Demise of bitcoin under Eth | Bitcointalksearch.org

BitHodler

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Quote from: ngin-x on June 16, 2017, 02:11:16 AM

What most people can't seem to understand is that Ethereum was never meant to replace Bitcoin. Both serve different purpose. Ethereum was neither created to be a store of value nor as a currency for micro-transactions. ETH is used to fuel the dapps that run on it. Saying Ethereum will replace bitcoin is like saying a debt fund will replace equity fund, they are not even in the same category.

Bitcoin's biggest competitor is Dash & Monero. Both of these coins do everything Bitcoin does & more in a far better, faster and anonymous way.

The majority of the people don't look at what the technical aspects are of each crypto currency as they only pay attention to their highly inflated prices.

If Ethereum increases with let's say 100% in one month, where Bitcoin remains stagnant, Ethereum according to them is better, plus that its market cap is another indication that Bitcoin will get replaced.

It's a twisted way of thinking, but that's how things go here. People are blinded by their own greed and don't see what is really important to focus on. Market caps and pumps mean absolutely nothing.

Dash and Monero are doing their thing, but even these coins are no real competitor. They offer great anonymity features, but people are still using these coins for speculation purposes, and that's basically it.

oegarod

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Bitcoin getting destructed and fall for ethereum's growth is never gonna happen. Ethereum might stay as the best altcoin for a long with its increased price than many other altcoins. Bitcoin is something that cannot get related as ETH too came following bitcoin as the base.

NUFCrichard

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I also don't really think that ETH is a competitor for Bitcoin, though it might well have a higher market cap in the near future.
ETH is basically a platform for setting up crappy ICOs, and if there is anything that people love in a bubble, it is crappy ICOs.

Instead of just one crappy ICO, ETH has lots of them, meaning you have to buy ETH to be involved in the party. ETH isn't ever marketed as a currency, and a too high price isn't good for Ethereum either.

I was fine with the ETH/ETC hard fork, but the DAO failing is what makes me think that ETH will fail too. Big companies will want to get involved in blockchain tech, but they won't be ETH based, they will just start their own.

ngin-x

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What most people can't seem to understand is that Ethereum was never meant to replace Bitcoin. Both serve different purpose. Ethereum was neither created to be a store of value nor as a currency for micro-transactions. ETH is used to fuel the dapps that run on it. Saying Ethereum will replace bitcoin is like saying a debt fund will replace equity fund, they are not even in the same category.

Bitcoin's biggest competitor is Dash & Monero. Both of these coins do everything Bitcoin does & more in a far better, faster and anonymous way.

Vaskiy

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DGbet.fun - Crypto Sportsbook

As several users put forth the ethereum price pumping is something that is mentioned as a temporary growth. Now situation has changed a lot, as the market volume has been increasing big and litecoin which emerged as an trading asset is now to be growing without much market falls.

jpoker272727

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Quote from: LoyceV on June 12, 2017, 07:15:19 AM

"Demise of bitcoin under ~~Eth~~ small blocks"

Quote from: jpoker272727 on June 12, 2017, 07:08:12 AM

Quote from: Paashaas on June 12, 2017, 07:05:38 AM

ETH is dead within 12 months.

How? Why?

Eth went up 4000% in 6 months, and 40000% in 18 months. There's no denying it's a hype/bubble, but you never know how big they get before they bust.
I stopped caring about ETH when the "code is law" was replaced by a hard fork for private financial gains. Clearly many people love centrally controlled value, but that's not what Bitcoin is about.
ETH is all about promises, but in reality smart contracts are pipe dreams without applications.

What makes the sense 90% is the ethereum price and the opportunity to increase the profit that people have invested in the past but also those that are mining.

I have seen that litecoin is getting back trending and maybe because of the L3+ which is producing good money and the ROI is much faster.

Because that ETH has been increased too much doesn't mean we should watch it and probably invest there.

ImHash

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When to expect ETH pass $3000 mark? because now I'm holding a bag full of ETH waiting for the price to go for mars maybe I could become one of the many new rich people of this community Cheesy

could you tell them to wait a few more weeks so I could get things in order and slowly buy some ETH before dethroning bitcoin?
If you all are going to be disappointed just because of $2 transaction fees then you don't deserve bitcoin and better buy pumped coin like ETH.

buenav

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Bitcoin will always be around but it wont necessarily be the top crypto forever. I'm not yet convinced that will permanently be ETH but at the current trend it appears likely to be so soon.

jubalix

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You know....it sorta sounds like an echo chamber in hear sometimes.....the number of legendary members that seem to not be able to "____ is a scam coin" are alarmingly high....

I know there are issues with most other coins, and ETH/ETC DOA debacles....but time moves on, BTC is well at least immutable....but what is one thing that ETH cannot do that BTC can. The converse is not true.

BU and Segwit have shot BTC continuously in the face, each forever.

Oh that and lost the first mover effect in multi billion $ ico's as no side chain dev

N12

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Bitcoin is hard money. Immutable, uncompromisable, true.

Ethereum is soft flaccid Buterin cock some shills are temporarily sucking.

magneto

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Quote from: kwukduck on June 12, 2017, 06:48:06 AM

The time has come faster than we all expected. Bitcoin is about to be kicked from the throne by Ethereum.
What is your view on this? Is there any place left for Bitcoin? All functionality is replaced with Erhereum, we don't need bitcoin anymore.
Have you converted your bitcoin to ethereum yet?
There's no time like the present.

It could get close. I was actually panicking a little this morning because of the bitcoin crash and ethereum price rise and thought that this was it for bitcoin. Not gonna lie, i actually wanted to invest a little in Ethereum. But I held onto my coins and 10 hours later bitcoin is on the verge of recovery and ethereum has gone down a bit in price.

this is very likely to be a short term hype in my opinion. Ethereum's price has risen far faster than bitcoin's, which many people are calling a bubble. This hype though could very possibly make ethereum overtake bitcoin's market cap for a short amount of time. Ethereum has its own scaling problems to deal with much like bitcoin.

When the hype settles, everything returns to normal, and bitcoin is still #1.

HTracer

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Ethereum has grabbed hot money. Get ready for plummeting ETH.

jubalix

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Quote from: cryptoanarchist on June 12, 2017, 10:11:22 PM

ETH is way over-valued right now - no doubt about it.

What everyone fails to realize is that the people trying to derail p2p cash systems like Bitcoin's PoW are the people with the most to lose from it - the people who run the Fiat Empire: The illuminati, the CFR, Bilderberg, Freemasons, the Jesuits - whatever the fuck you want to call them - the people who run the IMF and BIS, the Fed and the mega-corps like AXA.

When people like that are fighting Cryptocoins, be aware that they literally have unlimited amounts of fiat to spend on pumping their coins, buying exchanges, buying mining farms (BitFury), and using their massive propaganda machine that spans internet, TV and print media.

I look at Ethereum and I see something with cool ideas, but nothing remarkable has been produced yet. It also has a lot of competition. There's definitely an argument that this run up in price is a pump. That said, investing more money in Bitcoin isn't an option for many when they can't move coins without ridiculous fees.

no the long tail of the market, the consumer, just want something that works.....
the so called "Fiat Empire: The illuminati, the CFR, Bilderberg, Freemasons, the Jesuits" dont matter, its all those small transactions and high value like buying a house, balancing the nightly.

It seems the flipening is bringing out the uh....fundies out of the wood work.

flipstyle

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Quicker than a speeding bullet... The duck is back. Lol.

Where you been the last few weeks?? Grin

freedomno1

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Learning the troll avoidance button :)

Quote from: kwukduck on June 12, 2017, 06:48:06 AM

The time has come faster than we all expected. Bitcoin is about to be kicked from the throne by Ethereum.
What is your view on this? Is there any place left for Bitcoin? All functionality is replaced with Erhereum, we don't need bitcoin anymore.
Have you converted your bitcoin to ethereum yet?
There's no time like the present.

Dual leverage I keep both positions, the underlying technology of ethereum and the compounding effect of contracts makes it an attractive alternative since bitcoin has not gone into sidechains for a period giving the system a first mover advantage in 2.0 technology. As a laggard BTC will need to step up its game in the short and mid term to keep up with ETH.
On the other hand I don't think Bitcoin will ever die out and we will see the P2P technology remain strong but at this point I hold both and will continue to do so for the near future, especially since ... everytime you sell it that price just spikes higher at present.
That said most people still don't know what BTC is even less know ETH but the money likes both and what they bring to the table.

cryptoanarchist

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ETH is way over-valued right now - no doubt about it.

What everyone fails to realize is that the people trying to derail p2p cash systems like Bitcoin's PoW are the people with the most to lose from it - the people who run the Fiat Empire: The illuminati, the CFR, Bilderberg, Freemasons, the Jesuits - whatever the fuck you want to call them - the people who run the IMF and BIS, the Fed and the mega-corps like AXA.

When people like that are fighting Cryptocoins, be aware that they literally have unlimited amounts of fiat to spend on pumping their coins, buying exchanges, buying mining farms (BitFury), and using their massive propaganda machine that spans internet, TV and print media.

I look at Ethereum and I see something with cool ideas, but nothing remarkable has been produced yet. It also has a lot of competition. There's definitely an argument that this run up in price is a pump. That said, investing more money in Bitcoin isn't an option for many when they can't move coins without ridiculous fees.

BrewMaster

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There is trouble abrewing

Quote from: jpoker272727 on June 12, 2017, 07:08:12 AM

I'm in dilemma of converting the bitcoins into ethereum but seems that I made a mistake last week, I could've doubled the fiat value now from bitcoin eth fiat.

don't worry my friend, if you want to double your fiat value or bitcoin or whatever, ethereum is the smallest option of thousands of other options.
when ethereum rises 20% other pump coins are rising 200% in the same timeframe, instead of thinking emotionally in altcoins market regarding your investment, start thinking more rationally and find the profit.

jubalix

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Quote from: Chris! on June 12, 2017, 01:23:59 PM

Quote from: LoyceV on June 12, 2017, 07:15:19 AM

"Demise of bitcoin under ~~Eth~~ small blocks"

Quote from: jpoker272727 on June 12, 2017, 07:08:12 AM

Quote from: Paashaas on June 12, 2017, 07:05:38 AM

ETH is dead within 12 months.

How? Why?

Eth went up 4000% in 6 months, and 40000% in 18 months. There's no denying it's a hype/bubble, but you never know how big they get before they bust.
I stopped caring about ETH when the "code is law" was replaced by a hard fork for private financial gains. Clearly many people love centrally controlled value, but that's not what Bitcoin is about.
ETH is all about promises, but in reality smart contracts are pipe dreams without applications.

I 100% agree with this. Anyone that has actually done some reading will realize that Ethereum is nothing at all like bitcoins where code is law (well put) but in fact the lead developer is law. We already have 1000 currencies like that so why do we need another? No one can dethrone bitcoins because everyone would have to agree to it, which not everyone would. Ethereum is on the verge of passing bitcoins market cap. Does that mean it's a $40billion+ 'company'? What makes them different then any other currency with smart contracts capabilities? What about when bitcoins get smart contracts capabilities? Will storj then hop over to bitcoin smart contracts? Sometimes going with the biggest most hyped up currency will inevitably be your biggest downfall. Thankfully bitcoins are still on track from where I expected them to be. A massive correction is taking place because the price shot up too fast. Everyone knew it was coming. My advice (as usual) is HODL on. There is a solid dev team working on the solution and it will be here August 1st. In the hand scheme of things that's not very far away.

because you can hold N+1 ico's on it....of 100M in an hour....

so people are going forgive a few early missteps.

freebutcaged

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More like Eth has to go under Bitcoin to get something big from the king mate, it is not that hard for an organization which is controlled by the world

Bank to gain momentum and even surpass Bitcoin in market share, but that's it only in market share and not in real value.

2017Bubble

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All printable shit coins should be listed on a different website.

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