Topic: What if Bitcoin is overtaken by Ethereum in market cap? - page 3. (Read 549 times)
actually, a great rally from ethereum always follows a great rally from bitcoin, the topic of flippening that was busy talking about when eth almost overtook the bitcoin market cap, this flippening does not only apply to ETH but all altcoins, and I think, this is impossible considering the price rally of altcoins always follow the price rally of bitcoin, bitcoin will always be at the top of the marketcap.
Base on what I saw in the market cap few days ago show that bitcoin will still remain the best coin in the market cap. Despite the massive dumping both bitcoin and altcoin in the market, no altcoin can take the position of bitcoin in this season of celebration. Bitcoin still have more population than ethereum despite the surprise move of ethereum in the market cap few weeks ago that make many investors think ethereum will become number one in the market cap.
Many investors are still making more money from bitcoin investment than ethereum which it gass fee is more higher than bitcoin in the market.
Many investors are still making more money from bitcoin investment than ethereum which it gass fee is more higher than bitcoin in the market.
If any other currency can surpass Bitcoin, there must be a reason for it.
if there is any other cryptocurrency that can surpass bitcoin then it's just a fantasy. how can the first cryptocurrency and have loyal holders be surpassed by ethereum which still has many shortcomings? altcoins can shift the ranking of other altcoins but the position of bitcoin will not be able to be shifted. 
though i know this is impossible to happen lets say "What If" ?
If ethereum overtake bitcoin meaning the blockchain technology is not that popular and people withdrawn their support towards this.
Meaning Ethereum wont even last long before being overtake again by other currencies , same scenario again and again. so it is not that to happen .
If ethereum overtake bitcoin meaning the blockchain technology is not that popular and people withdrawn their support towards this.
Meaning Ethereum wont even last long before being overtake again by other currencies , same scenario again and again. so it is not that to happen .
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.
Almost every year this question has been asked by random users who don't seem to know the reality of cryptocurrencies. Some others compared it to Gold and Silver which barely make sense because of their current price but in the meantime, before raising this kind of question, we should nag Ethereum Network about their poor development on their gas fees which is until now, hasn't been resolve yet. thanks to the big-time investors who don't care about the gas fees and leave it as it is because they want to rush their transactions even though they will pay some huge gas fees with that.
I labeled post like this as "Impossible Question" imagine that each year or earlier this question arise and we are delivering same answer that Bitcoin cannot be taken over by Ethereum with their kind of development.they cannot even release the 2.0 version? so how come that we can imagine Ethereum to break away against bitcoin.
this will never happen lol.
Almost every year this question has been asked by random users who don't seem to know the reality of cryptocurrencies. Some others compared it to Gold and Silver which barely make sense because of their current price but in the meantime, before raising this kind of question, we should nag Ethereum Network about their poor development on their gas fees which is until now, hasn't been resolve yet. thanks to the big-time investors who don't care about the gas fees and leave it as it is because they want to rush their transactions even though they will pay some huge gas fees with that.
Totally agree. Many blind investors still using it because there's still many new promising project is being built on its blockchain. Investors is chasing the profit for being an early investor before the project expand in other blockchain with much lower gas fee like Solana and BSC.
I think it will be better if Bitcoin Dominance will be distributed on other blockchain project to limit price manipulation on crypto. Because its easy to pump and dump the whole crypto market by controlling only the price of Bitcoin. All altcoins right now is still directly relying on Bitcoin price due to it's high dominance in the market.
Almost every year this question has been asked by random users who don't seem to know the reality of cryptocurrencies. Some others compared it to Gold and Silver which barely make sense because of their current price but in the meantime, before raising this kind of question, we should nag Ethereum Network about their poor development on their gas fees which is until now, hasn't been resolve yet. thanks to the big-time investors who don't care about the gas fees and leave it as it is because they want to rush their transactions even though they will pay some huge gas fees with that.
I agree only newbie and people who lack knowledge about crypto world, who will ask Bitcoin will be overtaken by Ethereum or other coins. Whereas
for people who have been in the crypto world for a long time, already understand Bitcoin will not be overtaken by any coins. Bitcoin is too strong
to be defeated by any coins, in fact many projects have been created to replace Bitcoin, but all ended in failure. Moreover, Ethereum also has
drawbacks, one of which is very high gas fees. So for now it is too impossible for Bitcoin to be overtaken by Ethereum. That's why investing
in Bitcoin is very safe and profitable, because until now Bitcoin is still the best in the crypto world. We can invest in any coins, but the largest
percentage must be in Bitcoin.
