Comment by sputknick

Disclaimer: I'm invested in Ethereum, and not Bitcoin. There is no good reason that Bitcoin is still going up once Ethereum came on the scene. Transaction times, transaction cost, decentralization, future development work, consensus under one leader all favor Ethereum. The only reason I see for Bitcoin to still be strong is that it has name recognition and first mover advantage. People talk about "Bitcoin" and "cryptocurrency" as synonyms. If you want to "get into cryptocurrency" you buy Bitcoin. I think this is a bad thing, but I don't know what it means. Anyone have any insight with a differing opinion as to why I am wrong? Does anyone know a good reason (technical or economic) Bitcoin is going up while Ethereum is not?