What if Ethereum replaces Bitcoin someday?

[motun01]

Of all the other thousand cryptocurrencies out there i think ethereum is still the only one capable of replacing Bitcoin as the top cryptocurrency presently.

Eth is the second largest coin by market share and it is also tge major coin used to develop the largest percentage of smart contracts present in the cryptocurrency space.

So i think eth is capable but i dont believe that will happen anytime soon

[patz22]

I don't think so.

Disclaimer: ETH is my first love in crypto

I always support eth since I started doing crypto but I really dont think that it can replace BTC. This may sound so stereotype but btc is the first and original and no one can beat that. I would agree eth is improving and innovating every now and then but there are other crypro who's doing the same even faster than both btc abd in eth but where are they? That's the point that I have on this.

[cybernetik7]

Two are very irrelevant platforms. Bitcoin is a value unit. Ethereum is a platform. Have you ever seen oil worth more than gold? Ethereum will never be number one. Although bitcoin's technology becomes primitive.

[Neo.op]

Simply, it cannot. I do not give even little chance to that. Bitcoin is something different. Okay, it may not have the best technology, and ETH may be the base blockchain of %90 of alts, however if BTC falls that much we will see a decline of trust in cryptocurrencies. So I don't believe it would happen at all.

[aces777]

Well, I don't think it is an impossible event. While a lot of people would like to think that this is actually impossible and far from happening because ethereum is just merely an altcoin, I would like to think that the market is big enough for the coin to overthrow another, and be the ultimate coin the market, and I totally believe this in this case scenario.

[StephenJH]

Long story short: It is near to the impossible due to the apparent analysis. The wide use case of the Ethereum is the biggest advantage for the Ethereum but this alone is not possible for replacing the Bitcoin in my opinion. For replacing the Bitcoin, maybe government-backed cryptocurrency can attempt for this but this is just a personal guess comes to my mind.

[hahahafr]

Ethereum replacing Bitcoin is not something that is impossible because Ethereum's use cases for the crypto community far exceeds that of Bitcoin. However, when it comes to price i don't think this can follow the same line where we can see ETH's value far beyond that of BTC. BTC would always have the highest price on CMC, no doubt about that.

[weidex]

It is not a crazy idea actually. There are already people in the sphere thinking about turning Bitcoin into token on Ethereum.. just as every other smart contract. Technically, it is possible.

[plast555]

While market dominance is still 60% in favor of Bitcoin, this is unlikely. In addition, Bitcoin's supply is much better than the Ethereum. There is such a possibility, yes, but it is quite low. Or a possibility that could happen much later. But I would like the project to replace Bitcoin more focused on privacy. So I wouldn't have preferred Ethereum.

[gunhell16]

Bitcoin and Ethreum has their own places in the community and crypto world.
They are both supporting each other. I might tell now that LIBRA will be the future second cryptocurrency due to hype.
Ethereum loses its main attraction also as the ICO is almost dead now and replaced by IEO!
This IEO is happening in exchanges and those exchanges have their own tokens to use.
The only thing now that keeps Ethereum hope is ETH 2.0 with POS.

In the end I will tell! ETH will bever replace BTC, it is a good support though.

[beej]

Those things you have mentioned are fact but nothing beats bitcoin as the best store of value.
And for ethereum to be able to replace bitcoin someday it needs huge gain for its market cap but I doubt this is will ever happen. I'm an ethereum holder though.

I agree so much on this. Bitcoin seems untainted as the exemplary cryptocurrency. Bitcoin isn't
showing anything that might frail it's stance as the best. Surely prices alarmingly goes up and
drops down erratically from time to time, as dips are a normal and vital occurrence in any market.
I love and support ETH, I invest on them I think it's the next best thing since Bitcoins and they
have an essential role just like Bitcoin. But if ETH does replace Bitcoin that might really change
things here and there. It does seems likely to happen, It can possibly replace Bitcoin given the
circumstances that it might peak up and overtake bitcoin at some point in the market in the
future. ETH is uniquely vital and it has a distinctive place in cryptocurrency today. But currently
Bitcoin still holds it's ground and affluence with every other coins out there, since every altcoin
is directly or indirectly affected and  influence at different levels with Bitcoin's market price and
value.

[joinfree]

There  is  no way  Ethereum can  replace bitcoin because  each one  has  its  used case bitcoin is meant  for secured , fast and  reliable payment
but Ethereum Networks is capable of opening up the world of decentralized applications even to the people who are without any technical background can be easily accessed by its native browser. 

[Ghenjer]

bitcoin and ethereum are different from each other, bitcoin is a profitable investment in the last decade and ethereum is altcoin which has a smart platform with several projects in this market, so i don't think ethereum can replace bitcoin, bitcoin will remain the top in the crypto market.

[finzyoj]

But I would like the project to replace Bitcoin more focused on privacy. So I wouldn't have preferred Ethereum.

So you mean a coin like Monero? Hmm, if Ethereum already seems no match for bitcoin then I think this coin is even way farther to replace it. I say so because Monero is currently rank 13 compared to ethereum which is in the 2nd spot (based on the Coinmarketcap). Well, who knows? The usage of Monero is growing rapidly in dark web, maybe it could be it's gateway to encourage more investors which leads to greater adoption.

[romero121]

Of all the other thousand cryptocurrencies out there i think ethereum is still the only one capable of replacing Bitcoin as the top cryptocurrency presently.

Eth is the second largest coin by market share and it is also tge major coin used to develop the largest percentage of smart contracts present in the cryptocurrency space.

In terms of market dominance and marketcap ethereum stands next to bitcoin. Recently ethereum was moved to third place by Ripple. By that time it was mentioned as manipulated growth to get the attention of users towards xrp. Later ethereum took its place. The term altcoin itself makes it an alternate to the bitcoin and not an replacement.

