Bitcoin Forum

According to CCN.com;

Signs of Diminishing dominance of Bitcoin
Firstly, Bitcoin (BTC) has had a hard time breaking the $9,000 levels lately. The King of Crypto has been unable to break through past $9k for the last 10 days. At the same time, the total crypto market capitalization has been oscillating between $360 Billion and $408 Billion. The current BTC dominance stands at 37.1% of this market cap. However, when we look at the dominance of Ethereum (ETH), it has increased from 17% in early April, to current levels of 18.55%.

Secondly, there has been a growing trend of tokens and coins doing double digit gains as Bitcoin (BTC) stagnates or dips further. Once such case is the recent 10% gains of Ox (ZRX), Zilliqa (ZIL), Aelf (ELF) and Ontology (ONT) on May 17th; less than 3 days ago.

This act of Ethereum gaining dominance over Bitcoin is known as ‘Flippening’ in the Crypto-verse and has been further defined below.

Flippening is a term that defines the act of one or more altcoins, no longer riding on the back of Bitcoin in terms of deriving market value from it. It marks the end of the dominance and special status of one coin in the form of market capitalization and popularity amongst crypto enthusiasts, and the entry of a new, better and more popular alternative.

Source: https://ethereumworldnews.com/the-flippening-of-bitcoin-btc-has-begun/

So, what's your opinion about this news? First of all, is it true that Ethereum is slowly creeping to the top and probably dethroning bitcoin? Can we see in the future that the face of cryptocurrency is not Bitcoin but will be replaced by Ethereum? If that may happen, what will happen to Bitcoin?

Yes, that’s possible.
Of course it depends on how we define “bigger”, but for the sake of argument let’s go for ETH being the dominant cryptocoin.
To be honest, at this time it’s enough for BTC to screw up in order for Ethereum to rise.

It's highly unlikely but you know the recent statement by the Co founder of apple that stated that " etherum is likely to be the next apple " have changed view of many and now people are running after etherum leaving Bitcoins.
But the percentage of people doing this is comparatively low thus one should understand that it's not the case no variant is completely wiped out and sooner or later the Bitcoins will rise we just need to hold and wait.

Bitcoin's dominance in fact is still very high if you look at whole market, there are lots of teams, new projects which some of them really are valuable, but bitcoin without team, development etc is winner.

Just because the ICO market has been booming recently, the demand for ETH has risen so that it can be deceptive.
Bitcoin has always been a leader in cryptocurrency markets.

It is true at this time that ethereum has a better rise and does not wait for bitcoin prices to rise first, and I think it could all be that ethereum can replace bitcoin in the future and bitcoin will be below ethereum, all can change and nothing lasts .

Sounded like FUd already  :D Its true that BTC is slowing down but once you all guys dump your BTC for the token mentioned like ETH, NEO and OnT. You'd be chasing your trade which you could have hold your BTC for bigger profit. It all depend up to you but You'd rather be sticking to the king to see its price to be $50K in your wallet.

I completely agree with you, and If someone is planning to switch over from BTC to ETH, that's a bad bad move.

Bitcoin dominance isn't a child's play and it won't be easy for Ethereum to easily overtake it. Bitcoin has set the start up and it would be up for a long while. Not doubting some other altcoins taking the shine though.

Still doubt that people will get rid of the bitcoin. Also what makes you think that 37% dominance is loosing percentage here for the BTC? If there is even 10% dominance then it means something to BTC as it is always against the whole crypto currencies out there and not just the ETH. If you compare with ETH then it could stand a chance to have dominance over the ETHa round 70% and rest 30% counts for the altcoins other than these two.

Now make up your mind and ask yourself what could be life changing? BTC or ETH.

Eth is in second place because it's the choice or preferred by majority of Ico, but if there are few ICO, the volume will not be as high as we are seeing now, there's a lot of new coins coming up that might challenge Eth supremacy we are going to see that in a few more months.

Look one of the biggest mistakes people make when discussing dominance is looking at that figure on coin market cap.

The market cap and dominance figures should both be seen with a great deal of skepticism. Why well because most of the coins listed on cmc have really thin order books (no volumes) and someone with even about 100 btc or so could easily push a 10 million market cap coin to say 50-90 million by himself. As you can imagine when this happens with  a lot of these different coins it will naturally push the btc dominance chart down, but thats not to say that btc is losing value in the market.

