ETH vs BTC part 6
16 Days now since I started posting "ETH vs BTC"
On my first post people laughed saying that's impossible:
https://steemit.com/bitcoin/@altcoins101/etherium-vs-btc
" come on, are you crazy? a just arrived at 100$ coin to get the first place from the 2000$+ BTC?"
Well......YES.
BTC Dominance: 40.6% Market Cap: $45,117,799,487
ETH Dominance: 32.08% Market Cap: $35,654,510,670
I am just waiting for that moment when all the money, all the long term savings, are going to move from BTC to ETH.
Some will wait until they see "first place" for eth on marketcap....some will move early and get a better rate...because when this starts ETH will go up like crazy and BTC will go down.
Don't take my word for it, it's just an opinion and what I believe . Buy and sell at your own risk.
But that is the moment ETH will go to the moon. When it will take 1st place on coinmarketcap.com . That's when all the money staying in BTC will move to ETH.
Is there anything better to buy than ETH? I have to say: YES .
To put it in a simple phrase: "if you believe that a coin will "go to the moon" what would you buy: the coin or shares on the bank that owns it?" , And who is that bank here? MINERS. Buy mining power, buy hashrate or mining equipment.
I had my reasons to buy hashrate, and I will tell you a few. But mining equipment works as well if you find it to be more profitable.
Reasons to buy ETH hashrate:
- 1 ETH mining is ASIC resistant, for every mining process it needs 3-4GB of video ram. Is important because asics evolve fast, and a new better asic will lower the price on the hashrate you buy now.
- 2 far better then asic resistance, the DAG file that has to be uploaded in video ram to mine increases making the same equipment to drop in hashrate. a 7970 video card had 25 Megahash a year ago, now has 12. If you buy equipment the hashrate will be half in a year. If you buy hashpower it will stay the same ( in megahash).
- 3 if "bad luck" strikes and by misfortune somehow ETH price drops, I still get about 70% of my money, as when coin price drops also the difficulty drops and you mine more with the same megahash. For this see ETH and ETC. Same coin, same algorithm, yet ETC 20$ and ETH 380$. With the same hashpower look :
ETH:
ETC:
If you want to check yourself, the results are from:
https://www.cryptocompare.com/mining/calculator/etc?HashingPower=100&HashingUnit=MH%2Fs&PowerConsumption=0&CostPerkWh=0
And PLEASE!!!! don't give me comments like "genesis mining is a scam" without proof. I get payouts every day from them for a long time now. I mean, you can comment, but please also respond and show me proof, I want to see at least one person that did not get his money for the hashrate.
On the other hand, if you make a bad buy, and for example --in my opinion-- buy BTC hashrate that decreases very much in value over time because of the new asics....and the 1TB hashrate you bought gives you less btc after one month, like it gives less BTC for everybody mining with 1TB hashpower all over the world....well....this is not scam and not genesis mining fault.
- I will upvote COMMENTS with valid ideas, even if contrary to my ideas!!!!
- I believe good strong points of view are born in a debate!!!!!!
- And a debate requires different, opposing points of view!!!!!
- By following you get news and also every day I share what I buy with my genesys payout, what I consider "best offer" at the time
- You can support this channel by voting , following, and also by using my genesis mining code if you purchase hashrate.
- You also get 3% PRICE DISCOUNT when purchasing hashrate from https://www.genesis-mining.com/a/866505 by using the promo code : 3GBXSk
You should not only look at prices but also what these networks are about. Personally, I dont care if ETH surpasses Bitcoin in price per token. To me, that is more a sign of appetite for ETH instead of Bitcoin losing.
Took a good look and while ETH seems ok, BTC has a few problems. One of them is slow and big transaction fees. And if it tries to solve it with Segwit that may result in more problems, like miners not wanting segwit because of the smaller fee and generating a hardfork or miners leaving. And also I have to disagree with the "apetite for ETH", on the contrary, a lot of people sell pleased with the profit of buying eth at 10$ 4 month ago, others are not buying being hard to buy when you just sold a few month ago with 10-20 even 50$.