True to the OP! The dominance is weaker every week, and the market cap of Etherium is steadily rising towards BTC. It has also gained quite a lot of popularity (ETH), so it is starting to catch up with Bitcoin even on that. Plus the general use of Etherium is better than BTC's.
I also think people started searching for alternatives due to high fee on Bitcoin network, which is insane, especially if you send lower amounts of money(BTC), and it can be something outrageous like 10% fee (when sending about < $10 ).
Topic: Bitcoin may not be number one for long - page 65. (Read 28298 times)
Regardless of what Altcoins die-hard fans do, BTC will remain number 1 in value and in use, if you make an awkward status to show BTC as second in something then that doesn't mean BTC is second in anything.
As the first and most efficient despite many hurdles and issues along the way, compared to ETH that has already been forked once, I know where I'll keep my money "BTC!".
As the first and most efficient despite many hurdles and issues along the way, compared to ETH that has already been forked once, I know where I'll keep my money "BTC!".
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
Just because Ethereum's price is rising and there are a lot of smart contracts awaits? Not all the time crypto currencies are on hype and will always be at the ceiling. Don't forget that there are a lot of spikes and problems bitcoin passed before and it became strong up til' now. I will stand that bitcoin will always be the number one, people will still choose decentralization.
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
Many people think that bitcoin is dumpy, they think bitcoin is the strongest coin and it will always overwhelm all other coin, however, in fact, they are wrong, bitcoin gets stronger because It has many advantages over other currencies, the advantage of time has made it exist as a king. But it is gradually losing its edge, so many other currencies are growing out, ETH is the best example, and it can pass bitcoin at any time.
Look at the market cap chart and we will see what are happening in the cryptoworld:
Bitcoin $43,680,739,080
Ethereum $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize
Bitcoin $43,680,739,080
Ethereum $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize
These figures can fool only the naive
You should look at how many dollars have been actually poured to change that market cap for 1 unit (say, 1 billion dollars). For example, if it takes the same 1 billion dollars for Bitcoin and only 1 million for Ethereum, you can safely discard these numbers as completely irrelevant and non-representative. The market cap would have a meaning in such and similar comparisons only if its change required the same amount of fiat invested. Otherwise, this is no more than trickery not very far from open deceit at that
Bitcoin can be the best possible because its creator, satoshi nakamoto, does not know its existence, so nobody monopolizes bitcoin, everyone is free to use and mined bitcoin, different from other altcoin, i think bitcoin will remain number one for eternity
I hope BTC is here to stay. my reserves of BTC ought to sty strong... Btc splitting? Why, isnt that just a rumour? And etherum taking lead? Thanks, but no. LTC is a better alternative.
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Ethereum is under a massive bubble due the ongoing ICO frenzy where everyone wants to buy into the next %1000+ performer. They all need ETH to buy into those ICOs.
Yes, there is a reason many ICO's want to be paid for in ETH now. They believe it is the best platform for their market. Their tech is based on it.
Forget about arguing which is best and buy both.
Simple.
Hold one - lose on the other.
Hold both - win on one or both.
This is what happens when something with incredible potential is gifted to a bunch of incompetent, squabbling caretakers, with agendas powered by ego and greed. You should be ashamed of yourselves!
If it weren't for all the bickering, infighting, fragmenting factions, endless scalability debates, miner stubbornness, ASIC boosting scandal and everything else in between, ETH wouldn't be anywhere near BTC in terms of market cap or traction.
The ego and greed has secured Bitcoins undoing, and ETH is likely to be the first of many to surpass it.
ETH does ONE thing better than BTC, it has a better, almost turing complete scripting language....that's it.
Compared to what Bitcoin brought to the table, it's not worthy of that #1 spot.
In fact none of the current crop of alternatives are IMO, they haven't moved the status quo anything like Bitcoin has and it'll take something really special to do that again.
After learning of Bitcoin in 2011, and being engaged with this space since mid 2012, I'm quite disgusted and in sheer disbelief that we are now facing this reality when there is NO rational reason for it.
If it weren't for all the bickering, infighting, fragmenting factions, endless scalability debates, miner stubbornness, ASIC boosting scandal and everything else in between, ETH wouldn't be anywhere near BTC in terms of market cap or traction.
The ego and greed has secured Bitcoins undoing, and ETH is likely to be the first of many to surpass it.
ETH does ONE thing better than BTC, it has a better, almost turing complete scripting language....that's it.
Compared to what Bitcoin brought to the table, it's not worthy of that #1 spot.
In fact none of the current crop of alternatives are IMO, they haven't moved the status quo anything like Bitcoin has and it'll take something really special to do that again.
After learning of Bitcoin in 2011, and being engaged with this space since mid 2012, I'm quite disgusted and in sheer disbelief that we are now facing this reality when there is NO rational reason for it.
Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
Sorry Paluka, it already has replaced Bitcoin. You are just too dumb to understand why. You'll catch up in a year or two. 
Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
agree...bitcoin will remain bitcoin but bitcoin will also gain the best position in this virtual world, already bitcoin is getting legal currency in Japan, hopefully, it will be spread out among the whole world in the future, I think one day, bitcoin will be the number one...
bitcoin virtual currency has become number one and this coin has the potential to continue to be the next virtual money monarch in the future, but to replace the fiat will still be a long debate because indeed the transition will happen will trigger instability fiat. When compared with japan, xrp also has started pair with jpy, so the potential of altcoin to cut bitcoin is also very large. Nothing can survive in this world except innovation and technology development.
Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
Well, it can not replace bitcoin but in somehow, it can become the number one crypto on the chart. Bitcoin will still remain bitcoin even if the price is less than $1 Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
agree...bitcoin will remain bitcoin but bitcoin will also gain the best position in this virtual world, already bitcoin is getting legal currency in Japan, hopefully, it will be spread out among the whole world in the future, I think one day, bitcoin will be the number one...
Bitcoin will always remain Bitcoin: the first, the original, the best. Ethereum will remain Ethereum, it will never replace Bitcoin.
In this 8-9years of time no altcoins or some other coins have got the potential to overcome the growth of bitcoin, even after functioning following the same technology of bitcoin. So in the falling days too bitcoin won't be defeated by any of the digital assets and currency. It serves to be the best and the leader to the digital currency.
Yes, I never said bitcoin will be number 1 for next 50 years. Any coin could take its place if that has more potential than that of Bitcoin but I don't see any coin at the moment (even ETH), has that ability to take over bitcoin's position. There are many aspects behind this opinion and mainly it includes user base, market capital and the goodwill.
Bitcoin has increased 150% this year while ethereum has increased over 3000%, hence the market cap gap between the two currencies have narrowed. The question now would be if ethereum can sustain that kind of momentum and will it really be able to overtake bitcoin, considering it has its own issues to face. Unless the issues bitcoin is facing gets resolved, that gap in market cap is slowly going to be smaller and smaller because all these bitcoin scaling debate is just continuously going to favor ethereum and other alt coins.
we all know bitcoin is not going to stay number one forever, that is not news to us.
but we also know that none of the altcoins that exist today have the necessary usefulness to be able to compete with bitcoin. and most of them have horrible scaling issues and lots of bugs (including ethereum) that will prevent them from ever gaining any foothold outside of exchanges and outside of trading world.
i am looking at them, ethereum still has to gain an additional $268,709,492,115 to be able to beat number 1 coin in the list. and the number 1 is not even bitcoin
https://coinmarketcap.com/currencies/views/market-cap-by-total-supply/
but we also know that none of the altcoins that exist today have the necessary usefulness to be able to compete with bitcoin. and most of them have horrible scaling issues and lots of bugs (including ethereum) that will prevent them from ever gaining any foothold outside of exchanges and outside of trading world.
Look at the market cap chart and we will see what are happening in the cryptoworld:
Bitcoin $43,680,739,080
Ethereum $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize
Bitcoin $43,680,739,080
Ethereum $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize
i am looking at them, ethereum still has to gain an additional $268,709,492,115 to be able to beat number 1 coin in the list. and the number 1 is not even bitcoin
https://coinmarketcap.com/currencies/views/market-cap-by-total-supply/
Look at the market cap chart and we will see what are happening in the cryptoworld:
Bitcoin $43,680,739,080
Ethereum $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize
Bitcoin $43,680,739,080
Ethereum $36,937,571,409
So basically, ethereum almost has the same market cap as bitcoin. Soon, it will surpass bitcoin if bitcoin can not make something big and significant in order to change the blocksize
I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.
I don't think so because we know when convert altcoin into fiat we have to exchange with bitcoin first and for some factor bitcoin is still the first. the one that start will always be the first. Jump to: