Topic: Can Ethereum Flip Bitcoin in Future? - page 2. (Read 928 times)

One of the main disadvatange or i could say the main problem with Eth or Erc20 is about into its high gas fees and its undeniable that even tot those ETH lovers or holders out there
will really be having that same complaint or problem on dealing up with this coin or project but still it do managed to sit on next to Bitcoin. Speaking about flipping then there's no way that we could really be able to
tell on what would happen in the future and this is where it would be depending on the community support and demand if we do speak about flippening into those projects above on which its obviously
it do need to overtake Bitcoin and this one isnt something a very easy thing to be done or could happen in a snap.

If you are a solid supporter of ETH then its up to you whether you do hold up for long term or not. We do have our own projects that supporting into but cant be denied that Bitcoin would really be
your main coin thats inside your port and this is something which isnt really that shocking or something that do speaks or talks about having that feel of security at least
but it would really be on your own choice because its your money then its your investment to choose into.

I hope that ETH will overcome its problems and climb on the top victorious.
Otherwise, its place under the sun will be taken from it with time. It may be a year, a decade, or two - but it will happen.

It's great that all of us can pick up from both worlds while investing, there is no rule that a person can only invest in BTC or ETH. Nobody stops you from doing so if you believe in it being successful with time.
But I agree with you - BTC will be considered by the investors more in the first place due to its nature, credibility, and other factors.

Your calculation is not entirely correct if I interpret it correctly "Flippening" refers to the moment when Ethereum's market cap is higher than Bitcoin's, not the price for one unit. The unit price is irrelevant, we could for example also consider the Satoshi "one Bitcoin unit", and that unit is only at $0.0006.

Thus Ethereum needs "only" about 800-900 billion more marketcap to rival Bitcoin's. However, this means approximately that ETH's price would need to quadruple. A bitcoin at $60.000 would be equivalent to approximately an Ethereum at $9500-10000.

This means Ethereum needs a new ATH at more than $4878 (current ATH from 2021) only to approximate half of Bitcoin's market cap, which was close to the maximum ratio in 2018. It looks very far away at this point. In March, ETH was shortly at $4000, when the ETF decision was taken. But since then it only lost compared to Bitcoin.

Of course it is possible, if no one wants to buy BTC anymore and there is only ETH... but, that is impossible because whatever the concept is BTC will always be the King of all coins and the most considered by big investors. Whenever and wherever there is an internet network BTC can be cashed into fiat.

The potential of ETH is also quite good if we want to invest now but until now the thought of crossing BTC someday in the future or now has only crossed our minds.

Yeah, it's unlikely that it will happen during our lifetimes, probably, and there are many things that should be patched out / upgraded for ETH to shine once more, not its L2's that have better conditions for new founders/devs on the market currently.
Much of the info can be brought from the articles in the blog of Vitalik Buterin himself, however, it's a looong debate whether ETH will be able to get the centralization thing off it's name

"Quite cheap"? Comparing it against BTC, then yes, that's true. But I'd say ETH is very overvalued. Especially with inflation built into the protocol. Vitalik and team claim the PoS upgrade made ETH deflationary, but the fact is that there's more ETH being produced than that being burned on the network.

As far as I know, there's no hard cap on ETH's supply. Only the original chain (Ethereum Classic or ETC) has it. So I don't see added scarcity, unlike Bitcoin. It's very unlikely ETH will flip BTC during the remainder of its existence. Who cares? As long as ETH does the job it's supposed to, nothing else matters. Decentralization must win for ETH to live up to its purpose. The question is: How long will it take before ETH's centralization issues go away? Only time will tell.

Yep, and then again - what does it mean to flip it?
If it means by being more innovative and having better ideals, sorta - I don't see it coming.
If we speak about cap, metrics, and funds flowing - don't see it coming too.
It's not bad as an alternative alongside the BTC talking about it as an investment, I support you there.

Everyone is free to have an opinion, I can even say that binance coin can shift bitcoin, but what we have to pay attention to in the field is whether ethereum will have the power to shift bitcoin's dominance at the top? of course that's impossible, bitcoin will always number 21 million while ethereum's supply can continue to be added, this is the big difference between bitcoin and ethereum which of course makes it impossible for bitcoin to be shifted from its current position.

Moreover, if we do a little mathematical calculation, then the matter will appear completely unreal.
For example:
even then there is no maximum supply in etherium let imagine the  120.34 million ETH is the maximum supply on the others hand the current circulating supply of Bitcoin is around 19.72 million.

And if we look the marketcap then Bitcoin market cap is around $1.14 Trillion and the Ethereum marketcap is $275.47 billion source

So if we Imagine that the current bitcoin price to Ethereum then Ethereum market cap will be  6.95 Trillion as their current supply.
And now if Ethereum wants to flip Bitcoin then their market cap needs to be approximately  6.95 Trillion and this is really unreal for me where their current marketcap is only $275.47 billion.

Etherium could be the best altcoin but it couldn't flip the Bitcoin .

Ethereum is and always will be a good Bitcoin alternative but I do not see a reason why it would become more valuable. In fact, ever since eth became pos, I would say it has become a worse alternative to Bitcoin than it used to be.

