Bitcoin is declining as top crypto currency. Why? - page 5.

Pearls Before Swine

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Quote from: Enjorlas on May 30, 2017, 05:17:09 PM

Quote from: TrumpD on May 30, 2017, 05:07:02 PM

And why do you think bitcoin is being surpassed be Eth, could you please elaborate in more detail? In twenty four hours ethereum trading volumes passed bitcoin trading according to data from CoinMarketCap on tuesday. But I don't think that is sufficient "proof" that bitcoin is less popular all of a sudden. If Eth sustains higher trading volumes over a longer period, then maybe we can say Eth is provably more popular than bitcoin. It is nowhere near it for now.

Because the BTC/ETH market cap ratio continues to shrink by the day.

Who gives a crap about that artificial ratio? That's like trying to say gold is undervalued because the gold:silver ratio is out of whack. It's meaningless.

ETH is a piece of garbage that got caught up in the bitcoin wind, that's all. Who says we need to keep bitcoin "#1"? It fucking well IS number one, and you don't have to look at market caps to know that. In any case, we'll see in 10 years whether I'm right or not. Someone promise to resurrect this thread in 2027, eh?

PrinceCaspian

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There are just two answers in your 1 question.First is all because of larger fees wallets and networks issues to "make transactions faster" which didnt happen and second is the super delays in transactions

feanry

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I think bitcoin still has the most current prominence. Bitcoin is still much superior to etherum. In any case, to be sure the improvement of altcoin is at present extremely quick. I think this will be a sound rivalry to enhance the advanced cash on the planet today.

snook

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That's what happens when GREEDY, RICH, Corporations hog all the hash. Don't think for one minute their mining for the greater good of Bitcoin and it's adoption.

Let's see, the rich own fiat and now Bitcoin...what's not to love? Do you think the pioneers wanted this for Bitcoin in the beginning?

DoublerHunter

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Bitcoin now is in danger because of the possible dethrone that can be done by the ethereum, i think ethereum was in a big hype for now and it is now collecting a lot of gains in the overall market and soon it will be very close to bitcoin and can dethrone bitcoin. If bitcoin will not have any kind of good news then we will say good bye for bitcoin for being top 1.

Omega Weapon

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Quote from: Enjorlas on May 30, 2017, 05:17:09 PM

Quote from: TrumpD on May 30, 2017, 05:07:02 PM

And why do you think bitcoin is being surpassed be Eth, could you please elaborate in more detail? In twenty four hours ethereum trading volumes passed bitcoin trading according to data from CoinMarketCap on tuesday. But I don't think that is sufficient "proof" that bitcoin is less popular all of a sudden. If Eth sustains higher trading volumes over a longer period, then maybe we can say Eth is provably more popular than bitcoin. It is nowhere near it for now.

Because the BTC/ETH market cap ratio continues to shrink by the day.

I don’t think we need to worry that much, what I mean is that is natural that bitcoin will lose some ground, when cryptocurrencies first started bitcoin did not have too much competition, most of the competition were nothing but copies of bitcoin but as time has passed bitcoin has begun to face real contenders, coins with true innovative technology.

farharhadi

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What will be done bitcoin to restore it to be no1, but problem there is a solution inside the problem itself

Fesatmas

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Bitcoin is the first cryptocurrency it can be rivaled with other altcoin underneath including the top altcoin now ETH in this time we can see many token based on ETH, maybe if bitcoin will give high fee each transaction many people will go use ETH or other altcoin.

shone08

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Quote from: angaper on May 30, 2017, 07:22:26 PM

It is true that ethereum seems to be taking on more relevance every day in the altcoin market, but we must not forget that this is just the beginning and this market still manages a very small proportion of the global economy.

As this market matures over the years, there will be a larger market for many of the current altcoins, as well as all the new ones that will gradually emerge, but just as with fiat money, people acquire more dollars not because of their intrinsic value, but because of their symbolic value, and this same will occur with the bitcoin in the long run.

