Ethereum Outperforms Bitcoin Trading Operations

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Quote from: CuriousGeorge on October 06, 2022, 06:10:23 PM

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Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

The hype has gone. The price goes down rather than going up. This is caused by people have bigger expectation to the ethereum merge but they are disappointing with the result from merge. That proves that if ethereum will not able to reach the high price without the help from bitcoin and crypto market. Im sure that people aware about this too. Bitcoin is always outperform ethereum. Ethereum may got more volume when it was getting hyped

Yes, the movement will be the same if you look at the bull market last year. Not only ethereum but other altcoins will surely follow bitcoin for its price increase. But sometimes ethereum can hold up pretty well when bitcoin is being dumped to the bottom and that really eases my mind so I don't panic because I'm an ethereum holder too.

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Quote from: milewilda on October 06, 2022, 03:58:10 PM

Quote from: South Park on October 06, 2022, 02:38:26 PM

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eth has gained more and more fame but doesn't necessarily means that eth value could randomly increase without the contribution from btc trend since btc is still the ones that could affect the value of many coins, I think even though eth could overtake btc in some field it's just only temporary, eventually btc will rise again, just like how btc dominance works, eventually btc comes out and becomes and retake the throne again.

Investors will do well to remember that bitcoin dominates this market, even if there are other good projects that have some influence like it is the case of ethereum we must also remember that without the positive influence of bitcoin it is almost impossible for the rest of the coins to move up in value in an organic manner, so while some were hoping the merge will bring a huge growth in the altcoin market in general I always thought those expectations were out of place.

Cant really deny nor ignore the fact that lots of coins had already overtaken or surpassed bitcoin when it comes to features and utility but still they cant really beat up because the entire community do really still
support on whats the main or king of all cryptocurrencies which is Bitcoin.It might not be having those fancy features but it could still simply do the job well as a digital currency and this is what makes
it even more harder to beat as the years passing by.Although we cant really be that so sure when it comes to that because nothing is assured if we do talk about the future.
ETH or simply smart contracts is something revolutionary but it do still able to sit 2nd or next to Bitcoin which it isnt that surprising.

What happens is that bitcoin is not only a technology, I know that for example in the case of smartphones people get rid of them and buy a new one even if they still work perfectly fine for a small increase in performance all the time, so it may seem odd to some why this does not happen with bitcoin as well, but we must remember that bitcoin is a form of money and for any monetary system to work trust will always be a central element, and since people trust more in bitcoin than in those altcoins then it is almost impossible for them to ever surpass it.

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Quote from: mpyllan on August 17, 2022, 08:31:33 AM

You can see the effect in the number of settlements that both cryptocurrencies achieved in the last 24 hours. While BTC settled some USD 23.32 million, ETH doubled that amount for a total of $48 million, according to Coinglass. It is usual for more bitcoin trades to settle because it has more trading, so its dethronement in this period is striking.

However, you can appreciate the most exciting metric regarding trading volume for the Ethereum cryptocurrency in options contracts. Specifically in options open interest, where ether also outperformed BTC. In other words, it has a more significant number of open positions in this derivative than those also trading in the BTC market.
https://www.vanticatrading.com/post/ethereum-outperforms-bitcoin-trading-operations

Personally I have more faith in XRP and ICP long term compared to BTC and Ethereum. Neither BTC nor Ethereum can scale and its highly unlikely that businesses will chose Ethereum over corporate solutions like HBAR and Hyperleder and governments will chose their own CBDCs on XRP over using BTC, which they can't control.

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Quote from: CuriousGeorge on October 06, 2022, 06:10:23 PM

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Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

The hype has gone. The price goes down rather than going up. This is caused by people have bigger expectation to the ethereum merge but they are disappointing with the result from merge. That proves that if ethereum will not able to reach the high price without the help from bitcoin and crypto market. Im sure that people aware about this too. Bitcoin is always outperform ethereum. Ethereum may got more volume when it was getting hyped

The Ethereum merge made the Ethereum hype over, not even just for ethereum, but mineable coins like RVN and ETC also ended the hype,
of course the Ethereum merge should have brought Ethereum much greater value but the situation is not yet supported because the bear season is still running,
here it is why is ETH so hard to outperforms from Bitcoin.

