Vaculin
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August 08, 2022, 10:30:50 PM |
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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.
Maybe your expectations are just too high OP that you forget to weigh things right. First, bitcoin will always be the future of the crypto market, and that everything around goes to rely with bitcoin. Next, bitcoin is always has the highest value and so has the most valuable returns, so its always the people's best choice for investment. Although ethereum has its own bright future in the market because of its own high utility cases, but it will never reach to the point of overtaking bitcoin no matter how its network will be improved soon.
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cheezcarls
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August 08, 2022, 10:33:21 PM |
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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.
There's no way ETH could overtake the almighty Bitcoin. No matter if the features have been upgraded or improved from PoW to PoS, market cap, trading volume, etc., it's still treated as an altcoin (I mean a top altcoin) and will forever be behind Bitcoin (unless XRP might make moves like the last time it overtakes ETH a few times).
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WalkerIVIV
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August 08, 2022, 11:01:20 PM |
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I'm sure that ETH with its PoS and gas fee solved isn't enough to take over btc because most of the time these kind of thing usually have small influence in regard of its valuation. if ETH wanna take over BTC it needs to create trend like NFT and the likes which gonna significantly increase the market capitalization of ETH if there's some big trend going around. other than that, I don't think ETH could.
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icalical
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August 09, 2022, 09:02:33 AM |
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I don't think so, Ethereum will needs massive adoption that would take more than a decade to surpass bitcoin, and that assuming that Bitcoin adoption is slowed down. And I don't think even with the Ethereum 2.0 PoW will not make those possible in near future. My point is that adoption is the key.
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kasunrandil
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August 09, 2022, 12:43:20 PM |
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before you compair bitcoin with other coins or tokens , you must understand what bitcoin is. purposes of those coins which you mentioned is different. whatever it is dont compair bitcoin with other coins. ethereum or anyother coin cannot be compaired with bitcoin because bitcoin is the king of whole cryptocurrency world. all of alts depends on bitcoin. ethereum will pump for sure but wont take over bitcoin.
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fortunecrypto
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August 09, 2022, 01:04:16 PM |
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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.
Don't expect too much or you will be disappointed when Ethereum used to have the cheapest transaction fee Bitcoin is still dominant and will remain the dominant coin in the market, I don't think gas fee Pos and having a maximum supply can help their cause, Bitcoin has fully established itself and every halving it reached new milestones, this question has been going on since Ethereum launched 7 years ago, but the answers have always been obvious.
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Uruhara
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August 09, 2022, 03:59:44 PM |
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There are many people out there who support ETH and believe that ETH will surpass Bitcoin. BUT I remain confident that Bitcoin will remain number 1. and nothing will surpass it any time soon. unless there is a new discovery about digital assets. other than crypto. but I'm not sure that it will be born soon. I think it will take more than 100 years for another digital asset to be found that goes beyond crypto or above bitcoin. something that you are not worried about can be solved with technology on top of a quantum computer.
so for now in the crypto era, Bitcoin is the one that will remain superior.
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GeorgeJohn
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August 09, 2022, 09:49:46 PM |
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There are many people out there who support ETH and believe that ETH will surpass Bitcoin. BUT I remain confident that Bitcoin will remain number 1. and nothing will surpass it any time soon. unless there is a new discovery about digital assets. other than crypto. but I'm not sure that it will be born soon. I think it will take more than 100 years for another digital asset to be found that goes beyond crypto or above bitcoin. something that you are not worried about can be solved with technology on top of a quantum computer.
so for now in the crypto era, Bitcoin is the one that will remain superior.
It's very obvious that many people are the fan of Ethereum and many people is also thw fan of bitcoin.i believe that for Ethereum to be populated in the society is as the results of Bitcoin. From the beginning it's Bitcoin that gives Ethereum the support of growth. Even when you said of the technology of both, it's quite understandable that bitcoin have more potential than Ethereum, so i have not the reason while Ethereum will make well than Ethereum.
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MCobian
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August 09, 2022, 10:11:15 PM |
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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.
Don't expect too much or you will be disappointed when Ethereum used to have the cheapest transaction fee Bitcoin is still dominant and will remain the dominant coin in the market, I don't think gas fee Pos and having a maximum supply can help their cause, Bitcoin has fully established itself and every halving it reached new milestones, this question has been going on since Ethereum launched 7 years ago, but the answers have always been obvious. Ethereum is indeed the best altcoins, but that doesn't mean Ethereum will ever be able to replace Bitcoin. Although the problem of high gas fees has been successfully resolved, it will not make Ethereum able to beat Bitcoin. Therefore, since the first time Bitcoin was on the market until now, Bitcoin has always dominated the market, that's because Bitcoin is invincible. In fact, there have been many other projects that have tried to replace Bitcoin, but unfortunately none of them have succeeded. So like you said don't expect too high Ethereum will replace Bitcoin, it will only be disappointing, because it is impossible to happen. Therefore, why do we have to invest in Bitcoin in large percentages compared to other coins, because Bitcoin is the best crypto, so investing in Bitcoin will give us big profits in the long-term.
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shinratensei_
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August 09, 2022, 10:50:28 PM |
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I think that could hardly happens, ETH even though has increased its dominance lately, still far from bitcoin, moreover it was bitcoin that dictates the market movement, ETH is just like other altcoins in general, it could have high dominance but it's still following heavily in every btc trend. Even though there is a chance that ETH could take over btc if it keeps increasing its dominance by getting the flow of investments from the big management fund and institutional investments.
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Tony116
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August 10, 2022, 11:46:25 AM |
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I don't think so, Ethereum will needs massive adoption that would take more than a decade to surpass bitcoin, and that assuming that Bitcoin adoption is slowed down. And I don't think even with the Ethereum 2.0 PoW will not make those possible in near future. My point is that adoption is the key.
So far bitcoin has been adopted by so many institutions even tesla was also buying some bitcoin. The only problem that is still happening with ethereum is if the inflation rate is still very high compared with bitcoin. A wrong design already implemented once ethereum being created with no maximum supply aka infinite inflation. This is creating a never ended pressure to the price of ethereum. That means if the chance for ethereum to compete with bitcoin will be far greater once it will be moving to the POS The issue of ETH's supply and inflation rate will be solved when ETH merges, just like altcoins are using the POS algorithm today. But for ETH to take over BTC is very difficult, bitcoin is still the largest coin by market capitalization, the market capitalization is twice that of ETH, and every market movement depends on bitcoin including ETH. It is impossible to say that ETH will surpass BTC but this scenario will be very unlikely in the next 10 to 20 years.
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vittosport
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August 10, 2022, 01:54:10 PM |
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I don't think so, Ethereum will needs massive adoption that would take more than a decade to surpass bitcoin, and that assuming that Bitcoin adoption is slowed down. And I don't think even with the Ethereum 2.0 PoW will not make those possible in near future. My point is that adoption is the key.
So far bitcoin has been adopted by so many institutions even tesla was also buying some bitcoin. The only problem that is still happening with ethereum is if the inflation rate is still very high compared with bitcoin. A wrong design already implemented once ethereum being created with no maximum supply aka infinite inflation. This is creating a never ended pressure to the price of ethereum. That means if the chance for ethereum to compete with bitcoin will be far greater once it will be moving to the POS The issue of ETH's supply and inflation rate will be solved when ETH merges, just like altcoins are using the POS algorithm today. But for ETH to take over BTC is very difficult, bitcoin is still the largest coin by market capitalization, the market capitalization is twice that of ETH, and every market movement depends on bitcoin including ETH. It is impossible to say that ETH will surpass BTC but this scenario will be very unlikely in the next 10 to 20 years. The uses of the two are also different, Bitcoin aims to be a currency that can be used as a medium of payment, Ethereum chooses to be a platform that can manage smart contracts.
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lumbanrang
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August 10, 2022, 02:01:34 PM |
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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.
There is no way that Ethereum will ever overtake Bitcoin's value. There are several factors that make Ethereum unable to overtake Bitcoin, firstly, the abundant supply of ETH, the higher popularity of Bitcoin, and the increasingly massive adoption of Bitcoin.
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masterrex
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August 10, 2022, 02:25:59 PM |
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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.
Well IMO, I believe it is not going to happen because Bitcoin is Bitcoin dubbed as a gold standard in crypto and it remains that possession no matter what happens. Anyway, as we observe that the Ethereum development is very active nowadays thats why many people will come up with the idea that it will overthrow Bitcoin someday but I doubt it because Ethereum has its own purpose and usecase, the same as Bitcoin too and they are not on the same scale thats why there no need to compete each other and thats what I believe!
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cloudfir3e
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August 10, 2022, 02:28:19 PM |
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it is very unlikely that ETH can take over bitcoin, because bitcoin is the first digital currency or crypto asset and has a high value, the total supply of bitcoin is also very limited and almost exhausted in the crypto market, making bitcoin increasingly rare. although still volatile, bitcoin is one of the most stable cryptocurrencies with a long history making it the most influential asset in other cryptocurrencies such as altcoins and the most consistent investment asset over the last 10 years.
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Rufsilf
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August 10, 2022, 02:34:21 PM |
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And the question is if there is a chance. Because I don't think so nor there is a strong basis for this other than just false hopes. Well, you might have to open up your eyes OP and see the impact of Bitcoin in the market as for sure you were able to see the influence of this.
I'm not sure what you have seen but honestly, ETH is just following Bitcoin and whatever happens to Bitcoin it still remains the king of crypto, nothing else.
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isaac_clarke22
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August 10, 2022, 04:34:17 PM |
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This has been a continuous discussion since 2017 as I registered here in the forum. At the first glance, I thought it was possible, but now people are still asking these questions still and probably from that, I already got my answer. Wasn't ETH moving to PoS been announced and got delayed continuously? I can't get a GPU here in my country due to that, lol. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) If ETH could dominate over Bitcoin, it should have done plenty of years ago already.
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Morningstarr
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August 10, 2022, 04:50:35 PM |
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I don't think Ethereum will take over BTC for many reasons including some basic ones for example when we talk about crypto the first thing that comes to mind is bitcoin So bitcoin is a brand which is why if someone invests they look at BTC first and the market cap of bitcoin is huge because of the fixed supply.
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virasisog
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August 10, 2022, 05:22:42 PM |
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Lots of Ethereum supporters hoped for it to overtake Bitcoin but Bitcoin still remained on top. Some coins attempted to replace Bitcoin but it's really hard for them to replace or reach the spot of BTC. Bitcoin has been through a lot and even passed the tests of time so it will be hard for any coin to replace it. Ethereum has huge potential but the gap between them is too big. However, Ethereum's potential will still remain high though it won't replace Bitcoin.
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Inspiron14
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August 10, 2022, 06:03:50 PM |
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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
Since Ethereum will turn into a PoS algorithm, then I would really not be surprised if that Ethereum will experience a decrease in Rank, and Ethereum will also never replace Bitcoin, even though bitcoin is getting harder to mine, miners will still be mining until all supply of Bitcoin of which only 21 million have been exhausted.
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