Bitcoin no longer relevant?

[SmallCapCoins]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

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[kotajikikox]

Is Ethereum and other altcoins taking over and replacing Bitcoin?

First , where did you get this Crap? do you have even some basis for asking this? Ethereum and other altcoins ? just because Ethereum made another ATh and staying strong?

Mind looking at Bitcoin price now?  
Bitcoin

BTC = $56,153.97
   
market cap = $1,050,223,659,654

volume = $56,723,678,620

it strongly holding the 50 thousand level up to now.

If so, how fast will this happen?

Never will be faster because before you knew it? bitcoin had already make another ATH and you are failed in this belief.

[NeuroticFish]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

There are a lot of delusional dreamers on altcoin discussions hoping that this will happen. If you think the same, better go discuss with them there.
I think that it won't happen in the next 10 years, at least.

[btc_angela]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

Nah, bitcoin is still on top of the food. Let me give you some background, in 2017, there was this so called "Flippening" - others thought that Ethereum will take over against Bitcoin, didn't happen. And then the "Rippening", Ripple supposedly the new dominant coin, but again, they just make some noise, and still Bitcoin remains the top 1.

Not many are using Ethereum because it is worst than Bitcoin as far as transaction confirmation time, fees are way high for average Joe. What you are seeing on Ethereum is that they will be coming up with a new proposal, (Ethereum Improvement Proposal) EIP 1559 package in London fork, that's why there are a lot of FOMO right now.

[crwth]

It can never be irrelevant knowing that it's the actual market. Imagine that you need to buy BTC (ideally) to get involved in crypto to avail another type of crypto. Yes, you can get different coins directly, but most people would understand that if one person says they want to get involved in the crypto space, it's "BTC," which comes up to mind immediately.

Look at the different markets in different exchanges, and there is their market with their coin, BTC markets, and other relevant pairs for you. It's almost always going to BTC.

For BTC maximalists, it's not going to work, and it's always going to be number 1, and I don't think it's going to happen anytime soon. With the scarce supply and characteristic to HODL, the investment makes it even more valuable.

Just HODL BTC and HODL other coins but remember that BTC is always going to be relevant.

[stompix]

Is Ethereum and other altcoins taking over and replacing Bitcoin?

Stop looking at irrelevant crap like that market cap dominance bitcoin went down to 37% in 2018, it dropped to 32% in 2018 and there was no flippening whatsoever,  neither against ETH nor BCH, now with a hundred thousand altcoins with fake market cap generated by low volume or stable coins and it's still the same story.
Everything that counts is done with Bitcoin, the others are at crypto kitties level and struggling to do anything remarkable.

Ethereum needs to reach 10k with BTC staying the same to have a chance, where do you think 1,2 trillion are going to come from?

[MrcMrc]

 I guess you should just lock this thread because is irrelevant to the bitcoin discussion thread, how on earth can you say ethereum and other altcoins are taking over bitcoin in terms of price, Ethereum may do a new all-time high but that does not warrant this statement.

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

[mk4]

Name an altcoin that actually has at least a small chance into taking over and replacing Bitcoin. I'll wait.

As for Ethereum, they aren't even in the same category. Both are trying to do different things.

[Yaunfitda]

Is Ethereum and other altcoins taking over and replacing Bitcoin?

I'm not sure if you are trolling or what, but bitcoin is the prime mover of crypto and even Ethereum will not over take it. Just because Ethereum is pumping so hard to $3k that it has a chance, and I don't know what do you mean that bitcoin is no longer irrelevant, you can look at the price of it, all time high of $64k and chances that it can break 6 digits this year.

If so, how fast will this happen?

Again, not gonna happen, sorry to burst the bubble for you.

[Lorence.xD]

Name an altcoin that actually has at least a small chance into taking over and replacing Bitcoin. I'll wait.

As for Ethereum, they aren't even in the same category. Both are trying to do different things.

OP thinks that Ethereum can replace just because these cryptocurrency are surging lately. I guess is just spreading FUD because OP is bitter that he/she didn't profited a lot from bitcoin so OP tries to tell others that bitcoin is bad so OP will have some people to share misery with.

[online73]

Hello everybody. As long as the cryptocurrency is relevant, Bitcoin will always occupy the relevant and first position. How many years have already been created new, possibly more advanced coins, but Bitcoin does not give up its positions, even in the bull market, even in the bear market. Look at what cryptocurrencies the media write about - all over the world the word cryptocurrency is associated with the word Bitcoin. And what kind of loss of relevance of Bitcoin can we talk about here?..

[GreatArkansas]

If you will check this site: https://www.blockchaincenter.net/flippening/

It will help you to analyze how Ethereum is outperforming Bitcoin or Bitcoin outperforming Ethereum, it is a flippening index for Bitcoin vs Ethereum.
A lot of data there for Bitcoin and Ethereum. One of the most important there is the market cap, still, 37% for Ethereum to be able reach Bitcoin's market cap. Not even 50%.

[blockman]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

No way. How many threads were there about tackling if Ethereum and other altcoins will replace before? I think there were so many of them. @OP, how come you have thought of Eth and alts will taking bitcoin's place?

[ultrloa]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

Says who? Do you ever see bitcoin drop down at rank 2? I don't see that come since if you look at the situation on the market when bitcoin price dump almost all alts dump to including that ethereum or other what coin you support.

So don't believe on take overs for now since there are so many things need to happen, but those bad things seems not yet to come since bitcoin is getting more stronger and stronger with good adoption announced every year.

[Rikafip]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

As everything in crypto happens in cycles, so its the same case with this ETH and other altcoins price increase. Back in early 2018 BTC dominance fell to 38%, and eventually it went up above 70% again. Now we are seeing the same thing, BTC price is going sideways for some time, that gives alts more room to breathe, therefore decreasing BTC dominance which is currently approximately 48%.

So, even if BTC dominance falls below 40%, it doesn't mean that BTC is not relevant anymore, it is just a cycle and sooner or later people will take the profits from their alcoins and put it back into BTC, which is much safer in the long run.

As for Ethereum, they aren't even in the same category. Both are trying to do different things.

Exactly this, ETH and BTC can perfectly coexist as you said they are trying to do different things.

[BlackHatCoiner]

Is Ethereum and other altcoins taking over and replacing Bitcoin?

What do you mean to “replace” it? What is Bitcoin to be “replaced”? That it'll stop being the #1 on market cap or that people will stop using it? Because I highly doubt for both. Bitcoin was the first one, it was the one that started this technology.

I'll quote you a nice part of the nullius' Social Phenomenon:

People who disagree with each other about everything else, can agree about Bitcoin.  That is what gives Bitcoin its value:  Everybody wants Bitcoin, no matter what their opinions about anything else!

Besides the above, there are others more practical reasons why Bitcoin will always be the default one. It is the most decentralized one, with no premined coins (such as with Ethereum) and with a dedicated developing team.

And as said by others, you shouldn't be comparing Ethereum with Bitcoin since they're solving different problems. It's like believing that oranges will replace apples, because oranges taste better to you.

[virtualdn]

Yes it is no longer relevant. Go buy Dogecoin and make Elon Musk and all the Dogecoin pumpers happy.

[ALLON2017]

I just paid $36 to transfer $220 worth of Bitcoin, what a f**ken joke. I hope it does become irrelevant

[bosede1]

Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?

"Bitcoin not relevant"? I want to know which point and rate to which this was said because I was just trying to wrap my head around this write-up and I couldn't get your point and basis. Ethereum and other altcoins have taken over no way

[virtualdn]

I just paid $36 to transfer $220 worth of Bitcoin, what a f**ken joke. I hope it does become irrelevant

I don't mind paying $100 to transfer $50K. BTC it's a store of value like gold. For small transactions use Paypal