Is ethereum still a viable alternative to Bitcoin?

[bittick]

what will you advise for a new investor.

To be honest you can't sure whether both bitcoin and ethereum will still viable for the new investors it's caused by both already valued a lot and it's not all of new investors are having big wallet. that's why calling altcoin as alternative investment in this case totally make sense for those who can't afford to invest their money in bitcoin and ethereum. Ethereum is still viable as an alternative investment other than bitcoin but remember that each ethereum needs you to pay around 4k or even more. It's not all of new investors can also afford to buy this ethereum with a big quantity. Those who can afford to buy small quantities of ethereum will be only gettins small profit for their investment. it totally depends on how much capital that owned by new investors.

You are right most new investors will prefer to invest in newfound that can easily give them good turnover with small capital, Bitcoin is too expensive now for small capital so new projects are now the option available but again when you talk about stability then Bitcoin has more stability compared to that other coin.

Yeah but small investors didn't even look for it. They are wanna to multiple their money in a short time. that's why the small investors are also using the meme tokens as a way to gamble their money and make it becomes multiple times in a day or even hours.

Can you expect the price of bitcoin to be doubled in a short time? Bitcoin has more than 1 trillion marketcap. The new investors have been motivated by so many big influencers that started with nothing to something.
The only problem is small investors are going so crazy to invest in the meme tokens and this is also making more and more scammers to come to the cryptocurrency.
I do believe small investors will never search an investment opportunity with so many marketcap

[saladin7000]

I don't think so from beginning Ethereum has been a alternative to Bitcoin but now so many new project with new blockchains has come. Eth network are very expensive now to use for future transactions. Other blockchain are very advance and cheap so big channces are that eth will definitely out of battle now and i see that in future any project will take place of Ethereum. Other blockchains are BnB, Matic, Solana, and Tron. They are very cheap and easy to use.

you are right mate,,,!!!
now there are many new blockchains emerging like the ones you mentioned BNB, MATIC, SOL, and TRON, but can you see they are competitors and can threaten the popularity of ethereum, even though ETH has a fairly high transaction fee, but currently ETH the more is growing, and is still used by most crypto users, why is that? because ethereum is an alternative investment from BTC, I think if a network is used with a large capacity the network costs will increase, maybe this will also be experienced by BNB, MATIC, SOL, and TRON someday.

[eaLiTy]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

If you are looking to invest, my advice would be to wait for a correction before leaping in the market, right now the market is soaring at an all time high valuation and i would not advice anyone to invest now. Wait for the market direction to have a clarity on taking any decision. When it comes to ETH, the developers are struggling to find a solution to sort their scaling issues and until that is sorted, even their future is at risk as more projects are moving to alternative networks.

[Russlenat]

I'm sure bitcoin will remain at the top but I'm unsure with ETH as there's good competition in the altcoins market. Being stable is not a thing in crypto, when the bear market comes, everything will dump including bitcoin and it's just a matter of how they'll survive and on how huge the dump will happen.

In terms of a payment system, bitcoin is way better now as you can transact with lower fees compared to Ethereum.

[freedomgo]

I'm sure bitcoin will remain at the top but I'm unsure with ETH as there's good competition in the altcoins market. Being stable is not a thing in crypto, when the bear market comes, everything will dump including bitcoin and it's just a matter of how they'll survive and on how huge the dump will happen.

In terms of a payment system, bitcoin is way better now as you can transact with lower fees compared to Ethereum.

You are right. It will not be surprising if ethereum will be replace from its position in the future due to its own issue having a high transaction fees. And since the altcoin market a lot of projects have been emerging every year, and if it happens that there's another smart network that has low transaction fees and seems reliable, i think most of the projects will grab for it.  But i also hope that ethereum's issue will be fix already as its hard to trust another network which has gained already a strong foundation.

[Ararbermas]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

you can do both actually if you can't decide where to invest mate and since you're new it's good decision to rely on both coins in my personal opinion wherein to prevent risky situation..but when it comes gaining quick profits probably impossible, i mean you can't get good return because they're worth holding for long term only. Unlike alt coins that literally making hypes especially if it's new one. But too good to be true when it comes investing and yes bitcoin and ethereum still a very reliable option than other alts in the market.

[bittraffic]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

It's not really "alternative" as they have build something completely different from each other. If you are looking for upside, you should look at the marketcap, and that has way more room to go then bitcoin. After eth 2.0 really starts to have an effect with speed and cost, eth will most likely flip btc marketcap. Before that it's just gambling with a coin that's too expensive to even use.

I doubt ETH will flip BTC marketcap seeing that only a few institutions express their interest in ETH but there are speculations that ETH will rise up to $20K. It will be hard to see that ETH will be on top of BTC because of its total supply which if they are going to move to POS soon, there will be a chance that it could trigger a bear market. But this is still just what they are speculating. If memory serves it was in the Savvy Finance youtube channel that I heard of it while BTC will go going to $250K.

