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Topic: BITCOIN FUTURE IN DOUBT - page 3. (Read 806 times)

legendary
Activity: 1904
Merit: 1563
July 04, 2024, 11:21:58 AM
#26
The data that's being supported in that article that you've quoted as many have already stated, is just an opinion that's disguised to look like an educated guess, no one really knows how the market is going to be so I don't think that it's worth investing our time on someone saying that this will happen in the future, everyone's got an opinion but it's not a prerogative for us to consider it as a holy scripture, learning to think for yourself is a thing that you should do from time to time because you do know that you can get something out of it and it's free, people always preaching things about bitcoin and acting like bitcoin doesn't have any negatives.
full member
Activity: 868
Merit: 202
July 04, 2024, 11:11:37 AM
#25
you can mark my words that bitcoin will do just fine and will not be bothered at all by anything, be it etf, ethereum, or any other garbage. because bitcoin is a pioneer in the market and its credibility is much more trusted compared to those overrated altcoins. only a fool would sell their bitcoin holdings just to get altcoins whose value is mostly based on bitcoin price developments. so if you doubt the future of bitcoin, then you are one of those people who will later regret not putting your trust in bitcoin.
legendary
Activity: 3080
Merit: 1500
July 04, 2024, 11:01:33 AM
#24
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 just read the article -

https://cryptoslate.com/blofin-believes-spot-ethereum-etfs-will-drive-short-term-surge-in-eth-prices/

And this article does not say anything which can support your statements. Some investors may switch to ETH. It's a personal preference of investment. Do you have any data to show that investors are selling their bitcoin to acquire ETH?
legendary
Activity: 3220
Merit: 1363
www.Crypto.Games: Multiple coins, multiple games
July 01, 2024, 08:40:10 AM
#23
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!

There is no doubt that Bitcoin's future will be bright. Why would you think otherwise? Neither ETH nor any of the zillions of cryptocurrencies trading on the market will be able to beat BTC in terms of market cap and price. It's the one cryptocurrency that started it all!

With a limited supply of 21m coins, you can bet BTC will remain the dominant force of the market forever. Ethereum ETFs will never come close to Bitcoin ETFs in terms of market valuation. Not now nor in another century. I'd imagine companies filing ETF applications for other cryptocurrencies once ETH and SOL ETFs become a huge success. It's "Wall Street's" game now, isn't it? Cheesy
hero member
Activity: 2968
Merit: 687
June 27, 2024, 03:56:22 PM
#22
According to research note published by CryptoSlate.


It's not a research, it's the opinion of an exchange:
https://cryptoslate.com/blofin-believes-spot-ethereum-etfs-will-drive-short-term-surge-in-eth-prices/
And ignoring the fact that it's a second-rate exchange if not third, also heavily invested in promoting meme coins it's also one of those articles made for clickbaiting and promotion.

Stop believing what every 20 words per $ "analyst" writes nowadays on the internet.


Totally on point! Newbies do really that easily get fooled into those things that they do read up on the internet without even trying to look with those sources on which we should really be thinking up first that
we are that hovering ourselves into an unpredictable space on which there's no one could really be able to tell if there would really be shifts or not when it comes to Bitcoin down under into those alts that are next in line. Speaking about future and on what would happen ahead then it would really be always unknown, whether its true or not then there's no way that we could know ahead. Also, we are on an unpredictable
market on which there would really be tons of speculations and words that would really be thrown around on which it would really be that normal that you would really be able to read up with those shit sentiments.

If you are really that a fan on listening up with those words then you would really be that easily freak out or having that kind of discouragement towards Bitcoin and would really be selling all
your BTC for ETH. looool

hero member
Activity: 1540
Merit: 772
June 27, 2024, 01:49:54 PM
#21
What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.
The circumstances that will answer how the answer is when they shift their focus from Bitcoin.
I just want to know from you regarding this that do you think they are sure to put high hopes other than Bitcoin?
I hope you can also answer with accountable data accuracy.

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!
Anyone can say anything because he has a brain that functions to think. Sometimes there are people who have brains but cannot produce thoughts that are in accordance with reality, aka just to muddy the waters.
Don't assume too far by citing sources to strengthen readers to believe if in the end it cannot be proven.
donator
Activity: 4760
Merit: 4323
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June 27, 2024, 01:24:19 PM
#20
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.
sr. member
Activity: 686
Merit: 301
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June 27, 2024, 12:12:38 PM
#19
What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.

Who is shifting their focus away from bitcoin? That’s not true and you shouldn’t believe everything you come across online because they’ll deprive you of the real news and make you believe in some other illegitimate news just for the main purpose of being at their advantage. Investors are not selling bitcoin in their possession and you shouldn’t sell just because you heard in the news that such is happening. I have strong believe that it is all for their own benefits that this propaganda is being shared and nothing more. So when believing in a news, check the source and know how reliable they can be.
sr. member
Activity: 588
Merit: 338
June 27, 2024, 11:32:09 AM
#18
The future of Bitcoin is great.  And I do not know where you got this silly rumor from, but I very much doubt any other Cryptocurrency will take the number 1 spot on the Market.  Ethereum could have a good long term future due to the ETF, but this means nothing when the future of Bitcoin looks even shinier.  Where is the evidence that investors are selling Bitcoin in preference for Ethereum?
Fact check is that Bitcoin stands alone at the number one spot of the crypto ranking and Ethereum comes at a distant second, so there's no how that you can compare their market caps. I believe that it's a pro Ethereum analyst that is shilling it to eth believers and nothing serious to consider or worry anybody that is hodling Bitcoin. The OP could not provide any link or proof to show evidence that Bitcoin investors are selling theirs to buy Ethereum, so the assertion is baseless and not to be taken seriously. Publications like this is what will mislead newbies who are new in Bitcoin investment and they will sale their BTC because of it to buy second rated eth.
hero member
Activity: 854
Merit: 663
June 27, 2024, 10:01:11 AM
#17
It's true that the Bitcoin future is still unknown, Bitcoin was created to escape from banks and government, but the bigger Bitcoin is, it looks like impossible for the government and banks not taking action about Bitcoin.

But, if you doubting the Bitcoin future just because Ethereum ETF will launch, it's really a big joke for me. Ethereum is no longer favorite for altcoiners, they move to Solana.
full member
Activity: 784
Merit: 115
June 27, 2024, 09:54:49 AM
#16
That will be their choice. We can't forces them to be Bitcoin investor. If they wants to be the ETH investor, that will be up to them and maybe they have their own analysis so we can lets them chooses what they wants. I still wants to be Bitcoin investor and will not sells my Bitcoin at a low price because I wants to makes a big profit from Bitcoin. I can holds my Bitcoin for a long time as I already did that from the last ATH.

No problem if you doubt with the future of Bitcoin but I still believe that Bitcoin have a bright future. But as you know that Bitcoin investor is also ALT investor and they have many coins besides of Bitcoin because they use Bitcoin for a long term investment and ALT as a short and medium investment. It is a choice for every people.
jr. member
Activity: 34
Merit: 14
June 27, 2024, 09:29:28 AM
#15
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 do not see this happening, maybe you can add more details to this claim of investors shifting to Ethereum and ditching Bitcoin. How can this even happen when Bitcoin have increased its market dominance to over 53% just recently; this simply means there is more interest in Bitcoin now than ever. If you also recur that Bitcoin ETF was just approved, you will understand why there is more interest and confidence in Bitcoin than Ethereum.

I have not seen any response of the Ethereum price to the massive buy you are trying to convince us to believe, ETH is just following the path of BTC as usual so your concerns might just be unnecessary distractions.
full member
Activity: 237
Merit: 166
June 27, 2024, 09:22:13 AM
#14
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!
You must ask yourself that what did you know about history of Ethereum Spot ETF applications and approvals. Bitcoin succeeded first to have Bitcoin Spot ETFs in January 2024 and months later, Ethereum took advantage of it, to have Ethereum Spot ETFs.

I can say, without fear that I am wrong, that there will be no chance for Ethereum Spot ETFs if Bitcoin does not have Bitcoin Spot ETFs. In future, if any milestone is made in cryptocurrency market, it will again be from Bitcoin, then Ethereum or other altcoins will follow.

So if you doubt about future of Bitcoin, you have more reasons to fear about future of Ethereum.

The ETH ETF is likely the result of high corruption. ETH is a security issued by a group of people, and I believe that according to American laws, an ETF cannot be granted for securities but only for commodities. If we look at the history of ETH's creation and consider that the ETH foundation is essentially something like a company with Vitalik Buterin as the CEO who manages the company's operations, it is unclear under which law the SEC approved the ETF for ETH.
legendary
Activity: 3248
Merit: 1402
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June 27, 2024, 09:21:18 AM
#13
Ethereum has been #2 for a while, but I don't think it has real prerequisites to seriously become #1. Its capitalization is significant, but it's still way too small to compete with Bitcoin. In fact, it's a mere third of Bitcoin's capitalization. Ethereum had its time of fame during the ICO boom of 2017, and then maybe a couple of times more. But it's perceived more as a platform than as a currency, so Bitcoin is still getting much more trust and attention as a standalone currency rather than a platform for something else. And there's no good reason for that to change. Not to mention that BTC being PoW vs ETH being PoS makes the former more decentralized.
sr. member
Activity: 2520
Merit: 280
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June 27, 2024, 09:09:11 AM
#12
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!

It's just a piece of clueless information created by the Ethereum shillers and there is no such thing is happening the dominance of bitcoin is still over 50% so whatever you are saying is just a crap that should not be spread anymore. And Bitcoin ETF is also still in the market that's previously approved before ethereum so if institutional investors look for ETF then their priority will be on Bitcoin ETF.
full member
Activity: 237
Merit: 166
June 27, 2024, 09:06:48 AM
#11
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!
Bitcoin and Ethereum are two different things. Bitcoin is a  monetary network and hard money without inflation in digital form. On the other hand, Ethereum is something like a centralized company managed by a small group of people. In my opinion, Ethereum is a scam because they use the Bitcoin narrative to deceive people into buying their pre-mined ETH. When Ethereum was launched, it started with a pre-mine of 70 million ETH. They previously claimed to be the world computer, and now they claim to be ultrasound money, etc. This cannot be sound money; it is just like fiat money where a small group of people in the central committee determines monetary policy. So far, they have changed the supply policy seven times, and just a month ago, they entered into high inflation again. Anyone who understands economic principles knows that harder money always wins, just like in mathematics 2 and 2 are 4. Bitcoin is the hardest money the world has ever seen. Bitcoin competes with gold and real estate, not with tech companies like Ethereum, and it is likely to surpass the market cap of gold in the next 10-15 years. As for the future of Ethereum, it is likely that a better company like Solana or Kaspa, etc., will emerge and surpass them.
hero member
Activity: 1022
Merit: 667
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June 27, 2024, 09:02:01 AM
#10
What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.

This is nothing other than altcoin hyping and a low level schil from who soever this article come up from, many of the time, gullible people are the target pf this so called low budget article writers who can publish almost everything just to earn a few cent, this is the level their are right now, bitcoin does serves as the best long term investment and future store of value that it relevant in the market will ever remain active and not replaceable.

Memecoins may be making some name in market,  but those names are just short term speculations, but bitcoin already have long term progress record going tontwo decades now and it relevance is still very intact and in the future bitcoin will break more records in terms value increase.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
June 27, 2024, 08:40:01 AM
#9
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!
You must ask yourself that what did you know about history of Ethereum Spot ETF applications and approvals. Bitcoin succeeded first to have Bitcoin Spot ETFs in January 2024 and months later, Ethereum took advantage of it, to have Ethereum Spot ETFs.

I can say, without fear that I am wrong, that there will be no chance for Ethereum Spot ETFs if Bitcoin does not have Bitcoin Spot ETFs. In future, if any milestone is made in cryptocurrency market, it will again be from Bitcoin, then Ethereum or other altcoins will follow.

So if you doubt about future of Bitcoin, you have more reasons to fear about future of Ethereum.
hero member
Activity: 882
Merit: 1873
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June 27, 2024, 08:24:46 AM
#8
The future of Bitcoin is great.  And I do not know where you got this silly rumor from, but I very much doubt any other Cryptocurrency will take the number 1 spot on the Market.  Ethereum could have a good long term future due to the ETF, but this means nothing when the future of Bitcoin looks even shinier.  Where is the evidence that investors are selling Bitcoin in preference for Ethereum?
hero member
Activity: 952
Merit: 662
June 27, 2024, 08:01:23 AM
#7
Bitcoin's 24 hours volume is around $21-$22 Billion and Ehtereum's 24 hours volume is around $11-$12 Billion, today it's still on that range, there's nothing changed.

I'm not denying the speculation about Ethereum ETF launch will increase Ethereum price, but it doesn't enough to threaten Bitcoin. The only chance for Ethereum to beat Bitcoin was in 2017, but they can't and I believe they will never ever beat Bitcoin.
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