Ethereum Outperforms Bitcoin Trading Operations

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Quote from: CuriousGeorge on October 06, 2022, 07:10:23 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, 04:58:10 PM

Quote from: South Park on October 06, 2022, 03:38:26 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, 09:31:33 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, 07:10:23 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

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Quote from: South Park on October 06, 2022, 03:38:26 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.

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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.

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Quote from: sana54210 on October 04, 2022, 12:19:42 PM

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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, 01:45:11 AM

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

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, 12:06:12 PM

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, 01:07:55 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, 01:07:55 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, 05:54:57 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, 05:54:57 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.

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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.

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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.

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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.

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Quote from: FanEagle on September 10, 2022, 02:55:06 PM

Quote from: South Park on September 08, 2022, 04:37:22 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.

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Quote from: South Park on September 08, 2022, 04:37:22 PM

Quote from: eaLiTy on September 02, 2022, 05:45:33 PM

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

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.

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Quote from: eaLiTy on September 02, 2022, 05:45:33 PM

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

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.

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Quote from: Tytanowy Janusz on September 03, 2022, 02:27:15 AM

(.....)

Quote from: StormHawk on August 14, 2022, 01:22:25 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.

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Quote from: eaLiTy on September 02, 2022, 05:45:33 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, 01:22:25 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.

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

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

.

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Quote from: icalical on September 02, 2022, 08:24:00 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.

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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.

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Quote from: Oceat on September 01, 2022, 07:18:33 PM

Quote from: virasisog on August 26, 2022, 02:26:56 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.

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Quote from: virasisog on August 26, 2022, 02:26:56 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.

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

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.

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Quote from: btc_angela on August 30, 2022, 10:15:06 AM

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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.

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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.

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Quote from: mpyllan on August 17, 2022, 09:31:33 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.

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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.

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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.

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Quote from: bitcampaign on August 21, 2022, 02:07:53 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.

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Bitcoin has more marketcap, it is normal for a coin with low marketcap to increase in price than the coin with high market cap during bull run, the coin with low marketcap will also decrease more than the coin with high marketcap during bear market, that is what we can use to compare ethereum and bitcoin.

Another reason is that there are misconceptions about the ethereum upcoming merge which many people thought ethereum and ethereum token transaction fee will be reduced to almost zero and that the transaction speed will increase, but they were all misconceptions. You can read about it:

https://bitcointalksearch.org/topic/--5410274

Regardless, anyone that want a decentralized coin, such people go for bitcoin.

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The reason why is most likely due to the merge. And right now it’s summer and Bitcoin is pretty much trading sideways. So ETH volume doesn’t really mean much.

Many are buying ETH on spot and shorting on the futures, so basically 1 hedge equals to twice the volume. It will be this way until after it merges and the block is passed since people want the free ETH.

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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

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Just as said by Tytanowy, it's all due to the upcoming merge. And the usual thing that the market triggers is to "buy the rumors and sell the news".

It's the possibility that there will be a huge pump before the merge and then eventually going to pump.

But for the long term holders, nothing to worry about as it's going to be normal again and likely to increase.

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Quote from: Ararbermas on August 20, 2022, 11:34:31 PM

rumours is very effective way how to increase the demand in the market because there's still a lot of people going crazy and riding the hypes, wherein assuming they can get a lot of profits afterwards.. But sad to say most of the results when it comes to such situation most buyers are frustrated and end up losses especially when it comes to alts because they always plunges back suddenly.. Unlike bitcoin that it takes too long and safe for gaining quick profits if there's a rumors..

That is why rumors should not easily provoke us and it is better to research and seek further information so that we know what really happened. But it seems that many people are repeating the same mistake by following the rumors that circulated so that they buy in inappropriate conditions, which results in them experiencing losses. But that's just how it is in the market and when more rumors circulate, it will make people panic and think they should follow suit before it's too late. Only people who can act wisely can take advantage of the situation because they can observe what is really going on.

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rumours is very effective way how to increase the demand in the market because there's still a lot of people going crazy and riding the hypes, wherein assuming they can get a lot of profits afterwards.. But sad to say most of the results when it comes to such situation most buyers are frustrated and end up losses especially when it comes to alts because they always plunges back suddenly.. Unlike bitcoin that it takes too long and safe for gaining quick profits if there's a rumors..

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People are massively buying in rumour but it was going down again after bitcoin dumped so hard again. No reason if outperform in trading operation meant that was even better than bitcoin. The fact that if everything is still remain unpredictable. More volume doesn't mean if that would be good. People are still speculating ethereum due to the next fork. Once it will be done and bitcoin will lead again.

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

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 what happening right now, the market is down again and the price of ETH goes back to $1500 level after failing to sustain the level of $2k, I can say that the market condition also affects the price and of course it didn’t invalidate the update, the hype might still be there but the market influence of Bitcoin still dominates here. There’s a lot of altcoins that outperforms Bitcoin, this is not the first time and probably it can still happen as the altcoins continues to grow as well.

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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.

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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

Topic: Ethereum Outperforms Bitcoin Trading Operations (Read 572 times)