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Why Ethereum is outpacing Bitcoin

venturebeat.com

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Re: Why Ethereum is outpacing Bitcoin

#21

Post by res0nat0r »

gfodor wrote: post #18
dpc_pw wrote: post #9

The whole reason why Ethereum is "outpacing" Bitcoin is easiness of taking money from clueless "investors" that feel like they missed the boat on becoming rich through Bitcoin. https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-80... It's going to be a big mess, one this bubble pops.

People have been expecting the crypto bubble to pop for almost a decade now, but prices continue to rise. At some point you have to admit that this isn't tulip bulbs.

Sounds like the argument folks were trying to make about the housing market, and we know how that turned out.

Re: Why Ethereum is outpacing Bitcoin

#22

Post by pazimzadeh »

Between this and Fred Wilson's recent comments, it's pretty neat seeing a meme take shape right before our eyes.

I'm not saying this article is wrong, but that it offers little substance.

My pet theory is that Ethereum will transiently surpass Bitcoin in market cap in the next weeks, triggering a 5x surge in Bitcoin's price. Ethereum will then follow, and what happens next is anyone's guess. Why do I think that? Uh..heuristics.

Re: Why Ethereum is outpacing Bitcoin

#23

Post by [deleted] »

dpc_pw wrote: post #9

The whole reason why Ethereum is "outpacing" Bitcoin is easiness of taking money from clueless "investors" that feel like they missed the boat on becoming rich through Bitcoin. https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-80... It's going to be a big mess, one this bubble pops.

[deleted]

Re: Why Ethereum is outpacing Bitcoin

#25

Post by mtgx »

JohnJamesRambo wrote: post #19
pdog wrote: post #17

It's pretty clear what's happening. Ethereum (ETH) is rising because people are buying into initial coin offerings (ICOs). They aren't holding ETH, so they don't care about the price of ETH rising in terms of Bitcoin (BTC) or dollars. The ICOs are the significant holders of ETH. They haven't sold their ETH because 1) the price of ETH is still rising rapidly, 2) they don't yet need to access the funds for development,…

I don't think that is true at all. Most people can't even get in on the ICOs.

It's not about "most people," it's about "most cash."

The "whales" are buying ICOs left and right, and dumping their Bitcoin/other altcoins. That's the main reason for ETH's rise.

Eventually some of these ICOs will prove to be scams, or will get hacked with catastrophic results, and ETH's price will fall again. It doesn't necessarily mean it won't rise back-up again, but by then we'll just have to see if ETH is still a top 2 coin to get.

Re: Why Ethereum is outpacing Bitcoin

#26

Post by colecut »

JohnJamesRambo wrote: post #19
pdog wrote: post #17

It's pretty clear what's happening. Ethereum (ETH) is rising because people are buying into initial coin offerings (ICOs). They aren't holding ETH, so they don't care about the price of ETH rising in terms of Bitcoin (BTC) or dollars. The ICOs are the significant holders of ETH. They haven't sold their ETH because 1) the price of ETH is still rising rapidly, 2) they don't yet need to access the funds for development,…

I don't think that is true at all. Most people can't even get in on the ICOs.

That's because they sell out so quickly. ICOs can earn tens of millions in seconds.

This seems like a plausible theory to me.

Re: Why Ethereum is outpacing Bitcoin

#27

Post by aaron-lebo »

pazimzadeh wrote: post #22

Between this and Fred Wilson's recent comments, it's pretty neat seeing a meme take shape right before our eyes. I'm not saying this article is wrong, but that it offers little substance. My pet theory is that Ethereum will transiently surpass Bitcoin in market cap in the next weeks, triggering a 5x surge in Bitcoin's price. Ethereum will then follow, and what happens next is anyone's guess. Why do I think that? Uh..…

Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested?

If those dapps are so great, why isn't there a single one that regular people are using today?

Re: Why Ethereum is outpacing Bitcoin

#28

Post by stale2002 »

dpc_pw wrote: post #9

The whole reason why Ethereum is "outpacing" Bitcoin is easiness of taking money from clueless "investors" that feel like they missed the boat on becoming rich through Bitcoin. https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-80... It's going to be a big mess, one this bubble pops.

Just because the bubble is going to pop, doesn't mean that it will pop to 0.

If bitcoin prices crashed to 1000$, everyone would call THAT a "pop", but it would still leave anyone who bought in a year ago ahead on their investment.

Re: Why Ethereum is outpacing Bitcoin

#29

Post by headcanon »

qeternity wrote: post #24

Why Ethereum's price is outpacing Bitcoin - FTFY The pace of adoption leaves much to be desired. And if you think bitcoin is hard for the layperson to understand, ethereum is a whole other can of worms.

Ethereum's adoption has already surpassed Bitcoin's with several metrics: number of transactions, trading volume, mining reward, and number of nodes. ETH also has ~80% of BTC's market cap.

True, it does not have the name recognition that Bitcoin has, but its not just a price bubble that is driving this.

This site has real time updates as to the status of the "flippening": http://www.flippening.watch/

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