Can Ethereum Flip Bitcoin in Future? - page 4.

Abiky

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Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

He sure has faith in ETH. But you and I know that will NEVER happen. Especially when Bitcoin has first-mover advantage. Besides, how can a centralized "shitcoin" replace a decentralized project? Yes, ETH has been compromised ever since it made the switch to PoS. Whales and big exchanges now control it. With the approval of spot ETFs, it's even worse. In the case of Bitcoin, institutional investment firms have been trying to accumulate most of the circulating supply. But they will never be able to influence the future direction of the Blockchain, as consensus lies in the hands of miners and nodes themselves. You can thank classical Nakamoto consensus (aka as PoW) for this.

I believe ETH will stay the second-largest cryptocurrency by market cap for as long as it exists. Why focus on replacing or "flipping" Bitcoin? ETH can become a viable alternative to those who need it the most. It can achieve success as Bitcoin's "sidekick". Hopefully, Ethereum goes back to its roots of decentralization soon. Cheesy

FortuneFollower

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Quote from: Akbarkoe on September 01, 2024, 03:32:10 PM

Quote from: wheelz1200 on August 31, 2024, 01:49:41 PM

Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

It's not flipping the unit price really. It's more flipping the market cap, ypu have to talk apples to apples here. If eth gets up to the same coin price as bitcoin it will have well flipped bitcoin at that point. Can it happen sure I guess nothing is forever. But I think bitcoin still runs things and will for a very long time to come.

If we talk about price then I think it will not exceed the price of bitcoin, in this case we need to talk about supply, bitcoin has a maximum supply of 21 million while Ethereum does not have that and can still increase the supply of coins to the market.

I also believe that bitcoin will be much more widespread in the future especially if there are currently developments on the bitcoin network, this shows that it is likely that Bitcoin will continue to be above ETH.

Only time will tell, however, ETH and it's guard of L2's have more in terms of different usages, in my opinion. You hear more about them than BTC, BTC is for storing the value going into the long-term, knowing fully well that you are protected by encryption, POW, and limited supply, that said BTC is the biggest of them all on the market.

betswift

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Quote from: NicNacCoin on September 02, 2024, 06:10:19 PM

Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

I am not very supportive of Ethereum colliding with Bitcoin. Bitcoin is the most popular cryptocurrency people support Bitcoin the most but Ethereum is much more popular. But that doesn't mean Ethereum will overtake Bitcoin. If Bitcoin is close to 60k then Ethereum is only around $2500 right now so you can assume that Ethereum will not overtake Bitcoin. Whatever you say I never believe that Bitcoin will take over and overtake Bitcoin. But I can say that if bitcoin is around $60k right now then ethereum should be at least around $5000.

And we come to the "overtaking" term again - overtaken by price or FDV or volume? Grin

Anyways, I think BTC will remain the king on the high hill.

NicNacCoin

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Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

I am not very supportive of Ethereum colliding with Bitcoin. Bitcoin is the most popular cryptocurrency people support Bitcoin the most but Ethereum is much more popular. But that doesn't mean Ethereum will overtake Bitcoin. If Bitcoin is close to 60k then Ethereum is only around $2500 right now so you can assume that Ethereum will not overtake Bitcoin. Whatever you say I never believe that Bitcoin will take over and overtake Bitcoin. But I can say that if bitcoin is around $60k right now then ethereum should be at least around $5000.

betswift

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Quote from: Akbarkoe on September 01, 2024, 03:32:10 PM

Quote from: wheelz1200 on August 31, 2024, 01:49:41 PM

Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

It's not flipping the unit price really. It's more flipping the market cap, ypu have to talk apples to apples here. If eth gets up to the same coin price as bitcoin it will have well flipped bitcoin at that point. Can it happen sure I guess nothing is forever. But I think bitcoin still runs things and will for a very long time to come.

If we talk about price then I think it will not exceed the price of bitcoin, in this case we need to talk about supply, bitcoin has a maximum supply of 21 million while Ethereum does not have that and can still increase the supply of coins to the market.

