will Ethereum catch up to Bitcoin? - page 6.

tygeade

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Quote from: JeffBrad12 on July 27, 2024, 01:29:38 AM

chart above speaks a lot Grin

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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 Grin

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BTC will never get overtaken by any coin in existence.

While I do agree that ETH will not take over BTC, and I do agree that BTC will never be taken over, my reasoning isn't the whales. Because if whales are investing heavily into btc right now and that seems like a reason, in a year or two maybe something will happen and they will invest into ETH instead of BTC?

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.

Ndabagi01

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

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.

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

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.

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Quote from: DeathAngel on July 24, 2024, 07:25:52 AM

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!

JeffBrad12

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chart above speaks a lot Grin

.

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 Grin

.
BTC will never get overtaken by any coin in existence.

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Quote from: evichi on July 26, 2024, 06:58:35 PM

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

evichi

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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.

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

I agree with the idea that ETH has a bigger potential, bitcoin isn't really doing anything all that great. We need to make sure that we are dealing with something that is taking a bit of a time, and shouldn't really be all that crazy. I think it needs to be something that will take a while, it is not going to be all that easy, we can't make that work.

I mean ETH is not near those levels yet, we are talking about something that may take a while, and because of that I honestly think that we are going to face something that is not going to be easy at all. We should consider how things could change with time, and for that to mean something we need to consider how it could grow bigger, and faster.

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

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Man that was one confusing method to compare eth and fiat, and I reckon it probably isn't even that accurate (can't judge, don't know jack about how fiat changes, if it does even change). Anyhow, highly doubt ETH would surpass Bitcoin, both in price and influence.

Plus, with the release of the ETF people were expecting it to go up. But it didn't, even went down afaik. Well I reckon people still see it as a profit since it's still green past that 6 month mark last I checked, but again pretty sure that shows how ETH can in no way, at least with what it's shown so far, exceed Bitcoin and its influence.

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

I've experienced when Ethereum took bitcoin's place. It became the number one cryptocurrency. But that day won't never repeat. I meant it's almost impossible for Ethereum to catch up to Bitcoin. People now see Bitcoin as a good asset to invest in.And even many of them call Bitcoin digital gold.

It's impossible for Ethereum to catch up to Bitcoin. We are now moving forward, and things are very different compared to the last bull run of 2021. Altcoins are getting weaker now. When the major coin increased a lot, altcoins stayed in the same place.

Again, what's the basis of your calculation? You say Ethereum's price will be 1/4 of Bitcoin at $100k per Bitcoin. I meant, why not use the current price of Bitcoin and Ethereum to forecast their prices?

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

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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.

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.

Why would ETH displace BTC in the future? It doesn't make any sense. First off, Ethereum is an inflationary cryptocurrency. And second, it's centralized and less reliable than Bitcoin. You can't beat the real thing. Without BTC, ETH nor any of the zillions of altcoins on the market would exist today. Besides, BTC has first-mover advantage.

I understand many ETH holders are optimistic about Ethereum, but lets get realistic. BTC is the original project that started this craze. ETH is just an altcoin that came after BTC. Those are the facts. Set yourself forward 10-20 years, and ETH will still be the #2 cryptocurrency in market cap. Who cares, right? As long as you're able to make money with ETH, nothing else matters. Cheesy

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Quote from: X-ray on July 24, 2024, 10:51:48 PM

Ethereum has been performing quite bad though, an outlook to the current small dips that experienced by the crypto market

ETH is down more than any other coin, supposedly ETH should be gaining price increase right now considering that ETF inflow of ETH in the first day amounts to hundred millions of dollars

but nah, it dipped worse than other big 5 coin, knowing that ETH has been quite underperforming this bullrun, this is such a disappointment, it seems as if the market shows lack of interest to ETH.
so I'm not really sure whether it can really catch up with bitcoin.

I do think that that dip is for big hands to throw off those who already put their money on futures long on ETH, afterwards, we will see the movement up, thus, whales will rebuy the positions of these people with a better price for themselves.

X-ray

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Ethereum has been performing quite bad though, an outlook to the current small dips that experienced by the crypto market

ETH is down more than any other coin, supposedly ETH should be gaining price increase right now considering that ETF inflow of ETH in the first day amounts to hundred millions of dollars

but nah, it dipped worse than other big 5 coin, knowing that ETH has been quite underperforming this bullrun, this is such a disappointment, it seems as if the market shows lack of interest to ETH.
so I'm not really sure whether it can really catch up with bitcoin.

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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.

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.

What faceless developers are you talking about? Every significant developer who is working for it closely, is more or less a public figure. And the code is public. And what an earth is this central bank vs eth developer comparison? That doesn't make any sense. Eth has nothing to do with fiat or how fiat is being "developed", or "tinkered" with.

And world needs projects that are being ambitious and experimental, that's how we get things done. Not by worrying that everything collapses if we do a tiniest change to the code. And people have change to vote down unwanted changes, by not accepting them.

But yeah, i can see eth going to 25k easily.

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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.

AlphaBoy nailed it perfectly in terms of the way things should be. ETH is still used to launch a universe of projects, some good and many crap, which Bitcoin cannot do. Fortunately, the really high average ETH network fees allows competitors a chance to eventually take over the number two spot.

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Ethereum will surely be one of the best cryptocurrencies forever, but I don't think it's going to catch up to Bitcoin. It might outperform Bitcoin several times, but Bitcoin is still going to dominate over time. If Ethereum were going to catch up, it should have done that a long time ago.

Captain Corporate

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Maybe? These type of things are not really known beforehand to be fair, we would love to know it beforehand, but usually we don't and we just see it when that happens. So if the flip ever happens, we will not be knowing it beforehand, some people can make predictions but that ain't really that hard, its just making up a decision. I can also do a heads or tails, and decide based on that, it would be same as people making predictions to be fair, nothing different. In the end, we just have to live and see what happens, but what we can decide is what could happen if that ever becomes real, and I think it will not matter too much if you ask me, not much will change.

SOKO-DEKE

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Quote from: DeathAngel on July 24, 2024, 07:25:52 AM

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.

I don't even know the type of hype that Ethereum will get that it will surpass Bitcoin's price one day. No matter how people may adopt Ethereum, I don't ever think its price will surpass Bitcoin's, because the more people adopt Ethereum, the more people will continue adopting Bitcoin. The current price gap between Bitcoin and Ethereum is very wide. In fact, from my experience in the crypto industry, it is clear to me that Bitcoin is the king coin that controls the price of all other alternative coins. Bitcoin's bullish trend is the pattern all strong alternative coins always follow. So, I think people may even adopt Ethereum more than they will keep adopting Bitcoin.

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

The main problem with this idea is the fact of where will the liquidity came from. That price level needs huge liquidity to flow on Ethereum without siphoning the liquidity out of other crypto such as Bitcoin. We need billionaires to invest on crypto or at least double the current investment of everyone in crypto right now in able to achieved that target.

The current marketcap is still on high level so it’s very hard for altcoins to catchup easily unless Bitcoin dominance will go down and pour toaltcoin like Ethereum.

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Quote from: DeathAngel on July 24, 2024, 07:25:52 AM

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.

Not even ETH as long as bitcoin will remain bitcoin and its feature will no change. I don’t see any coin ahead of bitcoin; in fact, bitcoin has been in existence for a very long time now, and its value has not decreased anywhere. It is always increasing, and the adoption of bitcoin is getting bigger, so I don’t think there will be a coin that can come, and bitcoin, either price or value, is going to be impossible.

However, the teams behind BTC are very smart, and they will work end to end to see that the existence of bitcoin impacts more to people positively than any other cryptocurrency, so this will make it no longer disappear in the industry.

Topic: will Ethereum catch up to Bitcoin? - page 6. (Read 1220 times)