BTC losing dominance over ETH?

[kjnfmplm]

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?

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[Daisy Smith]

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.

[fiulpro]

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.

[berrygood]

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.

[Jimmy palumbo]

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.

[gobingo]

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 .

[cabron]

Sounded like FUd already  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.

[derago21]

Sounded like FUd already  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.

[Phlaser]

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.

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?

[Flexystar]

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.

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.

[plr]

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.

[ice guy john]

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?

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

[Rhaizan]

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?

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.

[badakjawa]

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.

[oppasong]

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.

[jademacoy]

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.

[amishmanish]

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.

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.

[amishmanish]

--snip--
 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?

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. 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.

[d5000]

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, 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.

[no0dlepunk]

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?

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.