Topic: Bitcoin may not be number one for long - page 67. (Read 28298 times)

It's not that big of a deal for me, I was just asking you to give me some reasons to put my trust in it.. but judging by your answers you're just looking to get satisfaction from seeing bitcoin go down

That's good because I just earned a $50 profit by dumping my ETH on those people buying currently because of FOMO.
You know at least Bitcoin has ASIC so not every body could start mining it while even GPU manufacturers could be mining ethereum right now without us knowing it.
Now I have another theory, LTC has 2 minutes block time and has a very low transaction fee but why no body showing any interest? I might know why, they don't control LTC supply to be able to manipulate it.

At the end of the day its always going to be a matter of opinion whether ETH (or BTC) is in a bubble and only time can tell. My feeling is that ETH is going to crash but I think it will still overtake bitcoin longterm (unless BTC gets its shit together).

For years people have said that BTC was first and will always be king.
Others say BTC is like Gold, it is a limited supply and thus will only appreciate as popularity rises.

You may witness ETH overtake BTC in market cap very soon, it's nearly at 80% of btc which is pretty nearly there in my book.

These 2 coins are worth 80 billion, or about 80% of the overall crypto market. A year ago BTC held 80% of the market on it's own. I think this is a clear indication that BTC can no longer be treated as gold.

What worries me more is the significance of ETH taking the number 1 spot. To many people this will be a demonstration that no currency has the divine right to be number 1. I think too many people have thought that BTC would always hold this place and hence was a safe investment for long term. I think there will be a very sudden realisation that any digital currency can get the top spot, and there are 1000 other currencies behind ETH that could challenge in future. If any currency can get there then what is the value in holding BTC today? If ETH beats it soon then what's going to beat it next? It's already too slow and expensive to be used to purchase things other than drugs/guns etc so most of its (and other currencies) valuation is pure speculation.

Do you guys understand the implications of this?

Given that I'm not an ethereum supporter, you should save that bullshit for someone else. That doesn't stop me from taking note when BTC loses the number one spot for the first time in history.

Hey, why would it be worth for btc holders to jump into ethereum? To me it looks like a big bubble about to explode, it can't keep going up, or at least I can't see the reason
I read that fees are lower and it's a young project, anything else to convince me?

You should narrate animé, you make as much sense.

Etheream has nearly caught btc in market cap. It could pass it this week. Whether or not it will stay there remains to be seen. But you can bet the days where btc is needed to buy and sell other coins are nearly over. You can already buy Dash and etheream directly.

Let me explain. Let's take a look at search engines. There were many of them back than and Google was clearly not one of the best. It was not the fastest and it hasn't provided the best results. But it was best known and spread fast. Same with bitcoin imho. There are other cryptocoins and there are definitely better ones. But as long as bitcoin is the best known and gains popularity, it will be the most valuable one.

Why not? bitcoin will likely be on the top for the foreseeable future, I have only ever BTC be eclipsed by another cryptocurrency once, and that was when Zcash was first released and there was unbelievably hype. Somebody actually bought a single ZEC for around 3,300 BTC, the horror.

I do actually believe there are other coins in the pipeline that have the potential to overthrow Bitcoin, though I do still think it is unlikely. Bitcoin was the first, and often the first monopolizes the market, as with most technologies. Why do you think there are only two major CPU manufacturers, Intel/AMD.... Because they were the FIRST.

Don't try to hammer down on someone just because you don't understand what he is referring to.

Directly said ~ he meant that if altcoins have a higher market cap than Bitcoin, it doesn't automatically make them any better in terms of security, features, usage, and the list goes on.

Just look at how many coins have surpassed Bitcoin's market cap already, it says absolutely nothing. In case of Ethereum, its usage is purely speculative.

95% of the people there don't care about Ethereum's gimmick features. Why? Because they are there just for the quick gains, and nothing more. Today it's Ethereum, next year they move to something else.

Well... ETH is a different animal. It does not have the qualities that I require in a coin and so I won't be using it at any price. One day I fear the ETH owners are going to monkey with the code and then people will figure this out, albeit too late.

Yes I agree but maybe not so soon.  Bitcoin now is the basis of all alt coin price.  And it is hard to think that bitcoin will be wasted just because of new development in technology.  Maybe the maker, or institution that made the bitcoin will do some upgrade.  But what you said could happen if the bitcoin developer will allow bitcoin to be gone.

What the hell kind of stupidity is that?

Basically, a technology will surely experience a renewal of customizing at the time they are going through. So also with the digital currency, if in the future the bitcoin or all other currencies can not follow the development of the era will surely decline and most likely could have suffered destruction if no renewal to sustain all of the desired needs of the era. So, this is all about the updates that are appropriate and suitable
 

No i don't agree with bitcoins not be number one for long time, because many comunity of bitcoins had trusted in bitcoins
than ethereum, the security of bitcoins blockchain is more safe than ethereum,
we know about the Dao baillout hard fork, it made ethereum has becomed​ two chain ETH and ETC
 so the security is bad on ethereum's blockchain.

Passing Bitcoin in terms of what? Usage? Definitely not!
Marketcap? Ridiculous metric as almost everybody here knows!Especially when Ethereum's own real use case is ICOs to sustain the actual growth.
And a split in Bitcoin will not happen. I know there's lots of FUD out there, but it won't happen.
Even if it should, the legacy chain without SegWit won't survive for long.

We aren't noticing this because it isn't happening.

Just because its price has increased, the overall transaction fees are lower and faster, you think Ethereum is taking over? Look at the general network usage that Ethereum experiences right now, it has gone up, but that's only due to the hype/bubble that it is going through. It's just people sending coins back and forth, from and to their exchange. It's all hype related, and has not much to do with actual usage.

With it's network split the last time, it became a popular digital currency after that. We can't deny that it have a good future, but, bitcoin will be bitcoin, it is still the original and where people used to it. Bitcoin may need an improvement, but even though, bitcoin is still at the top of crypto currency.

Ethereum is taking gradually the bitcoin place even though we are not noticing it.

Eth price is getting increased and has been doubled within a week, the transaction fees are very cheap comparing to bitcoin, the confirmation time is much faster etc etc.

Yes there's a possibility that it will happen but i think it will take a lot of time before other cryptocurrencies (altcoins) surpass the bitcoins. The etherium is one of well known altcoins and the price is startig to rose up but i think it will take time to surpass bitcoins because in the market there is no such thing as fixed price sometimes it goes up and down no one knows maybe after a second the price will changed well thats what markets do.