Re: Sooo...which one of you is selling BTC to buy ETH?
About bitcoin. Several months ago i thought about investing into BTC. You know, i wanted to hold it for a few years then dump after the halving. Sounded kinda ok-ish. But now, the risk/profit is so great there is no way i would do that. Ethereum now represents 25% of btc's cap. Ethereum has the market cap of btc in 2015.
r/btc's mod, singularity87 said that if BTC drops 2x and ETH goes up 2x, then ethereum will be worth more than bitcoin, and he is correct.
Proof: https://www.reddit.com/r/btc/comments/617vqk/btc_dominance_below_70_for_the_first_time_at_697/
You are right, fiat is always safer. But fiat doesn't have 200% increase potential in the next 3 months like ethereum does. Raiden will make it into the first scalable project, ever. And 400% increase potential if people dump BTC for ETh in the panic that will follow.
After the dust settles..bby, are you for real ? If ETH reach 50-70% of BTC value untill then it will be game over for BTC. It will lose it's magic, people won't see it as The Blockchain anymore because the reality already started to kick in. After this civil war started many already started to question their faith in bitcoin and looked for alternative. You are underestimating the huge number of BTC bagholders that have no ideea how bad bitcoin currently is, technical wise.
There's are shitloads of btc holders everywhere that think exactly like this: But i don't understand why ether is worth billions, it can't be used to buy anything. Bitcoin is a store of value. This is the reality, most people are the average joes that don't research. You don't have to be programmer to research and learn these things.
EDIT: Apparently segwitt is bugged aswell https://twitter.com/digitsu/status/845119600907866113
r/btc's mod, singularity87 said that if BTC drops 2x and ETH goes up 2x, then ethereum will be worth more than bitcoin, and he is correct.
Proof: https://www.reddit.com/r/btc/comments/617vqk/btc_dominance_below_70_for_the_first_time_at_697/
confidence...?
to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.
to be honest, Im starting to consider fiat safer than cryptos for now, due to btc forking possibility. So im reducing bitcoins holding in favor of dollars - of course, I will buy them back at some point later - after the dust settles and winners are clear.
You are right, fiat is always safer. But fiat doesn't have 200% increase potential in the next 3 months like ethereum does. Raiden will make it into the first scalable project, ever. And 400% increase potential if people dump BTC for ETh in the panic that will follow.
After the dust settles..bby, are you for real ? If ETH reach 50-70% of BTC value untill then it will be game over for BTC. It will lose it's magic, people won't see it as The Blockchain anymore because the reality already started to kick in. After this civil war started many already started to question their faith in bitcoin and looked for alternative. You are underestimating the huge number of BTC bagholders that have no ideea how bad bitcoin currently is, technical wise.
There's are shitloads of btc holders everywhere that think exactly like this: But i don't understand why ether is worth billions, it can't be used to buy anything. Bitcoin is a store of value. This is the reality, most people are the average joes that don't research. You don't have to be programmer to research and learn these things.
EDIT: Apparently segwitt is bugged aswell https://twitter.com/digitsu/status/845119600907866113
Maybe you are all right with ETH having big potential, but I am still wary of its quick ascend. As you say, it took very long time and many setbacks for bitcoin to reach $4.5 bio market cap. How can we know how much volume of those ETH buying transactions are real people running away/diversifying from BTC, and what part is just some whales' bots having algorithms synchronized with bitcoin movements pushing price up when BTC drops? there may be hundreds of millions dollars investments behind the price, but how much of it is coming from small investors?
1 coin value is actually not that important, when it comes to using them for real payments transactions. What matters is how many people can use it, and thats where ETH will lag behind probably for very long time. +There is another one small thing to consider and its the name itself. Bitcoin is like top brand in crypto world, and in some languages ethereum might not sound as cool and easy to pronounce as bitcoin.
I just cant close my eyes and buy into this, when 50+% correction or dump can be around the corner. Or it can go to 100-200 as some people say and surpass market cap of bitcoin. Well, but i have to admit, that I had also missed huge opportunity years ago, and didnt invest big into bitcoin when it was around $10. so...
