Is ethereum still a viable alternative to Bitcoin?

[domoy77]

What if the choice is Polygon (MATIC). It seems that Polygon fits the criteria you described for investors looking for profit because so far Polygon (MATIC) is classified as a good crypto with a much cheaper price including transaction fees.

Polygon is a good choice and so far it certainly won't be bad to be an investment because considering that it is still at the beginning of the year and who knows Polygon will continue to improve this year so choosing it now is the right thing.

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[Ten98]

I think it's better to switch to BSC, CRO, MATIC or something else, the expensive and slow ETH network is slowly being abandoned by the developers so I'm sure one day ETH will be out of the top 100.

Looks like you have to go to the hospital to check whether your brain nerves are still healthy or not
Because ETH has never been abandoned by the developers themselves and to get out of the top 100 is a dream that will never come true, because until now there hasn't been a single Altcoin that has been able to shift it in the second rank #think

[dEjAvOU]

Ethereum still has good potential to be a profitable coin, I'm sure that the price of ethereum can go up to 10x someday and we will get big profits by being patient to buy and hold Ethereum.

[tarable]

I think it's better to switch to BSC, CRO, MATIC or something else, the expensive and slow ETH network is slowly being abandoned by the developers so I'm sure one day ETH will be out of the top 100.

it's not easy just Ethereum will get out of the top 100 bro. So far, many people have complained about Ethereum because of the expensive transaction fees, but if it is calculated when the Ethereum price is far below the current price, the comparison is the same.

[Kasabus]

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.

I would advise them to take both eth and btc, so in the next rally they'll going to acquire huge gains in each respective asset. Quick profit won't be certain, that's only by chance to make it so fast as lucky as the whales. For small investors, we need to wait and be patient in order for us to achieve our goals.

Exactly. There is no room for quick profits in crypto as most of the huge profits are earned from long term hodling. And if you are new to this market, i would advise too to invest in bitcoin and ethereum as they have high potentials that they will be more valuable after this correction or once the market has recover from the price dumps.

However, if you wish for quick profits, invest in them and hold them in just a short period of time. But you should be good in short term trading so you can be capable of making them profitable.

[btc78]

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.

Ethereum is a old and good coin , But viable alternative? there are so many coins that does not have too much Gas fee when the price starts to increase so why would use ethereum over bitcoin and altcoins?

if you are afraid of high fee from bitcoin then you are also having the same for Ethereum so best to try other coins instead.

Ethereum still has good potential to be a profitable coin, I'm sure that the price of ethereum can go up to 10x someday and we will get big profits by being patient to buy and hold Ethereum.

He is asking about ethereum being Viable and not to be a potential coin to invest with because it has been proven that ETH is a good investment at all.

I remember price of Ethereum in the past and now it almost reach 5k .

[Jose Mourinho]

I think ethereum is still an altcoin that has great potential to be a viable alternative to bitcoin, because ethereum still has criteria that can provide huge profits for its holders, but at the moment we have to be patient to see ethereum grow again because at the moment the crypto market is still very sluggish , although eth has large gas costs but it is not a scourge for big investors to keep holding ethereum.

[Reatim]

Ethereum still has good potential to be a profitable coin, I'm sure that the price of ethereum can go up to 10x someday and we will get big profits by being patient to buy and hold Ethereum.

Ethereum is always profitable currency , I will never trust this if i don't see potential of making double the value now in the next couple of years.

while bitcoin had already stablished the position for many years and still making insignificant climb every other years.

So yes Ethereum still Viable alternative to Bitcoin as what i believe.

[Chato1977]

Solana Would be the Viable coin to be alternative from Bitcoin , I may have saying this early but I have belief in this coin than Ethereum , because ETH has done enough and yet not working that best for the interest of its users.
for how long yet still pending the release of the new update of 2.0 version?

[DU18]

I think ethereum is still an altcoin that has great potential to be a viable alternative to bitcoin, because ethereum still has criteria that can provide huge profits for its holders, but at the moment we have to be patient to see ethereum grow again because at the moment the crypto market is still very sluggish , although eth has large gas costs but it is not a scourge for big investors to keep holding ethereum.

In the last week the market movement has been negative and ethereum is an investment that experienced a drastic price drop, even I saw on coinmarketcap that ETH in day trading was actually 4.46% and the price stayed at $ 3,215.06, even down in price by around 5.14% in a week, of course the current price decline could be our chance to buy ETH, I think if ETH can reach the price resistance level at $3,500 of course the price will probably recover quickly within the consolidation range.

[Furious 7]

yep, they are still viable but maybe now they are an option and one of the few alternatives, there are some competitors (in my opinion) in the market like bnb or other rising coins like sol, cardano and even polygon.
but ETH is still ETH. They will be one of the decent coins to be an alternative to Bitcoin.
even though many complain about gas for which there is still no right solution but still ETH is still the top choice

[fullhdpixel]

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 has always been one. ETH is not just technologically improved version, but it is also a big one even with the gas fee problem. I mean imagine how big it would be without the gas fee problem and that is not technologically impossible to fix neither, so one day it will eventually be fixed. However, even before it is fixed, it still gets billions of dollars of movement all the time.

This is why I love it so much, it is so big and yet still has a huge potential. I grew my ETH holdings in my portfolio in the past year, it is definitely one that I am looking forward to see higher. 2.0 is around the corner for sure, don't know when it will be, but it will surely be at a good level and by that point 2.0 will take it to another level.

[bestcoins1]

But right now, it's not really convenient to do transactions there. But still a lot are doing their transactions there because they have to.

Compulsion is a bad thing and even I personally also very often ignore it when I see Gas transaction fees that don't go down and often increase.

It's inconvenient due to the price but we need to wait until they're done with the 2.0 which is believed to lower down the transaction fees. The London hard forked made the price high due to the burning mechanism and hopefully it does too.

Eth 2.0 is a good hope for every Ethereum user but it hasn't arrived yet and even if it does, I'm sure the effect on the transaction Gas fee will also not be too big which means the problem with Gas fees will only change in a very small number

[kapalmabur]

Solana Would be the Viable coin to be alternative from Bitcoin , I may have saying this early but I have belief in this coin than Ethereum , because ETH has done enough and yet not working that best for the interest of its users.
for how long yet still pending the release of the new update of 2.0 version?

Ethereum continues to try to do many things for the convenience of its users even though until now it has not been enjoyed by its users. The only hope is on the release of the version 2.0 update which is not certain when.

For the release of version 2.0, everyone is still waiting for it, of course,
I don't think there's anything we can do other than to be patient and wait for it, even though there's no certainty.
the most important thing is to follow the progress

[Xinarae*]

What if the choice is Polygon (MATIC). It seems that Polygon fits the criteria you described for investors looking for profit because so far Polygon (MATIC) is classified as a good crypto with a much cheaper price including transaction fees.

Yes, Many cryptocurrencies have great potential and have allowed their investors to make huge profits in 2021. BTC and ETH have seen their highest prices this year but their prices are currently much lower so Polygon MATIC is going to be much better this is considered an ETH option.

[slaman29]

There's no exact timeframe when it will be done. We have nothing to do right now but just to wait until everything is fixed. The gas fees shall remain until they're back to 5 gwei or even at 1.

Yesterday I managed to get a transaction (regular send of ERC20 tokens) for 99 gwei. Suggested was around 120 but I didn't mind waiting. Took 6 hours, but it wasn't urgent so I was happy to save about 20% which right now is about $8, not too bad.

I think if more people also sent low priority (or even edit to make it below low) on non-urgent transactions, we would help keep fees low.

[ven7net]

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.

