Topic: Will Ethereum overpower Bitcoin in the future? Which side are you on? - page 6. (Read 891 times)

all crypto markets are focused on bitcoin, so I think it is very difficult for ethereum to replace bitcoin, in the development maybe many large projects that use the ethereum network into their projects, obviously it will benefit ethereum as well in the future, only a few are less good namely transaction fees expensive and high, the problem they cannot solve is how to make it cheaper

as long as most of people sees BTC as the most precious crypto ethereum not gonna over power btc. when everyone thinks about crypto they always remembered of bitcoin and not ethereum. If Ethereum could change that mindset world wide then sure it can overpower bitcoin but near in the future I can't see that to happen although I do agree that the changes in crypto market is so rapid.
There are for example many coins out there making some new innovation but can't overtake bitcoin position for one simple reason, because bitcoin is branded as the most precious currency and when comparing to ETH it's like comparing gold to steel considering how much gaps it has by each coin prices alone.

There are a lot of projects built on the ethereum network, and DEX exchanges are overloading the ethereum network. Solutions are needed to make ethereum faster, less expensive. The developer of ethereum is expected to launch ethereum 2.0 soon.
Bitcoin is different from ethereum, it was first born and more interested in the world, many organizations are now buying bitcoins to include in their portfolios.
Every bitcoin's price action has a huge effect on the market as a whole. I think Bitcoin is still the number 1 crypto on the market.

It's great to see ETH2.0 tested without any issues showing up at all, this is one of the reasons why ETH pumped like crazy for the past few days. It even reached $462 today, which is a new ATH for the past 1 year.

You also have to admire what Vitalik and the team is doing, they're not stopping with the project development and is kinda similar to what NEM has been doing. If ETH2.0 is for ETH, they got Symbol which is blockchain for businesses, people are already using it prior to their token launch.

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.

When you say overpower, what exactly are you driving at? I'll just assume you meant price and replacing it as the no1 cryptocurrency in trading volume. For the price, that's unlikely to happen. Bitcoin has a finite maximum supply but that of ethereum is infinite meaning the total coin that would be tradable for both project, that of bitcoin will always have advantage over ethereum will serve as a catalyst for the continue dominate of bitcoin over ethereum (just in the price aspect).

As for the trading aspect (market capitalization) I think it's just a matter of time before bitcoin gets overthrown either by ethereum, USDT or some other project. These doesn't mean they'll be priced more than bitcoin but just that more individuals would be interested in trading this pairs instead of bitcoin. In the last 2 years the news had less to do with bitcoin excluding the halving news. From the likes of ICO, privacy focused projects to IEO and now DeFi, altcoins has been the driving force of the industry and that's not stopping anytime soon.

We all know bitcoin is no longer the highest priced cryptocurrency, Yearn.finance is (currently trading at $30,500). First mover advantage, trust etc, is on the side of bitcoin though so it won't be easy for any altcoin to overthrow.

Ethereum has already contributed a lot of significant developments in the crypto space but it does not mean that it will dethrone Bitcoin. Bitcoin's top spot is not just about technicalities. It is there not because it is the fastest, cheapest, most anonymous, etc. It is there because it is the founding father of all the cryptocurrencies that we now know. And that is enough for the largest community of crypto supporters to trust Bitcoin before anything else.

There is no talking about Ethereum overpowering Bitcoin or vice versa. Bitcoin will always stay on top. It is the most widely trusted and accepted and known. Ethereum is also the king but only among altcoins.

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.