Flippening watch: BTC-ETH spread down to under 7B USD

[Nougat]

BTC and ETH market caps are converging fast with ETH the definite winner from the chaos earlier yesterday. 


BTC: $43,635,672,080    
ETH: $36,798,175,278
Diff:     $6,837,496,802

With the current circulating supply they should cross at ETH/BTC ~0.1773.
 
This will be the first time a crypto currency has lost the #1 spot but it certainly won't be the last.  It will be interesting to see if there are significant dislocations in prices or if it's a non-event.   Will there be a constantly evolving ecosystem of coins that will backstop some eventual stable average (like S&P500 is for stocks) or will one coin periodically replace another as #1 every 10 years or so?

[testerx]

Honestly, I was worried about this for a while and it's been a bit of a bummer, since I'm worried that once the market cap exceed's Bitcoins that the media will start talking about Ethereum as if it's the answer.  But Ethereum actually makes for a very poor currency-just look at how badly the network locked up during the Bancor ICO.  I think both can coexist but people have pumped Ethereum up to insane levels right now that honestly I don't think it's ready for.

[benthach]

Honestly, I was worried about this for a while and it's been a bit of a bummer, since I'm worried that once the market cap exceed's Bitcoins that the media will start talking about Ethereum as if it's the answer.  But Ethereum actually makes for a very poor currency-just look at how badly the network locked up during the Bancor ICO.  I think both can coexist but people have pumped Ethereum up to insane levels right now that honestly I don't think it's ready for.

eth network is inferior and going to bloat, Bancor is just small example and people don't realize about it. there is no reason for me to talk negative about this crap anymore, which i have a ton. it is their money.

[Dude.Lebowski]

Honestly, I was worried about this for a while and it's been a bit of a bummer, since I'm worried that once the market cap exceed's Bitcoins that the media will start talking about Ethereum as if it's the answer.  But Ethereum actually makes for a very poor currency-just look at how badly the network locked up during the Bancor ICO.  I think both can coexist but people have pumped Ethereum up to insane levels right now that honestly I don't think it's ready for.

Not to mention as far as money goes, Ethereum has the same problem as USD. Unlimited printing.

[NorrisK]

Honestly, I was worried about this for a while and it's been a bit of a bummer, since I'm worried that once the market cap exceed's Bitcoins that the media will start talking about Ethereum as if it's the answer.  But Ethereum actually makes for a very poor currency-just look at how badly the network locked up during the Bancor ICO.  I think both can coexist but people have pumped Ethereum up to insane levels right now that honestly I don't think it's ready for.

eth network is inferior and going to bloat, Bancor is just small example and people don't realize about it. there is no reason for me to talk negative about this crap anymore, which i have a ton. it is their money.

People don't care about it.

The main reason eth is pumping is all the ICOs that are hosted on the chain that require to invest ether. This ether is then locked up for atleast months reducing the available supply a lot.

As much as I hate having missed a large part of the eth train, I do kinda love ether for bringing in all the new people that helps to grow the market as a whole. Just look how the other alts moved. This is a direct effect of the success of ether imo.

[Danimore]

BTC and ETH market caps are converging fast with ETH the definite winner from the chaos earlier yesterday. 


BTC: $43,635,672,080    
ETH: $36,798,175,278
Diff:     $6,837,496,802

With the current circulating supply they should cross at ETH/BTC ~0.1773.
 
This will be the first time a crypto currency has lost the #1 spot but it certainly won't be the last.  It will be interesting to see if there are significant dislocations in prices or if it's a non-event.   Will there be a constantly evolving ecosystem of coins that will backstop some eventual stable average (like S&P500 is for stocks) or will one coin periodically replace another as #1 every 10 years or so?

Well,  ETH has a spectacular increase during one month and I think it must have a big correction before more increase.
ETH coin is highly appreciated in the altcoins and it also needs more time to prove it in the future.

[Keihatsu]

strange how so many "newbies" have been pushing ETH over the past 24/48 hrs.

almost as if a Ukrainian born Canadian has dumped alt coins, tweeted against BTC, bought / pushed ETH and sent his minions here to post.

#justsaying

[slaman29]

Maybe once Bitcoin's scaling issue does the temporary fix, ICOs will again choose Bitcoin. This ETH volume is simply from the dozens of ICOs out there, currently ETH tokens are so sexy and people are buying into it.