Will ETH overtake BTC in market cap?

nemgun

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Quote from: robelneo on May 07, 2017, 09:15:48 AM

Quote from: maku on May 06, 2017, 06:47:47 PM

Quote from: Nascor on May 06, 2017, 03:42:38 PM

it will sooner or later

No it won't.

They only viable way for ETH to catch up with bitcoin would be situation where bitcoin development would be halted, scaling issues never addressed.
In short: if current idiocy of supporting Bitcoin Unlimited will continue for years then ETH will have chance.
But in the moment we will have SegWit and Lightning Network operational, BTC will be complete.

I think this is the only thing needed to shut down ethereum from reaching Bitcoin status or overtake it the sooner it is implemented the sooner this will happen,altcoins are moving to catch Bitcoin because of these issues.

There is a point on which i agree with BU guys, Bitcoin core needs new features. Actually smart contracts is the most demanded features, but there are many things that be added on the Bitcoin blockchain.
Some of you may know about OP_RETURN sigop, this is what is used by counterparty and omnilayer to create assets bound to bitcoin addresses. Not only this sigop but it is a part of their solution. This is the way Bitcoin stores informations, so anyone can store messages, functions and things on bitcoin blockchain. The difference is that you can't execute it directly from the blockchain. you can retrieve it, parse it (because it is saved in HEX format) change it, and then work with it.

At least the basics for such features are aleready implemented.

Now regarding Ethereum, he will never overtake Bitcoin because it is not unique, there are a bunch of other projects who are implementing smart contracts on their chains which is the main HYP argument for Ethereum.

robelneo

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Quote from: maku on May 06, 2017, 06:47:47 PM

Quote from: Nascor on May 06, 2017, 03:42:38 PM

it will sooner or later

No it won't.

They only viable way for ETH to catch up with bitcoin would be situation where bitcoin development would be halted, scaling issues never addressed.
In short: if current idiocy of supporting Bitcoin Unlimited will continue for years then ETH will have chance.
But in the moment we will have SegWit and Lightning Network operational, BTC will be complete.

I think this is the only thing needed to shut down ethereum from reaching Bitcoin status or overtake it the sooner it is implemented the sooner this will happen,altcoins are moving to catch Bitcoin because of these issues.

JeffBrad12

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Quote from: sotoshihero on May 06, 2017, 08:31:01 PM

NO. Bitcoin gone too far and ethereum is catching up but I think it will take much longer if ever it will happen. It is very possible that al ETH token contract can surpassed bitcoin maybe if all that token value is combined but not at present.

What do you mean about "all that token value is combined"? Looks strange for me, The smartcrontract offering different advantages for the users. This about the competition for convinced of the users.
If the bitcoin blocks can't get resolved and it will become a doom for bitcoin itself.
More adoption can't come to its mother of crypto. I can say more try to adopt another coin with huge potential such as ethereum itself. Ethereum doesn't need to be combined value.

ASMR

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Quote from: StinkyLover on May 02, 2017, 11:40:55 PM

https://www.ethereum.org/

thank you, friend. I will be studying.

findingthemoon

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Perhaps, the thing is ETH seems to be riding btc's wave (or is btc also riding ETHs wave?), however if the scalability issues get resolved on bitcoin it will surge in way ahead of ETH. Not because it offers more but because its first, everyone even the average person knows what bitcoin is but not ETH. That could quickly change if btc fails to innovate, especially when ETH can do more.

ikiaozora

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that will not happen, Seeing BTC most popular then ETH. BTC many used by countries in the world and Bitcoin will continue to grow more and more.

NoiseBoy

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Yes. Next question?

sotoshihero

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NO. Bitcoin gone too far and ethereum is catching up but I think it will take much longer if ever it will happen. It is very possible that al ETH token contract can surpassed bitcoin maybe if all that token value is combined but not at present.

maku

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Quote from: Nascor on May 06, 2017, 03:42:38 PM

it will sooner or later

No it won't.

They only viable way for ETH to catch up with bitcoin would be situation where bitcoin development would be halted, scaling issues never addressed.
In short: if current idiocy of supporting Bitcoin Unlimited will continue for years then ETH will have chance.
But in the moment we will have SegWit and Lightning Network operational, BTC will be complete.

angaper

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Yes, I also think it is very likely to see that event in next months, especially if the bitcoin ecosystem suffers a great collapse because of its well known issues to solve. Few months ago the bitcoin dominance meant almost 90% of the market capitalization, but nowadays has drastically dropped to 55%!!!

bustedsynx

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Very possible as Ethereum has more use cases than Bitcoin.

eaLiTy

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Quote from: StinkyLover on May 01, 2017, 01:44:51 PM

Quote from: BTCwriter on May 01, 2017, 01:12:32 PM

No. I don't think it ever will, only impulse trader think so.

