Bitcoin may not be number one for long

[kafiddrhman]

You can rationalize all you want, but when Ethereum passes Bitcoin it will be the number one currency. Market cap is the true measure of value.

The possibility of ether being the number one currency does exist, but I do not have any confidence it will happen. I think in the next 5 years bitcoin will remain number one crypto currency and has highest value when compared with other crypto coins

[CoinFoxs]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

I Don't think so ethereum will pass bitcoin this summers, there is a huge difference between bitcoin and ethereum's price so ethereum take some more time to compete with bitcoin.

[HongKong]

I was not expecting that because when days, months or years passed I think no. 1 spot is not only for bitcoin. Also, there's a lot of coins should be develop and I think one of this coins breaks title given to bitcoin.

I am not worried about Bitcoin having the option to drop down to the number 2 spot on Coinmarketcap since Bitcoin was the coin that began the whole Alt coin thing anyhow. If Bitcoin goes down to the number 2 spot then the number 1 spot will have to get people to invest in Bitcoin because people that been around the Crypto scene know that there is a real purpose for Bitcoin.

[angaper]

But what would be the problem if ethereum pass bitcoin up at some point? These issues are merely symbolic, because despite the great dynamism that Eth has shown this year, bitcoin has not stopped growing and remains positioned as the most useful and popular crypto in the world, with great distance from all others.

And I like to cite the example of the dollar, which despite having displaced for a long time as the most valuable currency, and the United States having lost the economic hegemony of the world, the American dollar has never ceased to be the most used and popular currency in the world.

[Hutalar]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

I Don't think so ethereum will pass bitcoin this summers, there is a huge difference between bitcoin and ethereum's price so ethereum take some more time to compete with bitcoin.

I also do not agree that ethereum will surpass Bitcoin. It is right that nowadays the price of ethereum is increasing with a faster speed but it is only because the investors like to invest their money in it to get the profit in the future while bitcoin has a stronger base because of the widely used all over the world so a time will come when the investors of ethereum will send the ethereum to get the profit but bitcoin will continue in use because of the people businesses in it

[Mpamaegbu]

can you tell me what the problem with bitcoin is?

It can't scale, it's too slow to be a currency even when the blockchain isn't congested, too factional. Segwit isn't even a longterm solution and asic mining means centralization. Bitcoin doesn't do what it was intended to do after 9 years, imagine what problems there will be in 9 more? I'd like to see an asic proof coin become top.

And these problems with Bitcoin keep increasing with each passing day. I really don't know why it's so. It takes forever to get transactions through. Mine has been hanging and unconfirmed since June 12 for no just reason.

Let that time come now that Bitcoin would be thrashed on the floor by other coins. Let it be now!

[target]

If you look at how fast ETH have grown over just months, it would dominate the crypto in matter of time. The tokens in their network just made ETH really needed for gas which made it more valuable. And ETH has faster transaction than BTC. WAVES may also go for the 2nd.

[mostkey]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

I Don't think so ethereum will pass bitcoin this summers, there is a huge difference between bitcoin and ethereum's price so ethereum take some more time to compete with bitcoin.

I also do not agree that ethereum will surpass Bitcoin. It is right that nowadays the price of ethereum is increasing with a faster speed but it is only because the investors like to invest their money in it to get the profit in the future while bitcoin has a stronger base because of the widely used all over the world so a time will come when the investors of ethereum will send the ethereum to get the profit but bitcoin will continue in use because of the people businesses in it

Maybe just a madman who would think that ethereum would surpass the bitcoin price.
And this does not make sense, because only investors put a lot of stock in etherume and they foolishly think that etherume will exceed the bitcoin price.
We underline that the majority of people in the world transact using bitcoin and etherume, they only use etherum to invest (most people) With that color, the popularity of etherum may soon dim.

[bryant.coleman]

Everyone is waiting for the big moment when the market cap of Ethereum overtakes that of Bitcoin. But I suspect that it is never going to happen. The technology behind Ether is quite robust, and there is no doubt regarding that. But Ether has done nothing to be able to compete with BTC. It is just another altcoin, supported by the speculators.

[leyton11]

Everyone is waiting for the big moment when the market cap of Ethereum overtakes that of Bitcoin. But I suspect that it is never going to happen. The technology behind Ether is quite robust, and there is no doubt regarding that. But Ether has done nothing to be able to compete with BTC. It is just another altcoin, supported by the speculators.

Yes, I think that too, but looking back the 8 months ago, when the price ETH 6$. In that time, we can buy ~10 ETH just with 0.1 BTC - the price of BTC  is ~800$.
And look now, if I choose ETH and hold it, I will take profit ~3500% when exchange to USD, but if I choose BTC, I only can take profit ~300%, lower than ETH.
=> If we like a mid-term, I think we can choose an altcoin have good potential (maybe other altcoin not just ETH), but with Long-term I will only choose BTC because not any altcoin can replace the number one of cryptocurrencies

[gsrcrxsi]

Nothing seems a problem with bitcoin, right now ethereum has made a big growth. This makes people think that bitcoin might go down in value. But the reality is that more the growth experienced, more will be the competence and based on this always bitcoin stands first.

[coynedterm]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

I think you are not fully able to tell the problem and limits with the Bitcoin .
No doubt that Bitcoin has more fee for the transaction , and also mining of the Bitcoin is going down day to day daily , mine of one Bitcoin after mine of single Bitcoin is tough .
But still every people who enters in the cryptocurrency  are only for the value , trust and popularity of the Bitcoin . And also they don't want easily enter in the other altcoins like eth , dash , dgh , ripple , minero  etc because they have trust with Bitcoin and I also have only most of the trust with Bitcoin .
Here for me the eth is a altcoin which may be a good coin in the future to make trade but currently the Bitcoin is king and we can't do anything without Bitcoin , and in my opinion in next 10-20 years , Bitcoin will remain king .
If you are thinking about the limit of the numbers of the Bitcoin that 21M , then I will say that they will get spread in between the people in small small amount with big price value in the market  thats all .

[Russlenat]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

I think you are not fully able to tell the problem and limits with the Bitcoin .
No doubt that Bitcoin has more fee for the transaction , and also mining of the Bitcoin is going down day to day daily , mine of one Bitcoin after mine of single Bitcoin is tough .
But still every people who enters in the cryptocurrency  are only for the value , trust and popularity of the Bitcoin . And also they don't want easily enter in the other altcoins like eth , dash , dgh , ripple , minero  etc because they have trust with Bitcoin and I also have only most of the trust with Bitcoin .
Here for me the eth is a altcoin which may be a good coin in the future to make trade but currently the Bitcoin is king and we can't do anything without Bitcoin , and in my opinion in next 10-20 years , Bitcoin will remain king .
If you are thinking about the limit of the numbers of the Bitcoin that 21M , then I will say that they will get spread in between the people in small small amount with big price value in the market  thats all .

Yes true! bitcoin is the most trusted bitcoin in time and I think no other alt-coin can beat bitcoin.
The gap of other alt-coin is far from bitcoin even in 2018 for sure bitcoin is still the top.

[stevano]

Maybe it is for bitcoin but bitcoin will work for the first in a long time.

[cafucafucafu]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

The face of the whole crypto community is bitcoin. I think it's fair to say that Ethereum isn't even close in terms of adotpion and the number of people using it. I'd argue that Ethereum is probably more centralized in terms of people holding the coins that bitcoin.

Go to the etherum forum and see how many topics are posted there. There's only something like less than 10k compared to this forum. I know the forum is cluttered with spam etc. but i think it's justified to say that the community's wayyy larger.

Ripple came close and people said that ripple was going to be the new number one crypto. But was a bubble, obviously. I believe the same thing is going to happen with ethereum when an adjustment comes as well.

[deisik]

Everyone is waiting for the big moment when the market cap of Ethereum overtakes that of Bitcoin. But I suspect that it is never going to happen. The technology behind Ether is quite robust, and there is no doubt regarding that. But Ether has done nothing to be able to compete with BTC. It is just another altcoin, supported by the speculators

That may in fact happen

But would it mean anything at all? Market cap is a useless metric in and of itself as has been explained infinite number of times. People think that market cap somehow shows how much money (say, dollars) has been put into a certain coin (which is the real thing) but this is outragingly not so. The real market strength of a coin could be estimated by how much fiat it takes to move the price by, say, 1 dollar. So if it takes 1M dollars to move the Bitcoin price and only 1K dollars for Ethereum, the latter is nowhere being close to Bitcoin in terms of real market share

[niisarearning]

I dont agree because bitcoin is having its supply limit 21 million and and its open source and its doesn't own by anybody . Bitcoin will be number one because it will be like java and Ether is like .net . Java was open source and .Net was owned by microsoft both are good in its own way . Even sun certified developer is more valuable than Microsoft certified developer. Hope you understand what i meant to say .

[Pierre 2]

It may happen in near future but it will not last long.
Bitcoin is still safe haven and gold standard of cryptocoins.

[itsallpc]

I thought for sure it would take until the end of 2018 but it looks like this summer ethereum might pass it up. With the turmoil around BTC potential splitting, it might be very soon. IMO this is healthy, we will always value bitcoin for being the one that started it all, but it's time for a more dynamic and adaptable currency to take the lead.

We could not come to such conclusion on seeing the sudden price rise in ethereum.Its just being pumped and when its dumped soon,its price would fall down.But bitcoin is not manipulated and it exhibits its true value.Ethereum could not get trust what bitcoin has got all over the world.Bitcoin has already overcome many obstacles and this time too,it would successfully overcome.

[GXHPP]

I don't think so unless the issue about bitcoin block size escalates like the way it is going now, if the developers divide and we end up with bitcoin classic and new bitcoin then this might actually happen, and ETH exceed bitcoin, but in no other way do I see bitcoin replaced with any other coin.