Topic: Why Bitcoin is so resilient (while ETH is not)? (Read 129 times)
Bitcoin was the first cryptocurrency to ever exist and that means a lot, giving a lot of confidence to it's investors, while ethereum is more of a recent project that groups up with a huge wave of other projects too substracting exclusivity to it.
Because it's the future of money and they don't even know what's with the ETHEUREM. Bitcoin dominance is way too high at the moment. I hope bitcoin will pump once again this year.
bitcoin is a decentralized crypto coin, which is very popular all over the world! its price will depend on the news. at this price any company that wants to sell its collected tokens on the exchange can bring down the price!
I know lots of ICO are not so successful and that affect the price of ETH but Bitcoin is slow among other disadvantages.
Then why ETH drops so low but Bitcoin can stay such strong recently?
Then why ETH drops so low but Bitcoin can stay such strong recently?
Given that most ico use eth and then people sell them for btc. altcoins low price is just another disadvantage for eth but that's not the only thing.
Bitcoin has more liquidity. Bitcoin is in more places and has more people buying. Bitcoin is the most test full and resisted currency. And every coin has as pair BTC.
Bitcoin did dropped too. Eth also dropped. But, bitcoin is much resilient than eth because of the price, the dropped of bitcoin is way too high than the dropped of eth. Bitcoin = 15k drop. ETH= 1.1k dropped. Based on ATH.
Bitcoin can be said to be the core of all altcoins and the price for now is quite stable. Crypto fall was mainly due to large tests of Ether, Ethereum tokens which are the second largest cryptocurrency based on volume, were at a downward turn with little sign of change
BTC is like USD in the real world. If something happened everybody goes there) Eth is under pressure of a huge quantity of ICO's that owns eth but have to sell to pay salary/rent. BTC has the greatest loyal community, and this already a brand for all other the world for all new people in crypto. First you are reading about when you are reading about crypto is BTC.
I know lots of ICO are not so successful and that affect the price of ETH but Bitcoin is slow among other disadvantages.
Then why ETH drops so low but Bitcoin can stay such strong recently?
Then why ETH drops so low but Bitcoin can stay such strong recently?
Because its just another alt coin. And just like thousands of them, they are very prone to manipulation, pump-and-dump scheme. Although ETH is used widely for ICO projects and has smart contracts and lots of advantages on Bitcoin, it lags one important thing, support of the community. Bitcoin has been universally considered the best crypto coins specially as investment platform so its really hard for the price to really go down as hard as what we are seeing on ETH right now.
I know lots of ICO are not so successful and that affect the price of ETH but Bitcoin is slow among other disadvantages.
Then why ETH drops so low but Bitcoin can stay such strong recently?
It caused by ETH gets the more pressure from a lot of icos that liquidate all of their money to the market and then it has been creating such a panic sell because they are dumping it directly to get the fast bucks. That's why ethereum gets more pressure than bitcoin. It much better to see more ico accepted bitcoin. Then why ETH drops so low but Bitcoin can stay such strong recently?
I know lots of ICO are not so successful and that affect the price of ETH but Bitcoin is slow among other disadvantages.
Then why ETH drops so low but Bitcoin can stay such strong recently?
On the BTC, not everything is very much displayed because of its large capitalization and its application everywhere. Then why ETH drops so low but Bitcoin can stay such strong recently?
I think bitcoin is also like 70-80% below the previous high price so we cannot say that btc is not that low, i think both infact all the crypto market has been hit very badly by the bears i hope we will soon get rid of them.
because you were being told that bitcoin is slow and has disadvantages, you never came up to this conclusion yourself. in other words you are a "parrot". bitcoin is neither slow nor has the disadvantages that you hear.
now to answer your question, bitcoin is strong because it is useful. bitcoin as the only decentralized currency with high security has a lot of utilities.
at the same time ETH has no usage whatsoever. it so far has only been used to create useless ICOs and their hype partly pumped ether's price and as that hype wears away, ether price also drops hard.
that is demand. considering supplies bitcoin has a limited supply that is capped at 21 million and so far a little more than 17 million of it is in circulation.
ethereum on the other hand has no cap and there is unlimited supply of it possible. and currently more than 100 million of it is in circulation. that is another reason for its long term price decline.
now to answer your question, bitcoin is strong because it is useful. bitcoin as the only decentralized currency with high security has a lot of utilities.
at the same time ETH has no usage whatsoever. it so far has only been used to create useless ICOs and their hype partly pumped ether's price and as that hype wears away, ether price also drops hard.
that is demand. considering supplies bitcoin has a limited supply that is capped at 21 million and so far a little more than 17 million of it is in circulation.
ethereum on the other hand has no cap and there is unlimited supply of it possible. and currently more than 100 million of it is in circulation. that is another reason for its long term price decline.
I know lots of ICO are not so successful and that affect the price of ETH but Bitcoin is slow among other disadvantages.
Then why ETH drops so low but Bitcoin can stay such strong recently?
Then why ETH drops so low but Bitcoin can stay such strong recently?
Bitcoin has a lot of advantages too, the main one being that it's the most widely accepted, most widely traded cryptocurrency.
And you are missing a disadvantage of Ehereum: Ethereum is an altcoin. That means [1] if people want to sell, most probably will sell for Bitcoin then sell the Bitcoin, giving some more satoshi to Bitcoin economy, which, bit by bit, do count; and [2] traders know that altcoins are higher risk investments than Bitcoin and they liquidate more altcoin positions than the Bitcoin ones.
I know lots of ICO are not so successful and that affect the price of ETH but Bitcoin is slow among other disadvantages.
Then why ETH drops so low but Bitcoin can stay such strong recently?
Then why ETH drops so low but Bitcoin can stay such strong recently?
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