will Ethereum catch up to Bitcoin? - page 4.

btc78

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Quote from: ungkuahmad on July 24, 2024, 02:18:25 AM

In crypto, the same metaphor is bitcoin (BTC) against ether (ETH). Since the crypto winter ended, bitcoin has outperformed. crypto over ether because historically it goes further and longer than bitcoin in the near future but until now it has underperformed.

actually it is not a metaphor but a impossible belief of desperate people that Ethereum in some time will beat bitcoin but lol that is a big joke, because there are lots of coins that is better than ethereum in which just sleeping there.

Quote from: betswift on August 06, 2024, 12:30:02 AM

Quote from: Aanuoluwatofunmi on August 05, 2024, 10:13:12 AM

I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

We shall see how this goes and grab the opportunity by its tail! Thanks for your thoughts. I too think we will see ETH pumping back where it was.

But bitcoin will lead first before Ethereum and other coins .

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Quote from: Aanuoluwatofunmi on August 05, 2024, 10:13:12 AM

I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

We shall see how this goes and grab the opportunity by its tail! Thanks for your thoughts. I too think we will see ETH pumping back where it was.

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I expected that Ethereum had by now made a new all time high just as bitcoin made it some months back, the market is not going well as expected from the said coin because the its falling along with the bitcoin trend but not rising as the same trend even when the market gets to a new all time high for bitcoin, ethereum though may be targeting on altcoins season, on situation whereby the majority altcoins will rise and form a new all time high.

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Quote from: letteredhub on August 04, 2024, 09:31:18 AM

Quote from: ungkuahmad on July 24, 2024, 02:18:25 AM

. A group of geniuses tinkering with the crypto financial system, in some ways exactly what governments do with fiat and the reason why those who hate fiat and love crypto want to get out of fiat.

If I understand you right about what you're trying to imply, that a time would come when people or investors will prefer investing in ethereum rather than bitcoin and that will make ethereum price shoot above that of bitcoin.

Let say your speculation is possible; do you know how many years that is going to take and the lump of funds to effect such a rise from a current ether $3k price to the $61k price of bitcoin right now which is still predicted to go $100k in the bullrun and if that happens ethereum price can at most go up not more than 6-7k optimistically.

And with the dependency of ether price to rise only in response to when bitcoin price rises it will only take the extinction of bitcoin to have ether price go pass bitcoin.

It's an interesting scenario, sure, but it's just unlikely to happen. Impossible Wink

letteredhub

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Quote from: ungkuahmad on July 24, 2024, 02:18:25 AM

. A group of geniuses tinkering with the crypto financial system, in some ways exactly what governments do with fiat and the reason why those who hate fiat and love crypto want to get out of fiat.

If I understand you right about what you're trying to imply, that a time would come when people or investors will prefer investing in ethereum rather than bitcoin and that will make ethereum price shoot above that of bitcoin.

Let say your speculation is possible; do you know how many years that is going to take and the lump of funds to effect such a rise from a current ether $3k price to the $61k price of bitcoin right now which is still predicted to go $100k in the bullrun and if that happens ethereum price can at most go up not more than 6-7k optimistically.

And with the dependency of ether price to rise only in response to when bitcoin price rises it will only take the extinction of bitcoin to have ether price go pass bitcoin.

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Quote from: beerlover on July 31, 2024, 11:50:52 PM

I feel like SOL itself can't catch ETH to be fair, but I do agree that ETH could drop down if anything happens. That means, I do not think that they will both be 600B one day together, like SOL would be growing faster and catch up, that kind of stuff will not happen.

What could happen would be both could reach 300B together, meaning ETH would go down, and SOL would continue to go up like the market. SOL was like 4th or something last I checked, so its a highly enjoyed coin, but we have seen plenty of them there before. I mean XRP was there, even BCH was there, we have seen ADA be third too, none of them stick and they all go down after a while, some very down, some little down, but they fail at it. SOL seems like one of them, could be like 8th in 3 years, and I wouldn't be shocked.

What I believe is that if its ever going to happen, like not just with SOL but if any other coin ever going to go above ETH, then in that case it wouldn't be just that coin going up, it would also be ETH not going up or even going down, that would make that thing possible. This is why I think its quite obvious that we are talking about something that will take a while, we need to be certain about it.