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Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

The hype has gone. The price goes down rather than going up. This is caused by people have bigger expectation to the ethereum merge but they are disappointing with the result from merge. That proves that if ethereum will not able to reach the high price without the help from bitcoin and crypto market. Im sure that people aware about this too. Bitcoin is always outperform ethereum. Ethereum may got more volume when it was getting hyped

milewilda

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Quote from: South Park on October 06, 2022, 02:38:26 PM

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eth has gained more and more fame but doesn't necessarily means that eth value could randomly increase without the contribution from btc trend since btc is still the ones that could affect the value of many coins, I think even though eth could overtake btc in some field it's just only temporary, eventually btc will rise again, just like how btc dominance works, eventually btc comes out and becomes and retake the throne again.

Investors will do well to remember that bitcoin dominates this market, even if there are other good projects that have some influence like it is the case of ethereum we must also remember that without the positive influence of bitcoin it is almost impossible for the rest of the coins to move up in value in an organic manner, so while some were hoping the merge will bring a huge growth in the altcoin market in general I always thought those expectations were out of place.

Cant really deny nor ignore the fact that lots of coins had already overtaken or surpassed bitcoin when it comes to features and utility but still they cant really beat up because the entire community do really still
support on whats the main or king of all cryptocurrencies which is Bitcoin.It might not be having those fancy features but it could still simply do the job well as a digital currency and this is what makes
it even more harder to beat as the years passing by.Although we cant really be that so sure when it comes to that because nothing is assured if we do talk about the future.
ETH or simply smart contracts is something revolutionary but it do still able to sit 2nd or next to Bitcoin which it isnt that surprising.

South Park

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Quote from: ?? on ??

eth has gained more and more fame but doesn't necessarily means that eth value could randomly increase without the contribution from btc trend since btc is still the ones that could affect the value of many coins, I think even though eth could overtake btc in some field it's just only temporary, eventually btc will rise again, just like how btc dominance works, eventually btc comes out and becomes and retake the throne again.

Investors will do well to remember that bitcoin dominates this market, even if there are other good projects that have some influence like it is the case of ethereum we must also remember that without the positive influence of bitcoin it is almost impossible for the rest of the coins to move up in value in an organic manner, so while some were hoping the merge will bring a huge growth in the altcoin market in general I always thought those expectations were out of place.

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Quote from: sana54210 on October 04, 2022, 11:19:42 AM

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At present I am not interested in Dex from ETH because of the cost of gas that is very expensive, certainly not natural if we swap token worth $ 50 but the cost of swap is more than 30%, this should be the concern of the Ethereum team.

It is not, the other day I did ETH transaction from my metamask to my binance account and it charged me just 86 cents, maybe I paid a little less for a transaction that was slower, I paid the bare bottom price that would work, but I remember a period when it was over 40 dollars to do the same thing, so it is still doing a lot better if you ask me.

I believe that we shouldn't be really seeing it more expensive anymore, sure there are some coins where you could do it for under 10 cents, so it is still 10x more expensive than them, but at the same time it is 10% of what it used to be and even cheaper, so that is definitely a great improvement.

Sometimes it's about how congested the network is. In rush hours or in day time, the transaction fees for all cryptos, not only in eth is a little bit higher compared to when you are transacting passed 12 or 1 am. I don't know if when he did his transaction. Was it last time before the merge happen?

Because, eth is known to have a problem with its fees where it became really expensive but maybe the fees are cut down by a great percent after the merge have completed. Lastly before we transact, we are always presented by a receipt if how much fees we are going to pay. We can always refuse the transaction. Don't let the fees consume most of your money unless if you badly need the funds.

