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Author Topic: Etherum overtake bitcoin marketcap?  (Read 588 times)
cryptonx
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February 02, 2021, 09:27:24 PM
 #61

How long until this happens?

i'm not sure if ethereum will overtake bitcoin marketcap, because without bitcoin ethereum will be nothing even maybe this altcoin will never born mate
so, its never happend

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February 02, 2021, 09:46:18 PM
 #62

How long until this happens?

No one can tell on when it would happen but basing off on history. ETH almost reached nor surpassed Bitcoin dominance in the market and that was on June 19,2017 on where

ETH dominance do able to rise up 31% while BTC is on 37% which is really already considered as a close gap and the next one being nearest was on Jan 29,2018 which it do able

to hit 33% versus 20% in dominance which is also near as we can say but now on the current market condition where that gap is nowhere to be found.Bitcoin is dominating

the market after all the years had passed.So its really hard to tell on when ETH will overtake Bitcoin in any angle.It might able to get close or go near but it wasnt successful
on surpassing it.

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February 02, 2021, 11:56:42 PM
 #63

When viewed from the ethereum ecosystem and demand, I do think there is an opportunity to overtakes bitcoin from number 1,
but it should be noted that Bitcoin is not just a coin, but the core of the blockchain is Bitcoin, so the mother of all coins in the crypto world is bitcoin mate, Even though Ethereum has a perfect ratio of almost 100% I believe the chance to overtakes is only 1%.

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February 03, 2021, 10:46:04 AM
 #64

When viewed from the ethereum ecosystem and demand, I do think there is an opportunity to overtakes bitcoin from number 1,
but it should be noted that Bitcoin is not just a coin, but the core of the blockchain is Bitcoin, so the mother of all coins in the crypto world is bitcoin mate, Even though Ethereum has a perfect ratio of almost 100% I believe the chance to overtakes is only 1%.

The opportunity has always been there, but it needed to fix a lot of issues. Scalability will be the one ETH 2.0 directly takes over, but the real key for me is utility beyond gambling and defi apps (which are the same to a lot of people let's be honest). Dapps need to be much more diverse than what they currently are.

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February 04, 2021, 04:09:09 PM
 #65

The opportunity has always been there, but it needed to fix a lot of issues. Scalability will be the one ETH 2.0 directly takes over, but the real key for me is utility beyond gambling and defi apps (which are the same to a lot of people let's be honest). Dapps need to be much more diverse than what they currently are.
I think it is obvious that scalability is the biggest problem in the crypto world, for some reason that hasn't been solved for years now. I get that if we make it very fast, there is a danger of it being not so secure and safe, for example if you make bitcoin faster by doing some changes you are looking into a problem of double spending becoming easier as well, hence that is why we should always be looking into security over pace and cheapness.

However one thing is for sure, bitcoin is not that simple to change and ethereum is not that simple to change but they have to change if they want to become better, otherwise they are going to get stuck and poor people will get away from it. Crypto was a thing people who didn't make too much money in third world countries and with fee's becoming this high it became harder for them to use it as well, I know from personal experience.

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February 04, 2021, 05:47:08 PM
 #66

How long until this happens?
The short answer is never, the long answer is never as well but here is why, bitcoin is the first ever cryptocurrency and that gives it an advantage but the main advantage of bitcoin over ethereum is that people trust in bitcoin, institutional investors are coming to bitcoin and investing in it because they see it as a safe haven against inflation, but they do not see ethereum with the same eyes and as long as that is the case ethereum has a 0% chance of ever surpassing bitcoin.



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February 04, 2021, 10:49:51 PM
 #67

Bitcoin holds 68% of that total cryptocurrency market cap. Whereas for ETh it's just around 13% share. I don't see ETH not can even catch BTC's cap. To happen so, BTC must be trading flat and ETH to rise such that it will cross BTC's market cap which is impossible.

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February 04, 2021, 11:34:01 PM
 #68

How long until this happens?

It will take an eternity- lol

Honestly, I believe ETH is a great coin, a great project with a great future but I don't think it will ever surpass the success of bitcoin as this market is mostly controlled by bitcoin.

look how big the market is, and how big also the dominant rate of bitcoin. https://coinmarketcap.com/

61.2% Dominant rate now, that's bitcoin => entire altcoins market.

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March 14, 2021, 03:55:12 PM
 #69

The question is how. How can ethereum will overcome bitcoin's marketcap if the gap is too much between them? The gap is almost 800B usd and bitcoin' price is still going up and dominating the crypto industry in terms of marketcap. I don't think that ethereum will overtake bitcoin today or even in the future. But I am not saying that eth is not good enough to compete, it is really the best among altcoins.
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March 14, 2021, 04:29:23 PM
 #70

I admit and believe that etherem is the best altcoin right now because its growth is very significant, and is everyone's investment choice, but if etherem chases bitcoin capitalization it feels like a joke, because there is no way ETH can compete with BTC whose value is so far from etherem,
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March 14, 2021, 06:06:41 PM
 #71

In my opinion, there is no way Ethereum will catch up with the Bitcoin market cap. So that you can understand better,  please see for yourself
the data on the coinmarketcap site. It is very clear that the difference in the market cap between Bitcoin and Ethereum is very far away,
especially since Bitcoin will always be the strongest crypto. There is no hope for Ethereum to replace Bitcoin, that is a reality that must be accepted.
Although Ethereum is currently the king of altcoins, for cryptocurrency the king is Bitcoin.

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March 14, 2021, 11:23:27 PM
 #72

It seems tough for Ethereum to overtake Bitcoin in any case. although both coins have their own fans, bitcoin is still far ahead of ethereum. and ethereum's position will not change under bitcoin, however but i think ethereum is a good coin as well as bitcoin.
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March 15, 2021, 02:05:47 AM
 #73

for me, i don't think ethereum (ETH) can overtake bitcoin (BTC) in the marketcap, the gap between both of them are already too far, if we discussed about this in 2017, maybe i still think that it's highly possible, but for now, i don't think that ETH can reach the top and beat BTC in the near future, but still, we will not know until it's happening, so just wait for now, maybe the only way for ETH to overtake BTC is when they keep making a great project so that the price and the volume of ETH itself keep growing minute by minute.

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March 15, 2021, 08:39:26 AM
 #74

for me, i don't think ethereum (ETH) can overtake bitcoin (BTC) in the marketcap, the gap between both of them are already too far, if we discussed about this in 2017, maybe i still think that it's highly possible, but for now, i don't think that ETH can reach the top and beat BTC in the near future, but still, we will not know until it's happening, so just wait for now, maybe the only way for ETH to overtake BTC is when they keep making a great project so that the price and the volume of ETH itself keep growing minute by minute.

Even in 2017 when it seemed possible, I always knew it would never happen until ETH decouples from Bitcoin (and it won't for a lot more years). It actually becomes more and more possible as time goes by though. Bitcoin will have been close to almost all mined in a few decades while ETH will have more and more supply with no cap. It'll happen, just only because it's logical. Unless BTC keeps going for $1 million that is!

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March 15, 2021, 09:49:26 AM
 #75

How long until this happens?
NEVER, NEVER, NEVER...

Ethereum Will fall even before taking at least half of capitalization of Bitcoin.

Look how harsh this coin from transacting ? the fee is almost the same as High in bitcoin or some chance it is even higher?

if this will not be resolved ? then ETH will die low within this year.









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March 15, 2021, 11:07:32 AM
 #76

How long until this happens?
NEVER, NEVER, NEVER...

Ethereum Will fall even before taking at least half of capitalization of Bitcoin.

Look how harsh this coin from transacting ? the fee is almost the same as High in bitcoin or some chance it is even higher?

if this will not be resolved ? then ETH will die low within this year.

101% agreed with you ETH is just an altcoin and no altcoin has potential to do this even in the mankind history. Who start that kind of topic he has very little knowledge about cryptocurrencies and don't what is BTC is real and what brings value to it.
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March 15, 2021, 06:14:52 PM
 #77

as one of the top coins, eth is very important for every user. because most users use eth in every transaction that is made.

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March 15, 2021, 06:18:37 PM
 #78

It will take an eternity- lol

Honestly, I believe ETH is a great coin, a great project with a great future but I don't think it will ever surpass the success of bitcoin as this market is mostly controlled by bitcoin.

look how big the market is, and how big also the dominant rate of bitcoin. https://coinmarketcap.com/

61.2% Dominant rate now, that's bitcoin => entire altcoins market.

Exactly. It's impossible for Ethereum to overcome Bitcoin, considering that the latter dominates the whole crypto market. While technically-speaking ETH is superior than BTC, it lacks first-mover advantage. The father of Blockchain tech (BTC) cannot be replaced by any other project as it's the one that started it all. Compare Ethereum and Bitcoin's market cap and you'll notice there's a huge difference between them. As long as the crypto market depends on Bitcoin as a reserve currency, ETH won't be able to stand a chance against it. You might as well forget about ETH replacing BTC, and focus on which projects make crypto/Blockchain land a better place.

Nonetheless, Ethereum holds good promise to decentralize the web as we know it. The project has been a widespread success since its inception back in 2015. In just 6 years after launch, ETH has been able to become the world's second-largest cryptocurrency by market cap. It may have its flaws, but it's still the best smart contract platform in the world. I see ETH growing alongside BTC for many generations. As long as it remains decentralized, there should be nothing to worry about. Bitcoin is and will always be the #1 cryptocurrency in market cap no matter how far its competitors reach in the mainstream world. Just my thoughts Grin

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March 15, 2021, 06:53:58 PM
 #79

as one of the top coins, eth is very important for every user. because most users use eth in every transaction that is made.

The fact that crypto users use eth does not mean that eth has overtaken Bitcoin or will. And the transaction fee that eth currently has, users have to pay a lot of fees for each transaction, which is very expensive. Those who are interested in transactions with so many fees may be too rich.

Eth will never overtake the marketcap of Bitcoin, I think. Because the price of eth up and down still depends on the price of bitcoin ৷

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March 15, 2021, 07:51:02 PM
 #80

The fact that crypto users use eth does not mean that eth has overtaken Bitcoin or will. And the transaction fee that eth currently has, users have to pay a lot of fees for each transaction, which is very expensive. Those who are interested in transactions with so many fees may be too rich.

Eth will never overtake the marketcap of Bitcoin, I think. Because the price of eth up and down still depends on the price of bitcoin ৷
If there is a huge investment coming into ETH and bitcoin is sitting dry then we might see the price rallying and in the cryptocurrency market you cannot make much sense for some of the rallies that are taking place and with that said i wont be surprised if there are huge investments coming in targeting the ETH market while neglecting the bitcoin market.
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