The number above says it all. There is a lot of difference if we take a look at them. SOL seems to be high, that is because of its hype that it is getting right now but what about later on or when the hype dies down? For sure, its market cap can also plunge down, while ETH can maintain its numbers easily with or without a hype.

Coin market cap ranking won't be called like that or it won't have a ' rank ' word if a crypto can have the same market cap. So yeah, that there is no way both SOL and ETH can have that 600B or 300B market cap. Nothing permanent in this world and so as here in the crypto world. This is the reason why some coins have rank down, while the others have ranked up.

Even ETH had once fell down but it only backed up again after some time. It's been a long time since ETH haven't showed any movement in terms of its ranking and I think it will remain like this for a long time too. If let say a movement can finally occur, I think it will only go down because it also looks impossible for Bitcoin to be de-throned, though if let say it happens for real, I think that was very alarming on our side as a BTC supporter and It can mean that something really bad have happened with BTC.

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Quote from: Abiky on August 02, 2024, 06:04:57 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.

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Quote from: Abiky on August 02, 2024, 06:04:57 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.

That is the thing, once you install some sort of fear into the chain, like if people are fearing it, then there is no way to come back from that at all. I think it's quite obvious that we are going to end up with a result that will not be all that easy to handle and it will take a while.

This is why I think it's quite obvious that we are going to end up with a result that won't be all that same, it is going to take a while. In the end, we are talking about something that's once was just stuck, we have all seen it, unless you are a total noob here, SOL was something that couldn't handle the pressure, which means that we are going to see people doubt SOL for a long time. We can't always have something that will benefit everyone, it is going to be something that will take time and because of that we are going to face some issues as well.

The thing about the current situation is that SOL is doing fine because there are some hyped memes in there, but when that hype dies down, we are going to see SOL get right back to what it was and will not improve on it at all. Which is why I think it's important to have some results that will not be all that easy to make SOL go higher, the only place is down for it I am afraid.

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Quote from: bangjoe on July 31, 2024, 04:07:03 PM

From the marketcap it is more likely for SOL to chase ETH, rather than ETH chasing BTC's marketcap, but apart from that some people trust BTC more as a place where they keep their money than ETH in the crypto market, because it is like the ultimate goal of the investment journey in altcoins.

I've heard some great people in this industry, they play and invest in altcoins then when they have made a big profit from altcoins they will save it in bitcoin and that's how they survive the bad hall and full of altcoin risks, therefore bitcoin will never be passed by any coin, except in the previous few cycles it was beaten by XRP in terms of marketcap.

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.

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Quote from: justdimin on August 02, 2024, 04:19:22 AM

Quote from: bitterguy28 on July 31, 2024, 01:39:44 AM

catch up in what term?

if what you mean is Ethereum will even break bitcoin price and capitalization then I think will never come .

Bitcoin is bitcoin , and ethereum will be always ethereum (the second coin)

I agree. Some people tend to compare altcoins with Bitcoin and I feel amused when I see that. They need to understand that Bitcoin is the primary focus of the whole market, it leads the market whether it is going up or down, the whole market follows its footprints, and people think altcoins can cross it. It's not possible unless something extremely tragic happens and all users of Bitcoin stop using it and start using alternative coins, but before that, it's not going to happen.

There is one thing we can discuss for sure, and it is the growth percentage. I know that there can be altcoins that might have a higher growth percentage than Bitcoin because Bitcoin's price is very high and altcoins having relatively lower prices, they can grow more in percentage than Bitcoin, but other than that, they can't compete with it.

Saying that people would stop using Bitcoin is like saying that people would stop drinking water when they want to Wink

I agree!

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Quote from: bitterguy28 on July 31, 2024, 01:39:44 AM

catch up in what term?

if what you mean is Ethereum will even break bitcoin price and capitalization then I think will never come .

Bitcoin is bitcoin , and ethereum will be always ethereum (the second coin)

I agree. Some people tend to compare altcoins with Bitcoin and I feel amused when I see that. They need to understand that Bitcoin is the primary focus of the whole market, it leads the market whether it is going up or down, the whole market follows its footprints, and people think altcoins can cross it. It's not possible unless something extremely tragic happens and all users of Bitcoin stop using it and start using alternative coins, but before that, it's not going to happen.

There is one thing we can discuss for sure, and it is the growth percentage. I know that there can be altcoins that might have a higher growth percentage than Bitcoin because Bitcoin's price is very high and altcoins having relatively lower prices, they can grow more in percentage than Bitcoin, but other than that, they can't compete with it.

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There isn't an answer I can give about this because I do not know what this would mean, it is going to be quite tough to make a decision on these type of things. I agree with "hold both" type of mindset because that's good for people like me, I have no idea how that looks for now and I think it would be quite similar for the future as well, I will never know if this will happen or not. That is why I think holding both of them makes it easier.

ETH going above BTC seems like unlikely for the time being, I mean at least for a while longer, but in the very distant future that type of thing could maybe happen. What I know for the time being is that we are looking at something that will take a while, but will not be that easy to handle that easily at all, will be very difficult.

At the end of the day, we are talking about something that will be quite entertaining, and if it happens then we are going to have a market that will be looking very chaotic because it would be the very first time a coin passed above it. I have to say, it will be near impossible though, like very very difficult for that to happen so if it ever happens that means the market will be in big turmoil and people won't know how to react.

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Quote from: beerlover on July 31, 2024, 11:50:52 PM

Quote from: MAAManda on July 30, 2024, 10:14:39 AM

Quote from: bangjoe on July 29, 2024, 01:13:09 PM

yes if we involve Solana in the discussion and compare with Ethereum of course Solana is much better, and today it is more widely used, and yes some congestion problems on the solana network just need to be fixed and fixed that I think ETH will be overtaken by SOL rather than ETH catching up with BTC, even though ETH is considered a bluechip in the crypto market but indeed the technology has begun to be disrupted by much better competitors.

True, currently Solana (SOL) has about $83B and Ethereum (ETH) has almost $400B, although almost 5x multiples, but it makes more sense that Solana will catch up to Ethereum than Ethereum chasing Bitcoin (BTC) which has a lower multiplier from the MC side.

I feel like SOL itself can't catch ETH to be fair, but I do agree that ETH could drop down if anything happens. That means, I do not think that they will both be 600B one day together, like SOL would be growing faster and catch up, that kind of stuff will not happen.

What could happen would be both could reach 300B together, meaning ETH would go down, and SOL would continue to go up like the market. SOL was like 4th or something last I checked, so its a highly enjoyed coin, but we have seen plenty of them there before. I mean XRP was there, even BCH was there, we have seen ADA be third too, none of them stick and they all go down after a while, some very down, some little down, but they fail at it. SOL seems like one of them, could be like 8th in 3 years, and I wouldn't be shocked.

What I believe is that if its ever going to happen, like not just with SOL but if any other coin ever going to go above ETH, then in that case it wouldn't be just that coin going up, it would also be ETH not going up or even going down, that would make that thing possible. This is why I think its quite obvious that we are talking about something that will take a while, we need to be certain about it.

This will probably talk about altcoin market competition, but as we see that crypto adoption is still small and will most likely continue to grow over time, some Altcoins are defeated because their development is too slow and their development is too stagnant, so for example on ETH and SOL do not have developments according to market needs, it will be very likely to be defeated by other competitors who have better technological developments according to market needs at that time.

Whether ETH goes down or what, but the probability is already visible, the possibility is already visible with the development of the network and the effectiveness and efficiency of a network, we only need to see how they develop, and who is better will definitely have the possibility of overtaking one another.

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Quote from: AlphaBoy on August 01, 2024, 03:08:23 AM

Quote from: rodskee on August 01, 2024, 01:58:19 AM

no coins that will surpass bitcoin or else the whole crypto market dumped .

On the spot, a lot of coins are heavily backed by Bitcoin reserves, some up to 30%. That's why when Bitcoin gets dumped, it affects the entire market. Bitcoin is almost like the crypto NASDAQ in terms of indication and digital gold in terms of value, And not a single fiat will ever pass gold in value because it's backed by it, not the other way around.

