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Author Topic: Bitcoin and Ethereum Dominance  (Read 372 times)
Wildwest
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June 23, 2022, 11:40:07 PM
 #41

We can't say yet that ethereum will soon be able to dominate bitcoin, and I think it will still take a long time for ethereum to catch up with bitcoin, since the first existence of the crypto world and until now bitcoin is still the king of all coins, and its value is already very high when compared to other coins including ethereum, so until now there is no fight that has occurred between the two coins, and all are still followers of bitcoin.


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June 24, 2022, 01:55:43 PM
 #42

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
As if they are fighting as they can be even perfect match for wise crypto investments. Bitcoin will always take the lead and influence the price of ethereum, and the rest of the altcoins. And i don't see possible reasons that ethereum will be the most prominent crypto asset because its more used as a smart network that crypto projects are mostly based, and that bitcoin is always the top investment for all wise investors.
People who think that Ethereum will beat Bitcoin and be on top will always be there,
but I myself also see Bitcoin will still be the king of crypto and I never doubted it,
I honestly think such things are not up for debate and let's see in the future later
For a long time ethereum supporters have claimed that ethereum is going to replace bitcoin at the very top of the market and become its new leader, but I think there is not chance of this happening at all, and this is because even if there is a great deal of people that trust ethereum, at the same time it does not compare at all to the number of people which support bitcoin and that are not interested in holding any coin other than bitcoin.
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June 24, 2022, 02:12:07 PM
 #43

In utility Ethereum has outperformed bitcoin. It's just that bitcoin is always considered no. 1 because of people's belief that cryptocurrency was created by bitcoin. If it is said to be king, I believe bitcoin will remain strong in the first position even though it has lost utility or even has less dominance than ethereum. We need great trust from society for etehreum in order to compete with bitcoin and replace it as the new king.

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June 28, 2022, 05:24:14 PM
 #44

In utility Ethereum has outperformed bitcoin. It's just that bitcoin is always considered no. 1 because of people's belief that cryptocurrency was created by bitcoin. If it is said to be king, I believe bitcoin will remain strong in the first position even though it has lost utility or even has less dominance than ethereum. We need great trust from society for etehreum in order to compete with bitcoin and replace it as the new king.
It is not a belief that the market of cryptocurrencies was created by Satoshi and his bitcoin invention, that is a fact, also ethereum supporters claim that ethereum has surpassed bitcoin in its utility but why is that the case? Just because hundreds of useless coins are running above ethereum? We do not really need those coins as the majority of them could disappear and the only ones that will care are the ones that invested in them, bitcoin still offers superior utility because it is actually used to buy stuff that we need, something in which ethereum is far behind bitcoin.
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June 28, 2022, 05:52:09 PM
 #45

Bitcoin still remain the king among the cryptocurrencies because the price is still more stable in the market compare to Ethereum which the price is still struggle to increase for their customers to make a good profits. Many people still prefer Bitcoin investment than Ethereum investment because Bitcoin can dump today and within a minutes it will increase higher in a way were people will start making a profits from their daily investment. Ethereum is not demonstrating any green light yet which their customers are very worry about the current price in the market.

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June 28, 2022, 05:54:15 PM
 #46

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

I don't see an ongoing fight between these two as you have mentioned. Both have different utilities. BTC is the Pathfinder and obviously the biggest cryptocurrency. ETH on the other hand is the biggest layer one protocol.
 So, I don't see how ETH is coming closer to BTC. Is it in dominance or in utilities?


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June 28, 2022, 07:48:32 PM
 #47

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
I think its never possible for now because bitcoin still shows its dominance despite of the big crash in the market. And besides, bitcoin and ethereum are not in a competition, they can be even great partners in an investment with bitcoin and the most potential altcoin in the crypto market. And the fact that bitcoin serves as a currency while ethereum serves as a smart platform, then these two are not meant to compete with each other.
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June 28, 2022, 08:38:53 PM
 #48

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
I think its never possible for now because bitcoin still shows its dominance despite of the big crash in the market. And besides, bitcoin and ethereum are not in a competition, they can be even great partners in an investment with bitcoin and the most potential altcoin in the crypto market. And the fact that bitcoin serves as a currency while ethereum serves as a smart platform, then these two are not meant to compete with each other.

