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ETH connected with MLM while Bitcoin losing on marketcap share

As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.

Is this another classic pump and dump trick? Probably not.
ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. They will freeze any suspicious account linked to MLM address for up to 30 days. The statement reads:

eth mlm

Recently, some of the platform use ETH to do pyramid schemes. In order to comply with the AML policy of PBoC, Yunbi will reinforce ETH withdrawal inspection. Yunbi has the responsibility to freeze the suspicious users account and report the materials to the regulation administration.

YUNBI will strictly comply with the AML policy and work with regulation department to strike the illegal assets using the blockchain to escape oversea.

It’s not the first time that ETH has been linked to pyramid schemes, but it ‘s the first time that exchanges halted ETH withdrawal using this as excuse. Some evidence could be found here, subforum of Yunbi on 8btc.

Meanwhile, the size of mempool of bitcoin is slowly dropping while a top-upvoted reddit post on Ethereum :

Coinbase will no longer pay for miner fees. People will soon find out how expensive it is to use bitcoin instead of eth! 

Bitcoin is still haunted by the war between CORE and BU. All of the meetups, debates and political mediation seems to be of no effect. With the recent malleability attack launched by bitclub pool, the divergence now escalates to a new level with the latest statement from Jihan Wu, CEO of Bitmain.
As disclosed by Jihan Wu , the malleability attack launched by Bitclub was actually the work of a member of CORE devs.

“Bitclub launched malleability attack on the network. It’s learned that the owner of Bitclub  neither was informed nor authorized prior to the attack. Bitclub is managed by one of the core devs. The filthy attack will be a very important event in the defeat of the totalitarian group who are supportintg  small blocks. “

jihan 1

Jihan Wu comments on bitclub malleability attack (weibo screenshot)

The next day, Jihan expressed firm support on BU and implied hardfork to implement onchain scaling.

“Antpool express support to on-chain scaling by switching to Bitcoin Unlimited but is still open to other scaling solutions. Meanwhile, even most of hashrate switches to BU, hardfork is not going to happen within a short while. The hardfork requires intensive coordination between miners and the whole ecosystem.”

jihan 2

The statement was reposted by Wu Gang, founder of Haobtc, with the following comment:

“Bitcoin is the blockchain with the most hashrate. The network is secured by the majority of hashrate. It doesn’t matter what clients we are using.”

As some 8btc user puts , the “BU party” faces criticism from the node crash and should review the code quality. The slow progress of bitcoin scaling has pushed the transaction fee to an unprecedented  1 USD/tx on average.

COMMENTS(41)

  • hl5460
    2 months ago hl5460

    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

  • talkbitcoin
    2 months ago talkbitcoin

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

    you should have said it probably is. and if you ask me i say it definitely is a pump and dump like any other times before. and bitcoin is the reason why! the fight over block size is opening up room for so much FUD and was the ground work for the pumps.interesting stuff on ethereum though…

  • pedrog
    2 months ago pedrog

    Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.Ethereum may become the dominant currency in the coming years.

  • Victorycoin
    2 months ago Victorycoin

    There is nothing new to that – every once in a while, we hear of this and that coin being the killer coin to take Bitcoin to the cleaners, but Bitcoin is almost priced at over $1200 today. It is certainly okay to also have other coins that are doing pretty well, but there is yet to be a replacement for Bitcoin in sight.

  • Wapinter
    2 months ago Wapinter

    The Ethereum connection with pyramid scheme indicates big whales are planning to pump it but there is also remarkable increase in some good projects based on Ethereum platform which could lead to ETH price increase.

  • naughty1
    2 months ago naughty1

    As far as I know, ETH is growing at an awful level, in a very short time, its value has increased fivefold. This is terrible, and it is also a great reward for those who have put their trust in ETH. It is popular with everyone, and is more popular than bitcoin. It is hard for me to believe this. I used to have the intention of reserving ETH, but I was delayed, unfortunately, however, currently I can not invest in it, when it is having too much value, I see a lot of risk . I will not risk.

  • aarturka
    2 months ago aarturka

    why in bitcoin discussion about altcoin? eth capitalization is fake

  • Red-Apple
    2 months ago Red-Apple

    Quote from: aarturka on March 16, 2017, 11:32:37 AM
    why in bitcoin discussion about altcoin? eth capitalization is fake

    because the main purpose of altcoin (ethereum in this case) is to get pumped and then help those of us who invest before pump and dump on the top have more bitcoin.

  • randy8777
    2 months ago randy8777

    Quote from: pedrog on March 16, 2017, 10:24:44 AM
    Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.Ethereum may become the dominant currency in the coming years.

    you clearly don’t understand what the purpose of choosing altcoins is. bitcoin isn’t an asset that can increase in value like 3-4× within a very short amount of time due to its size. and that’s exactly why altcoins are a preferred option for whatever ‘high level’ scam artist. what matters for them are the profits, and that’s it.

  • Sled
    2 months ago Sled

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share
    I think it is okay for bitcoin to lose some volume in the market because that is normal for a cryptocurrency because we can’t deny that there is a lot of competitors for bitcoin such as altcoins like ethereum but if we look and base in long term then that kind of scenario will be worthless because bitcoin will win after a few years because it is already tried and tested by other people and bitcoin doesn’t need MLM to just gain volume unlike altcoins.

  • serjent05
    2 months ago serjent05

    Quote from: Sled on March 16, 2017, 12:44:12 PM

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share
    I think it is okay for bitcoin to lose some volume in the market because that is normal for a cryptocurrency because we can’t deny that there is a lot of competitors for bitcoin such as altcoins like ethereum but if we look and base in long term then that kind of scenario will be worthless because bitcoin will win after a few years because it is already tried and tested by other people and bitcoin doesn’t need MLM to just gain volume unlike altcoins.

    I agree, the world is revolving, so there will be some changes, uos or down in every market.  It is no surprise if some altcoin will increase by x% and others decrease by y%.  People are trading, and of course whales are pumping.  So definitely if a coin was the one being pumped it will get the highest market increase and this time it was DASH.

  • Xester
    2 months ago Xester

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

    I have heard that Ethereum has a tie up with some MLM companies and they are also have many projects and activities as to how to get Ethereum into the public. That is not shocking since Ethereum is not decentralized and the people behind it are big whales in the economic sector and so marketing of Ethereum is easy. I have heard of Ads Cash recently giving away free 100$ per sign up and they say that they are related to Ethereum I am not sure if it is one of the MLM stuff of Ethereum but that company claims to be so.

  • Sundark
    2 months ago Sundark

    Ethereum linked to MLM? While there is no definite proof we can’t deny this possibility. I wonder when will people realize that only Bitcoin can give us economic freedom. Altcoins are too suspicious ETH, DASH, RIPPLE every single one of them is centrally controlled. If you choose altcoin you are expecting rapid growth (and at some point dump), with bitcoin it is steady, long term surely gain.

  • jonald_fyookball
    2 months ago jonald_fyookball

    Quote from: aarturka on March 16, 2017, 11:32:37 AM
    why in bitcoin discussion about altcoin? eth capitalization is fake

    Because the longer Bitcoin goes without scaling, the more marketshare it will lose to altcoins and the more likely it will become to lose its dominant status.We want to avoid that right?

  • gribble
    2 months ago gribble

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share
    Also ethereum doesn’t has maximal supply, it is strange for me until the price of ethereum going up muchI don’t want make opinions too much about this problem, because I don’t have any proof about it, and i am waiting until ethereum goes to PoS what will happen with this coin.

  • pedrog
    2 months ago pedrog

    Quote from: randy8777 on March 16, 2017, 12:33:28 PM

    Quote from: pedrog on March 16, 2017, 10:24:44 AM
    Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.Ethereum may become the dominant currency in the coming years.

    you clearly don’t understand what the purpose of choosing altcoins is. bitcoin isn’t an asset that can increase in value like 3-4× within a very short amount of time due to its size. and that’s exactly why altcoins are a preferred option for whatever ‘high level’ scam artist. what matters for them are the profits, and that’s it.

    More like nobody wants to deal with “my transaction doesn’t confirm” avalanche of users complaining. 

  • aardvark15
    2 months ago aardvark15

    Quote from: talkbitcoin on March 16, 2017, 10:12:03 AM

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi.

    you should have said it probably is. and if you ask me i say it definitely is a pump and dump like any other times before. and bitcoin is the reason why! the fight over block size is opening up room for so much FUD and was the ground work for the pumps.interesting stuff on ethereum though…

    Or is it possible that Bitcoin has gotten so expensive that people are looking at good alternatives? Etherium is still a lot cheaper than Bitcoin or Dash. And I could see an environment where we had 3 or 4 coins used at the same time because of the high price and scarcity of Bitcoin.

  • SONG GEET
    2 months ago SONG GEET

    Everybody is creating hype about ETH and DASH right now but there is no any good reason to support this high pumps, it was only triggered by decision of SEC against bitcoin ETF. This pump can’t last longer, so creating some short position could be wise decision.  

