What if Ethereum replaces Bitcoin someday?

[BlackFor3st]

We cannot predict the future but in what is happening right now, there is a very little chance that it will happen in the next 5-10 years.

But we cannot close also the possibility as Ethereum has the advantages compare to bitcoin also so let's just see what will happen in the future. What ever happens, it will surely benefit all the crypto users especially if the crypto currencies will continue to advance.

[Dilladupak]

although ethereum is also the biggest coin and also coin number two, if I think ethereum is also not possible to replace the existence of bitcoin at this time, because bitcoin is also the top coin and also the highest value

[Flor1982]

It is true that Ethereum platform have many concepts and uses but Bitcoin already build a deep relationship with most of the crypto users as the most trusted crypto in the market. If ever Ethereum will be able to supersede Bitcoin as the number 1 crypto then there is nothing unusual as we are just changing the Currency name.

[akungagal]

although ethereum is also the biggest coin and also coin number two, if I think ethereum is also not possible to replace the existence of bitcoin at this time, because bitcoin is also the top coin and also the highest value

i agree with you.
i think, there will be no other coins including ethereum that can shift the seat of bitcoin, so far investors still believe fully in bitcoin.

indeed ethereum is a good altcoin and investors also strongly believe in ethereum but ethereum is still unable to surpass the power of bitcoin.

[jackblacksparrow]

although ethereum is also the biggest coin and also coin number two, if I think ethereum is also not possible to replace the existence of bitcoin at this time, because bitcoin is also the top coin and also the highest value

For ETH to be able to replace Bitcoin, Bitcoin needs to fall very badly, and ETH on the contrary has been doing very good and growing in value, but this is unlikely to happen

[FlamingFingers]

I don't see ethereum replacing bitcoin any time soon,  talk about the point of acceptance of bitcoin as compared to ethereum,  look at the market cap of bitcoin,  with such a huge supply that ethereum have,  it cannot overthrow bitcoin,  for ethereum to have such huge market cap of $179b it's gonna take a whole lots of years and I'm sure bitcoin market cap will also increase, ethereum cannot replace bitcoin,  bitcoin will still be number 1 in my opinion

[htsy585]

although ethereum is also the biggest coin and also coin number two, if I think ethereum is also not possible to replace the existence of bitcoin at this time, because bitcoin is also the top coin and also the highest value

For ETH to be able to replace Bitcoin, Bitcoin needs to fall very badly, and ETH on the contrary has been doing very good and growing in value, but this is unlikely to happen

Or let's say bitcoin price doesn't fall and maintains its $10000 mark and Ethereum price grew 1000 percent above its current rate at $215, then we will be looking at a general marketcap almost doubling or tripling. I don't see the likelyhood of this scenerio playing out but then we can keep an open mind and have fun

[pooh95]

It is difficult to imagine a situation where Ethereum will become the number 1 coin, if you look at the number of coins issued, the market will have to grow tens or maybe hundreds of times

[Abiky]

It is difficult to imagine a situation where Ethereum will become the number 1 coin, if you look at the number of coins issued, the market will have to grow tens or maybe hundreds of times

That's certainly true, mate. Ethereum's supply is at an ever-growing rate. With an inflationary design, it looks highly unlikely that it'll become a valuable cryptocurrency in the future. This is where Bitcoin takes the lead, as it gains a higher level of demand than ETH over time. However, we all know that crypto behaves wildly sometimes. Ethereum could very well gain a massive boost in price that will allow it to overcome or become close to Bitcoin's market cap in the future. This trigger in price could be largely attributed towards "FOMO" as people become excited with ETH's recent developments (such as PoS and Sharding).

Still though, everything points to Bitcoin being the #1 cryptocurrency for the foreseeable future. Ethereum could complement Bitcoin in many ways, if it never manages to replace it. As of now, both cryptocurrencies have been doing fine delivering breakthrough innovations within the Blockchain space. It's only a matter of time before they experience massive adoption from people worldwide. What matters is usability on top of pricing. If Ethereum could become an extremely useful cryptocurrency, then it'll be here to stay for a long time. And that's ten times better, than reaching astronomical levels in price just to become the world's largest cryptocurrency by market cap. Just my opinion

[Jorge158]

Bitcoin has dominated the market to about 70% and has gained the trust of the people more than Ethereum has done. Now, Bitcoin has turn out to become a standard of measure for most of the coins on the market and it is what the world is looking up to when it comes to cryptocurrencies. For Ethereum to displace Bitcoin, then it has to really restructure its services because Ethereum has already gained numerous competitors on the market especially a coin like Mixin (XIN).

[asradoni]

It will be difficult to move the first cryptocurrency in the World! Investors are more interested in Bitcoin as the accumulation and storage of $, and Ethereum is more attractive in terms of regular transactions due to small fees and decentralized applications for developers based on the Ethereum system. Therefore, I believe that Bitcoin will be No. 1.

[akirasendo17]

In everyones mind bitcoin and ethereum is the same , and we wish that bitcoin will be replace by ethereum
the answer is No why?
the reality is that bitcoin will be never be replace by ethereum simply because they are not the same
and there usage is much different as we know
bitcoin is made for the reason as an alternative for our money, while ethereum in the other hand to make it simple for everyone to understand
is made to have transaction, directly with other person there is no need to have like a middleman, is the example
you can buy an item the pay it directly to the owner no need to like your gonna go to the bank then pay,
you can send money directly to the seller, thats what ethereum's function

[mamesso]

Ethereum and bitcoin are still in high popularity, if we look at the price, Ethereum still lags far behind bitcoin. Ethereum is still trying to get back up after having a hard time, At present, it is very unlikely that Ethereum can replace bitcoin. But if to compete or approaching it can still happen.

[seanskie18]

It's hard to predict because prediction is like an expectation and I don't think that someday Ethereum will replace Bitcoin. We knows that Bitcoin is always on highest and yes Ethereum also on top of the market due to their popularity but Bitcoin will remain forever on top because it's unstoppable.

[Matuca]

And why not EOS?

[ven7net]

Of course, Ethereum is an excellent platform and cryptocurrency, and could very well become the first on the market. But Ethereum most likely has other tasks, and the creators have plans for this cryptocurrency. Still, I am inclined to believe that Ethereum was not something that could not be the first, but most likely it does not need it and it does not resemble the role of the first cryptocurrency due to the tasks that it needs to perform. Bitcoin was the first and most likely its task and to remain the first further.

[dkbit98]

And why not EOS?

Because EOS is a failed centralized project with no adoption and just few running nodes.
Just one more of Dan Larimer failed projects.

Can't be compared to Ethereum ever.

[Abiky]

It will be difficult to move the first cryptocurrency in the World! Investors are more interested in Bitcoin as the accumulation and storage of $, and Ethereum is more attractive in terms of regular transactions due to small fees and decentralized applications for developers based on the Ethereum system. Therefore, I believe that Bitcoin will be No. 1.

Good point. Bitcoin's store of value properties will surely catch the eye of many investors over time. Unlike Ethereum, Bitcoin has a limited supply with a constantly decreased block reward. In no way, could Ethereum replace Bitcoin as it's meant to be used as "fuel" for the world's decentralized applications. With an unspecified max supply, Ethereum could experience a drastic inflationary rate over time. We all know that Ethereum serves well its purpose as "digital cash" than anything else. While ETH might not be able to replace Bitcoin after all, it could very well complement it in the future. It's no secret that Bitcoin is only useful for finance while Ethereum is an indispensable tool for the launch or creation of censorship-resistant dApps. Where Bitcoin cannot fulfill certain tasks, Ethereum will fill the gaps. The advanced features of ETH greatly expands Blockchain's capabilities like never before. However, it's that complexity which makes Ethereum somewhat unreliable (unlike Bitcoin).

In the end, it's believed that Bitcoin will remain in its rightful place on the market (as the #1 cryptocurrency of the world), while Ethereum maintains its second place in market dominance. With the ever-increasing development and innovation from both sides (ETH and BTC), you could expect the Blockchain industry to improve like never before. After all, Ethereum's ambitions is to become the "world computer" instead of the dominant cryptocurrency of the market. We'll just have to wait and see what happens within the crypto space over the long term, in order to determine ETH's true place within the mainstream world. But so far, it's been doing good retaining its rightful place on the market as the second largest cryptocurrency by market cap. Hence, both BTC and ETH will grow alongside each other for many generations. Just my opinion

[mmo4me.2016]

This is very unlikely at this time, as Bitcoin is still the major trading pair, ETH is showing signs of slowing down! The future is still ahead, things can still change! But I always believe BTC more than ETH

[indika]

Ethereum, being the world's second largest cryptocurrency by market cap, has all the potential of replacing Bitcoin in the future. It's more than just a cryptocurrency, being a platform for the development and execution of smart contracts (aka dApps). With ETH, it's possible to launch alternative cryptocurrencies without the need to start a Blockchain from scratch. It's also possible to use the ETH blockchain for other purposes such as voting, proof of identity, verification of documents, and more. In contrast, Bitcoin's only use is for finance where it cannot be implemented in other areas by its own.

Given all of the benefits Ethereum provides on top of Bitcoin, it makes me wonder whenever it'll be able to replace the pioneer cryptocurrency within the future? As long as, Ethereum keeps progressing in development and mainstream acceptance, it'll be much closer to Bitcoin every step of the way. What are your thoughts?

only negative thing about a etherium is unlimited supply when ether enter to pos stage that can be a huge opportunity for project and investors.