Bitcoin Forum

China's Ministry of Industry and Information Technology released on it's public blockchain rating on global cryptocurrency base on 3 criteria's technology,application, and innovation. And ethereum is in the first spot 13 altcoins ahead of bitcoin.

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Is bitcoin lose it's reign on ethereum?

what do you think of this?

Anything can happen in the world of crypto, etherium may exceed the bitcoin price, but I think it is impossible for the next 5 years, btc remains above etherium because investors and enthusiasts crypto berkiblat on bitcoin prices rather than etherium prices.

ETH being better than BTC overall is definitely debatable. Although, disregard that rating in the first place. Verge and Bitcoin having the same score? Get outta here. Verge doesn't even deserve to be in any list besides the top shitcoins list. Also, I think streem is somewhat "innovative", but I don't think it deserves that 2nd spot to be honest.

I think Ethereum will not be able to rise to the first position, because I see the task of Ethereum is to always keep the position of Bitcoin in the first rank.
Ethereum is the representative who must keep Bitcoin in the first rank in the digital currency, from all its competitors who will try to lower Bitcoin's position.

For one thing, bitcoin is the leader of the cryptocurrency market, and that is indisputable.
But at the moment bitcoin does not have the better than ETH, but that does not mean that ETH has surpassed BTC.

Bitcoin coming up with Segregated Witness and Verge having an overhyped but basic Tor integration a.k.a. "wraith protocol". It's mind boggling how they have the same score. Just shows how China MIT's evaluation is heavily heavily flawed.

BTC vs. ETH? We can actually make a debate about this, it us debatable and I think ethereum can possibly surpass bitcoin as ETH is performing well, while BTC may be the lwader I can actually see that ETH is taking it to thw next level and I think may have the ability to surpass BTC some day, it's just my wild theory but I think is possible.

No. Stop dreaming. This report is really laughable, placing Bitcoin at number 13.
The talk about flippening gets raised once in a while. But what people should remember is that the market capitalisation of Bitcoin is twice that of Ethereum, its nearest competitor.

It is known that bitcoin is not the number one crypto currency among the Chinese. They are more fond on ethereum, litecoin, neo and maybe even doge. :D

In the digital crypto currency market everything can possible, but as we know bitcoin is the king of crypto currencies world so im not looking bitcoin at no 13.
Ethereum is also a major coin on crypto world but it can’t replace bitcoin at the moment, ethereum has to do a great job to get this position.

from the application side, I see that bitcoin apps are a source of negative values, which can make people uninterested. and this is a weakness of bitcoin.

expensive transaction fees, and long transaction time, making all bitcoin users bored with rigid bitcoin applications.

the main factor that makes bitcoin still survive until today is big investor, ETH will surpass bitcoin after supply of bitcoin runs out.

We can't really deny the fact that ETH is far ahead of bitcoin in terms of applicability. That is the reason why almost 90% of the ICOs are using ETH to release their smart contracts and to raise funds for their business. We have other coins as well with the similar capability but ETH took the first spot in that. However, according to the market cap, bitcoin holds the first spot since inception. So it is hard say anything at this point. Bitcoin is not going down anytime soon, so an wise investor will hold both of these coins to get the benefits.

But Chinese government is not at all friendly to the crypto currency. So the ranking released by them may have some impact within the local market, but not internationally. Bitcoin continues to rule!

I think this can not happen. bitcoin will not lose it's # 1 position. Bitcoin appeared earliest in the digital money industry. Many people know and use bitcoin. The technology of bitcoin is modern. The value of bitcoin is much larger than ETH.

This China's rating based on their own blockchain characteristics. Bitcoin is still the leader coin and all other altcoin are running after bitcoin. For now this is just how it is but anything can happen in future.

I can't say that eth can surpass Btc because eth prices is still dependent on how btc is doing in the Cryptocurrency.

that ranking system is making a mockery of the whole cryptocurrency world. it is neither based on technology nor innovation nor application! ethereum doesn't have anything over bitcoin or over the other coins that are under it for that matter.
they have listed the most centralized coins and ethereum is on top of that list.

They compared according to the technology that's why Ethereum is on top. Do not forget that Bitcoin was created in 2008 and Ethereum in 2015. It's a big time difference and enough for other projects to improve blockchain. Right now there are better smart contract projects but we can't say they surpassed Ethereum at the moment.

I think that ethereum does`t suppress bitcoin. Ethereum and bitcoin have different spheres of influence and different target audience. Their goals don`t overlap. They are different and therefore they can not be compared at all, it isn`t possible to confirm which one is better or worse. Bitcoin emphasizes the anonymity and speed of transactions, while ethereum tries to match the maximum number of user requests.

Ethereum will always be a secondary of bitcoin,but it will never replace bitcoin. Maybe the ethereum will replace by the other coins from number two will down on lower rank  in the future generation,but bitcoin will be the one king of the crypto world.

Well, this is normal)) China is a country of high technology and it is a sin for them to abandon such a novelty of the world! It's like a step back!

IMO until mass adoption, Bitcoin remains king. Then the newer tech takes over, Eth for smart contracts and something like Nano for fast payments.

probably because Chinese people like ethereum, lite and neo so they put bitcoin at position 13. very funny  :D :D

Yes, I think the future with ETH is unpredictable, but now the ETH value compared to the bitcoin price is very low and bitcoin has a strong user base, albeit with blockchain technology and contractual throughput. ETH's superior strengths outweigh the BTC but can not outperform the hitcoin.

Stop hyping Ethereum, this is too much.
It's China that's like Ethereum and making that chart makes no sense. This is how you pump a coin by making a debatable topic on which is better and by giving rankings. Putting bitcoin on top 13? That's bias, they don't even consider on who did started it all?

I am really amazed with this as I feel China is the biggest supporter of Neo and I thought it will try to be positive towards it. I dont think these small things will make Ethereum go boom as the tokens on ETH platform needs to get stronger.

this list is a total joke coming from Chinese and probably it is because they wanted to pump it and because they had a hand in the centralization of ethereum. not to mention the fact that they have random altcoins in that list that shouldn't even be there in first place.

the most interesting thing that came out of this is the fact that ETH started getting  dumped hard as soon as this ranking came out :D

Anything may happen in this crypto world but for me for the value, bitcoin is the number and has a bigger value compare to any coins right now . Both ethereum and Bitcoin has their own characteristics . I like this two coins but I think for me, It takes a lot of time for ethereum to surpass the bitcoin. Maybe in the future but for today , I am not convinced it will surpass bitcoin.

It has never been a competition between Bitcoin and Ethereum. Bitcoin has set the pace and it's normal for altcoins to excel as well. To me, it's not about which comes first but it's all about how I grow my assets

I quite agree with the positions of the coins listed in the table with respect to technology, application and innovation. I have longed still questioned why ethereum isnt anywhere close to Tue bitcoin yet; not because I am a hodler but majorly because of its high relevance and usage functions! Well, most probably the Bitcoin is still up there because it came in as the first Cryptocurrency and owing to the limited supply and demand levels. Well, the race to the top for ethereum is still very possible as time goes on.

it doesn't matter how many times this question is being asked here by people with big wishes of getting rich by bag holding ethereum, in the end ethereum is still the same useless token with a lot of bugs and a huge supply which doesn't even have a cap for it! in other words an inflationary token with zero usage. this can never even come close to bitcoin no matter how tight you hold your bags or how many government ranking systems call it "number 1". it still is centralized.

Thasts right can not surpass ethereum the bitcoin because the bitcoin is the bigger because the bitcoin is the king of all crypto currencies far exceeds the bitcoin.

There are sayings that say Nothing last forever in this world, meanwhile it's only on china on the other country bitcoin is still popular you can't really tell by just reading 1 article. for now Bitcoin will continue to reign.

I very concur with the places of the coins recorded in the table as for innovation, application and advancement. I have yearned still addressed why ethereum isnt anyplace near Tue bitcoin yet; not on the grounds that I am a hodler but rather significantly on account of its high importance and utilization capacities! All things considered, most likely the Bitcoin is still up there in light of the fact that it came in as the principal Cryptocurrency and infer-able from the constrained free market activity levels. All things considered, the race to the best for ethereum is still exceptionally conceivable over the long haul.

Those who fight for BTC here, come with NO arguments at all. They just believe.. I'm sure that there will be a day quite soon, when rates of alts are not goimg to be correlated with BTC price. and ETH will be the very first in line. That Chinese reports is sayin' facts, ehat you can argue with??

This is debatable, that ratings is mad. Verge and bitcoin rank is the same? verge is not even a good coin. verge doesn't deserve to be in that list. No one can outrank bitcoin without bitcoin no other technology like bitcoin will be made.

I think, anything can happen. But, In my opinion Ethereum will not be able to rise to the first position, because I see the task of Ethereum is to always keep the position of Bitcoin in the first rank. The bitcoin is more valuable. It is my opinion.

No i don't think Etherum will have a chance to do that thing because Bitcoin is the way too much expensive.

In this world we are, there is nothing impossible ethereum might surpass bitcoin in the future, but I don't see it beating bitcoin soon.

It is true that Ethereum could rival bitcoin in the future since anything can happen in the cryptocurrency market. But before that will happen it will take decades before Ethereum can replace bitcoin or any other coin in the market. Also there is also a tendency that bitcoin will be staying at the top for how many decades and no coin will replace it.

Think of China as not a country but as One Man. A single guy with the ability to take decisions that are most beneficial for itself in the long run. The communist form of government makes it possible for them to say and do things that would otherwise be hotly debated in a democratic country and can lead to other parties taking the benefit.

That is why they can get away with assigning second rank to STEEM and have VERGE on that list. People who are going to get influenced by this will do the things that most newbies do. Buy the shitcoins that the chinese man wants to pump and sell their BTC that the chinese man wants to buy. The Chinese have been doing this like clockwork for a pretty long time now.

Those who fall for this will see the prices rise on this news and then the inevitable dump will come from the Chinese man as he buys into more BTC. If this is going to have any short term effect, that'll be pumping up these other alts and drop in BTC. The idiots will FOMO and buy Alts while Hodlers will buy the minor BTC dip.

If you think that the Chinese are going to not try and have a majority hold on BTC, a cryptocurrency that has potential to challenge the USD and that is supporting a hardware manufacturing industry, well then, you don't understand the Chinese man very well.

You don't have to make it complicated with charts like that because there are several charts that would show yoh different results. The ranking is speculative in itself. I'm not into eth as much as bitcoin, but i'm not removing the possibility that eth can do that in time. Eth has a very good future and if any alt can surpass btc, it's first on the line

Probably, where can we see etherum continuing up at the end of the year etherum will exceed the bitcoin price so be sure to invest with ether Long-term investments with etherum will be very profitable

(1)higher token value? Would mean that 1 ETH worth more than 1 BTC. As of today we’re quite far from it is ETH ~$230 and BTC ~$2400 (>x10)
(2)higher market cap? We’re half the way! That’s, to my mind, what I would call surpass. I guess it will.
(3)higher volume? Interesting metric as well. It could show how much a token is actually used (exchanged). These day ETH is really close to BTC.

Ethereum will not surpass bitcoins because ethcoins are tethere to bitcoins and that is the reason why altcoins price is decreasing when bitcoin price is dumping in the market so we can expect for the price of bitcoins to increase even more but altcoins might go dump.

We will see the real battle between ethereum and bitcoin when ethereum will have completed its new scalability solution and POS migration. I thought the passive income from ethereum network will be attracting so many people to join in the ethereum at the same time bitcoin offers best store of value.

I think it's possible but not likely in my opinion.

I think this list gives an idea for the future. Bitcoin can't the leader always. Ethereum or another coin will pass Bitcoin one day.

It sounds like you are looking for someone to give you a hard and fast answer. You’re searching for that one definitive voice to say YES or NO … because right now there are a tremendous number of opinions out there. Conflicting opinions. Confusing opinions. Incredibly intelligent investors are shouting: “Ethereum is the way of the future! It will revolutionize finance!” Other investors, just as incredibly intelligent, are shouting: “Ethereum is in a bubble! It’s a fad that will crash!

Although people say anything can happen in the world of crypto but I still don't think Ethereum can surpass Bitcoin. It still has a long way to go if ever it is trying to surpass Bitcoin. But it also could happen with the right kind of strategy and for people to believe ethereum will be worth something in the future, more than bitcoin itself.

It's very likely and I think it's only a matter of time. Now you should focus on the Ethereum and Cardano. This is still the best coins on the market.

bitcoin is the leader of all coins in the world of cryptocurrency, although the price of etherium is currently ranked at the top I think it is because of the stability of the etherium price at the moment, the price of etherium is ranked first, and it does not mean that etherium can go beyond bitcoin.
 until when bitcoin is a leader and no one can deny it.

No way ! Bitcoin is the number one as it seems for next 4-5 years. Bitcoin will be ahead of everyone as it has gain trust and popularity among its investors and traders.

It's maybe their only propaganda to make bitcoin price go down and buy in them in a lower price, but sadly they can't manipulate bitcoin rather than ethereum that's why they hated it.

I think this is a very simplified table. The conclusion from these values is not objective.
If you look on the Internet, you can find a bunch of such ratings, where in the first place bitcoin or even neo.
For an objective conclusion, you need to make a table based on hundreds of values to get the truthful picture.

I think that is not true information. Really? bitcoin was beat by 13 altcoins. Bitcoin is so hard to beat, ethereum can't totally beat bitcoin how about that 13 altcoins? Seriously that is fake news. I trust bitcoin an i believed on it.

maybe the risks in bitcoin more ,, than that many chinese people who like coins other than bitcoin in terms of security or market demand..

I think Ethereum has always been better than BTC. And sooner or later it will take its place at the top of the market.  ???

I think ETH is stronger than BTC at this time, having a steady rise while bitcoin is very volatile.

With regard to a possible bullish scenario, the maximum at 1424 usd, tested at the beginning of January is only a short-term resistance and may, as soon as the market stabilizes, test a new maximum again, and go further than 2,000 usd.

ETH could become the most valuable cryptocurrency and overcome bitcoin and bitcoin cash just in 2-3 years.

At the moment, I think Bitcoin is better than ETH and has high rank than ETH on CMC just because of its high price and because it's the first cryptocurrency in this world. Very soon, I believe that ETH will take the 1st place of Bitcoin because right now, it's already better than BTC, fast transaction, low transaction fee, its blockchain is being used in developing ICO project.

Wew, NEO on 4th place. I personally do not see why anyone should regard this list as legitmate. They also probably listed steem in the second place because it is transparent. It goes wih their agenda. They can monitor everything in it. The list is a agenda driven bullshit.

Governments dont determine success, they tax it.   Its possible a government may try and encourage or allow for successful business in some areas or oppose it but I dont see China as determining if ETH or BTC is the best direction.
If Chinese government is clever it will guess or judge correctly where investment could be best placed, they are not deciders of the fate of any standard.  That would be copying the thinking of a centralised government when crypto thrives on decentralisation

For the nearest 3 years at least, I think, the situation will remain the same: bitcoin will be the leader. Then the other times will come, and some other cryptocurrency (maybe, Ethereum), will be the leader.

Bitcoin now faces many difficulties, some negative news pressure! Some new cryptocurrency competition! I think it is likely to be replaced by some sort of high-tech cryptocurrency in the future!

We cannot remove the fact that this thing can happen, but should we be afraid? If ethereum overtakes bitcoin, then we would just simply switch from using eth rather than btc. And we must admit, most bitcoin users that is active in crypto also have ethereum in their purse. Competition is good, and we as users will benefit more if there are tight competition on the top rather than just one coin that reigns them all.

I really do not think that's possible. Bitcoin still remains the king of all other coins, but I don't believe Ethereum can surpass bitcoin. It's practically impossible, at least, for now, as far as I'm concerned.

In my opinion, ethereum will not get past the bitcoin in a fast time. Ethereum takes a long time to get close to or through bitcoin, although we know that ethereum has the potential to grow and pass through bitcoin. However, in crypto everything becomes possible.

Although ethereum has a better ranking of bitcoin in terms of exchange and has good potential, but to get past the bitcoin price and get a position one seems hard to get ethereum. Not impossible can be obtained by ethereum, but it seems still too fast for ethereum. But I believe ethereum can reach higher prices every year, because ethereum is one of the strong coins of interest and price. But my prediction, if ethereum can still be consistent in price increases and enthusiasts then ethereum can reach half the current price of ethereum within 4 years.

It is very hard for eth to surpass btc especially when it comes to its value, but let us not close the opportunity for eth to do it so... maybe in the next few years eth will start to boom and its price will surpass btc's. But for now, it is very hard for eth to reach btc because btc has many investors and many people who are using it, eth will need to do a lot of work.

It is not fair rating. Verge for example has very big problems with security and it can't be in first 20. Of course we should understand that Bitcoin is the most decentralized and the most safety cryptocurrency but that rating does not take it into account.

A good rating, I'm a fan of ETH and I like everything here. I think that in a few years ETH will be more expensive than bitcoin. But I do not understand why bitcoin is so far in the ranking?

I think ethereum will remain below Bitcoin, ethereum will follow Bitcoin price movement
If Bitcoin reaches the peak then ethereum will also follow Bitcoin but remain below Bitcoin.

I think the price of ethereum will never exceed the bitcoin price, we see now the difference in price is much. While ethereum alone never surpasses BCH, what's more bitcoin. It is impossible.

Yes it is still undoubtedly that ethereum is currently rank as the dominant coin in the crypto world. Bitcoin is still the profitable one but in the past few months of this uear it is amazingly watching ethereum was been able to make itself growing even in the downfall times of cryptocurrencies. Though it seems that ethereum is yoo far from bitcoin's current rank well let's just positive for ethereum to be in a good standing in the market.

Indeed I think the future with ETH is unpredictable, but now the value of ETH compared to bitcoin prices is very low and bitcoin has a strong user base, albeit with blockchain technology and contractual throughput. The superior strength of ETH is greater than BTC but can not outperform hitcoin.

That analyzation based on the technical valuation from every project. Remember bitcoin is a bit different because it was built to be the payment protocol system and it has not supported any technology just like smartcontract which help you to create the dapps in the platform. This is why bitcoin gets a lower rating in the chart.

These are very speculative questions. It is impossible to say for sure what will happen. It is possible only to guess. Especially that the current crypto currency market is in a growing bubble.

I wonder why ethereum can top the list when it's been so long that bitcoin always occupies the sequence and at this moment both have decreased so ethereum should not be able to surpass bitcoin unless bitcoin decreases and ethereum keeps rising
I know this is not about the price but the price chart needs to be taken into account

ethereum supply is x5 more than bitcoin supply , so surpassing btc even in current scenario will make ethereum market cap around 700b USD which is much more than current marketcap .
so at least for coming 3-4 years I don't think ether value will be close to even 25% of btc price . even in that case it will 1st rank coin . it can happen only in scenario like any country announce ether as its official currency . it is just example .

The strongest competitor of bitcoin at the moment is indeed my ethereum sense. Maybe sometime in the future ethereum can beat bitcoin if ethereum continue to get support from investors and enthusiasts.

The price of ETH is low, probably because the supply is so large and the ratio is also far from bitcoin. Although coinmarketcap ethereum is in second position, it can not raise the price of ethereum.

Yes, you are right guy. Never do  I think that Chinese government support cyptocurrency and I think that everyone knows it. Although, as things stands, bitcoin maybe rank below ethereum, but it’s just temporary and do you think that it’s too early to conclude this. We all know that crypto market brings a big volatile, everything will change fast and currently. I believe in bitcoin that it’s the best ever. As a rule, bitcoin wil have a rise on it rank again.

If we based in today's situation, there are lack of chances that ethereum will surpass bitcoin but we can't predict it to the future.

I think the price of the bitcoin will be getting higher and higher in the future, but the market value of etherium may go beyond the bitcoin, because the total amount of etherium is not limited now.

I think Ethereum will not be able to rise to the first position, because I see the task of Ethereum is to always keep the position of Bitcoin in the first rank.
Ethereum is the representative who must keep Bitcoin in the first rank in the digital currency, from all its competitors who will try to lower Bitcoin's position.

Etherum supply is unlimited so price is not stable it varies every time