Topic: Will Ethereum overpower Bitcoin in the future? Which side are you on? - page 3. (Read 911 times)
September 06, 2020, 12:43:08 AM
Regarding that matter I have no doubt that ethereum has a very high potential to be overvalue and outrank bitcoin and become the highest rank crypto. But for me I still believe that bitcoin will always be the king of all the coin knowing how many achievements it already accomplished.
September 05, 2020, 11:31:31 PM
Honestly BTC is still mother of all coins.
If you scroll through old threads where they have discussed regarding "Why ETH will surpass BTC", "How ETH is best than BTC"and see the discussion then you will get answer like, ETH is best platform and supporting huge ERC20 std projects (previous versions) and thus more and more investment will come into it. Everyone thought this will really boost the very nature of ETH investment and cross BTC capitalisation.
In reality it never happened to till date. In fact in 2018-19 year ETH went down ATL and BTC went ATH. There are still many loop holes in this project.
If you scroll through old threads where they have discussed regarding "Why ETH will surpass BTC", "How ETH is best than BTC"and see the discussion then you will get answer like, ETH is best platform and supporting huge ERC20 std projects (previous versions) and thus more and more investment will come into it. Everyone thought this will really boost the very nature of ETH investment and cross BTC capitalisation.
In reality it never happened to till date. In fact in 2018-19 year ETH went down ATL and BTC went ATH. There are still many loop holes in this project.
September 05, 2020, 09:18:41 PM
Discussing blockchain, then something as proof of the future of technology, the development of something will definitely lead to a more efficient and effective direction. In cryptocurrency, bitcoin is known as the origin of crypto, king, mother and several other names, this makes bitcoin the dominator of the crypto market. While it is clear that the ethereum platform has better intelligence and development, why does bitcoin dominate? That's because the environment makes users trust more and more. I am on the ethereum side, because in terms of platform development, it's just that bitcoin will still have a very large dominance from year to year, this is a domino effect from the environment that affects users that bitcoin is king.
September 05, 2020, 07:01:46 PM
People need to understand that there is no way Ethereum will ever overpower Bitcoin. The reason for this is very simple. Bitcoin introduced blockchain technology and Ethereum came to existence due to the development of Blockchain technology and Bitcoin is the foundation of it. Bitcoin will always be valuable so far as blockchain exist.
September 05, 2020, 05:21:35 PM
Ohhh no the next day itself defi started to crash very hard compared to the total crypto market cap value, even ethereum fell deep from the average down trend value so until now there is no sign of ethereum is going to surpass the value of bitcoin in any terms.
September 05, 2020, 03:54:24 PM
I think BTC will always dominate the cryptoqurrency market in the future, BTC is the top coin in the industry. but I also have no doubts about Ethereum, they have a great team and the fact that ethereum has great potential for future investment too.
September 05, 2020, 03:24:23 PM
I getting the feeling that bitcoin would not retain its position if the defi and yield farming continues. This new concept of mining has an easy way than a regular mining via equipment so probably there are miners who knows how to trade will be interested with these kind of business.
Considering eth will shift to PoS isnt it convenient when they already there? The only choice of miners is to find a new coin to mine or shift to a different approach of farming which is we know gave a lot of profits.
Im positive either yfi, eth, dot could reach bitcoin marketcap but not now, maybe few years depending on the intense of defi now.
Considering eth will shift to PoS isnt it convenient when they already there? The only choice of miners is to find a new coin to mine or shift to a different approach of farming which is we know gave a lot of profits.
Im positive either yfi, eth, dot could reach bitcoin marketcap but not now, maybe few years depending on the intense of defi now.
Stop joking, there is too much at stake and too many interested persons. Bitcoin has long become a common speculative asset to make money on which many sharks will run into. Now the hype around the new
September 05, 2020, 01:17:09 PM
I think Ethereum can't overpower Bitcoin ever.Ethereum has contributed a lot in crypto and now its trending because of DeFi coin and before it was a hotcake because of ICO project.But ethereum never even came close to Bitcoin.Now Btc dominance in the market is 57% approx.And I think Bitcoin will continue reign the crypto market.
People still believe in Bitcoin and the way bitcoin has advertised in the world ethereum never beat that.In many countries,people don't know what is crypto but they heard about Bitcoin.And still people prefer to invest in Bitcoin and And if you want a suggestion for which coin you wanna invest everyone has a different choice but most common is Bitcoin.Bitcoin is the king and will always be in Cryptocurrency industry.
People still believe in Bitcoin and the way bitcoin has advertised in the world ethereum never beat that.In many countries,people don't know what is crypto but they heard about Bitcoin.And still people prefer to invest in Bitcoin and And if you want a suggestion for which coin you wanna invest everyone has a different choice but most common is Bitcoin.Bitcoin is the king and will always be in Cryptocurrency industry.
September 04, 2020, 01:47:53 PM
that possibility could have happened because imminent ranking which is close besides that both coins have a high demand in the market
and there are always good updates, my speculation took a long time to prove all of this
and there are always good updates, my speculation took a long time to prove all of this
September 04, 2020, 01:41:23 PM
I think Bitcoin will be overtaken eventually. Perhaps not by ETH, but cryptos still have a long way to go and they will evolve. Bitcoin isn't perfect, and there are more advanced coins.
Never mate, though bitcoin's technology is outdated. But I do not believe that any altcoin will ever surpass it. Bitcoin is the first cryptocurrency in this market and it is slowly becoming rare, Bitcoin represents cryptocurrency so I believe it will always stand in this market. September 04, 2020, 01:38:09 PM
Maybe when Ethereum sort of the problem of high fees spike then we can finally see it have mass adoption. If not then I don't think Ethereum could overpower and pass Bitcoin. I'm on any side that brings benefits to crypto as well as profits to me. Right now, Ethereum have a lot of works that need to be done if it plans on overpower Bitcoin as I said above.
September 03, 2020, 08:54:43 AM
Ethereum is awesome, I love ethereum, I think it will go up in price a lot as well, it is definitely undervalued right now and if you have any money to invest to it I say it is much better to invest into ethereum right now instead of investing into bitcoin because eth could do 3x in the next 4 months where I see bitcoin not making that much stride.
However there is no way ethereum could surpass bitcoin overall, sure a faster increase sooner but that doesn't mean that it will pass it, we are talking about 25x or so increase while bitcoin staying still, that is not realistic. 25x increase is not something to scuff at, that is record breaking by almost 10 times and I do not think that something like that could happen while the market just sits around and watches it doing it.
However there is no way ethereum could surpass bitcoin overall, sure a faster increase sooner but that doesn't mean that it will pass it, we are talking about 25x or so increase while bitcoin staying still, that is not realistic. 25x increase is not something to scuff at, that is record breaking by almost 10 times and I do not think that something like that could happen while the market just sits around and watches it doing it.
September 02, 2020, 08:27:09 PM
Honestly Ethereum has been a very huge project with many innovations since launched, but there is no way it can every overtake the king (BTC) in future.
It's been a long time since this been tacled and still bitcoin still on top and ETH was been overtake by Ripple.
It's really the trust from most investors who placed bitcoin still on top.
Quote
This is because the market of BTC is way up and many people regard BTC as store of value. Most people lock profits in BTC just for instance.
Most people both investors and those who are enjoying using bitcoin as currency still believes with this crypto
it will be more tough for ETH and the chance is still slim to overpower bitcoin.
September 02, 2020, 08:08:27 PM
I think Bitcoin will be overtaken eventually. Perhaps not by ETH, but cryptos still have a long way to go and they will evolve. Bitcoin isn't perfect, and there are more advanced coins.
September 02, 2020, 07:29:22 PM
Nay! As for me, I think Ethereum can not over power or overshadow Bitcoin. Bitcoin is a very great coin and it has made it's way high. But Ethereum can be like the younger sibling of Bitcoin but I doubt if ETH can ever overpower BTC.
September 02, 2020, 07:22:04 PM
Technologically, it did it a long time ago (just like there are other coins superior in tech to ETH already) but in price and market adoption? Who knows, it could happen but it will probably take a long time, especially since there's not the same amount of institutional investment in ETH yet. Impossible? No, but very hard road ahead. Diversify and win :-D!
September 02, 2020, 07:13:25 PM
Honestly Ethereum has been a very huge project with many innovations since launched, but there is no way it can every overtake the king (BTC) in future. This is because the market of BTC is way up and many people regard BTC as store of value. Most people lock profits in BTC just for instance.
September 02, 2020, 06:19:19 PM
Ethereum can go to the path just like bitcoin of being a store value. Look to the POS, as you have said a change is constant but bitcoin will remain.
While for Ethereum, when it's already activated as a POS. Being it as a store of value is about to start. I'm looking forward to it. I'm on both sides, I like and have them both.
While for Ethereum, when it's already activated as a POS. Being it as a store of value is about to start. I'm looking forward to it. I'm on both sides, I like and have them both.
September 02, 2020, 06:14:23 PM
Bitcoin and Ethereum are two completely different things.... They're not in competition with one another.
What you're essentially saying is "Will electricity overpower the dollar in the future?" Ether is a gas unit used to power the Ethereum virtual machine (EVM), whereas Bitcoin is a store of value and transactional unit of value. They are not equivalent, even though they are both cryptocurrencies.
Ethereum arguably has more use cases than Bitcoin, hence why it has grown so fast. It's also not competing with banks or other massive centralized institutions like Bitcoin is.
I think Ether will achieve a higher market cap than Bitcoin at some point, but that by no means it has overpowered it. When it comes to payments, it's all bitcoin baby.
What you're essentially saying is "Will electricity overpower the dollar in the future?" Ether is a gas unit used to power the Ethereum virtual machine (EVM), whereas Bitcoin is a store of value and transactional unit of value. They are not equivalent, even though they are both cryptocurrencies.
Ethereum arguably has more use cases than Bitcoin, hence why it has grown so fast. It's also not competing with banks or other massive centralized institutions like Bitcoin is.
I think Ether will achieve a higher market cap than Bitcoin at some point, but that by no means it has overpowered it. When it comes to payments, it's all bitcoin baby.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
September 02, 2020, 03:35:06 PM
If you look at daily settlement value, you will see ETH already surpassed Bitcoin in settlement value, I've never seen such kind of things before. Over the past few months, DeFi liquidity mining has been causing significant turmoil in the crypto market. The DeFi project has given a new impetus to Ethereum. All types of ETH based project like DeFi, tokens, stable-coin are supporting ETH to overtake BTC.
Jump to: