Ethereum Outperforms Bitcoin Trading Operations - page 2.

Johnyz

full member

Activity: 2086

Merit: 193

Quote from: ?? on ??

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.

Kocret02

sr. member

Activity: 1190

Merit: 250

Buzz App - Spin wheel, farm rewards

The price of Ether (ETH) got a boost after The Merge in hourly metrics and is around USD 1,635 according to data from TradingView.

But it persisted for a long time, on Friday morning (9/16/2022) trading, the price of ETH fell again. According to data from Coinmarketcap, Ethereum is hovering around $1,471 or around Rp. 22 million, Ether is down 10.02 percent in the last 24 hours and 1042 percent a week.

Captain Corporate

hero member

Activity: 2170

Merit: 575

It is clear that people mainly will decide to go with ETH that we have right now, the proof of stake one, the hard forks are rarely ever getting any attention and I do not think that it will get any attention now neither. The problem is that people are expecting way too much from ETH right away, there isn't a real reason to be afraid of the situation and the fear that miners will move to another ETH and that one will be the main one is a wrong understanding of why this happened. The whole idea was to get rid of miners anyway, they will of course leave, this was done exactly for that reason, to think that it would be avoidable would be foolish. We got rid of the miners and now we are going to do well without them.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: FanEagle on September 10, 2022, 01:55:06 PM

Quote from: South Park on September 08, 2022, 03:37:22 PM

This is similar to what happened back in the day when the developers wanted to activate the segwit upgrade and the miners decided to create their own coin, this created a lot of hype for bitcoin back then and this created a huge interest in buying bitcoin because you could get two coins for the price of one, and now we are seeing something very similar happening with ethereum, however I have my doubts that we will see the price to skyrocket as the market conditions do not seem to be conductive of such movement.

I am not sure if there will be an "ethereum cash" type of deal or "ethereumsatoshis vision" type of deal at all. Those things were created and got a bit of attention at first, but then they went down hard, they are nowhere to be found right now, which is a proof that people already realized what a mistake it is to buy them, and that means if anyone tries to go around ethereum, then they are going to lose money just like they did with bitcoin cash.

Of course, the early ones who got it for free made a bit of profit, but anyone after that lost money because it dropped when all else went up. Hence, ethereum is the only one and won't be getting any proper competition.

And you are right, however we must remember that we are in the market of cryptocurrencies, a market in which people invest in all kind of projects that have nothing behind them, so it is not difficult for me to believe that we are going to see a hard fork for ethereum and that at the beginning there is going to be a lot of speculation for that coin which will make it to go up in value, but eventually this interest is going to disappear as no one will actually use it for any kind of transaction online or offline.

FanEagle

legendary

Activity: 3066

Merit: 1129

Quote from: South Park on September 08, 2022, 03:37:22 PM

Quote from: eaLiTy on September 02, 2022, 04:45:33 PM

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.

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being Wink

.

This is similar to what happened back in the day when the developers wanted to activate the segwit upgrade and the miners decided to create their own coin, this created a lot of hype for bitcoin back then and this created a huge interest in buying bitcoin because you could get two coins for the price of one, and now we are seeing something very similar happening with ethereum, however I have my doubts that we will see the price to skyrocket as the market conditions do not seem to be conductive of such movement.

I am not sure if there will be an "ethereum cash" type of deal or "ethereumsatoshis vision" type of deal at all. Those things were created and got a bit of attention at first, but then they went down hard, they are nowhere to be found right now, which is a proof that people already realized what a mistake it is to buy them, and that means if anyone tries to go around ethereum, then they are going to lose money just like they did with bitcoin cash.

Of course, the early ones who got it for free made a bit of profit, but anyone after that lost money because it dropped when all else went up. Hence, ethereum is the only one and won't be getting any proper competition.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: eaLiTy on September 02, 2022, 04:45:33 PM

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.

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being Wink

.

This is similar to what happened back in the day when the developers wanted to activate the segwit upgrade and the miners decided to create their own coin, this created a lot of hype for bitcoin back then and this created a huge interest in buying bitcoin because you could get two coins for the price of one, and now we are seeing something very similar happening with ethereum, however I have my doubts that we will see the price to skyrocket as the market conditions do not seem to be conductive of such movement.

GreatArkansas

legendary

Activity: 2534

Merit: 1397

Quote from: Tytanowy Janusz on September 03, 2022, 01:27:15 AM

(.....)

