Why ETH will never beat Bitcoin?

I see some funny texts and interviews with prominent traders from the whole world:
'eth will get $12 000 by the end of this year'
'eth is going to beat bitcoin'
...blablabla


There are some strong barriers that cannot be beaten:
-"law of the first", how many facebook clones came to market and vanished? How many ebay clones, how many PayPal clones?
-it's name, it's hard to remember if you not watch on it's names and repeat 50 times
i have seen etherererum, etherum, eterum, eterereum, etc. even I have problems with that
-bitcoin brand, if people see "cryptocurrency" they see bitcoin, not eth
-bitcoin still improving, like rapid transactions times or smaller fees

It's true that ETH can't actually beat Bitcoin, but im sure ETH will be pretty high at the end of this year

Eth is not Bitcoin clone, eth is something that isn't really meant to be used as currency only. Vitalik created it because there wasn't a universal platform to make dapps on , ETH a beast. Its market cap is much higher than btc so I doubt you will see 20k eth anytime soon. On the other hand, the use for Bitcoin is only as a currency.

tux said:

Eth is not Bitcoin clone, eth is something that isn't really meant to be used as currency only. Vitalik created it because there wasn't a universal platform to make dapps on , ETH a beast. Its market cap is much higher than btc so I doubt you will see 20k eth anytime soon. On the other hand, the use for Bitcoin is only as a currency.

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but the ETH problem, they were not in mass media for last few years. People have seen millions of articles about bitcoin, they have seen it in TV, heard in radio, their friends have BTC.

It's hard to beat in few years, almost impossible.

vinku said:

law of the first", how many facebook clones came to market and vanished?

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Facebook isn't the first social network. There are many businesses in the world that were not the first in their industry but are doing better than the older companies. And, Eth isn't a clone of Bitcoin. It's better than Bitcoin IMO. It can be used as a currency as well as for creating and hosting Dapps.

vinku said:

it's name, it's hard to remember if you not watch on it's names and repeat 50 times

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Not hard to remember, maybe hard to type. You can just say Eth.

vinku said:

bitcoin brand, if people see "cryptocurrency" they see bitcoin, not eth

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Agreed.

vinku said:

bitcoin still improving, like rapid transactions times or smaller fees

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You can wait for Bitcoin to improve or you can just use Eth, Nano for a faster and cheaper transaction ; )

ePrime said:

Facebook isn't the first social network. There are many businesses in the world that were not the first in their industry but are doing better than the older companies. And, Eth isn't a clone of Bitcoin. It's better than Bitcoin IMO. It can be used as a currency as well as for creating and hosting Dapps.


Not hard to remember, maybe hard to type. You can just say Eth.


Agreed.


You can wait for Bitcoin to improve or you can just use Eth, Nano for a faster and cheaper transaction ; )

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I am using ETH but when I want to get money via ETH, people says "wtf, i want pay via btc" - your choose

It will most probably beat bitcoins. I sell some services only with crypto payment option. 9 out of 10 clients now want to pay in ETH now and not in BTC because of less fees and faster speed. If you think as an investor, you will get much better returns with ETH in comparison to bitcoins.

BTC will be BTC, but Things like ETH and EOS will have its value, just not in dollars

I think ETH's a beast of a technology and currency crossover but it's overhyped. It needs DAPPS to fail for the currency to appreciate and it needs companies to buy into not in housing the same technology. It also has to create something before another company does without GOLANG and destroys it. Also I'd be uncomfortable with a java based language controlling financial transactions + because it's free how can you unclog network? It has so many moving parts besides just a currency/asset with Bitcoin. I think between NEO/ETH.. NEO will win

why would eth need to beat btc? they can co exists on similar prices.

viivii said:

why would eth need to beat btc?

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To satisfy the ego of latecomers.

ETH is a beast indeed. In my opinion the most amazing project in the crypto world. Steady ship you can count on, with incredible reach, team, and leadership.

I suppose it's possible it will eventually beat out BTC but it might not be for years to come. It think there are too many insta-millionaires who made all their money on the meteoric rise of BTC over the last two years and these guys still hold significant amounts of BTC and probably will not sell it any time soon. The few that I've talked with say the same thing. They sell a few BTC here and there to invest in other projects, but the majority of their millions is wrapped up in BTC and will be for a long time.

I don't think that Ethereum can ever beat Bitcoin. The price of Bitcoin is around $7500 whereas Ethereum is around $550. It will take some catching upto by Ethereum. But don't be discouraged of Ethereum. It is one of the best Altcoins.

I'm not sure what you mean that Eth won't beat Btc. If we're talking about monetary value, probably no. If we're talking about adoption, then it's surely yes. There are some indications that by the end of the year Eth will grow more percentage in value than Btc.

Also, remember when Btc was all time high? Transactions were lasting for days and not rarely they would be refunded as they timed out. For transactions, Eth all the way. Lower fees, faster confirmation time.

Well Facebook was not the first social network, and eBay was not the first online market place.

This is not the kind of reasoning you want to abstract to make investment decisions. These are just some random thoughts.
ETH and BTC are completely different use cases with different metrics.
I give you some Google keywords to start a proper research:

Ethereum Proof of Stake
Ethereum Casper
Ethereum scaling solution
Smart Contracts use cases
dApp definition
Ethereum Bitcoin side by side comparison

Considering that the total supply is much higher for ETH than for BTC a flippening would not be easy, though in terms of market capitalization. However, all in all, the future of ETH seems to be bright, even if the current price seems to be depressing for holders. I am averaging down DCA-wise to take full advantage once the institutions chime in.

In my opinion ETH could beat BTC not now maybe in the future ...
Why ?

Think about 60-70% of all cryptocurrency are ERC-20 (Based on ethereum smart contract )
When you transfer, withdraw, deposit your erc20 token you have to pay the gas fee in ethereum
With ethereum you can easy build an Dapp for gambling, games, casino
Ethereum is faster then BTC
Ethereum have low transaction fee then BTC

BTC was the first and everyone who are talking about the cryptocurrency will say "O yeah Bitcoin right ?" the first cryptocurrency that will apear in your mind will be bitcoin for ever , because with bitcoin start that technology .

Ethereum have a huge potential but bitcoin was the first ...

Anyway Ethereum can beat bitcoin in the future (not on these year ) buy maybe in 2-3 years

@up BTC have the biggest potential from every crypto in this cryptoworld, no doubts. Even if u have ETH u want to BTC go up instead of down, cause nowadays every crypto price is depented by bitcoin. In next 2-3 years we should see LN adoptation (if it will even happen ) so BTC would be the cheapest and fastest (immediately transactions). In my opinion Ethereum Classic gonna beat ETH instead of BTC/ETH, I think that cause it looks like ETC have much more better team/community than ETH atm.

when you say "beat" you mean in value? when say value, do you mean 1:1 ratio? or market cap?
do you understand that you're comparing apples to bananas? yeah, both are fruits but quite different.

bitcoin tries to be a currency and has been failing at that. they've already failed in the first layer so they're going with lightning network to see if it can become money again. there's a lot of "HODL" sentiment in bitcoin maximalists because they decided bitcoin is not cash, it's just "store of value" which is a fair use case, but meh.

ethereum is a platform for creating dapps, but the problem with ethereum right now is that it's an ICO shitshow. there are really not that many useful dapps out there. ethereum has its own scalability problems (remember when the network clogged because of cryptokitties? yeah) and proof of stake is completely experimental at this point. there's absolutely no guarantees that proof of stake works in a decentralized manner that is censorship-resistant. the only method known to our society that we know works well is proof of work, and there are maybe 3-4 PoW coins out there with big enough networks that they can't be easily attacked by nicehash or Bitmain and friends.

bitcoin has the first mover advantage but that doesn't mean it can be surpassed by another project that intends to do the same thing as bitcoin: being a currency and store of value. monero is a good contender but for the sake of keeping on-topic let's say that between bitcoin and ethereum, bitcoin is better money and ethereum is better "gas" to fuel the ICO shitshow. that's the real deal RIGHT NOW.

for the long term, who knows? maybe the definitive crypto is not even released yet. TRX is shit. EOS is laughable. Cardano is going into the right direction but the whole "academia" thing will make they evolve super slowly (which this market doesn't accept. they need everything fast and NOW). NEO is China's ETH (which make a decent hedge to ETH if you like the principle).

Safff said:

In my opinion Ethereum Classic gonna beat ETH instead of BTC/ETH, I think that cause it looks like ETC have much more better team/community than ETH atm.

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Ethereum Classic are definitely one to watch seeing as they have stated theyre firm on sticking with POW while Ethereum will be going POS. Like @dhoff says above POS is still a relative unknown when it comes to long term security and distribution. It will be interesting to see how both sides pan out on this.