Ethereum Outperforms Bitcoin Trading Operations

[Coin_trader]

People are buying ETH for the merge rumor hype, let see what happened after the merge actually happened. If it actually solve the gas fee issue, and ETH finally can scale up again so there is a small possibility that ETH will finally take over bitcoin marketcap. Only small possibility not a big one, because bitcoin will also get more adoption.

Most of the Blockchain that has a PoS consensus has no problem on gas fee since it’s much faster to process blocks on this way. We can’t just guarantee if it will handle properly all the transaction coming from the Ethereum ecosystem dapps because this is the most busy blockchain among the crypto blockchains. I think it will not solve instantly all the lapses of PoW Ethereum but rather this will just open for a lot of scalable solution to fix the issue of Eth blockchain.

Many Blockchain will be dead or decrease transaction volume once Ethereum merge become successful because this other blockchain exist because of the Ethereum Scalability issue. Ethereum might rival again Bitcoin at the top if everything goes according to the plan.

[eaLiTy]

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being .

[Tytanowy Janusz]

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being .

Most of people who were buying ETH last few months to catch pro-fork pump are people who will not be affected by technical risks because most of them will start to dump 3-10 days before fork. Because that's when pre-events bubbles have their top most of the time. People who will be affected by those risks are people who are just about to know about it from mass media which are spamming about merge more and more the closer we are to it. Just few days ago many sites created countdown:

https://www.binance.com/en/ethereum-merge

People like OP (thinking that this big traffic is because of possible flippening, not because of pre-fork merge). People like him:

The latest rumour going around about the Ethereum merge is a dump after, you are wrong if you are one of them, Ethereum going proof of stake and fixing the high gas fee have automatically turn this project into a GOLD, every whales will want to stake and enjoy the rewards, even if a dump happens after the so called fork it won't last.

Those will for sure lose during this event in short/medium and maybe even long time frame.

[GreatArkansas]

(.....)

The latest rumour going around about the Ethereum merge is a dump after, you are wrong if you are one of them, Ethereum going proof of stake and fixing the high gas fee have automatically turn this project into a GOLD, every whales will want to stake and enjoy the rewards, even if a dump happens after the so called fork it won't last.

Those will for sure lose during this event in short/medium and maybe even long time frame.

First, The Merge event on Ethereum will not fix the current high transaction fees on the Ethereum network.

The reason why Ethereum gains too much trading volume is yes because The Merge event, I also realize this as most of the time these past few days, most of the entries on my trading is on Ethereum and I notice the trading volume on Ethereum is growing high compared to Bitcoin.

[South Park]

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being .

This is similar to what happened back in the day when the developers wanted to activate the segwit upgrade and the miners decided to create their own coin, this created a lot of hype for bitcoin back then and this created a huge interest in buying bitcoin because you could get two coins for the price of one, and now we are seeing something very similar happening with ethereum, however I have my doubts that we will see the price to skyrocket as the market conditions do not seem to be conductive of such movement.

[FanEagle]

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being .

This is similar to what happened back in the day when the developers wanted to activate the segwit upgrade and the miners decided to create their own coin, this created a lot of hype for bitcoin back then and this created a huge interest in buying bitcoin because you could get two coins for the price of one, and now we are seeing something very similar happening with ethereum, however I have my doubts that we will see the price to skyrocket as the market conditions do not seem to be conductive of such movement.

I am not sure if there will be an "ethereum cash" type of deal or "ethereumsatoshis vision" type of deal at all. Those things were created and got a bit of attention at first, but then they went down hard, they are nowhere to be found right now, which is a proof that people already realized what a mistake it is to buy them, and that means if anyone tries to go around ethereum, then they are going to lose money just like they did with bitcoin cash.

Of course, the early ones who got it for free made a bit of profit, but anyone after that lost money because it dropped when all else went up. Hence, ethereum is the only one and won't be getting any proper competition.