I don't think Bitcoin and Ethereum are competing, but they are complementary. Therefore both Bitcoin and Ethereum are the safest
for long-term investments, because Bitcoin and Ethereum are the most trusted crypto by many investors. After all Bitcoin was the first
crypto created, and Ethereum always follows the movement of Bitcoin, meaning that Bitcoin will always dominate the market and it is
impossible for Ethereum to beat Bitcoin's dominance. So Bitcoin is indeed the king of crypto and is almost impossible to beat by any coin.
Therefore, since Bitcoin first appeared on the market until now, Bitcoin is always at the top of the rankings and is always the best choice
for investment. In fact, many projects have been created to beat Bitcoin, but all have ended in failure. This means that Bitcoin is too strong
to beat, therefore Ethereum will always be second in the crypto world.

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July 01, 2022, 06:21:57 PM
 #49

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?

I don't see an ongoing fight between these two as you have mentioned. Both have different utilities. BTC is the Pathfinder and obviously the biggest cryptocurrency. ETH on the other hand is the biggest layer one protocol.
 So, I don't see how ETH is coming closer to BTC. Is it in dominance or in utilities?


Long time ago, bitcoin and ethereum were seen as rivals by their different communities and there was a time in which ethereum got really close to surpassing bitcoin in terms of its market cap and dominance, but since then the distance that separates the two has enlarged to the point that it is a mistake to think of both of them as competitors, each coin is designed to do something different and they are pretty good at what they do, so I think the same as you do and I do not see any kind of battle for the dominance of this market at all.
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July 01, 2022, 06:50:12 PM
 #50

Bitcoin will always be leading the cryptocurrency market. There's no doubt about this. I think that you are missing the main point here if the dominance was not everything and did you know that ever when ethereum has taken bitcoin's place but bitcoin was coming back again to grope it. This problem already repeated so many times and dominance is still nothing. Both were still owning majority of domination in the cryto. If both can co exist and why do you need to talk about this?


True and I understand but Looks like The Merge will bring big changes for Ethereum, its fundamentals are getting stronger and if I'm not mistaken Microsoft is one of the Ethereum investors https://t.co/9YElQU0N3t

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July 02, 2022, 03:12:58 AM
 #51

For me the domain will always have BTC, no matter how much ETH is weighing, ETH as well as any other altcoin will always be or will be at the mercy of what BTC does, for my BTC when it recovers the one that mostly follows it in growing is ETH, and sometimes ETH grows in such an impressive way that it produces a large percentage of profit, for those who like ETH, I would say that it is a good time to buy, but with moderation because it is very likely that BTC could fall a little more, it is not known, but we have to think even in the worst case scenario. So since BTC is the king, it is the one that dominates and the ETH is the one that follows.

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July 02, 2022, 03:18:29 AM
 #52

Even though the domination of Ethereum over Bitcoin in crypto market is possible, I don't think it will likely happen in near future. Bitcoin has already the leader in adoption all over the world, while Ethereum still has huge main issue with their gas fee, not to mention other platform similar to Ethereum that also has grown so much.

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July 02, 2022, 03:30:35 AM
 #53

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
I don't think that BTC and ETH will stay in the top 10 in 2023. There are so many better projects that have been released since Bitcoin was founded and the tech just hasn't been able to keep up with things like Hedera and Candle Chain. Newer chains remedy all of the problems older chains had, like slow transactions and high gas fees and they add more utility, like enterprise usecases.

