Topic: BTC losing dominance over ETH? (Read 462 times)
Bitcoin is slowly losing dominance over ethereum and all of the other altcoins, that much is true. But this does not mean that bitcoin is going to stop being the number one coin anytime soon. Bitcoin still has a lot on all these coins it was the first coin and it already has a couple of years on most of them to grow to where it is not so it will not be easy to lose that spot.
Right. Bitcoin prices are dropping rapidly. Meanwhile ethereum is developing very strongly. Many investors have chosen ethereum to buy instead of bitcoin. For many years ethereum will pass bitcoin.
Well BTC will still bounce back, maybe people are staying away from investing and Eth seems to be increasing because more people use it to invest in ICO's so I believe when bull run will start and more investors come in to invest in btc, btc will increase further.
Bitcoin? Losing to Ethereum? That seems very weird, but i can see why that can happen. Ethereum evolving really fast and it's actually great
Its just matter of time when BTC will be at such level when this question will have no meaning at all. BTC is not that weak to loose its dominance over other markets so easily. Its crazy volume of 24 hours will tell the story itself. ETH is just unimaginable in terms of its quantities and thus it gets diluted in terms of its prices when more ETH is emitted. This is what will keep an ETH price down to the BTC and same applies to the market dominance because that will also keep diluting itself. May you need rethink about the whole calculation and make the results one more time.
I think it seems to me that dominance will not happen any time soon, because these two crypto currencies still exist in the world.
Bitcoin is a gold mine that every big player wants to have and in large quantities and has the ability to manipulate the market.
Bitcoin is a gold mine that every big player wants to have and in large quantities and has the ability to manipulate the market.
I think this is unlikely. Although ETH is used in many ICOs, its value is difficult to overcome today's Bitcoin prices.
Let's again return to some facts and compare the "dominance" evolution of the last month, according to https://coinmarketcap.com/charts/.
- On May 20, Bitcoin's dominance was about 37,5%
- Ethereum's dominance, the same day, was about 18,5%
- On June 20 (today), Bitcoin's dominance is about 40%
- Ethereum, in contrast, still is about 18,5%
So at least in the last month, we've seen a recovery of Bitcoin, but stagnation in Ethereum.
- In a 2-month window, in contrast, Bitcoin was stagnating (39 to 40%) and Ethereum got up from 15,5 to 18,5%.
- In a 3-month comparison, the picture is even more favourable to ETH (16,7 to 18,5 while Bitcoin fell from 44 to 40%)
- but in a 4-month comparison it's the other way around: ETH stagnated on 18,5%, while Bitcoin rose from 36 to 40%.
So, overall, we see that there is very small variation regarding dominance between both coins. Both seem to have found a "stability point" for now, regarding market cap. For the future, I don't see big changes.
- On May 20, Bitcoin's dominance was about 37,5%
- Ethereum's dominance, the same day, was about 18,5%
- On June 20 (today), Bitcoin's dominance is about 40%
- Ethereum, in contrast, still is about 18,5%
So at least in the last month, we've seen a recovery of Bitcoin, but stagnation in Ethereum.
- In a 2-month window, in contrast, Bitcoin was stagnating (39 to 40%) and Ethereum got up from 15,5 to 18,5%.
- In a 3-month comparison, the picture is even more favourable to ETH (16,7 to 18,5 while Bitcoin fell from 44 to 40%)
- but in a 4-month comparison it's the other way around: ETH stagnated on 18,5%, while Bitcoin rose from 36 to 40%.
So, overall, we see that there is very small variation regarding dominance between both coins. Both seem to have found a "stability point" for now, regarding market cap. For the future, I don't see big changes.
I think that Ethereum is gradually reducing the distance to Bitcoin, but still needs to develop to finally take first place.. Personally I believe that ETH can be the number one
It's highly unlikely but you know the recent statement by the Co founder of apple that stated that " etherum is likely to be the next apple " have changed view of many and now people are running after etherum leaving Bitcoins.
But the percentage of people doing this is comparatively low thus one should understand that it's not the case no variant is completely wiped out and sooner or later the Bitcoins will rise we just need to hold and wait.
But the percentage of people doing this is comparatively low thus one should understand that it's not the case no variant is completely wiped out and sooner or later the Bitcoins will rise we just need to hold and wait.