  • Arcteryx
    2 months ago Arcteryx

    Connecting it to a ponzi scheme will put out the fires fast on it’s fast growth lately because this is what caused the locking of withdrawals in the Chinese exchanges due to the government doing investigations after busting a multi million dollar ponzi scheme within those exchanges.

  • megynacuna
    2 months ago megynacuna

    Quote from: pedrog on March 16, 2017, 10:24:44 AM
    Interesting stuff, last time litecoin was used in a pyramid scheme value increased 4x, even scammers now choose other currencies over bitcoin, bitcoins dominance as never been lower than todays.Ethereum may become the dominant currency in the coming years.

    Ethereum can never dominate Bitcoin, it would have already if it could. These are market gimmicks and ethereum is really being pumped and I urge all to be careful before they loose from a potential pyramid scam.

  • leopard2
    2 months ago leopard2

    MLM or not, ETH is going to see $100 soon  which makes sense if you look at the total number of ETH vs BTC, which is about 5 times.therefore equilibrium would be reached at around $200 ETH/$1000 BTC

  • cosmicblue
    2 months ago cosmicblue

    Just wouldn’t doubt it at all from this point about it being a MLM scheme along with dash.Quote from: AusKipper on March 16, 2017, 02:31:19 AM

    Quote from: LLec on March 15, 2017, 11:52:23 PM
    It’s an MLM? Only thing I can remember something being labelled as one of those was a hyip from a known chinese scammer.Who are these guys who created it connected too?That’s why I asked for source on these finger pointing. Cause doing that with out a direction to look to doesn’t help me make a decision on what they are good for.That’s why really.

    MLM is pretty common, think Tupperware, Avon etc.Neither Dash or PIVx is multi level marketing.For it to be considered multi level marketing someone referring someone new into the crypto currency as a miner would need to receive a portion of the new persons income.

  • piloder
    2 months ago piloder

    Quote from: megynacuna on March 16, 2017, 04:08:38 PM
    Ethereum can never dominate Bitcoin, it would have already if it could. These are market gimmicks and ethereum is really being pumped and I urge all to be careful before they loose from a potential pyramid scam.
    Yes Ethereum foundation are also known for dumps in past when price pumps really hard. ETH can’t beat bitcoin and everybody should be careful about what they are holding right now. There is still millions of ETH in the hand of Ethereum foundation which can come to market at any time.

  • BigBoom3599
    2 months ago BigBoom3599

    Anybody calling Ethereum itself a pyramid scheme is just blatantly ignorant and needs to spend some time doing proper research (someone on a bitcoin forum calling it a pyramid scheme without any arguments may be a bit biased) Ethereum is, from a technological point, probably the best cryptocurrency IMO. The developers behind Ethereum are very keen, and they actually get stuff done instead of debating for years…

  • talikila
    2 months ago talikila

    Quote from: Wapinter on March 16, 2017, 10:40:28 AM
    The Ethereum connection with pyramid scheme indicates big whales are planning to pump it but there is also remarkable increase in some good projects based on Ethereum platform which could lead to ETH price increase.

    I really impressive with ETH increase nowadays but I feel unstable for this coin and Who will be the last person to buy ETH . I do not know when this fact  happens but I will not buy ETH at this time. I just watch and wait for it.

  • BitcoinAllBot
    2 months ago BitcoinAllBot

    Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: 8btccom

  • FiendCoin
    2 months ago FiendCoin

    Quote from: BigBoom3599 on March 16, 2017, 04:45:29 PM
    Anybody calling Ethereum itself a pyramid scheme is just blatantly ignorant and needs to spend some time doing proper research (someone on a bitcoin forum calling it a pyramid scheme without any arguments may be a bit biased) Ethereum is, from a technological point, probably the best cryptocurrency IMO. The developers behind Ethereum are very keen, and they actually get stuff done instead of debating for years…

    ETH and DASH are seeing parabolic rises in price, this can end only one way, MAJOR crash. We’ve seen it numerous times with Bitcoin. Remember when Litecoin was $50? What’s it at now $4? We won’t know if these alts have any staying power until after their crash. If they can recover after that then maybe they have some validity. Right now, probably P&D, be warned.

  • JanpriX
    2 months ago JanpriX

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

    We need to take a look at what’s happening right now in the crypto world before saying that ETH or some altcoin in involved in a pyramiding scheme. Bitcoin’s drop in market dominance would be the after effect of ETF and the battle between BU/SegWit. There so many moving parts in regard to bitcoin and this uncertainty forced other investors to step back and just wait until these things were settled.As for the ETH’s increase in price in the past days, I’m seeing one of the reasons behind it is that four major companies used eth’s technology in their recent projects. This produced high buying amount in the market helping the price of eth to increase as where it is now. At the end of the day, after these increase in price for BTC, eth, or any other altcoins, there will always be crash or correction. People should be always aware of that.

  • aardvark15
    2 months ago aardvark15

    Quote from: JanpriX on March 16, 2017, 05:52:06 PM

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

    We need to take a look at what’s happening right now in the crypto world before saying that ETH or some altcoin in involved in a pyramiding scheme. Bitcoin’s drop in market dominance would be the after effect of ETF and the battle between BU/SegWit. There so many moving parts in regard to bitcoin and this uncertainty forced other investors to step back and just wait until these things were settled.As for the ETH’s increase in price in the past days, I’m seeing one of the reasons behind it is that four major companies used eth’s technology in their recent projects. This produced high buying amount in the market helping the price of eth to increase as where it is now. At the end of the day, after these increase in price for BTC, eth, or any other altcoins, there will always be crash or correction. People should be always aware of that.

    I don’t see why ETH and Dash can’t be successful altcoins even if they are secondary to Bitcoin in price. Bitcoin may always be the most expensive coin, but there may not be enough to go around. Why not have some other coins that can also be used? Even now if you go to a store, you can pay with cash, debit card, Visa, MasterCard, check, etc. So in the future we could have the option of Bitcoin, Etherium, Dash, etc.

  • bitcoinvest
    2 months ago bitcoinvest

    Quote from: aardvark15 on March 16, 2017, 06:45:02 PM

    Quote from: JanpriX on March 16, 2017, 05:52:06 PM

    Quote from: hl5460 on March 16, 2017, 09:08:47 AM
    As per the latest figure on coinmarketcap, the total market capitalization of all cryptocurrency reaches 26 billion USD this morning. Dash sets all time high against btc and takes the 3rd position on the market cap board. On the other hand, bitcoin market dominance dropped to a record low at around 77%.Is this another classic pump and dump trick? Probably not.ETH could have been utilized by pyramid scheme, according to the latest statement  from Yunbi. http://news.8btc.com/eth-connected-with-mlm-while-bitcoin-losing-on-marketcap-share

    We need to take a look at what’s happening right now in the crypto world before saying that ETH or some altcoin in involved in a pyramiding scheme. Bitcoin’s drop in market dominance would be the after effect of ETF and the battle between BU/SegWit. There so many moving parts in regard to bitcoin and this uncertainty forced other investors to step back and just wait until these things were settled.As for the ETH’s increase in price in the past days, I’m seeing one of the reasons behind it is that four major companies used eth’s technology in their recent projects. This produced high buying amount in the market helping the price of eth to increase as where it is now. At the end of the day, after these increase in price for BTC, eth, or any other altcoins, there will always be crash or correction. People should be always aware of that.

    I don’t see why ETH and Dash can’t be successful altcoins even if they are secondary to Bitcoin in price. Bitcoin may always be the most expensive coin, but there may not be enough to go around. Why not have some other coins that can also be used? Even now if you go to a store, you can pay with cash, debit card, Visa, MasterCard, check, etc. So in the future we could have the option of Bitcoin, Etherium, Dash, etc.

    I personally don’t like those coins, but i have to agree with you, there is space for all and must be, like you said, we not have only Visa, we have Mastercard, debit etc… so the same will be for the crypto coins also   this is the reason i bought long time ago many alts. Having the idea that only the bitcoin will dominate this new world is wrong…. Yes will be the king of course but the king need slaves hahaha and important ones

  • Petersun001
    2 months ago Petersun001

    billionaireprofit is a will be a private Limited organization that has been lawfully enrolled in the United Kingdom in 2016. We have a group of merchants with a 7+ years involvement in investments. Presently we are giving speculation administrations around the world. Basically, we are trading foreign currencies & cryptocurrencies. It has never been this simple to have a steady and safe wage! The fundamental objective of our work is the wellbeing of assets, and just the accompanying our assignment is to make high benefits.

  • Pettuh4
    2 months ago Pettuh4

    Well o guess Bitcoin is making another fall but hopefully it wouldn’t go pass $1000. The market cap will unsurprisingly reduce and I hope ethereum isn’t artificially being pumped to serve a purpose?

  • shinratensei_
    2 months ago shinratensei_

    Quote from: Red-Apple on March 16, 2017, 11:55:20 AM

    Quote from: aarturka on March 16, 2017, 11:32:37 AM
    why in bitcoin discussion about altcoin? eth capitalization is fake

    because the main purpose of altcoin (ethereum in this case) is to get pumped and then help those of us who invest before pump and dump on the top have more bitcoin.
    According to the ethereum trader, reddit and a lot of the new adopters are getting trap by the ATH of ethereum. It looks like just the ethereum pump just to fool the people.

  • aardvark15
    2 months ago aardvark15

    Quote from: Pettuh4 on March 16, 2017, 11:27:50 PM
    Well o guess Bitcoin is making another fall but hopefully it wouldn’t go pass $1000. The market cap will unsurprisingly reduce and I hope ethereum isn’t artificially being pumped to serve a purpose?

    If the price of Bitcoin keeps dropping, we can get some cheaper Bitcoins. And if you own any Etherium, it might not be a bad time to sell Etherium for Bitcoin if this trend continues.

  • hl5460
    2 months ago hl5460

    Quote from: leopard2 on March 16, 2017, 04:14:10 PM
    MLM or not, ETH is going to see $100 soon  which makes sense if you look at the total number of ETH vs BTC, which is about 5 times.therefore equilibrium would be reached at around $200 ETH/$1000 BTC

    That would make BTC market share down to less 50%

  • jubalix
    2 months ago jubalix

    BTC is being killed by the block size issue which makes coins immovable and the internal debate and scaleing which just shows dev has ended.

  • Caladonian
    2 months ago Caladonian

    Quote from: shinratensei_ on Today at 01:17:43 AM

    Quote from: Red-Apple on March 16, 2017, 11:55:20 AM

    Quote from: aarturka on March 16, 2017, 11:32:37 AM
    why in bitcoin discussion about altcoin? eth capitalization is fake

    because the main purpose of altcoin (ethereum in this case) is to get pumped and then help those of us who invest before pump and dump on the top have more bitcoin.
    According to the ethereum trader, reddit and a lot of the new adopters are getting trap by the ATH of ethereum. It looks like just the ethereum pump just to fool the people.
    it quite interesting to see how those people react after this pump eneded as we all knew that this things already happen before, eth really make a huge rise then after that etc went out and do its own pump to, are we going to see another coin? but for some  reason maybe big players really wanted to gather more interest  and this pump will continue.

  • Kakmakr
    2 months ago Kakmakr

    Quote from: jonald_fyookball on March 16, 2017, 02:32:25 PM

    Quote from: aarturka on March 16, 2017, 11:32:37 AM
    why in bitcoin discussion about altcoin? eth capitalization is fake

    Because the longer Bitcoin goes without scaling, the more marketshare it will lose to altcoins and the more likely it will become to lose its dominant status.We want to avoid that right?

    Actually more people are using Dash for it’s anonymity features, possibly for money laundering and criminal activities, so it is not a big loss if that happens. We had our share with Silkroad. ^smile^ ETH after the fork, is not a good option for me, because I have my doubts if they can survive after that blow. If we can get rid of the shady people using Bitcoin for criminal uses, this might even be better for Bitcoin. ^LoL^

  • btbrae
    2 months ago btbrae

    Ethereum might have smart contracts but Bitcoin has something better – trust. You can change a few lines of code to achieve the first but the latter, takes many years to achieve.Treat altcoins with an open mind but beware of who controls them. Bitcoin and Litecoin are still the grassroot choice.

  • Arcteryx
    2 months ago Arcteryx

    Quote from: jubalix on Today at 06:47:16 AM
    BTC is being killed by the block size issue which makes coins immovable and the internal debate and scaleing which just shows dev has ended.
    I think the dynamic duo are killing the btc price right now. One rises the other must fall and this time it’s btc is the one to suffer with losses.ETH and DASH are top of the heap as we are witnessing at the moment.

  • Kevin77
    2 months ago Kevin77

    Quote from: Arcteryx on Today at 01:31:31 PM

    Quote from: jubalix on Today at 06:47:16 AM
    BTC is being killed by the block size issue which makes coins immovable and the internal debate and scaleing which just shows dev has ended.
    I think the dynamic duo are killing the btc price right now. One rises the other must fall and this time it’s btc is the one to suffer with losses.ETH and DASH are top of the heap as we are witnessing at the moment.
    Not sure about ETH, but Dash is being pumped insanely that is the reason it is skyrocketing unlike any other thing. But I’m very much sure it will fall in the same pace how it reaching where it is right now. I am not finding any support news nor events to make Dash to have 80+mBTC price levels. A pure bumping is happening there.Financial experts never consider market cap as a valid criteria to measure and compare financial instruments. I am believing traders will start forgetting these ETH and Dash once we get new innovative altcoin arrives like how Ltc  turned as an old dog. But bitcoin will remain as evergreen opportunity for investors and well as for traders.

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