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At present I am not interested in Dex from ETH because of the cost of gas that is very expensive, certainly not natural if we swap token worth $ 50 but the cost of swap is more than 30%, this should be the concern of the Ethereum team.

It is not, the other day I did ETH transaction from my metamask to my binance account and it charged me just 86 cents, maybe I paid a little less for a transaction that was slower, I paid the bare bottom price that would work, but I remember a period when it was over 40 dollars to do the same thing, so it is still doing a lot better if you ask me.

I believe that we shouldn't be really seeing it more expensive anymore, sure there are some coins where you could do it for under 10 cents, so it is still 10x more expensive than them, but at the same time it is 10% of what it used to be and even cheaper, so that is definitely a great improvement.

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It's not only ethereum, you must also pay attention to the bitcion too. market is very hard to increase due to the rate hikes by the FED. so many investors prefer to put their money into the US and hold USD as store of value for now as the price is always going up no matter what happened with another fiat money. It will never happen. The daily trade volume of bitcoin in binance has been reached another highest again.

Everything in the market has been affected by the rate hike made by the FED. But this isn't going to last forever and times will be good again, it's happening in some years that we have to see such decline in most markets.
But, this time, it's most markets that are struggling and when bitcoin goes on the halving and years pass by, despite people have preferences in the crypto market like having an all in to ETH and any other coin, we have to balance it for the sake of dealing with losses.

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Until now Ethereum is still difficult to skyrocket, even seen following the market, I hope that Ethereum can explode and defeat Bitcoin, the use of Ethereum is increasing because of the many Ethereum developers should make ETH prices can reach at least $ 5000.

How Will Ethereum Beat Bitcoin? I can't find any way for it to beat bitcoin in the future. To make matters worse, the POS upgrade turned ethereum into a centralized coin managed by whales that can be freely manipulated. The future of ethereum is a big question as it becomes more centralized whether privacy-priority investors will continue to back it. It is considered to be the biggest, best altcoin because using POW is both secure and decentralized that no other altcoins own, but with the move to POS, it has ceased to be special.

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Quote from: bounceback on September 26, 2022, 12:45:11 AM

Quote from: Tytanowy Janusz on August 19, 2022, 11:06:12 AM

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

Exactly as you said that after the merger event is over Bitcoin will again outperform ETH and it is proven even now if we see the price of ethereum coin has dropped to the level of $1.2k and has returned to rank 2 in the market, when the pre-merger Hype came in the price of etherum coin had touched the level of $ 1.7k but it was only temporary and it's only natural that at that time the trading volume of ethereum coin could outperform Bitcoin.

This is why it is important to not get ahead of ourselves, without a doubt the merger was an event that attracted the attention of people all around the world and not only of those that were interested in the market of cryptocurrencies because of the transition ethereum made from proof of work to proof of stake, and it is obvious that what we were seeing was just temporary, so like always people need to be way more careful when it comes to the predictions that they make or they run the risk of losing money over those mistaken predictions.

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Quote from: Tytanowy Janusz on August 19, 2022, 11:06:12 AM

Its pretty impressive but its worth to point out that its mostly a pre-merge hype. After its done, after "buy rumours sell facts event" and spectacular dump, bitcoin will come back on top once again.

Exactly as you said that after the merger event is over Bitcoin will again outperform ETH and it is proven even now if we see the price of ethereum coin has dropped to the level of $1.2k and has returned to rank 2 in the market, when the pre-merger Hype came in the price of etherum coin had touched the level of $ 1.7k but it was only temporary and it's only natural that at that time the trading volume of ethereum coin could outperform Bitcoin.

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Quote from: Kocret02 on September 19, 2022, 12:07:55 PM

Ethereum has outperformed Bitcoin during 2021 as well as during the recent price boom which was followed by the achievement of new record peaks for both digital tokens.
The Platform and Energy factors that have supported the second leading cryptocurrency to be higher than Bitcoin, and Ethereum is expected to continue to win against Bitcoin.

