True or false: Ethereum is a bubble, bitcoin is not

soul-impact

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Quote from: semaforo on June 24, 2017, 12:49:36 PM

I was reading some articles today which pointed towards such a conclusion, just curious what others think about this notion.

Yes, ethereum is a bubble, a big bubble is affecting a lot of other altcoins. However, bitcoin is the biggest bubble, it covers the entire virtual currency market, it affects all the altcoins. Bitcoin is a real bubble.

pooya87

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Quote from: Pente on July 13, 2017, 06:29:05 PM

Quote from: Pente on June 27, 2017, 05:17:50 PM

I am going to make a prediction here, so I can reference it later:

Ethereum will drop to below $10/each before the end of 2018

I also think there is a 50/50 chance that Ethereum will drop below $5/each.

Grin

From a peak of about $400 down to just over $200. Can we say 50% drop so far? At this rate, it will reach my goal of $10 before the end of the year. I will buy one Ethereum at $10 for good luck and an additional Ethereum at every 20% drop from there.

ethereum is one of those alts that you know has something big coming for it (a big dump that is) because of all the ICOs that people were happily participating in for the past few months and were creating the huge bubble, now there is a lot of ether tokens waiting to be dumped on the market. they just have to reach the time when their escrow expires.

Biodom

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What bubbles are you talking about?
Both barely register among stocks (midcap, not even large cap), forget about asset classes the smallest of which (precious metals) is above 8 trillion.
Yahoo alone run to 150 bil market cap in 2000.

New money is about to enter the fray.
Will they try to drop crypto 50-70% before entering?
Perhaps, but it is equally plausible that crypto (btc, eth) will end the year 200-400% higher.

Pente

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Quote from: Pente on June 27, 2017, 05:17:50 PM

I am going to make a prediction here, so I can reference it later:

Ethereum will drop to below $10/each before the end of 2018

I also think there is a 50/50 chance that Ethereum will drop below $5/each.

Grin

From a peak of about $400 down to just over $200. Can we say 50% drop so far? At this rate, it will reach my goal of $10 before the end of the year. I will buy one Ethereum at $10 for good luck and an additional Ethereum at every 20% drop from there.

talkbitcoin

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All I know is that I know nothing.

Quote from: AjithBtc on June 28, 2017, 02:35:46 AM

Quote from: HasHe on June 28, 2017, 02:18:16 AM

Quote from: maokoto on June 24, 2017, 03:02:00 PM

With Bitcoin, when it gets a very high raise and then falls, it usually falls to a value above the starting value. So even if it is inflated, it ends up a little higher. I remember it going from 450- something to 800, then back to 535 for example. Sometimes it does go very low but that requires very bad news.

I do not know much about ethereum... just seems everybody is talking about it lately.

Its true.Even if bitcoin price falls down after its price rise,it would be much higher than its starting price.Since bitcoin has universal users now,its not manipulated by chinese like before.But it is not the case with ethereum.It does not have users universally.Its mostly pumped to reach high price.So it may burst any time.

Yeah, once bitcoin manipulation was under the hands of Chinese miners and the exchanges. This went out of hands just because of the fake price pumping they make to profit. Now things has changed a lot, each and every price move is based on the users participation along with the technology advancing. With ethereum too we cannot say it's entirely a bubble, because even after big pumping it is sustaining without falling to the ground.

it never was under that hands of anyone.
it was all conspiracy theories spread by FUDsters to increase panic and earn bigger profit from the panicky situation.
the fact is when Chinese exchanges were shut down and stayed shut down for a couple of months, bitcoin still continued the same path as before with the same fast rises and fast dumps. and nothing has changed at all. bitcoin is still rising the same way, and falling the same way too.

for example there is no difference between the rise from $500 to $750 and the rise from $2000 to $2900

timerland

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The main difference between these two is that bitcoin has real usage in the real world, merchants accepting it, countries legalizing it, funds offering it as an investment method, whilst EThereum is purely speculative.

you could say that both are speculative bubbles, but bitcoin is more of a healthy rise in price, rather than Ethereum. Of course, when bitcoin does get overpriced, an adjustment will be necessary to bring the price to its normal levels.

Plus, bitcoin rose like only 2-3x from the start of the year, and ETH went from like $30 to $400+. So the extent of the bubble in Ethereum is much larger, and the fact that it nearly exceeded bitcoin is just disgusting.

Yuuto

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Quote from: semaforo on June 24, 2017, 12:49:36 PM

I was reading some articles today which pointed towards such a conclusion, just curious what others think about this notion.

Would you mind linking us to the article that you read?

I would agree to some degree. I believe that bitcoin at $2900 was definitely a bubble, but at $2500 is sort of just the natural variation zone of bitcoin. I mean so many governments have legalized bitcoin as well, so this pump is not unjustified and downright a bubble.

But for Ethereum, what has changed apart from more ICOs using it as a way to get funding? Nothing. And plus, the Bancor ICO nearly crashed the whole system because it's not scalable enough. So yes, i think that Ethereum is definitely in a bubble, bitcoin was in a bubble, but the adjustments already came and price looks healthy.

AjithBtc

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Quote from: HasHe on June 28, 2017, 02:18:16 AM

Quote from: maokoto on June 24, 2017, 03:02:00 PM

With Bitcoin, when it gets a very high raise and then falls, it usually falls to a value above the starting value. So even if it is inflated, it ends up a little higher. I remember it going from 450- something to 800, then back to 535 for example. Sometimes it does go very low but that requires very bad news.

I do not know much about ethereum... just seems everybody is talking about it lately.

Its true.Even if bitcoin price falls down after its price rise,it would be much higher than its starting price.Since bitcoin has universal users now,its not manipulated by chinese like before.But it is not the case with ethereum.It does not have users universally.Its mostly pumped to reach high price.So it may burst any time.

Yeah, once bitcoin manipulation was under the hands of Chinese miners and the exchanges. This went out of hands just because of the fake price pumping they make to profit. Now things has changed a lot, each and every price move is based on the users participation along with the technology advancing. With ethereum too we cannot say it's entirely a bubble, because even after big pumping it is sustaining without falling to the ground.

HasHe

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Quote from: maokoto on June 24, 2017, 03:02:00 PM

With Bitcoin, when it gets a very high raise and then falls, it usually falls to a value above the starting value. So even if it is inflated, it ends up a little higher. I remember it going from 450- something to 800, then back to 535 for example. Sometimes it does go very low but that requires very bad news.

I do not know much about ethereum... just seems everybody is talking about it lately.

Its true.Even if bitcoin price falls down after its price rise,it would be much higher than its starting price.Since bitcoin has universal users now,its not manipulated by chinese like before.But it is not the case with ethereum.It does not have users universally.Its mostly pumped to reach high price.So it may burst any time.

Pente

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I am going to make a prediction here, so I can reference it later:

Ethereum will drop to below $10/each before the end of 2018

I also think there is a 50/50 chance that Ethereum will drop below $5/each.

Grin

Sniper44

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Quote from: mudiko on June 27, 2017, 02:45:17 AM

Ethereum's market capitalization should not be more than half of the Bitcoin. Ethereum project is still pretty new and not proven to work efficient for ICO's. ICO's made Ethereum get more popular and pricey, but time will show, if these ICO's would really prove that Ethereum is a good platform for smart contracts and public offerings.

i say this was a very good experience and it turned out very good too. with ethereum's failure and with its price falling and their fake news fading from the media it opens up room for many other similar projects to come out and start showing their power and how they are much better than ethereum for smart contracts and maybe even those that deserve it and are really good at it become big.

mudiko

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Ethereum's market capitalization should not be more than half of the Bitcoin. Ethereum project is still pretty new and not proven to work efficient for ICO's. ICO's made Ethereum get more popular and pricey, but time will show, if these ICO's would really prove that Ethereum is a good platform for smart contracts and public offerings.

btcney

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Quote from: aesma on June 27, 2017, 02:31:46 AM

In Bitcoin world, 50% might not be that big a bubble, or that big a crash. It has gone so high in so short an amount of time ! Some people are thinking that 2000+ is the new normal, but only a few months ago it was so much lower !

Exactly, people have been calling bitcoin a bubble every since it existed.

But Ethereum, it's only been around for less than half the time that bitcoin has existed, and it's already got over 2/3 of bitcoin's market capitalization? Whilst having extremely bad congestion issues? Am I crazy or what???

Besides, Ethereum Classic in my opinion is definitely undervalued. People don't seem to realise that Ethereum classic was the token that they bought into when they signed up for the ICO.

aesma

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fly or die

In Bitcoin world, 50% might not be that big a bubble, or that big a crash. It has gone so high in so short an amount of time ! Some people are thinking that 2000+ is the new normal, but only a few months ago it was so much lower !

Hyena

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Posted this on reddit:
https://www.reddit.com/r/btc/comments/6jnqso/to_all_you_eth_fanboys_out_there/

Quote from: BTCLovingDude on June 26, 2017, 10:30:20 AM

Quote from: Raja_MBZ on June 26, 2017, 08:34:20 AM

Both are in bubbles, but Ethereum is in big one while bitcoin is in small one. As soon as they'll burst, bitcoin might climb down to $1500 but Ethereum will go all the way downhill to $100.

going down to $1500 is nearly -50% drop from the ATH. so you either say bitcoin is in a huge bubble which needs to burst and go down to $1500 or you say it is in a small bubble and busts to go down to a much higher price like $2000-2100 for example (still -27-30% and big).

which one is it?

BTC bubble hasn't even started. a drop down to 1500 is a much needed correction to establish this as a base price where to consolidate before going after 5k.

BTCLovingDude

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BTC to the moon is inevitable...

Quote from: Raja_MBZ on June 26, 2017, 08:34:20 AM

Both are in bubbles, but Ethereum is in big one while bitcoin is in small one. As soon as they'll burst, bitcoin might climb down to $1500 but Ethereum will go all the way downhill to $100.

going down to $1500 is nearly -50% drop from the ATH. so you either say bitcoin is in a huge bubble which needs to burst and go down to $1500 or you say it is in a small bubble and busts to go down to a much higher price like $2000-2100 for example (still -27-30% and big).

which one is it?

Raja_MBZ

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Both are in bubbles, but Ethereum is in big one while bitcoin is in small one. As soon as they'll burst, bitcoin might climb down to $1500 but Ethereum will go all the way downhill to $100.

Auxi

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Yep, but actual price will be low in a few years

Wind_FURY

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Quote from: BrewMaster on June 25, 2017, 11:37:18 AM

Quote from: Wind_FURY on June 25, 2017, 09:46:19 AM

Quote from: European Central Bank on June 24, 2017, 03:37:11 PM

Quote from: HabBear on June 24, 2017, 03:34:33 PM

Why? How? What's the obvious symptoms of bubble that you're seeing? Or more importantly, why do you think Ethereum isn't worthy of it's current value?

over 40x increase in a handful of months. icos that no one understands selling out in seconds. r/ethtrader filled with thousands of posts a day about buying lambos.

does any of that smell like business as usual?

It smells like it is time to get out and lock the profits. News has it that deposits and withdrawals of some ICO tokens were disabled by the exchanges because Ethereum's backlog is getting too large.

not the ICos but the ethereum itself. they have disabled all the deposits and withdrawals of ETH because ethereum blockchain apparently has so many problems right now and transaction delays are getting very long.

and you will never hear the failures of ethereum on the main board, you just keep hearing the words flippening and big market cap! and all the while price of ether is dropping hard!

That is a bad sign. But those newbies in Ethereum will learn the truth sooner or later and find out they have been decieved by the shills trying to pump the price.

It is time for everyone to realize that Ethereum has not reached the level of Bitcoin's adoption and yet it has worse problems at scaling.

Vika0170

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Quote from: Vishnu.Reang on June 26, 2017, 07:19:35 AM

Quote from: aesma on June 26, 2017, 07:04:33 AM

I see I'm not the only one not bothering with ETH. I wish I had bought some hundreds at 10$ though, and sold at 300$, what a gain that would have been !

That happened with most of the crypto-currencies. If you remember, in 2010, the price of Bitcoin was just around $0.001 per coin (as per the exchange rates from New Liberty Standard, the only Bitcoin exchange of that time). The rates went up to $0.10 per coin later that year and in 2013 BTC attained a peak valuation of $1,230 per coin. The increase was even higher than that with Ether.

It seems to me that every coin has such a period of sharp price growth. And after such a jump, the price grows slowly. But this does not mean that such a coin to buy late. This means that it is suitable for long-term investment

Topic: True or false: Ethereum is a bubble, bitcoin is not (Read 3066 times)