Furthermore the huge number of icos which are taking place on a daily basis right now many of which raise 5-25 million dollars means that btc dominance will continue to fall over time, but again its important to consider that most of these icos are outright fraud or dont actually raise the figures they quote and a lot of them will end up failing. All this leads meto conclude that you really shouldn't focus to much on those cmc dominance and market cap figures

For me personally I think is like a FUD.
Yes the movement of bitcoin are slowly drop and ethereum are slowly increasing but it doesn't mean the ethereum will replace the bitcoin.

many people quickly assume that bitcoin today is already weak, and the prospects begin to be unclear. bitcoin is still high because it is sustained by investors only. I never imagined what would happen if all the bitcoin investors left.

maybe bitcoin will die before its supply runs out.
and after that ETH will dominate the market.

but, that will not happen in a short time. even after bitcoin runs out, ETH cannot go quickly to the king's seat replaced bitcoin.

certainly not Bitcoin still above eth for example now there are still many who are interested btc from eth so the interest is by investing with bitcoin and this level of trust can suffice in the whole world like thing with bitcoin price which is almost far beyond ethereum price so bitcoin still above all.

no BTC is still the great coin and no crypto for now could possibly surpass it. Maybe in the near future ether could overtake bitcoin on its volatility since ether price for now had a lot of room to play with unlike bitcoin that its price ranging already to 8K-9K USD though it is still volatile but compared to ether then ether has the advantage because from its current price there is still a lot of price increase to happen.

There has been an uptick of foolish newbies coming to Bitcointalk for shilling ETH. The foolhardiness of ICO investors is clearly visible. ETH has suffered more hacks and screw-ups than you can possibly know. It's buggy smart contracts has resulted in millions of dollars being frozen or stolen.

Such a bug and hack prone token will never be trusted by the largest investors for exchange of millions in value. It is riding on the ICO craze of newbies while bitcoin is sideways for the time being. Wait for BTC to regain momentum and it'll be clobbering time.

Bitcoin is the robust medium of exchange and store of value that ETH can never become. This has been shown by the various hacks it has undergone. Note that most bitcoin hacks have been on exchanges or due to losing private keys. There hasn't been a case of bitcoin's code being exploited.

Ethereum on the other hand has had quite a few screw ups where the code was exploited (https://medium.com/new-alchemy/a-short-history-of-smart-contract-hacks-on-ethereum-1a30020b5fd). Notably The DAO hack which prompted the centralized controllers of ETH to actually do a hard fork and breakup from the past. This shows that ETH is a centrally controlled coin and for all it's benefits, the billionaire investors wouldn't like to hold their money on something that another organization can change.

The next reason that ETH cannot have the same value is the ICO craze. The scam devs of ICOs are increasing the demand for ETH by asking for it in the smart-contracts. The raised ETH is supposed to be of two uses:
1. For Cash requirement by selling on exchanges
2. Using as Gas for running the Dapps on the network.

Several of these devs are deploying their own networks so they won't use it for the second purpose. The only remaining purpose is to be used for fulfilling cash requirement. That is why you are seeing concerted shilling from media and trolls. The devs who need to cash out will sell it on exchanges causing a crash of prices. Those who FOMO now into ETH will learn their lessons the hard way.

I don't see BTC losing dominance over ETH, at all. This less-than-2%-change is irrelevant.

If you observe the current "dominance" chart (https://coinmarketcap.com/charts/), both coins are slowly losing dominance in the mid to long term - although currently they are in an "short-term upmove". The reason seems to be that smaller altcoins are gaining market cap share (which is not the same than market share!) in detriment of the top-10 coins - observe especially the "Others" figure (light grey line).

It is to be seen if the current short-term upmove of the two top players continues or the "macro-trend" becomes dominant again. In my opinion it's likely that both BTC and ETH will increase their dominance a bit, because I expect a market shakeout of smaller ICO-based tokens.

How come these people believe that ETH can dethrone Bitcoin but they don't accept that bitcoin cash could definitely kill these two? come on, if you will think freely you will realize how valuable bitcoin cash over ethereum.

It seems to me that domination will not happen in the near future, since both these crypto-currencies still exist in the so-called "world." That's when one another completely ousts from the market, then yes, it's domination.

yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.

agree bitcoin seems independent to its platform as long as there are supply and demand it continue to rotate in crypto world. bitcoin still show dominance everytime it goes up or down crypto market is affected including ETH. but until when bitcoin will show dominance in the crypto market only time can tell.

And eth has trouble breaking $1000. Eth is a strong competitor to bitcoin but just because bitcoin may be "struggling" to break some arbitrary number in dollars it doesn't mean ethereum is going to "dethrone" bitcoin.


Well this is misleading. If some random alt coin worth $0.00001 goes up 10% it's still nothing. Most of the smaller coins are just pump and dump schemes designed to make the creators and early investors rich so these sort of quick gains are not uncommon, but they're not much different from ponzi schemes really.

I think that comparing the bitcoin at this point and other cryptos is doing injustice to it. There's a whole lot of heat and pressure that the bitcoin has come under that the other coins can't ever imagine seeing. The bitcoin is a goldmine any big player would want to have and in a large quantity and to have the ability to manipulate the market. The Mt Gox issue is another negative influence. Lets hope other coins don't get to have a taste of the Mt.Gox incidence.

Eth no doubt is second best to invest after BTC. But I don't agree to the fact that BTC is losing his dominance over Eth, compare the current price and volume of BTC with Eth, Eth right now is no way near to BTC.

Taking away Bitcoin's dominance is almost impossible. You know why? Because Bitcoin price is the basis of the majority of altcoin's value. While ETH on the other hand has made a lot of innovations, became a popular platform as erc20 tokens, yet its still very far from dethroning Bitcoin.

I do not think so. But actually I prefer to hold eth than hold btc. In the transaction I also prefer to use eth, probably because the transaction is faster and the cost is cheaper

Dont you know how to check market cap?bitcoin holds 37.2% of market share and thats a rise of 1.2% from 36% last quarter.so where did the cnn get their percentage?

No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here

I think no. Ripple is more likely than Ethereum to overtake Bitcoin.https://twitter.com/bluestonebridge/status/995323912299958272 (https://twitter.com/bluestonebridge/status/995323912299958272)
 Cardano also wants to overtake Bitcoin. https://ethereumworldnews.com/ceo-cardano-ada-overcome-bitcoin-ethereum-1-year/ (https://ethereumworldnews.com/ceo-cardano-ada-overcome-bitcoin-ethereum-1-year/)
The Etherereum is now a difficult period. For this I do not think that we will see its rapid growth now.

i dont think BTC will lose dominance to ETH. both will have a massive gain in value and probably ups and downs against eachother. but imo not enough to gain dominance.

That’s th only reasonable answer to the reason why ETH is rising and BTC is currently stagnating. Matters are not helped by the fact that less and less people are staying away from bitcoins because of how unstable the currency is.

yes, it's looks like that. but it is not.
because, if you check the market of these two coins you will understand the deference between BTC and ETH.
yes, I am agree with u about this section only that ETH is being more popular day by day.  

only in your dreams :D

it is funny how you quote bitcoin price but deliberately ignore the ethereum price! it has been dropping or may be better to call it "dumping' down hard from above $1500 to current $700 and it has been having a lot of trouble going higher than this because of all the dumps that are happening.

Agreed. Whatever negative news against Bitcoin can't stop me to continue investing. For me Bitcoin still dominate in the crypto world.

I don't think so, bitcoin will lose its dominance over Ethereum with this kind of levelling. Instead of looking at the weekly or monthly perspective of each coin, look at how the coin would behave in a long run? bitcoin was created first and we have seen it's legacy through the years where we rode it to the moon ? Ethereum can surpass the bitcoin if it can withstand the ups and downs on the market.

This is something unexpected, it is already explained by dev ethereum that ethereum will replace bitcoin. I myself do not believe all this can happen maybe thanks to the efforts of the ethereum team itself. but I think etheureum remains ethereum and bitcoin remains a bitcoin meaning bitcoin will remain its father the coin will not be able to replace it, because it can not be denied

Well i think btc will eventually lose most of it's dominance either to eth or to the whole market. It's inevitable but we're looking probably years for that to happen. I think bitcoin is safely at the top at least for 3-5 years unless something drastic happens

seems to me to be an opinion of an ETH fan just this


bitcoin is far away. I do not see some altcoin dethrone bitcoin


many governments will impose tough laws against ICOs, so you can already imagine what will happen with ETH

During any bull run with bitcoin (and all the altcoins) bitcoin seems to lose a good amount of dominance to other coins. I don't think this is going to be the thing that pushes bitcoin off the edge and has another coin takes the reigns.

It happens all the time, this isn't going to be the end all be all time due to a small loss in dominance (a negligeable amount of 2 percent which isn't going to change anything)

ETH is a good number 2, but that's it.

Slowly and minutely but it is. The thing that the ethereum blockchain holds over the bitcoin blockchain is that nothing has been done with the bitcoin blockchain for a while but the ethereum blockchain is constantly being worked on and made better and better with time and there will come a time when bitcoin won't be able to evolve fast enough and keep up and that is when ethereum will take over the lead

Don't panic Bitcoin always be on top. Bitcoin work as the value of the trust to the whole industry of cryptocurrency. Even if it lost not for long time domination position it will recover very fast.

Ummm.. what? Based on what? Why are you linking to a random tweet from a fake twitter account of an economist who has been dead over 20 years? I think this is the huge problem in crypto. People are always looking for the next big thing because they missed out on bitcoin and they look for any random sources to back up their own delusions or dreams of getting rich by whatever coin they managed to buy a shitload of when it was cheap. Of course this then just gives them an insatiable appetite to self-promote what ever they are bagholders of because they need other fools to buy into it to make them rich. They will then dump as soon as it hits a value they like and the price tanks but hey, who cares because they got out as soon as they could. And that's why most of these coins are basically ponzis (especially with the pre-mined ones).  Ripple is far too centralized and not to mention there's billions of them for it ever to be worth a substantial amount but those who created Ripple are the only ones who are going to make it rich here.

There is definitely a possibility of Ethereum overthrowing Bitcoin. Not a big one, but not that small either. Ethereum has very interesting and valuable assets and features that can help it grow, but more importantly to help it become independent from Bitcoin on the market.

I see indeed for Ethereum to increase for the devotees. so much that supports Ethereum to go ahead and become the next leading coin. with its ever-increasing development potential to make Ethereum has a good and profitable growth and development. so having Ethereum is pretty good and capable of generating far greater profits.

I think that Ethereum is gradually reducing the distance to Bitcoin, but still needs to develop to finally take first place.. Personally I believe that ETH can be the number one

Let's again return to some facts and compare the "dominance" evolution of the last month, according to https://coinmarketcap.com/charts/.

- On May 20, Bitcoin's dominance was about 37,5%
- Ethereum's dominance, the same day, was about 18,5%
- On June 20 (today), Bitcoin's dominance is about 40%
- Ethereum, in contrast, still is about 18,5%

So at least in the last month, we've seen a recovery of Bitcoin, but stagnation in Ethereum.

- In a 2-month window, in contrast, Bitcoin was stagnating (39 to 40%) and Ethereum got up from 15,5 to 18,5%.
- In a 3-month comparison, the picture is even more favourable to ETH (16,7 to 18,5 while Bitcoin fell from 44 to 40%)
- but in a 4-month comparison it's the other way around: ETH stagnated on 18,5%, while Bitcoin rose from 36 to 40%.

So, overall, we see that there is very small variation regarding dominance between both coins. Both seem to have found a "stability point" for now, regarding market cap. For the future, I don't see big changes.

I think this is unlikely. Although ETH is used in many ICOs, its value is difficult to overcome today's Bitcoin prices.

I think it seems to me that dominance will not happen any time soon, because these two crypto currencies still exist in the world.
Bitcoin is a gold mine that every big player wants to have and in large quantities and has the ability to manipulate the market.

Its just matter of time when BTC will be at such level when this question will have no meaning at all. BTC is not that weak to loose its dominance over other markets so easily. Its crazy volume of 24 hours will tell the story itself. ETH is just unimaginable in terms of its quantities and thus it gets diluted in terms of its prices when more ETH is emitted. This is what will keep an ETH price down to the BTC and same applies to the market dominance because that will also keep diluting itself. May you need rethink about the whole calculation and make the results one more time.

Bitcoin? Losing to Ethereum? That seems very weird, but i can see why that can happen. Ethereum evolving really fast and it's actually great

Well BTC will still bounce back, maybe people are staying away from investing and Eth seems to be increasing because more people use it to invest in ICO's so I believe when bull run will start and more investors come in to invest in btc, btc will increase further.

Right. Bitcoin prices are dropping rapidly. Meanwhile ethereum is developing very strongly. Many investors have chosen ethereum to buy instead of bitcoin. For many years ethereum will pass bitcoin.

Bitcoin is slowly losing dominance over ethereum and all of the other altcoins, that much is true. But this does not mean that bitcoin is going to stop being the number one coin anytime soon. Bitcoin still has a lot on all these coins it was the first coin and it already has a couple of years on most of them to grow to where it is not so it will not be easy to lose that spot.