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Result changes according to your perspective, if you are talking about Technology behind, Ethereum with no doubt, but if you are talking about brand image, popularity, definitely BTC, currently we are at stage that people just started to realise the tech behind coins and coins started to gain popularity by their properties as well as brand. In long run I believe ETH might get more credit.
Panic sell is big loss for the ones who own lots of bitcoin or other currency, it's much logical to sell little by little with sell walls. Instead of dumping the market and selling half of the coins for half price, also crashing the market..
No one knows the real answer, we can't really say that the bitcoin is a bubble and it will burst soon, will have no value, Bitcoin is definitely here to stay, and I'm sure with this level of demand people will never let it fall below 7-8k $. Also it's not correct to compare it with other bubbles with different characteristics, because this time it's not only bitcoin, it's like a new ecosystem , crypto currency market, so everyday new money is coming in and market cap is growing and when bitcoin price starts to go down people jump on other coins so instead of one asset crashing like Tulip, there are many other side assets as parking slot. Okay we can say that whole market can crash together like .com bubble but I still can't really compare crypto to .com bubble as there were companies and profit expectations, which people really over value at that time and then find out most of them make no profit, meaningless investment.. So with Bitcoin there is no company, no owner, no one to look up or blame, we don't expect any annual return or growth, it's just a currency/commodity with a limited supply and high demand. It might be overvalued in last couple of weeks, it might correct.. but I don't think it will ever crash to zero or close..
Nope it's not, Bcash already got too much bad reputation, it's centralised.. There is a company behind, so I'm not sure if majority of people will ever switch to Bcash from Btc.
Re: Honestly, did anyone see the near 200% growth in Litecoin coming
I kinda feel it, Coinbase was growing fast in USA/Canada and people only have 3 choices over there; BTC, ETH, LTC.. As BTC's price is already too high to own one, people tend to buy Litecoin and expect the same growth as BTC, so far it's doing well but it's still really risky coin, I'm expecting a correction.
There was actually a reason behind it that had to do with how bytes are divided or something like that, or maybe with the gold supply... I remember reading some theory about it, so it was not fully arbitrary, there was some thought put into it.
It's similar to the 1MB blocksize, it is what it is, but there is also thought put behind the number. Satoshi didn't simply roll a dice and choose these numbers.
It's similar to the 1MB blocksize, it is what it is, but there is also thought put behind the number. Satoshi didn't simply roll a dice and choose these numbers.
It's detailed here - https://bitcoinmagazine.com/articles/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet-1382996984/
Quite stunning how much thought went into every possible aspect. That's why I think it was a group that did. A bunch of heads finds many more potential holes than one.
Thanks for sharing! I Will definitely check that out. Indeed, it's really hard to believe all this was done by a person..
I've read many of Satoshi's previous posts and writings, it's mind blowing how Satoshi was expecting bitcoin to come this far and he was prepared for it. Even in one of his posts he says he placed 8 decimals for upcoming decades... I've looked but couldn't find any info about what made him choose 21,000,000 as number of supply? Is there any logic/reason behind choosing that number? would love to know!
It seems to be just an arbitrary choice. He could have set any limit. I don't remember it being mentioned by anyone that he posted any reasons for it. It's just what he decided on, for reasons only he knows.
Personally I would have like it to be 42M.
Haha yeah, thanks! I guess he just choose it.. I was thinking someone that smart has a reason to choose that number. In one of his posts he was talking about world population and bitcoin supply.. I think he wanted to create scarcity, clearly 21m is not enough for over 6 billion people
I've read many of Satoshi's previous posts and writings, it's mind blowing how Satoshi was expecting bitcoin to come this far and he was prepared for it. Even in one of his posts he says he placed 8 decimals for upcoming decades... I've looked but couldn't find any info about what made him choose 21,000,000 as number of supply? Is there any logic/reason behind choosing that number? would love to know!
If you consider popularity Ethereum would be the second one but I also give chance to Monero, because of the anonymity, no one wants show their bank account publicly to whoever they make payment or transfer..
Bittrex, Bitfinex or Ether Delta might be good ones to look for altcoins but your can always check which market are they trading from Coinmarkecap, Market's section, always follow the one with high volume.
Re: Steam is no longer supporting Bitcoin due to high fees
Another example of bitcoin failing as a real world currency, this also happened with some other businesses in the past, currently it's too volatile, slow and has high fees, this is the reason why it's been perceived as commodity other than currency lately, time will show where btc will be placed in that crypto world, but it already has some good rivals with lightning fast transactions and much lower fees..