What if Ethereum replaces Bitcoin someday?

[otto93]

From scratch eth has been proven more usercase than btc but fairness been said blockchain which is the technology behind the development of bitcoin is same technology that supports the development of Ethereum network.. Both are different coins trying to solve the same problem in their perspective ways

[10c]

From scratch eth has been proven more usercase than btc but fairness been said blockchain which is the technology behind the development of bitcoin is same technology that supports the development of Ethereum network.. Both are different coins trying to solve the same problem in their perspective ways

but in the end, if both projects try to solve the same problem, then the winner will be the one who does it first. Only time will show who will stay in this market

[kaneki007]

I'm not sure someday ethereum can replaces bitcoin, from the marketcap difference is very far between bitcoin and ethereum
bitcoin are first cryptocurrency, but if that happend i think trend of bitcoin will decrease because the position has been replaced by ethereum

[agentx44]

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?

Ethereum and bitcoin has been really tight on competing against each other for a long time already but bitcoin was still at the lead wherein ethereum's price is still far away from bitcoin. Amidst having that fact, ethereum keeps on improving day by day but just like bitcoin, it still experiences crisis and downfall. Good thing now is that bitcoin and ethereum are recovering and for me, it will take too long for ethereum to defeat bitcoin since it is a very strong and successful coin amidst the crisis.

[Abiky]

Not possible. Bitcoin will remain as the biggest cryptocurrency. I am not saying it is the best in terms of features or tech but no coin can replace Bitcoin in the cryptocurrency market. Ethereum is a close follower however you can see what happens to Ethereum when BTC increases a little. The domince will decline a little but it will not go below %50.

That's certainly true, mate. Ethereum may have been following Bitcoin closely and all, but that's that. It seems unrealistic for Ethereum to overcome the original cryptocurrency after all. Perhaps, Ethereum would serve better as a complement of Bitcoin rather than anything else. As of now, Ethereum has a long way to go before it reaches Bitcoin's market cap of over $140 billion dollars. The current economics of ETH also affects its long-term pricing. With an undefined supply for ETH, it'll continue on a constant inflation rate for years on end. This would make it unable to replace Bitcoin in its entirety, anytime soon.

Nonetheless, Ethereum being a smart contract platform has outperformed Bitcoin in many ways. It can be used as the "fuel" of smart contracts, while Bitcoin can be used as a long-lasting store of value. As long as Ethereum remains actively developed and maintained by its foundation, there should be nothing to worry about. Just my thoughts

[iamsange]

Then i will support ETH.  Maybe the answer is that simple. Because the question from title is "what if". Any coin that in top, or maybe can make cryptocurrency itself accepted by all people over the world must be supported. If Ethereum be number 1, then we try to make it down under bitcoin, it can make bad affect on crypto itself.

[cahbagus555]

Not possible. Bitcoin will remain as the biggest cryptocurrency. I am not saying it is the best in terms of features or tech but no coin can replace Bitcoin in the cryptocurrency market. Ethereum is a close follower however you can see what happens to Ethereum when BTC increases a little. The domince will decline a little but it will not go below %50.

That's certainly true, mate. Ethereum may have been following Bitcoin closely and all, but that's that. It seems unrealistic for Ethereum to overcome the original cryptocurrency after all. Perhaps, Ethereum would serve better as a complement of Bitcoin rather than anything else. As of now, Ethereum has a long way to go before it reaches Bitcoin's market cap of over $140 billion dollars. The current economics of ETH also affects its long-term pricing. With an undefined supply for ETH, it'll continue on a constant inflation rate for years on end. This would make it unable to replace Bitcoin in its entirety, anytime soon.

Nonetheless, Ethereum being a smart contract platform has outperformed Bitcoin in many ways. It can be used as the "fuel" of smart contracts, while Bitcoin can be used as a long-lasting store of value. As long as Ethereum remains actively developed and maintained by its foundation, there should be nothing to worry about. Just my thoughts

I agree that ethereum is a complement to bitcoin. Bitcoin as money and ethereum as a platform for business. This is an ideal illustration of the use of cryptocurrency but what is happening now is that many competitors have begun to emerge for ethereum and this could change the ranking composition in coinmarketcap

[Bitcoin+Fi]

I think this will never happen at all, although ETH is a good and promising coin, but still Bitcoin is much stronger and more promising

[ringgo96]

Then i will support ETH.  Maybe the answer is that simple. Because the question from title is "what if". Any coin that in top, or maybe can make cryptocurrency itself accepted by all people over the world must be supported. If Ethereum be number 1, then we try to make it down under bitcoin, it can make bad affect on crypto itself.

bitcoin will not be replaced by ethereum. if this happens you should understand that there will certainly be a big change of control in the crypto market which has been the main pillar of the establishment of the trade to date. and also for the position of ethereum it is possible to replace it. whether it's with new or old altcoin, but it has evolved

[10c]

I think this will never happen at all, although ETH is a good and promising coin, but still Bitcoin is much stronger and more promising

everything is very simple because bitcoin has those properties that ETH can never possess, but Ethereum does not have those properties that bitcoin cannot possess. that's why ETH can never be the first. Just a simple logic 

[TheICE007]

Like they would say, never say never. This is typical of the crypto space. Everything is possible, even ethereum is possible to overtake Bitcoin but I doubt it will happen in the nearest future, it's features are capable of taking it over but the dominance of Bitcoin wouldn't allow for now.

[iamsange]

Then i will support ETH.  Maybe the answer is that simple. Because the question from title is "what if". Any coin that in top, or maybe can make cryptocurrency itself accepted by all people over the world must be supported. If Ethereum be number 1, then we try to make it down under bitcoin, it can make bad affect on crypto itself.

bitcoin will not be replaced by ethereum. if this happens you should understand that there will certainly be a big change of control in the crypto market which has been the main pillar of the establishment of the trade to date. and also for the position of ethereum it is possible to replace it. whether it's with new or old altcoin, but it has evolved

I know, maybe bitcoin existence can't be replaced although there are altcoins with higher price appear. And i just wonder about it because any crypto that will be top in future, maybe will be next central of cryptocurrency too.

[sirminesalot]

Then i will support ETH.  Maybe the answer is that simple. Because the question from title is "what if". Any coin that in top, or maybe can make cryptocurrency itself accepted by all people over the world must be supported. If Ethereum be number 1, then we try to make it down under bitcoin, it can make bad affect on crypto itself.

all possibilities can happen and no one can predict with certainty the development of any crypto currency if indeed ETH can replace bitcoin or other coins the investor's interest in investing with these currencies will develop and there will be many and it will make a positive development of coins and has become an investment law that does not develop will be eliminated

[BennyK]

There is probability for anything to happen in this world but the level of the probability tells how likely that even can happen. With the current market trend of Ethereum, it is apparent that Ethereum has low probability of surpassing Bitcoin on the market. Comparing just the market caps and dominance alone reveal that Ethereum has a long way to go to surpass Bitcoin.

[Landak]

in the near future, it is very unlikely to happen but if one day bitcoin has reached max supply circulation, I am sure there will be a substitute for the existence of bitcoin whether it is ethereum or other coins, and i don't know when that will happen. personal opinion, I hope that bitcoin will still exists and is irreplaceable.

[zeze18]

in the near future, it is very unlikely to happen but if one day bitcoin has reached max supply circulation, I am sure there will be a substitute for the existence of bitcoin whether it is ethereum or other coins, and i don't know when that will happen. personal opinion, I hope that bitcoin will still exists and is irreplaceable.

Maybe it won't happen in the future also, because bitcoin itself already growed since 2009 and eth is just launched in 2014.
People will be more familiar with bitcoin and the demands will be not stop except the bitcoin system are stopping

[DarkIT]

in the near future, it is very unlikely to happen but if one day bitcoin has reached max supply circulation, I am sure there will be a substitute for the existence of bitcoin whether it is ethereum or other coins, and i don't know when that will happen. personal opinion, I hope that bitcoin will still exists and is irreplaceable.

I am pretty sure that bitcoin still exists and remains popular if the number has reached a maximum, and I think the price will be more expensive. in the matter of ethereum going beyond bitcoin, I think it's quite difficult, even for now I still can't imagine it. ehtereum is indeed a very good coin, and is approaching bitcoin, but in fact bitcoin also greatly influences the current price of ehtereum.

[gunhell16]

That means the world are open for cryptocurrency and every country allowing stores and merchant to accept cryptocurrency which Ethereum is the basic currency to accept by all and bitcoin is banned all over the world.

[Landak]

in the near future, it is very unlikely to happen but if one day bitcoin has reached max supply circulation, I am sure there will be a substitute for the existence of bitcoin whether it is ethereum or other coins, and i don't know when that will happen. personal opinion, I hope that bitcoin will still exists and is irreplaceable.

I am pretty sure that bitcoin still exists and remains popular if the number has reached a maximum, and I think the price will be more expensive. in the matter of ethereum going beyond bitcoin, I think it's quite difficult, even for now I still can't imagine it. ehtereum is indeed a very good coin, and is approaching bitcoin, but in fact bitcoin also greatly influences the current price of ehtereum.

but we don't know what will happen in the future, it could be that our hope can be wrong and ethereum will completely replace bitcoin. although the possibility is small but in the crypto world everything can happen.

[GrayFullbuster]

Maybe it will happen someday, I do not care if the Ethereum will replace bitcoin someday because there are some characteristics of ethereum that surpasse the characteristics of the bitcoin.