Will Ethereum Be A Better Investment Than Bitcoin In 2018?
By UseTheBitcoin in Cryptocurrency News Home In 2009, Bitcoin was introduced and not many people knew about it. Over time, when people learned about the decentralization from fiat money, they learned they can be more free. No more worrying about your money being frozen from big banks and intermediaries like PayPal. You are your bank now. However, Bitcoin got much bigger than most people thought and it did that very fast. With its increase in price so quickly, it has suffered an increase in transaction fees and also a slowdown in its transaction speed. However, it is still useful. When Ethereum came out, it was looked down upon because the market hadnt matured yet. No one understood much about cryptos beyond the peer to peer transfer. When the difference between Bitcoin and Ethereum was established, that is when we had a surge of the altcoin rush. This caused prices to skyrocket on all altcoins. It seems as if the roles have been reversed and there is more doubt on Bitcoin than anything else. This is why we recommend you hodl Ethereum over Bitcoin. With Bitcoins increase in price, it has been dubbed as gold 2.0 because of its store of value like feature. It is the most expensive cryptocurrency and it actually has the highest market cap. Bitcoin has also been the most resilient. It has the ability to drive the market up or down. If people start taking money out of Bitcoin, expect the whole market to come down. The vice versa also happens. With Bitcoins recently mempool always being full along with the transactions being so expensive, people are looking for other routes. There are upgrades that are expected to fix this but it doesnt seem like it will be here anytime soon. This is called Lightning Networking and it will have an effect on many other cryptocurrencies too. Et Continue reading >>
Is Ethereum More Important Than Bitcoin?
By Adam Hayes, CFA | Updated June 13, 2017 1:57 PM EDT Blockchain technology, the distributed ledger system that underpins the digital currency Bitcoin, is getting a lot of attention from Wall Street lately. With uses ranging from cross-border payments to settlements and clearing of over-the-counter derivatives to streamlining backoffice processes, the potential for disruption in the financial industry and elsewhere is growing more real each day. While bitcoinis the most widely used and well known use case of blockchain, Ethereum may be thekiller app that allows for this disruption to finally take place. The tokennative to the Ethereum blockchain , Ether (ETH), has recently risen to over $10 per ETH, and the market capitalization of all ether is nearly $800 million, making it the second most valuable blockchain behind bitcoin (which represents approximately $6.5 billion of value).What is Ethereum and why is it interesting? Ethereum was developed to augment and improve on bitcoin, expanding its capabilities. Importantly, it was developed to feature prominently smart contracts:decentralized, self-executing agreements coded into the blockchain itself. Ethereum was first proposed by Vitalik Buterin in 2013 and went live with its first beta version in 2015. Its blockchain is built with aturing-complete scripting language that can simultaneously run such smart contracts across all nodes and achieve verifiable consensus without the need for a trusted third party such as a court, judge or legal system.According to its website ,Ethereumcan be used to codify, decentralize, secure and trade just about anything. In late 2014, Ethereum raised over $18 million in bitcoinby way of a crowdsaleto fund its development. The Ethereum Virtual Machine (EVM) is capable of running smart contr Continue reading >>
What's The Next Bitcoin? 5 Cryptocurrencies Which Could Unseat The King
With the bitcoin price flirting around the astonishing $10,000 USD milestone, its starting to look like nothing can stop BTC. Now all of us in the crypto space are starting to wonder: has critical mass finally been reached for mainstream adoption? Is there no turning back now? Yet even with Bitcoins unprecedented dominance, we must always bear in mind that the future is inscrutable. And with the incredible power struggles, and even power shifts, that have been occurring in the cryptocurrency space as of late, its clear that the path forward is still very much unsettled. As it stands right now, of course, theres certainly no reason for fear, uncertainty, or despair. Just look at the bitcoin price now to know that the Bitcoin community, in a certain sense, is stronger than its ever been before. But for the sake of speculative discussion, what if Bitcoin does eventually lose its number #1 position? During a recent interview with the press, Swedish Pirate Party founder Rick Falkvinge suggested that this hypothetical dynamic could materialize over the long-term. Its important to remember that Bitcoin may not be the final cryptocurrency. Cryptocurrency will displace the central bank money. But, with social networks we had SixDegrees, which was replaced by Friendster, which was replaced by Myspace, which was replaced by Facebook. Falkvinge added, So some cryptocurrency is going to be worth a lot of money. Which one, well, thats a gamble. Definitely; trying to surmise which crypto could eventually beat Bitcoin is absolutely a gamble right now. None of us have foresight. What we do have, though, is a few promising crypto projects that could presumably fill in Bitcoins shoes if BTC ever really were to take a seriously shocking tumble or otherwise be supplanted. Today well be wal Continue reading >>
5 Bitcoin Rivals That Are Rapidly On The Rise
5 Bitcoin Rivals That Are Rapidly on the Rise Bitcoin prices peaked at an all-time high of over $11,800 Sunday in one of the most dramatic value surges of any asset in living memory . Todays prevailing digital currency was worth just $12 in 2013 , and has at times been dismissed as an internet fad favored by nefarious wheelers and dealers trying to circumvent taxes or the law. Like it, love it, or confused by it, bitcoin and other cryptocurrencies have become impossible to ignore. Chicagos two main exchanges , the Chicago Mercantile Exchange and the Chicago Board Options Exchange have announced plans to launch bitcoin futures contracts, and the U.S. Commodity Futures Trading Commission has already given them the green light. Nasdaq may be jumping into the bitcoin futures race as early as second quarter next year, Bloomberg reports. Bitcoin advocates are hoping the exchanges can help stabilize the highly volatile currency. Cryptocurrencies provide a digital alternative to government-issued fiat currencies and can be used in online marketplaces to buy everything from a cupcakes to plane tickets to cyber pets . While bitcoin remains both inconveniently slow (transactions can take upwards of 10 minutes) and risky (buyers cannot set a price until the day of the transaction, leading to wide fluctuations), some say its already safer than certain foreign currencies, such as Venezuelas bolvar . Thats because Bitcoin is protected from fraud and counterfeit by technology called blockchain an encrypted ledger system that records transactions accepted by consensus of asset managers. The Atlantics Derek Thompson summarized bitcoin as a frankly terrible currency built on top of a potential transformative technology, one that could have the power to change our conventional understandi Continue reading >>
Ripple, Bitcoin & Ethereum Prices Are Crashing. Here's Why | Money
For the second time in less than three weeks, cryptocurrencies suffered a major correction. The 16 largest cryptocurrencies all saw major price declines over the past 24 hours, according to data from Coinmarketcap.com. Ripple, the third-largest digital currency, saw its price fall as much as 39% at one point. Bitcoin, the granddaddy of the crypto universe, saw its price fall as much as 14% on Monday. And Ethereum, the second-largest cryptocurrency which has gained in p opularity among businesses , dropped 12%, before rebounding somewhat. The question is why? Market watchers say you can point to one of three reasons: Investors are pointing to South Korean regulators as a possible reason for the latest declines. One of the greatest strengths but lurking weaknesses of cryptocurrencies is that they are largely unregulated by governments. This allows people to use them anonymously, which is also why criminals have taken to the online monetary system. But that means any whiff of new government oversight can make investors nervous. Last month, the South Korean government said it would increase its oversight of the digital currency market by banning anonymous crypto accounts and providing measures to shut down exchanges, if needed. And on Monday, South Korean officials inspected six major local banks, reviewing the institutions anti-laundering measures in connection with cryptocurrency trades. This spooked the global markets. We need regulators to look into the space more closely, the Korean exchanges have become crazy in terms of price differences so these regulatory actions would help the price stability, Naeem Aslam, chief market analyst at TF Global Markets told Bloomberg. Because it accounts for 35% of the total crypto market, Bitcoin is by definition the most influential Continue reading >>
-will Ethereum Take Overbitcoin?
Posted on July 11, 2017 by The Crypto Pro's in Live Webinars , The Blockchain , Training and Education // 5 Comments The talk is In the Crypto community across all platforms, forums, meet ups and around the Crypto space is wether Ethereum will take over Bitcoin or not? In this post I will cover this topic and hopefully give you a good vision of what is to come in the Cryptocurrency arena very soon. For those of you who do not know Bitcoin is the media darling right now and everyone Loves Bitcoin, but is there a new Sherrif in town? Bitcoin was an innovation & a technology the world was crying out for as the banking system is in real trouble, it is old, dated and its time for a change Bitcoin started back in 2009 and has created something that will change the world as we know it. Digital currency has evolved beyond anything it ever had been achieved before. The Blockchain technology was born and we will never look back now. This has provided us with a system that is more secure, transparent than anything we have ever seen before. We can now send value anywhere in the world just like sending an email. This is possible all because of the Blockchain technology. Satoshi Nakamoto who was the creator of Bitcoin, we salute you for all you have done and what this will create in the future too. What the internet did for information the Blockchain will do to Money!! Bitcoin has now paved the way for over 850 other Cryptocurrencies that are being designed by Entrepreneurs & Tech geeks who are all trying to create something special in this space. There are so many different concepts and each has its own philosophy and reason for their cause of entering the market place. One of the leading designers is Vitalk Buterin who created the Ethereum platform after being involved with Bitcoi Continue reading >>
Ethereum To Take Over From Bitcoin According To Expert | City & Business | Finance | Express.co.uk
2018 is the year of Ethereum according to an expert Greg Adams, proprietor and managing director at blokt.com, which is a news website that purely covers cryptocurrencies believes Ethereum is the way forward for cryptocurrencyies. Mr Adams said: For the time being, I don't believe that bitcoin is dead. I do believe, however, that we'll begin to see a more significant shift in market dominance from bitcoin to other cryptocurrencies throughout 2018. As people become more educated on the specifics of each currency, they'll move their money to projects with the better tech. I can see projects like Ethereum, EOS and ICON picking up steam this year, at the expense of Bitcoin. Bitcoin has become a bit of a dinosaur in recent years, and its fate could be similar to that of the Sony Walkman. The expert predicts Ethereum will be trading between $2,000 and $3,000 by mid-2018 and between $5,000 and $7,000 by the end of this year. The Ripple effect: XRP signs deal with UAE Exchange Mr Adams said he would be shocked if Ethereum does not take the top spot of cryptocurrencies by the end of 2018. One way in which Mr Adams believes Ethereum will become more attractive is through sharding. A shard is a horizontal partition of data in a database or search engine. Each individual partition is referred to as a shard or database shard. Each shard is held on a separate database server instance, to spread load. At present, according to CoinMarketCap, bitcoin is valued at $8,595 and Ethereum at $843. In order for this prediction to come true, Ethereum must rise as well as bitcoin falling. Also it is worth remembering that at the beginning of this year Ripple overtook Ethereum as second most valuable cryptocurrency. However, Olga Feldmeier, CEO of Smartvalor, a staunch defender of bitcoin, belie Continue reading >>
Will Ethereum Take Over Bitcoin By 2018?
in chainbb-general 2 years ago (edited) Olaf Carlson-Wee, CEO of hedge fund Polychain Capital, says Bitcoin may lose its edge over Ethereum as soon as the end of next year. With the highest market share and price, Bitcoin remains the most popular cryptocurrency today. The aggressive growth of Ethereum, the markets second-most popular cryptocurrency, has led Carlson-Wee to predict in an interview with Bloomburg that it will overtake Bitcoin by the end of 2018. He even speculates that the market cap of Ethereum will surpass that of Bitcoin before the end of this year. He explained: What weve seen in Ethereum is a much richer, organic developer ecosystem develop very, very quickly, which is what has driven Ethereums price growth, which has actually been much more aggressive than Bitcoin. The value of Bitcoin has skyrocketed more than 500% since this time last year. It currently stands at around $2,500 USD, more than ten times the value of ETH. Nevertheless, Ethereum has grown even faster, and is now worth more than 20 times its value just four months ago. Additionally, Ethereum has slowly creeped into Bitcoins market share, which has tumbled to nearly half its 90% stake just four months ago. In that same time frame, it has quadrupled its market share to 30%. Given current trends, it would not be surprising to see Ethereum take the lead within even a few months. Proponents of Ethereum claim it offers numerous advantages, the most important of which is that it acts as a smart contract system. Ethereum allows decentralized apps to be built on its blockchain, creating a synergistic effect that increases its value as more projects are added to it. Each projectbecomes a multiplier on the existing value of our system, resulting in exponential, rather than linear gains, for every Continue reading >>
Move Over, Bitcoin And Ethereum -- Make Way For Ripple
Move Over, Bitcoin and Ethereum -- Make Way for Ripple Bitcoin and Ethereum aren't the only ponies in town when it comes to blockchain technology. Traditionally, the stock market is the greatest creator of long-term wealth. Over time, stocks have returned an average of 7% annually, inclusive of dividend reinvestment and adjusted for inflation. We're talking about the potential to double your invested money about once a decade, which is actually pretty fantastic. But cryptocurrencies like bitcoin and Ethereum have done a bit better than that. Since the year began, the aggregate value of all cryptocurrencies combined has risen from $17.7 billion to $244 billion as of Nov. 21.That's approaching a 1,300% increase in just under 11 months. It would have taken the stock market decades to deliver the sort of returns virtual currencies have yielded in less than a year. Leading the charge have been bitcoin and Ethereum. Bitcoin, which began the year below $967 per coin, is currently valued at $8,265 per coin, a gain of more than 750%. Bitcoin also comprises about 56% of the aggregate cryptocurrency market cap. Meanwhile, Ethereum is trading at $367.15, up from its $7.98 where it began the year. That's just your run-of-the-mill 4,500% year-to-date gain. A number of factors have propelled virtual currencies through the roof in 2017, but most of them lead back to the excitement surrounding their blockchain platforms. Underlying most digital currencies, including bitcoin and Ethereum, are digital and decentralized networks that log transactions without the need for a financial intermediary like a bank. These networks are almost always open source, which makes it practically impossible for logged data to be altered without someone else noticing. This is one of the key features that s Continue reading >>
Bitcoin Vs Ethereum: Driven By Different Purposes
Bitcoin Vs Ethereum: Driven by Different Purposes Ethereum has received a lot of attention since its announcement at the North AmericanBitcoinConference in early 2014 byVitalikButerin. The natural consequence of its rising popularity has been its constant comparison toBitcoin, the first virtual currency. It is important for investors to understandthe similarities and differences between BitcoinandEthereum. Bitcoin, the first virtual currency, was born seven years back. It introduced a novel idea set out in a white paper by the mysterious SatoshiNakamoto:Bitcoinoffers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government issued currencies . There are no physicalBitcoins , only balances associated with public and private keys. Over these years, the acceptance of the concept of a virtual currency has increased among regulators and government bodies.Althoughit isnt a formally recognized medium of payment or store of value, it has managed a niche for itself and continues to coexist in the financial system despite being regularly scrutinized and debated. The attempts to understandBitcoinmoreclosely resulted in the discovery of blockchain , the technology that powers it. Theblockchainis not just the hottest topic in theFinTechworld but also asought after technology in many industries. Ablockchainis a public ledger of all transactions in a given system that have ever been executed. It is constantly growing as completed blocks are added to it. The blocks are added to theblockchainin linear, chronological order through cryptography, ensuring they remain beyond the power of manipulators. Theblockchainthus stands as a tamper-proof record of all transactions on the network, accessible to all Continue reading >>
Bitcoin Price 'to Double' In 2018 So What About Ethereum And Ripple? | Metro News
Price of Bitcoin will easily double in 2018 but what about Ethereum andRipple? Share this article with Facebook Share this article with Twitter Share this article with Google Plus Share this article through email Share this article with Whatsapp Share this article through This chart shows the astronomical rise of Bitcoin over the past year (Chart: Coinbase) Bitcoin shot up in price by more than 1800 percent last year, rocketing from about $1,000 per coin to more than $19,000. But now one expert has said the price could easily double or even triple again in 2018. Policeman poisoned in Salisbury spy attack says life 'will never be the same' Tom Lee, co-founder and head of research at Fundstrat Global Advisors, has a history of accurately predicting Bitcoins behaviour. In August 2017, he said the cryptocurrency would soar above $10,000. In December, it hit a whopping $19,000 per coin before taking a nosedive and losing about 25 percent of its value. Lee said Bitcoin would rocket above $20,000 this year and stay there. This graphic shows the logos of the four major cryptocurrencies: Bitcoin, Litecoin, Ethereum and Ripple If it breaks the $20k barrier, the cryptocurrency could even see a move bigger than that. He told CNBC :As millennials discover and generate income, theyre going to use it as a replacement for gold. I think Bitcoin is still something you should own. Ripple is currently dropping like a stone, plummeting from $2.52 to $1.81 in the past week. Ethereum, on the other hand, has been on the rise. The price of Ripple has taken a clobbering in the last week (Chart: Coindesk) Samuel Miranda, a cryptocurrency expert from Coinlist.me , told us that at least one of these alt-coins would keep on rising. He said: Ripple has dipped because Coin Market Cap, the main websit Continue reading >>
Cryptocurrencies In 2018: What Can We Expect From Bitcoin And Ethereum?
Cryptocurrencies in 2018: what can we expect from Bitcoin and Ethereum? Icelands cheap energy has made it a hot spot for mining digital currencies such as bitcoin One of the hottest topics last year was the rise of cryptocurrencies, a form of digital money that can be stored without using a bank. Tech trends 2018: bitcoin, driverless cars and more The technology has gained popularity in recent years because in most cases cryptocurrencies are untraceable, The Daily Telegraph reports. This allows users to make purchases and investments anonymously. Theres only a finite amount of digital coins available. This has driven the value of some cryptocurrencies to five-figure sums. Here are some of the top virtual currencies of 2017 and how they might fare over the next 12 months: Bitcoin is currently the most valuable cryptocurrency on the market. Current prices for a single coin are priced at around 11,000, according to Coinranking . The cryptocurrency kicked off 2017 with a value of just 800 per coin before reaching its current highs. The coins substantial growth could continue this year, says Inverse, as some experts believe the digital coin could reach six-figure values. Thats because the digital currency is relatively scarce, with only 21 million coins available for people to purchase. But investor Jeremy Grantham says Bitcoin is currently experiencing a financial bubble and could plummet in value before the broad market peaks, reports CNBC . As one of the standout cryptocurrencies of the year so far, according to The Daily Telegraph , Ethereum passed the $1,000 (740) per coin mark in the first week of January. What sets it apart from Bitcoin is that Ethereums value is driven by its fast transaction speeds and hi-tech architecture, says Digital Trends ,while Bitcoins relat Continue reading >>
6 Catalysts That Will Drive Ethereums Priceup
Theres no denying Im a huge fan Ethereum. I see the ether, and the technology behind it, as a company removing the handcuffs from the blockchain which were placed by Bitcoin. Thats not to say that I dislike Bitcoin at all, because I dont, but when I must choose between the two cryptocurrency powerhouses, my choice is Ethereum ten times out of ten. Bitcoin uses their version of the blockchain for the sole purpose of creating a very successful digital currency, and while this has worked very well for them, Ethereum has done that very successfully as well, while creating seemingly infinite opportunities for developers to use their blockchain and create a new platform for many different technologies. The value in Ethereum is clearly being realized by investors in the market. In 2017, the coin rose over 8,500 percent, from $8 to almost $800, but now, just two days into 2018, it is up to over $800 and has reached as much as $900. Ethereum is climbing, and has been climbing, but it is necessary to know why it is climbing to understand why it will be successful this year and in the future. I already covered some in depth reasoning for why I believe Ethereum will find success in my prior post: Ethereum is the Coin to Own in 2018 , but now I will provide a quick and general outline as to why the coin, and most importantly the technology, will find success in 2018. Here are my top six reasons Ethereum will continue claiming the market in2018: Ethereum Provides the most Support to Developers and Will Produce Many Heavily Used Applications. Because Ethereums blockchain allows developers to find many different uses for the technology within their own developments, many new apps were created in 2017 and many more news apps will be created and released in 2018. I already wrote on some Continue reading >>
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's
2017 Was Bitcoin's Year. 2018 Will Be Ethereum's Dec 27, 2017 at 12:45 UTC|UpdatedDec 27, 2017 at 20:58 UTC Jez San is CEO of FunFair Technologies, an ethereum-powered casinoplatform. A vocal supporter and critic of blockchain technologies, San wasalso a pioneer in real-time, 3D games. The following article is an exclusive contribution to CoinDesk's 2017 in Review series. As a long time investor in bitcoin and cryptocurrencies, 2017 has been remarkable. But it's important to remember, this is really just the beginning. Despite the valuations, major protocols remain deficient in delivering value to users. Bitcoin with it'shigh fees and slow transaction times is hardly suitable for payments - spending the same fee whether you buy a coffee or send $100,000 is a joke and thepromise of scaling solutions such as the Lightning Network hasn't been fulfilled. Suffice to say, its new positioning as a store of value is precarious, even if,judging by the huge uptick in bitcoin price, the store of value narrative is winning for now. While there's no shortage of old and new believers to keep the party going, along with plenty of developers working to create better, forked versions of bitcoin, I'm betting my chips on a more flexible alternative. The door is wide open for blockchains that use smart contracts , like ethereum, and I believe their potential market dwarfs that of "store of value" chains. Platforms like ethereum are an operating system for decentralized finance and commerce. Think of bitcoin as DOS and ethereum as Windows or Mac OS. There is nothing wrong with DOS. It came first and was an essential part of the computer's success. Us geeks grew up on DOS, but computers only went mainstream when Windows and Mac OS appeared.DOS is difficult to learn, tricky to program and fe Continue reading >>
Ethereum Price Closes On $400, Can It Take Over Bitcoin Soon?
Ethereum Price Closes on $400, Can it Take Over Bitcoin Soon? A week ago, Ethereums market cap reached 50 percent of bitcoins. On June 12, Ethereum price reached $396, moving closer to bitcoins current market cap of $46 billion. A week ago, Ethereums market cap reached 50 percent of Bitcoins. On June 12, Ethereum price reached $396, moving closer to Bitcoins current market cap of $46 bln. The Flippening is almost here! pic.twitter.com/xr8ZU26qz2 Eli Dourado (@elidourado) June 12, 2017 The cryptocurrency industry, market and community are anticipating the flipenning or the possibility of Ethereum surpassing the market of Bitcoin. It is approximately $10 bln away from reaching the market of Bitcoin. Before speculating on the possibility of Ethereum becoming the most dominant Blockchain network , it is important to consider whether its recent price rally can be justified. Has Ethereum demonstrated commercial success? Are actual users utilizing Ethereum to access decentralized applications? Or is it a completely speculative investment and not-so-smart money flowing into the market? Objectively, Ethereums recent price rally has been mostly speculative. The vast majority of investors in South Korea, the largest Ethereum exchange market, do not have sufficient knowledge of the purpose, structure, technical intricacies and philosophy of the Ethereum network. Most investors cant seem to differentiate Ethereum from Bitcoin when the two Blockchain networks fundamentally oppose each other in many ways. ETH is rising because new users want to "get rich quick with ICO's". They don't care about the ETH price, and they arent holding. All the supply gets locked by the ICO's in the contract. They won't sell because the price is rising. Demand grows, supply is reduced. Ethereums native t Continue reading >>