Topic: Ethereum planning to take over??? (Read 1207 times)

now there are a lot of new coins that have good potential for the future but for the next 1-2 years, I think ETH is still strong in second place because there are a lot of platforms that have worked with ETH and there are also those who use it as a means of transaction.

all alts has the same plan to take over bitcoin mate
but now one can do it, including ethereum, even the POS on ethereum coming i believe this will not enough to replace bitcoin
32 eth is not enough, i suggest you to buy more eth mate

Now even the Ethereum blockchain is not stable. In recent months, I often see how the commission for transactions in the network becomes very high and this indicates that the blockchain has great difficulties

Yes people can use a pool, but for the first time you will get rewarded for HODLLING ETH instead of mining/ selling it. So that will make the eth price pump, plus the pump will make the price pump. Chain reaction.

There is no reason for Ethereum to shift Bitcoin at the top of Coinmarketcap, although Ethereum is a coin in the second place,
it requires a larger marketcap for ethereum

Take over what? If you meant to be the top 1 cryptocurrency I guess it will never happen. Yes, Ethereum is a good platform in fact it is top 2 next to bitcoin battling with XRP in terms of Marketcap. Bitcoin dominance is more than 50% to be precise it is 64.7% at this moment and ETH could not beat it. Bitcoin has a capped of 21M Total supply and Ethereum supply is growing every year if you look on coinmarketcap you won't see a total supply of ETH because it is growing and they didn't set a total coin supply and from that, you can tell which coin is better.

ETH is a coin with quite a lot of transaction volume because it is bound by various contracts, and to compete with Bitcoin may be a little difficult because the ETH itself also follows the price movements of Bitcoin.

Ethereum isn't trying to take over but trying to be bullish since past days now, my guess is the upcoming staking upgrade is making whales buying more Ethereum and hold for annual rewards so yes there is a big chance that ethereum will reach a new price soon.

Can ethereum take over what? Ethereum has been the second ranked coin for years now, and if you are asking bitcoin that would be quite a challenge, not impossible but I do not think it could happen for now, maybe in few years ask me again and things may change for them. Ethereum having Pos will change the fact that people will not be mining it for free and selling it for bills and so forth, which means if you are smart enough to hold all your ethereum, you will make more and more and more profits with it.

Hence at the end of the day the price should be going way higher by all calculations, it is very unlikely that price would stay same or go down, because there will be a lot less selling and a lot more reasons to buying and holding as well which all indicates a higher price.

ethereum has the opportunity to take over but not with BTC. I think BTC will always dominate the crypto market. But I agree that Ethereum has great potential for future investment. and it is likely that after an increase in POS the Ethereum price will move significantly.

I don't understand why people seems to have short memory, If you think the POS switch would make Ethereum to suppass Bitcoin then why haven't we see any POS Altcoins displaced Bitcoin. The lock up of 32Ethers is going to cause initial pump then dump. Dash, EOS and other Staking projects never fare better after their hype, I just hope Ethereum won't be in that bracket because there is nothing new to sell after this

currently there is still support from miners who can still produce ethereum, but when ethereum has this development it will disappoint its supporters and will make the ethereum price at the place of exchange collapse immediately.

I am still optimistic about ethereum 2.0 as you asked will ethereum take over not sure . But onc maximum supply limit fixed and POS is introduced in ethereum 2.0 then without doubt ethereum price will sky rocket , I was holding ethereum at the price of 1500$ Even holding at the price of 80$ , I fundamentally believe ethereum blockchain . Still market ruler in dapps

Bitcoin will always be supported by miners and will never die, I know that currently bitcoin mining rewards are reduced because of halving,
but the price of Bitcoin always goes up 2x after halving, so miners don't need to worry about it

all altcoin won't be in first place, first place is always for Bitcoin,
but for second position Ethereum must be vigilant, because Tether might be second place

that's true but when the bitcoin was going down and the bullish trend of ethereum will be ended instantly as the majority of people will move back to the bitcoin. The hype will always be a short term trend and it will never be a long term trend whatever how big the update that will come soon.

