BITCOIN FUTURE IN DOUBT

[SamReomo]

the gap between bitcoin and ethereum is not that close to the point that you should worry about ethereum overtaking bitcoin even with the approval of etf it will still remain the same as it is

It will take Ethereum a life time to even come close to Bitcoin in capitalization. It's far away from Bitcoin in capitalization by more than 1/4th which's not a small gap. When it will reach Bitcoin's current market cap then Bitcoin will still be higher in capitalization because by then Bitcoin may be more than 3T market cap coin.

[suzanne5223]

You have shared an interesting topic for discussion. It is true that the growth of the Ethereum coin and the peoples interest in it are gaining day by day. But I think Bitcoins future is bright too.

I believe both Bitcoin and Ethereum's future will be bright. Still, whenever a certain altcoin is gaining interest day by day then you should panic about the sudden volatility that will occur because most investors go for altcoin and later divert their profit into BTC.
Another thing is the Ethereum spot ETF that was approved which will lead to the manipulation in price of ETH soon.

The bitcoin price is likely to gain momentum in the next bull run. And if the price of Bitcoin increases a lot, peoples interest in it will increase.

You have a point but only naive cryptocurrency investors won't have his/her interest increase on Bitcoin now due to the rapid selling caused by the German government, and Mt. Gox victim's distribution because when the market is in the panic stage is the best time to ape in.

[Emmanuelex]

This is not the first time people are saying things like this, I have seen it being said so many times and there have been times people said that ETH was going to overtake Bitcoin that year, but it never happened. Don't be fast to believe whatever anyone is saying on the Internet please.

[Z-tight]

This is not the first time people are saying things like this, I have seen it being said so many times and there have been times people said that ETH was going to overtake Bitcoin that year, but it never happened. Don't be fast to believe whatever anyone is saying on the Internet please.

Yeah, and they said the same for so many altcoins, not just ethereum, they called many of them 'the next BTC,' but it is funny how none of them ever became as useful as BTC. Altcoins are mainly used as trading tools, and because people are gambling on it, does not mean people are shifting their attention from BTC to altcoins, and i believe whoever wrote the article op's talking about is just spreading fud and nothing else.

[Abiky]

This is not the first time people are saying things like this, I have seen it being said so many times and there have been times people said that ETH was going to overtake Bitcoin that year, but it never happened. Don't be fast to believe whatever anyone is saying on the Internet please.

Just like Solana folks saying that SOL will overcome ETH in the future. They really don't know what they're saying. No copycat project can beat the original one. Besides, Solana is more centralized than Ethereum.

On the flip side, Ethereum is more centralized than Bitcoin. Stakers (validators) and Vitalik Buterin himself are the ones behind the chain. It's why Michael Saylor and even SEC chairman Gary Gensler think ETH is a security (although Gary stepped back after pressure from giants like BlackRock and VanEck). Bitcoin is and will always be the #1 cryptocurrency in the world. Period. ETH fanboys are being too optimistic. Don't be surprised if ETH is still the second-largest crypto by market cap in the future. At least, ETH's position as "King of Altcoins" will remain unchanged.

[ChiBitCTy]

The second largest cryptocurrency coin is Ethereum, or Ether.  The thing about Ethereum versus Bitcoin is that they are two totally different things, or totally different coins.  That's one of the things that personally attracted me to Ethereum from the beginning is that it's not supposed to do the same things that bitcoin is.  I think you'd have to look at whatever coin is next on the list that follows the outline that bitcoin does. 

I can't see bitcoin every falling below any other coin, personally.

[Rakib15]

Why you compare with bitcoin? Bitcoin is most successful coin in history. Any coin or token price while dump then don’t be panic in bitcoin. Bitcoin is long term investment coin and bitcoin survive long long time. I think, bitcoin will more shine in future.

[NotATether]

While I do think that the coming ETF will do wonders for the value of Ethereum, that doesn’t necessarily mean that Bitcoin will lose its shine. This could very well be a case of a new emerging asset class attracting investment from traditional investors. As such, diversified options aren’t the worst thing. A rising tide lifts all boats.

Sometimes I wonder if Wall Street-type investors would only be buying an Ethereum ETF because they heard that Ethereum can mint NFTs that everyone buys.

Because it sure as hell isn't because of the other parts of the technology. Most of them have not even heard of "ERC-20" or "gas fee".

[lisa_brown]

Bitcoin's future remains strong despite the launch of an Ethereum ETF, which may boost Ethereum's price and appeal. While some investors might shift focus to Ethereum, Bitcoin's established role as a digital gold and its widespread adoption will ensure it continues to be a key player in the crypto market.

[mirakal]

What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.

According to research note published by CryptoSlate.
The exchange, citing various data such as options skewness, portfolio adjustments and whale stocks, noted that the launch of the ETF is likely to boost the long-term price of Ethereum.
And as such investors are selling bitcoin in their possession, to acquire Ethereum and I begin to doubt the future of bitcoin!

I've been tired of hearing negative and a dying prediction from self-proclaimed experts. They know nothing but just purely negative and against crypto. In fact, it was proven already many times when the majority ignored bitcoin at the start and even said it was a joke but look, it is far from what we see in the past years and even breaking its record every ATH.

That is why stop believing these people who claim that bitcoin has no future. No way to attest to that, in fact, it is a growing and profitable investment that we can't just ignore and miss. CryptoSlate just driving your mind into panic and dumping your bitcoin. You will become a loser from believing them.

[Abiky]

The second largest cryptocurrency coin is Ethereum, or Ether.  The thing about Ethereum versus Bitcoin is that they are two totally different things, or totally different coins.  That's one of the things that personally attracted me to Ethereum from the beginning is that it's not supposed to do the same things that bitcoin is.  I think you'd have to look at whatever coin is next on the list that follows the outline that bitcoin does. 

I can't see bitcoin every falling below any other coin, personally.

Ethereum was great until Vitalik and his team ruined it with the switch to PoS. Not to mention, they've been reluctant to increase on-chain transaction capacity. They're forcing everyone to move to centralized L2 networks instead (Arbitrum, Optimism, Base, etc). Despite Bitcoin's high fees and slow confirmation times, no other coin can beat it in terms of decentralization and censorship-resistance. The limited supply of 21m coins is what makes it most attractive.

I don't expect Ethereum ETFs to surpass Bitcoin ETFs in terms of market cap anytime soon. It's like saying Silver will surpass Gold in the future. Not now, nor in another century. Let's all enjoy Bitcoin while it lasts.

[DooMAD]

I notice OP still hasn't returned to the topic.  Just posts the FUD and then disappears off to the next thread without a care.  Maybe this current generation of speculators just have short attention spans.   

[synchronym]

As the days go by people are showing more interest in Bitcoin, people are more interested in Bitcoin and investing in Bitcoin, so it is expected that the price of Bitcoin will increase in the future and its demand will also increase by double the amount that people will show interest in investing more in the future. If we can invest in Bitcoin with a long-term plan, surely we can get enough profit by investing in Bitcoin, which will make us more interested in Bitcoin. But ethereum is a reliable coin we can invest with the same confidence in bitcoin as we can invest in ethereum with great confidence. But nowadays more and more people are showing interest in Bitcoin because many people have changed their fortune by investing in Bitcoin, they have changed their fortune by making good investment and earning a lot of profit. After hearing many fortune changing stories on this forum, people are interested in investing more bitcoins and this bitcoin will gain more popularity in the future.

[Essential10]

It will continue to grow. The level of awareness and penetration of Bitcoin has increased manifold. No doubt bitcoin is a currency whose value is constantly going up, maybe the coin will go up and down at some point along the way, that seems normal to me. As Bitcoin has entered its all-time high this year, expect it to add new levels in the future. Bitcoin is not a two-day investment, you have to wait for a long time to get a valuable profit. Those who are afraid to invest have doubts in their minds, when Bitcoin was under $20k last year, did you doubt that Bitcoin would not come back in new form. So if that is the case then why is the current price of bitcoin down a bit and doubting the future of bitcoin. I myself have invested in Bitcoin and I am hopeful that it will bring me the expected results in the future.

[Magic-Money]

Bitcoin has a great future and it can't be replaced with any other alt-coins in the cryptocurrency industries and it only be opinion from the Big boy's in the cryptocurrency industries and nothing else much that we make Bitcoin a second alt-coins in the cryptocurrency market. Therefore Bitcoin we continue remains as number one in the industrial and is good to buy more since the market is worming up for the next season of Bull Run market.

[Webetcoins]

If people think that making an ETH ETF could make bitcoin go down in the rankings, they are expecting way too much from ETF and they are expecting way too much from ETH as well. Its clear that we are going to end up with a result that will be not that easy to handle, and it will be quite good for all of us as well. We should just focus on what we have, and not have some grand imagination about what could possibly happen.

We could also see dogecoin reaching 20 trillion dollar market cap, in reality there is no technical aspect of it that would prevent that so it is possible, but its as much possible as me waking up to a million dollars in my crypto account, won't happen. So that is why instead of looking at what's possible, lets look at what's probable.

[Abiky]

If people think that making an ETH ETF could make bitcoin go down in the rankings, they are expecting way too much from ETF and they are expecting way too much from ETH as well. Its clear that we are going to end up with a result that will be not that easy to handle, and it will be quite good for all of us as well. We should just focus on what we have, and not have some grand imagination about what could possibly happen.

We could also see dogecoin reaching 20 trillion dollar market cap, in reality there is no technical aspect of it that would prevent that so it is possible, but its as much possible as me waking up to a million dollars in my crypto account, won't happen. So that is why instead of looking at what's possible, lets look at what's probable.

Crypto is not only about ETFs. It's way much more. It's a movement. A means to obtain true financial freedom and self-sovereignity. Bitcoin started it all, so don't expect it to lose its position anytime soon. Ethereum wouldn't had been nothing without it. What was the OP thinking? Set yourself forward 10 years from now, and BTC will still be the #1 cryptocurrency in the world.

Believe me, things are going to get worse for ETH as centralization grows within the network. The ETFs will gather a massive influx of capital, though. But who cares about the money, if the project will move away from crypto/Blockchain tech's core principles? With "Wall Street" in the game, the market will become more centralized than ever. At least, "hodlers" will be happy.

[SquirrelJulietGarden]

Crypto is not only about ETFs. It's way much more. It's a movement. A means to obtain true financial freedom and self-sovereignity. Bitcoin started it all, so don't expect it to lose its position anytime soon. Ethereum wouldn't had been nothing without it. What was the OP thinking? Set yourself forward 10 years from now, and BTC will still be the #1 cryptocurrency in the world.

Crypto or cryptocurrency includes Bitcoin and alternative cryptocurrencies aka. altcoins with market for investors and traders to do their jobs.

They can invest directly by purchasing those cryptocurrencies or indirectly through Spot ETFs. It's their personal choices and need to research on risk of trusting third party entities to secure their money. If they afford the risk with third parties, they can go with Spot ETFs. If you can not afford that risk, go with non custodial wallets, be their self custodians to secure own money. Be their own banks, with non custodial wallets that better, need to be open source, not close source.

Choose wallets through research, read reviews, reproducible tests, and have proper, safe backups.
Reminder: do not keep your money in online accounts or in other words, "Not your private keys, not your coins".
How to back up seed phrase
Choose your wallets
Walletscrutiny.com. Reproducible tests.

[Bitstar_coin]

What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.

According to research note published by CryptoSlate.
The exchange, citing various data such as options skewness, portfolio adjustments and whale stocks, noted that the launch of the ETF is likely to boost the long-term price of Ethereum.
And as such investors are selling bitcoin in their possession, to acquire Ethereum and I begin to doubt the future of bitcoin!

Investors interest are driven by the profit they are going to make within a specific period of time. This has nothing to do with the future of btc from a long-term perspective. Money is made base on speculations and the eth etf is one of such cases. Every speculating eth price will be much higher when the etf is eventually approved. Investors capitalizing on that note to buy eth while the price is cheap for a possible pump afterwards.
Btc future is very bright and there is no reason to think otherwise. Those who are selling for eth will definitely buy back when they are done with the eth etf short-term pump.

[red4slash]

The bitcoin price is likely to gain momentum in the next bull run. And if the price of Bitcoin increases a lot, peoples interest in it will increase.

You have a point but only naive cryptocurrency investors won't have his/her interest increase on Bitcoin now due to the rapid selling caused by the German government, and Mt. Gox victim's distribution because when the market is in the panic stage is the best time to ape in.

It's true what you say but not a few also have naive thoughts like this, especially for those beginners who are indeed panicked by price fluctuations because they have just felt it, especially with some conditions that occur when a big news related to bitcoin occurs indirectly it will affect the market which makes them even more panicked.

It is a condition that always happens and we cannot stop this because it is a reflection of the reflection of many people who are panicking. But precisely that is a wrong thing because they do not realize that with the actions taken it already shows that they do not understand how bitcoin performs well so that they always feel panicked excessively when something happens, especially for corrections and declines.