Will Bitcoin Ever Be "Flipped"? Or Was That Just a Cycle Myth?

[Macro Exchange]

A few years ago, “the flippening” was a hot topic - every altcoin bull run brought new headlines claiming ETH (or some other chain-of-the-month) was about to overtake Bitcoin in market cap, utility, or narrative.

Fast forward to today: ETH/BTC pair is in a multi-year downtrend, alt narratives are fading, and Bitcoin dominance is back above 60%. The ecosystem feels quiet. No more hype, no more retail. Altcoins aren’t leading anymore — they’re trailing.

Was the "flippening" idea always a meme born from bull market euphoria? Or is there still a real possibility that some crypto asset could overtake BTC in the long run - either in market cap or relevance?

[Webetcoins]

ETH/BTC pair is in a multi-year downtrend, alt narratives are fading, and Bitcoin dominance is back above 60%. The ecosystem feels quiet. No more hype, no more retail. Altcoins aren’t leading anymore — they’re trailing.

Nobody is ready to consider the ETH/BTC but looking at only ETH/USD. As a crypto adapter I need more BTC for my ETH. Otherwise there would be no point of taking risk of adapting ETH against bitcoins. I mean, if I invested same USD in bitcoin, I might have gained more returns or if I did not convert my BTC into ETH, I would have gained more with my BTC itself. So, I agree that flipping has not started yet and I agree with you it may never happen again.

In marketcap or utility, any coin may surpass bitcoin but cannot disturb the growth of bitcoin which is the first mover advantage. There were many altcoin backed by real projects but nothing survived or bitcoin will include any needed utility within its ecosystem. So these are all not the criteria, we need to consider at first hand.

[Stellarcast]

Fast forward to today: ETH/BTC pair is in a multi-year downtrend, alt narratives are fading, and Bitcoin dominance is back above 60%. The ecosystem feels quiet. No more hype, no more retail. Altcoins aren’t leading anymore — they’re trailing.

Do you remember that time back in 2020 when ETH prices were below $500, and then just a year later it almost broke $4500? That time DeFi, staking, and NFTs were hugeee and really took the world's attention. I believe that was ETH's hottest run to overtake BTC in terms of growth and popularity, with altcoins like Compound and Aave doing really well.

Fast forward to now most altcoins did not survive, though recent ETH and some altcoins like Aave are doing better, due to constant innovations. (Aave V4 is under development currently, can read up more on their blog)

In marketcap or utility, any coin may surpass bitcoin but cannot disturb the growth of bitcoin which is the first mover advantage. There were many altcoin backed by real projects but nothing survived or bitcoin will include any needed utility within its ecosystem. So these are all not the criteria, we need to consider at first hand.

The first mover advantage is true, since the branding is too strong and BTC will likely be the new crypto investor's first stop. However, the thing about BTC not adopting any needed utility is kind of by design. Bitcoin is just meant to be as it is, that's why we saw ETH and its related new projects.

To answer your question, I do think that utility is a critical criteria to consider, and if somehow in the future where new technology gives the common people a good enough reason to consume ETH related projects, I think BTC can be flipped by ETH.

[Macro Exchange]

Fast forward to today: ETH/BTC pair is in a multi-year downtrend, alt narratives are fading, and Bitcoin dominance is back above 60%. The ecosystem feels quiet. No more hype, no more retail. Altcoins aren’t leading anymore — they’re trailing.

Do you remember that time back in 2020 when ETH prices were below $500, and then just a year later it almost broke $4500? That time DeFi, staking, and NFTs were hugeee and really took the world's attention. I believe that was ETH's hottest run to overtake BTC in terms of growth and popularity, with altcoins like Compound and Aave doing really well.

Fast forward to now most altcoins did not survive, though recent ETH and some altcoins like Aave are doing better, due to constant innovations. (Aave V4 is under development currently, can read up more on their blog)

In marketcap or utility, any coin may surpass bitcoin but cannot disturb the growth of bitcoin which is the first mover advantage. There were many altcoin backed by real projects but nothing survived or bitcoin will include any needed utility within its ecosystem. So these are all not the criteria, we need to consider at first hand.

The first mover advantage is true, since the branding is too strong and BTC will likely be the new crypto investor's first stop. However, the thing about BTC not adopting any needed utility is kind of by design. Bitcoin is just meant to be as it is, that's why we saw ETH and its related new projects.

To answer your question, I do think that utility is a critical criteria to consider, and if somehow in the future where new technology gives the common people a good enough reason to consume ETH related projects, I think BTC can be flipped by ETH.

Yeah, ETH had its big moment in 2020,2021 - DeFi, NFTs, staking, all booming. Felt like it might actually flip BTC.
But even then, it didn’t. BTC is simple, trusted, and has the strongest brand. People go to Bitcoin first - always.
ETH still building, sure. But flipping BTC? Gonna take more than tech. Not impossible, but not likely anytime soon.

