ETH could take over. - page 3. | Bitcointalksearch.org

Tony116

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Quote from: shinratensei_ on August 10, 2022, 04:43:52 PM

Quote from: inanilujimi on August 10, 2022, 03:38:07 AM

I personally believe anything can happen in the crypto market, but for now it's still not strong enough in my opinion that ETH can take over the market, although there is now an update on POS.
Bitcoin is still a solid leader in its place.

so far ETH market capitalization is already big enough that it could quite literally take over btc in the future bullrun if it could somehow increase its market capitalization better than btc and that's true there's a big chance for ETH.
Regardless though we should also take into calculation the other similar coin like BNB that could eats ETH market capitalization if it has massive rally somehow moreover btc usually increase its dominance at every rally.
there is definitely chance for ETH though it's uncertain considering market capitalization always fluctuates.

How?, check on CMC, the capitalization of bitcoin is twice the capitalization of ethereum. You might think that ethereum will rise and grow and bitcoin will stand still for eth to take its place. While bitcoin is still dominating the entire market, I don't believe a single coin will perform well if bitcoin drops in price. The merge event will make a strong rally for ETH but will it last if bitcoin goes against it?

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

Am I the only one seeing that ETH is decoupling from BTC?

what do you mean by ETH decoupling from BTC ?
what i see is they have different networks and ethereum will still be the 2nd best coin after bitcoin.

Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

If this happens and Ethereum becomes a better target for institutional then it is finished

indeed at this time ethereum is the best choice for long-term investment after bitcoin. for me there is nothing better than bitcoin and ethereum will never replace bitcoin

Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

that's right. because some altcoins stand on the ethereum network so almost all altcoins depend on the price of ethereum. because ethereum is the boss of altcoins and ETH will depend on bitcoin. because bitcoin is the boss of all coins

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What does it mean by "it's finished"? Look carefully at the market it's the same thing. Ethereum may have been increasing at its own phase like what you are saying but that's because of the trend that is happening which is the merge. But, next to it is also Bitcoin pulling up which provides the image that Ethereum does it all.
It's not different from altcoins that pump whenever they are discussed a lot of times on social media. Same scenario.

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Quote from: Dave1 on August 10, 2022, 09:51:20 PM

Quote from: ?? on ??

August ETH looks very promising, early august when I bought ETH the price was around $1700 and the current price is around $1880, I hope ETH will return to the level of $2500 soon and this year can reach at least $3000. if ETH goes up, the ERC20 token will automatically go up, and this is what I'm really waiting for.

And yet you didn't put argument that ETH could take over BTC because this is what the OP is trying to say?

Majority knows that it will take a lot of money to go into the ETH market, and it's going to be very hard for now. So I would say that there is no way, or impossible for ETH to simply overtake the dominance of BTC. It's better for ET to just remain the top altcoin and we should leave it like that and abstain from thinking it will happen unless we are really very close to it. Right now it's not even 50% happening, in my opinion.

Yes, it is easy to speculate, but if you don't believe in it, it is difficult to get to the goal. It is easy to be happy when they bring profits, but the opposite is the same. With what has been happening with ETH over the years, we have seen very positive changes, and I think there is a high chance that in the future, its position will still be consolidated and generate great buzz. I also just saw the announcement of the POS testnet from ETH, one of the positive moves in its own right, and indeed, I have absolute confidence in it, second only to BTC in this market..

Dave1

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Quote from: ?? on ??

August ETH looks very promising, early august when I bought ETH the price was around $1700 and the current price is around $1880, I hope ETH will return to the level of $2500 soon and this year can reach at least $3000. if ETH goes up, the ERC20 token will automatically go up, and this is what I'm really waiting for.

And yet you didn't put argument that ETH could take over BTC because this is what the OP is trying to say?

Majority knows that it will take a lot of money to go into the ETH market, and it's going to be very hard for now. So I would say that there is no way, or impossible for ETH to simply overtake the dominance of BTC. It's better for ET to just remain the top altcoin and we should leave it like that and abstain from thinking it will happen unless we are really very close to it. Right now it's not even 50% happening, in my opinion.

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

"IF" means it is unlikely possible. Actually, I don't see any instances that ETH will surpass Bitcoin. Perhaps you are right that the entire market is depending on Bitcoin which means that ETH still follows Bitcoin. Clearly, we have to understand that Bitcoin still dominating the crypto market, despite seeing that ETH pumps but never means that it already had passed Bitcoin for this is not going to happen for long, it changes eventually after a few days or just hours.

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Quote from: Psynthax on August 10, 2022, 05:34:25 PM

Quote from: Coyster on August 10, 2022, 04:51:17 PM

You aren't the only one seeing this mate, as a matter of fact quite a lot of people saw the same thing years ago, they called it " The Bitcoin killer", what they saw and said then was that in a few years Eth will be better than Bitcoin in every respect, a few years came and went, but still there was no sign of their prediction coming into fruition; what you are seeing is very common, the only thing is that it can never come to fruition.

this is true, for eth that was being called btc killer it really hasn't come into fruition ever since really long, even with the migration and the massive trends like NFTs recently it still couldn't over take btc moreover btc instead increasing its dominance in every bullrun.
I'm sure once the bullrun comes again market capitalization of btc will increase again.

It's too difficult for Ethereum to beat Bitcoin, because whatever Ethereum has done it always fails to end Bitcoin's dominance. In the end,
Ethereum had to settle for always being second, because it was impossible to beat Bitcoin. After all Bitcoin was the first crypto coin and
has a very high popularity, so Bitcoin will always be the choice of many investors. What you say is true, when the bull market comes
the market capitalization of Bitcoin will increase even more, we can learn from the history of Bitcoin movement. Therefore we buy Bitcoin
at any price can make a profit, because Bitcoin is indeed the best crypto coin and too difficult to replace.

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

You have to give us data and chart, not your speculation, its market dominance is growing or going up and there will be changes on Ethereum coming but at this point its still speculation until we've seen them in full POS and they fix their price we'll see if they are decoupling from BTC and can stand on their own, the market still depends on the strength of Bitcoin and will continue to be so, but we'll never know in the future if one coin/token can do that its Ethereum.

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Quote from: Tomohisa on August 10, 2022, 11:47:52 AM

Yes, the flippening is real. ETH going to overtake BTC in marketcap. Come on, it's too soon for ETH to x2 its total marketcap (220 billion vs BTC 450 billion) and took over the no.1 spot of BTC. Sure the hype over ETH PoS is very strong but very unpredictable to say ETH could x2 its marketcap and flip BTC just like that.

How could you say that? It's better if you have a link or proof to back it up. I would like to see what is all this commotion about since I've seen different hype of coins before. But I don't think this hype about ETH if are different from the past, it seems like just the same as it is because they just want to try to pump the market back even though it's clearly a bear market so that they could gather more investors.

It's the people's job to do their own research if they want to risk something since it is how risky it is when you join the crypto market.

Psynthax

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Quote from: Coyster on August 10, 2022, 04:51:17 PM

You aren't the only one seeing this mate, as a matter of fact quite a lot of people saw the same thing years ago, they called it " The Bitcoin killer", what they saw and said then was that in a few years Eth will be better than Bitcoin in every respect, a few years came and went, but still there was no sign of their prediction coming into fruition; what you are seeing is very common, the only thing is that it can never come to fruition.

this is true, for eth that was being called btc killer it really hasn't come into fruition ever since really long, even with the migration and the massive trends like NFTs recently it still couldn't over take btc moreover btc instead increasing its dominance in every bullrun.
I'm sure once the bullrun comes again market capitalization of btc will increase again.

Coyster

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

You aren't the only one seeing this mate, as a matter of fact quite a lot of people saw the same thing years ago, they called it " The Bitcoin killer", what they saw and said then was that in a few years Eth will be better than Bitcoin in every respect, a few years came and went, but still there was no sign of their prediction coming into fruition; what you are seeing is very common, the only thing is that it can never come to fruition.

Russlenat

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

I don’t see it happening at the moment. Though ethereum is set to create better improvements for its own network, but that won’t guarantee that it can already overtake bitcoin’s domination. Bitcoin will always be the future of the market. If ethereum becomes a good choice for institutional investments, that won’t change the fact that bitcoin still remains the most favorite and most profitable asset in the crypto market.

shinratensei_

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Quote from: inanilujimi on August 10, 2022, 03:38:07 AM

I personally believe anything can happen in the crypto market, but for now it's still not strong enough in my opinion that ETH can take over the market, although there is now an update on POS.
Bitcoin is still a solid leader in its place.

so far ETH market capitalization is already big enough that it could quite literally take over btc in the future bullrun if it could somehow increase its market capitalization better than btc and that's true there's a big chance for ETH.
Regardless though we should also take into calculation the other similar coin like BNB that could eats ETH market capitalization if it has massive rally somehow moreover btc usually increase its dominance at every rally.
there is definitely chance for ETH though it's uncertain considering market capitalization always fluctuates.

Detritus

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It is believed that Bitcoin has a Max supply of 21,000,000 while according to the recent article I read (https://www.gfinityesports.com/cryptocurrency/does-ethereum-have-a-cap-max-cap-total-supply-future-limits-eip-1559-bitcoin-ether/) Ethereum has 119.58 Million in circulation as at July 2022. I don't believe Ethereum can compete with Bitcoin. It's true that many Altcoins depends on Ethereum. The issue of gas fee in the past months on the Ethereum network made some Altcoins projects bridge to other network, Ethereum has hold lot of altcoins since it's development in 2015. I believe is going to be chose over other network but Ethereum is no match for Bitcoin.

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

Am I the only one seeing that ETH is decoupling from BTC? If this happens and Ethereum becomes a better target for institutional then it is finished, many altcoins depends on Ethereum but the whole market depends on BTC, what do you think will happen

Ethereum lovers have argued for a long time that ethereum will one day replace bitcoin at the top so in a way what you are thinking is not really that surprising, however I do not believe such a thing is ever going to happen, ethereum is a good coin but it simply does not have what it is necessary to surpass bitcoin at all, this market was created by Satoshi and the first mover advantage bitcoin has over all other projects is not something which can be overcome that easily, so I would suggest you drop your expectations as otherwise you will be severely disappointed when this does not happen in the future.

Victorik

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I am sure you are alone on this line of thought. I honestly do not see this happening. Granted, ETH is a huge project with a very great future, but it can't be compared with BTC.
So, no way I am seeing ETH topple BTC.

Tomohisa

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Yes, the flippening is real. ETH going to overtake BTC in marketcap. Come on, it's too soon for ETH to x2 its total marketcap (220 billion vs BTC 450 billion) and took over the no.1 spot of BTC. Sure the hype over ETH PoS is very strong but very unpredictable to say ETH could x2 its marketcap and flip BTC just like that.

isaac_clarke22

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Quote from: 5W-KILO on August 09, 2022, 09:16:13 AM

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I have not seen the "decoupling" just yet. We cannot compare these two anyway. If there were no rankings in CMC, people might stop doing comparison between the two in terms of anything (e.g price, market cap, etc.)
I had seen these similar discussion already since 2017, so maybe I already found out my answer from that 5 years, lol.

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Not quite, Ethereum is not separated from Bitcoin as is the case with all other coins, the dominance of Bitcoin is what controls the crypto market, but it often happens that the movement of Ethereum is the leader of the movement of Altcoin in general, when Ethereum starts moving, Altcoin follows, so You might think there could be a break with Bitcoin but that's wrong.

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I actually don't see the same thing. Bitcoin will always dominate the market and it will be hard for Ethereum to take over the lead. There's a huge gap on the value of the two coins. It's been actually years that others have been saying that Ethereum could replace Bitcoin but it didn't happen. Bitcoin will always be on top simply because it's the most trusted coin of all time. Ethereum could follow Bitcoin's path yet it will take time for it to reach the same achievements that Bitcoin had.

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