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❓ASK Will Ethereum Reach the same Heights as Bitcoin?

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microunit

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Bitcoin will always be the no.1 and king of all cryptocurrencies. There is no way Ethereum could reach its place right now. Not bad for Ethereum to be the no.2 on the rankings. Bitcoin is deflationary while Ethereum is inflationary.
regarding inflationary and deflationary characterstics of each coin, that's why we should not compared each coins individual coin value but rather each coins total market cap, though bitcoin is still far ahead of ethereum
 
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brainbox

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yep though it's still hard, as lately ethereum hasn't been really in a good spot, ripple might even overtake ethereum if ripple continues to grow
Rippple has good potential too, though it may not be easy to compete with etherium cos more new coins are launched which will affect the trade volume of rippple.
 

tanhilda9

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Yes, I agree. Bitcoins advantage is that it is the first cryptocurrency to exist and first known by most people worldwide by its name, Bitcoin. The year of existence shows the gap between Ethereum & Bitcoin. If Ethereum had existed before Bitcoin then it might be the same as Bitcoin today.
Maybe soon eth and bitcoin will be in the same price.
 

microunit

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Maybe soon eth and bitcoin will be in the same price.
In a nutshell
Bitcoin = deflationary
Ethereum = Inflationary
Deflationary = Less coins , More value per coin
Inflationary = More coins , Less value per coins

That's why it's impossible what you're talking about
 

brainbox

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In a nutshell
Bitcoin = deflationary
Ethereum = Inflationary
Deflationary = Less coins , More value per coin
Inflationary = More coins , Less value per coins

That's why it's impossible what you're talking about
You are very much correct so releasing more etherium coins to boost the market cap will Lower the price some how which I not a good one.
 

microunit

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You are very much correct so releasing more etherium coins to boost the market cap will Lower the price some how which I not a good one.
I've read in an article that ethereum uses a somewhat unique function whereas if there are alot of users that are using eth it will lower its mining difficulty to create more coins or increase its difficulty depending on its blockchain status
 

brainbox

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I've read in an article that ethereum uses a somewhat unique function whereas if there are alot of users that are using eth it will lower its mining difficulty to create more coins or increase its difficulty depending on its blockchain status
If there are more coins available and it doesn't correspond to the demand don't you think the price will also fall?. It is better it follows Bitcoin trend.
 

microunit

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If there are more coins available and it doesn't correspond to the demand don't you think the price will also fall?. It is better it follows Bitcoin trend.
Yep , that's why the system adapts depending on the situation in order for it not to inflate too much that it will just keep losing its value
 

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Yep , that's why the system adapts depending on the situation in order for it not to inflate too much that it will just keep losing its value
I have not used it before to even know the transaction fee and how fast it can be sending or receiving funds through ethereum. Probably I could cash out through it.
 

microunit

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I have not used it before to even know the transaction fee and how fast it can be sending or receiving funds through ethereum. Probably I could cash out through it.
Even though ethereum is second in ranking it is still ignored by most , i think I've read a recent news that transaction fee for ethereum is now climbing up and going par with btc fees
 

Zein23

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My opinion is that Ethereum "might" reach same heights with Bitcoin but there are many factors to be consider like the demand of Eth. If demand is higher, price of Eth will spike.
 

Zein23

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I don't think Ethereum can defeat Bitcoin in terms of price. Ethereum is much cheaper than compared to that of bitcoin. And Bitcoin has been the most dominating cryptocurrency in terms of prices.
That is because Bitcoin is the very first cryptocurrency that exist. It has been existing for many years unlike Ethereum. Bitcoin is limited in supply while Ethereum is infinite.
 
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