Topic: Eth could take over BTC or not (Read 1098 times)
ETH has great potential to defeat Bitcoin, the fact in the market since the last 5 years is the Bitcoin marketcap has continued to decline, and for the current daily transactions also decline and only the difference with ETH, this proves that one day it will defeat Bitcoin.
It's very difficult for any coins to take over BTC. If you check BTC section you will see how secure and Decentralized Bitcoin as. This merge will not make big Change in gas price. We should not big expect yet untill it went smoothly. Many projects like Cosmos already POS but we have not seen big change in price .
We know very well that Ethereum don't have any competition with bitcoin because right from time what we know is Bitcoin not an Ethereum because when looking at this you will notice that Satoshi Nakamoto what it introduce is Bitcoin and ethereum technology now follow the steps of Bitcoin and looking at it you know that Ethereum can not take over Bitcoin because bitcoin is genesis or the beginning of any other coins
If Ethereum is doing well and the value is higher than the one of Bitcoin that means is doing good than of bitcoin, any coin is allowed to progress more than another coin because they is every thing to show that coin is competition, and again people may like investing in Ethereum than Bitcoin because of the mining strength of bitcoin has being reduced Despite all the improvements and the transition to pos le fee finally in the eth standard in my opinion it will never be able to outclass btc which will remain firmly in first place
There have been updates, developments, and many factors that affect the value of Ethereum but Bitcoin remained on top simply because it is the most trusted coin of all time. Ethereum will only be next to it and I don't think it will ever replace or surpass Bitcoin's potential. Ethereum still needs to reach the achievements of Bitcoin before it could reach the same spot.
We know very well that Ethereum don't have any competition with bitcoin because right from time what we know is Bitcoin not an Ethereum because when looking at this you will notice that Satoshi Nakamoto what it introduce is Bitcoin and ethereum technology now follow the steps of Bitcoin and looking at it you know that Ethereum can not take over Bitcoin because bitcoin is genesis or the beginning of any other coins
in the process of changing to ethereum 2.0 I think ethereum needs a long adjustment. we don't know until when it will be stable again after that we will get optimal results if ethereum has succeeded with the adjustment. compared to bitcoin, ethereum is much more useful in my opinion. bitcoin is only strong because of trust and history.
With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
maybe some time ago Ethereum has fixed the transaction fees are too high which makes users nervous, but that doesn't mean Ethereum can overtake Bitcoin, so I think your thinking is too narrow if you think that ethereum will overtake bitcoin, because we all know that bitcoin is the best Coin of all time and no one can take its place.
I think ETH has great potential to become king by beating bitcoin, the marketcap difference is only about 40% and if ETH can go up 80% it will beat bitcoin, anything can happen and I think by beating bitcoin then this is a positive indication for the market .
I hope it is found reasonable but guess what, it is never enough. The market cap itself doesn't recognize who is more potential and who is not. I suggest for you not just look at the market cap but instead, look outside as we are not talking about numbers, we also have talked about the significant use of the project and its benefits to the community. As we can see, Bitcoin dominates the market and that was because many people support this over the others. 
I think converting Ethereum PoW to PoS will not work well for the future, because we know that Ethereum can be priced at $1000 like it is now because Ethereum is a lot of people like it,
one of the advantages of Ethereum is mining and it is already being mined all over the world,
if Ethereum switch to PoS, then what happens to the miners?
When Ethereum has switched to PoS, miners will of course turn away from ethereum because they will not get rewarded like before and since the news of switching PoW network to PoS circulating now ethereum miners have switched to other coins like with ETC coins and will indirectly make Ethereum classic coin is more valuable because miners keep coming to mine with them. one of the advantages of Ethereum is mining and it is already being mined all over the world,
if Ethereum switch to PoS, then what happens to the miners?
I think ETH has great potential to become king by beating bitcoin, the marketcap difference is only about 40% and if ETH can go up 80% it will beat bitcoin, anything can happen and I think by beating bitcoin then this is a positive indication for the market .
I hope it is found reasonable but guess what, it is never enough. The market cap itself doesn't recognize who is more potential and who is not. I suggest for you not just look at the market cap but instead, look outside as we are not talking about numbers, we also have talked about the significant use of the project and its benefits to the community. As we can see, Bitcoin dominates the market and that was because many people support this over the others. 
I think ETH has great potential to become king by beating bitcoin, the marketcap difference is only about 40% and if ETH can go up 80% it will beat bitcoin, anything can happen and I think by beating bitcoin then this is a positive indication for the market .
But how does Ethereum beat bitcoin? Currently, the market capitalization of bitcoin is almost twice that of ethereum and accounts for more than 40% of the total market capitalization, if you think ethereum is up to 80% then bitcoin will stand still for it to pass. And how does ETH go up while bitcoin doesn't, once bitcoin doesn't go up no altcoin can go up?
To be honest, BTC is so strong that no one can beat it, it remains the most popular and in demand coin in the market, keeping it at the top. Once the market crashed, everyone chose bitcoin as the safest haven, showing that it was the most reliable in the market.
When it comes to cryptocurrencies, people immediately think of a decentralized system with high security and no other coin can meet that need but bitcoin. All altcoins are centralized it is not completely decentralized like bitcoin, so bitcoin is always the first safe choice for investors and target users.
I think ETH has great potential to become king by beating bitcoin, the marketcap difference is only about 40% and if ETH can go up 80% it will beat bitcoin, anything can happen and I think by beating bitcoin then this is a positive indication for the market .
do not expect such a impossible thing to happened. because bitcoin and Ethereum has fully different kind of usercases and goals. and the main thing you must always remember is bitcoin is the king and it owns nearly 50% of amount of total crypto market cap. And also there are no confirmed information that Ethereum merge will reduce the gas fees. Ethereum foundation has revealed recently Ethereum merge Wont reduce gas fees and the main goal of this merge is not reducing gas fees . maybe Ethereum will go to $20000 or $30000 . but bitcoin will be at least $200000 By that time.
If we look at Bitcoin which has always dominated the market since the beginning, and there is no single project that can replace Bitcoin until now.
I agree that Ethereum is unlikely to take over Bitcoin, even though the Ethereum teams were able to overcome the problem of gas fees it was
impossible to beat Bitcoin. Because as the first coins to enter the market, Bitcoin is already too strong to beat. So it is not surprising that altcoins
often follow the movement of Bitcoin. The comparison of Bitcoin and Ethereum prices is quite far, because after all the demand for Bitcoin will
always be higher than Ethereum. Not only Ethereum, there have been many projects created to beat Bitcoin, but all of them ended in failure.
So if someone invests in crypto and doesn't include Bitcoin in their portfolio list, it's a big mistake. Because after all Bitcoin is the best crypto and
we should not miss investing in Bitcoin.
I personally think. ETH will not be able to overtake bitcoin. at least for now. but we certainly don't know in the future. and it looks like the current increase in the price of ETH looks like the usual hype in general. because before the merge event. but ETH seems to have a lot of support from the government even if we type ETH in the google search field. then a countdown will appear to the merge. which means Google recognizes ETH.
My question is, does Ethereum already have a system that is owned by Bitcoin and can surpass what bitcoin has done from the beginning to its emergence, if indeed Ethereum has all the systems owned by bitcoin then it is unlikely that will happen, even though bitcoin is everyone's dream , that does not mean bitcoin can be replaced just like that, that bitcoin is the strongest digital currency from year to year, even until now no one has replaced it..
With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
No one will think about eth to take over btc lets take a look back on the price of eth and btc its been a long time and never in the history record that eth take over BTC price the coin has its own function and use case they are both a good coin but i always prefer on investing btc than eth even in a future i still believe that btc is still the number one coin in crypto.
do not expect such a impossible thing to happened. because bitcoin and Ethereum has fully different kind of usercases and goals. and the main thing you must always remember is bitcoin is the king and it owns nearly 50% of amount of total crypto market cap. And also there are no confirmed information that Ethereum merge will reduce the gas fees. Ethereum foundation has revealed recently Ethereum merge Wont reduce gas fees and the main goal of this merge is not reducing gas fees . maybe Ethereum will go to $20000 or $30000 . but bitcoin will be at least $200000 By that time.
PoS just exists today because PoW consumes a lot of energy. If you read technically, PoW is way superior than PoS. I believe PoS is just some kind of remedy to the 'energy disease'. Quantum computers are coming to stay in a close future, and this energy issue will be fixed. But OFC the market is not rational. I believe, in a long term, ETH will be merged to ashes.
it could be, especially if the ethereum supply will be limited on the new ethereum. the price will also be high with existing users, even in terms of utility ethereum is better than bitcoin, but they still like bitcoin mainly because of the fixed supply and purchases from many communities. if ethereum had at least the same supply, there would probably be great price resistance between the two.
Despite all the improvements and the transition to pos le fee finally in the eth standard in my opinion it will never be able to outclass btc which will remain firmly in first place
Jump to: