Bitcoin Forum
November 14, 2018, 02:52:12 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: [2018-09-12] Bitcoin Dominance Eyes 60% as Ethereum Price Flounders  (Read 243 times)
Terraformer
Sr. Member
****
Offline Offline

Activity: 546
Merit: 251


BQT - Social P2P Crypto Exchange


View Profile
September 12, 2018, 08:04:26 AM
 #1

The recent fallout in altcoin prices, particularly ethereum, has boosted bitcoin’s dominance of the crypto market, now commanding nearly 60% of market share.

As of today, bitcoin holds 56.72% of the market compared to ethereum’s 12.62%, according to CoinMarketCap.

Bitcoin’s price woes of the past month have not been enough to compromise its market dominance, largely because ethereum’s struggles have been disproportionately fiercer.

None of the other altcoins have been a factor in the historic bitcoin/ethereum rivalry for crypto market dominance, a rivalry that has consistently favored bitcoin.



The orange line presents bitcoin’s crypto market share while the dark blue line shows Ethereum’s. Source: coinmarketcap.com

Continue reading >> https://www.ccn.com/bitcoin-dominance-eyes-60-as-ethereum-price-flounders/


       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
   
       █
      ██
     ██
   ██ ██
 █ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
██ ██ ██
  B

          ▄▄▄▄▄▄
     ▄▄████████████▄▄
   ▄█████▀▀    ▀▀█████▄
  ████▀            ▀████
 ████                ████
▐███                  ███▌
███▌                  ▐███
▐███           ▄▄     ███▌
 ████         ▀███▄  ▐███
  ████▄         ▀███▄███
   ▀█████▄▄     ▄█████▀
     ▀▀████████████▀▀
          ▀▀▀▀▀▀
T 
Better. Quick.

Transparent.






             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀






▄█████████████████████████▄
███████████████████████████
███████████████▀       ████
██████████████      ▄▄▄████
██████████████    ▐████████
██████████████    ▐████████
██████████            ▐████
██████████            █████
██████████████    ▐████████
██████████████    ▐████████
██████████████    ▐████████
▀█████████████    ▐███████▀






                   ▄▄████
              ▄▄████████▌
         ▄▄█████████▀███
    ▄▄██████████▀▀ ▄███▌
▄████████████▀▀  ▄█████
▀▀▀███████▀   ▄███████▌
      ██    ▄█████████
       █  ▄██████████▌
       █  ███████████
       █ ██▀ ▀██████▌
       ██▀     ▀████
                 ▀█▌
1542207132
Hero Member
*
Offline Offline

Posts: 1542207132

View Profile Personal Message (Offline)

Ignore
1542207132
Reply with quote  #2

1542207132
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542207132
Hero Member
*
Offline Offline

Posts: 1542207132

View Profile Personal Message (Offline)

Ignore
1542207132
Reply with quote  #2

1542207132
Report to moderator
1542207132
Hero Member
*
Offline Offline

Posts: 1542207132

View Profile Personal Message (Offline)

Ignore
1542207132
Reply with quote  #2

1542207132
Report to moderator
1542207132
Hero Member
*
Offline Offline

Posts: 1542207132

View Profile Personal Message (Offline)

Ignore
1542207132
Reply with quote  #2

1542207132
Report to moderator
Lucius
Legendary
*
Offline Offline

Activity: 1232
Merit: 1074


Fortis Fortuna Adiuvat


View Profile WWW
September 12, 2018, 09:49:40 AM
 #2

This is really a bloody bath for almost all altcoins, while BTC is still keeps its position above 6000$ some other coins experiencing a perhaps the worst days of their existence. In case of ETH situation looks pretty bad, only in last 30 days it is fall from 320$ to only 170$ and it keeps going down. It is therefore not surprising that BTC dominance going up and it is close to 60% ( currently 57.9% ), and it is just showing that people trust is most in BTC.

However, although the situation may seem dramatic for some observers and holders, for some others this is great opportunity to invest, assuming they believe in recovery of crypto market in future.