[o48o]

A few years ago, “the flippening” was a hot topic - every altcoin bull run brought new headlines claiming ETH (or some other chain-of-the-month) was about to overtake Bitcoin in market cap, utility, or narrative.

Fast forward to today: ETH/BTC pair is in a multi-year downtrend, alt narratives are fading, and Bitcoin dominance is back above 60%. The ecosystem feels quiet. No more hype, no more retail. Altcoins aren’t leading anymore — they’re trailing.

Was the "flippening" idea always a meme born from bull market euphoria? Or is there still a real possibility that some crypto asset could overtake BTC in the long run - either in market cap or relevance?

Only time flippening (eth marketcap going over bitcoin's marketcap) was even close, was in early 2018. And as you see it's now more unlikely then ever. Other altcoins are even lower in MC so good luck with them doing the flippening. Term just lived in hearts of every altcoiner as a legend that might happen, even thought nothing looks further from it happening.

It's same with all the other meme terms, they are still used, because some rich OGs used them back in time. And fandom / tribalism in this space is unquestioning their leaders.

[Dunamisx]

A few years ago, “the flippening” was a hot topic - every altcoin bull run brought new headlines claiming ETH (or some other chain-of-the-month) was about to overtake Bitcoin in market cap, utility, or narrative.

Maybe then, many are not aware of the actual circumstance relating to the value and utility bitcoin has created with the way its being different from what other coins are.

You can see that bitcoin is indeed a unique and substantial digital currency from other cryptocurrencies, starting from its market price, the entire altcoins are no where to stand near the value of what bitcoin is today, as we can see from the market capitalization, now people are getting to know more better the difference and which they should go for between bitcoin and altcoins.

[passwordnow]

A few years ago, “the flippening” was a hot topic - every altcoin bull run brought new headlines claiming ETH (or some other chain-of-the-month) was about to overtake Bitcoin in market cap, utility, or narrative.

It was also called as the dethroning because a bunch of threads came out that time when people kept asking 'could this project dethrone btc?'. There were threads like that in the forum and they never stop asking from time to time.

Was the "flippening" idea always a meme born from bull market euphoria?

Possibly.

Or is there still a real possibility that some crypto asset could overtake BTC in the long run - either in market cap or relevance?

I don't think that we'll ever see that happen.

[Mahanton]

A few years ago, “the flippening” was a hot topic - every altcoin bull run brought new headlines claiming ETH (or some other chain-of-the-month) was about to overtake Bitcoin in market cap, utility, or narrative.

Fast forward to today: ETH/BTC pair is in a multi-year downtrend, alt narratives are fading, and Bitcoin dominance is back above 60%. The ecosystem feels quiet. No more hype, no more retail. Altcoins aren’t leading anymore — they’re trailing.

Was the "flippening" idea always a meme born from bull market euphoria? Or is there still a real possibility that some crypto asset could overtake BTC in the long run - either in market cap or relevance?

There's always the probability and this shouldnt be that making up some conclusion since no one knows on what the future looks like. Bitcoin might be that father of all crypto but it doesnt mean that it wouldnt be that replaced into that top spot. The only thing that mattes here is about recognition and adoption on which it would be that totally depending or basing up into the community itself. If there would be some flippening then this do simply means that there's much more better with Bitcoin but honestly there are tons of altcoins which performs better than Bitcoin but since it was the origin of crypto and be the first then there's no doubt that it do get that extreme support and investment by the community. No one knows on what the future do looks like on which we might be thinking on something impossible to happen might actually happen in the future and thats why it would be that so hard for us to make out some conclusions because there's no one knows on what lies ahead. If you've been here on this market for a while already then the word flippening word has been that mentioned for how many times already on which does simply means that there are those people who are that thinking that this could really happen or actually there's always the possibility yet we've been dealing up with a market on which it is that totally unpredictable. There's no way that we can be able to make out some conclusions that it would happen on which considering on how many coins in the market now then we can tell that there's that probability on which of course there's no one could predict if it could happen or not. This is where people do suggested that we do made out those investment then we should be making out that diversification but still there are people or investors who would be that a die hard fan or would be that maximalist with Bitcoin on which they would be that solely be trying out to invest into it no matter what.

[el kaka22]

It was a myth. It is not going to get flipped, it's way too much, and closest anyone ever got was like half of it, and we should not be worried about that. Bitcoin has always been first place, and there is no scenario where anything else passes.

Even when ETH looked greatest, it wasn't close, it wasn't like some 20% increase and we are done, we needed nearly 100% for that to happen even on the peak of ETH, and right now it doesn't even look that great and we assume that it's going to make money? There is no way and we need to realize this isn't going to happen. What we are seeing at the moment however is to see things change. What we are seeing at the moment is bitcoin clearly being the best there is, and that's not going to change.