When an altcoin can pass Bitcoin on the top rank? I don't see any chance of an altcoin overtaking Bitcoin in the next few years. Have you checked its market caps? Today, Bitcoin market cap is $906,925,783,598 and Ethereum market cap is $494,701,320,665. The gap is quite far and unlikely to pass in the near future. Moreover, Ethereum has a problem with gas fees, which may affect a bit on Ethereum reputation. So, for me, thinking any altcoin to pass Bitcoin rank is not the right time for now?
Topic: What if Bitcoin is overtaken by Ethereum in market cap? - page 2. (Read 500 times)
Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
There was a time years ago in which ethereum was very close to achieve this and there was a difference of only a few billion dollars between the market cap of bitcoin and ethereum, so the scenario that you are presenting had a chance of happening back then, however now the difference between bitcoin and ethereum is so massive that I find it difficult to believe we are ever getting that close to that happening again, since the position of bitcoin not only as the most dominant coin of this market but as a store of value seems to be secure for the long term thanks to institutional investors.For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
There was a time years ago in which ethereum was very close to achieve this and there was a difference of only a few billion dollars between the market cap of bitcoin and ethereum, so the scenario that you are presenting had a chance of happening back then, however now the difference between bitcoin and ethereum is so massive that I find it difficult to believe we are ever getting that close to that happening again, since the position of bitcoin not only as the most dominant coin of this market but as a store of value seems to be secure for the long term thanks to institutional investors. For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
The sole reason that Bitcoin keeps on increasing it's value each and every year passed is more than enough of an evidence as to why no altcoin is a threat on Bitcoin's dominance in crypto market.
ETH has made a lot of changes and upgrades to fix it's scalability and everything, but it didn't even get near close as a threat to take over Bitcoin's spot.
Those questions you ask can be answered once It's actually happening.
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Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
Gold and silver are both precious metals, they have their different qualities which can be seen and felt, and because of this, their prices can never be the same.For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
But for cryptocurrencies, the case is quite different, bitcoin and Ethereum are both digital currencies built on written codes, there's no way to tell which code is more quality, and this is why what mainly drives crypto prices is demand and supply, if in the future, Ethereum's demand becomes much more higher than bitcoin's demand causing Ethereum to flip bitcoin in ranking, I don't see this as any thing to really worry about, there was never a time bitcoin was gold, people named it digital gold cus of how valuable it became.
Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
The sole reason that Bitcoin keeps on increasing it's value each and every year passed is more than enough of an evidence as to why no altcoin is a threat on Bitcoin's dominance in crypto market.
ETH has made a lot of changes and upgrades to fix it's scalability and everything, but it didn't even get near close as a threat to take over Bitcoin's spot.
Those questions you ask can be answered once It's actually happening.
In cryptocurrency everything can happen including Ethereum will take over bitcoin in the market, if that will happen then cryptocurrency will change and will not be good in the eyes of new players as if the ruler of crypto is Ethereum even though in terms of market use today Ethereum continues to be in a hurry instead of bitcoin, but bitcoin will forever remain the mother of all altcoins and the safest.
Of course the crypto market will possibly create changes but no one will change the fact that bitcoin will always be the most valuable and most profitable crypto in the market. New comers will surely choose ethereum over bitcoin when it comes to market cap, but if you are still doing DYOR just before coming in the market, you will never entrust your funds fully on ethereum as bitcoin will always be better than it, and its adoption is more massive compared to ethereum. However, we have noticed these days that ethereum is even more stable than bitcoin but i think at the end of the day, bitcoin will still make it to the top. I don't think this is ever possible, that's why it is called altcoin. In price, in market cap, in volume, in 24he's volume or market cap, I don't think it can ever overtake bitcoin
Overtaking Bitcoin is the wish of all Altcoins, but it has always been a dream that never comes true because Bitcoin is always going strong every year on all sides, so this can be impossible even though it is basically very possible.I don't think this is ever possible, that's why it is called altcoin. In price, in market cap, in volume, in 24he's volume or market cap, I don't think it can ever overtake bitcoin
Overtaking Bitcoin is the wish of all Altcoins, but it has always been a dream that never comes true because Bitcoin is always going strong every year on all sides, so this can be impossible even though it is basically very possible.
I cannot see anything tarnishing each other what will be will be, if what you envisage happen in real world we will still have institution who will still go for Bitcoin because it has stand the test of time.
I don't think this is ever possible, that's why it is called altcoin. In price, in market cap, in volume, in 24he's volume or market cap, I don't think it can ever overtake bitcoin
It would be very difficult for ethereum to overtake bitcoin, I really don't see it happening anytime soon. Btc holds over 40% of the entire coin market and ethereum holds only about 21%. This implies that Bitcoin is over 100% more than ethereum in terms of market capitalisation.
It could happen and it wouldn't take anything away from Bitcoin; probably besides newbies thinking that it's not the "best cryptocurrency" anymore. If it's the case that it happens, Bitcoin will still remain most secure simply because of it being simple and doing it's one job really well.
In a market where there's peak speculation, it just makes sense for Ethereum to overtake Bitcoin by marketcap(most probably temporarily) simply because you can do a lot more speculation with the Ethereum chain(NFTs and tokens and stuff).
