Eth could take over BTC or not - page 3.

Shasha80

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Quote from: Hypnosis00 on August 16, 2022, 09:21:55 AM

Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

Well, it was good to see how ETH makes such a tremendous price trend nowadays but unfortunately, it was not the thing we consider enough to take over BTC and make the number 1. NO, it was not like that and we know that BTC still dominating the market despite all the dumps, even ETH will have its max supply, high demand, price surge, etc...
We have to accept that ETH remains #2 in the CMC and BTC is on top. Nothing could change of it unless if Bitcoin will die, (but I don't think if there is something left on the market).

It seems that Bitcoin is too strong to beat, so for Ethereum it will never be able to replace Bitcoin. If we compare Bitcoin and Ethereum from marketcap
and trading volume, the difference is very big. So as you said the reality is Ethereum will always be number two and behind Bitcoin. So we can see
Bitcoin always dominates the market, even though it is in a bear market. That's why when we have capital to invest in crypto, always prioritize investing
in Bitcoin. This means that the percentage of investment in Bitcoin should be greater than any altcoins, because Bitcoin is the best cryptocurrency,
then investing in Bitcoin has the least risk compared to investing in altcoins. The opportunity to make a profit from Bitcoin is also very large, as long as
we can be patient holding Bitcoin until the price goes up. In fact, many new projects have been created to replace Bitcoin, but all have ended in failure.

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Quote from: hamba laeh on August 22, 2022, 11:20:52 AM

Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

yes, your expectations are too high because the language you use is not very suitable to be compared between bitcoin and ethereum. Bitcoin and ethereum have their respective advantages but neither of them overtakes or competes with each other. all running according to the network they are using to date. Even though ethreum has now fixed the gas fee issue it doesn't mean it will overtake bitcoin.

it looks like they are in tune with the current state of affairs and it would be unlikely that ethereum could maneuver so as to achieve its goal of getting rid of bitcoin.
I agree with you, my friend above, that the network that has been used by them has clearly provided the best so far, although there may be a change where ethereum starts to cost less but will not be able to overtake bitcoin, because if you look at the market capitalization that has happened, it is clearly already far away different and probably hard to do that.
because until now bitcoin has affected the increase in ethereum and other coins, not the other way around.

Uruhara

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Ethereum can't compete with bitcoin, I can confirm that at this time if the price of bitcoin goes down then the price of ethereum will also go down but if the price of ethereum goes down it certainly has no effect on the price of bitcoin.

and now it is evident that at the moment BTC correction of a few percent. and ETH underwent a much deeper correction. so you are right. ETH will always follow bitcoin. and not vice versa.

hamba laeh

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Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

yes, your expectations are too high because the language you use is not very suitable to be compared between bitcoin and ethereum. Bitcoin and ethereum have their respective advantages but neither of them overtakes or competes with each other. all running according to the network they are using to date. Even though ethreum has now fixed the gas fee issue it doesn't mean it will overtake bitcoin.

Hypnosis00

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Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

Well, it was good to see how ETH makes such a tremendous price trend nowadays but unfortunately, it was not the thing we consider enough to take over BTC and make the number 1. NO, it was not like that and we know that BTC still dominating the market despite all the dumps, even ETH will have its max supply, high demand, price surge, etc...
We have to accept that ETH remains #2 in the CMC and BTC is on top. Nothing could change of it unless if Bitcoin will die, (but I don't think if there is something left on the market).

Xal0lex

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Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

With the arrival of PoS, ETH will become more centralized and more susceptible to attack by attackers. That's the price of higher transaction processing speeds and moving away from PoW mining. Is that enough to overtake bitcoin? ETH should take care to keep demand in the blockchain space so that competitors don't get any closer. Bitcoin and ETH have different goals and are not in competition with each other, so the arrival of PoS will not change anything in the balance of power.

RussiaUkraineTranslation

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I'm going to be contrarian here and say no, Ethereum will not overtake BTC. I know there are a lot of Ethereum fans on this board, heck, you could almost call it EthereumTalk, but Bitcoin will remain the king for this cycle. It's not because BTC has better tech or anything like that but it's because Ethereum is one of 100 smart contract chains and most of those other chains have better tech than Ethereum does. You see, the merge that everyone is hyping does not scale Ethereum, it merely moves it from POW to POS. The king of Ethereum scaling is Polygon and I forsee Polygon overtaking Ethereum in the near future. DeFi projects on Polygon like MAXX finance and Qi DAO will replace popular DeFi DApps used on Ethereum today.

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Ethereum can't compete with bitcoin, I can confirm that at this time if the price of bitcoin goes down then the price of ethereum will also go down but if the price of ethereum goes down it certainly has no effect on the price of bitcoin.

agreed ETH overall still follows the trend of BTC in every of BTC move ETH still heavily influenced by it. I think in the future things will stay like that, since considering the massive investments flows still going in BTC and as long as things stays like that ETH could hardly ever take over BTC in the futures. ETH needs to be independent from BTC first then it could starts taking over BTC because otherwise the market capitalization of ETH will always gets eaten once there's massive rally coming for BTC in the future just like in the past cycle.

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Quote from: Ahli38 on August 14, 2022, 09:23:57 PM

if ethereum becomes PoS then I don't think it will be different from other altcoins that already carry PoS. this is just exaggerated news. in the end after the hype ended. then the price of ethereum will still follow bitcoin. I think people should understand the big difference between bitcoin and altcoins. if we delve deeper into bitcoin then I don't think things like this need to come up again to be a question. because this question has come up many times before. but for the altcoin class, ethereum is indeed the king among other altcoins. but I think it still needs more time to compete with bitcoin. and even I doubt that time will ever come. but the possibility will always exist even if it is very small.

There is a small difference between going up solo, and going up with market. I think ETH will not flip, but it will definitely go up solo a bit, while the whole market will probably go up, but ETH will go up more than the market. So, let's say if all goes up 20%, ETH will go up 50%+ or so.

This doesn't make it go beyond bitcoin of course, it doesn't make it the first coin. However, I have to say that is still a good thing for ETH right? Be higher than everyone else? That is not going to be something shocking to us at all. I will definitely end up with something decent and it will definitely get there, it just won't be something too big at all.

halim50_

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Not sure about that. But if they can manage to impliment more in ETH and fix all the issue. Maybe, maybe then ETH might have a chance. But from my prespection, it will take much more time to reach where BTC now stands.

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Quote from: Ahli38 on August 14, 2022, 09:23:57 PM

if ethereum becomes PoS then I don't think it will be different from other altcoins that already carry PoS. this is just exaggerated news. in the end after the hype ended. then the price of ethereum will still follow bitcoin. I think people should understand the big difference between bitcoin and altcoins. if we delve deeper into bitcoin then I don't think things like this need to come up again to be a question. because this question has come up many times before. but for the altcoin class, ethereum is indeed the king among other altcoins. but I think it still needs more time to compete with bitcoin. and even I doubt that time will ever come. but the possibility will always exist even if it is very small.

I agree with you, ETH used to be different from all the rest of the altcoins because it was a POW like bitcoin. But once it becomes POS it is no different from the rest, maybe when ETH becomes POS there will be no altcoins that can compare or catch up with ETH, but ETH is more unlikely than ever to take over BTC. All the recent news on ETH is aimed at creating hype that pushes ETH price higher followed by profit taking from the sharks.

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Stablecoins have experienced rapid market growth over the past two years and have become one of the core components of the cryptocurrency ecosystem, now having a larger market cap than Ethereum (ETH) due to the volume of value entering the stablecoin market.

But increasing rumors about an impending Ethereum merger in September have caused the price of ETH to rise thus being able to regain Ethereum's dominance over stablecoins, but never outperform bitcoin.

Ahli38

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if ethereum becomes PoS then I don't think it will be different from other altcoins that already carry PoS. this is just exaggerated news. in the end after the hype ended. then the price of ethereum will still follow bitcoin. I think people should understand the big difference between bitcoin and altcoins. if we delve deeper into bitcoin then I don't think things like this need to come up again to be a question. because this question has come up many times before. but for the altcoin class, ethereum is indeed the king among other altcoins. but I think it still needs more time to compete with bitcoin. and even I doubt that time will ever come. but the possibility will always exist even if it is very small.

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I dont own ethereum or even btc but i know that both coins are good coins and trusted by so many investors. Since 2016 or even from the beginning of the creation or eth and btc, in my own opinion ethereum will not surpass btc because if it can surpass btc it maybe happens before because we experience a lot of dip on btc the problem is when BTC is on dip ethereum together with different coin will also experienced dip so eth will not surpass btc at all.

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Though Ethereum is a reputable coin and really waxing stronger, it will not overtake Bitcoin in many years to come. Apart from Bitcoin being the first coin that have gained massive support and popular over the years, Bitcoin is built to be secure and have proven to be good for long term investment. Currently, from CMC, Bitcoin dominance is 40.05% while Ethereun dominance is 20.37% as at 14/08/2022, meaning that Ethereum still have a long way to go. With the on-going merger, I will rather be more observant to watch how things unfold. It is rather too early to conclude that Ethereum will grow faster than how it has been.

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Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

If it's talking about daily volume then it's probably taking over Bitcoin but if we're talking about both price then ETH probably never surpass Bitcoin. Even Ethereum has more utilities than Bitcoin but Bitcoin is like parents for every crypto in the crypto space so just hope that ETH will have a new ATH soon and we should prepare our capital to not miss the train.

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Quote from: S3300 on August 07, 2022, 09:25:25 AM

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.

The Merge a long awaited upgrade will complete Ethereum's switch from pow to pos in september the merge wil change how etherum handles its money making the network more stable and decreasing the amount of eth in circulation.
Ethereum's inflation will be reduced after the merge ethereum is deflationary especially with fee burns while Bitcoin is inflationary each halving reduces inflation ethereum will have a larger adoption space as the base layer of the decentralised financial DeFi economy. The merge won't alleviate ethereum's high transaction costs which prevent scaling according to raman ethereum will leverage layer 2 scaling methods to accommodate most user activity. It will supplant Bitcoin as the dominant cryptocurrency in terms of pure economics and the impact of the supply shock ethereum does have a shot of overtaking Bitcoin.

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Quote from: Silberman on August 13, 2022, 07:19:34 PM

Quote from: Kemarit on August 10, 2022, 10:24:06 PM

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At least to me it seems that they are trying to revive those rumors in order to increase the price of the ethereum, I don't really blame them because if they were able to achieve that then the price of them will go up tremendously and the benefits that they will obtain by investing in ethereum now will be huge, but we need to be realistic, that possibility doesn't exist anymore and anyone that thinks so is going to be incredibly disappointed when that doesn't happen.

And after all these years ethereum has not once surpassed bitcoin so now there is no reason why it should take over bitcoin. All this news is like creating misunderstanding about ethereum, aim to push eth price to the top to take profit. People need to be alert to these types of news, they are probably distracting us, creating a fomo effect so that they silently take profits. Those who bought eth at $900 will surely take advantage of this opportunity to take profits.

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Quote from: samuraijin on August 13, 2022, 12:03:43 PM

The top two coins that have a very strong community, especially in Bitcoin the world's first digital currency, have large investors around the world, to the point that Bitcoin cannot be compared to ETH, the two are indeed a compatible pair in the Crypto world and even cannot be separated, both have advantages in their fields, and in my opinion ETH will not be able to take over Bitcoin as the king of all Crypto currencies.

Agree with what you said, both bitcoin and ethereum are the top cryptocurrencies that have advantages in their respective fields, they are not in the capacity to beat each other, but speaking of this community will be quite different, that both have different amounts, it's a community problem this is what allows Ethereum to catch up, not a price issue or take over as king of all cryptocurrencies (bitcoin)

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Quote from: Kemarit on August 10, 2022, 10:24:06 PM

Quote from: Silberman on August 10, 2022, 09:13:35 PM

Quote from: adaseb on August 07, 2022, 10:26:32 PM

This was discussed for many years. And there was a time in the past before the Segwit fork that ETH came very close to surpassing Bitcoin market cap, however it never actually surpassed. Because Bitcoin agrees to activate the Segwit fork.

Will it surpass sometime in the future? Who knows. It might or might not. Right now there is too much uncertainty especially with the merge fork. And there are always tons of bugs that needs to be worked out.

I remember those days as well, that was the only realistic chance that ethereum had of surpassing bitcoin as there was uncertainty about whether segwit will be activated or not and what this will mean for bitcoin, however since then bitcoin has put more and more distance between them and it does not seems as if ethereum has what it is needed to do so, as even if ethereum has reached new ATHs when it comes to fiat terms it has never surpassed its ATH when it comes to bitcoin.

Yes, I will never forget that time as well, they even have terms for it, Flippening and then Rippening (XRP). So obviously, it didn't happen. And now they are it again just because of the merger?, I don't think so.

It's good to see the price hitting $2,000 again, Ethereum investors are going to be happy with that. But please, no need to hype that there will be another Flippening story because they will not get as close to the price of Bitcoin right now, to be honest.

At least to me it seems that they are trying to revive those rumors in order to increase the price of the ethereum, I don't really blame them because if they were able to achieve that then the price of them will go up tremendously and the benefits that they will obtain by investing in ethereum now will be huge, but we need to be realistic, that possibility doesn't exist anymore and anyone that thinks so is going to be incredibly disappointed when that doesn't happen.

Topic: Eth could take over BTC or not - page 3. (Read 1098 times)