other segments to light and different avenues of usability. To think that Bitcoin is the rule setter here and that anything that differs from its path is shit is bad and dangerous. We have to remember that Bitcoin was the first decentralized cryptocurrency, but not the first financial crypto project, and holding to it like gospel is no way to make progress. There is room for any good project out there. 

[arwin100]

Why would I quit bitcoin if ETH surpass it? this is a strong cryptocurrency around so I'm not sure why people think about quitting on it. Also its not a loss for anyone if you decide to do so since its your loss if you totally quit bitcoin if that scenario happen. But this is long way to go for ETH and they need to seek more and more demands before that one happen but for now maybe we can't see that since many are into bitcoin since this is the one adopted and chosen to be a legal tender on 1 country so for sure bitcoin will never go vanish if that one is your concern here.

[ringgo96]

Of course this will be difficult because in the last year a lot of shitcoins who want to surpass bitcoin but all failed to happen, because we have to know the power of bitcoin is so big that it is very difficult to drop by shitcoin, if later ethreum can surpass bitcoin then I remain in bitcoin because I have a strong reason in holding bitcoin, Currently shitcoin is no longer following the flow of bitcoin so the price increase is very slow at a time when bitcoin is increasing, and many investors who hold shitcoin feel strange with the current market movements, and I am sure shitcoin will not be able to surpass bitcoin.

[ivankoh]

Would you quit if a centralized shitcoin managed to surpass Bitcoin in marketcap?

You mean, Ethereum will overtake bitcoin at some point? I really don't believe in this naivety, even if ETH does move to POS in the near future and that process could generate a mass stake pump into the dump. I believe with the upcoming taproot development, bitcoin will get even stronger support. ETH is not a reason to give up bitcoin. Shitcoin is not wrong but it does not have to be imo and fomo to create excessive damage hype.
ETH and BNB are moving closer to concentration. Lol

[Wawa2013]

Why would I quit bitcoin if ETH surpass it? this is a strong cryptocurrency around so I'm not sure why people think about quitting on it. Also its not a loss for anyone if you decide to do so since its your loss if you totally quit bitcoin if that scenario happen. But this is long way to go for ETH and they need to seek more and more demands before that one happen but for now maybe we can't see that since many are into bitcoin since this is the one adopted and chosen to be a legal tender on 1 country so for sure bitcoin will never go vanish if that one is your concern here.

Absolutely no need to quit Bitcoin if Ethereum goes surpass it, because as long as Bitcoin can still generate profit I will continue to invest in Bitcoin.
Anyways I doubt Ethereum is capable of surpassing Bitcoin, because from the time Bitcoin entered the market until now, Bitcoin has always been
the most powerful crypto. So it is indeed a disadvantage if we choose to stop investing in Bitcoin, there have been many projects created to beat Bitcoin,
but always ends in failure. This means that Bitcoin is too strong to beat, so my advice is never to think about quitting Bitcoin.

[Blawpaw]

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.

I guess that could happen, mate. In fact, at some point, I do believe that bitcoin will be surpassed.  Bitcoin is kind of limited when it comes to use cases, so that may be a killer. I only see its usefulness as a Store of value, hence with some other altcoins, we can find a wide variety of use cases. That said, I don't think that the space would become a joke at that point as the "shitcoin" that surpasses Bitcoin may be the recipe that solves the basics problems of scalability and security.

[worldofcoins]

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.

I don't think ETH will ever surpass bitcoin, It might reach a close market cap but it's going to remain under which Bitcoin has.

There had been people saying the same about Ripple and now you can check those people in Reddit XRP groups.
But they're not limited to only Reddit, these people are trying to create XRP hype on youtube also.

[ene1980]

I wasn't aware that this was a competition. For the betterment of crypto in general diversity is key, and other projects bring other segments to light and different avenues of usability. To think that Bitcoin is the rule setter here and that anything that differs from its path is shit is bad and dangerous.

If you look at the entire cryptocurrency market, how many novel projects you can see, you will find only a few and majority are replica that makes any sense and majority of the projects are developed to make money and the developers are making a shit ton of money making these projects.

We have to remember that Bitcoin was the first decentralized cryptocurrency, but not the first financial crypto project, and holding to it like gospel is no way to make progress. There is room for any good project out there. 

I am not asking to use Bitcoin as a gospel, but the rest of the centralized currencies before Bitcoin you are talking about died as fast as they appeared.

[wxa7115]

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.

In the case that happened I will keep holding my bitcoin no matter what, however I will not deny that it will be incredibly disappointing to see this happening, however as unlikely as it may seem I cannot deny there is a chance that happens.

After all if people are still investing in all kind of shady projects even after the huge amount of icos that we saw getting millions of dollars just by copy and pasting a white paper and then exit scam their investors just a few years ago then I do not know what is it going to take for those investors to stop putting money in those scams.

[shield132]

This thread clearly shows this:
1. There are people who post for the sake of signature campaign
2. There are some people who blindly support bitcoin
3. There are people who are neutral and see the pros and cons in both currencies.

Why would someone call Ethereum a shitcoin? There were a lot of great project built on Ethereum and new ones are still built and built.
At least have a look at this: https://consensys.net/enterprise-ethereum/best-blockchain-for-business/11-ways-ethereum-can-benefit-enterprise/

OP, please explain in more details why Ethereum is shit compared to Bitcoin. What you wrote is just a meaningless mix of words, apologize for that but that's true.

[Oceat]

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.

I guess that could happen, mate. In fact, at some point, I do believe that bitcoin will be surpassed.  Bitcoin is kind of limited when it comes to use cases, so that may be a killer. I only see its usefulness as a Store of value, hence with some other altcoins, we can find a wide variety of use cases. That said, I don't think that the space would become a joke at that point as the "shitcoin" that surpasses Bitcoin may be the recipe that solves the basics problems of scalability and security.

Yeah, keep on believing into something that is almost impossible and I find this question as a  joke. Simply because considering how far the price gap of each other and the fact that most altcoins follow the trend of Bitcoin they literally just going to fall too if Bitcoin fall that's just it.

And who would quit that easily just because another coin surpasses your favorite coin? Besides, it's not gonna happen, trust me. No matter how much money you throw into the shitcoin, it won't and the best example is the doge coin.

[KingsDen]

I would like OP to briefly differentiate between Bitcoin, Altcoins and Shit coins, let me understand if actually there is something I'm not getting.
1. Is another name for Altcoins Shitcoins?
2. What attributes will a coin posses to be called a shit coin?
I believe it is not right to call the second leading cryptocurrency a shit coin.
Maybe, some shit coins are emanating from Eth network, but that doesn't mean that Eth it's self is a shit coin.
Bitcoin is the king. Any Altcoins rising above Bitcoin is heading to destruction. So, assuming btc is not an open source protocol, I would have believed that your assumption will happen one day. But nil, it's not gonna happen anyday.

[passwordnow]

I don't think ETH will ever surpass bitcoin, It might reach a close market cap but it's going to remain under which Bitcoin has.

It will never happen. Eth cannot surpass and overtake bitcoin. It's just that there are too many ETH holders thinking that they can see one day seeing it at top one.
The fee of it is even higher than BTC which was the opposite before. Waiting for the next upgrades that they'll deploy to its network unlike bitcoin, it's been calm and lesser fee these days.

[Mahanton]

I don't think ETH will ever surpass bitcoin, It might reach a close market cap but it's going to remain under which Bitcoin has.

It will never happen. Eth cannot surpass and overtake bitcoin. It's just that there are too many ETH holders thinking that they can see one day seeing it at top one.
The fee of it is even higher than BTC which was the opposite before. Waiting for the next upgrades that they'll deploy to its network unlike bitcoin, it's been calm and lesser fee these days.

You couldnt tell because everything would really be unpredictable and there's no way that we could really make out some conclusions on how this market do ends up because ETH is just ranked 2 and we've seen that

dominance back in the past is almost really close to each other which people on time had already presumed that probability but well its too early to say but we cant really remove that kind of possibility.

Everything matters with the demand in the end because lots of people do believe that bitcoin would be number 1 in more years to come.