Indeed bitcoin will not be number one forever but bitcoin will try to be number one forever.
Topic: Bitcoin may not be number one for long - page 58. (Read 28298 times)
BTC is the virtual equivalent of USD. The reason is BTC and altcoins. Currently 1 BTC costs 2500 USD, while ETH is only 354 USD. I do not believe that Etherum will be a rival for BTC.
The price of the cryptocurrency doesn't matter that much because it doesn't take into account the number of coins available. I'd compare based on market cap. Right now Bitcoin and Ethereum have market caps of $42 billion and $34 billion USD respectively. Ethereum is at 81% and it has been increasing steadily for the past few months.
BTC is the virtual equivalent of USD. The reason is BTC and altcoins. Currently 1 BTC costs 2500 USD, while ETH is only 354 USD. I do not believe that Etherum will be a rival for BTC.
Why not???
I don't think so, Bitcoin is becoming a profitable sector of investment and saving, people are going to be involved in this platform nowadays, day by day Bitcoin is getting more acceptable and credible, so it is just a matter of time to become number one for long..so keep calm and use Bitcoin..
I don't think so, Bitcoin is becoming a profitable sector of investment and saving, people are going to be involved in this platform nowadays, day by day Bitcoin is getting more acceptable and credible, so it is just a matter of time to become number one for long..so keep calm and use Bitcoin..
I absolutely agree, there are those who never sees anything good in Bitcoin and they will ride on the least tumble in Bitcoin prices to spit out venom against it. I don't know their motivations but it leaves me with one conclusion-mere hatred. Bitcoin is flourishing by the day and with persistent increase in demand it is enjoying corresponding increases in value so why won't it be number one for long?
...snip....
Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly
Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly
Deisik, very perceptive! I see the ICO's that are out there as short term beneficial to Etherums rise, but long term; when ICO's scams start to cause an exodus, it will cause flash-crashes. I see many ICO's that basically are vapor-ware and clearly done by guys with no relevant experience, no team and can't even get a copywriter. Can you (or someone else), explain how Etherum coins are locked? Do you mean in contracts for founders and in other long-term contracts?
I'm not really interested in Ethereum, so I'm not very familiar how the whole system works (so anyone with better experience and knowledge are welcome to chime in on this matter), but you may be interested in this article. I've seen the link posted by someone around here (with all due credit), and this blog post pretty well confirms what I'm feeling toward this coin (just instincts). Anyway, it is obvious that Ethereum market cap has no connection to reality. And it is not a rocket science either to understand that the coin is likely going to turn into a big-time scam in the end
The story behind Etherum Classic proves that pretty eloquently
Why not???
I don't think so, Bitcoin is becoming a profitable sector of investment and saving, people are going to be involved in this platform nowadays, day by day Bitcoin is getting more acceptable and credible, so it is just a matter of time to become number one for long..so keep calm and use Bitcoin..
I don't think so, Bitcoin is becoming a profitable sector of investment and saving, people are going to be involved in this platform nowadays, day by day Bitcoin is getting more acceptable and credible, so it is just a matter of time to become number one for long..so keep calm and use Bitcoin..
Well it can be for sure? Lol but definitely it can..... I can see some future about in Ethereum (ETH) that can be the next #1 cryptocurrency in the world. But ethereum just usefull because there's so many using it like in ICO's that successfully increase it's market cap and still increasing
This plan is making by the world business politics. That's why are introducing ETH and implementing many projects in Etherum smart projects. If you wish to stop this thing. Satoshi should come out and own the copyrights of blockchain technology. Then ETH will be still under control, may next to bitcoin not first rank.
Today, Ethereum's value is 81.5% of Bitcoin's value
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.
Yes it will be stay as number one for long because maybe they can find another one which is better than bitcoin. No one knows what will going to happen next. It is possible that another cryptocurrency will rise and replace bitcoin as a number one. 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 doubt that bitcoin can be replaced as number one cryptocurrency. But of course it could happen but not so soon. Every cryptocurrency that rises today, all its price are based on bitcoin. If ever there would be a digital currency that would beat bitcoin in many aspect of it, that could be a digital currency made by Satoshi. Maybe a new improved bitcoin.
