Topic: What if Ethereum replaces Bitcoin someday? (Read 8197 times)

Ethereum and bitcoin are presently on the high value, the rule closely in among all other Cryptocurrency, though the usage effeciency of ethereum tends to be more than the bitcoin. Ethereum makes a vital blochchain, and doesn't really act at bitcoin in circulation as bitcoin. Bitcoin is more of the direct currency available for usage.ethereum can easily birth more currency. I feel it is better ethereum remain the bedrock of the currency, and make a platform for bitcoin than taking over from bitcoin.

That's certainly true, mate. But even so, Ethereum has the potential of outpacing Bitcoin because of its many advanced functionalities. Smart contracts allows Ethereum to be used in areas far beyond that of finance. It's no secret that Ethereum is one of the most actively developed and maintained cryptocurrencies after Bitcoin. With Vitalik on-board, you could expect Ethereum to be quite successful in the mainstream world. After all, Vitalik is one of the greatest minds in the Blockchain space right now.

I believe that the reason why ETH has been uncapable of replacing Bitcoin, is because the latter has first-mover advantage. Bitcoin is (and will always be) the most trusted cryptocurrency in the world for a very good reason. It's the oldest cryptocurrency in existence with a tried-and-tested blockchain network for decentralized finance. Ethereum may be doing good ever since it launched back in 2015, but it still has a long way to go to if it wants to replace Bitcoin (which I doubt it ever will). The unlimited supply of ETH would make it practically impossible to overcome Bitcoin's market cap. Ethereum is better as a complement to the Bitcoin blockchain than anything else.

Nonetheless, it's certain that many wild and unexpected things happen in crypto land. Ethereum replacing Bitcoin could be one of them. I've seen how worthless coins turned out to become widely popular within a short time frame (eventually replacing other coins). The same might happen with Ethereum (although not a worthless coin) in the future if it gains massive traction in the mainstream world while Bitcoin's demand remains at an All-time-low. Just my opinion

Although many people are more familiar with bitcoin than ethereum there are still a chance that the ethereum may replace bitcoin but still it have a less chance because the liquidity of bitcoin is more than the liquidity of the ethereum and bitcoin is more powerful compare to the ethereum, if this would really happen then it will really takes some time in order to replace king bitcoin by the ethereum.

Replaces about the blockchain ? I think Ethereum is already did it.
About the top crypto ? No one can replaces Bitcoin. Why ? Because Bitcoin is the first cryptocurrency. People are more familiar with Bitcoin than Ethereum.

according to my personal analysis, I think it's very unlikely because bitcoin is the top coin in the cryptoqurrency industry. bitcoin has a high sale value and many use it for future investments. but for me ETH is a potential altcoin, but will never replace bitcoin.

Absolutely, Ethereum has a really good platform making it famous and useful every time, the smart contract is really an awesome platform making any transaction faster and easier that we do not need any lawyers before and after the transaction. Maybe someday that can happen but as of now, bitcoin is still dominating the market having the biggest value and also the largest volume since it was started. Any alternative coin also cannot dominate bitcoin as of now. Maybe someday they can make or produce some innovative blockchain technology that can encourage more investors and buyers to support it.

Indeed, bitcoin is still the most used crypto of all that is why it is the number one cryptocurrency as of now. There are lots of things and businesses that are using bitcoin, such as gambling, investing and etc. We all know that ETH is next to bitcoin that is why they are comparing the two. We can see the result in the future but the most important thing as of now is the halving of bitcoin if it can make the price pumps or not.

if eth could one day replace bitcoin, it seems the world has started to apply blockchain applications in life, especially eth, a very good signal, surely those who participate in the Cryptocurrency market in the early days like us now will become rich

Of course, this alternative has only a too small hope when the arrangement from the early times favored bitcoin more, instead of eth, with exaggeration and constant pump pricing too well, factors that have led to a permanent dominance of bitcoin, eth may have potentials similar to bitcoin but the market and the people have identified their king and they want to maintain it for a long time. The replacement for a king is always a domino effect, a total collapse will occur, it takes too long to recover while everyone has a chance to follow a more stable trend, which is permanently supporting the position of bitcoin

right, it still needs a very long time for ethereum if want to replace bitcoin as it is said that in terms of price it is difficult to get close, although it cannot be denied that ethereum is also good and very reliable. but to be able to replace the possibility is very small.

LOL... this summarizes it. I have no doubt that Ethereum is a ground breaking innovation (at least when compared to the other shitcoins out there, such as DOGE and Litecoin). But most of the innovations that Ethereum brought to the market are not in use right now. The smart contract option showed a lot of promise, but the real life usage has remained at low levels.

