Topic: Here's Why Ethereum Could Beat Bitcoin As Best Asset Of 2021 - page 3. (Read 658 times)
Every altcoin was born to make up for a technical defect in Bitcoin and so any altcoin can exceed the values of Bitcoin in terms of the market. However we must separate the Bitcoin Core project with the Bitcoin brand and the great valuations are valid for the Bitcoin brand that we see in the big media and in influential places. Regarding Ethereum there is no way to compare with Bitcoin because Ethereum's segment and transaction line is different from Bitcoin but compared to its values Ethereum has a large margin of growth.
2021? Sure Ethereum is likely to be the best coin for this year, Bitcoin has gone for its run and after reaching as high as $40,000 we are now seeing it going down to a lower price, yesterday the price was below $31,000 and this morning it has dropped to $29,500 and the way I see it, there will likely be more decrease, the question is to what extent it will reach?
With all that happening, Ethereum has been increasing and is getting close to its last ATH of $1500, it currently sits $1300. This might be the season for altcoins in USD value but I do see the actual growth in terms of BTC which means ethereum still has long way to reach its ATH.
With all that happening, Ethereum has been increasing and is getting close to its last ATH of $1500, it currently sits $1300. This might be the season for altcoins in USD value but I do see the actual growth in terms of BTC which means ethereum still has long way to reach its ATH.
Quote
But those shit erc20 tokens are making the ethereum more congested and its fees is getting above $20 for a simple transaction.
I surely agree with this @jrrsparkles and that is one big problem etheruem faced because of many shit and scam project. That really brought etheruem in a staggering foot back in 2017 because much fud was on the platform from etheruem like scalability challenges etc but I think etheruem will come up better
But I think ethereum still has difficulty beating bitcoin as the best asses of 2021 because people's and the institutions still prefer to have bitcoin as their main investment. They believe that bitcoin will increase so high, and they have time to buy bitcoin now.
Bitcoin has established itself as the most important cryptocurrency in the world. BTC is the main one because stays on the market for many years and only strengthens position. It is not for nothing that bitcoin dictates the weather in the crypto world. Therefore, it is not so easy to move from its place!
Quote
But those shit erc20 tokens are making the ethereum more congested and its fees is getting above $20 for a simple transaction.
I surely agree with this @jrrsparkles and that is one big problem etheruem faced because of many shit and scam project. That really brought etheruem in a staggering foot back in 2017 because much fud was on the platform from etheruem like scalability challenges etc but I think etheruem will come up better
Isn't it Ethereum already beat Bitcoin already last year, specially as far as the growth? And it's obvious that Ethereum could grow even more, thus potentially surpassing bitcoin again this year.
But the best thing for Ethereum though is that there are a lot of improvements in the pipeline and they are trying to address the biggest issues so far, high transaction fees (even higher than bitcoin now).
But the best thing for Ethereum though is that there are a lot of improvements in the pipeline and they are trying to address the biggest issues so far, high transaction fees (even higher than bitcoin now).
ETH is a real project and really have the best platform to be used by many project and its really possible to replace BTC on top, but it will be hard and its not easy because many still believes that Bitcoin should remain on top. They both made a new all time high this year so it will be a tough battle between this top coins.
Despite new competing blockchains, Ethereum is still the top choice among developers
Yeah, and what do they develop?
A bunch of scam, useless coins and useless projects.
Just to fool newbies and steal their money.
Ethereum is slow and expensive, now more than bitcoin.
Ethereum is not working. Fees are absolutely crazy. PoS is not going to be released anytime soon...
"Beat Bitcoin"? lol You cannot even make a transaction for less than 1 usd.
Lmao im laugh reading this, u cant be so straight like this. Ethereum is very useful, dude
. Looks, i can transfer many fund to miner as a fee transaction, which blockchain have charity feature like this?
People been saying this since ETH was created and here we are 2021 and bitcoin still controls around 70% of the crypto marketcap.
^ when you compare Ethereum to Bitcoin and then say Ethereum is better than Bitcoin then you are wrong. ethereum will never beat Bitcoin because until now there are so many shortcomings of Ethereum. The fees charged to Ethereum users are even greater than Bitcoin users. Bitcoin price is much better and also the amount of Bitcoin circulation is fixed and does not continue to increase like ethereum.
Ethereum is barely clinging to its old 2017 ATH, while Bitcoin already established a new ATH that was twice as big as the previous one. This means that Ethereum was a rather poor investment for long term, you take all the risks of Bitcoin and get less rewards. Ethereun's ATH in Bitcoin price was something like 0.132 BTC, so if you bought at that price or around it, you'll never recover from it, because even now "bullish ETH" is only 1/3 of that level. Just because ETH has some upside moment doesn't make it the best asset of 2021.
It's good that in the crypto market, coins are becoming more independent of the price of bitcoin. However, bitcoin is still the locomotive of the entire market and this should not be forgotten. So if Bitcoin allows, then Ethereum will show good growth.