Ethereum has great potential after seeing the development roadmap. EEA joining announcements are surely pumping up the prices. There has been a co-relation between BTC prices and ETH prices. It features unstoppable programs that are tamper-proof: "Smart Contracts".
But I continue to trust in Bitcoin I believe that Bitcoin can maintain its 1 in crypto currency world hope the fee will decrease.

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Quote from: Scatcoin on May 30, 2017, 08:55:56 PM

Not one has asked about eth, or promising alts such as Dash.

LOL, this is about "Buy Low" rule and "run from Bubble" rule.

CardShare

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As the bitcoin value grows it prices out the "general public" in the past 14 days dew to the value hike in bitcoin I have seen a lot of people I know becoming very interested in bitcoin the only issue being the price now its far too high for the average joe to be buying the first coin. With that in mind people are seeing ETH as the alternative to bitcoin thinking get in now before it becomes the next bitcoin in value, Hence the sudden uptake in ETH also..

In regards to the fee structure in bitcoin it is becoming a issue also. No one want's to wait hours for a payment to confirm or have to spend X amount on higher fees which has caused issues for many websites accepting and making payment in BTC,

I hope the bitcoin price dose not continue to raise up much further or we do risk stopping wide scale adaption down to the fact a single coin is costing so much!

Doms

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If this is the case, then it is time for the developers, along with the miners, to get their acts together and make bitcoin work the way it should. Ethereum has been really making big strides lately and looks serious on its intention to be among the top crypto currencies available.

Scatcoin

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Old friends are making contact asking about bitcoin. They have seen the price and read the news. Not one has asked about eth, or promising alts such as Dash.
When we get true mainstream adoption people will be picking up btc first and branching out to alts once they get their heads around btc.

freedomno1

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Quote from: Enjorlas on May 30, 2017, 04:49:09 PM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?

Leakage due to slow transaction time, more contracts on Ethereum which each have intrinsic values and it's a tempting side currency.
That said bitcoin wont die anytime soon even with the issues, it's strong and stable and people know BTC first before any altcoins including ETH.

Cryptolator

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Bitcoin is the first cryptocurrency and it's name is known by quite a big chunk of the population. Ethereum is almost unknown outside of the crypto scene. Also, Ethereum has no limit supply, so it's supply will grow by 10 millions ETH every years, causing a devalue of the currency over time.

Bitcoin will stay on top for a long time IMO.

27QVUTZj8rgZP1

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Quote from: Enjorlas on May 30, 2017, 04:49:09 PM

Why do you guys think Bitcoin is declining in popularity?

I believe it is mainly due to arrogance, pride, contentions, and inertness.

If it continues like that, destruction is just a matter of time. Competition exists.

dihari

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Quote from: Enjorlas on May 30, 2017, 04:49:09 PM

Why do you guys think Bitcoin is declining in popularity? Looks like Ethereum will pass it. What can Bitcoin do to maintain number 1?

Bitcoin is the pioneer of internet decentralized coin payment and no doubt, blockchain technology behind it is now develop by various parties into a variety of function in various fields like banking, accounting, healthy, government, etc. But the biggest problem in bitcoin is time frame of confirmation transactions that can be delay in days because of 2mb blocksize can't provide thousands of transactions everyday. And of course the fees.

People is now looking for something like bitcoin that more fast, lower fees, simple and easy. And Ethereum with his smart contract is the answer.

akija

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It's still at top position I think . It's just a matter of time , once the transaction delay problem is solved it will again become more popular .

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Quote from: freebutcaged on May 30, 2017, 07:51:48 PM

Who said anything about tracing transactions and staying anonymous?

Masternode make the difference for who need use of non traceable trasactions.
This is about "Why?" for the part of "crypto" in this currency.

SpectivVR

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Spectiv Crowdsale: December 8th

Bitcoin is not necessarily declining, but the overall market is catching up. New, innovative projects are coming into the space, and ultimately the whole industry has to balance out more. Crypto is not a monopoly.

Topic: Bitcoin is declining as top crypto currency. Why? - page 5. (Read 4799 times)