What if ............... someday?

I believe in the good potential of ethereum coin, and it is just next to bitcoin interms of volume in crypto market. However, i think it is impossible for ethereum to replace bitcoin, not even their prices is near, bitcoin will be always on the number one top coin i guess.

There is no doubt that when it comes to features, ethereum is on top but that will not take away the fact that we have more real world adoption in btc than ETH. I can't wait to see ETH take over btc but that is if the people that matters will allow that.

I haven't thought of it because Bitcoin is mother of all currencies even if Ethereum is in the 2nd position that will likely to replace Bitcoin someday. So if Bitcoin will be replace, I am sure that this will be a big news and will likely to create a fuss around the crypto society.

But if the big whales out there will boycott the support of bitcoin and they will convert to Ethereum then the possibility that it will happen is pretty big. Ethereum will likely to need 160,000,000,000$ market capital to overtake the king of crypto currencies.

Replace in terms of what? In terms of popularity and usage? In terms of market cap? In terms of price? Well if it does replace in any of these terms, then nothing really would happen. All these are just numbers and if ethereum manages to beat those numbers, then yeah we can say that ethereum is better than bitcoin. But that is highly likely to happen. Bitcoin has been on the market for ages and is well known to people through out the world. When someone says crypto currency, the first thing that comes to someones mind is "bitcoin". When someone thinks about investing on crypto currency, the first thing they think about is bitcoin. So I highly doubt this is going to happen.

It will really take a lot to displace Bitcoin as the number one cryptocurrency. Bitcoin has exerted it's dominance and as the most trustworthy cryptocurrency to investors and as payment solutions.

I agree with what you think, because in my opinion the project from Ethereum is already widely known and used by people, so it makes the chance for Ethereum to beat Bitcoin even bigger, so in my opinion we just need to wait for the right time to see Ethereum beating Bitcoin, but I believe it takes a long time because there are still many people who believe to investing in Bitcoin.

Exactly. There are far better options out there for smart contracts. The delays in Ethereum's transition from PoW to PoS are doing more harm than good for the longevity of the world's second-largest blockchain by market cap. The more it takes to scale, the lesser it'll be adopted by people in the mainstream world. We've already seen how alternative smart contract platforms like EOS and TRON have seen an exponential boost in transaction activity and mainstream adoption. The number of decentralized applications are growing each and every day, relative to Ethereum. If the world's second-largest cryptocurrency by market cap wants to prove itself superior to its competitors and even Bitcoin itself, it would need to adopt new scaling solutions in the least time possible. Even so, Ethereum's supply is unlimited which is unsuitable as a store of value. It'll never be able to obtain higher prices in the future because of this.

While it's becoming harder to believe that Ethereum will replace Bitcoin someday, we can say that ETH will remain as the second most popular cryptocurrency in the world. The mere fact that it's constantly being developed like Bitcoin, tells us it'll be this way. Not to mention, Ethereum has a trusted branding among the smart contracts space unlike its competitors. For true reliability and censorship-resistance, Ethereum will continue to be the choice of mainstream developers. It's like the "Bitcoin" of the smart contracts world. Which means, that ETH cannot be replaced by another cryptocurrency whereas Bitcoin cannot be replaced by Ethereum itself.

Nonetheless, there are better important things to focus than speculating which coin will replace the other. Ethereum has been doing fine as the world's second-largest cryptocurrency by market cap. Instead of replacing Bitcoin, it could complement it in every way. For finance, Bitcoin is the leader. But Ethereum takes the lead for decentralized applications that extends the Blockchain's functionalities far beyond that of finance. In the end, both cryptocurrencies (BTC & ETH) will live alongside each other for many generations. Just my thoughts

I think it is a possibility that ethereum will overcome bitcoin someday because Ethereum provides more uses than Bitcoin does and has better technology. But I dont think that it will happen anytime soon. Bitcoin, being the first in the crypto industry has already created a community that many will support it even with its limitation.

You are Right, Ethereum is more than just a cryptocurrency. Out of top 100 projects in market is running on Ethereum Blockchain  by using its smart contract. So it is well clrear that Eth is not going anywhere and it is also no doubt about be the 2nd largest project in cryptocurrecny after the BITCOIN.

But here is one thing very obvious that not can be compeat Bitcoin Ever because Bitcoin is the base of crypto, People will never lose interest into bitcoin. No doubt other ALT coins have well utility, have more Transaction speed instead of bitcoin but despite all these fact no one can replace bitcoin or will it left behind.

One more question could be raise here. Can BNB Overtake ETH?