Time to move towards "ETHERIUM"

nimdorjes (25)in #cryptocurrency • 7 years ago

Bitcoin may be the King of Cryptomarket for now but I dont think this is gonna last longer. We can take the example of Nokia. Nokia failed because it couldnt adjust the needs of growing users and ultimately it got bizzairely defeated. Same is the case for Bitcoin right now. It is facing great difficulty in adjusting the need of people. Some of the greivances of people are mentioned below:

Bitcoin can handle only 10,000 transactions per second while the power of handling the transaction of Etherium is more than 30,000 transactions per second. More than 3 times than that of Bitcoin.

Transactions are time consuming in Bitcoin while the transactions are pretty quick in Etherium than that of Bitcoin.

The transaction fee of Bitcoin is quite higher than that of Ehterium.

More transaction fee has to be paid inorder to complete transaction faster in Bitcoin.

Bitcoin is the target of large institutions like Bank for Int'l Settlement, World Bank etc due to its dominance in the market.

Source: Coinmarketcap.com (17/06/2017 9:25 NST)

In the above table, we can observe that the difference in the market cap between Bitcoin and Etherium is very narrow. If the price of Bitcoin decreases by around 15% and the price of Etherium increases by 15% at the same time, Etherium will definitely surpass the Bitcoin in term of Market Capitalization.

Regards,
Nimdorje Sherpa

#bitcoin #etherium #forecast #takeover

7 years ago in #cryptocurrency by nimdorjes (25)

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partrician1 (52) 7 years ago

etherium can do so many things bitcoin cannot. i think however that bitcoin has a longer shelf life. its not just that bitcoin was the first but that there are still so many who have no idea what cryptocurrency is and when they learn, bitcoin will come of first. i see people trading/buying with bitcoin and not with the other coins. i think etherium might actually surpass bitcoin in worth but bitcoin will always be the "gold" when trading crypto. that is my humble opinion anyways. great article!

$0.02

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nimdorjes (25) 7 years ago

@partrician1 yeah ofcourse, etherium has got the great potentiality of which most people are unaware of. But when people gets to know about it people will migrate from Bitcoin to Etherium.
I remember my 1st days at Cryptoworld. It was about 2 years ago when the price of Bitcoin was around 250$ and ofcourse i did consider it too expensive.

I did the mistake of not thinking it as a currency and encashed it right away after some trading. But I dont want people to make mistake because Life is too short to make their own mistake and learn. Instead I urge people to learn from other's mistake and stop avoiding the opportunities.

Currently, I trade cryptocurrency in Etherium more than Bitcoin in BITTREX.
All I want to do is put light to the Right Road to prosperious crypto career. If people dont care it then i also dont care at all. I can make them think but cant make them do.

Good Luck.

Regards,
Nimdorje Sherpa

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