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Babubu609

Why high demand in ethereum than BTC?

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This is due to the high fees placed on the bitcoin currency, as you notice the fees on the Litecoin coin or the Ethereum coin is less than that in the Bitcoin currency

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I'm slightly disagree with your opinion.  I think ETH isnot more popular than BTC. But many times when Bitcoin cannot be traded, ETH is needed. ETH is used for low budget trading and investing. It is also used for fast transaction. People also   used it for reducing their risk for invest 

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Where do yo see such kind of review thats shows the ethereum having high demands more than btc? if ethereum has high demands, why its still low price from btc?


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Most of the new projects are releasing their own tokens which are based on Ethereum network but sill.I don't think the demand of btc is lower that eth, the btc has huhe popularity in compared to eth.As new people knows about Bitcoin at first

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You can see this from the crescent of the market liquidity chart and through the Bitcoin buyout chart, where all this is part of the currency movement analysis. Secondly, it is natural for the acquisition to move from one place to another and to decrease in Bitcoin and concentrate in other currencies or in Ethereum. As Bitcoin has a right to rise, so currencies have the right to do so, and in the overall control of the market, the rise and fall so far are the whales because the market is still somewhat small.

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Yes that's right, on many exchanges ETH is superior to Bitcoin, ETH orders are always there and many want it, I think ETH is the future coin that will replace bitcoin, currently the volume of ETH is very large and now it has become evident that ETH is on the rise and now continuing to rise to the highest point, I think ETH's future will be bright.

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The existing liquidity in the market stabilizes in different proportions in currencies, and in most cases the BTC acquires most of it and after a while we find that the liquidity has been distributed and decreased in it or the acquisition of another currency such as eth has changed and thus becomes the leader of the market and its direction and the rest catches it. We have seen something similar in the recent rise where Ethereum has been leading the market for some time.

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On 5/10/2020 at 1:31 AM, Babubu609 said:

There are few people that invest in btc but withdraw in any other coin why not BTC?

Maybe, the fee for withdrawal in bitcoin is very high. That's why they are using other coins because it has low fee only unlike in bitcoin. Example is in yobit, you need to have, i think 100000 satoshis or above before you can withdraw your the btc. Unlike if you transfer it in xrp, you just need to pay a small fee for you to withdraw your money.

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I don't think there's high demand of Ethereum than Bitcoin. However, there are many people that like to use ETH because of it's low gas fees than Bitcoin.

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5 hours ago, Hatred said:

Maybe, the fee for withdrawal in bitcoin is very high

Yes that maybe true because when the fee is high we all prefer to exchange our withdrawal currency to currency of lower withdraw fee. Like most especially the ltc, xrp, etc they are low fee Currency.

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1 minute ago, Babubu609 said:

Yes that maybe true because when the fee is high we all prefer to exchange our withdrawal currency to currency of lower withdraw fee. Like most especially the ltc, xrp, etc they are low fee Currency.

Yes that's the reason. But I think even we withdraw our money from other coin than the coin we invested, we just need to trade it again. I mean there's wallet that you can trade your coin to other crypto. Example is from xrp you want to get back in btc. There's a wallet that you can make it btc again, just need to trade and that's it.

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4 hours ago, Hatred said:

I mean there's wallet that you can trade your coin to other crypto. Example is from xrp you want to get back in btc. There's a wallet that you can make it btc again, just need to trade and that's it.

That's true mate there are wallets that have exchangers in it, like the trust wallet it work perfectly because you can change your currency through there exchange 

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Well the direct is simply because of the exceptional advantages and unique features that ether coin possesses compare to BTC currency itself. ETH happen to be great potential Coin with a bright future too. No total mining limit and with a very low fees charges

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There are a number of reason of why users may choose to rather trade in ethereum over bitcoin, but i think the most important would be the transaction speed, value of the coin and the cost of transaction. Ethereum transactions are often faster in transaction speed than bitcoin and are done so at a lower transaction fee, which is very attractive for those that have little of the coin. With regards to value, if you do not invest much, you are likely to see better rewards with ethereum price fluctuations rather than bitcoin, due to the extremely high cost of bitcoin. 

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In fact, it may be a deceptive vision! Because, you may not always notice the fact that your favorite cryptocurrency is traded on the exchange in some other way. There are different moments. I believe that this is not a reason to worry, and bitcoin will always remain on top!

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On 7/13/2020 at 10:22 AM, TheRaed said:

This is due to the high fees placed on the bitcoin currency, as you notice the fees on the Litecoin coin or the Ethereum coin is less than that in the Bitcoin currency

That's the facts, the lower fees while making transaction is one of the reasons why ETH is gaining much more attention over BTC, additional reasons may be speed during transactions and no Mining limit.

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Bitcoin and ethereum are leading the market, most of the people invest in these two coins. But the now a days people are investing in ethereum because this is most popular and providing them the best facility. The less fees is triggered the  of user.

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Ethereum has high demand in crypto market because its has best technology and its uses is more than bitcoin. If you make withdraw in btc, than the transaction fee is high so that why peoples would not take withdraw in btc. They use another coin for withdraw. Ethereum have most of the token so people showed their interest in ethereum.


                           

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Presently, many people are involved in DeFi stuffs and that is one of the major reasons Ethereum is used more. However, Bitcoin is the first and mostly adopted crypto.

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I don't think so that eth exchanged all the more at that point what's exchanging on bitcoin is you checked the all-out volumes of 24 hours on Coinmarketcap and coingecko. On the off chance that discovers a larger number of volumes on bitcoin instead of eth. You likewise can check this history on CMC and coingecko.

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ETH team is very strong and good, so many peoples will like the ETH becasue its price is low and also so many traders now trade on this coin becasue ETH coin is regularly go to up and i hope that soon the BTC and the ETH make a great high almost ETH touch the 800$ in the upcoming weeks.

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I will give you according to my experience with the two, the very first one is on bitcoin, bitcoin is very expensive and sometimes it does not make sence to use it, the most important thing today is to work as hard and know how to really identify the right chance to work with. So look at it this way , when you have something working for you , always try to follow it , the right idea also being you can be able to balance everything perfectly in the time we have today , Ether chain and Blocks are used by so many tokens,more than you can imagine and I think thats the reason though Ether is also slow and expensive, but better than bitcoin

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For me ,I think it because eth is less and easy to buy , not everyone can invest in Bitcoin, but many can invest in ethereum, it may be because of the low demand in Bitcoin, I think 

 