So no, Ethereum won't flip Bitcoin.

Just read a Coindesk article where analysts argue that Ethereum compared to Bitcoin could fall even lower. ETH/BTC is currently at 0.0395-0.04, and according to the article it could fall to the 0.02 to 0.03 area. Take into account that the ETH/BTC ATH was around 0.08 in 2018, so the ratio has halved since then.

The main reasons according to the article is the preference for Bitcoin since the ETF approvals, and the disappointing performance of Ethereum ETFs which seem to still score net outflows.

Other reasons I have read about in other articles, are the competition of chains like Solana above all in the memecoin market, but also the general dwindling interest in DeFi. Also it seems that transaction fee income for validators is lowering due to L2 competition, which is not bad but may decrease the attractivity of staking.

My point is still: if Ethereum does not really find a "killer application" which really improves people's lives (has to be more than simply speculative DeFi ...) and can't be implemented on Bitcoin, then a "flippening" will very likely be further away each year, and I'm not ruling out that ETH could even fall to #3 or #4. I generally think that Ethereum is one of the better altcoin projects, so I hope it's not overtaken by even more centralized projects like Solana. A completely decentralized #2 like XMR would however be awesome.

I do agree with you, ETH will have its place under the sun if it's going to stay true to innovation, but it will never be the first place.
It may have more use cases and good L2's, but everybody would use BTC for accumulation rather than ETH. It's just the way it is, and it's more stable if we look at it as an investment in the long run.

other scenario would be if there are someone with so many BTC in their wallet lost access to it essentially burning it and making the circulating supply lesser than it was, since BTC is capped at 21 million, meanwhile ETH is uncapped therefore it allow the market cap to keep growing as long as the price stays the same (which is unlikely IMO).

therefore I wouldn't bet on ETH flipping bitcoin market cap, even right now so many bad thing is exposed in ETH further fading its reputation.

the competition for altcoin is tough and I could see there might be some coin that can actually flip ETH instead in the future because ETH lacks big investment from big investor. even the ETF is not looking promising.

Nothing is impossible in crypto world as we have seen a coin which surpassed bitcoin in price but for a shorter period of time. Bitcoin is the Mother currency of all digital currencies so it impossible for any currency to surpass bitcoin in price. Ethereum has potential to reach 10k$ in an year or two but the price of Bitcoin is 20 times of Ethereum. The only way to surpass Bitcoin is bictoin dropped to 3k$ which is impossible.

Can ETH overthrow bitcoin? Maybe. Anything is still possible. But I really don't expect much from it. Why? I still buy and accumulate ETH and when the bullish consolidation of the bitcoin market happens. ETH still makes a big advantage in terms of profit. It is enough for me to hold bitcoin and ETH for a long time. Even hold more ETH because it is still quite cheap at this point.

Maybe. Maybe not. I've seen XRP surpass ETH's market cap in the past. So anything's possible. Would you imagine Solana flipping Ethereum in the future? That would end "Vitalik's Empire" for good. I can't say the same will happen with BTC, because it's the "King of all Crypto". With first-mover advantage, and unmatched security/reliability, BTC simply can't be beat.

Investors better enjoy altcoins while they last. Most of the coins you see now, will cease to exist in the future. Who cares, right? As long as there's money to be made, nothing else matters.

That is true, accumulating more definitely brings in a lot of profit. I think the best thing about crypto is that when you hold bitcoin for a long time, it should be making you a good profit, it shouldn't be that complicated and that is why I like it so much. I understand that it may not feel that way sometimes but that is still true and definitely brings in a great amount of profit.

Sure on bear times people fear that maybe it won't, but the reality is that it will and that's what it matters. I believe that we are going to see this getting to a point where we end up with something that gets a lot better. ETH part is also right, it moves with bitcoin, maybe not exactly, like btc could be up 10% and ETH could be up 11%, like there could be small differences but they move together.

It can't, and it won't, not anytime soon at least. We are talking about a situation where it is not going to bring us any profit at all, it is going to be something that takes time and we shouldn't really worry about it, I believe that we can make it get better with time, we should just consider that it is going to be something that takes a bit of situation.

So, if we could just consider ETH as something that went up because of how much it was used, then it is not used that much anymore at all. Even if you check just gas fee then you could end up with something that explains why it is not as big as it used to be, because back in the day it was used so much that gas fee was super high, even a simple transaction could cost as high as forty dollars, now when you look at it, it becomes clear that it is very cheap and that's mainly because it is not used a lot.

When something is not as much used as it used to be, then it's clear that we are not going to see people buying it at all, and when people are not buying it like they used to, that means it is not going to go high in price neither. This is exactly why I believe that it is not going to go beyond bitcoin, because bitcoin is doing great at the moment and ETH is not.

Holding BTC is essential and whether you leave your bags for the profit in a year or two, or will hold for a year or two more - everybody's decision, really. The reality is you will be getting a better portfolio for yourself if you continue accumulating it.
With ETH - it follows BTC, thus, waves that happen with BTC go a bit harder on ETH graph, but speaking about "flipping" it - not going to happen, in my opinion. BTC is like a bigger brother to ETH.