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.
Yes it will be stay as number one for long because maybe they can find another one which is better than bitcoin. No one knows what will going to happen next. It is possible that another cryptocurrency will rise and replace bitcoin as a number one. 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.
Bitcoin can be the main thing because bitcoin can be made for future savings.In a long time. Because bitcoin will never go bangkrupt.
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.
Yes it will be stay as number one for long because maybe they can find another one which is better than bitcoin. No one knows what will going to happen next. It is possible that another cryptocurrency will rise and replace bitcoin as a number one. 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.
Precisely, That will happen in near future but in my opinion bitcoin will became always the number one in case of the achievement and adoption that has been made in the internet and even the real world bitcoin will be number one in the marketcap but in terms of achievement and investors the bitcoin will be always the number one.
...snip....
Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly
Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly
Deisik, very perceptive! I see the ICO's that are out there as short term beneficial to Etherums rise, but long term; when ICO's scams start to cause an exodus, it will cause flash-crashes. I see many ICO's that basically are vapor-ware and clearly done by guys with no relevant experience, no team and can't even get a copywriter. Can you (or someone else), explain how Etherum coins are locked? Do you mean in contracts for founders and in other long-term contracts?
That said; I honestly see Etherum as being better on so many levels; faster, no tx queue, smart contracts (with problems and all), large industry players adopting it. I think Etherum can overtake Bitcoin, and soon, but there is a grave concern for me with all these ICO scams going on.
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.
It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.
you do know that price isn't a measurement of rank, it's market cap that matters.
Well it can be for sure? Lol but definitely it can..... I can see some future about in Ethereum (ETH) that can be the next #1 cryptocurrency in the world. But ethereum just usefull because there's so many using it like in ICO's that successfully increase it's market cap and still increasing
yes i am also sure it will remain as number, because bitcoin has the potential to remain as number one, then most number of any crypto coin is belong to bitcoin which is always making it number and its number are also increasing so rapidly.. 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.
No. bitcoin will still be the number 1 coin we ever had. If ethereum will surpass bitcoin it will be just an overvalued because the investors shifting from bitcoin to ethereum but will surely come back when the problem resolved. 
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.
The only problem with bitcoins is the high transaction fee.Other than that,there is no security issue about over investment being hacked.Since it is pseudo anonymous,governments would not find problem in legalizing it since transactions could be easily traced out.No other altcoin has the potential to replace bitcoin. 
Well it can be for sure? Lol but definitely it can..... I can see some future about in Ethereum (ETH) that can be the next #1 cryptocurrency in the world. But ethereum just usefull because there's so many using it like in ICO's that successfully increase it's market cap and still increasing
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.
It looks like you are just having a dream right now, ETH could not pass bitcoins superiority amongst all the Altcoins here in the crypto world, their prices do have big difference, Bitcoin to ETH price? lol wear some eyeglasses so that you could know how big is the GAP between the two. Bitcoin would always be the number one and the one who will be always in the top because of its solidity and it is too valuable unlike the other Altcoins out there.
you do know that price isn't a measurement of rank, it's market cap that matters
And how does it matter?
Do you know that market cap is a simple multiplication of the price by the total supply of all coins currently mined? And if Ethereum has more coins, its market cap will be higher in comparison with a coin with smaller supply at the same price, but it doesn't in the least mean that the price would remain the same if all these coins were circulating (which is implicitly assumed by market cap calculation). In other words, market cap is even less relevant than price itself. Ethereum shills don't care that most Ethereum coins are locked which leads to higher prices due to limited market supply. It is good for price and speculation but once these coins are unleashed (when ICO's start to scam in massive numbers), the price will crash spectacularly
I've never been much of a fan of ethereum but I have to face the music. It is being used by some tech giants. It does have a real-world use that drives its value. Although I agree that the ICO scams may cause a price dip, I see it as less dependent on bad actors than BTC was in 2013.
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