Topic: Ethereum is not a rival of Bitcoin - page 7. (Read 1745 times)
It’s not about what can compete with btc it’s what can do the most times xs for instance. Eth might be able to compete with btc but it sure as hell won’t generate as much wealth as something from cents going to dollars with more room to grow
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
In everything, comparing 2 things to us people is completely normal. People tend to compare this to this where in fact, both aren't comparable to each other.
Both Bitcoin and Ethereum are different in their own ways. Bitcoin has been used as a store of value while Ethereum has been used for smart contracts. Both of them are very good coins to invest with but making both of them as rivals is kinda nonsense at least for me. One thing more is that Ethereum can't beat Bitcoin in terms of market cap but both of them have similarities and differences. There is a part where Bitcoin excels and there is a part where Ethereum excels too.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
For now, yes, if we look at the dominance of Bitcoin based on the crypto market cap on the coinmarketcap site, it is more than $850B marketcap but in the future we will not know if BTC will still be at number 1, because if we look at the supply of coins from ETH more than 100 million and Bitcoin 18 million then Bitcoin is more popular, of course BTC is superior because if Bitcoin is not created then we will not see ethereum and other altcoins. 
Bitcoin and ethereum do have very different values and selling prices and it is very unlikely that ethereum will exceed the bitcoin limit. And it will make us free to choose between buying bitcoin or ethereum because they have different selling values.
Bitcoin is simple unlike the complexity of services available on Ethereum, its simplicity and store-of-value label makes it an investment in that sense.
Ethereum has greater use, an incredibly vast ecosystem, and could potentially have far greater value in the future.
But to replace Bitcoin is not easy, Bitcoin is the reference for any coin at this time, to become a competitor is quite difficult and almost no one can do it, indeed at this time the market response is very good for ethereum, but that does not mean ethereum can replace bitcoin just like that .
If we talk about the future, then there is no certainty to replace it, if today we analyze the development of bitcoin, even the analysis must be based on past and present references, thus giving birth to studies that are not based on our own thoughts, how can bitcoin be replaced.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
Of course it will not be the first coin because Bitcoin will still be the first coin. When you know the power of Bitcoin and the advantages of Ethereum, you will also know why Bitcoin is number one. Regarding prices, not only at this time but since the beginning of the appearance on the crypto market, BTC prices have been expensive and not everyone can afford to buy BTC, that's why Altcoins were born as an alternative for people to be active in cryptocurrency.
Ethereum and Bitcoin have similarities. Of course there will be differences.
resemblance:
The overall goals of the Bitcoin and Ethereum networks are different. Although Bitcoin was created as a substitute for the national currency and therefore aspires to be a medium of exchange and a store of value, the purpose of Ethereum is to serve as a platform to promote unchanging procedural contracts and applications through its national currency.
Ethereum is another use case of the blockchain that supports the Bitcoin network, and in theory should not really compete with Bitcoin.
resemblance:
- Both are decentralized.
- Both utilize a distributed ledger technology called blockchain.
The overall goals of the Bitcoin and Ethereum networks are different. Although Bitcoin was created as a substitute for the national currency and therefore aspires to be a medium of exchange and a store of value, the purpose of Ethereum is to serve as a platform to promote unchanging procedural contracts and applications through its national currency.
Ethereum is another use case of the blockchain that supports the Bitcoin network, and in theory should not really compete with Bitcoin.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
I think we have to stop thinking about that because no matter how many ups that ETH has been made, it was impossible and never be the first in the market. Bitcoin is Bitcoin and known as the king of crypto, ETH is just an altcoin. If we think deeply, this could never happen and besides, they have a different purpose in the market and so no reason they've got into the competition. Price was just how it value in the market, but it is not our basis that a coin could be the first, 2nd, or the last one. The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
It's not Ethereum that will be a competitor in the future, but we will see the movement of BNB in the future, that's one of the predictions of Cryptocurrencies that will rival Bitcoin. thank you
btc and eth are indeed the same cryptocurrency, but for the price issue I don't think we can compare it, from the start it can be seen, if the purpose, and price value is different and also the demand for bitcoin is much greater than ethereum. Bitcoin will not be rivaled by Ethereum forever because btc is the king of all cryptos and Ethereum is just following the movement of bitcoin behind it.
