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Topic: BITCOIN FUTURE IN DOUBT - page 4. (Read 806 times)

full member
Activity: 546
Merit: 105
#SWGT PRE-SALE IS LIVE
June 27, 2024, 07:53:30 AM
#6
I get the worry, but Bitcoin ain't goin' anywhere anytime soon. Sure, some investors are eyeing Ethereum, especially with that ETF buzz and its potential to spike in value. But Bitcoin’s still the OG, the gold standard of crypto. It's the most recognized, trusted, and has that store-of-value appeal.

Ethereum's got its own strengths, especially with smart contracts and DeFi, but Bitcoin's stability and security keep it solid. Folks might diversify, but Bitcoin's role as digital gold isn't just gonna disappear. I thnk theres no need to panic just yet.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
June 27, 2024, 07:43:21 AM
#5
Can you prove this, or your proof is that 'it was written in the article.' Things like this isn't new, just the way so many coins were called 'the next BTC,' all other crap / scam coins but you know how most of them ended.

Fixed your post a bit.

The best way to look at it is the global market cap of all crypto is $2.25 trillion of that BTC is $1.2 trillion. So every other coin added together is LESS then the value of BTC

I would be more concerned about ETH taking a dive as more and more people who are staking it @ 4% give or take https://www.blocknative.com/ethereum-staking-calculator sell it off and move to a CD making over 5% https://www.synchronybank.com/banking/cd/

Back of the napkin round number math. You need 32 ETH to stake and at the moment ETH is at $3400 so 32ETH * $3400 = $108800
Now $108800 * the 1% you are giving up is $1088
As ETH goes up in value your loss from staking @ 4% vs CD rates goes up as well.

BTC will be fine.
Alts will keep being crap alts.

-Dave
hero member
Activity: 994
Merit: 1089
June 27, 2024, 07:19:14 AM
#4
I don't know if you are trying to spread fud here, a possible ethereum spot etf is surely attractive to speculators who like to gamble for short term returns, but how does that have anything to do with the future of BTC.
And as such investors are selling bitcoin in their possession, to acquire Ethereum and I begin to doubt the future of bitcoin!
Can you prove this, or your proof is that 'it was written in the article.' Things like this isn't new, just the way so many coins were called 'the next BTC,' but you know how most of them ended.
legendary
Activity: 1064
Merit: 1298
Lightning network is good with small amount of BTC
June 27, 2024, 07:02:50 AM
#3
What will be the future of bitcoin as investors shift their focus from bitcoin to the second-largest crypto asset by market capitalization.
Where did you get this rubbish information from?

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!
If this the information you are talking about, the speculation of the ETF that I read about is that ethereum ETF can go up to  $15 billion. But did you know the market cap of bitcoin? It is in trillion dollars.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
June 27, 2024, 06:57:44 AM
#2
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.

newbie
Activity: 23
Merit: 3
June 27, 2024, 06:47:45 AM
#1
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!
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