Eth will never take the place at the top, although many think so, the bullish trend created by the increase in btc and altcoin will follow when btc rises, and sometimes they are stable and unresponsive.

People are waiting who big updates of eth network. Thats why price is increasing so fast

What exactly is Ethereum taking over? It's already at the top. If you're referring to ETH taking over Bitcoin, then you're very wrong because that's not going to happen. Ethereum is already at its right position and that's where it's going to stay or even fall back. None of these altcoins will be taking that number one position on Coinmarket.com, that's a position that's meant for Bitcoin. Even if that's going to happen it's going to take a very long time.

Ethereum is good, and other altcoins are good, but none of them are really going that far, because being the first cryptocurrency has already given Bitcoin the advantage. And moreover, most of them are even pegged to Bitcoin.

Honestly there will be more demand for ethereum this year because of their next upgrade for staking, Ethereum can finally leave it's three figures behind but this still isn't enough to beat Bitcoin, with 1000$ per ETH still can't beat Bitcoin at 10,000$

The launch was supposed in 2017 as you said,  but if they will successfully launch it this year, then I like to expect that they have already tested it and there will be minor bugs, actually as long as they keep improving the system, people will remain confident investing in ETH, and I know a lot of us are waiting to see what's gonna happen with the launch, and as an Ethereum investor, I am very optimistic that the launch will be successful.


And that's the difference which they want to make, 

I think what his asking is, Can ETH take the number one spot? it might if bitcoin are not supported by the community anymore and miners stop mining, ETH might bull run in the coming future but it will stay in number two spot.

In the first place, what do you mean Ethereum can take over? can take over the price of Bitcoin? is this what you are trying
to intend here in this section? If yes, I don't so that's my answer. Now about its POS, I don't it will become successful dude, because
remember staking or apply POS for ETH is only applicable if you have at least 32 ETH and this amount is not a small amount of money,
We all know this things. So, how about the ordinary people or community who want to try it but can't afford to do it?

Possibly, if Ethereum can beat Bitcoin marketcap then Bitcoin will lose its crown, but how is that going to be possible?? Well I belief anything can happen in crypto space, if any coin can actually beat Bitcoin it won't be any time sooner

still not, even for ethereum will not be able to surpass btc marketcap, I'm sure others will also agree with me.
there are so many types of coins that have good technology but still btc will lead

🤔 Im wondering how ethereum is going to pull that off on its own, it's not possible my friend, there are things that makes Bitcoin the king and one of them is strong community and Bitcoin has the highest volume and liquidity too, if Ethereum can beat those then why not? But the question is can Ethereum do that? My answer is NO.

Am a holder of Ethereum because I believe in the platform and how active the team are is another thing worth taking note of but however I will never have the mindset that Ethereum will one day take over or beat Bitcoin to be the top coin. This is because, the level of trust and believe people have on Bitcoin can't be compared to anything in the crypto space which is not likely going to change. On the other hand, the POS upgrade is something to look out for since it is believed to better the platform. And lastly, the 32 Eth requirement for staking is too much and might limit many people.

1. It is quite possible that a coin can pass BTC as we move from Billions into Trillions in the near future. Not that BTC fails, I think we will see $100,000-$500,000 BTC.

$500,000 BTC puts its MC around 9 Trillion. If BTC does this good I think it stays on top.


$100,000 BTC puts its MC at less than 2 Trillion.
$24,000 ETH would put ETH over 2 Trillion and #1

Do I think this is possible? Yes, but I'll leave that for #2 and #3

To put this in perspective, this would be ETH going 100x, while BTC went 10x.
It would be a hell of a development, to say the least.


2. After the POS upgrade, ETH will be leaving all the issues that come with POW mining behind.
Security issues, centralization issues, etc.

Due to the difficulty of successfully entering the POW mining space, and turning an overall profit, I can see POS staking being much more popular. This will only become more relevant as the percentage of brand new investors in the ETH community begins to outweigh current investors in the upcoming few years.


3. 32 ETH.

We all know that limits aren't a new thing. However, we have not seen the concept applied to a project with this kind of momentum.

....the visibility of sitting on a MC of almost 10% of the whole crypto market, real use cases, top notch leadership, an update that makes the network more secure while making the "club" that gets to earn ETH more inclusive, user friendly, and mainstream-ish...

And the 32 limit. Ahhhhhh...for some I feel it will put them on a hamster wheel trying to reach it. ETH will keep going up, making the 10% staking reward of 3.2 ETH a year more attractive....bringing in more demand...further escalating the price....making the 10% staking reward more attractive....increasing demand.....and the price circle builds...etc

This brings up it's value in Satoshis, meaning it's gaining on BTC Everytime it gains a Satoshi.


Keep in mind this is all occuring during, IMO during cryptos biggest bullrun ever, as we see crypto truly go mainstream.

The influx of new crypto investors will make 2017 look like a dry run



BTC has had a VERY long run and will most likely stay near the top for the foreseeable future, but do you think its wise to believe it will never be beaten?

Is the upcoming crypto climate, and the pros and cons of BTC and ETH, enough to see ETH unseat BTC for the top spot?


We will definitely find out soon enough

Ethereum is very successful in marketing for its 2.0 version. Now people are increasingly buying ETH and that's why the price of ETH is getting higher and higher. When PoS is public, it will be the time when the price of ETH is further promoted. Now that everyone is buying ETH and preparing for this staking event, I believe that the price of ETH will be able to exceed $ 400 this year. The need to buy ETH for staking is huge in the future, maybe it is a new trend of making money for the whole crypto market.

No, it will stay as number 2. The 2nd option of transacting and not over that.
Bitcoin will always be the champion.
We don't know. But because of so many supporters that are waiting for this it might end up pretty good.
We saw a recent pump with ETH that gained $50+. It could be a sign that supporters are already hoarding to prepare.
32 ETH might be a big number now, but not for the early adopters.

So we will have to first see the implementation before we can say in finally if Ethereum has done the right thing from shifting from mining to POS, the only concern is you need a huge amount of Eth to stake only whales can do that they should lower the amount so majority of supporters can participate.

I think if that's about the nodes to upgrade their client into ethereum 2.0 there will be another chain too that will be used for the transition from ethereum 1.0 to 2.0

How profitable the staking depends on how much annual interest.

If the POS experiment goes right, there's no stopping for Ethereum. It would solve the problems of scalability and inflation for the time being. Though miners who have invested huge may get angry, they would still have many options to switch to. But if the POS transition went botched, it would trouble Ethereum for years to come.

I have to see first the POS upgrade and if it will be accepted by majority of miners and investors, they can close the gap if they are successful in implementing the POS, the 32 th is quite huge for small time investors like me, not everyone can participate but staking will definitely profitable.

I do believe that taking over bitcoin in terms of popularity of usage is a long long way to go for eth. But it is already good thing that crypto users have good option other than btc in terms of their crypto transactions. If you want less tx fee in terms of transferring from one exchange to another, you can opt for eth, depending on which has lower tx fees. But right now, the position of btc is very strong and I don't think it will be replaced any sooner.

I believe ethereum was created to take over bitcoin, but that is too difficult to be true. We know bitcoin very much strong to be taken over
by ethereum, so I'm sure ethereum will always be second. Even so it does not mean ethereum bad, sometimes being good doesn't have to
be number one.

Ether may be bullish but its never enough to outrank BTC in any way. Not Now that there is a smart contract that might just possibly beating ETH on its own game. Taking over is too delusional. Keep up to its 2nd position in the rank was even hard for it. What ETH was just trying to solve here was the scalability, that was just it but the option had been solved with the lightning network. 

I agree, ETH is the most potential coin in my opinion. I would say, it's more "potential" than bitcoin.
It has more room to grow, more use cases and more developers.

I certainly don't think ETH can take over any time soon because bitcoin has more supporters/holders and it is very difficult to take over bitcoin atleast for the next decade.

After the POS upgrade I think more number of people will dive in to buy ether since it will provide investors to earn more crypto while saving the potential crypto. In the long run, it's a win-win situation. So more investors will hold ether.

