Ethereum is not a rival of Bitcoin - page 9.

dezoel

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

Someone like OP who has no idea about marketcap and compares the prices should never really talk about the rivalry of two different things. The price difference between bitcoin and eth is 14.5x right now, that is how much bigger the price of bitcoin is, but if you check the market cap difference then it is literally 2.3x right now. So if the price of eth actually goes 2.5x higher than in the ranking ethereum will pass over bitcoin.

If you are not even aware of this then I am sorry but you have no power to start a new topic and be taken seriously, your views are as unimportant as a 2 year old, actually there are some 2 year olds that have a lot more sense to shut up about things they do not know about, so I am sure there are some that should be taken more seriously than OP. First get a knowledge about it from others, then speak your mind about it.

sirminesalot

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

Not hard to compare coins. Just look at the coinmarketcap rank, you will see a marketcap rank that you will use as comparable coins. If you are comparing just by the price you will wrong, despite that bitcoin is still on the top of the market place but ETH is ever surpassed bitcoin in marketcap also. So this 2 coins are great for investment and no benefit to compare them

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Quote from: BIT-BENDER on August 15, 2021, 03:00:32 PM

Quote from: Oshosondy on August 15, 2021, 12:00:28 PM

You can not use the price to compare between the two, you will use their marketcap, I am not saying Bitcoin is not stronger, Bitcoin is the strongest cryptocurrency. If you think you can use the price, you will not get the actual value you are looking for because ethereum and Bitcoin do not have the same prices if even they have the same marketcap, but the buying power is indicated in the marketcap not their price.

I don't get you, market cap or price or even popularity Bitcoin is head, neck and shoulder above any other alt-coins, so I think you arguing a lost course, furthermore I don't think I would compare the two, because I plan on owning the two in the future, so a low grade/budget investor I consider myself as one, ethereum may not been too bad for me, but even if it has a low price than Bitcoin, $3000 and more is still high for me.

No one is saying ethereum is stronger than bitcoin, but you can not make use of price to draw the conclusion, the conclusion can be accurately drawn from the marketcap. Bitcoin and ethereum do not have the same supply, they do not have the same price even if their marketcap are the same, not saying their marketcap is the same. Why price is not used to list the cryptocurrencies? It is marketcap that is just to list the coins in hierarchical order.

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Ethereum can not beat bitcoin as bitcoin is still the leader among the other coins. Ethereum moves behind bitcoin and it is difficult for ethereum to increase the price like bitcoin price. But I can say that ethereum is the leader for altcoin because the popularity of ethereum and the price of ethereum is too bigger compare to the other coins. The other coins still follow where bitcoin moves like what ethereum did so we can not compare how bitcoin and ethereum works. But I agree that bitcoin and ethereum can give us the opportunity to make money.

the ghabbar

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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 the future ethereum is still difficult to replace bitcoin, but the market response to ethereum is very good for now, many even speculate that ethereum will replace bitcoin in the future.

Indeed, nothing is impossible in the crypto world, but in this case I still doubt the speculation, there is no reason why bitcoin is difficult to replace at this time, but the process carried out by bitcoin is a very good improvement for the future, it is natural that bitcoin is difficult to match when this.

bakasabo

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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.

asriloni

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Quote from: Zedpastin on August 15, 2021, 05:39:55 PM

The answer is still the same Bitcoin out performs Ethereum every where you look and as the title of this topic says Ethereum is not a rival to Bitcoin.

Basically, all of the coins that used different blockchain should be co-exist one to the each other. There's no need to expect another competition will be coming from there. Bitcoin has become the main pair for crypto and ethereum to be the best smartcontract platform although there are bunch of smartcontract platform these days but ethereum still remain the best.
People didn't know what they were talking about but they were only seeing the fight between bitcoin based on the price and marketcap.

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Quote from: Oshosondy on August 15, 2021, 12:00:28 PM

You can not use the price to compare between the two, you will use their marketcap, I am not saying Bitcoin is not stronger, Bitcoin is the strongest cryptocurrency. If you think you can use the price, you will not get the actual value you are looking for because ethereum and Bitcoin do not have the same prices if even they have the same marketcap, but the buying power is indicated in the marketcap not their price.

