Is ethereum still a viable alternative to Bitcoin?

Joyawan13

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Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

in choosing Bitcoin as an option to invest
long term to buy it at the current price for me is a good thing, for example you don't think you can make a profit in the near future, and I think you can make Ethereum also an alternative for you to make as an alternative as your investment, so as a new investor you can choose both for you to make as an investment, and you can keep it in a safe place for a long time.

ajochems

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If the question is for now, the answer is Yes.Untill BNB price had reach of 1000$ or 2000$.It won't became an alternative for Ethereum. Now the Binance Smart Chain was became a mode of transaction.It allow both the Usdt, BNB and BUSD transaction via the BSC. Now the price of bitcoin had reached some pump, the same was reflected in the bitcoin. The second position in the cryptp was leads to Ethereum only.

darewaller

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Quote from: AnonBitCoiner on March 17, 2022, 02:29:54 PM

Look at what bitcoin is and now look at Ethereum. Ethereum has many barriers BTC doesn't have. The major barrier is gas fees. Also, people are looking at the store of value. ETH doesn't have a cap on how many ETH there can be while BTC does. But those are only a couple things.
It is still possible that it hits 40k

That is a thing that could be solved though, that’s the problem. BTC does have a fee problem as well, or at least did have it but the legacy is not used anymore, hell even the initial segwit addresses are not used anymore. We used to use addresses that started with 1... then we moved to 3... and now we have like bc1... type of addresses. That should tell you all you need to know about the current situation.

I do not know if that would be good enough or not, but I believe that we should not be really caring about the current gas fee problem in ETH because just like how BTC changed its situation by using alternatives, ETH could also do that in the future.

magneto

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I wouldn't say alternative.

Bitcoin is like digital gold, a store of value for the people.

ETH is like digital oil, a way for people to make transactions trustlessly on the blockchain and with smart contracts. They simply serve two very distinct and different purposes, and have coexisted for the better half of a decade now. It doesn't really matter to me whether or not the flippening occurs - I hold a healthy dose of both.

Odusko

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Bitcoin and altcoin are two different coins e.g ethereum as you mentioned have its disadvantage and advantage over Bitcoin, the ethereum blockchain may offer more flexible services compared to Bitcoin but again when you talk about gas fees and supply ethereum can not compete with Bitcoin on that. So many upgrades that are not possible with the Bitcoin blockchain can easily be done using the ethereum blockchain which makes it the top choice for new developers looking for ways to interact with the network.

AnonBitCoiner

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Look at what bitcoin is and now look at Ethereum. Ethereum has many barriers BTC doesn't have. The major barrier is gas fees. Also, people are looking at the store of value. ETH doesn't have a cap on how many ETH there can be while BTC does. But those are only a couple things.
It is still possible that it hits 40k

shawon01

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There is a lot of blood from which the ischaria girl gets a lot of help which is known to be directly received by the development user like erc20 like exchanger or NFT.
erc20 gas is declining its scholars a lot day by day to increase its popularity I think everyone will use it if it is a little less

Japinat

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Quote from: Tellek Garing on February 04, 2022, 12:51:59 AM

Quote from: Botnake on January 18, 2022, 03:53:09 AM

Quote from: Cryptock on January 17, 2022, 03:39:40 PM

Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

Despite the recent slight drops in prices, I believe that Bitcoin and Ethereum are still a very stable investment when it comes to the cryptocurrency market. If someone likes higher risk, of course, he can try his luck by investing in less stable cryptocurrencies, but he must be avare with the fact that he has the same chance to earn a lot and lose a lot. I think the best solution is to invest partly in BTC and ETH and some in more risky altcoins.

I agree. Investing in both bitcoin and ethereum can assure us that there will be more gains compared to losses. In fact, we won't be losing if we don't sell them at a lower value. So hodling them both can still be profitable in the long run. But i suggest, invest in bitcoin with a higher allocation since it always reach a limitless price, and ethereum is always next to bitcoin.

It's better to invest in already established coins e.g Bitcoin, BNB, and ethereum rather than risking your capital on meme coins that will only give pumped profits and if you are not smart enough to cash in on the pump market it drastically crashed back to nothing, ethereum price may be down now but I believe in it potential to rise soon so I can invest 60% of my funds in ethereum and the rest 40% in other coins.

Meme coins have no place in the market right now especially that most of them have been affected by the unstable market condition. So let's focus on bitcoin and its viable alternatives. Honestly, despite of ethereum's high gas fees, i still don't have the nerves to remove ethereum and replace it with another altcoins. Maybe because its still more secured and worth the investment for me. So im still convinced with bitcoin and ethereum as my top investments this year.

manok jepang

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although ETH is ranked second after bitcoin, but in my opinion there are other coins that can be used as viable alternatives to bitcoin, including binance, and solana, where these coins have a very large market capitalization and popularity, besides that the network connections his very fast with gas costs that are still very small/affordable.

Drnice

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Diversification is a very useful tool or method when it comes to investing in the crypto community. Investing in Bitcoin is a good move as it is trusted and has the leading strength and trend of the market, while making other options in the Altcoins section that can be of good returns for the long run. Etherium is and has been on the second position in the crypto leaderboard, with lots of competitors all around, but not able to swing it of. Etherium is the head of all altcoins (maybe based on position in the leaderboard and market capitalization and supporters), but with lots of competitors. Etherium is good, the addition of other coins like SOL, BNB etc are profit driven in the market.

rodskee

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Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

wrong bitcoin and ethereum never did become an stable currency, yeah there are chance that the price is staying a little but surely it moves at least per day so it wasn't stable at all.

But asking if Ethereum is still viable alternative to bitcoin? lol there are many good altcoin that can be alter bitcoin why need to be ethereum when the gas fee of this coin increase so high when there are congestion ?

bhadz

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Quote from: macson on February 04, 2022, 02:25:37 AM

if you really want to look for other investment options besides Bitcoin then just choose avax or solana because both of them are slowly starting to be attracted by developers, many big projects will appear on the solana and avax network, of course it will make the price soar. ethereum is like a leech sucking blood and until now they still haven't been able to solve the problem of the gas fee which is too volatile.

Well, too bad for ethereum. It's not impressive but everyone isn't willing to sell their ethereum and replace it with another altcoin that's emerging like those that you have mentioned.
But if somebody wants to invest on it, there's a way of doing it and that's through buying with your another budget which comes from your fiat or any other investment.

macson

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Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

if you really want to look for other investment options besides Bitcoin then just choose avax or solana because both of them are slowly starting to be attracted by developers, many big projects will appear on the solana and avax network, of course it will make the price soar. ethereum is like a leech sucking blood and until now they still haven't been able to solve the problem of the gas fee which is too volatile.

Tellek Garing

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Quote from: Botnake on January 18, 2022, 03:53:09 AM

Quote from: Cryptock on January 17, 2022, 03:39:40 PM

Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

Despite the recent slight drops in prices, I believe that Bitcoin and Ethereum are still a very stable investment when it comes to the cryptocurrency market. If someone likes higher risk, of course, he can try his luck by investing in less stable cryptocurrencies, but he must be avare with the fact that he has the same chance to earn a lot and lose a lot. I think the best solution is to invest partly in BTC and ETH and some in more risky altcoins.

I agree. Investing in both bitcoin and ethereum can assure us that there will be more gains compared to losses. In fact, we won't be losing if we don't sell them at a lower value. So hodling them both can still be profitable in the long run. But i suggest, invest in bitcoin with a higher allocation since it always reach a limitless price, and ethereum is always next to bitcoin.

It's better to invest in already established coins e.g Bitcoin, BNB, and ethereum rather than risking your capital on meme coins that will only give pumped profits and if you are not smart enough to cash in on the pump market it drastically crashed back to nothing, ethereum price may be down now but I believe in it potential to rise soon so I can invest 60% of my funds in ethereum and the rest 40% in other coins.

Botnake

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Quote from: Cryptock on January 17, 2022, 03:39:40 PM

Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

Despite the recent slight drops in prices, I believe that Bitcoin and Ethereum are still a very stable investment when it comes to the cryptocurrency market. If someone likes higher risk, of course, he can try his luck by investing in less stable cryptocurrencies, but he must be avare with the fact that he has the same chance to earn a lot and lose a lot. I think the best solution is to invest partly in BTC and ETH and some in more risky altcoins.

I agree. Investing in both bitcoin and ethereum can assure us that there will be more gains compared to losses. In fact, we won't be losing if we don't sell them at a lower value. So hodling them both can still be profitable in the long run. But i suggest, invest in bitcoin with a higher allocation since its always reach a limitless price, and ethereum which is always next to bitcoin.

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Quote from: slaman29 on January 16, 2022, 08:44:11 AM

I think if more people also sent low priority (or even edit to make it below low) on non-urgent transactions, we would help keep fees low.

Every transaction is urgent i think, because we will make a transaction when we needed. So no one expect the transaction will success after take a few hours with crazy gas fees. I tried to edit gas limit to save some fees but it’s very annoying to wait such long time. Even will take more than a week i faced several time.

Er, no. I have non-urgent transactions all the time. Transferring wallet to wallet, just keeping things neat and managed. It can take 1 hour or 1 week, I have no problems at all waiting.

And about not expecting transactions to take a few hours? If you've used Ethereum before and are still surprised with fees when there's everything to help you out and even Speeding Up options, then you really need to pay more attention.

beerlover

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Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

It is not easy to calculate where it is going right now because even though it is still used a lot, there are also a lot of people who stay away from ETH because of the gas fee situation. I am 100% sure that if the gas fee was under 1 dollars, then we would definitely have a lot of people using it, we already have a lot but there would be even more that uses it. However, the reality is that since ETH is used so much because of the gas fee, that causes people to buy it, and then spend it on the gas fee, if you make it lower than people would participate in projects but since they do not need ETH too much, they will not buy it too much.

So, while gas fee causes some people to stay away, it also causes many people to buy ETH and increase the price indirectly. I do not know which one would be better for ETH, getting more people involved or having a bigger utility with gas fee?

Cryptock

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Quote from: Tellek Garing on December 26, 2021, 03:35:32 PM

Both ethereum and Bitcoin are at a stable price right now, ethereum still maintained its almost 4k price and bitcoin rely on around the 50k region but those investors looking for quick profits are looking for better options between the two so should one remain with Bitcoin or should look for another option like ethereum so what will you advise for a new investor.

Despite the recent slight drops in prices, I believe that Bitcoin and Ethereum are still a very stable investment when it comes to the cryptocurrency market. If someone likes higher risk, of course, he can try his luck by investing in less stable cryptocurrencies, but he must be avare with the fact that he has the same chance to earn a lot and lose a lot. I think the best solution is to invest partly in BTC and ETH and some in more risky altcoins.

Finestream

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Quote from: Silberman on January 16, 2022, 11:58:08 AM

Quote from: dEjAvOU on January 13, 2022, 10:59:58 AM

I think it's better to switch to BSC, CRO, MATIC or something else, the expensive and slow ETH network is slowly being abandoned by the developers so I'm sure one day ETH will be out of the top 100.

Even if technically anything can happen in the world of cryptocurrencies I find this difficult to believe, I mean most of the time the reason other blockchains are faster and cheaper than ethereum has nothing to do with the technology and it has to do simply with the level of adoption between those coins, once those coins reach a level of adoption similar to what we see in ethereum then we are bound to see the same problems emerging, so I doubt ethereum is going to be out of the top 100 as easily as you think.

Ethereum is also having a price decline right now but i can see that its price never fall below $3k so its still bullish for me. Although it has its own issues that until now are not yet resolved, but for me there will be less chances for ethereum to be removed from the top coins in the market since its still giving convenience to all its users, and its demand has never been lost. So i still see ethereum being viable alternative to bitcoin and it always comes next to bitcoin.

onecall123

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even for me, $8 is quite a lot of money for the fee. yeah, but for the ethereum fee it's quite cheap. to be honest, as much as possible I still avoid using ethereum as an alternative to bitcoin because the fees are very expensive. well, for now, I tend to use BSC if looking for an alternative to using ethereum. well, I think, transactions with large fees are not very good transactions. that is my judgment. so I'm really avoiding it for the time being.

There is an even cheaper option if you want to stay away from Ethereum at this time, namely by using the Polygon network with fees from automatic coins which for now are still super cheap and even cheaper than BSC so that it can be your alternative for transactions other than BSC.

No matter other alternatives, BSC blockchain is getting popular despite the increasing network fees. Looks like Polygon has lower network fees. While we have more of other products, they are still in shortage range with low coverage. BSC chains are used everywhere else. Every project implements a bridge mechanism to get rid of expensive network fees and move onto another chain, so that users may experience reasonable fees.

Topic: Is ethereum still a viable alternative to Bitcoin? (Read 756 times)