RE: Will ETHEREUM replace the BITCOIN? ANSWER IS SHOCKING !
Dear sighanchi
...keep in mind that more than 90% of ETH is/was bought in the last weeks, was bought by other cryptocurrencies that create their coins on the Ethereum platform - not by people that invest/speculate.
I don't know if Ethereum wanted or aimed to become a platform to built on top of it's technology all those other Alt-coins but it has hgappened.
look, for example today, what is happening to all the coins including ETH when the Bitcoin crashes 15% - all the market is crashing with it - ETH does not have the same effect on the market.
also if you go to the internet and check what can you buy with ETH (without transforming it to Fiat currency or bitcoins) ...very little.
We would need years to see if ETH will become more dominant then BTC ...few weeks of up trend does not mean nothing
So u mean to say that all other cryptocurrencies are dependent on BTC.
exactly ...today it is more evident than ever
Bitcoin is the gateway of all the other alt coins to the real world
BTW Altcoins are alternative coins
alternative to what? -- to bitcoin
Thats right all other crypto depends on the BTC and it can be clearly seen today, cause as BTC falls down so is the other crypto.
I have instinctively felt an ethereum shift coming. Especially now that Russia (and putin) are considering having Ethereum as a nationally accepted digital Currency. Good posts bro. Keep up the good work.
Cheers!