Bitcoin being flipped by Ethereum?

wxytrader said:
Bitcoin does not need to do smart contracts or be a currency.
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You're mostly right with what you say, but other previous stores of value were very difficult to use. You can't do much with a US treasury as a store of value since you first have to sell it. And real estate is even that much harder to use. The only reason prices haven't collapsed is because of how illiquid it is.

But now consider that bitcoin as your store of value is just as easy to use as cash, and you open up a whole new world of possibility.

Since the world has never had something like Bitcoin, its difficult to say exactly the impact that bitcoin will have going forward. Just like in the early days of the internet, when all we got was static pages, nobody could have predicted the progress that we now see 20 years later.
 
NoahA said:
You're mostly right with what you say, but other previous stores of value were very difficult to use. You can't do much with a US treasury as a store of value since you first have to sell it. And real estate is even that much harder to use. The only reason prices haven't collapsed is because of how illiquid it is.

But now consider that bitcoin as your store of value is just as easy to use as cash, and you open up a whole new world of possibility.

Since the world has never had something like Bitcoin, its difficult to say exactly the impact that bitcoin will have going forward. Just like in the early days of the internet, when all we got was static pages, nobody could have predicted the progress that we now see 20 years later.
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Illiquidity isn't what stops housing market from crashing... The housing market crashes because there is an abundance of sellers versus buyers.... There doesn't have to be an abundance of sales. Just the numbers will scare people.
 
tradertweets said:
:D LoL.

We'll see soon, what makes more x.

BTC, or some altcoins...
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The smart people figured out long ago that Bitcoin is more digital real estate than a currency or a store of value... and you guys still haven't figured it out. Are you sure trading or investing in this space is for you? :)
 
wxytrader said:
The smart people figured out long ago that Bitcoin is more digital real estate than a currency or a store of value... and you guys still haven't figured it out. Are you sure trading or investing in this space is for you? :)
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I am making money, while you are parking...
 
tradertweets said:
I am making money, while you are parking...
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Well I'm not parking anything but a lemon in MARA right now...:) However parking/hodling Bitcoin will out perform ANY trader...unless you know a trader that returned 13,000% in the last 10 years??? Lol
 
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wxytrader said:
You guys are so clueless. Nobody cares about the tech. The mass care about the brand. Ethereum is used for smart contracts as that's it's only utility. It's not going to be a currency, and its not going to be a store of value.

Bitcoin would have suffered the same fate had it not transitioned into the new de facto world store of value that even countries are using now. Bitcoin does not need to do smart contracts or be a currency.

So many traders so butthurt over Bitcoin being the king.... And this is while we're practically at all-time highs right now LOL.
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Ever heard of the saying


In the Short-Run, the Market Is a Voting Machine, But in the Long-Run, the Market Is a Weighing Machine

Explanation; Each purchase and sale of a security impinges on its perceived value. These transactions are similar to votes which increase or decrease the stock price. Transitory news and emotions may influence the price in the short run; however, in the long run, the stream of earnings or losses of a company cannot be ignored. Clarity regarding the fundamentals of a business emerges over time, and the market begins to properly weigh its value.
In the Short-Run, the Market Is a Voting Machine, But in the Long-Run, the Market Is a Weighing Machine – Quote Investigator®
 
It's not going to be a currency, and its not going to be a store of value.
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So, Ethereum is not going to be a store of value... does that mean it also won't keep paying me my staking dividends each week? :sneaky:
 
wxytrader said:
Illiquidity isn't what stops housing market from crashing... The housing market crashes because there is an abundance of sellers versus buyers.... There doesn't have to be an abundance of sales. Just the numbers will scare people.
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But that's exactly what I am saying. Real estate is eliquid because there are no buyers at the prices that are offered. When the price of Bitcoin is crashing, there are still plenty of buyers that are willing to buy at lower and lower prices and hence why the price can drop. If buyers didn't show up, then prices wouldn't be dropping.
 
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