Topic: will Ethereum catch up to Bitcoin? - page 4. (Read 925 times)
I don't think so
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.
If you wanted to explain it, you might suggest that ether developers are constantly tinkering with the blockchain, regularly injecting their new ideas into the system, which may or may not solve the blockchain problems they want to fix and that tinkering decreases the value of ether because inject uncertainty. 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. So Ethereum developers acting like a central bank might just hinder its valuation. “Code as law” isn't very convincing when some young, faceless programmer can act like Judge Dredd with your bag of crypto.
Bitcoin -1.2%, on the other hand, there is almost no such interference and no system flipping every time some developer thinks something is wrong with it. The idea of decentralization is still strong in bitcoin and changing the system is incredibly difficult and the structure is hardly decentralized. bitcoin marches on, seemingly impenetrable to much human influence.
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.
You are wrong, take a look at the price of ethereum in terms of bitcoin and you will see the truth, ethereum has been underperforming bitcoin since June of 2017 and right now ethereum is 66% down since its all time high, what does this mean? That if you invested in ethereum then at best you still hold the same amount of bitcoin, but if you invested at one of the points in which ethereum was that expensive then you lost money, as if you had invested your money in bitcoin instead you could have doubled or even tripled your money. If you wanted to explain it, you might suggest that ether developers are constantly tinkering with the blockchain, regularly injecting their new ideas into the system, which may or may not solve the blockchain problems they want to fix and that tinkering decreases the value of ether because inject uncertainty. 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. So Ethereum developers acting like a central bank might just hinder its valuation. “Code as law” isn't very convincing when some young, faceless programmer can act like Judge Dredd with your bag of crypto.
Bitcoin -1.2%, on the other hand, there is almost no such interference and no system flipping every time some developer thinks something is wrong with it. The idea of decentralization is still strong in bitcoin and changing the system is incredibly difficult and the structure is hardly decentralized. bitcoin marches on, seemingly impenetrable to much human influence.
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.
the network congestion thing will probably get solved, i heard there's already solution for it and currently on testing in solana.
couldn't agree more with your last statement, ethereum is stagnating in term of technology, too much depending on its L2 and rollups to solve scalability while the main blockchain just stays the same.
ETH need to speed up the blockchain and solve scalability issue in the main blockchain if it wants to retain its position as the number 2 biggest crypto, otherwise solana will be a big contender that will slowly taking market cap of ETH little by little.
couldn't agree more with your last statement, ethereum is stagnating in term of technology, too much depending on its L2 and rollups to solve scalability while the main blockchain just stays the same.
ETH need to speed up the blockchain and solve scalability issue in the main blockchain if it wants to retain its position as the number 2 biggest crypto, otherwise solana will be a big contender that will slowly taking market cap of ETH little by little.
ETH developers are sluggish enough not to solve on-chain scalability issues on time. Instead, they're forcing users to move to centralized L2 networks. While I don't think Solana will surpass Ethereum's market cap in the future, it will grow larger because of its higher TX capacity and cost-effectiveness. At its current state, ETH gas fees are more expensive than Bitcoin's network fees. There are some smart contracts taking up a lot of network resources on Ethereum.
The idea of PoS + Sharding making ETH faster and cheaper to use is long gone. Everything is the same as it was when ETH was just a plain PoW blockchain (it's even worse now). Why would ETH catch up to BTC? No one can beat the "King". Hopefully, ETH developers address on-chain scaling issues before it's too late.
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.
In terms of network fundamentals, Solana (SOL) is stronger than Ethereum (ETH), although a while ago there was a congestion or hacking incident on the Solana network, I think it's only a matter of time until Solana completely overtakes Ethereum's MC ranking. What I mean is, how can Ethereum beat Bitcoin, when in terms of technology alone Ethereum has lost to Solana. So, it's just pure bullshit for people to say Ethereum will beat or catch up to Bitcoin.
the network congestion thing will probably get solved, i heard there's already solution for it and currently on testing in solana.
couldn't agree more with your last statement, ethereum is stagnating in term of technology, too much depending on its L2 and rollups to solve scalability while the main blockchain just stays the same.
ETH need to speed up the blockchain and solve scalability issue in the main blockchain if it wants to retain its position as the number 2 biggest crypto, otherwise solana will be a big contender that will slowly taking market cap of ETH little by little.
Yeah, ETH should go with a blast if it wants to stay in the place it is now, I hope for the main chain to bring something new to the table, like better terms for solo staking, minimizing quarantine box for reducing the harm from the builders, etc. But from the looks of things and from articles from Vitalik Buterin, there are new things coming ahead, so I hope for the better.
We have seen Bitcoin become a reserve currency for major companies and even some nations like El Salvador continue to accumulate it. U.S. politicians are campaigning on the idea of creating a strategic Bitcoin reserve. If they were campaigning on creating an Ethereum reserve they would not be taken very seriously. It would also be ridiculous to think of Tesla holding over half a billion dollars of Ethereum on their balance sheet, like they do with Bitcoin.
Because of the constant changes in monetary policy, Ethereum is not a great store of value. Ethereum was supposed to revolutionize finance but instead it recreated something similar to fiat. Exploits and rugpulls are also a major issue that has persisted through the years because there is no easy way to make decentralized finance secure.
Ethereum still has wide enough support that it will continue to exist and its value will go up over time, but there are some big enough downsides that will prevent it from overtaking Bitcoin.
Because of the constant changes in monetary policy, Ethereum is not a great store of value. Ethereum was supposed to revolutionize finance but instead it recreated something similar to fiat. Exploits and rugpulls are also a major issue that has persisted through the years because there is no easy way to make decentralized finance secure.
Ethereum still has wide enough support that it will continue to exist and its value will go up over time, but there are some big enough downsides that will prevent it from overtaking Bitcoin.
legendary
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Leading Crypto Sports Betting & Casino Platform
In terms of network fundamentals, Solana (SOL) is stronger than Ethereum (ETH), although a while ago there was a congestion or hacking incident on the Solana network, I think it's only a matter of time until Solana completely overtakes Ethereum's MC ranking. What I mean is, how can Ethereum beat Bitcoin, when in terms of technology alone Ethereum has lost to Solana. So, it's just pure bullshit for people to say Ethereum will beat or catch up to Bitcoin.
the network congestion thing will probably get solved, i heard there's already solution for it and currently on testing in solana.
couldn't agree more with your last statement, ethereum is stagnating in term of technology, too much depending on its L2 and rollups to solve scalability while the main blockchain just stays the same.
ETH need to speed up the blockchain and solve scalability issue in the main blockchain if it wants to retain its position as the number 2 biggest crypto, otherwise solana will be a big contender that will slowly taking market cap of ETH little by little.
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.
Be no way for Etherium to come close to Bitcoin in value not to even talk of catching up Bitcoin in price and everything according to your topic.
Altcoins including Ethereium depends on Bitcoin price to move, therefore, they can have some good percentage increase in price for some time, but they can never come close to bitcoin in value.
No I do not think this is going to happen. Bitcoin will be the always number 1 coin jut because it was the first of them all.
It has a big marketcap of $1.37 Trillion. And the marketcap of Eth is only $405 Billion. I do think there is going to be alot of hodlers for Eth but it will be behind Bitcoin.
It has a big marketcap of $1.37 Trillion. And the marketcap of Eth is only $405 Billion. I do think there is going to be alot of hodlers for Eth but it will be behind Bitcoin.
Agreed. ETH will be the golden standard of an altcoin, however, BTC will be there waiting at the №1 place.
ETH has become quite weak coin honestly that I think solana might get the chance to overtake it maybe next bullrun, even weaker compared to BTC.
seeing recent price action where BTC pumps from $62k all the way to $69k and ETH just climbed from $2080 to $2200 is sad really.
also, agreed with the ordinal that allows BTC to have functionality similar to ETH and also BTC already has many L2 that allows smart contract and liquid restaking protocol, BTC didn't lose out to ETH in term of functionality at all.
seeing recent price action where BTC pumps from $62k all the way to $69k and ETH just climbed from $2080 to $2200 is sad really.
also, agreed with the ordinal that allows BTC to have functionality similar to ETH and also BTC already has many L2 that allows smart contract and liquid restaking protocol, BTC didn't lose out to ETH in term of functionality at all.
In terms of network fundamentals, Solana (SOL) is stronger than Ethereum (ETH), although a while ago there was a congestion or hacking incident on the Solana network, I think it's only a matter of time until Solana completely overtakes Ethereum's MC ranking. What I mean is, how can Ethereum beat Bitcoin, when in terms of technology alone Ethereum has lost to Solana. So, it's just pure bullshit for people to say Ethereum will beat or catch up to Bitcoin.