Quote from: betswift on August 01, 2024, 02:06:10 AM

It's also the question of what surpassing means (which I think was discussed previously), but, in any case, in general terms, I think we can all agree that Bitcoin will be the bigger brother of ETH. Sure, Ethereum can give Bitcoin a run for its money in some aspects, but if looking by sheer force behind the two the winner is non-negotiable.

Those are the top 4 failed attempts where a coin had its value. If ETH passed Bitcoin in one of these, then it might pass Bitcoin, but it won't. ETH is much easier to be manipulated since it has an infinite amount to be mined; that's why it gained and lost 42% in 3 months, unlike Bitcoin where mining is completely different. Even though Bitcoin has limited value, the last Bitcoin will be mined in 2140, and the halving has created a protection that made the manipulation harder.

Would it though? With the halving process, there wouldn't be the - last - one per se. The amount mined would become ridiculously small, but it still would be there.

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Quote from: rodskee on August 01, 2024, 01:58:19 AM

no coins that will surpass bitcoin or else the whole crypto market dumped .

On the spot, a lot of coins are heavily backed by Bitcoin reserves, some up to 30%. That's why when Bitcoin gets dumped, it affects the entire market. Bitcoin is almost like the crypto NASDAQ in terms of indication and digital gold in terms of value, And not a single fiat will ever pass gold in value because it's backed by it, not the other way around.

Quote from: betswift on August 01, 2024, 02:06:10 AM

It's also the question of what surpassing means (which I think was discussed previously), but, in any case, in general terms, I think we can all agree that Bitcoin will be the bigger brother of ETH. Sure, Ethereum can give Bitcoin a run for its money in some aspects, but if looking by sheer force behind the two the winner is non-negotiable.

Those are the top 4 failed attempts where a coin had its value. If ETH passed Bitcoin in one of these, then it might pass Bitcoin, but it won't. ETH is much easier to be manipulated since it has an infinite amount to be mined; that's why it gained and lost 42% in 3 months, unlike Bitcoin where mining is completely different. Even though Bitcoin has limited value, the last Bitcoin will be mined in 2140, and the halving has created a protection that made the manipulation harder.

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Quote from: rodskee on August 01, 2024, 01:58:19 AM

Quote from: AlphaBoy on July 24, 2024, 02:58:56 AM

In terms of supply, Ethereum has unlimited supply.
In terms of security, Ethereum has inferior security compared to Bitcoin.
In terms of popularity, Bitcoin is known more than Ethereum.
In terms of price stability, Bitcoin is more stable, and Ethereum gained and lost almost 42% of its value in 3 months.

You shouldn't believe anyone who claims any crypto coin will surpass Bitcoin or even catch up to it in any field, whether it's an altcoin, meme coin, or shitcoin. The only coin that has surpassed Bitcoin is Monero, and only in security.

So no, I don't think Ethereum will ever catch up to Bitcoin.

exactly the point , that is what i believe the complete terms to use , on how to explain how and what is the comparison of bitcoin and ethreum , I am for Bitcoin always and surpassing by ethereum? lol that is almost impossible to happen .

no coins that will surpass bitcoin or else the whole crypto market dumped .

It's also the question of what surpassing means (which I think was discussed previously), but, in any case, in general terms, I think we can all agree that Bitcoin will be the bigger brother of ETH. Sure, Ethereum can give Bitcoin a run for its money in some aspects, but if looking by sheer force behind the two the winner is non-negotiable.

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Quote from: AlphaBoy on July 24, 2024, 02:58:56 AM

In terms of supply, Ethereum has unlimited supply.
In terms of security, Ethereum has inferior security compared to Bitcoin.
In terms of popularity, Bitcoin is known more than Ethereum.
In terms of price stability, Bitcoin is more stable, and Ethereum gained and lost almost 42% of its value in 3 months.

You shouldn't believe anyone who claims any crypto coin will surpass Bitcoin or even catch up to it in any field, whether it's an altcoin, meme coin, or shitcoin. The only coin that has surpassed Bitcoin is Monero, and only in security.

So no, I don't think Ethereum will ever catch up to Bitcoin.

exactly the point , that is what i believe the complete terms to use , on how to explain how and what is the comparison of bitcoin and ethreum , I am for Bitcoin always and surpassing by ethereum? lol that is almost impossible to happen .

no coins that will surpass bitcoin or else the whole crypto market dumped .

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Quote from: beerlover on July 31, 2024, 11:50:52 PM

Quote from: MAAManda on July 30, 2024, 10:14:39 AM

Quote from: bangjoe on July 29, 2024, 01:13:09 PM

yes if we involve Solana in the discussion and compare with Ethereum of course Solana is much better, and today it is more widely used, and yes some congestion problems on the solana network just need to be fixed and fixed that I think ETH will be overtaken by SOL rather than ETH catching up with BTC, even though ETH is considered a bluechip in the crypto market but indeed the technology has begun to be disrupted by much better competitors.

True, currently Solana (SOL) has about $83B and Ethereum (ETH) has almost $400B, although almost 5x multiples, but it makes more sense that Solana will catch up to Ethereum than Ethereum chasing Bitcoin (BTC) which has a lower multiplier from the MC side.

I feel like SOL itself can't catch ETH to be fair, but I do agree that ETH could drop down if anything happens. That means, I do not think that they will both be 600B one day together, like SOL would be growing faster and catch up, that kind of stuff will not happen.

What could happen would be both could reach 300B together, meaning ETH would go down, and SOL would continue to go up like the market. SOL was like 4th or something last I checked, so its a highly enjoyed coin, but we have seen plenty of them there before. I mean XRP was there, even BCH was there, we have seen ADA be third too, none of them stick and they all go down after a while, some very down, some little down, but they fail at it. SOL seems like one of them, could be like 8th in 3 years, and I wouldn't be shocked.

What I believe is that if its ever going to happen, like not just with SOL but if any other coin ever going to go above ETH, then in that case it wouldn't be just that coin going up, it would also be ETH not going up or even going down, that would make that thing possible. This is why I think its quite obvious that we are talking about something that will take a while, we need to be certain about it.

Yeah, even if there would be contenders so to speak, I too don't think they will be there for a while. ETH should be working on the things that would innovate it a bit and stop going for L2 rollups as the main way of resolving its own problems that could be slowly upgraded and gotten rid of.

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Quote from: asriloni on July 26, 2024, 07:11:26 AM

be probably once bitcoin hits 100k, then we're probably seeing each ethereum worth around 6k - 7k.

Once Bitcoin hits 10K, I also think Ethereum will be 6k - 7k. Eth has everything btc has plus smart contracts.

Imagine a world without checks or banking accounts - cash only. That is the advantage a system like eth has over an asset like btc - you can use it without manual intervention.

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Quote from: MAAManda on July 30, 2024, 10:14:39 AM

Quote from: bangjoe on July 29, 2024, 01:13:09 PM

yes if we involve Solana in the discussion and compare with Ethereum of course Solana is much better, and today it is more widely used, and yes some congestion problems on the solana network just need to be fixed and fixed that I think ETH will be overtaken by SOL rather than ETH catching up with BTC, even though ETH is considered a bluechip in the crypto market but indeed the technology has begun to be disrupted by much better competitors.

True, currently Solana (SOL) has about $83B and Ethereum (ETH) has almost $400B, although almost 5x multiples, but it makes more sense that Solana will catch up to Ethereum than Ethereum chasing Bitcoin (BTC) which has a lower multiplier from the MC side.

I feel like SOL itself can't catch ETH to be fair, but I do agree that ETH could drop down if anything happens. That means, I do not think that they will both be 600B one day together, like SOL would be growing faster and catch up, that kind of stuff will not happen.

What could happen would be both could reach 300B together, meaning ETH would go down, and SOL would continue to go up like the market. SOL was like 4th or something last I checked, so its a highly enjoyed coin, but we have seen plenty of them there before. I mean XRP was there, even BCH was there, we have seen ADA be third too, none of them stick and they all go down after a while, some very down, some little down, but they fail at it. SOL seems like one of them, could be like 8th in 3 years, and I wouldn't be shocked.

What I believe is that if its ever going to happen, like not just with SOL but if any other coin ever going to go above ETH, then in that case it wouldn't be just that coin going up, it would also be ETH not going up or even going down, that would make that thing possible. This is why I think its quite obvious that we are talking about something that will take a while, we need to be certain about it.

Topic: will Ethereum catch up to Bitcoin? - page 4. (Read 1220 times)