Is Ethereum and other altcoins taking over and replacing Bitcoin?
If so, how fast will this happen?
In which perspective you are using the word taking over? If you are talking about the market cap then it's not possible for a single coin to take over BTC. If you are talking about a user-friendly and least costly payments system then there are already a lot of alts that are performing well even doing better than ethereum itself. No matter how better or superior technology other alts use BTC will be the father of crypto forever.