will Ethereum catch up to Bitcoin? | Bitcointalksearch.org

betswift

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Quote from: South Park on August 28, 2024, 05:11:40 PM

Quote from: Jose Mourinho on August 23, 2024, 12:25:37 PM

ethereum and bitcoin are coins that have great popularity and potential in the crypto market so it is not surprising that these two coins are a priority for every crypto user, but in my opinion ethereum will not be able to catch up with bitcoin because it will not be possible considering that bitcoin is a coin with a limited supply while ethereum has a large supply so it is impossible for ethereum to catch up with the popularity of bitcoin.

As popular as ethereum is, the reality is that the majority of the transactions made are linked to the many shitcoins that run above it, so they are based on pure speculation and nothing else, but when it comes to bitcoin the number of transactions related to actual transfers of value between two parties which are exchanging a product or service is many times higher, this alone makes bitcoin way stronger than ethereum as it is seeing actual use, which makes me hopeful about the future of bitcoin and its chances of retaining the number spot on this market as long as it exists.

Yeah, meme hype comes and goes, both on ETH, SOL, TON, and now TRON, but projects with value - remain, continuing to provide utility and having a purpose. That's what matters.

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Quote from: dezoel on August 28, 2024, 03:45:40 PM

I would say that centralized is a bs, because they offered a solution as POS and people accepted it, they didn't force anyone and let the public decide and the public decided it, nobody can print more ETH anytime they want, nobody can reverse it, nobody can freeze it, there is no control over it, all Vitalik or anyone else in the world can do is offer something , basically a suggestion and if we accept it then we do, and if not then it goes away, POS wasn't the first suggestions and wasn't the last, just the biggest one we accepted.

On the other hand we are talking about something that's taking a bit of time, and because of that I honestly believe that we are going to end up with a greater result eventually, we just need to find what it would be, it has to be the fact that ETH has alternatives now, whereas bitcoin is sole founder and top ranked, meaning that ETH gets its market share eaten up whereas BTC is not touched, which is why ETH can't go beyond BTC ever.

There will never be anything else neither, it is not going to be ETH but it will not be anything else neither, we are just going to end up with a much better and different result eventually and that's the most important part.

Vitalik and team used to rollback the blockchain in the past during "The DAO" hack days. It's said they took the decision without the approval of the community. Only proposed the idea on a forum and members who were part of it were able to participate. Miners only approved the decision out of their own interests. Money talks, right?

I assume the community approved the upgrade to PoS because they've thought it would make ETH faster and cheaper to use. But what they did was further centralize the Blockchain. Especially with whales and big exchanges controlling a large portion of the circulating supply. In a PoS blockchain, economic holders can influence network decisions by becoming a validator. If Vitalik and team would've made ETH a hybrid chain (PoW + PoS), things would've been better. Now the chances of overcoming (or catching up to) Bitcoin are slim. It's an inferior chain with regards to decentralization/censorship-resistance. At this point, it's safe to say nothing can "beat the King". BTC will remain the #1 cryptocurrency in the world no matter what. ETH will always be second place. I'm fine with that as long as decentralization is preserved for generations. Cheesy

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Quote from: Jose Mourinho on August 23, 2024, 12:25:37 PM

ethereum and bitcoin are coins that have great popularity and potential in the crypto market so it is not surprising that these two coins are a priority for every crypto user, but in my opinion ethereum will not be able to catch up with bitcoin because it will not be possible considering that bitcoin is a coin with a limited supply while ethereum has a large supply so it is impossible for ethereum to catch up with the popularity of bitcoin.

As popular as ethereum is, the reality is that the majority of the transactions made are linked to the many shitcoins that run above it, so they are based on pure speculation and nothing else, but when it comes to bitcoin the number of transactions related to actual transfers of value between two parties which are exchanging a product or service is many times higher, this alone makes bitcoin way stronger than ethereum as it is seeing actual use, which makes me hopeful about the future of bitcoin and its chances of retaining the number spot on this market as long as it exists.

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Quote from: Abiky on August 26, 2024, 08:36:52 PM

Whales are losing interest in ETH. Especially with its limited transaction capacity. L2s don't bring the same level of liquidity and selection of dApps/tokens as the main chain. Solana is where the money is. Eventually, Ethereum will become a "ghost town" as people move on to the next big thing in crypto. Money talks, right? If this keep up, ETH will never catch up to BTC. Even with high demand, I don't it will make a difference when BTC is the one cryptocurrency that started it all. It has first mover advantage.

I guess it's too late for ETH to "replace" or "flip" BTC. Why not focus on making it a better alternative? I know Vitalik and team made ETH a "centralized shitcoin". But I believe there's still room for improvement. Hopefully, ETH goes back to its roots by being a truly-decentralized smart contracts platform for everyone. I can dream, can't I? Cheesy

I would say that centralized is a bs, because they offered a solution as POS and people accepted it, they didn't force anyone and let the public decide and the public decided it, nobody can print more ETH anytime they want, nobody can reverse it, nobody can freeze it, there is no control over it, all Vitalik or anyone else in the world can do is offer something , basically a suggestion and if we accept it then we do, and if not then it goes away, POS wasn't the first suggestions and wasn't the last, just the biggest one we accepted.

On the other hand we are talking about something that's taking a bit of time, and because of that I honestly believe that we are going to end up with a greater result eventually, we just need to find what it would be, it has to be the fact that ETH has alternatives now, whereas bitcoin is sole founder and top ranked, meaning that ETH gets its market share eaten up whereas BTC is not touched, which is why ETH can't go beyond BTC ever.

There will never be anything else neither, it is not going to be ETH but it will not be anything else neither, we are just going to end up with a much better and different result eventually and that's the most important part.

Abiky

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Quote from: henmark on August 22, 2024, 10:54:01 AM

ETH having under 1 gwei gas fee shows that it is not used all that much these days and that's not always a good thing, this is basically a good thing for people who use it, but in general it is not a good thing because it ends up with implications that it is not getting used every day. So all in all I would say that even if there was a chance for it to happen, it is not going to happen now.

The fact that it was slow and expensive made it so hard to use last bull run that people decided to use other stuff. Look at TON right now, we all know that won't be a great project 10 years from now, it is getting hype right now and that's it, and yet when we look at it it has a lot more people using it and it is not expensive for the gas fee, they figured it out somehow and ETH never did. This issue persists and as long as it exists we are not going to have people using ETH, which means that we are not going to end up with ETH getting above BTC ever in the future.

We need to have ETH be used for its network like the 2021 period and for that to happen we need a lot more projects in that network that gets hyped, if that happens then we may see it increase, if not then it will have hard time keeping even the second position.

Whales are losing interest in ETH. Especially with its limited transaction capacity. L2s don't bring the same level of liquidity and selection of dApps/tokens as the main chain. Solana is where the money is. Eventually, Ethereum will become a "ghost town" as people move on to the next big thing in crypto. Money talks, right? If this keep up, ETH will never catch up to BTC. Even with high demand, I don't it will make a difference when BTC is the one cryptocurrency that started it all. It has first mover advantage.

I guess it's too late for ETH to "replace" or "flip" BTC. Why not focus on making it a better alternative? I know Vitalik and team made ETH a "centralized shitcoin". But I believe there's still room for improvement. Hopefully, ETH goes back to its roots by being a truly-decentralized smart contracts platform for everyone. I can dream, can't I? Cheesy

Jose Mourinho

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ethereum and bitcoin are coins that have great popularity and potential in the crypto market so it is not surprising that these two coins are a priority for every crypto user, but in my opinion ethereum will not be able to catch up with bitcoin because it will not be possible considering that bitcoin is a coin with a limited supply while ethereum has a large supply so it is impossible for ethereum to catch up with the popularity of bitcoin.

betswift

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Quote from: kbhutto on August 18, 2024, 04:03:42 AM

It is very difficult for Ethereum to catch up with bitcoin in the cryptocurrency era, the very tight competition between altcoins alone takes time for ethereum to rise so that it becomes the number 1 altcoin after bitcoin. Everyone knows the crypto world with Bitcoin being the main icon, after which other altcoins appear under Bitcoin. so ethereum is only the top popular coin and it is impossible to catch up with the bitcoin trend to this day.

Yeah, it's a non-written truth, BTC always overshadows everything in its way, and that's normal, in my opinion.

henmark

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ETH having under 1 gwei gas fee shows that it is not used all that much these days and that's not always a good thing, this is basically a good thing for people who use it, but in general it is not a good thing because it ends up with implications that it is not getting used every day. So all in all I would say that even if there was a chance for it to happen, it is not going to happen now.

The fact that it was slow and expensive made it so hard to use last bull run that people decided to use other stuff. Look at TON right now, we all know that won't be a great project 10 years from now, it is getting hype right now and that's it, and yet when we look at it it has a lot more people using it and it is not expensive for the gas fee, they figured it out somehow and ETH never did. This issue persists and as long as it exists we are not going to have people using ETH, which means that we are not going to end up with ETH getting above BTC ever in the future.