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In his traditional speech on Friday, 31 May, Japan's Minister of Finance, Shunichi Suzuki, reiterated that exchange rates should reflect fundamental indicators and that he would respond appropriately to excessive movements.   On Friday, 31 May, a block of important macroeconomic statistics on the state of the Japanese economy was released. The Consumer Price Index (CPI) in Tokyo showed that inflation rose to 2.2% y/y in May. In April, this figure was at 1.8%, matching a 26-month low. Core inflation in Tokyo also rose to 1.9% from 1.6% y/y, and the CPI excluding volatile food and energy prices increased from 1.8% to 2.2% y/y. (It should be noted that inflation in Tokyo is usually higher than the nationwide figures, which are published three weeks later. Therefore, the Tokyo CPI is a preliminary but not final indicator of inflation dynamics at the national level.)   The current rise in inflation could increase confidence in future BoJ monetary policy tightening. However, the fear of low inflation and a sharp yen appreciation deters the BoJ from raising the interest rate and narrowing the gap with other major global currencies' rates. A strong yen would harm national exporters. The decline in industrial production, which fell by -0.1% in April both month-on-month and year-on-year, does not encourage borrowing costs to rise.   The last note of the week for USD/JPY was struck at 157.25. United Overseas Bank (UOB) analysts believe that in the next 1-3 weeks, "the dollar has the potential for growth, but given the weak upward momentum, any advancement is likely to be slow. The 157.50 level might be difficult to overcome, and resistance at 158.00 is unlikely to be reached in the near future."   Speaking of the average forecast of experts, only 20% indicate a southward direction, while the remaining 80% adopt a neutral position and look east. Technical analysis tools show no such doubts or disagreements. Thus, 100% of trend indicators and oscillators on D1 point north, with 15% already in the overbought zone. It should be noted that if the green/north color of the indicators for the euro and the British pound indicates their strengthening, in the case of the yen, it conversely indicates its weakening. Therefore, traders may find it interesting to pay attention to the EUR/JPY and GBP/JPY pairs, whose dynamics have been impressive lately. The nearest support level is in the area of 156.25-156.60, followed by zones and levels at 155.50-155.90, 153.10-153.60, 151.85-152.35, 150.80-151.00, 149.70-150.00, 148.40, 147.30-147.60, 146.50. The nearest resistance is in the 157.40 zone, followed by 157.70-158.00, 158.60, and 160.00-160.20.   No significant events or publications regarding the state of the Japanese economy are expected next week. CRYPTOCURRENCIES: Bullish and Bearish Ethereum Prospects   For the second week, market participants' attention has been focused on the main altcoin. On 23 May, the US Securities and Exchange Commission (SEC) approved 19b-4 applications from eight issuers of spot exchange-traded funds based on Ethereum. (According to JP Morgan experts, this was dictated not by a desire to support digital assets but by a political decision aimed at supporting Joe Biden ahead of the US presidential elections.) Whatever the true reason for this regulatory move, everyone is now interested in where Ethereum prices will go. The newborn ETH-ETFs can only start trading after the SEC approves the S-1 applications. According to Bloomberg analyst James Seyffart, this could take "weeks or months," although it is very likely to happen in mid-June. According to DeFiance Capital CEO Arthur Cheong, Ethereum's price could rise to $4,500 even before trading begins. CCData analysts believe that within 100 days of the launch of ETH-ETFs, the price could reach $5,000 per coin. This forecast is based on linear regression and the price statistics of bitcoin after the launch of spot BTC-ETFs. CCData's analysis assumes that inflows into similar Ethereum funds will be at least 50% of inflows into Bitcoin-ETFs, which means about $3.9 billion over a 100-day period.   Popular analyst Lark Davis has forecasted future growth for bitcoin to $150,000 and Ethereum to $15,000, explaining such a sharp price increase by the emerging market dynamics. The main reason for growth, Davis also cites spot BTC-ETFs, to which ETH-ETFs will now join. This will further fuel the cryptocurrency market's enthusiasm. Currently, spot BTC-ETFs hold 1,002,343 coins (≈ $68 billion), which is about 5% of the circulating supply of the flagship asset. Davis believes this impressive figure clearly indicates growing recognition of cryptocurrency and interest from institutional investors, especially from the US.   Strike CEO Jack Mallers predicts that during the ongoing bull rally, bitcoin could reach $250,000 and possibly rise in price to $1 million. On a podcast with Pomp Investments founder Anthony Pompliano, Mallers explained his bold forecast by stating that bitcoin is still at an early stage of development. According to him, the bond market is currently facing problems, so central banks may inject a significant amount of liquidity into the financial system to stabilize it. This liquidity influx will trigger an increase in the value of risky assets, including the leading cryptocurrency.   Jack Mallers disagrees with the notion that bitcoin is a bubble or a tool for speculation. The asset is becoming increasingly popular among financial giants on Wall Street, and its limited supply of 21 million coins makes BTC highly resistant to inflation, unlike fiat currencies and gold. "Bitcoin can be called the hardest form of money – thanks to the fixed issuance schedule and halvings every four years. The release rate of new coins gradually decreases, thereby increasing bitcoin's long-term value," argued the Strike CEO.   Analysts from financial investment company Motley Fool also target a six-figure number. They suggested that bitcoin's rate could rise to $400,000 and possibly even reach $1 million. The reason, which has been mentioned many times, is the influx of money from institutional investors through spot ETFs. Motley Fool analysts noted that more and more pension funds and hedge funds, managing multi-billion dollar sums, are entering the bitcoin market. Thanks to cryptocurrency ETFs, they can easily include bitcoin (and soon Ethereum) in their investment portfolios.   According to analysts, around 700 investment companies have already invested in such funds. Nevertheless, the share of institutional investors in bitcoin-ETFs is currently only about 10% of the total. Motley Fool estimates that if financial institutions invest about 5% of their assets in bitcoin, the market capitalization of the first cryptocurrency could exceed $7 trillion, which explains its forecasted rate of $400,000.   Considerably less optimism was heard in the forecast of Bloomberg senior analyst Mike McGlone. According to him, bitcoin's volatility leaves it trailing gold and the US dollar in investment appeal. Furthermore, he believes that stocks will soon crash amid the expected recession, but BTC will suffer even more than the stock market. McGlone emphasized that the Tether (USDT) stablecoin, pegged to the US dollar, typically trades twice as much per day as bitcoin. "I can access the US dollar anywhere in the world from my phone using Tether. Tether is the number one trading token. It's the number one cryptocurrency for trading. It's the dollar. The whole world has moved to the dollar. Why? Because it's the least bad of all fiat currencies," the Bloomberg expert stated.   While Mike McGlone merely downgraded bitcoin's attractiveness, Cardano founder Charles Hoskinson simply buried it. He equated bitcoin to a religion and stated that the industry has outgrown its dependence on it. According to Hoskinson, "the industry no longer needs bitcoin to survive." He pointed out critical threats to the leading cryptocurrency, including insufficient adaptability and dependence on the Proof-of-Work algorithm. Franklin Templeton analysts, on the contrary, consider L2 protocols, along with Ordinals, Runes, and DeFi primitives, as one of the main drivers of bitcoin's innovation revival. Strike CEO Jack Mallers defended the first cryptocurrency. According to him, the Lightning Network, created for instant and cheap transactions, a second-layer solution based on the BTC blockchain, can further increase the demand for the first cryptocurrency. Mallers believes that thanks to this, bitcoin can be used for everyday purchases, such as paying for a cup of coffee. Former BitMEX CEO Arthur Hayes called the native token of the Cardano blockchain (ADA) "dog shit" due to its low use in protocols.   As of the time of writing this review on the evening of Friday, 31 May, ADA is trading at 0.45 USD per coin, while bitcoin and Ethereum are faring significantly better: BTC/USD is trading at $67,600, and ETH/USD at $3,790. The total cryptocurrency market capitalization is $2.53 trillion ($2.55 trillion a week ago). The Bitcoin Fear & Greed Index remained almost unchanged over 7 days, staying in the Greed zone at 73 points (74 a week ago).   It should be noted that ETH/USD failed to break through the $4,000 resistance this past week. The local maximum was recorded on Monday, 27 May, at $3,974. The lack of an immediate pump is explained by the fact that everyone who wanted to buy Ethereum in anticipation of the SEC's historic decision already did so. Meanwhile, according to some analysts, there is a high probability that immediately after the launch of the long-awaited spot exchange funds, Ethereum will enter a deep drawdown, similar to what happened in January with bitcoin. Then, over 12 days, it fell by 21%.   One of the key reasons for BTC's drawdown at that time was the unlocking of GBTC fund assets from Grayscale, which was converted into a spot fund from a trust. It began losing investments daily at a rate of $500 million. It is possible that something similar could happen with Ethereum, where Grayscale's ETHE fund holds $11 billion worth of ETH. As soon as this fund is converted into a spot fund and its assets are unlocked, short-term investors might start taking profits, potentially causing ETH/USD to fall to the strong support zone of $2,900-3,200. Pessimists among bearish factors also cite the uncertain legal status of the altcoin, as the SEC has not yet clearly defined whether ETH is a commodity or a security. Additionally, the regulator has many complaints about the staking program.   Staking is a way to earn cryptocurrency by "locking" a certain amount of coins in a wallet on the Proof of Stake (PoS) algorithm to support the network. In return, the user receives rewards in the form of additional coins. According to Wall Street legend Peter Brandt, "the biggest disasters in the cryptocurrency sphere that are yet to happen will be related to staking." The expert noted that such assets as Ethereum are often rented out to earn such income, often in the form of interest, which strongly reminds him of collapsed financial pyramids. As staking becomes more widespread, Brandt warned, it could attract increased attention from central banks, treasuries, and other authorities. This could lead to tighter regulation, significantly altering the crypto space and potentially resulting in the cessation of staking and bankruptcies for those involved. NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
    • Даа, кроме нас на форуме остались рекламщики обменников и все). А у вас было монета not, он очень хорошо вырос. Надо было покупать сразу после листинга. Даа, упускаем моменты). Биткоин продолжает коррекцию делать, а я купил какие то щитки и вынужден ждать. 
    • Крупный банкир получил тюремный срок за криптомошенничество   Бывший инвестиционный банкир Рашон Рассел приговорён к 41 месяцу тюремного заключения за мошенничество с использованием цифровых активов. В результате расследования правоохранительные органы США выяснили, что обвиняемый начал опробовать свою мошенническую схему на друзьях, бывших одноклассниках и коллегах по работе в криптофонде R3 в ноябре 2020 года. Рассел обещал им гарантированную доходность инвестиций от 25% до 100%. Чтобы его слова были ещё убедительнее, он пустил в ход свой опыт инвестиционного банкира и сфабрикованные документы (поддельные счета, переводы). Сначала он использовал часть полученных обманным путём средств для выплаты долгов более ранним инвесторам. Остальные деньги Рассел тратил на азартные игры и поддержание роскошного образа жизни. Такая мошенническая схема работала до августа 2022 года. В апреле 2023 года Рашона Рассела арестовали, а в сентябре он признал свою вину. Тогда же выяснилось, что Рассел незаконно приобрёл около 100 кредитных и дебетовых банковских карт на имена других людей. По мнению следователей, он планировал использовать карты для проведения транзакций с полученными незаконным способом деньгами. Минюст США подсчитал, что потери инвесторов от мошеннической схемы Рассела составили $1,5 млн. Именно эту сумму подсудимый должен выплатить своим жертвам в качестве компенсации. Источник - https://ru.investing.com/news/cryptocurrency-news/article-2428894
    • CryptoRank поделился списком крупнейших разлоков июня.        Будьте осторожны в отмеченные дни, ведь увеличение предложения может вызвать давление со стороны продавцов. ARB — $105.21 млн;APT — $103.03 млн;UNI — $87.93 млн;STRK — $75.67 млн;DYDX — $66.3 млн;SEI — $63.81 млн;ID — $55.82 млн;IMX — $54.96 млн;MERL — $42.21 млн;ENS — $36.65 млн.  
    • В Татарстане построят майнинговую ферму стоимостью $100 млн   В Иннополисе, городе высоких технологий в Республике Татарстан, реализуют майнинговый проект стоимостью $100 млн. Об этом на криптофоруме в Казани сообщил заместитель премьер-министра Татарстана Роман Шайхутдинов и заместитель министра цифрового развития, связи и массовых коммуникаций РФ Александр Шойтов.     В 2023 году Россия поднялась на второе место по майнингу криптовалют. По оценке экспертов, в майнинге может быть использовано до 5 гигаватт электрической мощности, что позволит стране занять лидирующие позиции в отрасли, — сказал Александр Шойтов.   В середине февраля компания по добыче биткоинов BitRiver также обнародовала планы по запуску крупнейшего в России дата-центра, ориентированного на искусственный интеллект.   В РФ пока нет чётких правил по контролю майнинга. В конце апреля российские законодатели представили новую версию законопроекта, направленного на регулирования рынка добычи криптовалют. По словам одного из его авторов, правила могут вступить в силу уже в сентябре этого года.
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