Personally, I see no reason to sell BTC in order to buy ETH in return. If you have already bought BTC, then it is better not to sell it, but also buy ETH, then you will own two promising cryptocurrencies. But if you would like to have one cryptocurrency, then in my opinion it is best to leave BTC, since BTC in my opinion has a better chance of increasing its price in the future. However, if you are a pro in cryptocurrency trading, then you should probably sell your assets for a while and buy those that are now showing a lot of price volatility, which will allow you to make a big profit.

[Silberman]

I think it's better to switch to BSC, CRO, MATIC or something else, the expensive and slow ETH network is slowly being abandoned by the developers so I'm sure one day ETH will be out of the top 100.

Even if technically anything can happen in the world of cryptocurrencies I find this difficult to believe, I mean most of the time the reason other blockchains are faster and cheaper than ethereum has nothing to do with the technology and it has to do simply with the level of adoption between those coins, once those coins reach a level of adoption similar to what we see in ethereum then we are bound to see the same problems emerging, so I doubt ethereum is going to be out of the top 100 as easily as you think.

[sana54210]

Yesterday I managed to get a transaction (regular send of ERC20 tokens) for 99 gwei. Suggested was around 120 but I didn't mind waiting. Took 6 hours, but it wasn't urgent so I was happy to save about 20% which right now is about $8, not too bad.

I think if more people also sent low priority (or even edit to make it below low) on non-urgent transactions, we would help keep fees low.

Even with that, we are talking about 8 bucks, and 6 hours of waiting time. Do you think that is a proper transaction? I mean if your bank asked 8 bucks for transaction that takes 6 hours, you would be furious and call up your bank and argue with them and even seriously consider changing banks if that was the case each time around. I do not know other nations banks and their movements but in my nation it is free for me to send money and takes no time for inside the nation, and yes it is more expensive globally and takes longer but at the very least if I am sending somewhere within my nation it is free and nearly instant.

Crypto doesn't have that, if we are dealing globally then it is cheaper, but if we are sending to our friend sitting next to us, it is the same cost as sending to someone living in another nation. This is why it has to get so much lower, 8 bucks and 6 hours doesn't really work at all.

[slaman29]

Yesterday I managed to get a transaction (regular send of ERC20 tokens) for 99 gwei. Suggested was around 120 but I didn't mind waiting. Took 6 hours, but it wasn't urgent so I was happy to save about 20% which right now is about $8, not too bad.

I think if more people also sent low priority (or even edit to make it below low) on non-urgent transactions, we would help keep fees low.

even for me, $8 is quite a lot of money for the fee. yeah, but for the ethereum fee it's quite cheap. to be honest, as much as possible I still avoid using ethereum as an alternative to bitcoin because the fees are very expensive. well, for now, I tend to use BSC if looking for an alternative to using ethereum. well, I think, transactions with large fees are not very good transactions. that is my judgment. so I'm really avoiding it for the time being.

I wouldn't say cheap, I'm not thinking in terms of even dollar to fiat conversion as where I come from, $8 is a stupid amount of money to pay for a transaction. Even sending Western Union will never cost as much as that. Problem is the need to use it because some places insist to use ERC20.

Even with that, we are talking about 8 bucks, and 6 hours of waiting time. Do you think that is a proper transaction? I mean if your bank asked 8 bucks for transaction that takes 6 hours, you would be furious and call up your bank and argue with them and even seriously consider changing banks if that was the case each time around. I do not know other nations banks and their movements but in my nation it is free for me to send money and takes no time for inside the nation, and yes it is more expensive globally and takes longer but at the very least if I am sending somewhere within my nation it is free and nearly instant.

Crypto doesn't have that, if we are dealing globally then it is cheaper, but if we are sending to our friend sitting next to us, it is the same cost as sending to someone living in another nation. This is why it has to get so much lower, 8 bucks and 6 hours doesn't really work at all.

Dude, I'm not defending Ethereum here at all. I don't know why you think I am when clearly I was sharing, and in my past posts I'm not even happy (who the hell is happy paying that much for fees, and that's "low" now).