Bitcoin may not be number one for long - page 47.

alyssa85

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Quote from: thesavoyard on August 27, 2017, 01:38:03 AM

Quote from: filharvey on August 25, 2017, 11:15:46 PM

Quote from: libert19 on August 25, 2017, 11:07:28 PM

The only problems I see in Bitcoin currently is that transaction confirmations. That has made some people lean towards other crypto.

Once that's solved people will start using Bitcoin and then I doubt your statement.

Yes,bitcoin has no issue except transaction fee.Segwit has been activated at last to solve it.But some miners deliberately just mine empty blocks making huge number of transctions to get stuck.Some of them are chinese miners who either support BCC or they need higher mining fee for mining bitcoin.The chinese have always been a big problem to bitcoin network.Earlier,they manipulated bitcoin price by dumping their bitcoins and now they have started to create problems in transactions.Once,it is sorted out,then bitcoin price would start rising.

BTC has 2 problems then. It can't compete with visa and mastercard for transaction speed. ASICs are the bane of decentralization. China wins the ASIC race due to power costs. Some alts will go to extreme power effeciency, which will limit centralization. Allowing hobby miners back in. That's a third problem for Bitcoin, it has had a few half assed updates in it's lifetime and there are alts that can adapt to any situation. Bitcoin probably won't stay number one, it's only a matter of when, not if.

Technically, many alts are genuinely superior to bitcoin. The problem is no-one knows about them outside the cryptocurrency space. The mainstream media and Wall Street are fixated on bitcoin (as are all those venture capitalists in Silicon Valley hoping to create applications on top of bitcoin).

Marketing alts is HARD.

rocketbits

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Quote from: revswim93 on August 26, 2017, 12:53:43 AM

I hold both. I think Ethereum will rise in value, as will Bitcoin. I think Bitcoin will remain the more valued asset because of the large attack surface of ethereum and the immutability issues.

All the digital currencies will make progress with time but Bitcoins makes it in leaps and bounds. No other currency has the potential to take its place. I prefer BCC over Eth honestly. Even BCC has brighter future than Ethereum. It was number one; it is number one and IT WILL REMAIN NUMBER ONE.

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Quote from: qwerth on August 27, 2017, 01:53:28 AM

bch may surpass btc , the hashrates are comparable now. miners are switching to bch

There is a small chance that BCH may surpass BTC in the distant future. But as of now, the hash rates are not comparable. The BTC hash rate is still much higher than that of the BCH. Right now, the BTC hash rate is at least 50% higher than the BCH hash rate.

qwerth

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Quote from: Bosx1ne on August 27, 2017, 01:48:16 AM

Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Bitcoin will be always no.1 for sure. Bitcoin is really strong that there is no one altcoins that can surpass the bitcoin.

bch may surpass btc , the hashrates are comparable now. miners are switching to bch

Bosx1ne

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Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

Bitcoin will be always no.1 for sure. Bitcoin is really strong that there is no one altcoins that can surpass the bitcoin.

thesavoyard

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Quote from: filharvey on August 25, 2017, 11:15:46 PM

Quote from: libert19 on August 25, 2017, 11:07:28 PM

The only problems I see in Bitcoin currently is that transaction confirmations. That has made some people lean towards other crypto.

Once that's solved people will start using Bitcoin and then I doubt your statement.

Yes,bitcoin has no issue except transaction fee.Segwit has been activated at last to solve it.But some miners deliberately just mine empty blocks making huge number of transctions to get stuck.Some of them are chinese miners who either support BCC or they need higher mining fee for mining bitcoin.The chinese have always been a big problem to bitcoin network.Earlier,they manipulated bitcoin price by dumping their bitcoins and now they have started to create problems in transactions.Once,it is sorted out,then bitcoin price would start rising.

BTC has 2 problems then. It can't compete with visa and mastercard for transaction speed. ASICs are the bane of decentralization. China wins the ASIC race due to power costs. Some alts will go to extreme power effeciency, which will limit centralization. Allowing hobby miners back in. That's a third problem for Bitcoin, it has had a few half assed updates in it's lifetime and there are alts that can adapt to any situation. Bitcoin probably won't stay number one, it's only a matter of when, not if.

revswim93

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I hold both. I think Ethereum will rise in value, as will Bitcoin. I think Bitcoin will remain the more valued asset because of the large attack surface of ethereum and the immutability issues.

filharvey

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Quote from: libert19 on August 25, 2017, 11:07:28 PM

The only problems I see in Bitcoin currently is that transaction confirmations. That has made some people lean towards other crypto.

Once that's solved people will start using Bitcoin and then I doubt your statement.

Yes,bitcoin has no issue except transaction fee.Segwit has been activated at last to solve it.But some miners deliberately just mine empty blocks making huge number of transctions to get stuck.Some of them are chinese miners who either support BCC or they need higher mining fee for mining bitcoin.The chinese have always been a big problem to bitcoin network.Earlier,they manipulated bitcoin price by dumping their bitcoins and now they have started to create problems in transactions.Once,it is sorted out,then bitcoin price would start rising.

libert19

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The only problems I see in Bitcoin currently is that transaction confirmations. That has made some people lean towards other crypto.

Once that's solved people will start using Bitcoin and then I doubt your statement.

GreenBits

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Quote from: libert19 on August 25, 2017, 10:52:47 PM

Quote from: thesavoyard on June 12, 2017, 04:04:55 AM

Quote from: Wind_FURY on June 12, 2017, 04:02:21 AM

That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.

So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.

I'm not even holding ethereum, was for a bit but sold it. I bought lbry and don't regret it. The 5x profit margin of the top 5 coins don't really compare to the 20x I've made since buying lbry. I hope some of the other shitcoins I'm holding go back up, they spiked during the last bull run and I didn't sell, now they seem to be sliding down.

100% agree with you. One can't make good profit by buying coin at 100$.

There are many coins that are mere cents now and has a good potential. Even if these cents just become 1$ that would be nice profit.

The growth on ETH really isnt that much different than the growth on bitcoin, or LTC. Its not as prolonged simply because it hasnt been around as long, and the speculative leaps havent been marred by as many scandals as our old pal bitcoin. I will admit though, if you are looking for potential upside, forget about bitcoin. as early as it is in the ride, the train has already left the station. there are plenty of really cheap, smaller cap coins in the top 10-15 that have more promise for immediate upward growth. Think about it. BTC is already almost 5k. If we get to the hallowed 10K, thats only 200% growth. And that might take years. Inversely, ETH could see 500 in a speculative spike within 6-12 months, and no one would really question that growth (it would still be in a bubble, imo). You would have literal years to move through other assets, and accrue even more percent gain Wink

libert19

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Quote from: thesavoyard on June 12, 2017, 04:04:55 AM

Quote from: Wind_FURY on June 12, 2017, 04:02:21 AM

That might be true. But I do not believe Ethereum will be able to hold their gains for long. Sooner or later the price has to go down simply because that is what markets do.

So always remind yourself not to get lost in the mania and try to stay objective. In a market like this, it is easy to think that the good days will never end.

I'm not even holding ethereum, was for a bit but sold it. I bought lbry and don't regret it. The 5x profit margin of the top 5 coins don't really compare to the 20x I've made since buying lbry. I hope some of the other shitcoins I'm holding go back up, they spiked during the last bull run and I didn't sell, now they seem to be sliding down.

100% agree with you. One can't make good profit by buying coin at 100$.

There are many coins that are mere cents now and has a good potential. Even if these cents just become 1$ that would be nice profit.

emberbekas

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Confirmation time took too long recently and if this happened too often then I am sure bitcoin will lose some of its fans hence it'll give a chance to other coins to take its position as the leader of all crypto currency. It feels so bad when the price move up and we intend to convert it to fiat but no confirmation after more than 24 hours.

Razick

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I will admit Ethereum has a major advantage going for it - the fact companies can use it as a form of raising capital to start their businesses is major. This is something we have never seen before in Human history. "ICOs", as they are called. And you can use these tokens in your business rather than processing credit cards or PayPal for every transaction.

radjie

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Quote from: EddyGameta on August 25, 2017, 12:38:30 PM

I think no one has a mind to give a promising statement that bitcoin will no longer be number one and when ETH or other coins reach popularity among users, they can’t beat bitcoin because bitcoin is the father of all coins.
Maybe ETH can grow quickly because it has faster transactions than BTC or other coins because of the wave of fast transactions could affect the popularity of coins.

Although ETH is able to transact more quickly, it will not replace bitcoin, because as we know, bitcoin is the first form of digital currency even bitcoin's role has now become a benchmark for all types of coins that exist or it can be said bitcoin is the king of all types of coins.

unknown-user

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Quote from: ?? on ??

ETH is very good development, but ETH will not be able to exceed from Bitcoin.
Bitcoin will continue to be the best of altcoin others.

I agree. ETH is facing issues related to hacks and bugs at this moment which will affect the trust of its users that might also agfect its demand. While Bitcoin is currently on a rampage, it is now continuously increasing and there'll be another hardfork to happen before this year end. There's a chance that one day, Bitcoin will be replaced by other crypto but it won't be for the next 5 years in my opinion.

kirito1614

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Its a quite hard run for Bitcoin to be the number one at block chain cryptocurrency. And its hard to surpass Bitcoin for the foundation it built along its run. The Bitcoin traders, transactors, and workers which trust Bitcoin will not let Bitcoin fall for what its built but they will make it able.

CookieGums

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Some one will pass bitcoin but not that much time in the end of 2018 its been too long way for the bitcoin to pass by someone

Metoo.14

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Quote from: thesavoyard on June 12, 2017, 03:46:14 AM

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

i not sure it would take until the end of 2018 , but it will continue to grow in the future and it will retain its crown.

cpfreeplz

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Eth isn't even a currency wtf. What's with all of these newbs saying it's going to "overthrow" bitcoin and all this crap? You know what a centralized infinite supply shitcoin is worth? About as much as Doge if it had smart contracts and tokens lol.

eaLiTy

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Quote from: EddyGameta on August 25, 2017, 12:38:30 PM

I think no one has a mind to give a promising statement that bitcoin will no longer be number one and when ETH or other coins reach popularity among users, they can’t beat bitcoin because bitcoin is the father of all coins.
Maybe ETH can grow quickly because it has faster transactions than BTC or other coins because of the wave of fast transactions could affect the popularity of coins.

I am certain that ETH wont overtake bitcoin anytime soon,as they have bigger problems to solve at the moment and lets see how they are planning to scale and rectify their problems,the antics of bitmain is really upsetting as the transaction fees and confirmation time has increased in the past few days and there is a silent war going on,only these wars could kill bitcoin in the long run.

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