So many faults to ETH, I have one account with more than 9 pending transactions that if I cancel, I will have to pay fees just cancelling, I no idea why so the tokens stays there still. I don't know what makes the metamask I have that makes it very difficult to operate lol increasing my gwei to at least pay $15 for the transaction but it still stuck. ETH is good, it's just not something that will beat BTC.
No doubt Ethereum is top altcoin available in the market and its tough competition to Bitcoin but the point of it overtaking or outraging btc is not true In light of any event because it serve a different purpose.The btc was first crypto if it's type developed say on version 1.0 then ETH was built on version 2.0 and it is also built on blockchain technology but it allows others projects to build over its platform using ERC-20 tokens and many coins have been built on ETH technology which is quite a advantage of it but still it has many flaws like high transaction fees and it cannot handle loads like Bitcoin technology.Moreover EEA support behind ETH technology let's user smart contarct usage to built projects to deal with complex situation in a handy way.But still btc remain on the top of list due to advantages over other altcoins and customer trust and preference over btc network has made it strong enough to be broken by any other coins in the market even ETH.
despite new competitors coming to take the market away from the dominant blockchain but it has continued to grow far above other altcoins.
And that's also when the proliferation of scam projects started. It's no question that many projects choosing it because it's where it all started. Most of the successful projects today made it through Ethereum. Because of that, other project developers have seen and knew how easy and quick it is to use Ethereum for their projects. But to have a ratio, IMHO, out of 100, I guess 2-5 are only good.
I read the topic in ibtimes.com and I find it looking interesting
KEY POINTS WERE NOTED AS
Despite new competing blockchains, Ethereum is still the top choice among developers
Fees have contributed to Ethereum’s growth
The total value locked in decentralized finance is now $26.55 billion
On my own contribution, I think the etheruem platform has got advantage on this because it has a wide coverage because
The majority of the cryptocurrencies were actually ERC-20 tokens built on Ethereum platform, despite new competitors coming to take the market away from the dominant blockchain but it has continued to grow far above other altcoins.
Can you explain it briefly? What is the actual positive thing of building all those shit projects on the same blockchain? It isn't going to make any changes if it was build on the different blockchains right.KEY POINTS WERE NOTED AS
Despite new competing blockchains, Ethereum is still the top choice among developers
Fees have contributed to Ethereum’s growth
The total value locked in decentralized finance is now $26.55 billion
On my own contribution, I think the etheruem platform has got advantage on this because it has a wide coverage because
The majority of the cryptocurrencies were actually ERC-20 tokens built on Ethereum platform, despite new competitors coming to take the market away from the dominant blockchain but it has continued to grow far above other altcoins.
But those shit erc20 tokens are making the ethereum more congested and its fees is getting above $20 for a simple transaction.
Nothing is impossible actually or indispensable too but for now etheruem is still the choice after bitcoin in cryptocurrency rating. Nobody is thinking etheruem won't be overtaken but we can also see the chain of activities in crypto world. We see if etheruem goes bear many projects also drop. And in general talking about bitcoin also when yearn.finance (YFI) went pass bitcoin because of pump, it has stabilize @$29,855 now and bitcoin still topping @$31,889. But the thread isn't whether etheruem will be the best altcoin in future but it has all the factors including
1. Low fees
2.Fast transaction delivery
3.Large network coverage
4.Ground for ICO projects
5.Network update and technological growth.
We all know that all these factors are not enough for being second best. There are also faster and zero fee coin like a NANO. Or the faster NEO. However, this does not mean that they have to replace ETH. In fact, that is not even the point here, it is a matter of passing BTC. Look at the charts on the market, almost all of them repeat the chart of BTC. In this case, what beat can we talk about? and this situation will continue as long as this market survives! 1. Low fees
2.Fast transaction delivery
3.Large network coverage
4.Ground for ICO projects
5.Network update and technological growth.
Despite new competing blockchains, Ethereum is still the top choice among developers
Yeah, and what do they develop?
A bunch of scam, useless coins and useless projects.
Just to fool newbies and steal their money.
Ethereum is slow and expensive, now more than bitcoin.
Ethereum is not working. Fees are absolutely crazy. PoS is not going to be released anytime soon...
"Beat Bitcoin"? lol You cannot even make a transaction for less than 1 usd.
Stop fooling yourself it's never going to happen, can't you see that Ethereum was able to reach 1450$ because of bitcoin? Every bullshit trend starts from the top coin (bitcoin), people will consider bitcoin first before ETH and nothing can change this, Ethereum will remain the second best coin or even lose the position to another altcoin but none can win over bitcoin position
Every week the same topic is take out? Ethereum has not chance to "beat Bitcoin". In order to have your dream come true 2 things have to happen:
- Ethereum get to the point it can properly handle the load (i.e. lower the fees). No matter how you try to market them, they are still abnormal. (maybe possible to fix in the future)
- Something extremely bad has to happen in Bitcoin, like a (real) flaw that makes people lose money. (good luck with that).
Jump to: