/biz/ - Business & Finance

Deluded they think BTC will always remain the king/flagship.

>>7022635
rule #1 never buy into pumped coins.
>>7022650

because big money is trying to force BTC holders to escape to shitcoins

not going to play their games

>>7022711
4 transactions per second + $50 fee for the privilege, you're deluded if you don't think BTC is the OG shitcoin

>>7022635
you'll see why in a month

>>7022635
I already own more ETH than BTC. So I am comfy either way.

Also
>Putting your eggs in one basket
>Buying during a pump

>>7022635
It's hard to make a decision in the heat of the moment.

If Eth crashes back down, will bitcoin recovers, people will say "why were you so dumb to uy eth ATH, I was smart and bought the bitcoin dip instead".

If Eth stays relatively where it is, and continues uptrending, will bitcoin continues moving down, people will say "Why didn't you get in Eth when you saw it mooning, how could you have stayed in bitcoin?"

It's hard to know what to do at the time, bear this mind when you faggots inevitably boast/cry in hindsight. Many traders know this well.

EVER HEARD OF THE LIGHTNING NETWORK THATS COMING TO BITCOIN THIS YEAR? YOU STUPID FUCKS

>>7022736
Weren't you guys saying that last month?

>>7022739
Diversification in crypto doesn't really matter outside of the very young projects. So now again explain why you still have a BTC position?

>always do opposite of what biz says
are any of you concerned that every biztard is saying eth can't be stopped

>>7022769
>will
*while

>seriously dumb question
when btc drops eth drops. why aren't you in fiat, anon?

>>7022793
Well there are to many coins tied to it. So if eth fails so will half the market.

>>7022769
This isn't a heat of the moment question. Everyone had to use BTC at some point when getting started in this space and that experience should have put everybody off investing it. Its slow, expensive and the devs don't give a fuck. Why would anyone decide to put money into this 1 month ago, 6 months ago or right now instead of putting that money into ETH?

>>7022812
That's why BTC is still 50% down from its ATH and ETH is only like 100$ away? I'm not in fiat because I don't like gambling by attempting dip timing

>>7022884
>>7022771
Ethereum is working on their own scaling solutions: sharding, plasma, raiden. But don't forget bitcoin is as well. People will have differing opinions on which is better.

>>7022884
dip timing is literally nothing to any trader worth a dime. stay poor hodl fag

Which one looks like its due for a pump? Recently picked up a few btc with my eth, lets see how it pans out

>>7022635
Digibyte is superior, wtf is ETH lol -.-

>>7022635
https://twitter.com/BobSummerwill/status/952546192449155072

>>7022784
>Diversification in crypto doesn't really matter
famous last words

>muh fixed supply of 21M

BTC will be the currency coin once Lightning is working well.

Ethereum will be crushed by ADA (or something else) that doesn’t choke from Vitalik’s cryptokiddies.

>>7022771
Bitcoin sacrifices trustlessness.

>>7023353
Whoa—- Chad Fad confirmed.

>>7022635
Cause BTC holders are a cult of delusionals

>>7023635
this might be the one time bitcoin takes a beating, and then doesn't get back up again

>>7023353
All I'll say is remember what happened when bcash was pumping, I know this situation isn't exactly the same, but just be careful.

>>7023926
I'm well diversified, just got greedy - wanted to get in on the (hopefully upcoming) btc pump, move to eth, then move to alts

>>7023353
>muh TA

>>7023090
I'm an investor, not a trader (gambler). I'll probably end up out earning you in the long run

>>7023579
the amount of ignorance and wishful thinking in this post

>>7023477
If anyone is left without a chair it will be BTC holders

>>7022635
I own both, but BTC is superior in terms of being able to replace money, and security.

While ETH is an extremely useful concept,having a turing complete layer 1 means it will be hacked, and repeatedly. BTC offers better security by having smart contracts in second layer ie rootstock

>>7024510
BTC can't do worthwhile smart contracts

>>7024541
What exactly are you basing that on? Rootstock will provide the extensibility to put it on par with ethereum

>>7024587
?

all your second layer solutions are useless if the first layer caps at 300k tx/day

how can BTC EVER compete in a world where Ethereum has sharding - it's almost a joke that you think BTC will be relevant when ETH has 300x BTC capacity on chain

>>7024510
To avoid hassles that come with being Turing complete, Ethereum charges for operations, that's what gas is all about. If someone wants to spam the network somehow, they better be fucking Bill Gates.

>>7024203
I'd only be looking to get into bitcoin once it first finds support, then begins uptrending on the daily timeframe.

switched to ETH mid december
BTC is no longer the king, meanwhile ETH will probably go to 5k this year

>>7024657
It's not about preventing spam, it means that it is impossible to make the protocol completely secure. BTC having a restricted core code means it is much more bulletproof

>>7024641
For a small smart contract like a sports bet I agree eth will be used, but for a £50m insurance smart contract, this will utilise the BTC blockchain for the superior security

BTC and ETH have entirely different use cases. I've got money in both.

>>7024760
> it means that it is impossible to make the protocol completely secure
do you have a reason to make this claim? stop using a metric you don't understand

>>7024760
Here you go, bro. Good to have these discussions on biz: https://www.cryptocompare.com/coins/guides/what-is-the-gas-in-ethereum/

>The gas price per transaction or contract is set up to deal with the Turing Complete nature of Ethereum and its EVM (Ethereum Virtual Machine Code) – the idea being to limit infinite loops. So for example 10 Szabo, or 0.00001 Ether or 1 Gas can execute a line of code or some command. If there is not enough Ether in the account to perform the transaction or message then it is considered invalid. The idea is to stop denial of service attacks from infinite loops, encourage efficiency in the code – and to make an attacker pay for the resources they use, from bandwidth through to CPU calculations through to storage.

>>7024870
What do you mean they have different use cases? ETH is a superset of BTC, and BTC is garbage in the overlap

>>7023602
LN is literally trustless you fucking moron.

>>7024869
Google any of the following brainlet
>what is DAO hack
>drawbacks of turing completeness
>rootstock
>how many times has bitcoin blockchain been hacked

>>7024935
You needn't use an infinite loop to steal all the eth from a smart contract.

>>7025018
>what is DAO hack
not a platform bug you absolute retard

>how many times has bitcoin blockchain been hacked
as many times as Ethereum

>drawbacks of turing completeness
>rootstock
burden is on you to explain why rootstock is safer than Ethereum

a smart contract lives within a limited scope; it can't do anything more than it has permission to do, turing complete or not, rootstock or not

pretty disingenious to call me a brainlet when you know you're getting into waters you don't understand, retard

>>7025092
I think I see where you're coming from, I was misunderstanding what you were saying. Guess I need to look into what you're saying more.

BTC is like gold.. and LTC is silver

Btainlets fail to see code is mutable through forks and bitcoin can be whatever it wants, but nothing else can be bitcojn.
See you at 1mm btc

>>7023353

Due for a pump? Nobody owes BTC a pump, things rise and fall for reasons outside of being owed a pump.

By that logic you should all in TRON right now, it's long overdue for a pump ;)

>>7022711
ETH is a shitcoin? Lol

>>7025185
So you're arguing that solidity is completely bulletproof, buffer overflows VM escapes and various other exploits simply do not happen?

Muh store of value. Also first mover advantage. Literally AOL of crypto

ETH reached 0.1BTC last year, guess what happened later?

>>7022771
You have to be retarded if you think lightning network will work in any decent capacity or make it any less of a shitcoin compared to everything else

>>7025553
I'm arguing that Ethereum is practically and effectively secure; you have no argument for why it isn't other than "its harder cuz muh turing!!!"

>>7025539
Once people find out 95% of ICO's are shit and ethereum can't handle transactions in volumes like btc has now, yes... ethereum isn't the answer.

>>7025896
I think part of that anon's argument is that bitcoin's embedded simplicity (compared to Ethereum), is part of what makes safer. The downside being that it will never have the on-chain functionalities that Ethereum will have.

>>7025896
That's not my argument at all, I was making the point that BTC having a restricted core code means the number of possible exploits is drastically reduced, and having the smart contract functionality off the main chain means it's potentially less disastrous if an exploit is found.

>>7025941
https://bitinfocharts.com/comparison/transactions-transactionfees-btc-eth.html#6m

>ethereum can't handle transactions in volumes like btc has now
??????????????????????????????

????????????
????????????????????????????

corecucks are the worst

>>7025941
> ethereum can't handle transactions in volumes like btc has now
Are you actually retarded?

>>7024992
ETH has the use case of powering the web 3.0, while BTC has the use case of transferring wealth from third-worlders and libertarians to jewish bankers. Completely different use cases.

>>7025994
>>7026007
it's only potentially safer, it's not necessarily safer

rocks are also safer to use than BTC, yet rocks aren't very interesting

and I don't get the point you're making that it's less disastrous that it happens on a second layer; the worst that can happen in either scenario is that funds are moved to people who they aren't supposed to go to, I don't see the relevancy of which layer it happens on

>>7026122
>he isn't accumulating rocks with interesting properties for when we go back to a stoneage economy and they skyrocket in price

>>7026169
just bought 100k

>>7022635
bitcoin is still king!
eth is extremely worthy of being number 2, but don't think bitcoin won't have a comeback

>>7026122
Imagine the scenario where someone is able to maliciously and repeatedly invoke a function on an eth smart contract that holds a lot of eth, they have effectively shut the entire network down. If this happens off the main chain other people can still transact in a situation like this.

You seem to think I am anti eth, I am not - I hold almost as much eth as I do bitcoin.

>>7022884
You're myopic. End of story.

>>7026385
Not an argument.

>>7026097
which part of "superset" did your retarded self not understand?

>>7026282
It costs money to invoke smart contracts; if someone has the money to waste, they can already do what you're proposing

>>7026475
You're missing the point, you can use a bug in solidity to do that in someone else's smart contract, using their money without permission.

>>7026571
ah - fair

still very much a hypothetical - we have not seen a platform vulnerability yet

>>7022884
i have never touched bitcoin
bought ETH from CB, used ETH trading pairs

>>7026669
Tbh I would still say bitcoin and eth aren't even in direct competition, they both fill particular niches extremely well. I'm holding lots of both until at least 2020

>>7026855
Strongly disagree - but ye, lets just vote with our money