Can someone educate me the deep interest with Ether? I understand that it has an infinite supply but the supply is controlled based on rising difficulty. One advantage of Ether is its use for smart contracts, and usage ensures demand which could cause prices to rise.
But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
Infinite supply is better than finite supply, that is why many alts (like DOGE) are going for that. The price doesn't have much to do with it. Price is based on the speculation that the technology (smart contracts, blockchain, etc.) is worth x.
Bitcoin and Ethereum aren't competitors. They are made to do altogether different things. If Bitcoin goes down soon, Eth would most probably go down with it.
Prices doesn't works on theory here. Just on what some whales think...
Hoarding generally and theoretically limits supply without compromising on demand and causes prices to rise.
Disclosure: I hold Bitcoin, Ethereum and a little Lisk.