for whatever purpose bitcoin and ethereum are actually different. ethereum was created more for a platform that supports a transaction system, or more easily any coin can make transactions using the eth fee as long as it uses the ERC20 network. while bitcoin is not used for transaction systems such as ETH.it's clear that eth and bitcoin have different goals and are not suitable when compared or become rivals
ETH doesn't need to fight for the first place with BTC. It provides us more than just a asset of value.
btc and eth are indeed the same cryptocurrency, but for the price issue I don't think we can compare it, from the start it can be seen, if the purpose, and price value is different and also the demand for bitcoin is much greater than ethereum. Bitcoin will not be rivaled by Ethereum forever because btc is the king of all cryptos and Ethereum is just following the movement of bitcoin behind it.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
I have never seen the both of them as rival, because they were both created to serve different purposes. Bitcoin was created to serve as a method of transaction, that’s the main purpose of Bitcoin and it has been serving that purpose till now, although sometimes we all do complain about the fees, which is a temporary problem. Bitcoin remains the most popular cryptocurrency to this day and is being used the most than every other cryptocurrency there is.As for Ethereum, it is for smart contract and it has also been doing well in that area and so far it has remained the undisputed. There has been a lot of smart contracts that were released later to compete with Ethereum, but it has been able to beat them all and still remain in its position.
In my knowledge, Ethereum is so much different as compare to bitcoin in a finance would use it. Bitcoin as many experts mentioned is a better store of value and it durability and immutability are proven. Where as Ethereum definitely has an intrinsic value for so it has so many real-world use case application hence it had already version 2.0 so to speak. Ethereum can scale to changes. But bitcoin can never be equaled.
right, the two are different, which actually complement each other. ethereum boost their trust back after success on hardforlk london. and I don't think eth will be able to replace BTC which is like a fixed price for cryptocurrencies, while eth may still have to be able to compete with other altcoins, bitcoin always leads the altcoin journey, which direction will it go
Yes, bro, basically these two platforms were created to both be able to dominate the crypto world, but because maybe the bitcoin platform was born and there are so many users, even though the Ethereum platform is also not lacking in users, but for Ethereum to be a competitor to bitcoin, I think it could happen, but not for now bro.
In my knowledge, Ethereum is so much different as compare to bitcoin in a finance would use it. Bitcoin as many experts mentioned is a better store of value and it durability and immutability are proven. Where as Ethereum definitely has an intrinsic value for so it has so many real-world use case application hence it had already version 2.0 so to speak. Ethereum can scale to changes. But bitcoin can never be equaled.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
As others stated it's not price but market cap you should look at. Due to different max/circulating supply of every coin, coin price is irrelevant in terms of this conversation. But you are right they aren't rivals per se. They perform very different functionalities in the crypto sphere. Can eth take over btc in market cap, maybe I guess. Will it? I'd put my money on no.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
Making comparison of Ethereum with Bitcoin and using price is just dumd. You were supposed to make comparison in term of adoption.
Do you know why Ethereum is so special, it's because of smart contract, the ability to accommodate other new project and built on it makes it so special, this what bitcoin lack, it doesn't support smart contract.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
Making comparison of Ethereum with Bitcoin and using price is just dumd. You were supposed to make comparison in term of adoption.
Do you know why Ethereum is so special, it's because of smart contract, the ability to accommodate other new project and built on it makes it so special, this what bitcoin lack, it doesn't support smart contract.
Looking also at the supply, bitcoin is cap at 21 million, Ethereum has also implemented a mechanism that burn some ether burnt during transaction reducing supply. It's just a matter of fact before Ethereum start competition with Bitcoin.
However, bitcoin has always make it on the top, having ethereum on its next. They have different purposes so they should not be considered as close competitors, instead they make the perfect pair in the crypto market.
The comparison of the value of etherum and bitcoin is very far, the price of one BTC is $ 45,975 and one Etherum is $ 3,152 (15 August 2021, 16:53:00). Etherum is far behind BTC, although Etherum’s current popularity is great, unfortunately Etherum still can’t be the first in the market. what do you think?
Making comparison of Ethereum with Bitcoin and using price is just dumd. You were supposed to make comparison in term of adoption.
Do you know why Ethereum is so special, it's because of smart contract, the ability to accommodate other new project and built on it makes it so special, this what bitcoin lack, it doesn't support smart contract.
Looking also at the supply, bitcoin is cap at 21 million, Ethereum has also implemented a mechanism that burn some ether burnt during transaction reducing supply. It's just a matter of fact before Ethereum start competition with Bitcoin.
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