Ninjastic
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Board Altcoin Discussion
Re: I think ethereum is the best crypto next to bitcoin.
by
JimmMull
on 02/02/2021, 15:07:30 UTC
Quote from: hvy on Today at 04:14:47 AM
Quote from: JimmMull on February 01, 2021, 03:19:48 PM
The funny thing is there's a competition going on between Ethereum and Bitcoin, but most of the time people consider ETH and BTC the coke and the pepsi of crypto. Yes, they are No. 1 and No. 2 in terms of total market cap and public notoriety. But when you dive into the details, you’ll find that these 2 concepts actually serve completely different purposes. It might actually be more accurate to make a Coke versus apple juice comparison when talking about these 2 seminal platforms.

But let's make it clear to some,

* Bitcoin is a cryptocurrency; Ethereum is a platform.
* Transactions are much faster on the Ethereum network than on Bitcoin’s.
* Ethereum was created as a complement to Bitcoin but ended up as competition.

It is essential to understand that Bitcoin and Ethereum are fundamentally different ideas. Bitcoin is a store of value. Ethereum is a decentralized platform to program other decentralized ideas.


The two of them also have a very big difference in the marketcap! bitcoin is 6x higher than what Ethereum has which imo cant even be called a competition. IMO, its not that its on a competition, both of it is like husband and wife in the market lol. Bitcoin has a lower coin supply and is more liquid than Ethereum but I can say Ethereum has its better technology which even BTC does use.



Yeah, that is right. Also bitcoin still got the highest attention from large investors like The Winklevoss twins. While the SEC may not be wild about BTC, institutional investors have increasingly warmed to the idea, and in recent years the ability to trade Bitcoin futures contracts has helped formally induct the crypto as a widely accepted asset in the investing community.

Ethereum on the other hand, got a different goal from bitcoin. The growth of decentralized finance, or DeFi, is another extremely bullish catalyst for this platform. The concept is that traditional financial intermediaries like brokerages and exchanges are eliminated; this idea has enjoyed newfound mainstream relevance in recent weeks as some brokerages like Robinhood prohibited investors from buying stocks like GameStop (GME) and AMC Entertainment (AMC), among others.

If you'll ask me which is better to buy, I'd say this: It's not 2009 anymore both currencies have sprinted past the proof-of-concept phase; it's now time for investors who haven't considered this asset class in the past to start taking both BTC and ETH seriously.