But the current trend says it will. Nothing to do with impulse or pragmatic trading.

One thing is evident Vitalik Buterin is doing a good job promoting it traveling all over the world and he has a target on reaching the Asian countries as he knows that the big business lies in Asia but is it really gaining momentum to take over bitcoin,it is just a dream now and you can speculate as much as you want,but the fact remains that it is miles away to compare the two.

Nascor

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it will sooner or later

StinkyLover

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This industry is pure fiction

Quote from: nemgun on May 03, 2017, 04:51:17 PM

I invite you to check this website for all market cap informations, they aggregate informations from 366 data sources, i discovered them today and they offer great informations : https://cryptolization.com/ethereum
chart top-right : Bitcoin market cap
chart mid-right : ethereum market cap

At the time of posting, Eth: 7$b | Btc: 24$b

Ethereum's market cap still needs a lot of investments to catch Bitcoin's cap.

Yes, I like that site. It should be more popular than it is right now.

nemgun

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I invite you to check this website for all market cap informations, they aggregate informations from 366 data sources, i discovered them today and they offer great informations : https://cryptolization.com/ethereum
chart top-right : Bitcoin market cap
chart mid-right : ethereum market cap

At the time of posting, Eth: 7$b | Btc: 24$b

Ethereum's market cap still needs a lot of investments to catch Bitcoin's cap.

jpoker272727

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Quote from: StinkyLover on May 01, 2017, 01:08:17 PM

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

Ethereum price needs to be around $300 per ETH in order to be equal to current bitcoin market cap, but it's not impossible.

That's around x4 that ETH price should be but it will take time and probably up to few years from now.

StinkyLover

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This industry is pure fiction

Quote from: PanneKopp on May 03, 2017, 11:48:13 AM

Quote from: StinkyLover on May 01, 2017, 01:08:17 PM

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

Market cap is not real live use !

Eth never aimed to be a currency.

Tongue

I agree, and I don't think it should be. ETH is meant to be used as a transaction fee for smart contracts. It's not meant to be used as a currency. But all it takes is one major merchant to say, and advertise, that they accept ETH and then suddenly it's a currency. Stranger things have happened.

batang_bitcoin

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Quote from: StinkyLover on May 03, 2017, 06:12:45 AM

Quote from: batang_bitcoin on May 03, 2017, 01:43:18 AM

Quote from: StinkyLover on May 01, 2017, 01:08:17 PM

I think it will.

it's up to 25% of BTC marketcap and doesn't look like it's going to slow down. There are literally HUNDREDS of apps now being written for it. It wouldn't surprise me if it happens towards the end of the year.

I suppose the general question is "Are smart platforms more valuable than raw currencies?"

I'm having two sides for this matter, it is possible because smart contracts are becoming popular nowadays. And I want to know what are those "hundreds of apps" are being written right now, could you give us some example of it? And for the not possible side, we know that Bitcoin is more popular and new investors will prefer the leading crypto which is obvious.

399 listed as of this morning. And these are all manually submitted (just like the good 'ol days of search engine submission Cheesy

). There are apps that have not even been submitted to this list so the figure goes even higher.
http://dapps.ethercasts.com/

Take a look.

Thanks for providing the link mate and I've seen on how many those DAPPS are listed on that website and it keeps on increasing. So developers are manually sending their projects to that site. But still I don't think that will be enough to overtake bitcoin's market cap. Although that's a good development in ETH.

peter0425

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It will not overtake bitcoin. Only chance that it overtook it is when bitcoin lover got tired of all this scaling drama and go on board buying ETH. But what are the chance of bitcoin investors going to ETH? none? slim maybe? ETH will still be behind bitcoin in terms of market cap and trading volumes. ETH is still way behind bitcoin in terms of market cap anyway so I doubt it will be the no. 1 crypto currency in the world.

camelson

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I don't think so. Although market capitalization of ETH increases quickly but when compared to BTC it is way behind so there is hardly any possibility for ETH to go pass BTC in market cap in near future.

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