So i think eth is capable but i dont believe that will happen anytime soon

Next to bitcoin most of the people prefer ethereum for investment as well other transaction purposes. This is perfectly based on the real-time usage and the growth it has provided through the smart contract when there is more than two thousand coins in the CMC. Ethereum has the ability to compete against bitcoin, but this will never cause bitcoin get replaced by ethereum.

[Abiky]

a long time ago, ETH has always been rumored to be one of the coins that have the potential to surpass BTC. but unfortunately, the demand for BTC is always greater than ETH. in addition, the rise of bitcoin dominance a few days ago also became evidence that bitcoin was needed more than other coins, even ETH.

well, if one day ETH dominates, and replaces bitcoin, the answer is quite simple, just change your focus from bitcoin to ETH. Besides that, I think most investors have bitcoin and Ethereum in their wallets.

That's certainly true, mate. Ethereum may be far superior than Bitcoin in terms of its technological aspects. But the pioneer cryptocurrency is still widely trusted and adopted within the mainstream world. Because of this, Bitcoin has experienced a greater level of demand than Ethereum and most other altcoins on the market. Right now, ETH is far behind Bitcoin in terms of market cap. Considering the current circulating supply and price difference between both cryptocurrencies, it would take a lot of effort for ETH to get past Bitcoin anytime soon.

If the world's second largest cryptocurrency by market cap wants to experience an upsurge in price, it would need to deal with its issues first. It's still the day where many people are expecting Ethereum to adopt PoS + Sharding for scalability. Demand will gradually decrease until Ethereum does the right thing to boost its transaction capacity for mainstream use. Only then, investors will buy ETH in mass, resulting in higher prices over time. Despite this, it'll be nearly impossible to replace Bitcoin because it's too big to fail.

Nonetheless, I believe that Ethereum will do better by complementing Bitcoin in every way. Since it was mainly designed for smart contracts, it could serve its purpose well for delivering censorship-resistant dApps to the world. On the other hand, Bitcoin can serve well its purpose as a store of value as many people use it like "digital gold". As both cryptocurrencies improve over time, their position on market will become stronger. Hence, Ethereum might remain as the second largest cryptocurrency by market cap for years to come. Just my opinion

[bouren]

To reach the conclusion whether Ethereum can beat Bitcoin, we first have to look at the current market position and the degree of utility of both coins.
Bitcoin is clearly market leader right now. It worth 70 times more than ETH. When it comes to utility, it is accepted by many online stores. Easily speaking, Bitcoin is most-widely used cryptocurrency at the moment.
Whereas Ethereum's market condition is worsening. It has dropped over 90% in last 19 months. When it comes to utility, it is mostly used to create tokens. There is hardly any real use of ETH coin in its own.
If we compare above, we can easily reach to conclusion that Bitcoin will remain the king until some new cryptocurrency comes in the market, offering entirely different set of utility.

[Abiky]

To reach the conclusion whether Ethereum can beat Bitcoin, we first have to look at the current market position and the degree of utility of both coins.
Bitcoin is clearly market leader right now. It worth 70 times more than ETH. When it comes to utility, it is accepted by many online stores. Easily speaking, Bitcoin is most-widely used cryptocurrency at the moment.
Whereas Ethereum's market condition is worsening. It has dropped over 90% in last 19 months. When it comes to utility, it is mostly used to create tokens. There is hardly any real use of ETH coin in its own.
If we compare above, we can easily reach to conclusion that Bitcoin will remain the king until some new cryptocurrency comes in the market, offering entirely different set of utility.

Exactly. Right now, the numbers are telling us that it's nearly impossible for Ethereum to surpass Bitcoin anytime soon. However, we cannot discard the possibility of ETH overcoming Bitcoin in the future as crypto behaves in many strange and bizarre ways. The high volatility in prices makes certain cryptocurrencies rise on top of others across the market. We've already seen how Ripple's XRP cryptocurrency has replaced ETH in terms of market cap several times. Of course, ETH has regained its rightful place on the market. But, the trend repeats itself every time there are wild fluctuations in price. For once, ETH was heavily used as a gateway into the ICO world. Now, that's a thing of the past as ICOs have experienced a massive crackdown from worldwide governments (especially the US).

Things aside, I believe that Ethereum will do just fine as an alternative to Bitcoin. After all, ETH is not meant to be a store of value. The world's second largest cryptocurrency by market cap can be useful as a sort of "fuel" that powers smart contracts worldwide. This would allow Ethereum to become a highly-demanded altcoin for years to come. However, its price might not increase that much because of its undefined maximum supply.

Nonetheless, it's safe to say that Bitcoin will remain as the "King of Crypto" for the foreseeable future while Ethereum will remain as the "Prince of Crypto". Both camps have their distinctive advantages/disadvantages one from another. People can use ETH or BTC depending on their daily needs. With the power of smart contracts on Ethereum, and a resilient store of value on Bitcoin, the Blockchain ecosystem becomes a better place for people within the mainstream world. Just my opinion

[tuanvie]

Ethereum, erc-20 token thanks to projects using standing can say. Now ico's are released with their mainnet. So erc-20 transfers are constantly decreasing. As transfers are reduced, there is no need for minerals and financial benefits are reduced. This affects the price of the ethereum. So the ethereum will never replace the bitcoin.

[Xxmodded]

I am glad with ethereum could replace of bitcoin some day later, many investor keep holding ethereum will be happy because seeing ethereum have higher price than bitcoin, but is not be true because price ethereum and bitcoin today so far and never could raised half or bitcoin price, although with eth situation today look down.