Since I joined the cryptocurrency world and even this forum I have seen something that people always do that I think its not the right way. People always compaire ETH with BTC telling us that ETH is the best cryptocurrency. I really doubt that because looking at these two coins, although they are all blockchain based currencies but to me BTC is doing far better than ETH. BTC was created before ETH but look at the performances and judge it yourself. I really do not want to talk much about this issue. Guys what do think about what I am arguing about?
I need to be concise, even looking like a Ethereum fan by saying that.
The cryptocurrencies universe, on the look of newcomers, needs a front coin to represent and present it; thats Bitcoin, that is synonymous of cryptocurrencies (like newbies calls mobile OSes as Android instead of OS - like "their Android is different", Ethereum and other alts are called "this is a different Bitcoin"), and Bitcoin is the very first cryptocurrency, that began this concept and also blockchain.
But the problem is: Bitcoin is not updated like Ethereum is. Scalability is the biggest problem of cryptocurrencies, and even Ethereum is suffering from this.
Lots of newbie users joined the crypto universe in 2017, and were feared with the low speed and high fees for simple transactions: showing Bitcoin as not usable. The probability of return of those users is very, very low. When invited again, they will say: "Bitcoin? That slow and expensive thing, no, thanks, my credit card is also virtual and fast, I can do Internet banking, so why use Bitcoin?". You reply: "But it is not Bitcoin, it is another coin". Then, the newbie replies: "I don't want to hear about those bitcoins".
Like Internet Explorer couldn't anymore say "I'm now different, switch from Chrome", Microsoft needed to re-create Internet Explorer with a new brand: Microsoft Edge. But Edge, like Bitcoin, has been disclosed so early, then users thought: "lots of abusive advertisements for that bad product? I'll never use it again". Then, Microsoft needed to get rid of Edge, also.
Thats the thing about Bitcoin and Ethereum: when they had their "BOOM", they weren't ready, which generated a bad image about it.
But there's a difference between BTC and ETH: Bitcoin is practically the same, while Ethereum is receiving updates.
If the majority of Bitcoin nodes could accept scalability updates (segwit, lightening network, smart contracts), it could be the front of cryptocurrencies.
Ethereum haves strong competitors: Cardano, EOS, etc.
Bitcoin is not a coin to have competitors, its old, and just the icon of cryptocurrencies; that doesn't mean, like Twitter's CEO wrongly said that Bitcoin should be the universal digital currency. Like Netscape is not the universal web browser, and not even its fork Firefox.
Bitcoin received lots of good proposals, but they were rejected, and majority of nodes didn't updated the client with those updates. But Ethereum is being updated and reacting to the scalability issues. If no other competitor reaches the power that Ethereum 2.0 can have, as the synonymous of smart contract platform, Ethereum alongside with privacy coins will be the face of cryptocurrencies, while Bitcoin will be just a old "Netscape" of the cryptocurrencies.
Currently, Bitcoin is the base price of all other coins: when Bitcoin is low or high value, the other coins follows it. Thats why I hold it yet, so currently its worth to have Bitcoin.
If you want to buy Bitcoin, Ethereum and other smart-contract platform coins, they can be aquired as bundles on
CoinBundle platform. I think that most of coins haves their own value, as Bitcoin couldn't be the only scalable smart-contract platform, and Ethereum is not a privacy coin like ZCash, Bitcoin haves the value of being the first coin and of be the base price of other coins. But if cryptocurrency universe wants to look good for newbies, Bitcoin can't be its face, but a nostalgic piece of it. About
CoinBundle, they haves the top 20 coins to be invested in a bundle (instead of choosing coins, you choose a done portfolio to buy), but if you want less, there are also other bundles: conservative (bitcoin, ethereum..), emerging (for the techies and investors that did good research about the coins it includes), aggressive (risky, for experienced traders), halal (the world's first to comply with Islamic Finance), Coinbasic (inspired from Coinbase Bundle, that has been inspired on
CoinBundle) and top 20, containing the 20 leading coins with highest market cap. Test the platform, and tell what do you think. If you liked my post, please reply with your thoughts about Bitcoin vs. Ethereum