Almost every year this question has been asked by random users who don't seem to know the reality of cryptocurrencies. Some others compared it to Gold and Silver which barely make sense because of their current price but in the meantime, before raising this kind of question, we should nag Ethereum Network about their poor development on their gas fees which is until now, hasn't been resolve yet. thanks to the big-time investors who don't care about the gas fees and leave it as it is because they want to rush their transactions even though they will pay some huge gas fees with that.
Such cycles are referred to as “flippening” I am not surprised and do not faint when it happens, a phenomenon that often occurs in the crypto market, such as: crypto A overtook Crypto B, but this phenomenon never happened to Ether and Bitcoin, it's been almost 13 years.
From year to year Bitcoin always keeps a good value, you can say digital gold is the main point, Bitcoin is also backed by many big investors around the world, to be used as a crypto asset in their portfolio, so what I want to say is: although Ether wants to overtake Bitcoin's position long enough it can happen, In my opinion, because the largest and largest market capitalization from year to year in crypto asset storage is Bitcoin, so investors trust Bitcoin as the most secure asset in the world than Ether, so if you want to see the phenomenon of Ether replace Bitcoin's position, maybe you need 50 years in the future, but can't guarantee and ensure that it can happen.
So, from now on you save as much Ether as possible, maybe 50 years from now, your dream will come true.
From year to year Bitcoin always keeps a good value, you can say digital gold is the main point, Bitcoin is also backed by many big investors around the world, to be used as a crypto asset in their portfolio, so what I want to say is: although Ether wants to overtake Bitcoin's position long enough it can happen, In my opinion, because the largest and largest market capitalization from year to year in crypto asset storage is Bitcoin, so investors trust Bitcoin as the most secure asset in the world than Ether, so if you want to see the phenomenon of Ether replace Bitcoin's position, maybe you need 50 years in the future, but can't guarantee and ensure that it can happen.
So, from now on you save as much Ether as possible, maybe 50 years from now, your dream will come true.
I'll take the under on that. And btw, Ether hasn't been out for 13 years so you can't throw that comparison out there. It has been out for 6 now, and in that time has outperformed Bitcoin. Nothing to say it can't flip it in the coming months (which I think will undoubtedly happen), and also nothing to say that tarnishes BTC reputation moving ahead. I envision a market where BTC does not need to be #1, yet still operates and functions as the reserve asset of this market and the gold standard.
I understand your point but you are enclosing yourself within "four walls," actually if it happens the related financial factors are analyzed, but as for what you mention as reputation, being number one in a certain statistic, etc, it is about the trust that is have in the bitcoin and its strength as a project or maybe that does not happen with ETH (!?) to stay there in the fight to be second.
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?
You contradict yourself, you said it is gold standard, then how can it be overtaken by an alt coin?
And it has been attempted already, it is called the Flippening (ETH) and Rippening (Ripple), but they didn't succeed. And with the way bitcoin is pegged right now? I doubt that any alt coin can overtake it.
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.
Again, I doubt that it will also happen, prime movers like BTC and Gold will remain on the top of the game.
What will happen? I'll simply be even more disappointed with humanity that it will have evaluated a so non-decentralized currency, but that's all. Bitcoin has managed to do its job pretty well from the very first day. It's peer-to-peer, decentralized, censorship-resistant money.
I can't think of another currency that has a better policy other than bitcoin. It's the hardest cash and satisfies the conditions of the greatest, so far, store-of-value asset we've ever witnessed.
So yeah, I'll just be more disappointed with humanity. I don't exclude this as a possibility, but I doubt it'll ever happen.
I can't think of another currency that has a better policy other than bitcoin. It's the hardest cash and satisfies the conditions of the greatest, so far, store-of-value asset we've ever witnessed.
So yeah, I'll just be more disappointed with humanity. I don't exclude this as a possibility, but I doubt it'll ever happen.
Market cap is not important in this case. Ethereum platform has an unlimited supply of coins, BTC is locked at 21000000
Eventually no matter what happens you are going to have 1000s if not 100s of thousands more ETH then BTC so even if 1BTC = $250000 and 1ETH =$1 you can predict a future where the market cap of ETH is more then BTC
Or to use an automotive example. The dollar value of all the Honda Accords on the road is going to be way more then the dollar value of all the Lambos on the road. Because every *day* Honda makes hundreds and hundreds more Accords then Lamborghini makes cars in a year.
-Dave
Eventually no matter what happens you are going to have 1000s if not 100s of thousands more ETH then BTC so even if 1BTC = $250000 and 1ETH =$1 you can predict a future where the market cap of ETH is more then BTC
Or to use an automotive example. The dollar value of all the Honda Accords on the road is going to be way more then the dollar value of all the Lambos on the road. Because every *day* Honda makes hundreds and hundreds more Accords then Lamborghini makes cars in a year.
-Dave
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.
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.
It already happened back in 2018 when ethereum reached it's new all time high that time, it surpassed bitcoin marketcap but just for less than a week.
So i think it's possible for other alts to surpass bitcoin but just for a moment, people still keep trust on bitcoin at the end when the market crash because they know bitcoin won't crash as much as other coins.
If in the future there is a coin that really replace bitcoin not only for a moment but in a long run, i'm sure at that time crypto adoption is already everywhere and the total marketcap would be 10x times from now.
That'd be massive but I don't believe it will following their continuous outrage in gas fees which limits their users which looks like it might be fixed soon but I doubt it ever will
Marketcap is not only indicator to assess quality of one project. A shit coin with huge total supply can have huge marketcap but it does not mean anything about its quality.
Moreover, ecosystem is built around that project is more important. Ok I know both Bitcoin and Ethereum have good ecosystems.
One more thing, how long Ethereum will be able to keep its first position even if it can overtake Bitcoin? It is very important. A short term of overtake does not mean Ethereum is bigger and better than Bitcoin.
Bitcoin is in a first position many years and a few days or weeks lose it to Ethereum won't change a fact that Bitcoin is still a permanent Kind in crypto market.
Moreover, ecosystem is built around that project is more important. Ok I know both Bitcoin and Ethereum have good ecosystems.
One more thing, how long Ethereum will be able to keep its first position even if it can overtake Bitcoin? It is very important. A short term of overtake does not mean Ethereum is bigger and better than Bitcoin.
Bitcoin is in a first position many years and a few days or weeks lose it to Ethereum won't change a fact that Bitcoin is still a permanent Kind in crypto market.
A concept cannot be destroyed by temporary market movements.
The concepts of Bitcoin scarcity and Bitcoin being a store of value cannot be taken away,just because some altcoin is riding the speculation wave and has a bigger market cap.
If we unite all the shit tokens,NTFs,DeFis,etc.,which are living under the Ehtereum blockchain,then yes,Ethereum most likely will have a bigger market cap than BTC in the future.
However,that doesn't make the Ethereum concept better than the Bitcoin Core concept.
It just makes Ethereum(tokens,NFTs,DeFi) more desirable for all the greedy pump&dump investors,who are looking for the next "shiny object".
The concepts of Bitcoin scarcity and Bitcoin being a store of value cannot be taken away,just because some altcoin is riding the speculation wave and has a bigger market cap.
If we unite all the shit tokens,NTFs,DeFis,etc.,which are living under the Ehtereum blockchain,then yes,Ethereum most likely will have a bigger market cap than BTC in the future.
However,that doesn't make the Ethereum concept better than the Bitcoin Core concept.
It just makes Ethereum(tokens,NFTs,DeFi) more desirable for all the greedy pump&dump investors,who are looking for the next "shiny object".
The market cap is just one irrelevant and manipulative way of displaying the value of a cryptocurrency, which should never be important. The price of a digital asset multiplies by the current number of units of that asset and then we get a market cap, and the fact that BTC has just under 19 million coins in circulation, and ETH more than 118 million is enough for anyone who thinks a little.
Probably the owner of that altcoin now regrets not making 200+ million tokens to put him in the first place - but no matter what, altcoins will always be altcoins - although we know many want that altcoin to become the new king and make them rich.
Probably the owner of that altcoin now regrets not making 200+ million tokens to put him in the first place - but no matter what, altcoins will always be altcoins - although we know many want that altcoin to become the new king and make them rich.
It doesn't matter i guess, i mean there's no changes will happen wherein only that thing and for sure bitcoin will stay number one even though ethereum has a very fast market cap in the market , and i saw many speculation about it and you know a bunch of articles analyst saying that ethereum can surpass bitcoin market cap in the future, so its not surprising anymore and perhaps not a big deal since ethereum is the second of the most trusted projects in crypto. It's normal in my personal opinion.
Jump to: