Bitcoin dropping and Ethereum rising?

Minecache

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Quote from: lol lol on July 23, 2016, 10:57:53 AM

Quote from: Minecache on July 23, 2016, 10:45:21 AM

Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

BTC is a crippled coin with a fractured community.

ETH is a developing coin with a united community.

Not hard to comprehend what's happening.

this is the shittiest comment of all time.

your developing coin with a united community is one guy with all the power who decided he wanted to fork the coin to prevent his loss so he did and not even one person in this community cared or could do anything.
he made the decision and he made the hard fork giving middle finger to everybody.

The HF was developed, coded, and implemented by many many great minds. All under consensus.

I noticed you didn't despute that BTC is crippled with fractured community.

lol lol

newbie

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Quote from: Minecache on July 23, 2016, 10:45:21 AM

Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

BTC is a crippled coin with a fractured community.

ETH is a developing coin with a united community.

Not hard to comprehend what's happening.

this is the shittiest comment of all time.

your developing coin with a united community is one guy with all the power who decided he wanted to fork the coin to prevent his loss so he did and not even one person in this community cared or could do anything.
he made the decision and he made the hard fork giving middle finger to everybody.

Minecache

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Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

BTC is a crippled coin with a fractured community.

ETH is a developing coin with a united community.

Not hard to comprehend what's happening.

spartak_t

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Ethereum and TheDAO were obviously pumped by the whales, and it's not like it is happening for the first time. This is not a genuine interest from the masses.

BitcoinHodler

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Quote from: Digitalbitcoin on July 23, 2016, 10:20:22 AM

Ethereum definitely have good future. But as per current condition, We can predict that ETH can be next Bitcoin in Future.
Already few of big companies like microsoft, invested to build apps based on Ethereum currency payments.

what do you mean "microsoft invested" and do you have any link?

the only thing i have heard about microsoft and altcoins is that they have been adding so many different altcoins to Microsoft Azure left and right. is this what you mean by it?

aioc

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Every body wants to be an early adopter and this is the scenario that we are seeing right now but still it's a long way to go ethereum to overcome bitcoin could happen in the future but I don't believe it could this year..

Digitalbitcoin

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Ethereum definitely have good future. But as per current condition, We can predict that ETH can be next Bitcoin in Future.
Already few of big companies like microsoft, invested to build apps based on Ethereum currency payments.

YIz

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Quote from: helloeverybody on July 23, 2016, 10:13:21 AM

I dont know if ethereum is single handedly making bitcoin drop, the price of bitcoin is still fluctuating around the same price it has been since the halving but by all means if you think eth will topple bitcoin then feel free to move your funds out of bitcoin and into eth. The safest bet for me is bitcoin, it will be interesting to watch eth from the sidelines because i think theres going to be some popcorn moments, id just rather not be involved in them.

Personally, I do not think ETH might overtake BTC, that is why I move all my altcoin profits to my bitcoin wallet. but if ETH reaches a market cap of like 5 billion dollars it might actually be carried by the hype and take the crown, and I was hoping BTC will make a redemption and reach 1,000$ again..

helloeverybody

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I dont know if ethereum is single handedly making bitcoin drop, the price of bitcoin is still fluctuating around the same price it has been since the halving but by all means if you think eth will topple bitcoin then feel free to move your funds out of bitcoin and into eth. The safest bet for me is bitcoin, it will be interesting to watch eth from the sidelines because i think theres going to be some popcorn moments, id just rather not be involved in them.

btcdevil

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Quote from: shinratensei_ on July 23, 2016, 10:01:33 AM

Quote from: YIz on July 23, 2016, 09:37:37 AM

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

No, in my opinions the increases price of ETH never giving any effect for bitcoin, the decrease of bitcoin is nature not caused by some things. in my assuming the dropping price of bitcoin is caused by some people is not patience to holding their BTC in their wallet and then they wanna to selling their BTC.

what you replied is correct , that bitcoin cannot be replaced by ETH , ya but it can be that ETH can create some more value to its coin, and about the price it is natural that the price goes up and down, but you can see that the price is mostly between $650 and $700 only so their is not much movement of up or down that you can tell that the bitcoin price is going down or it is rising.

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YIz

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Quote from: BitcoinHodler on July 23, 2016, 10:01:23 AM

Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

this is misinformation.
what is happening is that ethereum is being pumped right now so there is a large volume being exchanged so people or better said pumpers are buying ethereum with bitcoin.

Quote

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

again the same reason.
again volume is only high because whales are pumping it. and it will be high again when they are dumping their coins.

the volume was high a couple of days ago why didn't you make a topic saying people are dumping eth to buy 50 million dollars worth of BTC in one day? from early in July until now people were dumping ETH to buy bitcoin on Poloniex

Quote

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

not at all, it may go down a little bit like max $10 because of FUD you guys are spreading but nothing serious ever happens to bitcoin because an altcoin like eth is being pumped.

Where's the wrong information I wrote? you're talking like I have some interest of spreading the word.

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Quote from: YIz on July 23, 2016, 09:37:37 AM

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

No, in my opinions the increases price of ETH never giving any effect for bitcoin, the decrease of bitcoin is nature not caused by some things. in my assuming the dropping price of bitcoin is caused by some people is not patience to holding their BTC in their wallet and then they wanna to selling their BTC.

BitcoinHodler

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Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

this is misinformation.
what is happening is that ethereum is being pumped right now so there is a large volume being exchanged so people or better said pumpers are buying ethereum with bitcoin.

Quote

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

again the same reason.
again volume is only high because whales are pumping it. and it will be high again when they are dumping their coins.

the volume was high a couple of days ago why didn't you make a topic saying people are dumping eth to buy 50 million dollars worth of BTC in one day? from early in July until now people were dumping ETH to buy bitcoin on Poloniex

Quote

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

not at all, it may go down a little bit like max $10 because of FUD you guys are spreading but nothing serious ever happens to bitcoin because an altcoin like eth is being pumped.

YIz

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Quote from: Carlsen on July 23, 2016, 09:48:44 AM

Ether has no infrastructure yet.
I don't know any shop accepting it, so I would say it is not a threat to bitcoin (at the moment).
One reason why ether went up so quickly is that the price fluctuations were a good environment for trading.
So some people put the money in it.

I remember when I wanted to invest in Ethereum, but then I noticed the price was 20$ a piece, haha. the price dropped recently but back to around 14.5$ again, missed the train for the second time.
Is it still a good investment considering the current price?

Carlsen

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Ether has no infrastructure yet.
I don't know any shop accepting it, so I would say it is not a threat to bitcoin (at the moment).
One reason why ether went up so quickly is that the price fluctuations were a good environment for trading.
So some people put the money in it.

sempak

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yes now occurring things like that. etherum the stronger force could make greater etherum. bitcoin is in decline. This is a good chance to strengthen the bitcoin on the exchange market.

YIz

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Quote from: mastica on July 23, 2016, 09:41:19 AM

Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

Most people said that eth will be the next bitcoin, even when the price hasnt yet crossed the 0,03btc, but we need to remember that eth were traded at 0,002btc it has raised in short period 10x its inital trade cost, the interest around eth is huge poloniex volume just shows it.

Yeah, the interest around Ethereum is pretty huge. the volume of coins traded per day is much bigger in proportion to Bitcoin.
But the question it, can it actually beat it? it only needs 1/5 of the price to have the same market cap.

BitcoinNewsMagazine

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Early days yet but Ether may serve as a hedge for Bitcoin if price is truly inversely correlated opens up some options for traders.

mastica

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Quote from: YIz on July 23, 2016, 09:37:37 AM

In the days following the hard fork for Ethereum I have noticed the growing volume of BTC transactions which are sold for ETH.

Poloniex, for example, exchanges like 30 million dollars worth of BTC into ETH a day, and it affects the bitcoin price negatively.

What do you think? will the price of Bitcoin drop because of the rising of Ethereum? can Ethereum grow so big it could challenge the market cap of Bitcoin?

Most people said that eth will be the next bitcoin, even when the price hasnt yet crossed the 0,03btc, but we need to remember that eth were traded at 0,002btc it has raised in short period 10x its inital trade cost, the interest around eth is huge poloniex volume just shows it.

Topic: Bitcoin dropping and Ethereum rising? (Read 848 times)