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Author Topic: Comparison of Bitcoin and Ethereum  (Read 220 times)
Oksana21 (OP)
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October 12, 2021, 04:25:32 PM
 #1

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin

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October 12, 2021, 04:47:02 PM
 #2

Define "better technology"?

Bitcoin is mostly optimizing for privacy, fungibility, and efficiency in general with Schnorr/Taproot, while Ethereum is currently being worked on to move out of proof-of-work. Now, I'd like to know how you think Ethereum has "better technology" despite both assets going in different directions, and with both assets created for different purposes in the first place.

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October 12, 2021, 04:59:33 PM
 #3

Do you see Ethereum falls recent days when Bitcoin rises?

Ethereum would have not gotten a price from $3,000 to $4,000 if Bitcoin had not break the 2017 All time high and soared to $64,000 months ago.
If you look at the chart of BTC and ETH, you will see Bitcoin got its new all time high first. Ethereum followed Bitcoin and got its all time high later.

Dates of all time high: Bitcoin at 12 April; Ethereum at 10 May

 
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October 12, 2021, 05:35:41 PM
 #4

... I think the price may catch up with BTC in the future, what is your opinion Grin
I think you should keep your uninformed opinion to yourself until you read more about Bitcoin technology and the upcoming upgrades like what mk4 said. You were probably fed with information coming from NFT and yield farming token boys.

You should also keep in mind the supply when you talk about price.
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October 12, 2021, 05:59:03 PM
 #5

... I think the price may catch up with BTC in the future, what is your opinion Grin
I think you should keep your uninformed opinion to yourself until you read more about Bitcoin technology and the upcoming upgrades like what mk4 said. You were probably fed with information coming from NFT and yield farming token boys.

You should also keep in mind the supply when you talk about price.

My opinion on this matter is that they should not be compared in the first place. The use case of bitcoin and ethereum are different from each other. And both of them are needed in this market.

Also, this is not the first time that btc and eth are compared with each other, and I think there are more threads discussing about these top 2 currencies. Reading those old threads will already give you insights how both are significant to all crypto users.

https://bitcointalk.org/index.php?topic=5281800.0
https://bitcointalk.org/index.php?topic=5311389.0
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October 12, 2021, 08:02:41 PM
 #6

The topic you're referring? from price aspect or tech aspect?

We all know for the price aspect, all-altcoin price is following bitcoin price because almost all pair trading activity is using "BTC" pair. If bitcoin not increase or gain momentum then the alt-coin will not increase, most factor why alt-coin can increase a thousand % is because bitcoin is gaining momentum.

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October 12, 2021, 08:20:16 PM
 #7

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin

No
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October 12, 2021, 09:10:16 PM
 #8

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin
No.

Look to the supply of both cryptos. Bitcoin has a lesser supply and it also has a lot of lost bitcoins forever so that adds up to the market cap and it will remain there forever.

Ethereum has a lot of supply and that's why it's going to change into a PoS. I don't see any catch up from Eth's price to btc's.

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October 12, 2021, 09:44:15 PM
 #9

In my opinion, both have an important role in the advancement of Blockchain. I think both deserve to be the main asset in our wallet. However, for now I don't think it's right to add those two coins to our wallet.
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October 12, 2021, 10:12:09 PM
 #10

Comparing a native coin like bitcoin that has different tech with ethereum was a non-sense thing. If you're looking for the perfect smartcontract platform and why didn't you go for binance or even polygon? Ethereum was so bad right now and it's the most expensive smartcontract chain. Bitcoin was not focusing on the smartcontract as it was a store of value. I think that you need to think again about that. Both were working differently. You're comparing apply and strawberry.
About the price if ethereum may follow or catch up bitcoin but it takes a long time. The inflation that happened in ethereum was so big compared with bitcoin. Once bitcoin reached its maximum supply and how can you think if ethereum can surpass bitcoin with its unlimited supply that's still being produced by the miners and then dumped it to the market. You must think it wisely.

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October 12, 2021, 10:15:07 PM
 #11

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin

We have lots of threads in regarding to this and some links too.

https://bitcointalk.org/index.php?topic=4488922.380
https://bitcointalk.org/index.php?topic=5311389.20
https://bitcointalk.org/index.php?topic=5281800.0
https://bitcointalk.org/index.php?topic=2214251.740
https://www.simplilearn.com/tutorials/blockchain-tutorial/ethereum-vs-bitcoin
https://www.investopedia.com/articles/investing/031416/bitcoin-vs-ethereum-driven-different-purposes.asp

Honestly speaking deep inside on which i cant really deny on how great smart contract is but still Bitcoin is still mainly supported
by the community.It is just enough when it comes to real use case.  Cool

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October 12, 2021, 10:26:58 PM
 #12

It has been discussed so many times here comparing the two leading cryptocurrencies and both of them which is good.
You are just like comparing these two fruits, orange, and apple which both are good.

For me, bitcoin is still the best technology and no one will change the code, it was created for the purpose of having financial freedom and is now worth it because we know everyone successfully achieving it. We cant compare them because they had pros and cons when it comes to the technologies used.
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October 12, 2021, 11:56:53 PM
 #13

Ok, I think OP needs to observe and monitor the flippening index: https://www.blockchaincenter.net/flippening/

To be honest, I don't think so this will happen even in the future, even with how beautiful and useful other cryptos are these days, Bitcoin will be always the number 1 for me.
If you take a look on the site I sent, only transaction counts and transaction fees (negative) are only flipped by Ethereum.

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October 13, 2021, 02:38:25 AM
 #14

Ethereum cannot be considered perfect yet. In 2017, the rise of the online game CryptoKitties resulted in a severe congestion of the Ether network, causing a sharp drop in transaction speeds and forcing game developers to increase fees. And the current solutions still do not meet the needs of everyone.

Scalability is one of the biggest problems of the Ethereum network today. The network is running using a proof-of-work protocol, similar to Bitcoin. However, Ethereum is undergoing an ambitious upgrade called Ethereum 2.0. Pessimists say cryptocurrencies are in a new bubble, just waiting to burst. Optimists, however, believe that things are different this time around, as cryptocurrencies are attracting growing interest from institutional investors.

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Ararbermas
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October 13, 2021, 10:40:40 AM
 #15

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin
actually yes it can reach the price of bitcoin in the future, but for sure if that time happens bitcoin is  ahead and maybe the price is approximately above 100k.. Because bitcoin growth rate is more faster than ethereum reason why it's now at that stage, and i believe if there's a chance in ethereum to surpass bitcoin price maybe it already happened before but seems impossible in my personal opinion..
wheelz1200
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October 13, 2021, 09:54:27 PM
 #16

In my opinion, both have an important role in the advancement of Blockchain. I think both deserve to be the main asset in our wallet. However, for now I don't think it's right to add those two coins to our wallet.

It's always a good time to add bitcoin to your portfolio.  There isn't one time someone bought where they wish they haven't.  Do you think the people who bought the top at $1k in 2013 are upset they didn't wait until it went down to $300?  Same thing here everytime is a good time to add!
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October 13, 2021, 11:09:20 PM
 #17

Bitcoin also have great technology with many developers support around it. Theres another Layer of Bitcoin that support fast transaction (Lightning Network), and another Layer 2 to support smart contract deployment. Meanwhile Ethereum still lagged because its High Gas Fee issue.

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cryptoperkele
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October 14, 2021, 01:07:49 PM
 #18

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin
No.

Look to the supply of both cryptos. Bitcoin has a lesser supply and it also has a lot of lost bitcoins forever so that adds up to the market cap and it will remain there forever.

I am pretty sure that OP was talking about marketcap, not price per coin. At least if he/she understands how valuation works.

Ethereum has a lot of supply and that's why it's going to change into a PoS. I don't see any catch up from Eth's price to btc's.

What are you even talking about? Supply or inflation wasn't a reason for movin from POW to Proof Of Stake. In fact that has zero to do with it even if ETH tokenomics have changed in 2.0 too. Changing to PoS was more for ideological / enviromental reasons.

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October 14, 2021, 01:28:28 PM
 #19

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin
Yes It's true that ETH have high quality better technology and smart contract And ethereum is being used in many cases. But on the other hand BTC have high security this is  better then ETH. BTC is the originator of cryptocurrency. People have learned to understand cryptocurrency because of Bitcoin. So in the case of any coin, it is not possible to leave Bitcoin behind.

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October 15, 2021, 12:20:02 AM
 #20

Because Ethereum has better technology and smart contracts, I think the price may catch up with BTC in the future, what is your opinion Grin

You're ignoring a lot of factors here.

Firstly, ETH has a larger circulating supply than BTC so it makes no sense to say that ETH will exceed BTC's price in the future even if their market caps do catch up.

Secondly, ETH and BTC serve completely different roles; ETH is a utility token that can be used in smart contracts and DeFi, whilst bitcoin is a store of value. So it's not like it's an "either or" situation here.
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