I disagree with the statement that if ethereum overtakes bitcoin in terms of capitalization, it will still not take anything away from bitcoin. If ethereum is ahead of bitcoin in terms of capitalization, this will also mean that ethereum will already dominate the cryptocurrency market. True, if the superiority of ethereum over bitcoin in terms of capitalization is insignificant, then it will not be particularly noticeable in the level of dominance. Already various experts in this market have expressed their opinion that this can happen. In a market where there's peak speculation, it just makes sense for Ethereum to overtake Bitcoin by marketcap(most probably temporarily) simply because you can do a lot more speculation with the Ethereum chain(NFTs and tokens and stuff).
I doubt if anything such would ever happen. Bitcoin is on the top of the stack and it’s difficult for any other cryptocurrency to reach that place. I have high hopes from ethereum also but don’t think that it will ever be able to overtake bitcoin.
By the way, to be on the safer side, I have put my money in both of them- bitcoin and ethereum. Just waiting for the right time to make a big move.
It won't happen, don't worry.By the way, to be on the safer side, I have put my money in both of them- bitcoin and ethereum. Just waiting for the right time to make a big move.
These questions are usually coming when someone has that thought and wants some answer to know what other people think when that happens.
Whether it's just a situational question, there's still some curiosity that builds on our minds.
I doubt if anything such would ever happen. Bitcoin is on the top of the stack and it’s difficult for any other cryptocurrency to reach that place. I have high hopes from ethereum also but don’t think that it will ever be able to overtake bitcoin.
By the way, to be on the safer side, I have put my money in both of them- bitcoin and ethereum. Just waiting for the right time to make a big move.
Putting the money in both bitcoin and ethereum will be great as both bitcoin and ethereum can give us profit in the future. I do not imagine what will happen if bitcoin is overtaken by ethereum in the market cap but as long as bitcoin still lead the market, that will not happen. But just in case that happens, that can change the crypto market to a new thing. We know everything is possible, although that is hard to happen to bitcoin so we need to use the benefit and take as much profit as possible before the chance is gone. By the way, to be on the safer side, I have put my money in both of them- bitcoin and ethereum. Just waiting for the right time to make a big move.
I doubt if anything such would ever happen. Bitcoin is on the top of the stack and it’s difficult for any other cryptocurrency to reach that place. I have high hopes from ethereum also but don’t think that it will ever be able to overtake bitcoin.
By the way, to be on the safer side, I have put my money in both of them- bitcoin and ethereum. Just waiting for the right time to make a big move.
By the way, to be on the safer side, I have put my money in both of them- bitcoin and ethereum. Just waiting for the right time to make a big move.
For how long? That is a very important question that needs to be asked in this topic. If it passes bitcoin for 10 days and then goes back and never passes it or at least doesn't for many years, then it doesn't really matter at all.
For a little while it will impact the market shortly but in the end it will stop impacting it for a long time. Then there is a chance that it passes bitcoin and it doesn't lose that position for years, in that case we are talking about something major, maybe even crash of bitcoins importance and all other altcoins stop caring about bitcoin and ignoring it. In that case maybe coins will be looked at ETH pairs along with USDT instead of btc and usdt right now, or we may even start an individual situation for each coin which could be interesting. All in all, what happens will depend on how long ETH will stay on top.
For a little while it will impact the market shortly but in the end it will stop impacting it for a long time. Then there is a chance that it passes bitcoin and it doesn't lose that position for years, in that case we are talking about something major, maybe even crash of bitcoins importance and all other altcoins stop caring about bitcoin and ignoring it. In that case maybe coins will be looked at ETH pairs along with USDT instead of btc and usdt right now, or we may even start an individual situation for each coin which could be interesting. All in all, what happens will depend on how long ETH will stay on top.
It could possibly happen since we can't also deny the fact that Ethereum has a huge potential to strike higher in the future but I don't think it would affect Bitcoin negatively. Any altcoin could rise higher than Bitcoin but no coin could tear it down since it is well established and built with a firm foundation. Bitcoin will always be the king of all cryptocurrencies.
Or any other alt coin for that matter? I'm wondering if and how it would damage/tarnish Bitcoin's reputation as the Gold standard of all cryptos. I believe it may also affect how institutions view bitcoin, and it may even affect the idea of digital scarcity. No longer can we assume that bitcoin (or its usurper) will remain #1 forever, so how can you imagine it as a safe long term store of value or preserver of wealth? Is the idea of true digital scarcity threatened if bitcoin loses it's #1 rank?
For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
The fact that ETH has no total supply and even its founder doesn't really know how much ETH is in circulation, then the idea of it surpassing BTC is just a dream. Institutions and even countries support BTC not ETH due to BTC dominant For example, I imagine it would be like silver flipping gold's market cap, (which is practically unthinkable) however, this event would forever alter how gold is perceived, especially by new potential investors.
decentralised traits. However, if this happens, it will really affects how people see BTC. It would change what the criterias for digital gold will be.
It is impossible for any other cryptocurrency to overtake bitcoin, where are all those altcoins that the price was higher than bitcoin example YFI. It is not by price it is about trust people have built around bitcoin over time.
Overtaking Bitcoin is not only seen in terms of the price per unit, but also must be seen from the amount of volume circulating in the market or in the marketcap in general, if it is bigger, then anyone will be in the top position, but from what has been seen Now the Bitcoin volume is always bigger than others, it means that Bitcoin is still very much liked in cryptocurrency. Jump to: