Topic: What if Ethereum replaces Bitcoin someday? - page 7. (Read 8194 times)

the possibility is indeed very small considering the continued supply of bitcoin and the demands on bitcoin that are always there while the crypto market still hasn't lost buyers. but if that happens someday, it looks not only as a crypto top, but etherum will also be the number 1 smart contract for new tokens to be launched. of course seeing when the conditions where etherum becomes the most expensive and number one, of course the developer will always consider etherum as a smart contract with the aim of getting a high exchange rate.

Sharks and whale need bitcoin in which its dominant crypto currency in the world of crypto currency community. My own perception its impossible to replace bitcoin by ethereum in as I refer on the previous years performance. I believe someday bitcoin will definitely increase its value as long as many users and investors here still support the crypto currency.

I think that will happen soon when sharks no longer need bitcoin. Bitcoin is one of the types of assets not really valuable. Its functions are getting worse and worse than the alts that are being upgraded over time.
one day the cost of bitcoin transactions is too expensive and a continuous delay takes place, when Ethereum will take the throne.

I completely agree with you and I also believe that Ethereum may one day replace Bitcoin. I am pretty sure that will be so. To your words, I want to add that Ethereum transactions are faster and cheaper than Bitcoin.

Yes, now most of the people are not showing interest towards the ICO investments, previously there was a huge demand for the ETH at the time of ICO's. Now when IEO's came to picture most of the companies list in the exchanges are asking their own specified coins.

Bitcoin although has remained as just a store of value as far as its use case is concerned, I doubt it can ever be replaced by any other cryptocurrency in the near future in terms of its position in coin marketcap ranking and even usage as a means of exchange in our daily lives. Even in terms of adoption, Bitcoin is in a lead roll despite the advancement of other blockchain project in terms of technological approach. Taking over bitcoin might happen but it will not happen soon.

especially with people's trust in bitcoin making bitcoin dominate the market cap in the world of cryptocurrency. and I think it is very difficult for ethereum to replace it, especially at this time IEO does not need as much ethereum as when ICO used to be

it is inconceivable if ETh replaces the position of BTC as a major crypto, if at one time ETH replaces BTC then all ETH-based tokens will become dominant in every market, until now how many ETH-given tokens have circulated in the trade. And of course projects that use ETH as a means of exchange / payment are guaranteed to experience popularity, tokens that were worthless will be valuable along with the explosion of ETH. But what will happen to BTC when ETH deposed BTC? 

100% agree with you. There are still very long prospects for Ethereum in the crypto world. The blockchain technology that they have developed has really provided many real benefits that can be used by people or online companies over the years.I like seeing the relationship between brother and sister to bitcoin and ethereum now.
I think as long as crypto is still needed by people, these two coins will continue to exist.

I know Ethereum keeps progressing so as Bitcoin and might be able to replace the father of crypto in the future but I think it won't be soon. Having Ethereum will probably give chance to other altcoins out there to have their own limelight after Ethereum does. But I still do believe that they won't be able to beat Bitcoin's success so they'll just remain as altcoins forever.

Exactly. In terms of technicalities between both cryptocurrencies, Ethereum wins by a long shot. But in terms of market capitalization and pricing, that's another story. I believe that at this point in time, is relatively impossible to replace Bitcoin as it has grown into an immense Blockchain ecosystem. There are thousands of supporters in Bitcoin, while that's not the case with Ethereum. The pioneer cryptocurrency has managed to establish a trusted branding over the years. Being the original cryptocurrency that started this craze, it's no wonder why it has retained its top spot on the market.

