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Author Topic: Will Ethereum overpower Bitcoin in the future? Which side are you on?  (Read 842 times)
codpku
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September 10, 2020, 03:21:49 AM
 #81

Bitcoin was a king until now no one can replace and take his crown as a king i believe with that
But no king can rule forever i believe someday someone will replace him
And ethereum was a prince that can take that place the number 1 place with lot of innovation that vitalik and the team make
With defi hype that using ethereum blockchain will make ethereum more strong
And we all wait for ethereum 2.0 right??
I believe there still lot of great idea and inovation project will come from vitalik and the team
So im in ethereum side

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September 10, 2020, 04:40:48 AM
 #82

Let me explain it to you in a simple way dude, as long as Bitcoin community supporters believed in it, surpassing its price in the market will not happen. Ethereum will always next into bitcoin in the cryptocurrency business industry always bear that in your mind. Even ETH built a huge community in different countries not enough to say that ETH can overpower Bitcoin in the future, hope you understand.
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September 10, 2020, 04:54:31 AM
 #83

I my opinion Ethereum will not wishing off bitcoin on the first rank. Bitcoin is still the king of cryptocurrency where it is the pioner.
Bitcoin is the first cryptocurrency who have a huge community. No one can replace bitcoin.
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September 10, 2020, 05:15:57 AM
 #84

It is very difficult to say, "overpower" has many facets of meaning. It has been answered by @OP itself that in terms of platform, ethereum is overpower because they are constantly being developed and are getting more advanced in terms of the blockchain platform. There are many sides of the meaning that we can get on this topic and it returns to each user to think and refer to who has the meaning of "overpower". I'm on both sides, to be honest bitcoin and ethereum don't fight so why should I choose one side only, if we can choose both sides.

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September 10, 2020, 05:24:12 AM
 #85

Thinking of the future bitcoin will stay become the number one as bitcoin was has more fan then ethereum. Like or not bitcoin still like a father for all altcoins so i dont think peoples will dump bitcoin for Ethereum. But i still do think ethereum will be stay at number 2 and hope xrp shit token will not replace ethereum at second anymore.
Yeah bitcoin definitely has its own fanbase that's not gonna switch to any altcoins other than just for making profit and Ethereum too has fanbase all over the world. but, Ethereum's growing pace both in market cap and development of projects within the platform is kinda fast that it's not impossible for it to eventually overpower bitcoin in the future but whether it's gonna happen or not it's always good to have some kind of competition.
The exchanges out there also keep contributing to build up the ETH hype, kinda curious when the future unfolds and we gotta see which coin dominates.

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September 10, 2020, 05:44:24 AM
 #86

I my opinion Ethereum will not wishing off bitcoin on the first rank. Bitcoin is still the king of cryptocurrency where it is the pioner.
Bitcoin is the first cryptocurrency who have a huge community. No one can replace bitcoin.
Ethereum is now just developing and trying to solve the problems that have arisen. The network is now very congested, as the load on it has increased greatly. We are all waiting for the promised improvements to Ethereum 2.0, which should solve many problems, including the scalability issue of this coin.
Ethereum and Bitcoin do not conflict with each other, since they are completely different coins in terms of functionality. In the near future, ethereum will not be able to surpass Bitcoin either in price or in terms of capitalization. Well, no one knows what will happen next.

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September 10, 2020, 05:45:59 AM
 #87

There is actually nothing Ethereum can do that Bitcoin cannot do better.. Ethereum should stay with it's original goal to be the Smart contract platform and not try to compete with Bitcoin as a currency/commodity.  Wink

The Ethereum gas introduction has severely hampered Ethereum's chances to be the King of Crypto currencies and the introduction of the Lightning Network has strengthened Bitcoin's chance to stay on top as a currency/commodity platform.

As you said, things change quickly in the Crypto world, so nothing is guaranteed and set in stone.  Wink

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September 10, 2020, 10:29:22 AM
 #88

This discussion has been debated many times in the last couple of years. And I still stand by my position that Ethereum will not be displacing Bitcoin as the number 1 cryptocurrency. Taken that Eth has developed massively in terms of innovations and blockchain services offered, however, Bitcoin still stands as the most accepted crypto coin because it was the first one to be created. Acceptability trumps development here. It's like asking people to switch to a new religion and dump the one they grew up with. It is always going to be difficult.

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September 10, 2020, 10:41:48 AM
 #89

too far equating bitcoin with ethereum although ethereum has lose one rank  in terms of popularity and enthusiasts in the ethereum market very far behind and it is proven if bitcoin has increased ethereum can only be silent If this continues, no changes will be made to ethereum it is impossible to beat bitcoin in the future

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September 10, 2020, 10:56:54 AM
 #90

The blockchain and cryptocurrency industry is an industry that is constantly changing and evolving. So it’s hard to give you a binary answer inmy opinion. I honestly love both the projects.

However when I look at it from a larger perspective, I realize that the industry is rapidly changing and the top project maybe something we least expect. I see a lot of development happening in the Web3 ecosystem with respect to Polkadot. I see new projects like Concordium which are exploring new paradigms like Faas( Finality as a Service ) and are backed by years of Academic Research. DeFi is changing the way we know Finance.

If there is one thing we can learn from the industry, its that change is the only constant and BTC is King. It has always been.

Ofcourse Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.

It's a weird one. I mean most of us are big bitcoin moonboys. That being said I cannot disregard the absolute utility Ethereum brings to the table. That has been made very clear with the recent surge in Defi and honestly the influence of Uniswap is a massive leap for the industry. Staking pools like yearn and fiscus.fyi would never have been possible without it. So Ethereum has its place. Keep in mind in most places around the world the only way to enter crypto is only via btc and it will be for a long time to come.
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September 10, 2020, 11:09:04 AM
 #91


Of course Ethereum is very innovative, it is infact one of the most innovative projects out there, but BTC will continue to dominate unless Ethereum brings something so huge that it will lead mass adoption and will be seen a better store of value than BTC. Ethereum was never intended to be a store of value.
If we are going to take this current situation where there a re a lot of scam DeFi projects in the Ethereum network plus the fee is very high I don't think Ethereum will or can over power Ethereum they should first check scalability of their network and stop this fake DeFi's from launching
in their network, Ethereum has been in the number two spot for a long time and they are always a threat but I don't think it's capable.

Bitcoin still gathered more trust and support both from crypto peps and non crypto followers, the fact that it was the very first crypto coin being known from the sphere keeps him in place as top crypto of all time. With you statement in regards to ETH the chain will continue
to be like that as developers both true and scam projects used this system.




Quote
We couldn't really be sure about the future we don't even know what would the future developments that would happen in both ETH and BTC.
So we couldn't say if ETH could overpower Bitcoin in the future or it would just stay on the shadow of Bitcoin forever.


That's the future to show us. We don't have that capabilities as we are referring everything to current acceptance and developments.

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September 10, 2020, 11:34:21 AM
 #92

Bitcoin is the first coin ever and I can not imagine Ethereum will over power Bitcoin in the future.
Even though it could happen, it seems that it will not be easy for Ethereum to master Bitcoin, because logically it has been seen, Bitcoin is growing very strong and even Bitcoin has been considered a cryptocurrency icon by some people in crypto.

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September 10, 2020, 11:54:10 AM
 #93

I'm always on Bitcoin sides especially now that there are a lot of questions about Ethereum's scalability, Bitcoin have proven themselves in every worst scenario or situation it encounter, the dominance is always there it never went down to 50% I have not known of any investor without Bitcoin in their portfolio and I always encourage newbies to study Bitcoin first before any coin in the market.

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September 10, 2020, 12:17:23 PM
 #94

I'm always on Bitcoin sides especially now that there are a lot of questions about Ethereum's scalability, Bitcoin have proven themselves in every worst scenario or situation it encounter, the dominance is always there it never went down to 50% I have not known of any investor without Bitcoin in their portfolio and I always encourage newbies to study Bitcoin first before any coin in the market.
you are right, bitcoin will always come first in the crypto market compared to ethereum. But ethereum is not without opportunities in the market. ethereum is a sizeable asset and has been alongside bitcoin for quite some time in the crypto market. comparing the two I think not so good. have both I think is the best. ethereum is not a bad asset.
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September 14, 2020, 06:34:36 PM
 #95

There is actually nothing Ethereum can do that Bitcoin cannot do better.. Ethereum should stay with it's original goal to be the Smart contract platform and not try to compete with Bitcoin as a currency/commodity.  Wink

The Ethereum gas introduction has severely hampered Ethereum's chances to be the King of Crypto currencies and the introduction of the Lightning Network has strengthened Bitcoin's chance to stay on top as a currency/commodity platform.

As you said, things change quickly in the Crypto world, so nothing is guaranteed and set in stone.  Wink

Exactly. Ethereum isn't meant to replace Bitcoin in the long run. It's actually meant to be a complement of the main Bitcoin blockchain by providing smart contracts functionality. The fact that Ethereum has an undefined supply, makes it unsuitable as a store of value. It's works more as a currency because of its inflationary model. While Ethereum is superior than Bitcoin in technical terms, it's a completely different thing. Comparing both ETH vs BTC is like comparing apples vs oranges.

I believe that Ethereum will remain as the second-largest cryptocurrency in the world, as no other altcoins matches its level of development and innovation. But Bitcoin will always be the "King of Crypto" because it's the father of Blockchain technology. This has given Bitcoin first-mover advantage on the market, unlike no other cryptocurrency in the world today. In the end, ETH will grow alongside BTC in terms of mainstream adoption. Most people are on the "Bitcoin side" because it's the one cryptocurrency which started this craze. Ethereum still has its supporters, but it's not as comparable as Bitcoin today. Depending on different situations in life, will be the type of cryptocurrency to use in the real world. Let's hope that both blockchains (ETH and BTC) scale in order to boost mainstream adoption as much as possible. Just my opinion Smiley

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January 19, 2021, 10:38:39 AM
 #96

actully i'm not sure about overpowering btc/eth - i think each of this crypto has its own marketshare and could be used for diffrent purposes. i believe eth in the best blockchain for smaert contracts, defi tools and dex projects, and btc is more about payment/exchange currency
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January 19, 2021, 12:07:54 PM
 #97

Ethereum can't overpower bitcoin

1. Bitcoin is more recognized than Ethereum
2. Bitcoin have the lowest max supply
3. Bitcoin controls the highest volume and liquidity, if Bitcoin revaluate all other coins will follow
4. We don't know what the CEO of Bitcoin looks like, bitcoin practice decentralized more than other

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January 19, 2021, 10:15:35 PM
 #98

actully i'm not sure about overpowering btc/eth - i think each of this crypto has its own marketshare and could be used for diffrent purposes. i believe eth in the best blockchain for smaert contracts, defi tools and dex projects, and btc is more about payment/exchange currency
likely actual strategy, there's no real battle between btc and eth.. eth is really good as a technology base for ico and defi projects... i choose for investment only eth based dex projects
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January 19, 2021, 11:27:03 PM
 #99

I don't believe that ETH would overpower Bitcoin even in the future.
The only thing that ETH could overpower BTC is it's supply other than that I believe that there are no other thing ETH could overpower BTC.



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January 19, 2021, 11:58:53 PM
 #100

Based on the historical data and current market status of btc, I can say that no other coin can overpower btc even ethereum. Btc is continuously dominating the crypto market because of its stability, legitimacy and very wide scope. But like what I said, it is based on the current status of btc, we don't know what will happen for the next few months of years.

As much as I like ethereum, I don't think they can overpower bitcoin even in the next years to come. They have different use case in the crypto market. And right now, a lot of crypto users are leaning on btc as their first choice. One common reason is that, most of their local crypto exchanges have only btc to their fiat conversion. So they have no other choice but to convert their crypto to btc, in order to get their fiat.

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