We need to have ETH be used for its network like the 2021 period and for that to happen we need a lot more projects in that network that gets hyped, if that happens then we may see it increase, if not then it will have hard time keeping even the second position.

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Quote from: TastyChillySauce00 on August 16, 2024, 10:22:29 PM

ETH is not looking well for it to catch up to Bitcoin apparently, the ETF was a massive disappointment with so many outflows

as someone who holds ETH as well myself, i'm just not really optimistic about the situation of ETH let alone thinking that it will catch up to Bitcoin which I don't think it will.

the presence of the Bitcoin L2 actually should be a serious competition to ETH though since it enables smart contract for BTC though it got its disadvantages as well.

Well, we can't expect ETH to be as successful as BTC. Can we? After all, ETH is an altcoin. By definition, it is inferior to BTC. Many people like BTC because of its store of value properties. So it's normal to see demand for BTC rising at a higher rate than ETH.

With due time, ETH will be able to make its mark in the world. It's already the largest and strongest cryptocurrency in the world (after Bitcoin). As long as Vitalik and team continue to work on the project, there should be nothing to worry about. Who knows how big will ETH grow in the future? Cheesy

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It is very difficult for Ethereum to catch up with bitcoin in the cryptocurrency era, the very tight competition between altcoins alone takes time for ethereum to rise so that it becomes the number 1 altcoin after bitcoin. Everyone knows the crypto world with Bitcoin being the main icon, after which other altcoins appear under Bitcoin. so ethereum is only the top popular coin and it is impossible to catch up with the bitcoin trend to this day.

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ETH is not looking well for it to catch up to Bitcoin apparently, the ETF was a massive disappointment with so many outflows

as someone who holds ETH as well myself, i'm just not really optimistic about the situation of ETH let alone thinking that it will catch up to Bitcoin which I don't think it will.

the presence of the Bitcoin L2 actually should be a serious competition to ETH though since it enables smart contract for BTC though it got its disadvantages as well.

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Quote from: Akbarkoe on August 15, 2024, 04:20:41 PM

In the hands of a wise person will come out a wise conclusion, so in investing, I think we don't have to focus on choosing one of the coins mentioned, be it BTC, ETH and Solana, as if we have to choose the right one that is best for where we invest.

Investing in all three at once in my opinion is much better, diversifying investments in potential assets in all three is a more appropriate decision, we only need how we do risk management and portfolio management on these 3 assets, while profitable why should we bother and force to choose one, while you can invest in all three.

I agree that it is not a simple thing to just assume this would work, as we all know it is not that simple and we may not always have the best option available at all times, but that doesn't mean that we are going to just pick one and go with that. If you really want to, you could just buy all of them. You could buy bitcoin, ethereum, sol and any other coin you want and in that case if any of them does well then you profit, and that's what I do as well. These days I am not very much interested in SOL anymore, but that is a personal thing for me and not a big deal.

This is why I believe that we are going to see something changing, and nothing big will happen with that. So all in all this could be something that gets a bit more attention and could be very important. If you keep focusing on just one of them and try to find which will be the best, you will always miss out, always keep it diversified and always try to find more room for more good projects.

andyou1234

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So far, ethereum and bitcoin are the priorities of crypto users for investment, because these two coins have great potential and popularity in the crypto market, so it is not surprising that the price of this crypto continues to increase over time, but so far I personally do not think that ethereum will be able to catch up with bitcoin because the difference between the two is very far both in terms of price and supply on the market.

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Quote from: NicNacCoin on August 13, 2024, 03:27:00 AM

Quote from: ungkuahmad on July 24, 2024, 03:18:25 AM

If bitcoin experiences its much-anticipated bull run, then ether will go up with it and very likely catch up to bitcoin in percentage terms and possibly keep going, as happened during the last crypto bull run in 2021. An ether investor who is “all in” would also advise that ether will displace bitcoin in the future, and if bitcoin reaches over $100,000, that could mean $25,000 per token for ether.

In comparison, Ethereum has not been able to keep up with the price of Bitcoin. In comparison, the price of Ethereum should have been around $5000 at this time, but ethereum is currently hovering around $2700. But as far as I can predict and make charts I can say that if Bitcoin reaches $100,000 then Ethereum will probably be between $5000 and $6000. It doesn't seem possible that you are saying that Bitcoin will take over or that Bitcoin will reach $100,000 and Ethereum $25,000. But ethereum investment is a dependent investment like bitcoin. You don't lose yourself by investing. Hold the investment. I think there is still a good time to invest in ethereum.

Both can be said to be coins that have quite good value, but we say for the comparison it is very far, Bitcoin has a pretty good ATH where maybe Ethereum will not be able to match it, Bitcoin has very good potential. so far we see Ethereum itself has an attractive value with the decline and increase of Bitcoin.

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Quote from: Akbarkoe on August 15, 2024, 04:20:41 PM

In the hands of a wise person will come out a wise conclusion, so in investing, I think we don't have to focus on choosing one of the coins mentioned, be it BTC, ETH and Solana, as if we have to choose the right one that is best for where we invest.

Investing in all three at once in my opinion is much better, diversifying investments in potential assets in all three is a more appropriate decision, we only need how we do risk management and portfolio management on these 3 assets, while profitable why should we bother and force to choose one, while you can invest in all three.

Golden strat and a rule! Diversification of both risks and investments is key to minimizing the troubles to come if one of the coins won't perform as intended.

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Quote from: jaberwock on August 15, 2024, 03:23:42 PM

Quote from: shinratensei_ on August 02, 2024, 10:03:18 PM

Quote from: Abiky on August 02, 2024, 07:04:57 AM

As long as Solana remains a victim of network outages, it will NEVER replace ETH in market cap. Even if developers improve the chain, it's already late to make a difference. Replacing Ethereum would be no different that replacing Bitcoin. And we all know that's impossible.

What will happen is that both Solana and Ethereum will grow in terms of mainstream adoption (usage) and market price. Bitcoin will always stay on top of Ethereum for obvious reasons. Who cares, right? As long as you're able to make money with either coin, nothing else matters.

Yeah solana is great and all but the entire economy too much revolving around meme coin that if at some point the meme trend is ended and the market runs dry of trading volume solana could also be abandoned.
not denying that there are plenty of great defi in solana too even as good as ETH but the most dominating defi in solana is the one that has something to do with meme coin.

even pumpdotfun is beating ETH in term of revenue alone, that is quite the feat because pumpdotfun is just a launchpad and ethereum is a whole blockchain even 2nd highest by market cap in term of rank but got beaten by some launchpads project, however i bet solana revenue also mostly come from pumpdotfun and any other meme related defi protocols which means too depending on meme trend. this could be a flaw.

I do agree that it's too heavily dependant on it and there is no reason to keep trusting it the way it is right now. I feel like way too many people are focusing on the wrong thing, and because of that I think it's clear that we are going to miss a big chance, shouldn't be possible and can't really make it work some other way. I know that we are going to end up with issues even further than this, and I know that it is going to take some time, but if we realize our mistakes and just focus on what we can achieve with SOL and ETH, then we will realize that picking one of them isn't a must.

We could just invest in both, and if one of them goes down, the other at least could make us money. I personally enjoy investing in both. That way I feel better about it.

In the hands of a wise person will come out a wise conclusion, so in investing, I think we don't have to focus on choosing one of the coins mentioned, be it BTC, ETH and Solana, as if we have to choose the right one that is best for where we invest.

Investing in all three at once in my opinion is much better, diversifying investments in potential assets in all three is a more appropriate decision, we only need how we do risk management and portfolio management on these 3 assets, while profitable why should we bother and force to choose one, while you can invest in all three.

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Quote from: betswift on August 13, 2024, 02:09:51 PM

Quote from: Abiky on August 13, 2024, 02:07:36 PM

Quote from: X-ray on August 12, 2024, 04:25:44 AM

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

Exactly. And the recent decline in gas fees, tells us a lot about the network activity on ETH. I guess whales and shills prefer a low-cost and high-performance Blockchain like Solana. Even if that means sacrificing decentralization in the long run. Convenience goes above all else, right?

At this pace, ETH will never replace BTC. It will come nowhere near close in terms of market cap and mainstream adoption. There's a very long road ahead before ETH catches up to Bitcoin. You can't beat the real thing. Now BTC has smart contracts via the use of L2s and sidechains. Stacks and Core integrate the world of "De-Fi" into Bitcoin. How will Ethereum be able to compete with that? Institutional interest for BTC keeps growing at a fast pace. ETH will remain the #2 cryptocurrency in the world no matter what. Lets move on, shall we? Cheesy

Maybe ETH will come up with something interesting in the future, only time will tell Grin

Coming up with something or would really be just that the same? No one could really be able to tell on what are their future plans whether it would really be having those changes in related
with some good change on smart contracts or would really be that still on the same aspect. We cant really be able to deny that invention of smart contract is indeed revolutionary but
in speaking about overtaking or replacing Bitcoin into its place or position then it would really be that hard to believe on such thing. Community and consideration towards Bitcoin is really
nearly absolute and its really that hard to tell about having this kind of probabilities but well we do know that there's no such thing such as forever. Everything would really be basing up on
the community support or simply with the demand on why projects will really be sitting out on particular ranks. This is why if you would really be gonna tending to make investment with
ETH rather than on BITCOIN just because you are believing into its potential then go ahead and follow. We do have our own choices when it comes to crypto investment.

