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RE: Ethereum’s Trading Volumes Fall To Its Lowest Level In Months

in #ethereum7 years ago

I agree, but I wouldn't expect Ethereum to plummet in the long term or even the mid term just because of that. The diverse uses of Ethereum beyond just store of value and money transfer are so immensely greater than Bitcoin.

I think Bitcoin has got the spotlight now mainly because most people in the world are only now beginning to figure out what the hell Bitcoin is. Many people own it and still don't know what it is. Only a handful of people have ever even heard about Ethereum, and even less people understand it, but I think it's got much greater potential in general. Bitcoin still has major potential, but is facing a lot of problems and isn't all that useful as a method of payment compared to other cryptos because of the slowness of the network and high fees. Unless it can solve its huge fees and scaling issues, I think Bitcoin will be little more than a store of value for most people who hold a lot, and little more than a payment system to move money around internationally for those who need to get money across borders fast.

The number of ICOs that are launching on the Ethereum network these days is just staggering:

https://www.tokendata.io/upcoming

If Ethereum does go down a lot, I think it will be a fantastic buy opportunity!

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