Still doubt that people will get rid of the bitcoin. Also what makes you think that 37% dominance is loosing percentage here for the BTC? If there is even 10% dominance then it means something to BTC as it is always against the whole crypto currencies out there and not just the ETH. If you compare with ETH then it could stand a chance to have dominance over the ETHa round 70% and rest 30% counts for the altcoins other than these two.
Now make up your mind and ask yourself what could be life changing? BTC or ETH.
There is definitely a possibility of Ethereum overthrowing Bitcoin. Not a big one, but not that small either. Ethereum has very interesting and valuable assets and features that can help it grow, but more importantly to help it become independent from Bitcoin on the market.
I think no. Ripple is more likely than Ethereum to overtake Bitcoin.https://twitter.com/bluestonebridge/status/995323912299958272
Ummm.. what? Based on what? Why are you linking to a random tweet from a fake twitter account of an economist who has been dead over 20 years? I think this is the huge problem in crypto. People are always looking for the next big thing because they missed out on bitcoin and they look for any random sources to back up their own delusions or dreams of getting rich by whatever coin they managed to buy a shitload of when it was cheap. Of course this then just gives them an insatiable appetite to self-promote what ever they are bagholders of because they need other fools to buy into it to make them rich. They will then dump as soon as it hits a value they like and the price tanks but hey, who cares because they got out as soon as they could. And that's why most of these coins are basically ponzis (especially with the pre-mined ones). Ripple is far too centralized and not to mention there's billions of them for it ever to be worth a substantial amount but those who created Ripple are the only ones who are going to make it rich here.
Don't panic Bitcoin always be on top. Bitcoin work as the value of the trust to the whole industry of cryptocurrency. Even if it lost not for long time domination position it will recover very fast.
Slowly and minutely but it is. The thing that the ethereum blockchain holds over the bitcoin blockchain is that nothing has been done with the bitcoin blockchain for a while but the ethereum blockchain is constantly being worked on and made better and better with time and there will come a time when bitcoin won't be able to evolve fast enough and keep up and that is when ethereum will take over the lead
During any bull run with bitcoin (and all the altcoins) bitcoin seems to lose a good amount of dominance to other coins. I don't think this is going to be the thing that pushes bitcoin off the edge and has another coin takes the reigns.
It happens all the time, this isn't going to be the end all be all time due to a small loss in dominance (a negligeable amount of 2 percent which isn't going to change anything)
ETH is a good number 2, but that's it.
It happens all the time, this isn't going to be the end all be all time due to a small loss in dominance (a negligeable amount of 2 percent which isn't going to change anything)
ETH is a good number 2, but that's it.
So, what's your opinion about this news?
seems to me to be an opinion of an ETH fan just this
First of all, is it true that Ethereum is slowly creeping to the top and probably dethroning bitcoin?
bitcoin is far away. I do not see some altcoin dethrone bitcoin
Can we see in the future that the face of cryptocurrency is not Bitcoin but will be replaced by Ethereum?
many governments will impose tough laws against ICOs, so you can already imagine what will happen with ETH
yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.
I don't think so, bitcoin will lose its dominance over Ethereum with this kind of levelling. Instead of looking at the weekly or monthly perspective of each coin, look at how the coin would behave in a long run? bitcoin was created first and we have seen it's legacy through the years where we rode it to the moon ? Ethereum can surpass the bitcoin if it can withstand the ups and downs on the market.Well i think btc will eventually lose most of it's dominance either to eth or to the whole market. It's inevitable but we're looking probably years for that to happen. I think bitcoin is safely at the top at least for 3-5 years unless something drastic happens
This is something unexpected, it is already explained by dev ethereum that ethereum will replace bitcoin. I myself do not believe all this can happen maybe thanks to the efforts of the ethereum team itself. but I think etheureum remains ethereum and bitcoin remains a bitcoin meaning bitcoin will remain its father the coin will not be able to replace it, because it can not be denied
yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.
I don't think so, bitcoin will lose its dominance over Ethereum with this kind of levelling. Instead of looking at the weekly or monthly perspective of each coin, look at how the coin would behave in a long run? bitcoin was created first and we have seen it's legacy through the years where we rode it to the moon ? Ethereum can surpass the bitcoin if it can withstand the ups and downs on the market. Dont you know how to check market cap?bitcoin holds 37.2% of market share and thats a rise of 1.2% from 36% last quarter.so where did the cnn get their percentage?
No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here
No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here
Agreed. Whatever negative news against Bitcoin can't stop me to continue investing. For me Bitcoin still dominate in the crypto world.
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