Re: Bitcoin may not be number one for long

Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.

yes you right ethereum cannot take palce from bitcoin. Because bitcaoin have more value than ethrium and bitcoin are adopt by many countries as a trancastion that i thing bitcoin is already number one currencey

Ethereum's market cap is inflated, unlike that of Bitcoin. Only a small percentage of Ethereum is in free-float form, and the rest is being kept in cold storage by Vitalik Buterin and the other developers. Although the demand is not as high as that with Bitcoin, the prices are rising due to the limited availability of the Ethereum tokens.

What do you mean the demand isn't as high as bitcoin's? What variables are you looking at to determine that observation? Their 24 hr volumes are virtually identical....their supplies are different, granted, but their demands are congruent in terms of dollars, right?

#   Name     Market Cap Price      Circulating Supply     Volume(24h)     % Change(24h)
1   Bitcoin Bitcoin     $44,396,080,344     $2706.22     16,405,200 BTC     $1,301,000,000   -0.29%
2   Ethereum Ethereum   $31,272,686,221     $337.34     92,704,309 ETH     $1,263,700,000    1.31%

Source: https://coinmarketcap.com/

I don't know how much we can get out of that

It is not even clear how and where they get these numbers. For example, Litecoin is priced at over 47 dollars per coin at coinmarketcap (which is more than 50 times less than the current price of Bitcoin, for a moment) while its 24 hour volume is 475 million dollars, i.e. under three times less than either Bitcoin or Ethereum. As to me, there is something very fishy about these stats. More specifically, to get that high volume Litecoin with its price that small should be traded (475/1273)×(2704.76/47.37) =>21 times more than Bitcoin in US dollars, i.e. for each 1 dollar of bitcoins traded (either bought or sold) there should be 21 over dollars of litecoins traded. This is bullshit

The litecoin market is brutal....it trades much faster and much more fluid than bitcoin. In fact, if you're not an expert cryptocurrency daytrader, my advice is to stay away from the litecoin market....it swings, it swings in big chunks, and it swings fast!

I'm trading Litecoin specifically

That's why I find this data very suspicious. Just in case, I'm at Bitfinex, and while I certainly agree that the price swings might be "brutal" (or even fatal to some), they in fact confirm that there simply cannot be so much liquidity to provide that volume (and you can't gather hundreds of millions of daily volume with small trades). Liquidity always works against volatility (and vice versa). I don't really know how much Bitfinex "weighs" in terms of Litecoin volume (compared to other exchanges), but it is the largest Bitcoin exchange out there, so in respect to Litecoin it shouldn't be very far either. Strictly speaking, I can't even say that Litecoin is somehow a lot more fluid than Bitcoin, though the market is definitely thinner

Well....Poloniex has a daily litecoin volume around 5 times as large as bitfinex and OKCoin's daily litecoin volume is around 20 times larger....there are other's in the top 10 also....Some exchanges favor different coins. Poloniex is a much larger exchange in terms of BTC volume compared to Bitfinex, yet OKCoin, which has a smaller BTC volume then Bitfinex, has the largest litecoin volume of them all, by far.

Source: https://coinmarketcap.com/currencies/litecoin/#markets and https://coinmarketcap.com/currencies/bitcoin/#markets