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Author Topic: Eth could take over BTC or not  (Read 1066 times)
pawanjain
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August 08, 2022, 04:34:55 PM
 #41

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.

That's a question many people have asked several times over the decade and the answer is quite simple.
For the time being ETH cannot over take BTC in terms of price and marketcap.
But we don't know about the future so "may be" if things go in the favor of ethereum then there are some chances for it to over take BTC.

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August 08, 2022, 04:44:54 PM
 #42

For the next few years, there is no possibility that Ethereum can replace Bitcoin, if you look at the buy and sell prices, the two coins are very different, not to mention the development pattern and strength of the two coins, they may overtake the number of users, not in terms of price or stability.
This is something that is unlikely to be done in the near future, because people's belief in the two coins has different understandings



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August 08, 2022, 05:04:57 PM
 #43

I didn’t believe it can happen . bitcoin is World first cryptocurrency and must trusted . many people now hold btc as a strong assets . so i mean it is not possible for eth to overtake bitcoin. in the next couple of years btc will increase marketcap and price also . so eth will not able to overtake btc in any way

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August 08, 2022, 05:14:14 PM
 #44

Ethereum will never be able to overtake Bitcoin.  Bitcoin is the king of all coins in the cryptocurrency market.The value of Ethereum and the value of Bitcoin are many paths. Bitcoin is also continuously increasing.Even if bitcoin goes down, ethereum won't increase to bitcoin.Bitcoin is not that easy to capture and is not likely to be in the future. Bitcoin and Ethereum are two coins in a different position, they are more and more different.Both coins are good but therefore Ethereum will never replace Bitcoin.
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August 08, 2022, 05:49:15 PM
 #45

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.
For starters, you would have to specify what parameter we are comparing by in order to talk about whether it can eth overtake btc. Since you haven’t specified this, I’ll go through the values that come to my mind in order.

Price and total capitalization - I see no reason for eth to dominate over btc here.
The number and price of transactions - I assume that with a decrease in gas fee, the number of transactions in eth network will exceed the same parameter in btc network due to cheapness.

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August 08, 2022, 06:14:00 PM
 #46

Some popular YouTubers are saying the same thing, Ethereum is going to beat BTC only in returns not over ranking, just because ETH is going PoS and this upgrade will introduce cheaper transaction fee doesn't mean it will defect Bitcoin, to me its near impossible.

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August 08, 2022, 06:36:58 PM
 #47

Some popular YouTubers are saying the same thing, Ethereum is going to beat BTC only in returns not over ranking, just because ETH is going PoS and this upgrade will introduce cheaper transaction fee doesn't mean it will defect Bitcoin, to me it's near impossible.
It will be hard for Ethereum to reach the milestones and achievements that Bitcoin has reached. There were already lots of coins that attempted to beat Bitcoin but none of them succeed. Bitcoin is the most trusted coin and we can't deny the fact that most investors prefer buying it over other coins. That's also the reason why it's always on top. Ethereum has a very huge potential yet still has a lot to prove.
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August 08, 2022, 07:05:09 PM
 #48

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.
Even if Ethereum is soon to adopt improvements on its own network, but i always believe that bitcoin will stay dominating the whole crypto market system. Aside from the fact that bitcoin is the most secured crypto asset, its value is quite more tempting than the rest of the coins in the market. So even if ethereum issues will finally be resolved and people will find it now affordable, bitcoin will always gain the spotlight in the market and will always be the people's most favorite coin to invest.

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August 08, 2022, 07:16:32 PM
 #49

I'm still wondering how possible will ethereum overtake bitcoin, comparing the price of bitcoin and ethereum,  bitcoin price is much higher than ethereum by far. Comparing the demand of bitcoin and ethereum, bitcoin has much demand so I don't know how ethereum can possibly over take bitcoin.
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August 08, 2022, 07:16:53 PM
 #50

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 in tes of how high eth could gain on bitcoin we already saw that high.  Next bullrun I think bitcoin lengthens the bitcoin dominance number.  Too many real competitors for eth now, when in the past there wasn't any good viable ones.

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August 08, 2022, 08:03:26 PM
 #51

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.
Did they say that gas fees will now be fixed and lowered after the update? I haven't seen that. Maybe this was the same as last updates they had. They only gave people a false hope but if let say fees are now going to be normalized, I still don't think that eth can overcome bitcoin because if it's possible then it already happened before when the fees in eth are still very cheap. Eth is a good coin but fees is the main issue on why many won't use the coin now.

Another thing to expect is you said the supply of eth is now going to be fixed just like in btc? Well that's cool and that's a game changer for eth but sorry ill still stick to my vote. Btc is still the beast.

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August 08, 2022, 08:16:45 PM
 #52

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.
everyone has the right to have high expectations. but one thing we must remember that no one will be able to take over the position of bitcoin. although ethereum will release 2.0 with all the advantages but it will not rule out the possibility that ethereum will replace bitcoin's position.
we all here also know that the first crypto was bitcoin and all have acknowledged it.
however, it is possible that ethereum will be the second best coin after bitcoin and maybe its price will be half of the price of bitcoin

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August 08, 2022, 08:28:32 PM
 #53

I don't think ETH can take over BTC.  I even think ETH will move down from the top 2 and be overtaken by more worthy altcoin.  The merge removes miners that which is the foundation of valuation of ETH.  As the mining requirement for a new coin of ETH become cheaper, the price of ETH will definitely become cheaper.  That may be the possible setback of making ETH POS, of course, ETH will experience a price increase during the implementation of the merge but eventually, I believe the price will find its place for ETH.

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carlfebz2
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August 08, 2022, 08:35:30 PM
 #54

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.
No one knows if ETH would able to manage on overtaking BTC in terms of overall marketcap and dominance in the market but to know that btc is the king of crypto then it would really be that hard to believe that

it could happen easily considering the community that mainly supports bitcoin is vast and big which it would really be hard that it would really be getting lesser support once ETH would becoming POS nor does fix
its gas fee issue.
I could say that it is really a very big improvement for ETH but i dont think that this would really be enough for it to replace bitcoin into its throne but well everything is a possibility
but this is something hard or almost impossible to happen though.

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August 08, 2022, 08:41:32 PM
 #55

It's too difficult for bitcoin to be replaced by ethereum to become the number 1 coin, bitcoin has become the destiny of all investors who believe in bitcoin and because no one can control bitcoin, I believe it. and not the reason ethereum will migrate to ethereum 2.0 at a cost will be cheap and will quickly replace bitcoin, the question is not strong enough to knock down bitcoin

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August 08, 2022, 08:52:06 PM
 #56

Some popular YouTubers are saying the same thing, Ethereum is going to beat BTC only in returns not over ranking, just because ETH is going PoS and this upgrade will introduce cheaper transaction fee doesn't mean it will defect Bitcoin, to me its near impossible.
That's right! Beating BTC is almost impossible, look at the BTC market cap that is dominating them all and the gap is too far. If ETH goes up, BTC will not stand still, and we should not forget that the market only rises and grows as bitcoin goes up. ETH is about to move to POS remains a question mark for the future of this leading altcoins. It has not yet been confirmed that the upgrade will make it stronger, and there are varying opinions regarding it.

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August 08, 2022, 08:55:59 PM
 #57

I'm still wondering how possible will ethereum overtake bitcoin, comparing the price of bitcoin and ethereum,  bitcoin price is much higher than ethereum by far. Comparing the demand of bitcoin and ethereum, bitcoin has much demand so I don't know how ethereum can possibly over take bitcoin.

OP is asking a question that he already knows the answer to, he knows that the question of BTC and ETH is not just limited to price and transaction fee and the question of which currency has more features. Bitcoin is something decentralized, it has an anonymous creator so people feel more secure that when they buy bitcoin they can sleep peacefully that the next day they will not be surprised by things like: " the creator of bitcoin said he no longer believes in the project so he will sell all coins that have ", with bitcoin you don't have this thing, but in the case of ETH and all altcoins have this dark side and that's scary

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August 08, 2022, 10:07:56 PM
 #58

eth so far has always been heavily influenced by btc, so i doubt it could ever take over btc in the future.
there's always chance for eth to take over, though so far btc has always succesfully increase its dominance whenever there is rally coming for btc.
meanwhile eth always fight with other smart contract coin & alts in general like BNB.

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August 08, 2022, 10:11:30 PM
 #59

Well, of all the altcoins in the market ETH is the closest to BTC, yet still way too far against BTC. No matter how much improvement they bring with their project, Btc cannot be dethroned. Simply because majority of crypto in the market paired their value with Bitcoin. Also, most people do trust Bitcoin than any other alts in the market in a long term aspect.
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August 08, 2022, 10:24:44 PM
 #60

I'm still wondering how possible will ethereum overtake bitcoin, comparing the price of bitcoin and ethereum,  bitcoin price is much higher than ethereum by far. Comparing the demand of bitcoin and ethereum, bitcoin has much demand so I don't know how ethereum can possibly over take bitcoin.

OP is asking a question that he already knows the answer to, he knows that the question of BTC and ETH is not just limited to price and transaction fee and the question of which currency has more features. Bitcoin is something decentralized, it has an anonymous creator so people feel more secure that when they buy bitcoin they can sleep peacefully that the next day they will not be surprised by things like: " the creator of bitcoin said he no longer believes in the project so he will sell all coins that have ", with bitcoin you don't have this thing, but in the case of ETH and all altcoins have this dark side and that's scary

What will happen to Ethereum if Vitalik Buterin announces his departure from the project, it will not cause eth to die completely but it will be a huge storm for eth, possibly sending eth into free fall.

What we love most about bitcoin remains its completely decentralized nature, something that even no other coin on the market can do. It's really impossible for ETH to take over btc.

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