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Author Topic: What if Ethereum replaces Bitcoin someday?  (Read 6526 times)
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November 09, 2019, 11:26:24 AM
 #481

the possibility is indeed very small considering the continued supply of bitcoin and the demands on bitcoin that are always there while the crypto market still hasn't lost buyers. but if that happens someday, it looks not only as a crypto top, but etherum will also be the number 1 smart contract for new tokens to be launched. of course seeing when the conditions where etherum becomes the most expensive and number one, of course the developer will always consider etherum as a smart contract with the aim of getting a high exchange rate.

 
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November 09, 2019, 11:37:03 AM
 #482

I would like to say this: with the progress of the team in ensuring that the project move forward and faster, one could say that; the possibility of ethereum getting over bitcoin must surface in the nearest future. Although, the upcoming upgrade to 2.0 will give a clue to their determination of how they can bush the project. Future of cryptocurrency is unpredictable and anything can happen to any coin either be it the first or last to be created.

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November 09, 2019, 11:43:14 AM
 #483

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? Huh

I strongly agree that Ethereum will replace Bitcoin someday. because many of Altcoin now use Ethereum platforms like ErC-20 ... and this we find from the many altcoins that are launched all the time. but I am still doubtful about the current Ethereum price which is very difficult to rise higher so that it is difficult for ethereum to replace Bitcoin for a price.

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November 09, 2019, 11:45:09 AM
 #484

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? Huh
I think that will happen soon when sharks no longer need bitcoin. Bitcoin is one of the types of assets not really valuable. Its functions are getting worse and worse than the alts that are being upgraded over time.
one day the cost of bitcoin transactions is too expensive and a continuous delay takes place, when Ethereum will take the throne.
You should review your knowledge in this market because of the fact that Bitcoin is decisive for the existence of crypto and all fluctuations of Bitcoin will affect all altcoins. Now Bitcoin uses old technology and cannot be applied to any field but this is always the coin that whale holds the most in the market because if you have a large amount of Bitcoin, you can completely manipulate crypto.

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November 09, 2019, 11:58:19 AM
 #485

I think the benefits of Ethereum are extremely amazing. It will continue to grow stronger and be a good opportunity for investors.  Smiley
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November 09, 2019, 12:01:37 PM
 #486

yep, bitcoin doesn't have many big uses like ethereum. but the birth of ethereum is from bitcoin. There are many reasons for ethereum to surpass Bitcoin, but the trust in Bitcoin today is still very large. the main problem of bitcoin is there is no specific development for bitcoin, so technology is like old. but ethereum always makes progress. which is more advanced, the greater the violation. the current use of ethereum is much for scam project. so trust in ethereum can't be more than bitcoin. I think that if Ethereum can separate the project scam from the real project, it will foster people's trust.

 
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November 09, 2019, 02:52:11 PM
 #487

yep, bitcoin doesn't have many big uses like ethereum. but the birth of ethereum is from bitcoin. There are many reasons for ethereum to surpass Bitcoin, but the trust in Bitcoin today is still very large. the main problem of bitcoin is there is no specific development for bitcoin, so technology is like old. but ethereum always makes progress. which is more advanced, the greater the violation. the current use of ethereum is much for scam project. so trust in ethereum can't be more than bitcoin. I think that if Ethereum can separate the project scam from the real project, it will foster people's trust.

It is a given fact that Ethereum has a real use case compare to Bitcoin, and it was developed to improve Bitcoin to expand its capabilities, and also it is secure, decentralize.
Ethereum also has much potential in terms of sheer utility and market capitalization. But still it cannot replace Bitcoin, not now and not tomorrow or not too soon. It is just like Bitcoin is the main cast, and Ethereum is the side kick of the main cast.





 
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November 09, 2019, 02:58:58 PM
 #488

yep, bitcoin doesn't have many big uses like ethereum. but the birth of ethereum is from bitcoin. There are many reasons for ethereum to surpass Bitcoin, but the trust in Bitcoin today is still very large. the main problem of bitcoin is there is no specific development for bitcoin, so technology is like old. but ethereum always makes progress. which is more advanced, the greater the violation. the current use of ethereum is much for scam project. so trust in ethereum can't be more than bitcoin. I think that if Ethereum can separate the project scam from the real project, it will foster people's trust.
Impossible with ethereum price always depend with bitcoin, how come eth can replace with bitcoin position because eth always down when bitcoin down and up little when bitcoin raise with higher price, after eth not have basic connection with bitcoin maybe can make eth replace with bitcoin place and only take moment with bitcoin become higher price but eth still down and lower.

 
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November 09, 2019, 03:03:42 PM
 #489

yep, bitcoin doesn't have many big uses like ethereum. but the birth of ethereum is from bitcoin. There are many reasons for ethereum to surpass Bitcoin, but the trust in Bitcoin today is still very large. the main problem of bitcoin is there is no specific development for bitcoin, so technology is like old. but ethereum always makes progress. which is more advanced, the greater the violation. the current use of ethereum is much for scam project. so trust in ethereum can't be more than bitcoin. I think that if Ethereum can separate the project scam from the real project, it will foster people's trust.

It is a given fact that Ethereum has a real use case compare to Bitcoin, and it was developed to improve Bitcoin to expand its capabilities, and also it is secure, decentralize.
Ethereum also has much potential in terms of sheer utility and market capitalization. But still it cannot replace Bitcoin, not now and not tomorrow or not too soon. It is just like Bitcoin is the main cast, and Ethereum is the side kick of the main cast.

the only advantage of eth is that it can create tokens but i dont think btc can do that althought btc can also do send and receive payments and also works decent if use for investment  .

 eth can replace bitcoin but i dont know if what year/months it would happen but if ever that happens i will still accept it . ill accept my defeat because i said to myself that my vote will always go for btc  but why feel sad when btc is still useable after the change in the ranking right ?

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November 09, 2019, 04:00:09 PM
 #490

If it does then it's safe to say that Bitcoin cannot remain as king of cryptocurrency. And this means that any other coin could reach the top even some people consider time-wise in investing. I'm talking about bitcoin, it stayed at the top since it's the first currency. But with Ethereum replacing bitcoin, this only means that any other coins have big chances on making it to the top even if it was just created just now. All it needs is some trust.

 
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November 09, 2019, 04:03:14 PM
 #491

I think Ethereum has a lot of good opportunities to rise up too. but going to the top still takes a lot of effort as well as luck. I believe Ethereum will be able to do it, do you believe it?
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November 09, 2019, 04:11:53 PM
 #492

Ethereum is in a high position in the cryptocurrency market. Ethereum is thriving in other areas as well. could it be in the future?
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November 09, 2019, 04:20:39 PM
 #493

Do you advice to buy as much ETH as possible ?
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November 09, 2019, 04:26:23 PM
 #494

The information you give is correct. But I feel that Ethereum wants to rise to number one is very difficult because there are many things that it has not done as Bitcoin. It takes a lot of effort and it takes more time. Do you think I'm wrong? If wrong, please comment.
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November 09, 2019, 04:41:19 PM
 #495

Ethereum has some interesting updates coming up in early 2020. I think the price will go up from there but Bitcoin is still king and it will be hard seeing Eth overtake BTC as the major crypto.

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November 10, 2019, 07:31:40 PM
 #496

I support your opinion but I think it is a bit difficult. Bitcoin has deep roots and still dominates the cryptocurrency market, it has good potential and stability. Ethereum wants to replace Bitcoin, it takes a long time and has a good stepping stone
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November 13, 2019, 10:12:29 PM
 #497

yep, bitcoin doesn't have many big uses like ethereum. but the birth of ethereum is from bitcoin. There are many reasons for ethereum to surpass Bitcoin, but the trust in Bitcoin today is still very large. the main problem of bitcoin is there is no specific development for bitcoin, so technology is like old. but ethereum always makes progress. which is more advanced, the greater the violation. the current use of ethereum is much for scam project. so trust in ethereum can't be more than bitcoin. I think that if Ethereum can separate the project scam from the real project, it will foster people's trust.

That's certainly true, mate. After all, Ethereum comes from Bitcoin one way or another. Without the creation of Bitcoin, none of the advancements within the Blockchain industry would've been possible. I believe that most cryptocurrencies' success has been related to the prominence of Bitcoin itself. We all know that Bitcoin is the reserve currency of the crypto market. Despite this, Ethereum works fine as an alternative to the main Bitcoin blockchain providing smart contract functionality worldwide. It may have been used for ICOs mostly, but it has the potential to transform nearly every industry as we know it. As for scam projects using the ETH blockchain for their own benefit, it's highly unavoidable. Even Bitcoin faces the same problem, with "scammy" forks appearing every once in a while with the purpose of filling the developers pockets. But in the end, they turn out to be worthless coins with no real use cases for the mainstream world.

The Ethereum blockchain has managed to survive for quite some time, despite its many flaws. It has followed Bitcoin's footsteps where it continues to improve itself every step of the way. With an active development team, and supportive community, Ethereum could last a lifetime. It may never replace Bitcoin, but it could complement it in every way. I believe that Bitcoin will continue to grow in market cap over time, while Ethereum remains behind it across the crypto market. The gap between both cryptocurrencies' market caps is too big. It's nearly impossible for Ethereum to rise above Bitcoin, because of this factor. After all, Ethereum is an inflationary cryptocurrency whereas Bitcoin is not.

Nonetheless, I hope that someday Ethereum will grow so big that it'll be comparable to the likes of Bitcoin. But everything will depend on how much people will adopt the world's second largest cryptocurrency by market cap within the mainstream world. Just my opinion Smiley


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November 13, 2019, 10:36:27 PM
 #498

although ethereum is better than bitcoin but never will ever be able to replace bitcoin, bitcoin is the king of all coins and is the first coin, there is still much to do all coins to beat bitcoin but as i said if it will never anyone can replace bitcoin

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