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Author Topic: Is ethereum is better cryptocurrency than bitcoin???  (Read 106895 times)

Offline therozaq

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #360 on: March 24, 2024, 05:41:49 PM »

Whales have a very large amount of money and once they make a move they will have an influence on market conditions, and they make a lot of profit quickly, so it is natural that whales never think about fairly high transaction costs.

High gas costs will not affect those who invest large amounts, because to them the gas costs feel cheap. Unlike us, small investors will always be disadvantaged by high gas fees. Even though the gas fee is high, ethereum is still very popular.
This is one of the reasons why I still like Ethereum because, as you have said before, investors don't care about expensive transaction fees because I believe the profits obtained from these investors are greater than the gas costs incurred.

You are right that those who invest large amounts in ethereum will not care about the high gas fee, because the profits are much higher than the gas fee. But the ethereum team should also think about small investors for the sustainability of the project rather than switching to other coins with cheaper gas fees and faster transactions.
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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #360 on: March 24, 2024, 05:41:49 PM »

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Offline UNIVERSE

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #361 on: March 24, 2024, 11:47:01 PM »
You are right that those who invest large amounts in ethereum will not care about the high gas fee, because the profits are much higher than the gas fee. But the ethereum team should also think about small investors for the sustainability of the project rather than switching to other coins with cheaper gas fees and faster transactions.
Actually, spending gas fee for coin transfer has indeed become something they have to face. Because after all we cannot avoid the gas fee. Whatever the risks, when it comes to prices, they will probably have reservations about the fees that have to be paid even just to transfer a small amount of ETH. However, unfortunately nowadays it is rare for us to encounter something that is truly disturbing.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #362 on: March 25, 2024, 04:17:13 PM »
You are right that those who invest large amounts in ethereum will not care about the high gas fee, because the profits are much higher than the gas fee. But the ethereum team should also think about small investors for the sustainability of the project rather than switching to other coins with cheaper gas fees and faster transactions.
Actually, spending gas fee for coin transfer has indeed become something they have to face. Because after all we cannot avoid the gas fee. Whatever the risks, when it comes to prices, they will probably have reservations about the fees that have to be paid even just to transfer a small amount of ETH. However, unfortunately nowadays it is rare for us to encounter something that is truly disturbing.
Usually whales don't care about huge gas fees because the most important thing is that the assets they want to send can be received immediately. Because up to now it seems impossible that Ethereum will provide a solution to gas fees which are still a problem to this day.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #363 on: March 25, 2024, 05:01:14 PM »
ETH is a ticking time bomb. Fully centralized. Mr V has kept company with Putin of Russia so this makes the coin look to be slanted to Russia.
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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #364 on: March 26, 2024, 05:55:25 AM »

Usually whales don't care about huge gas fees because the most important thing is that the assets they want to send can be received immediately. Because up to now it seems impossible that Ethereum will provide a solution to gas fees which are still a problem to this day.

Whales do not care about high gas costs, because the amount of money is so large. And of course the profits obtained are also large, which is why whales never worry about gas costs, as long as their assets are shipped quickly.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #365 on: March 26, 2024, 07:23:17 AM »
ETH is a ticking time bomb. Fully centralized. Mr V has kept company with Putin of Russia so this makes the coin look to be slanted to Russia.

Do not talk political nonsense here on the forum, what you write is completely impossible to confirm or refute, plus I think it is forbidden to write on political topics, no matter who is right and who is guilty.
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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #366 on: March 26, 2024, 09:45:12 AM »
actually those who are comparing these two are the people that does not know what bitcoin and ethereum is, and maybe they are just  spamming the forum just to gain activities .
Bitcoin and ethereum is not here to compete but to serve its users , if you are comportable to one blockchain then you are free to use whichever you believe and trusted.
Yes, you are right, these two coins are a bridge between users who have Fiat currency to make transactions from the purchases they make and use Bitcoin or Ethereum as their means of payment, because so far Bitcoin and Ethereum price movements depend on how many receive transactions using cryptocurrency, the more people who accept payments using cryptocurrency, the higher the price of these two coins will be on the exchange.
exactly this is why up to now why there are others that trying to compare and choose between these two when we can act correctly to invest in both of currency also adding some altcoins that has potential will save our  folio for betterment .
we need to be mindful in this market and we need to survive having safer portfolio .

