Topic: ETH vs BTC future growth potential - page 8. (Read 1649 times)

I agree with that and regardless Ethereum is well worth buying,
Ethereum is a promising asset which will be profitable so don't hesitate to buy or invest in it,
what is clear is that we cannot equate the movement between Ethereum and Bitcoin.

Not always. Ethereum can often grow nicely at times when bitcoin is falling or in sideways motion. These two assets do not have a clear correlated movement between them, and there are times when they move in completely different market directions. You can buy both assets for your portfolio and it will be a good diversification. So when someone says that ETH moves after bitcoin, it's a fallacy.

As of today:

BTC VS ETH PERFORMANCE: 2018-2023 (5 YEARS)

BTC = 196.34%
ETH = 166.78%

BTC has outperformed ETH if you consider the past 5 years. If you took $10,000 and bought just BTC exactly 5 years ago you would have had a better return on your investment if you just held it.

BTC VS ETH PERFORMANCE: 2020-2023 (3 YEARS)

BTC = 266.20%
ETH = 875.05%

ETH has outperformed BTC if you consider the past 3 years. If you took $10,000 and bought just ETH exactly 3 years ago you would have had a better return on your investment if you just held it.

Note, at any given time frame these values change. BTC is the ultimate performer since its inception because it started out below $1. But those days are long gone. So moving forward ETH could be outperforming BTC. If the SEC sues the Ethereum Foundation and tries to claim that ETH is a security then it could harm the price of Ethereum in a similar way XRP was held back by their lawsuit. If most governments become critical of POW mining it could affect BTC.

Yes, The cryptocurrency world has been growing at an unprecedented pace in recent years, with Bitcoin (BTC) and Ethereum (ETH) emerging as two of the most well-known and widely used cryptocurrencies. I think this topic is interesting, especially in terms of the growth potential of BTC and ETH in the future, of course, both are good investments, it's just that BTC often gets negative sentiment while ETH, although there is, is very rare.

No one can guarantee if the bitcoin price increases 4x or 33x in the coming years, especially in 2024. These are all just assumptions based on estimates that refer to the occurrence of the bitcoin halving in 2024. Indeed, history says that when the bitcoin halving occurs, the price BTC experienced a very drastic price increase and even set a new ATH record. Likewise with ETH as time goes by the potential for drastic price increases can still occur. But rest assured that both BTC and ETH have drastic growth potential in the future because bitcoin as the parent of altcoins and Ethereum is the king of altcoins that have been tested and have strong fundamentals.

It can't be denied that the fact that ethereum could helps new project bootstrap their project without the need of deploying their own blockchain is such advantage that make ethereum stands out, and I do agree with the opinion that ethereum could someday surpass bitcoin, the ethereum innovation was indeed very revolutionary, it has created so many things and it's alone could be considered such great achievement.

Despite the fact that the issue of ETH is unlimited, after the network switched to PoS, it became deflationary, since the number of coins burned exceeds the number issued. So after the merger, Circulating Supply ETH decreased by 0.14%, which is approximately $1.2 billion.

I guess it's because it is still an asset? And despite of having an infinite supply its value is still rising. That is because ETH isn't just a meme coin that have no use case. Now that ETH have been upgraded, it's said that its supply is now finite but it might still be higher than Bitcoin. Regular currencies can decline not only because people are selling them for crypto but cryptos can rise not only because of it.

When BTC is rising, ETH can follow it. ETH can sometimes go on its own and its growth seems consistent or huge, that is because it is smaller compared to Bitcoin. Bitcoins growth can be rare but if you are one of the early investor, you can greatly benefit with it compare to any other cryptos.

Can anyone explain why Ethereum is considered as a store of value, despite the fact that the amount of coins to be mined is not finite like BTC?

Op is not necessary comparing Bitcoin and Ethereum but rather he is asking about their future growth. While I will agree that bitcoin price is quite higher than Ethereum price, I will also not that I really see where bitcoin and Ethereum move in opposite directions. This means if bitcoin pumps, Ethereum is also pumping. It therefore means that the investment in both has the same risk. And due to bitcoin would always be bitcoin, I would rather make my bitcoin investment bigger than ether investment.
Some times only bitcoin makes the bull but I haven't witness altcoin bull.

Well

I have a very busy job so I'm destined to be a long term holder instead of a trader. I just don't have the time to really dig into it. Probably not the skills/experience for trading either.

There have been 5 or 6 enormous dips in BTC's price since it was launched. Crashes between 50% and 90%. I don't know if most skilled traders were able to see those coming, and exchange their BTC for cash at that point just to buy back later. If you had managed your BTC portfolio correctly throughout these waves, you could easily triple your BTC assets by the end.

If I hold BTC for more time (let's say a few years), ignore the dips and rises, and end up at a 4x higher price point than what I bought it for, I guess that's okay.
It's probably not optimal but still a better return on investment than leaving my fiat money in a bank. This would be the strategy for BTC

With regards to ETH.. That would also be for long term storage.
However there is a key issue that I'd like to address. I saw some videos of ledger live users receiving spam and other attacks, based on their Ethereum addresses being public and thus attacked by thieves. In that regard, is it smart to keep my BTC and my ETH on 2 separate ledger devices? This way I spread the risk.

Correct me if I am wrong, but if I only store BTC on 1 ledger I have not heard of any attacks on that address.

It should be noted that all investments are associated with risks, including cryptocurrencies. Therefore, when deciding which cryptocurrency to invest in, you need to take into account not only its growth potential, but also its risks.
Regarding BTC and ETH price growth forecasts, it is worth noting that all such forecasts are only assumptions and cannot guarantee future results.
ETH has its advantages over BTC, as it is not only a cryptocurrency, but also a platform for building blockchain-based decentralized applications. Also, unlike BTC, ETH has a hybrid protection model that provides greater security against attacks on the blockchain.
As far as portfolio diversification is concerned, it may be a good idea to reduce the risks. You can consider investing in other cryptocurrencies such as Litecoin, Ripple, Bitcoin Cash, etc. However, before investing in any cryptocurrency, you need to do your own research and evaluate the risks and potential returns.

For Ethereum, it's a bit different as its growth isn't solely dependent on the decline of regular currencies. I think Ethereum's potential lies more in its underlying technology and use cases, like smart contracts and decentralized applications.

But, I can't give you a specific number on how high Ethereum can go, because, you know, the market can be quite unpredictable. But I do agree that its growth seems more gradual and linear compared to BTC.

Regarding your concern about ETH being stopped or confiscated, I mean, it's possible for any cryptocurrency to face issues due to government regulations or exchange attacks. However, Ethereum has a strong community and developers behind it, which I think adds to its resilience.

As for your investment strategy, it's really up to you and your risk tolerance. Personally, I'd consider diversifying between BTC and ETH, like the 0.5 BTC and 5 ETH option you mentioned. Just remember to weigh the risks and potential rewards carefully.

I think I agree with people who would say that they are both great because at the end of the day we are talking about a ton of profit to be made by both of them. I understand that not many people would be happy about the current situation because they do not really consider these two as different two things and instead the big increase of the situation for one of them they saw it as the increase together. Thats not really that bad and I agree that it is definitely close to each other enough that it shouldn't matter which one you buy. Just get them both together and even with gas fee issues and all, they will both go up more than others.

Bitcoin is the only one that could provide such security though not 100% but at least it was higher than altcoins, nothing else. And if you are trusting this project and have faith, you'd better not bother yourself to look for another as certainly, you will never find any. However, might keeping ETH is not really a good choice in the long-term but can't deny the fact that it was also one of the most promising altcoins in the market and seems to have a big role to play in the crypto space which I believe that it will still exist in the market for many years.

If you do have those doubts and worrying about on things getting f*cked up then you could always have that current solution and ways that you are dealing with which you do make out some split in half
but eventually you do really go for long term which i do believe that ETH would could be able to go along when it comes to long term. There's no doubt on Bitcoin which its been trying to be taken down and
lots had tried and we've seen bans and prohibitions everywhere and anywhere but its not something that it would be completely stopped nor get rid and now it do able to survive
and sustain on which it is the reason on why its been trusted and been that mainly support but you could always have the other choice if you wanted.

I'm not an expert, but I understand why bitcoin is a commodity and not a security. For me this is extremely important. I only seek to invest in commodities, as a long term store of value. If any other coin ever qualifies as a commodity, I hope to find out here as soon as possible. But in that regard I think BTC is and always will be one of a kind.

In my opinion, both Bitcoin and Ethereum are valuable assets that even beginners can purchase without much consideration due to their reputation in the crypto market. Compared to other alternative cryptocurrencies, Bitcoin and Ethereum have the lowest risk as they have survived in the market for a long time. While many coins have come and gone, these two have remained stable. Therefore, it's advisable to invest in both, either by having faith in one or buying an equal proportion of both even though both have good future growth potential.

Everything depends on you. That is how much you can invest in the long term. So do not think much and buy these coins in the same proportions and then you will not regret it in the future

I think the estimates is almost the say for Bitcoin and Ethereum growth, it's like 2.5x from their last all time high.

So if BTC=69,000 x 2.5 = $172,500 and if ETH=4,800 x =12,000. But that is just rough estimates though, so don't take that numbers as if we will going to hit that in the next bull run.

So just compute how much you are going to profit though and see what will be good for your money in the next 2 years or so.

If you are going to ask me, I will just stick with BTC though.