   ███                       
   █████                     
  ███████                    
 ██████████        █         
  █████████      ████        
  ████████      ██           
     ██████    ██            
       ██████████            
            ██████   ███████ 
         █████  ██████████████
       ███ ███  ████████████ 
       ██ █          █       
      █                      
     █                       
.
                          ██ 
                       █████ 
                      ███████
           █        ██████████
          ████      █████████
             ██      ████████
              ██    ██████   
              ██████████     
   ███████   ██████          
 ██████████████  █████       
   ████████████  ███ ██      
    ██████          █ ██     
                        █    
                         █  




███           
██████        
████████     
██████████    
████████████ 
██████████████
██████████████
████████████  
██████████    
████████      
██████        
███           
.

██████████
██████████
██████████
██████████
.

          ████
        ██████
      ████████
    ██████████
  ████████████
██████████████
██████████████
  ████████████
    ██████████
      ████████
        ██████
           ███
hatshepsut93
Hero Member
*****
Offline Offline

Activity: 966
Merit: 604


Vires in numeris


View Profile
September 12, 2018, 10:21:08 AM
Merited by Lucius (1)
 #3

Remember how in the last year Ethereum fans were anticipating "the Flippening" - a scenario when ETH marketcap surpasses Bitcoin marketcap. For a few days a lot of people seriously believed in this possibility, but now, a bit more than 1 year after, crypto community seriously discusses how Ethereum is going to die soon. Everyone should take this as a lesson of how a common sentiment is never a good indicator of the future and how volatile and experimental the world of cryptocurrencies is.

Sutters Mill
Hero Member
*****
Offline Offline

Activity: 854
Merit: 543


Cryptophile at large


View Profile
September 12, 2018, 12:30:29 PM
 #4

Ethereum's drastic fall recently is quite surprising to me as ETH actually seems to be one of the coins with at least something behind it with smart contracts etc. Does anyone know if there's any accepted reasons why it's fallen so much? Haven't really seen any bad news that could have caused it so I'm quite baffled by this drop.

Remember how in the last year Ethereum fans were anticipating "the Flippening" - a scenario when ETH marketcap surpasses Bitcoin marketcap. For a few days a lot of people seriously believed in this possibility, but now, a bit more than 1 year after, crypto community seriously discusses how Ethereum is going to die soon. Everyone should take this as a lesson of how a common sentiment is never a good indicator of the future and how volatile and experimental the world of cryptocurrencies is.

Wasn't that Bitcoin Cash? Regardless and like I said above, I thought that if any coin would gain any ground on bitcoin or come to rival it would be eth. I still don't think eth is over and far from dead and it'll probably bounce back at some point though.
1Referee
Legendary
*
Online Online

Activity: 1694
Merit: 1218


View Profile
September 12, 2018, 12:58:38 PM
 #5

Ethereum's drastic fall recently is quite surprising to me as ETH actually seems to be one of the coins with at least something behind it with smart contracts etc. Does anyone know if there's any accepted reasons why it's fallen so much? Haven't really seen any bad news that could have caused it so I'm quite baffled by this drop.

Ethereum has nothing other than speculation to back it.

ICO's are what made its price explode in 2017, and ICO's are causing its price to implode right now. As for the smart contracts, it's just a bunch of utter nonsense. If you look at the distrubution of use on the Ethereum platform, then it's 95% fraud and speculation, and 5% actual use. 5% actual use in no shape or form is enough to have Ether be worth even $100 per token.

In the end, projects operating on top of Ethereum can't pay their bills in Ether. They need cold hard fiat in order to operate. Ethereum is going down quite fast, but it's nothing to be surprised about. I think it will bounce back up to a certain degree eventually, but it will be very hard to gain back its previous dominance with other platforms being around, which at the same time are 100-1000x more scalable. Sorry Ether, you failed. Vitalik doesn't even care.

Sutters Mill
Hero Member
*****
Offline Offline

Activity: 854
Merit: 543


Cryptophile at large


View Profile
September 12, 2018, 01:03:50 PM
 #6

Ethereum's drastic fall recently is quite surprising to me as ETH actually seems to be one of the coins with at least something behind it with smart contracts etc. Does anyone know if there's any accepted reasons why it's fallen so much? Haven't really seen any bad news that could have caused it so I'm quite baffled by this drop.

Ethereum has nothing other than speculation to back it.


