Topic: Ethereum is not a rival of Bitcoin - page 8. (Read 1745 times)
I agree, normally bitcoin and ethereum are different in all things, even their rate of growth is far from each other, etherum grows in an arithmetic way while Bitcoin grows in a geometric rate. Rivalry occur among two close project that offer the same offering and bitcoin and ethereum are not.
Coins are not ranked according to their price. Ranking is according to market cap. For example, according to Coingecko number 3 coin is ADA which costs only $2+ per coin. But there are many coins such as BNB, BCH, LTC, LINK, DOT which cost much more than ADA.
.Yea the comparison is not within the price but the market cap, if it's by the price then ADA shouldn't be among the top 10 cryptocurrencies. No matter what bitcoin can't be compared to ETH, they both have their different reasons of creation and works perfectly in their own lane, bitcoin will always be the number one cryptocurrency, the most popular and trusted and I think it will still hold that position no matter what happens I don't think Ethereum will flip bitcoin in the near future.
Well... you can't just compare the price/unit. You've got to take the supply into account as well. A better way would be to compare the market capitalization of the two crypto assets.
BTC's market cap is only about 2.3x ETH's one while the price difference is over 10x, but then when you look at the supply you'll have a great discrepancy.
I think Bitcoin will continue leading the market. That's the most trusted asset IMO and I believe most of the funds will pour into it.
BTC's market cap is only about 2.3x ETH's one while the price difference is over 10x, but then when you look at the supply you'll have a great discrepancy.
I think Bitcoin will continue leading the market. That's the most trusted asset IMO and I believe most of the funds will pour into it.
When people compare bitcoin to ethereum it is like comparing gold to silver, both are very valuable but have very different uses and but ethereum will not be able to replace bitcoin which will continue to dominate the market forever.
and besides, ethereum's second largest capitalization in the world, after bitcoin which is always in first place according to coinmarketcap data and both are a perfect match and not to compete, and both are very nice to have.
and besides, ethereum's second largest capitalization in the world, after bitcoin which is always in first place according to coinmarketcap data and both are a perfect match and not to compete, and both are very nice to have.
I agree we can't compare Ethereum and Bitcoin, because they both have different functions. So Ethereum and Bitcoin were not created to beat
each other, but I think they were created to complement each other. For investors having both is a very good decision, because we know Ethereum
and Bitcoin perform equally well. By investing in Ethereum and Bitcoin, the profit that will be obtained will also be much greater, than just investing
in one of them.
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 prefer ethereum in its current position, compared to chasing bitcoin which ethereum is not sure can do, today the condition of bitcoin is in good times in the market, almost all coins will not be able to take its place.
Ethereum needs to improve some of its weaknesses to survive in its current position, these preparations must really be made so that people's interest in ethereum does not decrease, this is more relevant for ethereum to do than chasing bitcoin positions.
why should compare unnecessary? whether with this comparison you get a big advantage? you are wasting your time.
It's like comparing volleyball and basketball. although both are balls but they have their respective roles and functions.
bitcoin will continue to be bitcoin, king of all coins and almost all coins in altcoins point to him because it is perfectly natural that the volatility of bitcoin which is very good causes this to happen.
while eth is eth, which sticks with its smart contract concept system which can be said to be the next generation of bitcoin.
even though they are in one similarity in the blockchain but it can't necessarily be compared with one another
It's like comparing volleyball and basketball. although both are balls but they have their respective roles and functions.
bitcoin will continue to be bitcoin, king of all coins and almost all coins in altcoins point to him because it is perfectly natural that the volatility of bitcoin which is very good causes this to happen.
while eth is eth, which sticks with its smart contract concept system which can be said to be the next generation of bitcoin.
even though they are in one similarity in the blockchain but it can't necessarily be compared with one another
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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?
There is no reason or strategy whatsoever for ethereum to overtake bitcoin at this time and it is not easy to do so, even though ethereum is currently quite successful in securing itself at the number two position in the crypto world.
What ethereum needs to maintain right now is popularity, so as not to be displaced by other coins in the years to come, this is actually more difficult than trying to overtake bitcoin in such circumstances.
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?
The biggest application of Bitcoin is for making payments and as a speculative investment asset. On the other hand, the most important use of Ethereum is for smart contract platforms. However, there is a large overlap between these two. Ethereum can also be used for making payments, and lately returns from ETH has been higher than those from Bitcoin. There is zero chance that ETH will be able to overtake BTC anytime in the next 10 years, but from what we have seen so far, it is poaching a lot of users from Bitcoin.
I do not think it is possible to make a concrete comparison between btc and eth, btc is and will remain for a long time the reference point for all altcoin markets, eth will never reach the value of btc but will remain the altcoin with the most versatile blockchain with many tokens with smart contract, nft, so in my opinion they are not in competition and they are not comparable but they are the best altcoins at the moment among crypto
Ethereum can never go beyond bitcoin. People who love bitcoin will always be with bitcoin and bitcoin is like gold. Silver can never be gold. There is no doubt that Ethereum is a good coin but it has different uses. Bitcoin will always dominate this market.
Ethereum creation was greatly influenced by bitcoin as you can see the success of ethereum network and growth look similar and effective like bitcoin, but they are not the same. Bitcoin is low in supply but ethereum is unlimited until recently when London folk on ethereum is beginning to burn ether supply! Bitcoin value is still growing and this will remain for a long time!
You can't compare Both coin and also price.Bitcoin is king of crypto and most valuable coin in the market. Now Bitcoin (BTC) price Around $46k+ and ETH price $3.1k+ both prices are big difference. But both coin are valuable in the crypto market. I think BTC and ETH both coin are best for investment.
Bitcoin is one of the most popular and widely used cryptocurrencies. The growth in the value of this crypto asset continues to increase.
However, seeing the movement that occurred, some analysts tried to guess the direction of the movement of crypto money, unexpectedly by Goldman Sachs. In his asset analysis, Wall Street giant analysts predict all have the potential to surpass bitcoin in the coming years and not be able to compete directly as a safe haven like gold.
Ethereum has seen a flurry of activity on its network over the past 12 months due to the soaring popularity of so-called decentralized finance (DeFi) and non-fungible tokens (NFTs).
However, seeing the movement that occurred, some analysts tried to guess the direction of the movement of crypto money, unexpectedly by Goldman Sachs. In his asset analysis, Wall Street giant analysts predict all have the potential to surpass bitcoin in the coming years and not be able to compete directly as a safe haven like gold.
Ethereum has seen a flurry of activity on its network over the past 12 months due to the soaring popularity of so-called decentralized finance (DeFi) and non-fungible tokens (NFTs).
If you compare the prices of the two coins it will certainly be much different. Try to see from the other side like the performance of the two coins. Many say that if ETH has a better performance than BTC, yes this is true because we know that one of the functions of altcoins is actually to complement or improve the shortcomings of BTC. So it cannot be denied that ETH has better performance even though the price is not comparable to BTC.
if the price of ethereum is the same as bitcoin, it means that ethereum is in the same position as bitcoin guys, so that's how the position of ethereum is the same as bitcoin guys
When people compare bitcoin to ethereum it is like comparing gold to silver, both are very valuable but have very different uses and but ethereum will not be able to replace bitcoin which will continue to dominate the market forever.
and besides, ethereum's second largest capitalization in the world, after bitcoin which is always in first place according to coinmarketcap data and both are a perfect match and not to compete, and both are very nice to have.
and besides, ethereum's second largest capitalization in the world, after bitcoin which is always in first place according to coinmarketcap data and both are a perfect match and not to compete, and both are very nice to have.
I think ETH don't need to be the same price as BTC. While BTC a store of value for a lot of people, ETH is pretty different. And it's usage is more universal. Web-sites, games, NFT and lot more.
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 the Price is not the main criteria. Use case of any coin is more important which reflects the inherent strengh and intrinstic value. Bitcoin is most De-centralized and has very limited supply that is why it deflationary and store of value but we have witnessed during the past one year that coins those have upgraded their network and improved use case like, Polkadot, ADA and Matic , have shown growth in their price to the4 extent of 800% in one year. Hence, as long as Ethereum continues to upgrade its network, reduces transacton fee, it will certainly impact on its price.
Its over 13 years since bitcoin and the blockchain was invented and the BTC dominance is over 48% and ETH dominance is still a merely 18.85%.
Bitcoin cannot be toppled by eth or any other cryptocurrency in the coinmarketcap because aside from bring the first and most popular cryptocurrency, the periodic halving ensure the decreasing supply of bitcoin which contributes to its increasing value
Bitcoin cannot be toppled by eth or any other cryptocurrency in the coinmarketcap because aside from bring the first and most popular cryptocurrency, the periodic halving ensure the decreasing supply of bitcoin which contributes to its increasing value
It is incorrect to compare Ethereum and Bitcoin. They have different purposes, they are used differently.
I can be wrong, but one was created to be anonymous, fast and cheap alternative for payments, but others as a platform/blockchain for projects to be used.
If someone really wants to compare value of each cryptocurrency, I think it will be correct to compare the energy spent to mine both of them compared with the value they have. But not just market value.
I can be wrong, but one was created to be anonymous, fast and cheap alternative for payments, but others as a platform/blockchain for projects to be used.
If someone really wants to compare value of each cryptocurrency, I think it will be correct to compare the energy spent to mine both of them compared with the value they have. But not just market value.
Yes I really agree with you mate, both crypto has a different market value and also has a different purpose but they only the same in the fact that these cryptos are good for investment even in a short or long term investment. Besides both cryptocurrency were now known as a valuable crypto and there's no point of comparing the two in terms of price because it is quite obvious how far was the value of bitcoin compared to Ethereum.
It is just so good to know that people who can't afford to invest in bitcoin due to it's high price could still have the chance to invest in a top crypto which is Ethereum that is much affordable.
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