The Virtual-Currency War That Threatens to Tear Bitcoin Apart

in #bitcoin7 years ago

The bickering has hindered interest in the virtual currency, sending some to a newer alternative, Ethereum, that has surged more than fortyfold this year and is now worth only about 20% less than all the traded bitcoin, according to CoinMarketCap.com.

“A lot of my friends are selling their bitcoin and buying ethereum,” says Zachary Mallard, who runs a men’s grooming-products business in Brooklyn, N.Y. Mr. Mallard bought some ethereum in recent months, passing up on bitcoin in part because he views the potential split in the currency as limiting the potential gains.
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The debate between the two sides has intensified in recent weeks, as bitcoin has rallied more than 160% this year—and that is despite the recent swings in the currency’s value. Ultimately, how the trading is structured will help determine who controls the increasingly valuable currency, and who potentially gets rich from that control.

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Looks like Ethereum will take over Bitcoin's market cap when the UASF happens and from there I see Ethereum sky rocketing while Bitcoin takes a big dip. I'm guessing it will be a few weeks after the fork when Bitcoin's price stabilizes

As far as technology goes everything makes sense in Bitcoin while in Ethereum nothing makes any sense. And with the recent SegWit2x community support I see bitcoin price only going up.