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.
ETH has become quite weak coin honestly that I think solana might get the chance to overtake it maybe next bullrun, even weaker compared to BTC.
seeing recent price action where BTC pumps from $62k all the way to $69k and ETH just climbed from $2080 to $2200 is sad really.
also, agreed with the ordinal that allows BTC to have functionality similar to ETH and also BTC already has many L2 that allows smart contract and liquid restaking protocol, BTC didn't lose out to ETH in term of functionality at all.
seeing recent price action where BTC pumps from $62k all the way to $69k and ETH just climbed from $2080 to $2200 is sad really.
also, agreed with the ordinal that allows BTC to have functionality similar to ETH and also BTC already has many L2 that allows smart contract and liquid restaking protocol, BTC didn't lose out to ETH in term of functionality at all.
In terms of network fundamentals, Solana (SOL) is stronger than Ethereum (ETH), although a while ago there was a congestion or hacking incident on the Solana network, I think it's only a matter of time until Solana completely overtakes Ethereum's MC ranking. What I mean is, how can Ethereum beat Bitcoin, when in terms of technology alone Ethereum has lost to Solana. So, it's just pure bullshit for people to say Ethereum will beat or catch up to Bitcoin.
No I do not think this is going to happen. Bitcoin will be the always number 1 coin jut because it was the first of them all.
It has a big marketcap of $1.37 Trillion. And the marketcap of Eth is only $405 Billion. I do think there is going to be alot of hodlers for Eth but it will be behind Bitcoin.
It has a big marketcap of $1.37 Trillion. And the marketcap of Eth is only $405 Billion. I do think there is going to be alot of hodlers for Eth but it will be behind Bitcoin.
Agreed. ETH will be the golden standard of an altcoin, however, BTC will be there waiting at the №1 place.
No I do not think this is going to happen. Bitcoin will be the always number 1 coin jut because it was the first of them all.
It has a big marketcap of $1.37 Trillion. And the marketcap of Eth is only $405 Billion. I do think there is going to be alot of hodlers for Eth but it will be behind Bitcoin.
It has a big marketcap of $1.37 Trillion. And the marketcap of Eth is only $405 Billion. I do think there is going to be alot of hodlers for Eth but it will be behind Bitcoin.
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.
Nobody knows what will happen in the far future whether Ethereum can level up with Bitcoin, but as of what is on ground and what we can speculate about their future, Bitcoin will always be ahead. In terms of security and popularity like you mentioned, Bitcoin is way ahead of Ethereum, also it's supply is finite and any experienced person in the crypto space should know this fact. The rate of popularity and adoption that Bitcoin is gathering around the world is geometrical, no other cryptocurrency is nearing it, so it'll be next to impossible for Ethereum or any other crypto to compete with Bitcoin. 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.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
100% correct, the most basic thing is that Ethereum (ETH) loses in terms of age, then scarcity, apart from that they also lose in terms of adoption.
Q: But Bitcoin (BTC) doesn't have what advanced blockchains like smart-contracts have?
A: With recent developments like Ordinal, isn't it already part of advanced blockchains? although the Bitcoin community doesn't like this.
As time goes by, the supply of Ethereum (ETH) will increase, because the supply is unlimited. So what other basis can Ethereum (ETH) surpass Bitcoin (BTC) someday? none at all!
Q: But Bitcoin (BTC) doesn't have what advanced blockchains like smart-contracts have?
A: With recent developments like Ordinal, isn't it already part of advanced blockchains? although the Bitcoin community doesn't like this.
As time goes by, the supply of Ethereum (ETH) will increase, because the supply is unlimited. So what other basis can Ethereum (ETH) surpass Bitcoin (BTC) someday? none at all!
+1 on this, ETH has become quite weak coin honestly that I think solana might get the chance to overtake it maybe next bullrun, even weaker compared to BTC.
seeing recent price action where BTC pumps from $62k all the way to $69k and ETH just climbed from $2080 to $2200 is sad really.
also, agreed with the ordinal that allows BTC to have functionality similar to ETH and also BTC already has many L2 that allows smart contract and liquid restaking protocol, BTC didn't lose out to ETH in term of functionality at all.
chart above speaks a lot
.ETH will not overtake BTC now and in the future, because BTC is being invested heavily by institutional investors and ETH rarely invested by the same institutions so you know that ETH depends on retailer more which has tendency of panic selling
.BTC will never get overtaken by any coin in existence.
How could we ever know that will never happen? It may happen and because of that I believe that we are going to end up with something that could get us ETH going higher.
I think the main reason is because everyone has already invested very heavily into bitcoin to keep it not going lower than anything else, for that to happen we need more than the market average drop, and bitcoin will not have that. Think about it, if all goes 10% down, btc needs to go down 30% and this has to happen a few times, I doubt that will ever happen let alone a few times.
So it is not whales buying btc, it's nobody willing to sell btc more than they are willing to sell other stuff. That's true because it's also not in the market, meaning that it can't be just reverse because people felt like it, it would require a huge shift of funds around, and if that ever happens we can see that before it even happens and be ready.
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.
Yo shouldn’t try to compare them through percentage wise because they’ll not be moving in the same percentage when the bull run arrives. Everyone will be on their upward trajectory movement and won’t have anything in common rather then mining in the same direction. A move in bitcoin always affects all other cryptocurrencies, mostly those established ones that won’t face exit in the market anytime soon in the future.
Now OP, your topic is asking if Ethereum can catch up with bitcoin or not, but the truth of the matter is that, Ethereum cannot beat the reach again, it’ll just have his own line of action along side bitcoin but catching up with it is not something imaginable at all, because it won’t even get to that. They’re built on different consensus and technology, so I don’t think the other can overlap the first.
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.
All I have seen from your post are just conspiracy theory that are baseless because I don't understand why you need to compare Bitcoin that has 21 million maximum circulating supply and ethereum that has 5 times the circulating supply of Bitcoin. How can you compare Ether that just recently change to proof of stake and it's now even more centralized that is difficult to make their transactions faster, I see no reason why Ether was even created.
If Ethereum was to grow today, there is no way Bitcoin wouldn't move. Beside, Bitcoin grow before any other coins follow and Bitcoin will have give big space that it will be impossible for ethereum to cover that space. Some of these things like decentralization and security is the reason why Bitcoin is that too good in value, Ethereum lack these things and that's why they don't get respected it like Bitcoin.
No I don’t think Ethereum will ever catch up with Bitcoin if what you mean is be a higher $ price or surpass adoption. Bitcoin is the King of crypto & always will be, it’s better in every way. It has a much lower supply with a fixed cap of 21 million, compared to Ethereum where the supply is almost endless. Bitcoin is proof of work compared with proof of stake with Eth. Transaction/Gas are much higher with Ethereum. I don’t see Eth catching up with Bitcoin in any way.
100% correct, the most basic thing is that Ethereum (ETH) loses in terms of age, then scarcity, apart from that they also lose in terms of adoption.
Q: But Bitcoin (BTC) doesn't have what advanced blockchains like smart-contracts have?
A: With recent developments like Ordinal, isn't it already part of advanced blockchains? although the Bitcoin community doesn't like this.
As time goes by, the supply of Ethereum (ETH) will increase, because the supply is unlimited. So what other basis can Ethereum (ETH) surpass Bitcoin (BTC) someday? none at all!
chart above speaks a lot
.ETH will not overtake BTC now and in the future, because BTC is being invested heavily by institutional investors and ETH rarely invested by the same institutions so you know that ETH depends on retailer more which has tendency of panic selling
.BTC will never get overtaken by any coin in existence.
i don't think Ethereum will catch up with Bitcoin especially in terms of price, popularity and security. It will not happen, at least in many years to come. While Ethereum has performed wonderfully well as an altcoin, Bitcoin have a strong edge over Ethereum. Apart from being the pioneer cryptocurrency, Bitcoin has gained massive trust over the years. It dominates the crypto space by 55.41% percentage in comparison to Ethereum which has 16.3% percentage. Clearly, Bitcoin is the king of crypto.
true, the dominance is too high with bitcoin, honestly I don't see ETH overtaking BTC market cap anytime soon, even with all things ETH offered people will still stick to BTC because its the first ever crypto.
moreover with the presence of BTC L2 maybe ETH will have smaller market share in the future once BTC L2 and ordinals becomes even more popular.
but ETH is also dominating in the category of blockchain with smart contract capability, far surpassing the other, so ETH is winning on different category in which excludes BTC.
so BTC is king of crypto while ETH is king of smart contract blockchain
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