Quote from: StormHawk on August 14, 2022, 12:22:25 AM

The latest rumour going around about the Ethereum merge is a dump after, you are wrong if you are one of them, Ethereum going proof of stake and fixing the high gas fee have automatically turn this project into a GOLD, every whales will want to stake and enjoy the rewards, even if a dump happens after the so called fork it won't last.

Those will for sure lose during this event in short/medium and maybe even long time frame.

First, The Merge event on Ethereum will not fix the current high transaction fees on the Ethereum network.

The reason why Ethereum gains too much trading volume is yes because The Merge event, I also realize this as most of the time these past few days, most of the entries on my trading is on Ethereum and I notice the trading volume on Ethereum is growing high compared to Bitcoin.

Tytanowy Janusz

legendary

Activity: 2156

Merit: 1622

Top-tier crypto casino and sportsbook

Quote from: eaLiTy on September 02, 2022, 04:45:33 PM

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being Wink

.

Most of people who were buying ETH last few months to catch pro-fork pump are people who will not be affected by technical risks because most of them will start to dump 3-10 days before fork. Because that's when pre-events bubbles have their top most of the time. People who will be affected by those risks are people who are just about to know about it from mass media which are spamming about merge more and more the closer we are to it. Just few days ago many sites created countdown:

https://www.binance.com/en/ethereum-merge

People like OP (thinking that this big traffic is because of possible flippening, not because of pre-fork merge). People like him:

Quote from: StormHawk on August 14, 2022, 12:22:25 AM

The latest rumour going around about the Ethereum merge is a dump after, you are wrong if you are one of them, Ethereum going proof of stake and fixing the high gas fee have automatically turn this project into a GOLD, every whales will want to stake and enjoy the rewards, even if a dump happens after the so called fork it won't last.

Those will for sure lose during this event in short/medium and maybe even long time frame.

eaLiTy

hero member

Activity: 2814

Merit: 911

Have Fun )@@( Stay Safe

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.

It is definitely the hype and the rumor mills running that there might be another fork and users might be thinking easy money as they have seen in the past with the other forks. But the fact is that they are making a big change in the protocol level which can create major technical issues which is much risky in many levels and i would definitely stay away from ETH for the time being Wink

.

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

Quote from: icalical on September 02, 2022, 07:24:00 AM

People are buying ETH for the merge rumor hype, let see what happened after the merge actually happened. If it actually solve the gas fee issue, and ETH finally can scale up again so there is a small possibility that ETH will finally take over bitcoin marketcap. Only small possibility not a big one, because bitcoin will also get more adoption.

Most of the Blockchain that has a PoS consensus has no problem on gas fee since it’s much faster to process blocks on this way. We can’t just guarantee if it will handle properly all the transaction coming from the Ethereum ecosystem dapps because this is the most busy blockchain among the crypto blockchains. I think it will not solve instantly all the lapses of PoW Ethereum but rather this will just open for a lot of scalable solution to fix the issue of Eth blockchain.

Many Blockchain will be dead or decrease transaction volume once Ethereum merge become successful because this other blockchain exist because of the Ethereum Scalability issue. Ethereum might rival again Bitcoin at the top if everything goes according to the plan.

icalical

sr. member

Activity: 1400

Merit: 268

Fully Regulated Crypto Casino

People are buying ETH for the merge rumor hype, let see what happened after the merge actually happened. If it actually solve the gas fee issue, and ETH finally can scale up again so there is a small possibility that ETH will finally take over bitcoin marketcap. Only small possibility not a big one, because bitcoin will also get more adoption.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: Oceat on September 01, 2022, 06:18:33 PM

Quote from: virasisog on August 26, 2022, 01:26:56 PM

This usually happens when there are rumors and updates about Ethereum but it can't surpass be the value of Bitcoin. I guess investors are just taking advantage of the possible pump caused by rumors but since we're still in the bearish season, the price might drop down again. Bitcoin will still take the lead again and will continue to dominate the market despite these occurrences.

Do they know this is usually what's happening when there's a hype?

