The Bitcoin Flippening

[Abiky]

Now that XRP has managed to take Ethereum's place as the second largest cryptocurrency by market cap, it makes me wonder whenever XRP or another cryptocurrency could "flip" Bitcoin?

Once the flippening happens, things could change drastically at least in the way people see Bitcoin in respect to the rival cryptocurrency which has taken place as the world's first largest cryptocurrency by market cap. Of course, even after the flippening, Bitcoin would head its own way in development and innovation just as it has been today.

However, the perception will change as most people believe that market cap rankings determine the success and/or life of a cryptocurrency.

What do you think will happen after the Bitcoin flippening?

[Kopyleft]

By the latest ratings on www.coinmarketcap.com, Ethereum is currently the second cryptocurrency by market capitalization, it regained it's previous position, amd ripple is at third, with about $800,000 between them.

They are both a long way from bitcoin, and a flippening is not going to happen any time soon. A crash in bitcoin pulls other currencies with it, so a reduction in bitcoin's market cap would affect that of other currencies.

[TimtheYoutuber]

Don't Underestimate the power of XRP!...Instead, you should Underevaluate it.

[mk4]

You're weeks late dude. ETH just recently regained the #2 spot. Probably check Coinmarketcap before posting.

src: coinmarketcap.com

Anyway, while XRP overtaking bitcoin is technically possible(non-zero possibility), I really don't see it happening. In the first place, I don't even know what XRP is being used for right now. If that happened though? Yikes. That's probably when I lose hope in the people in the cryptocurrency space.

[3acaga]

If this happens, I think we will get used to another currency as well as to Bitcoin now.
But I will not squeeze a bitcoin good competitor yet ...

[Theb]

Oh please!!!! XRP's market cap isn't even a quarter of Bitcoin's market cap and you are thinking of a possibility that it will overtake Bitcoin as the market leader. Even if you combined the market cap of both Ethereum and XRP you will still see that Bitcoin is still leading the race. But if you think that there will be a shift in the market leader with regards to the possibility of XRP overtaking Bitcoin what I only see is a short term struggle for Bitcoin's price as the market will really be a mess once the king is dethroned in the top spot.

[dothebeats]

Though there is a slim chance for either XRP or ETH to surpass bitcoin in terms of market capitalization, i don't think it will happen that fast, considering how invested people are in bitcoin and the developments that are still currently taking place for the said cryptocurrency. XRP, IMO, won't take a good chance of taking the number one spot considering how constricted the environment is and how limited the usage for the said crypto can be. ETH, on the other hand, has good footing should it take the prime spot since it can be used on a lot of things, and is a basis on some notable cryptocurrencies of today due to its multifunctionality aside from functioning as a cryptocurrency.

[jointherevolution]

I could see other coins be number one on top of cryptocurrency list but not Ripple. Ripple does not make me feel as it would be so important but it is considered good coin by the banks so it is high on the list. From all the coins and tokens I do not think that there is an existing one to be on top of Bitcoin. I will hope to see one such coin for the future.

[gentlemand]

That's probably when I lose hope in the people in the cryptocurrency space.

XRP is not a cryptocurrency and fuck knows how it managed to sneak in in the first place.

If there was a usurping BTC would still be the prime option for what it was designed to do. Bots and pumpers won't change that.

[Xardasim]

Now that XRP has managed to take Ethereum's place as the second largest cryptocurrency by market cap, it makes me wonder whenever XRP or another cryptocurrency could "flip" Bitcoin?

Once the flippening happens, things could change drastically at least in the way people see Bitcoin in respect to the rival cryptocurrency which has taken place as the world's first largest cryptocurrency by market cap. Of course, even after the flippening, Bitcoin would head its own way in development and innovation just as it has been today.

However, the perception will change as most people believe that market cap rankings determine the success and/or life of a cryptocurrency.

What do you think will happen after the Bitcoin flippening?

Firstly, ETH has now taken its place as of today. I do not think it is easy for any altcoin to replace Bitcoin. Bitcoin's dominance in the market is around 50% and while its price goes down, I think others can not afford to replace it. Realization will take a lot time.

[BitcoinExchangeIndia.com]

Not sure if any Crypto Currency will be able to flip Bitcoin, but Bitcoin will definitely flip many Currencies.

[kryptqnick]

Now that XRP has managed to take Ethereum's place as the second largest cryptocurrency by market cap, it makes me wonder whenever XRP or another cryptocurrency could "flip" Bitcoin?

Once the flippening happens, things could change drastically at least in the way people see Bitcoin in respect to the rival cryptocurrency which has taken place as the world's first largest cryptocurrency by market cap. Of course, even after the flippening, Bitcoin would head its own way in development and innovation just as it has been today.

However, the perception will change as most people believe that market cap rankings determine the success and/or life of a cryptocurrency.

What do you think will happen after the Bitcoin flippening?

Beating #1 is much harder than XRP beating Ethereum. Moreover, I don't think Ripple is #2 for a long time, because they are still pretty close. I guess if something could get to #1, it would be something now far behind (oh, ethereum is already #2 again). Ripple and Ethereum seem to be the only ones with chances. Ethereum has to cost about $650 with bitcoin remaining on the same level, whereas Ripple has to be worth around $1.7 to become #1. With bitcoin dominance being that high, it seems unrealistic for coins to go 4x+ in price and bitcoin just hanging in there, so if btc can be pushed down the list, it can happen only during a superbullish market trend.

[franky1]

Now that XRP has managed to take Ethereum's place as the second largest cryptocurrency by market cap, it makes me wonder whenever XRP or another cryptocurrency could "flip" Bitcoin?

go make an altcoin with a trillion coins. and buy one of those coins for $25
........
bam you instantly flippened the entire crypto economy for just $25

learn that market cap is a meaningless number and that the market cap is NOT a holding of value of billions somewhere

[DooMAD]

I'm of the opinion that there's generally too much emphasis on the market cap anyway.  XRP is a permissioned bankster crapcoin.  It stands to reason that crooked middlemen are going to put their ill-gotten gains to use in padding the market cap for a "coin" that helps to preserve their business model.  That doesn't mean real people are actually using XRP or gaining any tangible benefit from it.  Market cap doesn't tell you anything about the number of users or what real-world utility it has.  It may just mean some money is being funnelled into it by a small number of fiat gatekeepers with vested interests.  

Even if Ripple did have the highest market cap, it wouldn't lessen my belief in real cryptocurrency.  

Remember, they can't stop Bitcoin, so the best they can hope to do is pad the numbers for the "walled garden" to make it appear more popular than it really is.

[franky1]

It may just mean some money is being funnelled into it by a small number of fiat gatekeepers with vested interests.  

market cap doesnt even tell you that.
all market cap tells you is if you take the market cap and divide it by the circulated coins. that at the last trade 2 people agreed that one coin was worth  (cap/circulation=last trade value)

market caps are just a meaningless multiplication of the last trade value(current price).. and thats it

[DooMAD]

It may just mean some money is being funnelled into it by a small number of fiat gatekeepers with vested interests.  

market cap doesnt even tell you that.

Hence the conditional auxiliary verb in that sentence, now emphasized for your benefit.  The very point I'm making is that we can't tell.  Try to keep up.

[BenCodie]

Now that XRP has managed to take Ethereum's place as the second largest cryptocurrency by market cap, it makes me wonder whenever XRP or another cryptocurrency could "flip" Bitcoin?

Once the flippening happens, things could change drastically at least in the way people see Bitcoin in respect to the rival cryptocurrency which has taken place as the world's first largest cryptocurrency by market cap. Of course, even after the flippening, Bitcoin would head its own way in development and innovation just as it has been today.

However, the perception will change as most people believe that market cap rankings determine the success and/or life of a cryptocurrency.

What do you think will happen after the Bitcoin flippening?

Not for years to come. Ethereum is only a few years old and has never come close to Bitcoin. While XRP is a promising project, it will still be a long time or would take a break through development to surpass the birth of cryptocurrency.

[stompix]

Oh please!!!! XRP's market cap isn't even a quarter of Bitcoin's market cap and you are thinking of a possibility that it will overtake Bitcoin as the market leader.

There are some that still believe Bcash or Bsv might be able to do it, dreaming and wishing is free after all.

As for the flippening, do you guys remember this?

Can't quote it so I'll add the image

[mk4]

XRP is not a cryptocurrency and fuck knows how it managed to sneak in in the first place.

If there was a usurping BTC would still be the prime option for what it was designed to do. Bots and pumpers won't change that.

Oh it definitely isn't. But knowing that it managed to overtake Ethereum in the past, I since then don't underestimate the ignorance of most people in this space. XRP is pretty much pure PR/marketing. I mean, take a look at Twitter! Along with that, the ignorant reasoning of people: "XRP is cheap". XRP being extremely high in supply hence the lower price is definitely a contributing factor on why people buy XRP.

[kelz1]

Ripple has been dethroned itself but it is probably due to the ethereum fork coming up in the next few weeks. Ripple almost challenged btc in the past and it vould happen again