Topic: What if Bitcoin is overtaken by Ethereum in market cap? (Read 500 times)
IMO, I think it's not going to happen even in the next five years time because there are many factors to be considered before that so-called flip will happen, for example, the total supply can be also a factor because Bitcoin has only 21 million fixed supply and Ethereum will be a hundred of millions more so that simple data can be one of the major reason why it will not happen.
No one can predict with certainty whether it will happen or not, because we will not know what will happen in the future.
Bitcoin is still 2 times bigger than Ethereum and now Bitcoin will take Ethereum as a serious competitor here.
So I think Bitcoin's profit in the future will be greater than Ethereum and Ethereum is only able to compete but will not replace it and this story has been around for a long time and until now has not happened because it is only able to compete.
Bitcoin is still 2 times bigger than Ethereum and now Bitcoin will take Ethereum as a serious competitor here.
So I think Bitcoin's profit in the future will be greater than Ethereum and Ethereum is only able to compete but will not replace it and this story has been around for a long time and until now has not happened because it is only able to compete.
Although it may be possible, but the possibility is very small. The cap of BTC and ETH are far enough, ETH is only about a half of BTC. Additionally, Bitcoin is the first and the most valuable crypto asset. So, I will think that everyone moreover BTC holder will never let other cryptocurrencies to pass its market cap. Although Ethereum will also grow and rise up its market cap, BTC will also do the same.
And we have known so far, some coins also always state about the next Bitcoin, the one that can pass Bitcoin and others. They may pass in the price, but will not be longer such as YFI, and they cannot still also pass the market cap of Bitcoin itself.
And we have known so far, some coins also always state about the next Bitcoin, the one that can pass Bitcoin and others. They may pass in the price, but will not be longer such as YFI, and they cannot still also pass the market cap of Bitcoin itself.
as crazy as it seems, ETH's marketcap is increasing a lot every day now it's us:
BTC = $885,524,198,420
ETH = $447,374,809,482
source: https://coinmarketcap.com/
at this rate in a few years ETH may be number 1, but that won't be the end of the world, but we also have to take into account that if many projects disappear then this ETH marktcap may not be able to surpass bitcoin
BTC = $885,524,198,420
ETH = $447,374,809,482
source: https://coinmarketcap.com/
at this rate in a few years ETH may be number 1, but that won't be the end of the world, but we also have to take into account that if many projects disappear then this ETH marktcap may not be able to surpass bitcoin
On the one hand, I see that it is possible for Ethereum to overtake Bitcoin as it is more innovative and it is capable of performing much more functions than Bitcoin. On the other hand,people trust Bitcoin more than any other currencies, they use it not only as investment,but also as a means of payment, so I it gains more and more popularity within time. The question is whether this tendency will continue or not.
It does not matter at all if ethereum can do one thousand different things and bitcoin only one, bitcoin can do that one thing in a masterfully way and that is more than enough for bitcoin to remain at the top, we are in times of crisis and what it is needed more than ever is a strong and hard currency, and bitcoin does exactly that, so the demand for bitcoin will always be there as there is no coin that is anywhere near bitcoin when it comes to adoption, while ethereum could always lose some ground against new coins that do in a better way some of the things it does. I see it only as speculation that will not happen, because in my opinion even if eth will take over power over bitcoin it doesn't feel like it will last long, because it has been a long time since bitcoin was born and until now no other type of coin has been able to beat Bitcoin's market cap is number one, bro.
It is precisely because bitcoin has been the number one cryptocurrency for too long that this can happen. Bitcoin is now the slowest in transactions of all cryptocurrencies. He also has one of the most expensive. Ethereum addresses the same flaws with an unprecedented upgrade for a year now, including the move from PoW to PoS. This could allow ethereum to bypass Bitcoin in terms of capitalization. Already this year, ethereum is showing good results, including a 230 percent price increase over Bitcoin.
Bitcoin and Ethereum share similar feature of being a cryptocurrency but they have their peculiarities, while Bitcoin is basically used for transactions and store of value, Ethereum's main selling point is it's usage for deploying smart contract tokens.
Although marketcap is useful in introducing newbies to Cryptocurrency, old timers are still very familiar and still use coins such as Monero, Zcash, Dash, Tron, etc that used to be top coins but are no longer in the top 20.
Bitcoin will continue to serve it's purpose irrespective of it's marketcap leadership status.
Although marketcap is useful in introducing newbies to Cryptocurrency, old timers are still very familiar and still use coins such as Monero, Zcash, Dash, Tron, etc that used to be top coins but are no longer in the top 20.
Bitcoin will continue to serve it's purpose irrespective of it's marketcap leadership status.
legendary
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I see it only as speculation that will not happen, because in my opinion even if eth will take over power over bitcoin it doesn't feel like it will last long, because it has been a long time since bitcoin was born and until now no other type of coin has been able to beat Bitcoin's market cap is number one, bro.
And until now there has been no other coin that has been able to beat the Bitcoin market cap because Bitcoin has a very large market cap and its value often experiences spikes in the market which makes it difficult for its competitors to overtake it in the top positions.
This will not have a big impact on Bitcoin. Bitcoin plays the role of a giant in cryptocurrency. Now the development of Ethereum is indeed getting better and better, but Bitcoin is also developing for the better. If Ethereum surpasses Bitcoin, the usage rate of Bitcoin may be lower than it is now. But some people will still choose Bitcoin.
If that happens anytime soon. Then the real crypto war would begin. And only those with good fundamentals will succeed, meme coins like DOGE and SHIB will be gone. IMHO.
I'm ready, my portfolio is full-packed with low mcap altcoins with high possibility to go to top 100. $URUS and $CHAIN are currently my favorite along with $ARNX and $ASM
I'm ready, my portfolio is full-packed with low mcap altcoins with high possibility to go to top 100. $URUS and $CHAIN are currently my favorite along with $ARNX and $ASM
Well possibly, not gonna happen this time but has chances to happen in the future.
Of course, it won't happen in the near future. That's why not worth talking about it now. Although Ethereum market cap is almost passed Bitcoin market cap, doesn't mean to happen soon.But it will be a real opposition on the vision of satoshi as bitcoin will always take the lead and altcoins will only serve as an alternatives.
Is Satoshi vision to make BTC always leading all crypto coins? I think Satoshi has no problem if any altcoin can pass BTC market cap. In addition, once ETH market cap can pass BTC market cap, doesn't mean ETH becomes the opposition of BTC.
This is the hope of users and investors, if there is a coin that beats bitcoin it will make the market less dependent on bitcoin performance, as we know that currently the price of altcoins is very dependent on the price of bitcoin.
BITCOIN is the mother of all cryptocurrencies. he is the first digital currency with a target to shift the position of cash.
and a few years after that, new coins emerged that wanted to touch the market capitalization of bitcoin, indeed at that time there was not a single coin that could touch the market capitalization.
But it is undeniable that with the rapid development of technology, it is not impossible that altcoins will one day replace bitcoin
There are some coins that may have the opportunity to overtake bitcoin in a number of ways, such as functionality, sustainability, speed and volatility.
There are some coins that are best positioned to replace bitcoin in some ways
Among others are :
1. In terms of functionality: Ethereum (ETH)
2. In terms of speed: Solana (SOL)
3. In terms of sustainability: Cardano (ADA)
4. In terms of volatility: Digital dollar
Bitcoins will last a long time,may no longer be valuable, or vice versa. we will see together in the future
and a few years after that, new coins emerged that wanted to touch the market capitalization of bitcoin, indeed at that time there was not a single coin that could touch the market capitalization.
But it is undeniable that with the rapid development of technology, it is not impossible that altcoins will one day replace bitcoin
There are some coins that may have the opportunity to overtake bitcoin in a number of ways, such as functionality, sustainability, speed and volatility.
There are some coins that are best positioned to replace bitcoin in some ways
Among others are :
1. In terms of functionality: Ethereum (ETH)
2. In terms of speed: Solana (SOL)
3. In terms of sustainability: Cardano (ADA)
4. In terms of volatility: Digital dollar
Bitcoins will last a long time,
On the one hand, I see that it is possible for Ethereum to overtake Bitcoin as it is more innovative and it is capable of performing much more functions than Bitcoin. On the other hand,people trust Bitcoin more than any other currencies, they use it not only as investment,but also as a means of payment, so I it gains more and more popularity within time. The question is whether this tendency will continue or not.
If ever ETH flipped BTC, only means one thing to me, altcoins with great fundamentals will go parabolic. Why? simple because big investor will not hesitate to invest in these small and new projects.
I'm looking x100 for URUS, CHAIN and $ANRXfor 2022.
I'm looking x100 for URUS, CHAIN and $ANRXfor 2022.
Investors, whether they are beginners or seniors, already know when to open a position and queue to trade, hands-on experience is more important.
Bitcoin is indeed the parent in popularity, market capitalization / trend mover and so far bitcoin is still number 1 before ethereum. although not all crypto follows the bitcoin trend.
It doesn't matter because Ethereum is worth it, but the activities (takers/makers we can see in the market) are transparent and measurable.
Is there a website link that discusses the capitalization of gold to silver as you mentioned?
I will study.
Bitcoin is indeed the parent in popularity, market capitalization / trend mover and so far bitcoin is still number 1 before ethereum. although not all crypto follows the bitcoin trend.
It doesn't matter because Ethereum is worth it, but the activities (takers/makers we can see in the market) are transparent and measurable.
Is there a website link that discusses the capitalization of gold to silver as you mentioned?
I will study.
This has been wondered at for a very long time due to ETH smartcontract plartform, ETH no more has the monopoly to smartcontract usability. Infact we have SOL, AVAX, LUNA, BSC, Polygon taking a dive at the ETH marketcap. BTC will remain the king, a project is working on BTC smartcontract that I think is STX coin.
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.
What if silver goes up or loses value do people still believe in precious metals, yep. Bitcoin might take a lump or two and something might overtake it in mcap shortly but in the long run most of the garbage in the "top 50" will be found to be unnecessary let along things like meme coins lol
Even we may expect about the chance of Ethereum beating Bitcoin market cap, in fact, it is still far away. We see that right now, the ETH market cap is only about 50% of Bitcoin's. So, this still needs much time to do it. And during the days, Bitcoin market cap will be also increasing.
And we need very big news or reason why Ethereum can defeat Bitcoin market cap.
And we need very big news or reason why Ethereum can defeat Bitcoin market cap.
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.
I don't think so bitcoin loses the current rank it has, being the #1 with biggest subscribers who've been holding huge quantities; that's impossible eth would overtake btc. Many people said mere perspectives, but that doesn't give them fears over as they all knew how strong is the Bitcoin community was. Potential news investors relied with how a coin run through years, and Bitcoin had been through a lot of rising and falling scenario so it's by trend the value depends.
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?
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.
legendary
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Leading Crypto Sports Betting & Casino Platform
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.
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.
Bitcoin currently has 38% share of the total crypto market capitalization. It's a huge share, and while Ethereum gained some ground over the years, it's still only about twice as big as Bitcoin, so I don't find the event the op describes likely. But even if it happens, I don't think it's the end for Bitcoin or anything. I mean, look at Ethereum that's stably been #2. It also grows in price, and overall experiences similar ups and downs to the price dynamic of Bitcoin. So even if Bitcoin were no longer the king of cryptos, it would still be one of the most reputable cryptos ever.
Never say never, while this might be not realistic today, such a scenario could happen quickly in the future. First of all it would take some prominent investors to push a particular alt coin. ETH might be in a good position right now to eventually break the bitcoin correlation. As long as a drop in bitcoins sends all the other crypto coins down too, it's hard to imagine any coin to surpass bitcoins. But it is just a matter of time for other strong crypto coins to be independent.
If that happens I think we will see a downward spiral for bitcoins. Because many investors just buy bitcoins because it is the largest crypto market. If there is a more successful coin out there I would expect many investors to sell their BTC for that new coin.
If that happens I think we will see a downward spiral for bitcoins. Because many investors just buy bitcoins because it is the largest crypto market. If there is a more successful coin out there I would expect many investors to sell their BTC for that new coin.
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.
The gold standard of Bitcoin in crypto is not based on the market cap I suppose. Bitcoin is crypto's gold because of its features and not because of its price. In the same manner that gold is the standard even if it is not the most expensive, the most rare, the most coveted, and so on of all precious metals and stones.
Ethereum may overtake Bitcoin's market cap in the future but it can never ever replace Bitcoin's features. At the end of the day, Ethereum is just another creation inspired by Satoshi's Bitcoin.
Ethereum may overtake Bitcoin's market cap in the future but it can never ever replace Bitcoin's features. At the end of the day, Ethereum is just another creation inspired by Satoshi's Bitcoin.
What will happen is that Ethereum will remain a centralized, 70% premined piece of shit and vastly less secure than Bitcoin.
Unfortunately most people wouldn't care about decentralization, until it matters(state level attacks and such). I see a lot of parallels between decentralization and privacy of platforms; whereas a lot of people don't care about their privacy when it comes to the likes of Facebook. Quite an unfortunate truth, but it is what it is.
What will happen is that Ethereum will remain a centralized, 70% premined piece of shit and vastly less secure than Bitcoin.
Whether we like it or not, it seems to have more growth potential in the userbase because of the speculation potential, as mk4 comments, and that would be the main reason why some authors like Raoul Pal see more growth potential.
Whether that argument is correct remains to be seen, but I'll stick with decentralization and security.
Whether we like it or not, it seems to have more growth potential in the userbase because of the speculation potential, as mk4 comments, and that would be the main reason why some authors like Raoul Pal see more growth potential.
Whether that argument is correct remains to be seen, but I'll stick with decentralization and security.
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).
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).
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.
Platinum has done that in value per kilo though it has many of the same properties as gold, is less reactive, more conductive and used as a catalyst in a lot of places.
I'm not sure if perceptions changed kuch with that as gold didn't seem to do too much better out of it. Eth might be different though but I think there would be a lot more caution by institutional investors due to the increased potential for vulnerabilities (because it has extra functions).
Currently, it is already 52.6% market cap of Ethereum before it will flip Bitcoin on market cap (https://www.blockchaincenter.net/flippening/)
Ok, let's do some "what if" here. For me if ever that will happen, Bitcoin will stay, Ethereum will stay. We all know that they have different capabilities, so I don't so that it is good to compare these two. As you said, Bitcoin can be the gold, and Ethereum can be the silver.
Digital scarcity can be also be threatened if Bitcoin loses the top market cap, I can agree with this, there is a possibility as since the beginning Bitcoin is the first cryptocurrency, always the highest market cap, and since day 1, always the store of value digitally.
Ok, let's do some "what if" here. For me if ever that will happen, Bitcoin will stay, Ethereum will stay. We all know that they have different capabilities, so I don't so that it is good to compare these two. As you said, Bitcoin can be the gold, and Ethereum can be the silver.
Digital scarcity can be also be threatened if Bitcoin loses the top market cap, I can agree with this, there is a possibility as since the beginning Bitcoin is the first cryptocurrency, always the highest market cap, and since day 1, always the store of value digitally.
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.
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