Bitcoin Forum

eah already are doing isn’t? I think they can very much co-exist and not just these too. I completely believe that down the line in next 3-4 years, I will be 10-15 Crypto Currencies that will be fighting for the top spot, so they all will co-exist and there is no reason why they can’t. The market is so big that it’s easy.

The real question should be, can altcoins co exist with bitcoin because bitcoin will be always here. Bitcoin has better support, a bigger community and a very active one. Altcoins including Ethereum are usually pump and dump coins, sure someone can make money with them by buying low and selling high because those have even higher volatility than bitcoin, but that's it, they are not as mainstream as bitcoin so their long life existence is not guaranteed compared to bitcoin.

Bitcoin is a specific ledger that runs on a blockchain. Bitcoin which because it exists on a blockchain is peer-to-peer and decentralized currency.Ethereum is an additional layer that can sit on top of a blockchain and provide what they call “Smart Contracts” that can be used for anything from a wallet to ownership identification, to proof of signature.

Why can not they coexist?

yes in fact bitcoin is the first most currency created on the earth as mostly for online purpose and now we can see that all the other crypto currencies are the copy of bitcoin, i think not only Etherium but a not of other crypto currencies will exist, but still bitcoin will be on top and no other crypto currency will take its place. i am hopeful that with the passage of time the importance of bitcoin is increasing from time to time.

Those 10-15 crypto-currencies may really fight for the leading position in the nearly future, but I doubt that anyone will be able to move Bitcoin from this position. You see, Bitcoin is kinda limited edition, so everybody want it and that's creating the greatest demand which is growing day by day. The price for bitcoin will grow together with people's wish to own some. Exactly this fact is making bitcoin the King and this fact will stay it so.

Yes of course they already do. What do you imply?

The only thing people will do is buy/sell coins that they like or dislike. It is possible that ETH will surpass BTC if BTC gets fucked on August. But we shall see.

I don't see any reason why the two (Bitcoin and Ether) could not live side by side and peacefully at that. I have this nagging question: Is there really a war between Bitcoin and other coins?

What I mean is that we have to let the market dictates for everything. In the past, coins come and go because of the lack of support and use. Now, it is not up to us to decide which coin will die and which will prosper though we can all take a guess.

The whole market for cryptocurrency is global and it is easy for it to expand. A good altcoin can build its own followers and users...or community as they say. A community can make a coin grow and get into uncharted path so it will die and be cast away.

While Bitcoin is the King of the Cryptos...it is not actually killing other coins rather it is the market that can bestow a coin its place in the cryptocurrency universe.

Not only will they coexist, but there will be new competitors. We've already seen some eth competitors and eventually one will have the technology to be better than it.

The real question should be whether alt coins can survive and co exist with bitcoin. Bitcoin is a decentralised cryptocurrency, which means it isn't controlled by any bank or anything else. Etherum is a centralised currency which means it is controlled by the banks. We are talking about apples and oranges here, they are totally different things, but they are also fruits. Not only will they exist together, but new cryptocurrencies will be made and they will compete with bitcoin also. I don't think bitcoin will be affected that much by alt coins

Yes Bitcoin and Ethereum is completely different things and both have their own features so they can co-exist and can share total crypto marketcap with each other. However BTC may always dominate the crypto market because Bitcoin have strong community and it have zero inflation while ETH is still struggling to get mass adoption and have some inflation.

ETH price might grow in future when number of tokens built on ETH smart contract will increase.

Sure they can. Also with some cryptocurrencies. Why? Each cryptocurrencies has different use and plans on solving different problems. Just like with Bitcoin and Ethereum. Bitcoin is made as a global decentralized currency, and is now also being used as store value, whereas Ethereum is made for smart contracts and decentralized apps. Two very different things in terms of use cases.

Of course. Why not?

They have been coexisting for some time now. Although there are ETH haters around. They say the only real crypto is bitcoin. I think ETH is a real crypto. There are also some more others who are also legitimate in their own usage. Remember that tokens are coming in numbers but they have a unique purpose to fulfill.

Bitcoin and many Alts are already co-existing just fine. I don't know where people keep getting this "there can only be one" mentality from. If you look at the CoinMarketCap charts you can see that so called Alts, such as Ethereum have recently brought more money in to the entire ecosystem than Bitcoin did alone back in 2013.

It is no doubt Bitcoin is still the king though for now, but it will definitely need to defend its role more and more as time goes on and more competitors enter the ring to challenge its crown.

Yes, they already co-exist, no problem about it. But only one currency can be at the top and in my opinion Bitcoin will stay there for a long time yet and there isn't anything AltCoins can do about it, they are just a clone of Bitcoin.

We have already consolidated some AltCoins co-existing with Bitcoin like Litecoin, Ethereum, Dash... They will continue being AltCoins, but very important for some people who like to use it to trade, gamble, etc...

They have co-existed till now, and I don't see any problem with it. But this co-existence has not been very smooth. Ether is having a negative effect on the Bitcoin exchange rates, and at the same time it is very clear that ETH is not capable of existing independently without Bitcoin.

It is fair to consider the possibility that one will dominate the other to extinction at some point in time. However take note that even right now ETH and ETC are still coexisting in spite of being pretty much identical in features and functionality. BTC and ETH are different enough that they have good reasons for coexisting while serving non-overlapping purposes.

This is true because Ethereum is changing dramatically this year as prices have risen sharply in the last three months. I think in the future Ethereum will have a higher price than Bitcoin and Ethereum will be the top 1 in the cryptocurrency market.

Currently btc judgment has not come to an end. There are still too many things to calculate. Investors are now safeguarding their money. When there is no specific or clear information about the upcoming btc process, eth ltc dash or some new altcoin will place the option to avoid storms. I think eth will be better. Its community and roadmap seem more potential

Yes they, and they now Co-existing.
Bitcoin is the first coin that ever created but now we have other coins created we call altcoin and one of it is ETH, there is a possibilty ETH will surpass BTC but its just a possibility :)

Alts will keep on existing, while bitcoin is great we cannot expect that every single characteristic to be added to bitcoin, there are some good projects that deserve to exists, Monero is one of them it adds better anonymity than anything bitcoin has at the moment, some assets distributed by decentralized exchanges are good too, Litecoin is a spare in the case bitcoin died, even if Ethereum is criticized in the forum the idea behind it is good.

Different coins can be utilized for different tasks some are more focused towards one type of objective over another, the market can absorb more than one crypto without any issues so I see no problem with it.

Well aren't they existing already? And they will keep doing so for quite a long time I think. Ethererum is one of the top alts, and I feel there will definitely be room for 10-20 crypto currencies that have the best features to co-exist, so unless its a shit coin and has no reason to exist, any altcoin can co-exist with bitcoin.

Bitcoin will retain its leading position in technology blockchain, ETH technology leader in smart contract. Most of the development projects based on smart contract of ETH and both will have steps to separate, this shows the both can coexist and thrive.

it has been 8+ years and there have been hundreds of altcoins fighting pretending to be able to compete with the first spot. in the future this will only change if NEW altcoins are created with some utility and usefulness as a currency in mind not with "how to pump and dump more" in mind and as their main goal.

so far ethereum has been the pump and dump to make more money. and it is not a currency. it is a platform for smart contracts which in reality is used to create ICO scams! so it is more like a double fail for it.

besides if you want to compare you should compare things in their own category. bitcoin is a currency. ethereum is a platform for smart contracts with token called ether which is not even supposed to be used as a currency. if you want to compare then do it with other smart contract platforms. there are a lot of them and many do it so much better and easier than ether.

ithink ethercoin will also rise up

well i have seen due to bitcoin once r=ehtereum rised and it had seemed that it can rise up more in the market,

There is no rivals for bitcoin it will not in future all other crypto currencies traded mostly using bitcoin even ethereum . Bitcoin will be always the ruler in crypto world . Other coins can buy from low and sell it on high to get profit .

why do not it can be just bitcoin, ??

yes i agree with you

You're right, bitcoin probably will always be the biggest crypto coin, but ethereum has different goals and goals. They can coexist but there is a good faction among communities

The bigger question is, Can Ethereum survive long enough to be able to be in the same class as Bitcoin. A lot of people have their doubts that a

coin that are built on pre-mine/pre-sale tokens and no supply cap, can be anything other than a ScamCoin. Some people also think it is a security

fraud waiting to happen. Time will tell, if they were wrong.  ;)

i dont think Ethereum will survive, bitcoin is more popular then any coin

it's hard to even say ETH is "competing" with bitcoin on equal footing, it would be the same as saying USA and a developing country are in the same conditions and economical condition, which is false.
ETH is growing, I can't deny that, but I don't think it's even close to even over-taking bitcoin, it's still impacted like this with bitcoin SegWit, I think this shows how much it is just an off-shoot of bitcoin, and still completely dependent on bitcoin price.

Of course, they can completely coexist, so many people are confused, bitcoin and ethereum are not opposites, they are created with different missions, in part, they support each other, because So, they may exist.

They pretty much co-existing right now. Bitcoin's goal and Ethereum's goal also differ so I can see that none if them will be eliminated. One thing for sure is that they will still be fighting over which of them will be on the top for the succeeding years that will come.

And what you mean when you say co-exist? Both are cryptocurrencies mostly have different visions and utility. Ethereum is currently more famous as token issuing currency while Bitcoin is more famous as real utility currency. Thus both are famous as they catering the needs of users atm but whenever anyone of them seems barren, other one will surely take over completely, till then keep investing and hodling both  :D

I think Bitcoin has a bright and promising future and can be the digital coin of choice adopted everywhere, especially because it was the first and it is very solid.

But I am more of an Ethereum person. I think both will coexist because Ethereum is not a digital coin, is a platform that introduced smart contracts to the Blockchain. There is no actually competition, and some of other alt coins (especially ERC20 tokens built on Ethereum) are more like companies stocks than coins. When Ethereum solves scalability and other current issues and when actual applications (such as Golem's supercomputer or BAT's advertisement platform) see the light of day, we will see the Ethereum network being used everywhere, descentralizing essentially everything.

Is there any plan/intention of Bitcoin ever supporting smart contracts?

Ethereum is a promising coin, but I still would see bitcoin staying at the top currently, however everyone will co-exist regardless of the top coin or not, altcoins existed for years now from Litecoins, And that didn't mean bitcoin wouldn't exist in the same time.

Of course they are already coexisting and will continue.

What is this "one coin to rule them all" mentality. This is not Game of Thrones.

They have very different different purpose. ETH and its smart contracts is only going to grow in popularity, recent price drop is very normal if you have witnessed BTC from the beginning. If you treat ETH as a currency, you are making a big mistake. It's value is in creating platforms that can decentralize markets where monopolies rule. Actually I believe they compliment each other pretty well.

And ETH doesn't not view and has never viewed itself as a competitor to bitcoin.

Here's a small part from the Ethereum official page. Its sums it up pretty well.

"Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else."


Peace ;)

Do we have to raise this as an issue when they are, in fact, already co-existing? Does Bitcoin exists? Yes. Does Ethereum exists? Yes. Does other cryptocurrencies exist? Yes. So they are all co-existing regardless of what are their purposes. Yes, the market is huge and still growing. Co-existing with each other doesn't have to have one another. The only thing they need to do is to coexist harmoniously.

i think the most efficient purpose of each coin will become evident; to me that is ETH being more transactional with bitcoin being a longer term, stable store of value. once we get more mature investors in the space, the price wont be quite so volatile. perhaps bitcoin will truly mature into a digital gold, the volatility now of all alts makes it anything but. unless you brought in so early on a coin that you will be in profit no matter what, you cant plan long terms savings goals with bitcoin; too easy to underestimate because of a price retraction, or waste time and overestimate because the price surged.

As you said. There is any co-exist between both I would prefer a good reply to your statement. Yup both are growing well. But if you notice that bitcoin is the father of all crpyto currencies where Ethereum is the new one.  There is only one thing common in both. Both are having large number of investor. But bitcoin is far different then ETH.

Ethereum will never be in the same class of bitcoin, in fact bitcoin does not have a serious competitor yet, while some point out to the fact that bitcoin has been losing market dominance over time, especially in the last year, I think we are about to see a reversal, a lot of money that is currently riding in altcoins is going to go once again to bitcoin after bitcoin gets segwit activated, I do not think we are going to see bitcoin dominance of 90% like in the past but I think we could reach up to 75%.

But Bitcoin remains in the higher spot. They are trying to beat the Bitcoin in so many ways but they didn't because Bitcoin is well known by over the countries. They are seeking for the good crypto coins to defeat on the higher ranks. Many cryptocurrencies will come out all over the years and they will use this it as their money transaction.