I don't think this is true at all. You can't discount smart contracts as that is where its value lies. Surely you could just as easily say speculation is all bitcoin has as well. You might as well say take away bitcoin's mechanism as payment system and what do you have left? Well bitcoin being a payment system is pretty much its bread and butter much like smart contracts is to eth.
Taki
Hero Member
*****
Offline Offline

Activity: 938
Merit: 514


Personal Text: ★OneHash.com - Leading Mutua


View Profile
September 12, 2018, 01:10:26 PM
 #7

Crypto currencies are such things where you never know what is going to be next. I had very big expectations in Etherum and I still have, but now I'm full of doubts. Couple months ago I've got a Eth payment per some promotion job on social media and that time Etherum costed around 600$ so I decided to keep it in Eth with expectation that the price will go higher. This days I'm often thinking that I should to sell those  4 Eth immediately or to buy bitcoin, cause of Eth fuel almost three times lower during a short period of time, but Btc didn't loose too much if to see in percentage.

1Referee
Legendary
*
Online Online

Activity: 1694
Merit: 1218


View Profile
September 12, 2018, 01:11:17 PM
 #8

I don't think this is true at all. You can't discount smart contracts as that is where its value lies. Surely you could just as easily say speculation is all bitcoin has as well. You might as well say take away bitcoin's mechanism as payment system and what do you have left? Well bitcoin being a payment system is pretty much its bread and butter much like smart contracts is to eth.

Perhaps you need to open your eyes. Did you ever attempt to use Ethereum?

And take away Bitcoin's payment system? Why would anyone discard an aspect of Bitcoin that's actually being used?

Bitcoin is the reserve currency of the whole crypto industry. It's actually being used as means of exchange. It's being used as store of value. Bitcoin is the sole reason altcoins have an indication of value at all. If Bitcoin wasn't used as benchmark, Ethereum and all other coins would be valued at least 75% below their latest exchange rate.

hatshepsut93
Hero Member
*****
Offline Offline

Activity: 966
Merit: 604


Vires in numeris


View Profile
September 12, 2018, 02:02:10 PM
 #9


Wasn't that Bitcoin Cash? Regardless and like I said above, I thought that if any coin would gain any ground on bitcoin or come to rival it would be eth. I still don't think eth is over and far from dead and it'll probably bounce back at some point though.

Yes, Bcash people were also talking about their own flippening, and probably still talk now, but they are just being delusional, because Bcash price was nowhere near close to that, while ETH had 30.63% dominance against Bitcoin's 37.82%.

You're right, ETH is not going to die anytime soon, unless maybe it's competitors will roll out some new tech that is objectively better, which I doubt. Maybe Ethereum can even be useful without decent scalability for some smart contracts that don't require frequent transactions. It's too early to call doom/moon now, because in terms of software so many things can change in a couple of years.

milewilda
Legendary
*
Offline Offline

Activity: 1106
Merit: 1011



View Profile
September 12, 2018, 03:02:34 PM
 #10

Remember how in the last year Ethereum fans were anticipating "the Flippening" - a scenario when ETH marketcap surpasses Bitcoin marketcap. For a few days a lot of people seriously believed in this possibility, but now, a bit more than 1 year after, crypto community seriously discusses how Ethereum is going to die soon. Everyone should take this as a lesson of how a common sentiment is never a good indicator of the future and how volatile and experimental the world of cryptocurrencies is.
Those anticipation was still fresh on my memory where ETH fans do really have that confidence about that flippening but that thing didnt happen but somehow it do really give out some close percentage gaps
when it comes to dominance.If im not wrong these are the possible nearest point between btc and eth:


.BitDice.               ▄▄███▄▄
           ▄▄██▀▀ ▄ ▀▀██▄▄
      ▄▄█ ▀▀  ▄▄█████▄▄  ▀▀ █▄▄
  ▄▄██▀▀     ▀▀ █████ ▀▀     ▀▀██▄▄
██▀▀ ▄▄██▀      ▀███▀      ▀██▄▄ ▀▀██
██  ████▄▄       ███       ▄▄████  ██
██  █▀▀████▄▄  ▄█████▄  ▄▄████▀▀█  ██
██  ▀     ▀▀▀███████████▀▀▀     ▀  ██
             ███████████
██  ▄     ▄▄▄███████████▄▄▄     ▄  ██
██  █▄▄████▀▀  ▀█████▀  ▀▀████▄▄█  ██
██  ████▀▀       ███       ▀▀████  ██
██▄▄ ▀▀██▄      ▄███▄      ▄██▀▀ ▄▄██
  ▀▀██▄▄     ▄▄ █████ ▄▄     ▄▄██▀▀
      ▀▀█ ▄▄  ▀▀█████▀▀  ▄▄ █▀▀
           ▀▀██▄▄ ▀ ▄▄██▀▀
               ▀▀███▀▀
        ▄▄███████▄▄
     ▄███████████████▄
    ████▀▀       ▀▀████
   ████▀           ▀████
   ████             ████
   ████ ▄▄▄▄▄▄▄▄▄▄▄ ████
▄█████████████████████████▄
██████████▀▀▀▀▀▀▀██████████
████                   ████
████                   ████
████                   ████
████                   ████
████                   ████
████▄                 ▄████
████████▄▄▄     ▄▄▄████████
  ▀▀▀█████████████████▀▀▀
        ▀▀▀█████▀▀▀
▄▄████████████████████████████████▄▄
██████████████████████████████████████
█████                            █████
█████                            █████
█████                            █████
█████                            █████
█████                     ▄▄▄▄▄▄▄▄▄▄
█████                   ▄█▀▀▀▀▀▀▀▀▀▀█▄
█████                   ██          ██
█████                   ██          ██
█████                   ██          ██
██████████████████▀▀███ ██          ██
 ████████████████▄  ▄██ ██          ██
   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ██          ██
             ██████████ ██          ██
           ▄███████████ ██████▀▀██████
          █████████████  ▀████▄▄████▀
[/]
Theb
Sr. Member
****
Offline Offline

Activity: 742
Merit: 323



View Profile
September 12, 2018, 03:46:59 PM
 #11

The price dominance of Bitcoin is giving a wide gap between it and other cryptocurrencies that even if they are all falling down in the market it is pretty tempting to exchange your BTC to the likes of Ethereum or even XRP. The price margin being bigger is ideal for people who have not shifted their money to Fiat and is still currently holding a falling asset like BTC because you will still get more cryptocurrencies in return as the price dominance of BTC is bigger compared to other cryptocurrencies such as ETH which is falling down at a much faster rate.

FORTUNEJACK
      ▄▄███████▄▄
   ▄████▀▀ ▄ ██████▄
  ████ ▄▄███ ████████
 █████▌▐███▌ ▀▄ ▀█████
███████▄██▀▀▀▀▄████████
█████▀▄▄▄▄█████████████
████▄▄▄▄ █████████████
 ██████▌ ███▀████████
  ███████▄▀▄████████
   ▀█████▀▀███████▀
      ▀▀██████▀▀
         
         █
...FortuneJack.com                                             
...THE BIGGEST BITCOIN GAMBLING SITE
       ▄▄█████████▄▄
    ▄█████████████████▄
  ▄█████████████████████▄
 ▄██
█████████▀███████████▄
██████████▀   ▀██████████
█████████▀       ▀█████████
████████           ████████
████████▄   ▄ ▄   ▄████████
██████████▀   ▀██████████
 ▀██
█████████████████████▀
  ▀██
███████████████████▀
    ▀█████████████████▀
       ▀▀█████████▀▀
#JACKMATE
WIN 1 BTC
▄█████████████████████████▄
███████████████████████████
███████████████████████████
██████████▀█████▀██████████
███████▀░░▀░░░░░▀░░▀███████
██████▌░░░░░░░░░░░░░▐██████
██████░░░░██░░░██░░░░██████
█████▌░░░░▀▀░░░▀▀░░░░▐█████
██████▄░░▄▄▄░░░▄▄▄░░▄██████
████████▄▄███████▄▄████████
███████████████████████████
███████████████████████████
▀█████████████████████████▀
Sutters Mill
Hero Member
*****
Offline Offline

Activity: 854
Merit: 543


Cryptophile at large


View Profile
September 12, 2018, 03:52:18 PM
 #12

I don't think this is true at all. You can't discount smart contracts as that is where its value lies. Surely you could just as easily say speculation is all bitcoin has as well. You might as well say take away bitcoin's mechanism as payment system and what do you have left? Well bitcoin being a payment system is pretty much its bread and butter much like smart contracts is to eth.

Perhaps you need to open your eyes. Did you ever attempt to use Ethereum?

Yes. What is the problem with it and what exactly should I open my eyes to?

And take away Bitcoin's payment system? Why would anyone discard an aspect of Bitcoin that's actually being used?

Because you said all Eth was nothing but a speculative tool, which is incorrect. The exact same is more true of bitcoin, but eth has the added value of things like smart contracts. Bitcoin just has the brand name and fanatics and hypebois behind it hoping that one day it will actually recover to become profitable for them.  

Bitcoin is the reserve currency of the whole crypto industry.

Any other currency could become the 'reserve' currency. Bitcoin is currently only more popular because it was the first. The big issue with bitcoin is that a lot of its value is based on speculative hype which relies on new blood to prop it up but once they panic and drop out the bubble quickly bursts.

It's actually being used as means of exchange.

So is practically every other coin including eth.

It's being used as store of value.

Bitcoin is currently a terrible store of value. It lost over $10k within months. That's not something to boast about.

Bitcoin is the sole reason altcoins have an indication of value at all. If Bitcoin wasn't used as benchmark, Ethereum and all other coins would be valued at least 75% below their latest exchange rate.

That's pure speculation, but if bitcoin tanked to zero there would be another coin that would replace it. Bitcoin offers nothing else that any other coin can't and is one of the reasons why bitcoin is very risky to me. There's no good reason why bitcoin can't lose market dominance very quickly and be usurped by a new or even existing coin, especially if it has more benefits than just a speculative asset.
vit05
Sr. Member
****
Offline Offline

Activity: 462
Merit: 338



View Profile WWW
September 12, 2018, 03:53:43 PM
 #13

Some projects will finally die. It is quite probable that the small projects that have collected some ETH in their ICO no longer have sufficient balance to continue investing heavy in marketing and deceiving some users spreading false news in social networks.

We had too many projects, too many tokens. That did not serve for anything.
Kemarit
Legendary
*
Offline Offline

Activity: 1078
Merit: 1087


View Profile
September 12, 2018, 04:32:33 PM
Merited by Sutters Mill (1)
 #14

Ethereum's drastic fall recently is quite surprising to me as ETH actually seems to be one of the coins with at least something behind it with smart contracts etc. Does anyone know if there's any accepted reasons why it's fallen so much? Haven't really seen any bad news that could have caused it so I'm quite baffled by this drop.

Remember how in the last year Ethereum fans were anticipating "the Flippening" - a scenario when ETH marketcap surpasses Bitcoin marketcap. For a few days a lot of people seriously believed in this possibility, but now, a bit more than 1 year after, crypto community seriously discusses how Ethereum is going to die soon. Everyone should take this as a lesson of how a common sentiment is never a good indicator of the future and how volatile and experimental the world of cryptocurrencies is.

Wasn't that Bitcoin Cash? Regardless and like I said above, I thought that if any coin would gain any ground on bitcoin or come to rival it would be eth. I still don't think eth is over and far from dead and it'll probably bounce back at some point though.

For all the semantics:

Ethereum - Flippening
XRP - Rippening.


I was not surprised by the dramatic fall though, back around April or May I think, I see Ethereum continued to free fall because of ICO project dumping to recover their cost and those bounty hunters doesn't really care about their token so they all dump simultaneously and for me the scenario will likely to continue. And now that they are getting smart, they dump, then shift to Bitcoin, just look at the dominance of Bitcoin now close to what 60%? ETH has the fundamentals, but as this point it will continue to suffer because of the dumps (ICO's and bounty hunters) and I suspect that EOS has something to do with the current price slump as well.

hugeblack
Sr. Member
****
Offline Offline

Activity: 504
Merit: 355


Do it with passion, or not at all.


View Profile WWW
September 12, 2018, 04:52:00 PM
 #15

This year saw the creation of many shitcoins that are worthless, all to increase Market Cap "more Circulating Supply" and speculation.
What is happening now is the same fate of many countries that are printing more and more currencies to solve their problems.

Ether is being circumscribed, but there are a lot of ICOs that need to end where we see a fresh market.
I do not know why everyone focuses on "Bitcoin Dominance," in my view, the correct number is 99%.

1Referee
Legendary
*
Online Online

Activity: 1694
Merit: 1218


View Profile
September 12, 2018, 05:01:48 PM
 #16

@Sutters Mill,

You are desperately trying to discredit Bitcoin and praise other altcoins as if they are anything special. Perhaps you're on the wrong part of the forum man.