Despite this, I believe that Ethereum will be here to stay for a very long time. It doesn't matter if its able to replace Bitcoin or not within the future. What truly matters is if Ethereum is capable of delivering real usability for the mainstream world. And so far, the world's second largest cryptocurrency by market cap has done a great job at it. As of now, Ethereum serves as a great complement to the Bitcoin blockchain by providing smart contracts functionality. In areas where Bitcoin cannot fulfill certain tasks, Ethereum fills the gap. With a supportive community and active development team, Ethereum will last a lifetime. Just my opinion

Technologically it could be Ethereum will replace Bitcoin. However, as a crypto currency, in my opinion bitcoin will never be replaced by any coins. Bitcoin is a symbol of crypto. People are more familiar with bitcoin than crypto, this is a fact that I have encountered. So I think that at any time Bitcoin will still be the main star of crypto

Eth and Btc both are different technology btc is meant for transactions and where as eth is meant for developing smart contracts  so being different in market capitalization it cant be replaced

That's certainly true, mate. The ICO boom of 2017, greatly benefited Ethereum in many ways. The world's second largest cryptocurrency by market cap was very close to overcoming the pioneer cryptocurrency by a slight margin. By that time, many people believed that "The Flippening" would come true as Ethereum became closer to overcoming Bitcoin's market cap. But after governments decided to crackdown on ICOs, Ethereum hasn't been the same. Because of this, prices have declined massively along with market cap. As of now, the difference between Bitcoin and Ethereum's market cap is very noticeable. There's a large gap between both cryptocurrencies that's very unlikely to change in the future.

Unless, Ethereum scales for the world with PoS and Sharding, there won't be much people using it at a large scale. Without huge mainstream adoption, demand will decline as well. Ethereum has been delaying its scalability upgrades day after day, while there are now several alternatives (like EOS, TRON, and even Cardano) which are much faster and cheaper for smart contracts. The competition is fierce, which means that Ethereum needs to give "more than meets the eye" in order to topple Bitcoin anytime soon. But that scenario is highly unlikely to happen in the future as Bitcoin remains the one cryptocurrency that's secure and reliable unlike no other known cryptocurrency today.

Nonetheless, it looks like Ethereum's outcome in the future is to complement Bitcoin rather than replacing it. After all, many people still trust Bitcoin on top of other altcoins on the market. Ethereum will have its specific use cases, as well as, Bitcoin. The pioneer cryptocurrency's store of value properties will allow it to remain highly valuable for the foreseeable future. Ethereum's inflationary model (with an unspecified max supply) would devalue its "Ether" cryptocurrency over time rendering it uncapable of taking Bitcoin's throne anytime soon. Just my opinion

I don't think so because this is not an alternative between the average altcoins in the market, this is an alternative between the second and the first position, these are the coins that can say have a strong connection and impact on most other altcoins, this replacement will cause many activities, even the market price will change greatly. But maybe the rate and hope for this event is not high when most users are pouring money into bitcoin, it is very difficult to overthrow bitcoin, the resistance is always very strong

For the next few years, I think it's hard as any coin shifts the place of bitcoin in the first place. Ethereum is now starting to have many competitors and it could be that in the next few years there are coins that have scalability technology and outperform technology owned by ethereum

To be honest, Ethereum have really tried in the area of token development, number of transactions made per seconds and other services related BUT ethereum is a good captain and it will never replace BTC in price value and market dominance.

BTC more advance development started with the introduction of bitcoin hard fork coins and such development can make btc to continue its dominance for a very long time.

In terms of market cap, Bitcoin supersedes Ethereum more than 8 times. In terms of market volume, Bitcoin supersedes Ethereum almost three times. This is a clear indication that for Ethereum to replace Bitcoin on the number one position, a lot of work and developments is required of Ethereum.

It is hard to believe that ethereum replaces bitcoin someday, but if that happens in the future then there is nothing wrong, bitcoin will still running even ethereum is become no. 1 crypto for crypto enthusiasts.

Ethereum was first released on 30th July 2015. Since then a lot of analysts have predicted the death of Bitcoin and Ethereum replacing it as the most popular cryptocurrency. And Ethereum came very close in mid-2017. Back then the difference in market cap between the two currencies was just a few billion USD. The market share of BTC was only a couple of percentage points greater than that of ETH.

But once the ICO market crashed, ETH was also dragged along with it. And from first quarter of 2018 to this day, the ETH prices have been on a continuous downward spiral. A part of the blame should be put on the ETH developers as well. They were slow to roll out the bug fixes and updates. Even the release of Ethereum 2.0 have been postponed so many times.