It's not a big deal. There will be pools which will allow people to contribute their share and then equally divide the stakes as per the ratio.

Ethereum has a lot going on its platform right now. The impending upgrade to ethereum 2.0 we are seeing bullish pattern in its platform. I don't see it overtaking BTC in the near future yet, but I think it has great potential. I am especially excited about how the crypto world will accept its proof of stake reward mechanism. The 32 eth staking amount is a bit big for me but there are always staking pools that would share part of the staking with you. with that, I think Eth is bullish right now.

Take over on Bitcoin? I doubt that it will take a lot for Ethereum to do that
About the POS upgrade, we have to see what's really going to happen, everything is just a speculation
The 32th Eth requirements are too much for small-time investors like me but it's worth taking that.

If a lot of ethereums will be locked in the staking wallet and that will give a very big impact caused by these coins can't be unlocked before the owner have been passed the locked period.
It's possible but it's not also an easy thing to happen.

Given the developments and upgrades going on with the Eth network, it's plied to become the most performed top cryptocurrency in the future. If you've studied the price movement in the past couple of days, no top altcoins has performed like it in terms of price growth. It's PoS upgrade will surge the price more.

Nice arguments, I don't understand overtaking too. OP said overtaking top coins, but there's just bitcoin, so he probably means that ethereum can overtake bitcoin.
Minimum of 32 eth for staking isn't much, we had a lot of time to earn or buy eth for much lower prices, personally I think its a good move, not everyone will be able to stake eth, there will be some order. When anyone can do it than that can be a real mess!
In the end I share the same view like many, ethereum will stay where it is, on the top second place right behind top first bitcoin.

if there is an ETH thought it can reach the top it is crazy thinking. therefore it is the same as hoping for the destruction of bitcoin and disappearance from the crypto market. if that happens I think it is the end of cryptocurrency and might be replaced by other technological systems that might be more transparent and faster.

We all believe that Ethereum is a good coin and king of altcoin. But indeed we cannot believe that ethereum can take over bitcoin at the top. With all the development and renewal that occurs in ethereum, ethereum will still remain in second place.

1. What do you mean 'take over'? Over what? Yes, it does very well lately with Ethereum 2.0 but I don't think that is enough to take over bitcoin if that is what you mean.
2. You can't mine ETH anymore by hardware mining like before, change from PoW to PoS.
3. Honestly, I think the minimum 32 Ethereum requirements are too much compared to before, of how much you would need to invest to able to mine.

Sorry to say Ethereum can't take over Bitcoin, never going to happen, Bitcoin is still well recognized than ethereum, this can only be possible if bitcoin fails and the only way that Bitcoin can fail is if people stop having interest in Bitcoin which isn't going to happen

I'm positive that after the POS update ethereum will maintain good price stability probably around 400 to 500$ since many whales have interest in staking their eth, good call vitalik but Ethereum can't take over Bitcoin, this is too good to be real

1. Unless Bitcoin ceases to exist, never.

2. I suspect that things won't go as planned (neither PoS nor sharding) and if some bugs or attacks occur, it will most certainly crash the price.

3. PoS as an idea has always been rich getting richer. But that's true for PoW, too.

I think that ethereum is trying to take over the other cryptocurrencies and I think that is great because ethereum is a nice alternate coin and I think that it will be great for those who invested in cryptocurrencies like ethereum becsuse they are sure to earn money with that investment that they invested and I hope that people would earn more with the coins in cryptocurrencies and bitcoin is good but we need to be assured in other coins that is emerging here now and I hope that people would earn with the investments that they created now in 2020

I do not agree that etherum or any other token is planning a take over. Do not mix things up together.

A etherum 2.0 upgrade is not to take over, but to make the etherum blockchain a better and more improved blockchain.

I think staking is a choice, you either meet the requirements or not, staking is not about rules being fair

I doubt that because I see when ethereum ends its development and does not continue to continue to develop it will have a very bad influence on the ethereum price movements will certainly collapse and many will sell it at low prices because ethereum will be said to be shitcoin that is not too used again.

It doesn't matter a lot and i suggest you to take a look at the old chart when ethereum was taking over the bitcoin's position. ETH needs a big hype to give massive demand to the market that will be pushing the price to follow or compete with bitcoin. It can't be done just in a night and it's wrong if you are saying ethereum has no potential.

if many people use eth that can still lead to price increase  . right now i see many people are praising eth because they heard eth are going for a new change  .  if your doubt eth wont have a high price then maybe your not aware of its history   .  if bitcoin is money then why not eth  ? anything that have a value is consider as money but eth is the one that is more of a money because it has other use cases too    . its not our business anymore if eth plans to take over other coins but id be happy to see that

I don't know why people keep dreaming about a take over. I'm not sure they even understand what they mean.
Take over as the first coin? They cannot since time travel doesn't work.
Get higher price for their coin than for Bitcoin? Well, for Ethereum that would mean a stronger and hungrier network, since history has shown that miners' costs are a big component of the price.
Adding PoS into the equation ... made me laugh. 

That´s comparing apples with pears. Bitcoin was always intended as money, Ethereum has the financial aspect just as a side service. ETH will high likely never have a higher price, but the changes in the protocol could lead to an increase of use cases and therefore wider acceptance.

32 ETH requirement is not much in my opinion any mid level crypto investor would be easily be able to afford that if they are in crypto since early this year.

I don't think ETH would be able to take over BTC as the competitors are way advanced right now.

I believe a lot of people knows that Ethereum is a very good coin with a lot of potentials, and the past few days have really been a good one for it and the holders, but yet it doesn't have what it takes to overtake a coin like Bitcoin, it can only keep its position which it has been doing over other altcoins and not Bitcoin. About the POS upgrade, a lot is being expected and I think it's better waiting for it to be fully launched but however from the way it looks, it will be a good one, but until then let's keep our fingers crossed. The staking requirements looks much, but nevertheless until it is launched then a clearer picture can be seen.

Ethereum already took over every other altcoin, but if you are trying to ask if it will take over bitcoin then,

1, ethereum cant and will not take over bitcoin.
2, we expect a more stable network and good changes.
3, the 32eth for staking is quite too much and hope it can be reduced.

Ethereum price is bullish only because of the staking ability that's coming very soon, so I can say we have more ethereum buyers right now, Ethereum isn't taking over anything, it's already too undervalued and maybe some day it can make it's holders proud but now I guess not

That's true but we are talking about the possibility for ethereum to surpass or even take over bitcoin. As a major crypto and ethereum is the only coin that can fight with bitcoin in term or marketcapitalization. I didn't see any other coin that has the same chance like ethereum.

Staking requirement makes no difference because users can make a pool to stake...

I believe that launching ethereum 2.0 (which was supposed to be launched in 2017) is going to be good, no doubts about it. But it is so late... I hope there are not many bugs, otherwise we can see a downtrend...

This is the first time a big coin will use a PoS. Previous projects were implemented in small cap coins.

Ethereum won't overtake the performance of bitcoin because it will still gained the highest invested coin by investors in the crypto market. Ethereum has made a significant surge by now and with its ETH 2.0, i think there will be more great opportunities coming for ethereum as more projects will be ethereum based already in the next days to come.

Take over what? if it's the entire market, then my answer would be NO.

Ethereum already rank number 2 in the entire market and number 1 in the altcoins market, so we can say it already has the best position now.
I don't expect it will beat bitcoin as the dominance alone, at 65% dominance of bitcoin, we can clearly see what's gonna happen if bitcoin will move.

There has been a big improvement of ETH already in terms of ranking, before, the competition of ETH and XRP was close, in fact XRP took the number 2 spot and just ETH just take it over last year I guess.

Comparing the two now, there's already a big disparity. (https://coinmarketcap.com/)

Ethereum $27,172,025,472 (marketcap)
XRP $9,036,777,062  (marketcap)
 
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about the 32 ETH requirement for staking, this would push the demand of ETH again, and its expected to rise as the demand increases.

I think 32 ETH is a fair amount for staking, it's far lower than the requirement for something like DASH or many other PoS coins.