[eaLiTy]

~
However, ethereum may not be considered as an alternative to bitcoin since they have different functions. But i should say, prioritize bitcoin first and when you see you are already in profits, that's the time that you will start accumulating ethereum too. Its just that its current issue about high gas fees is not yet resolved but i think its still a good pair for bitcoin.

Even you mentioned the high gas fees of Ethereum and the entire investors are waiting to see a solution for the scaling issues they are trying to sort for over an year. They are changing their consensus algorithm and has created a hype in that aspect but how long it will take for them to sort the scaling issues is still a debate. Unless we see a clarity on that aspect i would not advice anyone to invest when the price is already rallying at an all time high.

Projects started on the Ethereum network are migrating to alternative networks because they are finding it hard to convince the investors who invested in their projects to carry on with Ethereum network and you need to take all these situations into consideration while investing in it.

[Silberman]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

Since it seem you are only interested in the profits you can get and nothing more then it could be a better idea to invest in altcoins that do not have such a huge market cap, you will be taking a greater risk than if you invest in BTC and ETH, but that is to be expected if you want to obtain higher profits than what those two coins can reasonably give you, that being said you need to be incredibly careful as if you happen to invest in the wrong altcoin and you do not have a good investment strategy you could lose whatever you invest in it.

[SUPERSAIAN]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum

Remaining in bitcoin and ethereum and as well as exploring into other projects. We're all free to do it and there's no restriction on what are the choices are and what must we should choose.

so what will you advise for a new investor.

Invest to bitcoin first and if they're ready to diversify, they should go next to Ethereum. But with the majority hopping into different altcoins because of those tremendous returns, they might bypass the advice.

I would say it would be good if they only focused on altcoins, by the way, I totally agree with what you said. The first investment should be bitcoin, alternative investment, ethereum. Beginner novice traders buy ridiculous meme tokens or useless NFTs to make big money and expect 10x - 100x gains, it's really impossible to find these gains in one go, the probability is very low, they completely leave the market when they lose their assets. Then, when they see the rise again, they enter the market again, it's always the same scenario.

[Oceat]

Why find another alternative to ETH when it's the closest alternative of Bitcoin, perhaps you could try BNB too since it's following the trend of Bitcoin. Although, I have a doubt about that coin though since it's gaining too popularity due to NFT and what if NFT gone all of a sudden just like the ICO before?

Well, better invest in Bitcoin or Ethereum if you really want to secure your profit since we are still in a bull run. I'm sure Bitcoin in the long run will give us much more profit than what we expected.

Meme coin on the other hand is just for short term investment to me since we all know how Musk play the market within its hand. Take a profit as fast as you can or while you can because I believe in no time Musk will just leave it again just like what he did to Bitcoin.

[stadus]

Why find another alternative to ETH when it's the closest alternative of Bitcoin, perhaps you could try BNB too since it's following the trend of Bitcoin. Although, I have a doubt about that coin though since it's gaining too popularity due to NFT and what if NFT gone all of a sudden just like the ICO before?

Well, better invest in Bitcoin or Ethereum if you really want to secure your profit since we are still in a bull run. I'm sure Bitcoin in the long run will give us much more profit than what we expected.

Meme coin on the other hand is just for short term investment to me since we all know how Musk play the market within its hand. Take a profit as fast as you can or while you can because I believe in no time Musk will just leave it again just like what he did to Bitcoin.

For me, bitcoin and ethereum are definitely perfect pair already so there is no way i should doubt ethereum as it has a very strong foundation too next to bitcoin. Although it has its own issues that until now is not yet resolved, but investing in ethereum is also worthy as its price has gone too high already for an altcoin. And as bitcoin keeps dominating the market, when it reaches a new ATH then its always expected that ethereum too will be influence by bitcoin and will always follow the upward trend of bitcoin.

[Pejoh Asu]

I think Ethereum's position is still strong and in 2022 there is still a chance to skyrocket again, although many developers are running because transaction fees are expensive and getting slower but the other side is that only real projects that have large capital will be on ERC so investors don't hesitate to invest in the network Ethereum.

[JeffBrad12]

so what will you advise for a new investor.

The new investors should never try to take a look at ethereum and bitcoin. Both are very difficult to increase without the help from the big money to come in. I see that even some companies are still buying more and more bitcoin but remember that with billion marketcap and bitcoin needs to do another halving to double its price. Bitcoin and ethereum are good coins are these moments but as a new investor and it's better to stick to the altcoins.
Remember that when bitcoin and ethereum can't give the users passive income like what altcoin did. Ethereum is the best altcoin at this moment but remember that both are not suitable anymore to be used as an investment for newbies with small amounts of money in their pocket. The best altcoin will always be viable to be an alternative investment when people are thinking the price of bitcoin is too big at this moment.

[Argoo]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

It's not really "alternative" as they have build something completely different from each other. If you are looking for upside, you should look at the marketcap, and that has way more room to go then bitcoin. After eth 2.0 really starts to have an effect with speed and cost, eth will most likely flip btc marketcap. Before that it's just gambling with a coin that's too expensive to even use.

It looks like it will. The more the price of bitcoin rises, the more difficult it will be for its holders to make a profit, because it will be much more difficult for him to increase the price several times, as it was before. In this regard, ethereum still has a large reserve, since its price is relatively low. In addition, altcoins are developing quite quickly and attract investments that were previously usually intended for bitcoin. In this regard, the level of his dominance is steadily declining. Already, the dominance of Bitcoin is 39.6 percent.
If the ethereum network upgrade succeeds, the popularity and value of this coin will skyrocket. Therefore, I am investing more in ethereum for now.

[galambo]

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

This issue is as old as hills. Bitcoin is truly a decentralized coin with anonymous creator while that's not the case in ETHEREUM, it has a founder that is still known and the blockchain is maintained by a team of developers. So I dont think Eth is an alternate to BTC. Right or wrong these are my few satoshis.

[Fesatmas]

Ethereum is helped a lot from projects that continue to develop ERC-20 such as Exchanges or NFT, for the use or direct adoption of Ethereum continues to decline, this is because of the many complaints about transaction fees and of course the speed continues to decline compared to other platforms.

Even though in terms of usage through the new project the Ethereum network has fallen into disuse, it is clear that Ethereum will always be good for trading and will remain in a very good position for the future, so there is no particular reason to hate it now.

It is true that Ethereum will always be the most powerful alternative after Bitcoin. It's just that we can trade it on the exchange, not recommended for DEX. Better to avoid crazy fees and hold them on Exchange. Although many people will disagree about holding Ethereum on the exchange for too long. As long as you hold the key securely, it's fine. The next candidate who is often an alternative for me personally is of course Solana, who is also predicted to be the forerunner of Ethereum in terms of development and in terms of low transfer fees.

[24Kt]

Ethereum is helped a lot from projects that continue to develop ERC-20 such as Exchanges or NFT, for the use or direct adoption of Ethereum continues to decline, this is because of the many complaints about transaction fees and of course the speed continues to decline compared to other platforms.

Even though in terms of usage through the new project the Ethereum network has fallen into disuse, it is clear that Ethereum will always be good for trading and will remain in a very good position for the future, so there is no particular reason to hate it now.

It is true that Ethereum will always be the most powerful alternative after Bitcoin. It's just that we can trade it on the exchange, not recommended for DEX. Better to avoid crazy fees and hold them on Exchange. Although many people will disagree about holding Ethereum on the exchange for too long. As long as you hold the key securely, it's fine. The next candidate who is often an alternative for me personally is of course Solana, who is also predicted to be the forerunner of Ethereum in terms of development and in terms of low transfer fees.

Other competing networks with ETH, will need to catch up on how far the ETH has already influenced the market. But we always welcome new networks as we will have better options to choose from. If the gas fee problem will continue to exist, more than likely, these new networks will be utilized heavily by users. Because up until now, the gas fee problem is a burden for most small traders. The fee is fine if you are a whale or big trader but you will be bleeding if you are just a small one.

[Tellek Garing]

Ethereum is helped a lot from projects that continue to develop ERC-20 such as Exchanges or NFT, for the use or direct adoption of Ethereum continues to decline, this is because of the many complaints about transaction fees and of course the speed continues to decline compared to other platforms.

Even though in terms of usage through the new project the Ethereum network has fallen into disuse, it is clear that Ethereum will always be good for trading and will remain in a very good position for the future, so there is no particular reason to hate it now.

It is true that Ethereum will always be the most powerful alternative after Bitcoin. It's just that we can trade it on the exchange, not recommended for DEX. Better to avoid crazy fees and hold them on Exchange. Although many people will disagree about holding Ethereum on the exchange for too long. As long as you hold the key securely, it's fine. The next candidate who is often an alternative for me personally is of course Solana, who is also predicted to be the forerunner of Ethereum in terms of development and terms of low transfer fees.

Other competing networks with ETH, will need to catch up on how far the ETH has already influenced the market. But we always welcome new networks as we will have better options to choose from. If the gas fee problem will continue to exist, more than likely, these new networks will be utilized heavily by users. Because up until now, the gas fee problem is a burden for most small traders. The fee is fine if you are a whale or big trader but you will be bleeding if you are just a small one.

You are right many ethereum traders hard hope that the transaction fees on the network will be solved from the latest London hard forks but until now the ethereum 2.0 network still witnesses high fees, this is why the new networks are for searched for by many small ethereum users. I just hope this issue of high fees in the ethereum network will get solved soon, if not lots of ethereum network users will start looking for alternatives from the new networks of chains with relatively low transaction fees.

[buragTrain]

Yes Etherium has high usecase and we seen 3 airdrops already who airdropped 20-50% tokens to all users who have done Etherium transactions and spend some fee there. Many new project looking for Etherium due to high privacy amd security.
Analysis says that Etherium will overvome Bitcoin in long race. Let see what happen. Etherium Dominance is increasing day by day . if it reaches 30% thats will be huge for Etherium.