I also believe that bitcoin will be much more widespread in the future especially if there are currently developments on the bitcoin network, this shows that it is likely that Bitcoin will continue to be above ETH.

Yep, the cap and adoption of a coin far and wide are essential to its future, both in the crypto world and other places alike. Currently, the cap of BTC is around 1 Trillion dollars, whereas ETH is $300k, which is like 1/3 of it Grin

Akbarkoe

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Quote from: wheelz1200 on August 31, 2024, 01:49:41 PM

Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

It's not flipping the unit price really. It's more flipping the market cap, ypu have to talk apples to apples here. If eth gets up to the same coin price as bitcoin it will have well flipped bitcoin at that point. Can it happen sure I guess nothing is forever. But I think bitcoin still runs things and will for a very long time to come.

If we talk about price then I think it will not exceed the price of bitcoin, in this case we need to talk about supply, bitcoin has a maximum supply of 21 million while Ethereum does not have that and can still increase the supply of coins to the market.

I also believe that bitcoin will be much more widespread in the future especially if there are currently developments on the bitcoin network, this shows that it is likely that Bitcoin will continue to be above ETH.

X-ray

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Quote from: DeathAngel on August 28, 2024, 04:15:24 PM

Ethereum is never going to flip Bitcoin in my opinion. Ethereum is still a great investment but it just will not flip Bitcoin, it lacks in scarcity, trustworthiness, it’s centralised in the sense that Vitalik can rug pull whenever he wants. There is no way I will never rotate my Bitcoin into Ethereum. Bitcoin is the King of crypto.

to be fair, since BTC is capped at 21b and there's allegedly many bitcoin lost in some wallet can't be retrieved maybe at some point ETH could overtake the market cap of BTC but we can't deny the fact that ETH is not safe either, it's an altcoin and being altcoin it means it can be replaced by other altcoin with newer technology, the one benefit that people get from using ETH is the smart contract capabilities but we all know that ETH is lacking in the aspect of scalability and having upperhand in technology could also mean it will eventually be obsolete in the future since there are many blockchains that are new and quite popular while also having significantly better scalability compared to ETH due to being released later.

ETH has the risk of losing its 2nd place and maybe it could lose its 2nd place position before it could even overtake BTC.

wheelz1200

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Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

It's not flipping the unit price really. It's more flipping the market cap, ypu have to talk apples to apples here. If eth gets up to the same coin price as bitcoin it will have well flipped bitcoin at that point. Can it happen sure I guess nothing is forever. But I think bitcoin still runs things and will for a very long time to come.

phantailaptopbl

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Ethereum doesn't have such qualities. While it is valid there are extremely gifted engineers working on their ventures installed on Ethereum, most of people in general on web actually appears to favor unified benefits and are not acquainted with taking care of their own confidential keys. That shows that enormous assets and customary financial backers are not excessively inspired by ETH over bitcoin as of now. Moreover, ETH needs to work harder if it needs to supplant the place that BTC is as of now holding.

kbhutto

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Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value. He said that even though BTC has a well-established narrative as "digital gold" that institutions have embraced, he actually believes Ethereum has made the most impact as a blockchain over the past five years. He claims Ethereum remains largely misunderstood by many, and describes Ethereum as the blockchain where the world's most talented developers are building the decentralized internet.

May be a tough task beating 60k from below 5k though.

It seems impossible for an altcoin to compete with bitcoin. It sounds strange, but you have to remember that in the world of cryptocurrency, nothing is impossible. Ethereum still has a long way to go if it wants to compete with Bitcoin. Bitcoin's popularity is already high, making it the parent of altcoins. After several halvings, Ethereum still remains below Bitcoin because it is closely related to Bitcoin, the price of Bitcoin rises, so Ethereum also rises, it's hard to think ETH will rival bitcoin do future.

betswift

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Quote from: Troytech on August 29, 2024, 04:05:26 PM

Quote from: Dr.Bitcoin_Strange on August 24, 2024, 02:01:02 PM

There's a saying that nothing is impossible when it come to price volatility of crypto currency. That's only true to some extent, I really doubt that Ethereum can be able surpass Bitcoin any day in the future, that will be impossible because Bitcoin is not a POS token Ethereum and apart from that, there are so many factors that is known to make Bitcoin keep surging high every bull market.

This is impossible right now, not even i the next decades. If you think Ethereum have the potential to fil Bitcoin in the future then it needs to have what it takes to do so. Which obviously we are not seing anything in the network that we can compare to what Bitcoin is doing. As a matter of fact Ethereum dont need to have the same potential they need more than enough potential to Flip Bitcoin that is the only way this can be possible.

However, i am not against you with the phrase anything is possible. But there are some things that can be possible unless there is a probability that it can be possible, right now Ethereum dont have what it takes.

Nailing it. Not in our lifetime, in short Grin

Troytech

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Quote from: Dr.Bitcoin_Strange on August 24, 2024, 02:01:02 PM

There's a saying that nothing is impossible when it come to price volatility of crypto currency. That's only true to some extent, I really doubt that Ethereum can be able surpass Bitcoin any day in the future, that will be impossible because Bitcoin is not a POS token Ethereum and apart from that, there are so many factors that is known to make Bitcoin keep surging high every bull market.

This is impossible right now, not even i the next decades. If you think Ethereum have the potential to fil Bitcoin in the future then it needs to have what it takes to do so. Which obviously we are not seing anything in the network that we can compare to what Bitcoin is doing. As a matter of fact Ethereum dont need to have the same potential they need more than enough potential to Flip Bitcoin that is the only way this can be possible.

However, i am not against you with the phrase anything is possible. But there are some things that can be possible unless there is a probability that it can be possible, right now Ethereum dont have what it takes.

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Quote from: kotajikikox on August 29, 2024, 01:43:37 AM

Quote from: Stalker22 on August 24, 2024, 03:49:30 PM

Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value.
~

He was talking about market cap, not the actual value. Market cap is how you calculate a crypto's total worth - you take the number of coins out there and multiply by the price. For Bitcoin there is a limit because the supply dont go up. But Ethereum dont have a hard cap so in theory the market cap can keep climbing infinitely if if they keep minting new tokens and the price goes high enough. And dont mean it will happen, but this doesnt mean that ETH will become more valuable than Bitcoin.

thats it , when you talk about market capitalization it is indeed that there might be possibilities but about the totality ? not sure if this will ever happen because before bitcoin fall such then Ethereum will be the first to drop followed by altcoins so bitcoin will never be overtaken by ETH , not in our lifetime .

A good summary of it would be "not in our lifetime", indeed Grin

There should be some kind of innovation that would push the boundaries so much that something like that would happen, and it doesn't seem to be like that at the moment, or the goal of ETH in general.

kotajikikox

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Quote from: Stalker22 on August 24, 2024, 03:49:30 PM

Quote from: ContentWriter on August 24, 2024, 04:34:37 AM

This guy thinks so...

Nick Tomaino, founder of 1confirmation, said he is sure that ETH will eventually surpass BTC in value.
~

He was talking about market cap, not the actual value. Market cap is how you calculate a crypto's total worth - you take the number of coins out there and multiply by the price. For Bitcoin there is a limit because the supply dont go up. But Ethereum dont have a hard cap so in theory the market cap can keep climbing infinitely if if they keep minting new tokens and the price goes high enough. And dont mean it will happen, but this doesnt mean that ETH will become more valuable than Bitcoin.

thats it , when you talk about market capitalization it is indeed that there might be possibilities but about the totality ? not sure if this will ever happen because before bitcoin fall such then Ethereum will be the first to drop followed by altcoins so bitcoin will never be overtaken by ETH , not in our lifetime .

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Ethereum is never going to flip Bitcoin in my opinion. Ethereum is still a great investment but it just will not flip Bitcoin, it lacks in scarcity, trustworthiness, it’s centralised in the sense that Vitalik can rug pull whenever he wants. There is no way I will never rotate my Bitcoin into Ethereum. Bitcoin is the King of crypto.

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Quote from: rhodelmabanal on August 26, 2024, 12:21:21 AM

For now i don't think that eth will flip the btc, no record in the history of ethereum that is surpass the bitcoin price, but we don't know what will happen in the future in the next 10 to 20 years from now there is always a possibility, crypto is full of surprises its price and status will always change.

No one can predict with certainty what will happen in the future, and I agree with that. However, looking at the history of ETH and Bitcoin, it doesn't seem likely that ETH will surpass Bitcoin. ETH has never reached the heights that Bitcoin has, and when Bitcoin falls, Ethereum falls even more sharply compared to other altcoins. So, I don't think it's likely that Ethereum will ever surpass Bitcoin.

As you said, the crypto market is constantly changing, and there's no denying that the crypto market has always been surprising. It's also possible that the coins we're talking negatively about today or don't expect to make a profit in the future may surpass everyone's expectations. Only time will tell, and we can only say what we feel or what we see happening.

Things might be different in the future, but for now, it doesn't seem that ETH has the power to surpass Bitcoin in anything.

GamblingWorld

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If the question is related to Market Cap, then sure! If it is related to a comparison between the two, then the question makes little sense.

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Quote from: Sebas.tian on August 25, 2024, 04:11:58 AM

I don't think Ethereum will overture Bitcoin in this community, because the team behind Bitcoin are still more stronger than Ethereum.

What do the 'Teams' behind Bitcoin or Ethereum have to do with the way these two Cryptocurrencies succeed or fail? It is not a competition of the Teams but simply the way these Cryptocurrencies work. Bitcoin has been the first, over 99 percent of the rest are clones of it that fail to get even 1 percent of what Bitcoin showed it is capable of.

Quote from: Sebas.tian on August 25, 2024, 04:11:58 AM

It has made many cryptocurrency investors millionaires in this community

Like who? The 3 people you see on Twitter bragging about their Wealth? The DOZENS OF THOUSANDS of people you see on Twitter crying out loud about losing Money on their B S 'Investments'? Or the people who pretend they are Rich and know it all just so they can end up selling a course for 499.99 Dollars teaching you things you can learn for free from the most easily accessible Internet Search results?

Quote from: Sebas.tian on August 25, 2024, 04:11:58 AM

There is positive impact from Ethereum compared to other cryptocurrencies in the market, because whenever the price of Ethereum is increasing in the market, other cryptocurrencies price will begin to increase also to allow their investors to achieve income from the market.

So the only positive impact from Ethereum is that it is a highly speculative Asset that brings some Money to a few people? This is it?

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Quote from: PrivacyG on August 24, 2024, 03:04:59 PM

How has Ethereum had the biggest impact? Is it the Scams? Is it all the Shit Coins that still exist on it? Is it the Centralization, the move to Proof of Stake? Where is the impact?

I can not deny that it is a powerful Cryptocurrency but it had no positive impact on the Market other than that it brought a LOT of people to Cryptocurrencies. But even this is not positive either, because most of them ended up losing their Life Savings or getting Scammed.

No, Ethereum will not overturn Bitcoin.

I think its power won't be possible if without the support of the public. I'm talking about funds here or demand. So, don't say that it doesn't have any contributions or positive impact in the crypto market.

Maybe if it was only just an ordinary coin or a shit coin yes because they can only come and go but we are talking about ETH here man. ETH has the ability to create a smart contract, so if someone wants to interact on those projects under ETH, they will also need to buy ETH. You even said that ETH bought a lot of people in the crypto world but isn't that a kind of positive impact? And may I know if what is your definition of positive impact? For those people who lost their life savings or got scammed.

It is clearly their fault already and not ETH because again, ETH is not just an any other crypto. This is what we are always telling to people that they should not rush. It was greed that got them but that should have teach them an expensive lesson. I just hope they can bounce back and become more knowledgeable and stronger individuals next time. I can only agree on the last thing that you said. Despite of what I said earlier, I also believe that BTC will still remain to be the king of the crypto market.

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For now i don't think that eth will flip the btc, no record in the history of ethereum that is surpass the bitcoin price, but we don't know what will happen in the future in the next 10 to 20 years from now there is always a possibility, crypto is full of surprises its price and status will always change.

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