Topic: Will Ethereum overpower Bitcoin in the future? Which side are you on? - page 5. (Read 891 times)
September 01, 2020, 09:57:13 AM
I am positioned between the two, because I believe bitcoin will never be replaced and ethereum is my second choice after Bitcoin, indeed from the problem of developing ethereum is better, but Bitcoin which has many followers will find it difficult to replace it.
September 01, 2020, 09:55:41 AM
I agree about the constantly changing situation but not up to overpowering Bitcoin because it has been discussed before that Bitcoin and Ethereum has different route or different pages of roles in the crypto industry. If you are talking about the price, it's not gonna be possible either because Etherium has fallen into the category of Altcoins that hasn't been get up to its ATH until now. Yes, we see some improvement but not the actual price that it reaches up to $800+ since last 2018. There are lots of differences between these two Major Cryptocurrencies but at the end of the day, we will see them both prospering on their own way.
You can read more about there difference here: https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp
You can read more about there difference here: https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp
September 01, 2020, 09:55:04 AM
Why are people still acting like Bitcoin and Ethereum are mutually exclusive, or even competitors at all? Ethereum obviously wants to evolve into being "the world's computer", even Vitalik Buterin obviously admits it - a platform using blockchain technology for things like DApps and DeFi. This is not something bitcoin was designed to do, the two cryptocurrencies have very different use cases.
September 01, 2020, 09:45:41 AM
ETH 2.0 was supposed to move this project to a new level and even a testnet has already been launched. When it will be availible for users - no one knows. I don’t believe this project and choose Bitcoin.
September 01, 2020, 09:37:58 AM
Its hard to see this happening soon, its also hard to give assumptions now since eth is far too behind bitcoin. BTC has a lot of following backing it up and its already established the name and proved its worth. Tho its possible if eth manages to overcome this, but that future is far too beyond. Maybe someday, but not anytime soon.
September 01, 2020, 08:53:14 AM
Overpower in terms of what??
In terms of trust, Bitcoin is still #1.
In terms of development, yes Ethereum is way ahead compare to Bitcoin and we knew it all.
In terms of Market Cap, Bitcoin is still the top 1.
In short, I don't see any possible reasons that Ethereum may overpower Bitcoin in terms of Market Cap although we know already that in terms of development Ethereum is ahead compare to it.
In terms of trust, Bitcoin is still #1.
In terms of development, yes Ethereum is way ahead compare to Bitcoin and we knew it all.
In terms of Market Cap, Bitcoin is still the top 1.
In short, I don't see any possible reasons that Ethereum may overpower Bitcoin in terms of Market Cap although we know already that in terms of development Ethereum is ahead compare to it.
September 01, 2020, 07:59:12 AM
I'm definitely on the side of bitcoin. Imagine a coin that started it all and still holding strong with dominance over 50%. I cant Imagine Ethereum gonna overpower Bitcoin anytime soon.
Ethereum rely too heavily on projects to use their platform but Bitcoin used widely by many people for transaction. It doesn't need Ethereum's gimmick to keep its dominance until now.
I'm very sure if people are being given these two crypto for free and to choose only one they would definitely choose Bitcoin. Bitcoin also already tested for massive traffic which proves that it is reliable for use to use as a currency.
Ethereum rely too heavily on projects to use their platform but Bitcoin used widely by many people for transaction. It doesn't need Ethereum's gimmick to keep its dominance until now.
I'm very sure if people are being given these two crypto for free and to choose only one they would definitely choose Bitcoin. Bitcoin also already tested for massive traffic which proves that it is reliable for use to use as a currency.
September 01, 2020, 07:46:51 AM
I don't understand why the op is comparing this both coin because I know they don't offer similar services so know need to ask if eth can overtake btc, but if I have to choose, then i believe btc will always remain strong and above eth.
this is only related to popularity in the market. not related to the technology being developed. it is very far for ETH to reach BTC. but as of now, they are walking side by side, and responding to each other is already looking good for ETH. September 01, 2020, 07:34:47 AM
I don't understand why the op is comparing this both coin because I know they don't offer similar services so know need to ask if eth can overtake btc, but if I have to choose, then i believe btc will always remain strong and above eth.
September 01, 2020, 07:04:42 AM
I also think that Etherum will have a hard time to overtake Bitcoin as the dominating cryptocurrency.
Bitcoin will just always have the advantage of being the first of its kind.
If you talk to people that are not into crypto then they only know bitcoin an nothing else.
Ethereum offers more possibilities though.
Bitcoin will just always have the advantage of being the first of its kind.
If you talk to people that are not into crypto then they only know bitcoin an nothing else.
Ethereum offers more possibilities though.
September 01, 2020, 07:01:36 AM
Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.
My vote is still on Bitcoin the dominance is still there and I don't see it changing in the next two years Ethereum is still a long way to go but they are still developing and evolving with new features every year.
Dominance:
BTC 54.8%
ETH 13.0%
USDT 3.35%
There are a lot of works to be done adoption is still ongoing and for people to get into the other coins, they must go through Bitcoin first, it's the one that started it all and the basic of Cryptocurrency is Bitcoin.
September 01, 2020, 06:38:13 AM
I predict, that the only way Ethereum can overpower Bitcoin is in demand race, but not in price comparison or popularity.
As CryptopreneurBrainboss mentioned, "finite maximum supply" of bitcoin will only stimulate price growth, but infinite amount of Ethereum will make it used more widely. Look how it was: Ethereum stimulated projects to use blockchain in different fields, first were ICO boom, now DeFi. And what about Bitcoin - from anonymous and jet transparent payment system transferred into an instrument of getting profit.
As CryptopreneurBrainboss mentioned, "finite maximum supply" of bitcoin will only stimulate price growth, but infinite amount of Ethereum will make it used more widely. Look how it was: Ethereum stimulated projects to use blockchain in different fields, first were ICO boom, now DeFi. And what about Bitcoin - from anonymous and jet transparent payment system transferred into an instrument of getting profit.
September 01, 2020, 06:34:56 AM
I think this discussion of overthrowing is not useful, we are supporting advanced tech that is blockchain technology and bitcoin and ethereum are its finest products so we should support them irrespective of price and other things.
September 01, 2020, 06:30:18 AM
The blockchain and cryptocurrency industry is an industry that is constantly changing and evolving. So it’s hard to give you a binary answer inmy opinion. I honestly love both the projects.
However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.
If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.
Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.
However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.
If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.
Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.
I could remember we've discussed this kind of topic over and over, this is just a recycled topic. Not trying to derogating the poster in any form at all.
On the issue of ETH overpowering BTC. The fact is that, it might be difficult, but nothing is impossible in life, it may not be possible now but there could be possibility sometimes in the future, especially if bitcoin fails to develop at expected rate and ETH is getting some exponential use case, definitely there could be some shift in power. So, it might be terribly difficult, but the possibility cannot be ruled out.
September 01, 2020, 05:14:47 AM
Vitalik called bitcoin a" collector's item"at the time. Bitcoin will remain the world's gold and will take its place among the world's assets.
Ethereum is a more progressive coin that is needed for the network to function. Ethereum is evolving in the right direction by changing its algorithm.
The value of this coin depends on its usefulness and not on the number of megawatts of electricity spent on mining.
Ethereum is a more progressive coin that is needed for the network to function. Ethereum is evolving in the right direction by changing its algorithm.
The value of this coin depends on its usefulness and not on the number of megawatts of electricity spent on mining.
September 01, 2020, 05:12:30 AM
I will give my opinion on these two currencies:
Bitcoin: bitcoin is widely accepted because it has a very good philosophy, that of decentralization and the fact of having an anonymous creator makes people feel more confident that something is worth investing in the long term, the bitcoin community is that decides a lot of things and that Is another factor that makes people like Bitcoin
ETH: it has a lot of innovation, but it has the obstacle of its creators not being anonymous and having the power to decide many things, look at a great example now: a twitter of some ETH creator talking about ETH 2.0 takes the price of ETH to the moon , obviously we can clearly see that the opposite can happen, yes it could happen that some creator of ETH speaks ill of ETH the price of ETH touch the deepest place on earth which would be an unforgettable drop, but this cannot happen with bitcoin
Bitcoin: bitcoin is widely accepted because it has a very good philosophy, that of decentralization and the fact of having an anonymous creator makes people feel more confident that something is worth investing in the long term, the bitcoin community is that decides a lot of things and that Is another factor that makes people like Bitcoin
ETH: it has a lot of innovation, but it has the obstacle of its creators not being anonymous and having the power to decide many things, look at a great example now: a twitter of some ETH creator talking about ETH 2.0 takes the price of ETH to the moon , obviously we can clearly see that the opposite can happen, yes it could happen that some creator of ETH speaks ill of ETH the price of ETH touch the deepest place on earth which would be an unforgettable drop, but this cannot happen with bitcoin
did not catch where you are heading with this post?
you say that both coins have the future, and i agree, but here is the topic "the rate of rise" that both coins will have, and i think that ETH will going to have steeper curve to the upside than BTC in a short term period, could not talk about long term perspective since it is a very dynamic market, and both coins have a lot to process in a near term to be certain what their prospective development will be, hopefully ETH will be able to launch ETH2.0 at the time, and this DeFi surge will not implode catastrophic at one moment, and ETH could de-throne BTC next year
September 01, 2020, 05:01:56 AM
I will give my opinion on these two currencies:
Bitcoin: bitcoin is widely accepted because it has a very good philosophy, that of decentralization and the fact of having an anonymous creator makes people feel more confident that something is worth investing in the long term, the bitcoin community is that decides a lot of things and that Is another factor that makes people like Bitcoin
ETH: it has a lot of innovation, but it has the obstacle of its creators not being anonymous and having the power to decide many things, look at a great example now: a twitter of some ETH creator talking about ETH 2.0 takes the price of ETH to the moon , obviously we can clearly see that the opposite can happen, yes it could happen that some creator of ETH speaks ill of ETH the price of ETH touch the deepest place on earth which would be an unforgettable drop, but this cannot happen with bitcoin
Bitcoin: bitcoin is widely accepted because it has a very good philosophy, that of decentralization and the fact of having an anonymous creator makes people feel more confident that something is worth investing in the long term, the bitcoin community is that decides a lot of things and that Is another factor that makes people like Bitcoin
ETH: it has a lot of innovation, but it has the obstacle of its creators not being anonymous and having the power to decide many things, look at a great example now: a twitter of some ETH creator talking about ETH 2.0 takes the price of ETH to the moon , obviously we can clearly see that the opposite can happen, yes it could happen that some creator of ETH speaks ill of ETH the price of ETH touch the deepest place on earth which would be an unforgettable drop, but this cannot happen with bitcoin
September 01, 2020, 04:46:46 AM
I'm on Bitcoin and Ethereum side actually, I don't have to choose a side mate and that's because Bitcoin and Ethereum are different blockchain platform and they are both useful too, instead of finding out which one will win over the other I prefer having both in my portfolio
September 01, 2020, 04:28:58 AM
The blockchain and cryptocurrency industry is an industry that is constantly changing and evolving. So it’s hard to give you a binary answer inmy opinion. I honestly love both the projects.
However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.
If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.
Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.
It is not easy to replace btc or eth by any new coin. Even these two giants cannot replace eachother due to the uniqueness and their own class, features, community and ecosystem. However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.
If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.
Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.
September 01, 2020, 04:04:36 AM
Not gonna happen sir, people and crypto community supports Bitcoin more than ethereum and Bitcoin has the highest Marketcap and volume, Bitcoin is the first and well recognized than other coins, I believe things will be this way for a very long time to come
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