Bitcoin a horrible store of value?

Values as per the 10th of September 2017;

Bitcoin $4083
Ethereum $281
XRP $0.20
BCash $515

Values as per today;

Bitcoin $6250
Ethereum $170
XRP $0.25
BCash $420

It's not Bitcoin's fault that people buy in at peak levels. Blame people for that.

I'm not going to waste another second on you.

gentlemand
Legendary
*
Online Online

Activity: 1820
Merit: 1291


Hello You


View Profile
September 12, 2018, 06:51:34 PM
Merited by Sutters Mill (1)
 #17

I don't think this is true at all. You can't discount smart contracts as that is where its value lies. Surely you could just as easily say speculation is all bitcoin has as well. You might as well say take away bitcoin's mechanism as payment system and what do you have left? Well bitcoin being a payment system is pretty much its bread and butter much like smart contracts is to eth.

Bitcoin has one job - being Bitcoin. That involves being hard to stop, hard to control, impossible to corrupt and letting anyone who fancies join in. To fulfill that all it has to do is be sendable and receivable in a timely manner.

ETH is trying to do too much and it can't cope enough to do any of it well. It's not foolproof, it's not immutable and its contracts often have not been secure. By an objective measure it's failed to do its job so far.

It might pull it back and improve. I think the more likely outcome is that the Fisher Price of smart contract projects will come along and ejaculate up its arse until it drowns in its successor's sperm from the inside out. That's if anyone figures out what smart contracts are truly for.

Its prime problem has been ICOs. I wonder where it would be if they hadn't come along. Smaller but stronger most likely.

BitHodler
Legendary
*
Offline Offline

Activity: 1078
Merit: 1077


View Profile
September 12, 2018, 07:28:55 PM
 #18

Its prime problem has been ICOs. I wonder where it would be if they hadn't come along. Smaller but stronger most likely.
If we go by the charts, the very first ICO activity pumped Ethereum to an all time high of $50 back in 2017 and we all know what happened after that. It was one hack of a run but unsustainable for obvious reasons.

People we're calling Arthur Hayes an idiot for calling Ethereum a double digit shitcoin, but suddenly everything starts to make sense for the same people with how it keeps tanking.

I suspect that EOS has something to do with the current price slump as well.
Must be part of it with how they raised more than 7 million ETH tokens. It's crazy to think that you grant your worst enemy, because that's what EOS is, so much control of circulating supply and voting power.

It may very well be that through proxy EOS will troll vote ETH development. They already decided to lower block rewards to 2ETH instead of 3ETH, which is a daring move if the price doesn't increase beyond previous levels.

aso118
Legendary
*
Offline Offline

Activity: 1918
Merit: 1012


★Nitrogensports.eu★


View Profile
September 12, 2018, 07:40:20 PM
 #19

It is not just Ethereum. Most altcoins have lost a significant chunk of their value, down more than 80-90% from their peaks. I guess we will see some altcoins drop to zero shortly. The era of raising millions with nothing but a white paper are well and truly over. Yes


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
figmentofmyass
Hero Member
*****
Offline Offline

Activity: 952
Merit: 623



View Profile
September 12, 2018, 07:56:33 PM
 #20

Remember how in the last year Ethereum fans were anticipating "the Flippening" - a scenario when ETH marketcap surpasses Bitcoin marketcap. For a few days a lot of people seriously believed in this possibility, but now, a bit more than 1 year after, crypto community seriously discusses how Ethereum is going to die soon. Everyone should take this as a lesson of how a common sentiment is never a good indicator of the future and how volatile and experimental the world of cryptocurrencies is.

sentiment is a great indicator, but good traders usually bet against the crowd, not with it.

i never bought the "flippening" hype. i knew that both ETH and BTC were forming a blow-off top (not that i or anyone was able to call the top accurately). it was plain as day for anyone whose ridden bitcoin and altcoin bubbles before.

but by the same token, sentiment works in both directions. like you say, "the crypto community seriously discusses how Ethereum is going to die soon." sentiment has completely flipped. remember what happens every time people say "bitcoin is dead" and be wary of getting too bearish on altcoins after they've already fallen 85-95%. when the altcoin haters are celebrating in the streets, we're usually close to the bottom.

Pages: [1] 2 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!