If BTC and ETH are no longer in the top 10 on CMC by 2023, which coin do you think will replace them?. Are you dreaming?. Yes, there are a lot of new projects coming out and they have faster speed, cheaper gas fees but since 2013 till now you have seen which coins are still alive till now like bitcoin and etherum, or they are very good but then they die or are replaced by a new altcoin after each bear cycle.

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July 02, 2022, 03:50:08 AM
 #54

I'm a fan of both Bitcoin and Ethereum. I cannot see any competition between the two in terms of dominance. Bitcoin will forever remain to be the most dominating cryptocurrency. Ethereum will also remain the second most dominant, but it's level is not at all threatening to Bitcoin's dominance. Ethereum remains at less than 20%. It will probably remain like that even with all the upgrades of the Ethereum network. Or even if it rises it cannot overtake Bitcoin's.
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July 02, 2022, 04:54:43 AM
 #55

Bitcoin and ETH are the 2 most influential coins, if they are both red then we can be sure the other coins will be red or vice versa, this is natural because investors always see and make these 2 coins for short-term or long-term investments, and I also don't hesitate to hold the 2 coins.
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July 02, 2022, 05:01:21 AM
 #56

Bitcoin and ETH are the 2 most influential coins, if they are both red then we can be sure the other coins will be red or vice versa, this is natural because investors always see and make these 2 coins for short-term or long-term investments, and I also don't hesitate to hold the 2 coins.

Both have never been suitable for short-term strategy, bitcoin and ethereum are two coins with long-term growth vision. How will you profit from holding them in the short term, which is impossible.
If you want to find short-term profit, you should invest in shitcoin, meme projects. there will always be hype and rapid disappearance.
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July 02, 2022, 05:31:59 AM
 #57

The fight between Bitcoin and Ethereum dominance is very interesting to follow and we all know Bitcoin has always dominated the cryptocurrency market and for now it looks like Ethereum is getting closer to Bitcoin and Ethereum Supply will deflation decrease -2% a year after The Merge proof of stake later. Will a new king of the cryptocurrency market willcome?
I still believe bitcoin's dominance will still outperform other coins. Although ethereum has the potential to rise, it still cannot replace bitcoin. Perhaps ethereum will remain king in altcoins while bitcoin will remain king in cryptocurrencies.

With the supply of bitcoin decreasing yearly, it will make bitcoins even more scarce. While many people put their hopes in bitcoin, this is probably what has made its price soar in the years to come.

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July 02, 2022, 06:52:08 AM
 #58

Will a new king of the cryptocurrency market willcome?

The new king of the crypto market is not coming. Bitcoin is often compared to Ethereum and various predictions are made about the future of these assets. But these coins were initially positioned as completely different projects from each other and there is no point in considering them as competing products. Ethereum has already confidently taken its second place in the market and will remain so. Ethereum is the basis of blockchain products and the main foundation of the modern blockchain industry, while Bitcoin is an exchange investment asset.
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July 02, 2022, 07:39:43 AM
 #59

Will a new king of the cryptocurrency market willcome?

The new king of the crypto market is not coming. Bitcoin is often compared to Ethereum and various predictions are made about the future of these assets. But these coins were initially positioned as completely different projects from each other and there is no point in considering them as competing products. Ethereum has already confidently taken its second place in the market and will remain so. Ethereum is the basis of blockchain products and the main foundation of the modern blockchain industry, while Bitcoin is an exchange investment asset.
Bitcoin is the most superior king among other coins, there will be no other king coming to take his place, Bitcoin and Ethereum are indeed the two coins that are always talked about and between them are often compared, although now Bitcoin is declining and the movement of ethereum is slightly up and for sure Ethereum will not be able to replace Bitcoin.

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July 02, 2022, 07:43:46 AM
 #60

Bitcoin and ethereum have dominated the market since 2016, ethereum's main strength is being the parent coin of thousands of defi, nft and DEX projects thus creating a heavy dependence on ETH, when transaction fees increase but do not make users run away from ETH.

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