In any case, I don't think that the new Caspar upgrade will necessarily be that big of a deal. We need to see whether it really brings the performance benefits that Vitalik claims it will. If it's only marginal, then I don't think we'll see a huge pump.

The community are acting like ETH 2.0 is going to be some sort of technological revolution of sorts. If it can truly blow away competing platforms like TRON and Cardano, then I believe it can approach Bitcoin's success —but it probably won't overtake it.

1. it can but the chance for ethereum to take over bitcoin is really small
2. you will be able to staking your ethereum in the network to earn passive income and ethereum can't be mined again.
3. I think you should try to take a look at this https://beacon.etherscan.io/ It was running the beacon chain testnet for ethereum POS

Ethereum although looks great but i do not think that it is going to take over bitcoin as btc also looks equally bullish to me so i think it is time market will make its move and i expect that market will break trillion dollar cap by year end. To answer your questions one by one;
1. Can Ethereum take over? No
2. What will happen after the POS upgrade? Huge money will be pumping into Eth driving the price to new highs.
3. How do you see the 32Eth requirements for staking? I do not have an issue with it and i think it is good to go.

Well it was always on the cards and personally i was suggesting my friends to buy and accumulate eth as much as they can as it looks to be standing at most potentially profitable asset in the market because it came down from high of 1400 to down of 80 only, now i think anything under 500 is still a good price for eth and i am super bullish about the upcoming events for eth network.

You will get the answer when you have the answer for the use case, we already have bitcoin as a speculative market and we do not want to see many coins following the same path as it will not succeed. If you are looking for a secure network then the upgrade will not provide anything rather than having a change in their protocol.

What do you mean by take-over? Ethereum has been the top altcoin so far so no doubt that it will continue. But if you are talking about the Flippening, it won't happened, sorry to burst the bubble.


We really don't know, maybe it will push Ethereum and other Ethereum based projects to the next level. There are a lot of hype around the POS upgrade, but we will have to see what's going to be the net effect.


For average joe, it's a huge amount, so maybe not all can afford that 32Eth post staking. So I guess only those who have deep pocket can profit more in this scenario.

It is understandable that Ethereum is actually gunning for the top spot seeing how dominating bitcoin has been all these years. No doubt, Bitcoin will remain undisputed in the foreseeable future due to its prominence, acceptance and wide scale usage. However, with the Ethereum blockchain 2.0 set to birth, it will be pushing bitcoin all the way which is a good thing.

I don't think ETH can take Bitcoin place on a near future, the difference in market cap is so high that I just don't see it happening, although I do agree it is looking bullish...
In my oppinion the POS is a gamble that can easily backfire, mainly due to the 32ETH requiremnt for staking, putting the network into the hands of a relatively smallnumber of actors...

I believe that Ethereum developers do a lot of work and the project has a good future, but I also think that there are already many respectable competitors on the market that can become much better than this old project.

if we talk about price ethereum can't take over bitcoin now or in the future
but, if we talk about market capitalizations i think ethereum can take over bitcoin even if only briefly maybe just few days then go back below bitcoin again.
when the POS upgrade, of course the price of eth will fly mate
maybe you need more than 32 eth to get a better rewards
regards

Eth has the potential to be a lot bigger, but it's never going to overtake bitcoin unless something absolutely radical happens. There's been so much talk of developments, upgrades and projects on the eth network for so long that haven't always come to fruition and that definitely doesn't help things.

Ethereum is very controversial coin. Some people see an enormous technology that can have many usecases due to supported smart-contracts. Others are talking about buzzwords that never work in the real life. 

Is this what are you implying for? Ethereum is going to take Bitcoin place? Definitely not.

1. No.
2. Bullish momentum is created because of staking and more project based on POS will come out using this momentum to make an easy money off people.
3. It is not much because normal people can use shared pool to jump in if they do not have enough coin to start their own node.

Ethereum poised to potentially outperform top crypto coins in near future, with the way I'm sensing things it seem ethereum is becoming more bullish by every minutes, here are few questions for you crypto lovers

1. Can Ethereum take over?
2. What will happen after the POS upgrade?
3. How do you see the 32Eth requirements for staking?