Topic: Will ETH overtake BTC in market cap? - page 3. (Read 4065 times)

Yes, i always said that Ethereum is trying to reinvent the wheel. I noted also that a lot of users like the "data" param when creating a transaction. It is used to pass functions in the ethereum blockchain. What is funny here is that Bitcoin implemented that a long time ago. OP_RETURN transactions with messages, IDs, and other stuff stored in the bitcoin blockchain :
https://en.bitcoin.it/wiki/OP_RETURN
http://coinsecrets.org/

What Ethereum did is just creating an "interpreter" or "Compiler" to make code out of these informations and execute it, the Ethereum VM. It is the only real different i can see between BTC and ETH, the others are just params.

if they have simple wallet even your grand mother should able to use then it would kill their network instantly from the current people want to try out with all the dapps. they're still trying out many different paths of making this scalable. it would probably take just another 10 years before we will ever know if this thing is useful or broke. it is now almost 5 years seen ico and begin of coding, the hype is still strong.
nothing, people are just hype about this smart contracts thing which can be done with simple java.
https://en.wikipedia.org/wiki/Nick_Szabo

You answered your question.

Now regarding Dapps, i really do believe that it won't ease the usage of Ethereum. The wallet is really hard to understand, i mean, the GUI should be more simple then what it is actually, or at least move most of the features to advanced mode and keep it as ismple as possible. That's what i mean when i say that my grand mother should be able to use it.

I am not a detractor, i used Ethereum when it was only CLI, when we had to use Eth and Geth to be able to mine, i even had a talk with Genoil about the possibilties of the different Nvidia GPUs for mining.
That was a long time ago, when Ethereum was great.
Later they decided to focus totally on Dapps and smart conracts, the thing is that it is now so much out of reach from common people that it is just a non sence for them to use it.

Also, just to teach you something about coins prices :
1- Devs are poor
2- Devs can't support a currencie's price because of 1
3- Eth's price isn't due to miners, because the miners sell, they don't buy.
4- Why would someone buy Ethereum ?

I would like to take more time talk about 4.
So, let's say that i have 10.000$, why would i buy them Ethereum ? What can it bring me that other cryptos can't provide me ?
Privacy ?
Stable price ?
Instant transactions ? for what ?
Passive income ?

but bitcoin is not going down either, but it's raising, bitcoin have the support of all country and some are regulating it like a currency how can ETH compete with this? ethereum also have a bigger supply which make the market cap more inflationary, if you want to compare ETH to bitcoin you need to compare the same total amount of coins, and ETH have 4x the one of bitcoin

Who decides wether or not it's overvalued ? You say that because you wanna get in but you think it's expensive. The price will stabilise itself at about 75usd for 2 weeks then the FOMO will begin again with the EEA presentation, projects build by giant companies, and more people will find out about ethereum.

Remember Wanxiang Blockchain Labs ? The ones who bought 500k eth early in it's life ? They will use it to build a smart city https://bitcoinmagazine.com/articles/chinas-blockchain-invasion/
Keep in mind that this kind of usage is so much more important than being accepted at shops were no volumes actually occur. Because of their volatility, people are not using public cryptos to buy things, but to speculate on. Bitcoin after 8 year is not even close to being used as peer to peer electronic cash, as defined by it's whitepaper.

That ETF won't get an approval! And I think in terms of Gnosis enough had been said in other threads.96% off the coins in the hands of the devs!Good luck with that!
Imo Ethereum is way overvalued at the moment and needs some serious correction.
And I also strongly doubt it will surpass Bitcoin.

Ethereum reached a level of just under $ 70 today, with its market capitalization surpassing $ 6 billion, while trading volume is close to that of bitcoin. The currency has been on a bullish trend since March, going from $ 12 to around $ 65, its last bullish wave was $ 50 to almost $ 70. The reasons for the increase may be numerous, with news of new projects coming up. There is also the Ethereum ETF that is being considered by the SEC. Gnosis, an ethereum-based forecast market has raised about $ 12 million.

I prefer smart platforms instead of raw currency, because smart platform or devlopher must also have a good project.

In terms of market capital eth might take the lead based on the price increase that happening periodically. Recently price of ETH got a 100% growth unexpected. This has been described as an outcome of the debate going on the technology update of bitcoin functioning​.

Yeah, dapps will make it easier for ppl to use eth. Also If ENS works this time around it'll provide a better user experience since ppl would be able to have human readable addresses like domains.

@nemgun polo doesn't fake volumes, it's just the biggest exchange out there. It's obvious they do pump altcoins from time to time, but it's not eth's case. Too big to be pumped by creating artificial volume.

Does your grandmother know her IP address when she's online? Does she know how many amperes are flowing through her house and how much it cost to produce the current that she's using to watch TV? Has she ever played with her router??

What I'm saying is that the ethereum blockchain has the potential of becoming ubiquitous just like electricity or IP addresses. Most people don't care how they work as long as they do what they're meant to do. I doubt people will be using the TERRIBLE wallets! They'll be using dapps that utilize the ETH blockchain.

As for trading volume, I've heard it all before but nothing changes. Some people say BTC volume is all fake. Every coin and asset has it's detractors.

As long as ETH stays closed to my grand mother, he will never beat Bitcoin either in market cap or in adpotion. Ethereum is just not enough noob friendly.
I would like you to note something important about the market cap of Eth :
1    Poloniex   ETH/BTC    $128,753,000    $74.32    33.98%    Recently
2    Bithumb   ETH/KRW    $43,785,800    $76.35    11.56%    Recently
3    GDAX           ETH/USD    $33,186,800    $77.03    8.76%    Recently
4    Kraken   ETH/BTC    $22,763,900    $74.28    6.01%    Recently
5    Coinone   ETH/KRW    $21,537,300    $75.91    5.68%    Recently
6    Kraken   ETH/EUR    $18,631,600    $72.07    4.92%    Recently
7    Korbit    ETH/KRW    $16,135,600    $76.27    4.26%    Recently
8    Gemini   ETH/USD    $10,175,600    $76.00    2.69%    Recently
9    Poloniex   ETH/USDT    $9,592,930     $74.88    2.53%    Recently
10    Bitfinex   ETH/BTC    $9,191,480            $74.10    2.43%    Recently
11    Kraken   ETH/USD    $9,178,110      $72.90    2.42%    Recently

Considering this info, i just think that :
1- I am sure Poloniex is faking his volume of ETH.
2- Bithumb is cheating with KRW.
3- Kraken his infos doesn't have any logic for me.

Most of the volume is made with BTC KRW USD EUR USDT
1- ETH/BTC yes, this is normal
2- KRW ? seriously ? South Korea ?
3- USD and EUR ? but these exchanges and the developers are either Russians or Ukranians where is RUR ?

So i really believe there is a lot of money laundering here.
The miners are leaving Ethereum.
A lot of hyip leads to a lot of pump, sooner or later they will crash deep down because the longer the hyip is, the more expencive he is.

Current trend says it time to dump Ethereum.

one thing is for sure is eth is among the best performing altcoins but in terms of market cap i don't seeing this happening as bitcoin prices keep surging but an eth etf approval could be the difference if ever it was considered

I think it will grab more market capitalization. But in this time ethereum is growing so fast. But This time he's back around $70. The possible coin to take over the bitcoin is ethereum.
I don't think so, but seems smartcontract offering something different than the raw currency. As you can see if the raw has a lot of problems and it will never be resolved Too many collusion, politician, technical problems. The smartcontract just offering the successful to driven his fork.
But the market capitalization of ethereum will definitely not same with bitcoin.
ETH as equal with bitcoin? Will not impossible.

Whales are the cause of the recent btc pump. Whales simply can't exit at once without destroying the price, not a single one of them. So they are trying to pump btc, but pumps are getting weaker and weaker, because less and less greater fools are joining btc.
Why do i say greater fools ? Because btc currently can't work as peer to peer electronic cash, as defined by the white paper. It's slow and clogged with high fees.

It will be interesting to see eth's price at the end of june, two major events will happen by then. EEA official launch and metropolis update. Assuming no other major adoption news come randomly, like in the past 3 months.


Edit:


Depends. A project used as currency is much easier to build. But it still has to scale and optional privacy. And by scaling i mean real scaling, preferabely onchain. And no POW algorithm, it's horrible. It's only good for mining whales.

Now, currently we have currencies that do not scale. There's only privacy. So bitcoin to be complete, it really needs scaling and to get rid of POW.

Smart platforms like ethereum already work, but they need more adoption. More succesful projects deployed on. Many are still in beta, and software development is  known to be slow. Overall, a smart platform is much more valuable because currency projects will never be adopted at large scale, unless they're controlled or launched by governments.

Precisely. So (as they say) act like you know!

Despite all the hype, ETH in it's current state is good for fuck-all; it is essentially just a rube-goldberg version of bitcoin, and none of the extra bells and whistles are really good for anything.  Now I won't say that it can't overtake bitcoin, but rather that in a rational and logical world it shouldn't; and as I'm sure we all know, those are two things that are often lacking in this world.

Your logic is way off if that's the way you choose to calculate (or justify) marketcap.

Using your logic, what should DASH or XMR or NEM be worth?