This. And i really have a feeling that Ethereum has a change. Now i know that people start to talk about flippening when we are moving at the top of a cycle but there's just too much development happening on ETH and the amount of money involved in DeFi and NFTs is just insane. Not to talk of other systems people are building on top of eth.

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Quote from: efxtrader on August 15, 2021, 06:47:30 PM

Agree that Ethereum is not a rival to Bitcoin. Bitcoin and Ethereum are digital assets and they have different functions. Ethereum with its smart contract helps the business and banking world to enter a safe crypto world while Bitcoin can be categorized as gold in the real world. Both are cryptos with the largest market cap value in the market and this shows that investors trust them both

both of them were best cryptocurrency in market which is have strongest community and also already adopted in any field as payment system or smart contract platform. between of them could not compared peer to peer because they have different feature and each of them work by their self.

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Coins are not ranked according to their price. Ranking is according to market cap.

price and circulating supply will infleunce their marketcap calculation.

yazher

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It's not just the mere value but the network itself has different routes of pages where they are completely on another planet to each other. In recent years, people compared Bitcoin to gold while ETH to silver. in terms of price, that would make sense as we can see where they are right now but when it comes to usability, I prefer bitcoin with lightning network to avoid those unreasonable transaction fees when only doing a single transaction.

Brus123

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To be honest, Bitcoin has many disadvantages. It has a very low scalability. As a result, to pay for a cup of tea in a cafe we would have to wait around 10 minutes and pay a big fee, so I don’t find Bitcoin to be very convenient for daily payments. And what is worse is that I haven’t heard that someone was going to change it. Maybe I'm just not aware of this. So I think that of course Bitcoin is the beginner of everything in crypto, but without any changes it can’t be successful forever.

gwdf1

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I think that it is quite possible for Ethereum to replace Bitcoin one day. It might happen when Ethereum 2.0. launches. Bitcoin is the most popular crypto with the biggest market cap, but it is nowhere near as tech-developed and multifunctional as Ethereum. We often hear about new upgrades of Ethereum, about the solutions of layer 2. On the other hand, do you hear something similar about Bitcoin?

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

when you shop in the Cryptocurrencies market there are many types what comes to mind first, people will look at btc, so he will not be defeated no matter how much it is altcoin, they will see btc as the first.

cryptoinvestor1457

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

Although they are not close in value the crypro market is still highley volatile so this price gap can change at anytime and considering that etherum is the second most valuable cryto per unit it is naturally the greatest threat to bitcoins position.

Snappycoco

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

Aside from price, the trust built within the two is different too. Its use cases and features are quite incomparable. BTC established itself as a store of value that protects your money from inflation and bank intermediaries. ETH in other hand is a utility token for ETH network and this network established itself as a great smart contract creator.

beveryu778

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Bitcoin is more popular than Ethereum.
The reason is that I have never seen a coin go over Bitcoin.
So I don't think any more coins can go on top of Bitcoin.
Bitcoin is a very popular.
After Bitcoin, there is Ethereum Coin now.

efxtrader

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Agree that Ethereum is not a rival to Bitcoin. Bitcoin and Ethereum are digital assets and they have different functions. Ethereum with its smart contract helps the business and banking world to enter a safe crypto world while Bitcoin can be categorized as gold in the real world. Both are cryptos with the largest market cap value in the market and this shows that investors trust them both

coin-investor

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

You don't use the price as a basis for comparison you'll look at market cap and the supply, Bitcoin has limited supply compared to Ethereum, they are rivals of course the first spot is always threaten by the one sitting in the second spot and the second spot always threaten to take over the first spot, for me, they are not rival at all, they compliment each other in some way and their success is the success of the technology.

ene1980

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Quote from: jabalghafur on August 15, 2021, 11:55:08 AM

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?

That means that they hyped up coin should be the number one coin in the cryptocurrency market. I just want to know, have you made any transactions in Ethereum recently or have you purchase anything in the market using ETH and if you tried any of these in the past few months you would know that you will be shelling out huge amount of money as gas fees and how do you think it will overtake Bitcoin with these huge technical restrictions.

satsmainman

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At a point i saw Ethereum competing with Bitcoin, but the truth is after a long fight, Ethereum got to realize that Bitcoin is not on his lane (he cannot compete with Bitcoin). So since then, Ethereum has grown to become a very giant ecosystem of it own and its doing quite well in propelling the adoption if decentralized finance.

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