I don't know if it will continue or not but Ethereum has that potential,
this is crypto where anything can happen and that's why crypto is hard to predict,
the most important thing is to keep up with the progress

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Quote from: Kocret02 on September 19, 2022, 12:07:55 PM

Ethereum has outperformed Bitcoin during 2021 as well as during the recent price boom which was followed by the achievement of new record peaks for both digital tokens.
The Platform and Energy factors that have supported the second leading cryptocurrency to be higher than Bitcoin, and Ethereum is expected to continue to win against Bitcoin.

Admittedly, the usecase of ethereum is very wide, has very high applicability, new projects, new technologies, new trends in the crypto market are mostly created from the ethereum blockchain, but for ethereum to overtake bitcoin is something that will never happen.

Although ethereum is useful but bitcoin is still the safest coin today thanks to its decentralized nature, as long as there is volatility, everyone looks to bitcoin as a haven, altcoins assets are all dumped.
Bitcoin remains the top choice for countries and companies that want to accept cryptocurrencies and not any other altcoins.

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Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

I am not so sure I agree with what you state about ethereum having the bigger use case, the only thing that ethereum has produced so far are thousands upon thousands of shitcoins we do not need in this market, while bitcoin has allowed countless transactions between parties without relying on a bank, so while the use case of bitcoin is still going strong people are really beginning to get tired of shitcoins as the only thing that happens with those coins is that if you dare to invest with them then you eventually get scammed.

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Ethereum has outperformed Bitcoin during 2021 as well as during the recent price boom which was followed by the achievement of new record peaks for both digital tokens.
The Platform and Energy factors that have supported the second leading cryptocurrency to be higher than Bitcoin, and Ethereum is expected to continue to win against Bitcoin.

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Yes indeed now many people are buying ethereum, because they see the good potential in ethereum, because the price of ethereum is still cheap so many people are interested in buying ethereum to make long-term investments, but of course bitcoin also I think the trading volume will continue to increase, and of course for sure in the future bitcoin will again lead again in trading volume. because still bitcoin is the first rank. And the fans are growing.

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Quote from: Johnyz on September 17, 2022, 04:54:57 PM

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Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

There’s a lot of instances that Bitcoin is being out performed by the altcoins and I see this as a normal and healthy scenario for the cryptomarket. ETH is a good coin and there’s no doubt about this one, now that there’s also an update with them the probably we might see a more expensive ETH but again, BTC is the king and no one can replace it on top not even on a bull market.

That's true despite the good development of Ethereum but still Bitcoin is still superior,
I agree that Bitcoin will remain the king of crypto and it really can't be contained by any coin,
but again this is crypto which is difficult to predict and better just follow its development

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Quote from: Johnyz on September 17, 2022, 04:54:57 PM

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Ethereum is best coin after BTC. Btc did well in previous years and gained most of marketcap while Etherum is still accumulating supply. Ethereum Usecase is bigger because of having Blockchain and many of Project using it.
NFt and gaming trend attract so much investor into crypto and they all use Etherum for this purpose. We may see more Ethereum accumulation in NfT bull run

There’s a lot of instances that Bitcoin is being out performed by the altcoins and I see this as a normal and healthy scenario for the cryptomarket. ETH is a good coin and there’s no doubt about this one, now that there’s also an update with them the probably we might see a more expensive ETH but again, BTC is the king and no one can replace it on top not even on a bull market.

Altcoins are more active when it comes to trading, and you can see some of them really achieve 100% increase over a month while Bitcoin remains on a lower percentage but that doesn't mean Bitcoin is being outdated, it's just that there are times for Altcoins and there's time for Bitcoin. ETH did a great job over the years and being able to stay below Bitcoin is already a big achievement. Now talking about the update, I can say that this can strengthen ETH Network and probably in the next bull run we might see another peak for the top coins. Bitcoin will still remain the top coin, and even if altcoins outperformed Bitcoin in trading profit, there's still none of them can replace Bitcoin.

Topic: Ethereum Outperforms Bitcoin Trading Operations (Read 648 times)