market cap is a meaningless number
Its not entirely meaningless. It may not be entirely accurate, buts not stick our heads in the sand.
Every day, ethereum is gaining users, and Bitcoin is losing too many because our network cant scale
and is losing utility.
Meh. Not real users. Rage quitters, traders, hedgers, gamers. They ll come back because of the real scarcity.
The potential higher velocity of ETH is bad for the monetary value. But even this can collapse once ETH scaling is reached as well..
Yeah and they will come back regretting it.
They will have to pay more than what they have sold and could make them rage more.
There will always be new buyers.
Looking back at the chart. Try to browse up. Look how high all altcoin market cap is. That website sure makes a good lie.
What do you expect, Bitcoin losing its MarketCap automatically altcoin will gain it. That is just in an equilibrium. Anyway, I agree that we shouldn't look at the market cap and worries. Even franky1 said is true, they are all estimation, not an actual fund in its market
