Bitcoin versus ethereum and other altcoins

FortuneFollower

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Quote from: nullama on January 30, 2025, 05:39:04 PM

Ethereum is not money.

Bitcoin is money.

In my mind, buying Ethereum is more like paying for an API to use its services, for example creating a shitcoin on the Ethereum blockchain using ERC20. You need to pay fees for that, which are paid in ETH.

ETH for me is a digital oil of sorts.

It is used for what you said - many services and L2's out there. So it's more of a.. intermediary for that, and shouldn't be compared with BTC in that regard, which is the ultimate store of value.

rodskee

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Quote from: Ambatman on January 30, 2025, 05:58:09 AM

Yeah I understand the comparison between Gold and silver both quite same with the former better.
But Bitcoin and Ethereum don't share the same relationship.
The only thing they share in common is been Cryptocurrency.
They can't compare because they ain't even in same class.
No matter how hard it tries, Ethereum still remains a centralized shitcion.

i wouldn’t call ethereum a shitcoin

if you call ethereum a shitcoin then what would you call memecoins that totally have no utility and no value and can only rely on hype and nothing else? ethereum has a different mechanism from bitcoin and it has led technology development but of course bitcoin remains to be the superior one but it shouldn’t take away what ethereum is

X-ray

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I don't think ETH is the silver of crypto though, I'm more inclined to think that altcoin market as a whole is the silver of crypto, and BTC is standing on its own with its sheer dominance. ETH on the other hand not going up because there's just not much that can help it raising its price unlike its competitor in the altcoin category such as SOL. ETH is just under performing and that's the only right reasoning to the ETH current price here.

the problem here is, altcoin get their price from the technology they offered, more scalable and faster blockchain is seen as a success for alt meanwhile BTC isn't judged by that.

Obab

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Quote from: Ambatman on January 30, 2025, 05:58:09 AM

Yeah I understand the comparison between Gold and silver both quite same with the former better.
But Bitcoin and Ethereum don't share the same relationship.
The only thing they share in common is been Cryptocurrency.
They can't compare because they ain't even in same class.
No matter how hard it tries, Ethereum still remains a centralized shitcion.

Human thinking is a little differently similar to natural resources such as gold and silver market value and their impact cannot explain how much their impact is, while deciding the future of crypto currency comparison gold and silver is a lot of work agreement. A large market cap of gold and silver market proves that natural resources can be long-term prices just as in the case of crypto currency, but of course they will change with technology at times the price of bitcoin expansion price is safe, because many see it as the first choice especially in long-term investment. The thing you mentioned is that Bitcoin will maintain their domination and it is very possible that the second height of grace currency will gain greater position as the second stadium. This competitive market can catch much improvement in the Bitcoin and Ethereum platform. But Bitcoin will remain in the main center and other cryptocurrencies will place among them.

CryptoHeadlineNews

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Quote from: ? on January 30, 2025, 06:14:50 AM

By that logic, shouldn't ETH be/get to $10,000 USD?

So why don't you channel that question to Vitalik Buterin, that is, the Russian-Canadian base programmer who is known to have founded Ethereum "Why is the value of his coin not skyrocketing just as you claim above". Because it's obvious it seems you forget how these coins works, because Bitcoin we seed today didn't just skyrocketed without an increasing demand for it with it's limited supply.

nullama

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Ethereum is not money.

Bitcoin is money.

In my mind, buying Ethereum is more like paying for an API to use its services, for example creating a shitcoin on the Ethereum blockchain using ERC20. You need to pay fees for that, which are paid in ETH.

slapper

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This conversation hinges on whether ethereum or any altcoin can exceed the psychological impact and market relevance of bitcoin. People say "next big thing," but that's like trying to compete gold with an unfamiliar metal nobody knows. See how people choose sides: they stick to knowledge and past performance. Bitcoin is now known to be Its predominance floats at 50% for a good reason. Unless there is a clear benefit, people do not readily go from something steady to something experimental

Indeed, ethereum boasts a vibrant ecosystem, but it by itself does not ensure a complete marketcap explosion. Adoption calls for belief as much as it does for knowledge. People want to see real-world application; they want actual stability; they want trust spanning boundaries. Bitcoin meets those criteria. It has to do with dependability over long stretches. New coins sometimes arise, but if you ask ordinary investors, they would much prefer chose the known name than gamble on the obscure. People operate in this way. This is why the top position of bitcoin remains strong. Although the second-place coin might grow more, the difference is still somewhat noticeable. The gap remains real

Questat

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Bitcoin is bitcoin, while ethereum only serves as an alternative cryptocurrency, so they shouldn't be compared since they have different roles in the crypto market. However, these two makes up a perfect combination of investment. Bitcoin is your main investment and takes a higher allocation, but for the purpose of diversification, having ethereum could be a perfect one.

KingsDen

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Quote from: Btcalysis on January 30, 2025, 05:06:46 AM

People do not want to understand how humans are thinking. They are disappointed about how ethereum has not gone up massively but they forgot to check how natural assets are.

Gold marketcap: 18.8 trillion.
Silver marketcap: $1.8 trillion.
Gold is 10 times higher in marketcap than silver.

The reason I compared the two is gold is the natural asset that has the highest marketcap while silver is the second. This is how people will see bitcoin, ether and other cryptocurrencies. People will prefer bitcoin and buy it instead.

After a long period of time, know that bitcoin will continue to dominate with over 50% dominance but the dominance with ethereum or the second higher crypto by that time will likely get larger.

Maybe it is time to bring the altcoins season and bitcoin season analogy. Let us believe that we are in the bitcoin season, the reason why bitcoin pumped so hard against the altcoins. All the way, Ethereum and other altcoins did also experience growth.

What do you think will happen to Ethereum if the anticipated altcoins season happens. This could be the moment you actually want to see. Ethereum at 10k will be a good balance to the current price of BTC. But always remember that BTC is the king

bitzizzix

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When compared to Bitcoin and Ethereum, there are indeed many differences and also different goals and functions. And maybe what OP means is that when assessed in terms of profit and capitalization comparison, Bitcoin is far superior in terms of profit and also dominates which has proven to be the best cryptocurrency and also the number one asset chosen by most people or investors in terms of profit and storage value. And besides, Bitcoin is limited in number and there are only 21 Bitcoins which makes the price of Bitcoin continue to increase due to its high demand.

Bitcoin cannot be compared to other cryptos because Bitcoin is the first cryptocurrency in the world and the others are just imitations of Bitcoin, but will never be as perfect as Bitcoin. And when compared or as an example Bitcoin is like gold and Ethereum is like silver, it can indeed be said like that and Bitcoin or Gold is definitely much better and superior to all of them.

Aanuoluwatofunmi

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Quote from: Btcalysis on January 30, 2025, 05:06:46 AM

People do not want to understand how humans are thinking. They are disappointed about how ethereum has not gone up massively but they forgot to check how natural assets are.

Gold marketcap: 18.8 trillion.
Silver marketcap: $1.8 trillion.
Gold is 10 times higher in marketcap than silver.

The reason I compared the two is gold is the natural asset that has the highest marketcap while silver is the second. This is how people will see bitcoin, ether and other cryptocurrencies. People will prefer bitcoin and buy it instead.

After a long period of time, know that bitcoin will continue to dominate with over 50% dominance but the dominance with ethereum or the second higher crypto by that time will likely get larger.

People knows what they want from bitcoin, the way forward for them in cryptocurrency is also the same bitcoin, because they can afford the transaction fee in the bitcoin network than the one from ethereum, secondly, they realized the importance of market cap, market volume as well as other important parameter to look out for when it comes to how a digital coin is trending and people are rushing to buy and sell, imagine the entire altcoins never reached just half of what bitcoin is, the way is still far fetched, ethereum will remain no difference to other altcoins while bitcoin continue to maintain dominance over them all.

SquirrelJulietGarden

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Quote from: Btcalysis on January 30, 2025, 05:06:46 AM

The reason I compared the two is gold is the natural asset that has the highest marketcap while silver is the second. This is how people will see bitcoin, ether and other cryptocurrencies. People will prefer bitcoin and buy it instead.

Bitcoin and Ethereum are differently in total supplies. Bitcoin is fixed total supply, Ethereum is not, it is huge difference.

Gold and silver are not capped in total supplies but they basicaly are different with Bitcoin and Ethereum.

Quote

After a long period of time, know that bitcoin will continue to dominate with over 50% dominance but the dominance with ethereum or the second higher crypto by that time will likely get larger.

Bitcoin dominance is affected by more new thousands of altcoins created with time and new market cycles.

Altcoins are so terrible if they are altcoins in general and if they are Degenerator altcoins in particular.
The two types of altcoins. The investor view.

Churchillvv

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Quote from: apogio on January 30, 2025, 11:56:52 AM

Quote from: Jawhead999 on January 30, 2025, 11:32:50 AM

Those values can't be found on other cryptocurrency.

Just to be fair, Monero has significant attributes that bitcoin doesn't have, that are (in my eyes) ameliorations.
Monero is an altcoin that will never reach bitcoin's popularity for various reasons.
I just post it because you said those values can't be found on other cryptocurrencies, but Monero, for me is a golden exception.

Perhaps privacy is the only thing one can point out in monero which is a very beautiful attribute to us.

Bitcoin is more life a paradigm that was invented/innovated as a result of world financial crisis of 2007/2008. It had a real time problem to solve having better attributes to be called money in place of fiat or better than fiat but perhaps Ethereum and every other shitcoin was more of a copy and paste of bitcoin with and unlimited supply or a totally supply that would probably not be reach, must or all for selfish reasons.

Bitcoin will always have more dominance over shitcoins as it's peculiar to only scammers (creators).

Frankolala

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Bitcoin is not under anyone's control which means freedom but Etherum is controlled by the owner making it to have a lot of flaws. Anyone that compares bitcoin with Etherum doesn't have the knowledge of bitcoin, because all crypto enthusiasts knows that bitcoin will forever reign supreme over Etherum. Bitcoin solves a lot of problems which makes it very unique.

Zlantann

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Quote from: Btcalysis on January 30, 2025, 05:06:46 AM

After a long period of time, know that bitcoin will continue to dominate with over 50% dominance but the dominance with ethereum or the second higher crypto by that time will likely get larger.

Bitcoin will continue to dominate the market because it has built trust over the years. Its decentralized nature has made many investors trust it. Investing in a coin that is controlled by a few individuals is risky because they can easily control the market. People might want to invest in altcoins because it is cheaper but I prefer to buy Bitcoin in bits because it gives peace of mind and even appreciate more than some of these coins.

Quote from: Obari on January 30, 2025, 08:07:45 AM

Yeah it should but a lot of people aren’t so comfortable with it as they’re scared that, anything can happen at anytime since the owner is still very known.

Even if Satoshi is around, he doesn't full control over the Bitcoin system. So it owner being around is not the case but how decentralized the coin is matters more.

mindrust

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Poor litecoin used to be called silver and now it is eth huh? Tomorrow some other coin will replace eth but bitcoij will be the digital gold foreva. Who cares which coin is the second best when we have the best? Bitcoin is my king and the rest doesn’t interest me. Kingslayer! Get in here we are telling war stories.

Eth is not truly decentralized too as long as vitaliq has an influence over the network too and without vitaliq eth is not different than the rest of the alts. Ironic huh?

Kingslayer! Go find a chamber pot to empty.

apogio

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Quote from: Jawhead999 on January 30, 2025, 11:32:50 AM

Those values can't be found on other cryptocurrency.

Just to be fair, Monero has significant attributes that bitcoin doesn't have, that are (in my eyes) ameliorations.
Monero is an altcoin that will never reach bitcoin's popularity for various reasons.
I just post it because you said those values can't be found on other cryptocurrencies, but Monero, for me is a golden exception.

Jawhead999

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You're just pointing out without any reason.

I understand that most people saying Bitcoin is more valuable than Ethereum or other coins because the maximum supply is limited, but it's not only about that. Bitcoin has many intrinsic value like decentralization, pseudonymous, privacy, censorship resistant etc.

Those values can't be found on other cryptocurrency.

apogio

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I 'll keep my bad thoughts for altcoins away from my response and I 'll try to answer politely.

Bitcoin dominates everything because it's proven to be the only valuable cryptocurrency with plenty of use cases and serious development.

Ethereum stagnates.

Solana is the new ethereum, that will stagnate in the next cycle.

Everything else is slowly going down compared to BTC, even if their price goes up compared to USD.

headingnorth

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The problem with altcoins is they were all created by for-profit private enterprises for the purpose of enriching the founders and early investors.

They all have endless supply or nearly endless supply where the founders, VCs and devs issue themselves 80 to 99 per cent of the supply,
print new tokens whenever they feel like it, and dump on retail idiots (err I mean investors) whenever they feel like it.
Those who have little to no understanding what they are throwing their money into are left holding the bag.

When you have crap like dogecoin, pepecoin, fartcoin, etc. with billions in marketcap you know you have reached the pinnacle of insane,
off the chart levels of mass stupidity.

Tulip mania could certainly be used to describe the shitcoin/altcoin market. But at least tulips are something that have some actual value.
Altcoins are little more than a high-tech recreation of the traditional fiat money system, but with qualities that make them much worse than fiat.

They are little more than high-tech Ponzi schemes masquerading as "technological innovation." In other words, modern-day snake oil.

Topic: Bitcoin versus ethereum and other altcoins (Read 164 times)