[South Park]

This is similar to what happened back in the day when the developers wanted to activate the segwit upgrade and the miners decided to create their own coin, this created a lot of hype for bitcoin back then and this created a huge interest in buying bitcoin because you could get two coins for the price of one, and now we are seeing something very similar happening with ethereum, however I have my doubts that we will see the price to skyrocket as the market conditions do not seem to be conductive of such movement.

I am not sure if there will be an "ethereum cash" type of deal or "ethereumsatoshis vision" type of deal at all. Those things were created and got a bit of attention at first, but then they went down hard, they are nowhere to be found right now, which is a proof that people already realized what a mistake it is to buy them, and that means if anyone tries to go around ethereum, then they are going to lose money just like they did with bitcoin cash.

Of course, the early ones who got it for free made a bit of profit, but anyone after that lost money because it dropped when all else went up. Hence, ethereum is the only one and won't be getting any proper competition.

And you are right, however we must remember that we are in the market of cryptocurrencies, a market in which people invest in all kind of projects that have nothing behind them, so it is not difficult for me to believe that we are going to see a hard fork for ethereum and that at the beginning there is going to be a lot of speculation for that coin which will make it to go up in value, but eventually this interest is going to disappear as no one will actually use it for any kind of transaction online or offline.

[Captain Corporate]

It is clear that people mainly will decide to go with ETH that we have right now, the proof of stake one, the hard forks are rarely ever getting any attention and I do not think that it will get any attention now neither. The problem is that people are expecting way too much from ETH right away, there isn't a real reason to be afraid of the situation and the fear that miners will move to another ETH and that one will be the main one is a wrong understanding of why this happened. The whole idea was to get rid of miners anyway, they will of course leave, this was done exactly for that reason, to think that it would be avoidable would be foolish. We got rid of the miners and now we are going to do well without them.

[Kocret02]

The price of Ether (ETH) got a boost after The Merge in hourly metrics and is around USD 1,635 according to data from TradingView.

But it persisted for a long time, on Friday morning (9/16/2022) trading, the price of ETH fell again. According to data from Coinmarketcap, Ethereum is hovering around $1,471 or around Rp. 22 million, Ether is down 10.02 percent in the last 24 hours and 1042 percent a week.

[Johnyz]

Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

There’s a lot of instances that Bitcoin is being out performed by the altcoins and I see this as a normal and healthy scenario for the cryptomarket. ETH is a good coin and there’s no doubt about this one, now that there’s also an update with them the probably we might see a more expensive ETH but again, BTC is the king and no one can replace it on top not even on a bull market.

[samcrypto]

Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

There’s a lot of instances that Bitcoin is being out performed by the altcoins and I see this as a normal and healthy scenario for the cryptomarket. ETH is a good coin and there’s no doubt about this one, now that there’s also an update with them the probably we might see a more expensive ETH but again, BTC is the king and no one can replace it on top not even on a bull market.

Altcoins are more active when it comes to trading, and you can see some of them really achieve 100% increase over a month while Bitcoin remains on a lower percentage but that doesn't mean Bitcoin is being outdated, it's just that there are times for Altcoins and there's time for Bitcoin. ETH did a great job over the years and being able to stay below Bitcoin is already a big achievement. Now talking about the update, I can say that this can strengthen ETH Network and probably in the next bull run we might see another peak for the top coins. Bitcoin will still remain the top coin, and even if altcoins outperformed Bitcoin in trading profit, there's still none of them can replace Bitcoin.

[kapalmabur]

Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

There’s a lot of instances that Bitcoin is being out performed by the altcoins and I see this as a normal and healthy scenario for the cryptomarket. ETH is a good coin and there’s no doubt about this one, now that there’s also an update with them the probably we might see a more expensive ETH but again, BTC is the king and no one can replace it on top not even on a bull market.

That's true despite the good development of Ethereum but still Bitcoin is still superior,
I agree that Bitcoin will remain the king of crypto and it really can't be contained by any coin,
but again this is crypto which is difficult to predict and better just follow its development

[Bazzu]

Yes indeed now many people are buying ethereum, because they see the good potential in ethereum, because the price of ethereum is still cheap so many people are interested in buying ethereum to make long-term investments, but of course bitcoin also I think the trading volume will continue to increase, and of course for sure in the future bitcoin will again lead again in trading volume. because still bitcoin is the first rank. And the fans are growing.

[Kocret02]

Ethereum has outperformed Bitcoin during 2021 as well as during the recent price boom which was followed by the achievement of new record peaks for both digital tokens.
The Platform and Energy factors that have supported the second leading cryptocurrency to be higher than Bitcoin, and Ethereum is expected to continue to win against Bitcoin.

[South Park]

Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

I am not so sure I agree with what you state about ethereum having the bigger use case, the only thing that ethereum has produced so far are thousands upon thousands of shitcoins we do not need in this market, while bitcoin has allowed countless transactions between parties without relying on a bank, so while the use case of bitcoin is still going strong people are really beginning to get tired of shitcoins as the only thing that happens with those coins is that if you dare to invest with them then you eventually get scammed.

[Tony116]

Ethereum has outperformed Bitcoin during 2021 as well as during the recent price boom which was followed by the achievement of new record peaks for both digital tokens.
The Platform and Energy factors that have supported the second leading cryptocurrency to be higher than Bitcoin, and Ethereum is expected to continue to win against Bitcoin.

Admittedly, the usecase of ethereum is very wide, has very high applicability, new projects, new technologies, new trends in the crypto market are mostly created from the ethereum blockchain, but for ethereum to overtake bitcoin is something that will never happen.

Although ethereum is useful but bitcoin is still the safest coin today thanks to its decentralized nature, as long as there is volatility, everyone looks to bitcoin as a haven, altcoins assets are all dumped.
Bitcoin remains the top choice for countries and companies that want to accept cryptocurrencies and not any other altcoins.

[ningrum]

Ethereum has outperformed Bitcoin during 2021 as well as during the recent price boom which was followed by the achievement of new record peaks for both digital tokens.
The Platform and Energy factors that have supported the second leading cryptocurrency to be higher than Bitcoin, and Ethereum is expected to continue to win against Bitcoin.

I don't know if it will continue or not but Ethereum has that potential,
this is crypto where anything can happen and that's why crypto is hard to predict,
the most important thing is to keep up with the progress

[bounceback]

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

Exactly as you said that after the merger event is over Bitcoin will again outperform ETH and it is proven even now if we see the price of ethereum coin has dropped to the level of $1.2k and has returned to rank 2 in the market, when the pre-merger Hype came in the price of etherum coin had touched the level of $ 1.7k but it was only temporary and it's only natural that at that time the trading volume of ethereum coin could outperform Bitcoin.

[South Park]

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

Exactly as you said that after the merger event is over Bitcoin will again outperform ETH and it is proven even now if we see the price of ethereum coin has dropped to the level of $1.2k and has returned to rank 2 in the market, when the pre-merger Hype came in the price of etherum coin had touched the level of $ 1.7k but it was only temporary and it's only natural that at that time the trading volume of ethereum coin could outperform Bitcoin.

This is why it is important to not get ahead of ourselves, without a doubt the merger was an event that attracted the attention of people all around the world and not only of those that were interested in the market of cryptocurrencies because of the transition ethereum made from proof of work to proof of stake, and it is obvious that what we were seeing was just temporary, so like always people need to be way more careful when it comes to the predictions that they make or they run the risk of losing money over those mistaken predictions.

[posi]

Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

How Will Ethereum Beat Bitcoin? I can't find any way for it to beat bitcoin in the future. To make matters worse, the POS upgrade turned ethereum into a centralized coin managed by whales that can be freely manipulated. The future of ethereum is a big question as it becomes more centralized whether privacy-priority investors will continue to back it. It is considered to be the biggest, best altcoin because using POW is both secure and decentralized that no other altcoins own, but with the move to POS, it has ceased to be special.