Just a little rumor and boom fomo everywhere but after a few days or weeks it will just all gone and stop then a sudden drop that they don't expected going to happen and little did they know the market suddenly collapse back to it's usual price. Well, it's best to just buy it when you know it's cheap and not when you know it's going to pump soon.

this is what traders are taking advantage of. they are discreetly gaining profits because of this type of scenario. this is like their playing ground on how to extract profits from fud and other fomo reactions by the community. if you are here long enough, you already witnessed this countless times, and for sure, you have your tactics on how to get your own profits.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: virasisog on August 26, 2022, 01:26:56 PM

This usually happens when there are rumors and updates about Ethereum but it can't surpass be the value of Bitcoin. I guess investors are just taking advantage of the possible pump caused by rumors but since we're still in the bearish season, the price might drop down again. Bitcoin will still take the lead again and will continue to dominate the market despite these occurrences.

Do they know this is usually what's happening when there's a hype?

Just a little rumor and boom fomo everywhere but after a few days or weeks it will just all gone and stop then a sudden drop that they don't expected going to happen and little did they know the market suddenly collapse back to it's usual price. Well, it's best to just buy it when you know it's cheap and not when you know it's going to pump soon.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

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.

This is absolutely correct, when you just look at the numbers it may seem as if ethereum is moving closer to bitcoin but that is only true if you do not take into consideration the circumstances which surrounds those numbers, as we know people are very excited about the merge and they are investing heavily in ethereum, so it makes sense that its metrics are for the time being a little bit better than the metrics of bitcoin, but once this hype goes away things are going to go back to normal.

yohananaomi

sr. member

Activity: 2436

Merit: 267

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: btc_angela on August 30, 2022, 09:15:06 AM

----
Nevertheless, Sept might be good to see the price go up to $2k or even higher, because finally it will be done on the mainnet. So again, expect a new hype, prices go up, but hopefully it will be sustainable at least.

although the situation does not appear to be showing signs of improving, Obviously hoping that there will be changes in September is certainly a wish, although it is possible that the expected analysis cannot be fulfilled properly. because in a situation like this all analysts can't give exact information about what will happen with crypto.
We will wait patiently that September will indeed see changes, although it is very possible that it will always fail to happen, but hope is something that does not hurt.

btc_angela

hero member

Activity: 2660

Merit: 551

Just looking at the date of this thread, yeah, seems to be on the hype on the merger that's why it outperformed bitcoin at that time. But looking at today, bitcoin is on the top again, so there is no Flippening, sorry to burst the bubble for ETH investors.

Nevertheless, Sept might be good to see the price go up to $2k or even higher, because finally it will be done on the mainnet. So again, expect a new hype, prices go up, but hopefully it will be sustainable at least.

Novita

full member

Activity: 350

Merit: 101

Trident Protocol | Simple «buy-hold-earn» system!

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

Granted, for the most part, the pre-merger hype was just to show that it felt decent and impressive, thus leading most people to buy into the rumors, but I don't think there's any way Ethereum outperformed Bitcoin, even though its decline in this period has been stark.
We've seen history in the cryptocurrency market that Bitcoin has proven itself to be the leader of the digital currency market, and I think it's fair to speculate that Ethereum has outperformed Bitcoin. If you follow the rumors that are circulating and you, without researching them first, immediately buy under unsuitable conditions, you will experience losses.

virasisog

hero member

Activity: 1820

Merit: 537

This usually happens when there are rumors and updates about Ethereum but it can't surpass be the value of Bitcoin. I guess investors are just taking advantage of the possible pump caused by rumors but since we're still in the bearish season, the price might drop down again. Bitcoin will still take the lead again and will continue to dominate the market despite these occurrences.

JeromeTash

legendary

Activity: 2366

Merit: 1272

Heisenberg

Quite self-explanatory given how much ETH has been very volatile lately due to the on coming merge. There is a lot of FOMO while others are taking advantage of the volatility to trade both on derivatives and spot markets. Bitcoin on the other hand has been less volatile over the same period.

cryptoperkele

member

Activity: 889

Merit: 60

Quote from: bitcampaign on August 21, 2022, 01:07:53 PM

but that doesn't mean ethereum is far superior to bitcoin or beat bitcoin trading volume over CMC to be number 1, people are coming for ETH because they will merge and release ETH 2.0 soon so many people take advantage of the moment to buy

Suprior in what way? Eth has less marketcap and smaller liquidity than bitcoin so it moves more easily up or down just because of that. Also it's still considered to be dangerous tech wise as the code is way more delicate then in bitcoin.

Topic: Ethereum Outperforms Bitcoin Trading Operations - page 2. (Read 648 times)