Will there be a flippening?

[AdolfinWolf]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

[cellard]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

Maybe... it's definitely possible. There's a lot of hype, there's also the Putin thing, and more and more ICOs keep being pumped so those people need to buy ETH.

The fundamentals remain tho: ETH doesn't scale, Casper is from what i've read, a scam. The launch was scammy and, from what i've read, some people may be facing jail.

The whole thing is dodgy. Sooner or later it will crash and probably all the money will go into BTC.

[stompix]

We know how it will end.

Just like before the china story like everything from china will be proven fake.
All the projects will get a new term when they will be launch and or they will get no traction whatsoever and finally the dump will be done.

How many times people thought a coin will overcome bitcoin ...?

Let's see maidsafe, aurora , nem , ntx , (just for the lols) doge, (for some tears) monero, ..and nothing happened.

[OmegaStarScream]

If It ever happens (and I'm not saying It's going to happen) and Ethereum get a higher marketcap then bitcoin, what does it mean? It means nothing. Ether has much more supply then bitcoin has and the math is very simple for the marketcap, price * supply also, let's just compare the number of major services like Steam, Neteller, Skrill etc. that are actually accepting Ethereum? you probably won't be able to compile a list. from cryptocurrency 1200 ATMs around the world, how many of them accept Ethereum? probably nothing more then 5-10. while the remaining number is for bitcoin. I believe this is how the success of a coin should be measured and not by market cap only.

[bouren]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

Lol! Market cap hardly matters. Its worth is zero and no conclusive results can be drawn out of it. It is just imaginative and estimated value.
No matter whether ethereum overtake bitcoin in market cap, bitcoin continue to reign the cryptocurrency market. Yes, investors will surely take bigger dig on it but by overall acceptance bitcoin continue to be number 1.

[omonuyak]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

Actually, I was doubting before if ethereum will get to the level were it will become a competitor to bitcoin and I have been argued that it can never become a competitive to bitcoin. The current events is proving my argument wrong. I think ethereum is going to take bitcoin place in term of coinmarketcap.

[Marsipos]

As I explained in a previous  post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.

[Quadast]

As I explained in a previous  post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.

It seems to be a very difficult question, because I still could not understand What is the value of the crypto currency. If you take for example the dollar, then every dollar has its share of gold in the state's Gold Reserve. But Bitcoin, it's practically air, which costs fabulous money.

[spazzdla]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

It would appear yes, yes it will.

[iluvpie60]

Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).

The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.

When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.

[lionheart78]

Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).

The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.

When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.

Precise roadmap - centralization, anyway, I do think that ETH with its huge supply and another supply through its coming PoS will definitely surpass bitcoin in terms of Marketcap, which can give an illusion that ETH is more valuable and being number 1 to a new person in cryptocurrency which in fact we all agree that this coinmarket cap offers nothing other than estimated price of total coins.

[ktabb]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

The operative phrase is "if it continues like this"... because it won't. Bitcoin will not continue to rise like it has, and neither with eth. Crypto cannot sustain this kind of growth indefinitely.

[freedomno1]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

Not immediately there is not enough support for a trendline if it just passes it for a short time period.
IF the market cap exceeds Bitcoin for a prolonged period of time and remains consistent then yes there will be a gradual filippening occurring
Blockchain technologies are all new the growth will occur across the whole board for some time to come, but anyone that disagrees that there will be an eth cap that passes BTC this week can bet against me on this one

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BTC/ETH Market CapOptions: Yes | No

[Lagduf]

Ethereum will become bitcoin 2.0 or that will be the king of crypto. Too many people are trying buy more and more ethereum and just keep them fot the longterm investment. I think in the next month the market cap of ethereum will surpass bitcoin as fast as possible.

[freeyourmind]

The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.

ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.


What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?

The operative phrase is "if it continues like this"... because it won't. Bitcoin will not continue to rise like it has, and neither with eth. Crypto cannot sustain this kind of growth indefinitely.

I'd expect the flippening to happen within the next month or so.  Whether or not it will stay that way...no idea...but I do think the threshold of market cap will be crossed very soon.

The flippening can happen even if Bitcoin drops...it's just crypto vs. crypto at this point, regardless of their relative value compared to fiat.  If Ethereum grows faster, or declines slower, it will be bound to happen.

[pinkflower]

We know who it will end.

Just like before the china story like everything from china will be proven fake.
All the projects will get a new term when they will be launch and or they will get no traction whatsoever and finally the dump will be done.

How many times people thought a coin will overcome bitcoin ...?

Let's see maidsafe, aurora , nem , ntx , (just for the lols) doge, (for some tears) monero, ..and nothing happened.

This is different. No other cryptocurrency has come as close as ETH in trying to chase BTC in the top spot. Theres a threat that BTC's prices can crash too because of the UASF movement coming this August, while ETH's price increase is continuing.

Flippening before the end of the year is very likely.

[sushimi123]

As I explained in a previous  post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.

It seems to be a very difficult question, because I still could not understand What is the value of the crypto currency. If you take for example the dollar, then every dollar has its share of gold in the state's Gold Reserve. But Bitcoin, it's practically air, which costs fabulous money.

Its backed by math or the countless hours of computer power from bitcoin farms that cost hundreds and thousands of dollars to build

[Mazt rhiezt]

Coin turnover will continue, bitcoin is more expensive and hard to reach, certainly ethereum as second rank of investor choice next and will continue to change position with third rank to fourth position and so on.

Remember all the coins below. Experiencing the exchange of the same position because the position of the coin is actually not too far away.

[sushimi123]

Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).

The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.

When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.

Precise roadmap - centralization, anyway, I do think that ETH with its huge supply and another supply through its coming PoS will definitely surpass bitcoin in terms of Marketcap, which can give an illusion that ETH is more valuable and being number 1 to a new person in cryptocurrency which in fact we all agree that this coinmarket cap offers nothing other than estimated price of total coins.

If its simply supply going up thats causing this market cap that'd be a very scary thing as this means the rapid growth in etherium is basically just an added supply of coins which should in theory drive the price down

[lizardbtc]

Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).

The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.

When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.

Do you understand that at the moment there is only hype thats being made it is impossible for ETH to overcome BTC within a week or today (LOL)?

It might be possible but again in the future but for me BTC is BTC with a caped coins... People just want pure profit and as always many people including myself we missed the "bitcoin" train so some people tend to feel that BTC is to expensive and tend to search for alternatives you hear all great stuff about ETH you see the price is rising with speed and you rush in. I see that this bubble will pop in one time and it won't end up well. Just look how the ETH went straight up a correction should occur from my point of view. W

When BTC dumped hard ETH went down as well, isn't this telling you something? That no matter if ETH has a exchanges for fiat it is depended on bitcoin as most of the trading volume comes from bitcoin.

I don't say that ETH might not surpass BTC but I don't see it happening with a week. I don't have anything against ETH.