Lantind
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August 08, 2022, 03:59:52 AM |
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With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
I can say this is impossible, with PoS data, fixed Gas costs and maximum supply there is also no possibility that Etheruem will overtake bitcoin, Bitcoin and Ethereum user cases are quite different, overtaking you mean whether it relates to price, coin strength or number of users to usage one of them, because the price difference for the two coins is currently quite far, so price overtaking is not possible for now
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Minecache
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August 08, 2022, 03:59:52 AM |
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With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
I think converting Ethereum PoW to PoS will not work well for the future, because we know that Ethereum can be priced at $1000 like it is now because Ethereum is a lot of people like it, one of the advantages of Ethereum is mining and it is already being mined all over the world, if Ethereum switch to PoS, then what happens to the miners? A coin becomes more centralized and controlled by exchanges, sharks...I don't think it will take over bitcoin. ETH is an altcoin that has the same POW algorithm as bitcoin and is considered the most decentralized altcoins. The upgrade to POS is a positive for the ETH blockchain in terms of gas fees and network scalability, but it will be a major downside to becoming centralized, going against the cryptocurrency's slogan of decentralization.
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kamvreto
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August 08, 2022, 04:18:01 AM |
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It's possible but the thing that makes it quite impossible is you didn't think that once ethereum was going up and then bitcoin will be doing the same thing as well. Let's say that once ethereum will be increasing even faster than bitcoin just like 50% but bitcoin can also did 30% - 40% increase. that means the possibility for ethereum to surpass bitcoin is always there but it may become the most difficult task for ethereum. Merged and burn mechanism will not make ethereum instantly surpassing bitcoin in a few months or quarter.
that means bitcoin is still ahead and still the first. bitcoin affects all altcoins including ETH although eth is experiencing significant development. with ethereum 2.0 will certainly improve the ethereum blockchain which aims to increase the speed, efficiency and scalability of the ethereum network, so that it can process more transactions and reduce network congestion, this also makes fees cheaper. But remember that Bitcoin also has a Lightning Network and of course it will be faster in processing transactions and the fees are very cheap. Bitcoin is still king and still irreplaceable.
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Reid
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August 08, 2022, 06:19:19 AM |
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Your expectation is too high. I believe in Ethereum too but not going too far as taking over the King BTC. What will happen is, we will see the difference in POS and POW mechanism. Maybe this will be a good learning point for new investors and users of cryptocurrencies to compare the top coins in the market. Although, I still believe Bitcoin will be the first choice. Just the mere fact of how the market reacts whenever it is being pumped or dumped is the reason why.
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ice18
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August 08, 2022, 06:30:30 AM |
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If bitcoin will fail in the near future then possible eth will take over but looks this not gonna happen btc has the most secured network in crypto, If I were to ask to choose on this two coins I still choose the king Bitcoin, no explanation.
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edgycorner
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August 08, 2022, 06:53:00 AM |
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Maybe, anything's possible. In the current market the value of all coins is speculative. Cryptocurrency and bitcoin is yet to reach a point where its usefulness will be ubiquitous. And when that happens, technology will surpass speculation(opposite of the current valuation). Only in that future, ETH can become more valuable than bitcoin. Emphasis on "may", because ETH is on a very dark path of centralization and Vitalik treats ETH as his creation with full control over it. Hopefully BTC L2 network will shine in that future A truly decentralized payment network independent from banks and government which is capable of handling millions of transactions at any moment will win. Again, it may or may not be BTC itself or ETH or some other genius creation that will solve the blockchain trilemma
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cryptomaniac_xxx
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August 08, 2022, 06:57:35 AM |
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If bitcoin will fail in the near future then possible eth will take over but looks this not gonna happen btc has the most secured network in crypto, If I were to ask to choose on this two coins I still choose the king Bitcoin, no explanation.
And the main thing about bitcoin is it is decentralized, as compare to ethereum that is becoming centralized like every iteration they released. There are still a lot of consensus on ethereum in this community, it's pretty obvious. But I highly doubt that there will be a time that ethereum will become more recognizable against bitcoin in terms of it's popularity, hence the price flipping. Bitcoin has put some separation from the rest of the crypto and I think it will remain like that in the next decade of so.
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dlightag
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August 08, 2022, 07:31:32 AM |
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Bitcoin still remain as number one coin in the cryptocurrency market industries, which can't be compared with Ethereum. Every Alt-coin are created in difference purpose, which Bitcoin is superior to other Alt-coin in the cryptocurrency market.
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uneng
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August 08, 2022, 07:59:23 AM |
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I don't think it's possible. Bitcoin is unbeatable and unstoppable. There is no rival at bitcoin's height. If you want to compare ethereum to something it should be binance coin, then it will be a more proportional clash.
On the other hand, without any doubts ethereum hasn't reached its full potential yet. There is a lot to grow in the near future. The fact is that bitcoin also has a lot to rise too. It means both of them will gain value, but keeping the same distance from each other.
I believe it doesn't matter if you trust more btc or eth, since you believe at least one of them. Personally I would heavily stick with bitcoin, though.
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|MINER|
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August 08, 2022, 08:10:16 AM |
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If you ask me that question, I would say that your expectation is too high. I think Etherium never can take over btc and I also think Ethereum can be replaced by someone else. Currently, if Ethereum would take over Bitcoin, it price have to be increase about 13.73x. I also think for the dominance of bitcoin it also not possible on future. I would like to say that as gold and silver can never be one and also silver can never take over gold, just like Etherium can never take over bitcoin. That because they each have specific purposes and features
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blockman
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August 08, 2022, 08:25:22 AM |
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With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin?
No. Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
Every time we see an update from Ethereum or any other top cryptocurrency, there's always this thinking and question if it's possible to replace bitcoin as the top crypto in the market. Let's say that there are valid arguments talking about obsolete technologies being left behind and they're comparing it to bitcoin. But if we look at the fundamentals and usability of it, bitcoin is far from being obsolete so let's stop thinking about it that it is going to be replaced.
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dansus021
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August 08, 2022, 08:27:22 AM |
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I don’t think Eth can takeover BTC. I mean , I have often seen people claiming that using of ETH is more complicated due to it’s separate blockchain and smart contracts etc. On the other hand BTC is as simple as that. We can also compare BTC and ETH popularities and marketcap. These shows how more people are attracted towards BTC. Moreover BTC are limited in supply, this drives more people crazy about Bitcoins and hence they are fond of storing or buying more BTC than ETH. So I don’t think OP, it never gonna happen.
Yep I do agree with you I know eth is be super crazy right know but remember that eth is infinite supply even they have smart burning mechanism too. and not just that bitcoin have segwit address that drive fee cheapest and have lightning network that might be adopt by big exchange and fast too
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$anounimus$
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August 08, 2022, 10:07:09 AM |
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With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin?
If we look the two main differences between Ethereum and Bitcoin are fees and scaling. I honestly think the answer to this question will depend a lot on what happens to Ethereum's initial coin offering model and its chain splitting into several competing cryptocurrencies. If the current state of innovation creeps into the mining model, I see Ethereum being able to overtake Bitcoin prices at some modest point and even then I'm not wrong, and for Ethereum itself right now it could work wonders to change the crypto world going forward for the better.
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Ziskinberg
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August 08, 2022, 11:49:22 AM |
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With PoS coming and Gas fee finally getting fixed do you think that Ethereum is capable of overtaking bitcoin? Oh also there will be max supply for Ethereum finally too, or is this expectation of mine way too high.
PoS and Gas Fee? Nope, I'd never weigh these things as a reason for ETH to dethrone Bitcoin, not a single chance. I guess you need to analyze the market so well. In fact, as you can see altcoins are still reliant on Bitcoin, it dominates the market since the beginning, and to think it will change someday, I would say NO. Investors are much preferred to invest in Bitcoin and even these newcomers. ETH has its own purpose and a market role which is different from Bitcoin. Tried to consider that ETH is not competing with Bitcoin and it remains in the 2nd rank next to it.
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kojektea
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August 08, 2022, 12:47:34 PM |
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I think it's still impossible to replace bitcoin's position. Bitcoin is the main thing when we get to know other coins and all cryptocurrency community has always believed in bitcoin. But you don't have to be sad if you invest in ethereum. ethereum is also not inferior in utility to bitcoin, ethereum can be said to be the coin of the future because of its many uses.
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vEmpire.dDAO
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August 08, 2022, 01:16:24 PM |
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ETH is soon to go to proof of stake so that will be [pretty interesting to see what happens after the transition - as ETH blockchain is getting more and more popular as it is easier to use maybe we will see a big transition of crypto users? We will have to wait and see a few more months we guess.
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bonyaserg
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August 08, 2022, 01:26:16 PM |
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At the moment, Ethereum will not be able to overtake Bitcoin. Even for a very simple reason. Bitcoin was one of the first coins on the cryptocurrency market. And now this coin is one of the most important. Since the Bitcoin coin is a great source of income for many users, and crypto enthusiasts showed the greatest interest in it, who doubled their income by 1000 times. And now no one wants to lose their money. And now Bitcoin will always be the most promising coin.
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rugrats
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August 08, 2022, 01:46:51 PM |
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If bitcoin will fail in the near future then possible eth will take over but looks this not gonna happen btc has the most secured network in crypto, If I were to ask to choose on this two coins I still choose the king Bitcoin, no explanation.
Currently bitcoin is still dominant in terms of market capitalization, if bitcoin fails then everything will collapse, there is no chance for any coin including ETH. But it's almost impossible, ETH is really a good altcoin but looking at the past 10 years it's always been in 2nd place, never been able to overtake btc from market cap to adoption widely accepted.
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JohnBitCo
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August 08, 2022, 02:05:54 PM |
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At the moment, Ethereum will not be able to overtake Bitcoin. Even for a very simple reason. Bitcoin was one of the first coins on the cryptocurrency market. And now this coin is one of the most important. Since the Bitcoin coin is a great source of income for many users, and crypto enthusiasts showed the greatest interest in it, who doubled their income by 1000 times. And now no one wants to lose their money. And now Bitcoin will always be the most promising coin.
Even in the future, it is impossible for Ethereum to take over Bitcoin in terms of market cap and popularity. Since bitcoin is the first crypto currency, with no active owner and limited supply will always make it stand out among all other cryptocurrencies including Ethereum. Bitcoin is truly decentralized.
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bitzizzix
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August 08, 2022, 03:56:19 PM |
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No one can predict exactly whether it will happen or not, but considering bitcoin took several years to reach its peak price. Ethereum hasn't even hit the 10k threshold yet, it's hard for me to imagine that kind of growth spurt. bitcoin or ethereum have never been in the ranking of direct competitors, and bitcoin is understood as a payment system, whereas using tokens to implement smart contracts. and if we talk about market cap, popularity and also can store value no doubt, bitcoin is still the king of crypto.
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