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #366 on: March 26, 2024, 09:45:12 AM »


Offline NikeFit_7777

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #367 on: March 26, 2024, 10:55:15 AM »
Actually, spending gas fee for coin transfer has indeed become something they have to face. Because after all we cannot avoid the gas fee. Whatever the risks, when it comes to prices, they will probably have reservations about the fees that have to be paid even just to transfer a small amount of ETH. However, unfortunately nowadays it is rare for us to encounter something that is truly disturbing.
What's the problem with waiting for the price to drop and making the transfer? It's not that difficult + it's not always that expensive. And if you're buying ETH (going forward), why constantly transfer from one storage location to another?

P.S. In general, if you compare ETH with bitcoin - you can argue for a very long time without reaching a common ground. If you do make an investment, do it on your own convictions, not someone else's.  8)
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Offline dekafee79

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #368 on: March 26, 2024, 01:49:46 PM »

exactly this is why up to now why there are others that trying to compare and choose between these two when we can act correctly to invest in both of currency also adding some altcoins that has potential will save our  folio for betterment .
we need to be mindful in this market and we need to survive having safer portfolio .

Having two coins that have the same potential is the right thing we should do, rather than comparing two coins that are equally popular like ethereum and bitcoin. We can also add other kin to our collection to make a profit.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #369 on: March 27, 2024, 02:56:36 PM »

exactly this is why up to now why there are others that trying to compare and choose between these two when we can act correctly to invest in both of currency also adding some altcoins that has potential will save our  folio for betterment .
we need to be mindful in this market and we need to survive having safer portfolio .

Having two coins that have the same potential is the right thing we should do, rather than comparing two coins that are equally popular like ethereum and bitcoin. We can also add other kin to our collection to make a profit.
At least when you have two popular coins such as Bitcoin and Ethereum, when there is good news from Bitcoin, it will give you the potential to get twice the profit because usually the price of Ethereum will follow Bitcoin price movements.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #370 on: March 28, 2024, 07:06:44 AM »
At least when you have two popular coins such as Bitcoin and Ethereum, when there is good news from Bitcoin, it will give you the potential to get twice the profit because usually the price of Ethereum will follow Bitcoin price movements.

About two coins I can say that there is a trick traders, but it does not always work as it should, but still, for example, you trade and see that Bitcoin begins to grow, you buy it and as soon as it stopped, you sell it and buy Ethereum and wait for it to grow. ::)
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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #371 on: March 28, 2024, 10:42:04 AM »
Whales do not care about high gas costs, because the amount of money is so large. And of course the profits obtained are also large, which is why whales never worry about gas costs, as long as their assets are shipped quickly.
I don't think so. The expensive gas fees will bring impacts to every body. Even the whales, they must get the impacts if the gas fees will be so expensive. With the large amount of Ethereum they have, they must pay higher fees. It should be a problem for them if they often send their Ethereum to the wallets. Ethereum must have the way to lower the gas fees, I think Vitalik and team are working to find the solution. So, we just need to wait for the time.


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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #372 on: March 28, 2024, 09:12:12 PM »
Whales do not care about high gas costs, because the amount of money is so large. And of course the profits obtained are also large, which is why whales never worry about gas costs, as long as their assets are shipped quickly.
I don't think so. The expensive gas fees will bring impacts to every body. Even the whales, they must get the impacts if the gas fees will be so expensive. With the large amount of Ethereum they have, they must pay higher fees. It should be a problem for them if they often send their Ethereum to the wallets. Ethereum must have the way to lower the gas fees, I think Vitalik and team are working to find the solution. So, we just need to wait for the time.
The problem has been around for a long time, but until now the ethereum team has not found a solution due to high gas costs. In the past they even said ethereum 2.0 might help solve the problem of high gas fees, but until now we are still seeing high gas fees. Whales don't mind because their nominal investment is quite large and the profits are far above the high gas fee, that's my opinion.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #373 on: March 29, 2024, 11:11:33 AM »
If you are looking into decentralized apps and want to explore new ideas.. well Ethereum's
smart contract capabilities and innovation might suit you.

But if you prefer something established and widely accepted, the Bitcoin network,
  store of the value, and adoption might be appealing.

But still, It depends on your specific needs and goals.

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Re: Is ethereum is better cryptocurrency than bitcoin???
« Reply #374 on: March 29, 2024, 01:05:27 PM »
The problem has been around for a long time, but until now the ethereum team has not found a solution due to high gas costs. In the past they even said ethereum 2.0 might help solve the problem of high gas fees, but until now we are still seeing high gas fees. Whales don't mind because their nominal investment is quite large and the profits are far above the high gas fee, that's my opinion.
Unfortunately, the Ethereum developers have said that this is not possible to do and perhaps Ethereum will still be left with high fees, but this increase in fees usually depends on the transaction density conditions that occur on the Ethereum network. If transactions are relatively quiet, usually the transaction fees will be cheaper.

 

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