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Quote from: shinratensei_ on August 02, 2024, 10:03:18 PM

Quote from: Abiky on August 02, 2024, 07:04:57 AM

As long as Solana remains a victim of network outages, it will NEVER replace ETH in market cap. Even if developers improve the chain, it's already late to make a difference. Replacing Ethereum would be no different that replacing Bitcoin. And we all know that's impossible.

What will happen is that both Solana and Ethereum will grow in terms of mainstream adoption (usage) and market price. Bitcoin will always stay on top of Ethereum for obvious reasons. Who cares, right? As long as you're able to make money with either coin, nothing else matters.

Yeah solana is great and all but the entire economy too much revolving around meme coin that if at some point the meme trend is ended and the market runs dry of trading volume solana could also be abandoned.
not denying that there are plenty of great defi in solana too even as good as ETH but the most dominating defi in solana is the one that has something to do with meme coin.

even pumpdotfun is beating ETH in term of revenue alone, that is quite the feat because pumpdotfun is just a launchpad and ethereum is a whole blockchain even 2nd highest by market cap in term of rank but got beaten by some launchpads project, however i bet solana revenue also mostly come from pumpdotfun and any other meme related defi protocols which means too depending on meme trend. this could be a flaw.

I do agree that it's too heavily dependant on it and there is no reason to keep trusting it the way it is right now. I feel like way too many people are focusing on the wrong thing, and because of that I think it's clear that we are going to miss a big chance, shouldn't be possible and can't really make it work some other way. I know that we are going to end up with issues even further than this, and I know that it is going to take some time, but if we realize our mistakes and just focus on what we can achieve with SOL and ETH, then we will realize that picking one of them isn't a must.

We could just invest in both, and if one of them goes down, the other at least could make us money. I personally enjoy investing in both. That way I feel better about it.

betswift

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Quote from: Abiky on August 13, 2024, 02:07:36 PM

Quote from: X-ray on August 12, 2024, 04:25:44 AM

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

Exactly. And the recent decline in gas fees, tells us a lot about the network activity on ETH. I guess whales and shills prefer a low-cost and high-performance Blockchain like Solana. Even if that means sacrificing decentralization in the long run. Convenience goes above all else, right?

At this pace, ETH will never replace BTC. It will come nowhere near close in terms of market cap and mainstream adoption. There's a very long road ahead before ETH catches up to Bitcoin. You can't beat the real thing. Now BTC has smart contracts via the use of L2s and sidechains. Stacks and Core integrate the world of "De-Fi" into Bitcoin. How will Ethereum be able to compete with that? Institutional interest for BTC keeps growing at a fast pace. ETH will remain the #2 cryptocurrency in the world no matter what. Lets move on, shall we? Cheesy

Maybe ETH will come up with something interesting in the future, only time will tell Grin

Abiky

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Quote from: X-ray on August 12, 2024, 04:25:44 AM

on top of that there's this one issue with ETH that it showing signs of TVL escaping the platform and moving to other like solana.
the solana blockchain also beats ETH in term of fee revenue in several occasion despite ETH seemed to be having higher gas price and overall higher transaction fee compared to ETH

might be this time around ETH will tank further.

Exactly. And the recent decline in gas fees, tells us a lot about the network activity on ETH. I guess whales and shills prefer a low-cost and high-performance Blockchain like Solana. Even if that means sacrificing decentralization in the long run. Convenience goes above all else, right?

At this pace, ETH will never replace BTC. It will come nowhere near close in terms of market cap and mainstream adoption. There's a very long road ahead before ETH catches up to Bitcoin. You can't beat the real thing. Now BTC has smart contracts via the use of L2s and sidechains. Stacks and Core integrate the world of "De-Fi" into Bitcoin. How will Ethereum be able to compete with that? Institutional interest for BTC keeps growing at a fast pace. ETH will remain the #2 cryptocurrency in the world no matter what. Lets move on, shall we? Cheesy

Topic: will Ethereum catch up to Bitcoin? (Read 925 times)