There is no Flippening

[MadGamer]

I've seen a few posts the last few hours where people are saying that people are switching to ETH and that's why it's increasing right now while BTC is declining a bit.

Just wanted to give my opinion about this matter, BTC and ETH are not meant to be for the same purpose to start with, one is meant to build applications on and the other is a digital cash system. Therefore, a flippening is not going to happen.

[tsaroz]

I've seen a few posts the last few hours where people are saying that people are switching to ETH and that's why it's increasing right now while BTC is declining a bit.

Just wanted to give my opinion about this matter, BTC and ETH are not meant to be for the same purpose to start with, one is meant to build applications on and the other is a digital cash system. Therefore, a flippening is not going to happen.

You are correct. Almost all of ETH volume are coming from new investments and not directly from Bitcoin. Though some of them might be USD fixed tokens, among the top 10, top 9 of ETH transaction in last 24 hours is ETH/USD.

[serjent05]

The sudden increase of ETH price is possibly because of Spedn, an ethereum based apps that accept several cryptocurrency.

The app works with Bitcoin, Ethereum, Bitcoin Cash, and Gemini currencies. Spedn generates a barcode that the cashier can scan. Retailers do not need any new hardware to accept the payment method. They only need to configure their scanners to read the Spedn codes.

https://www.techspot.com/news/80072-flexa-spedn-app-you-pay-crypto-several-retailers.html

It also affect Eth the same way it affected BTC.  As for the decline in price of Bitcoin, I believe in every major run there is always a set back for correction which we are now seeing.  This is normal.  
I also agree that there is no Flippening because both cryptocurrency reacted positively on the news about starbucks and other stores accepting cryptocurrency.

Just wanted to give my opinion about this matter, BTC and ETH are not meant to be for the same purpose to start with, one is meant to build applications on and the other is a digital cash system.

Most traders does not give a thing about the usage of each cryptocurrency.  They are here to profit so if they see even a little window to get a profit in a trade, they will grab it regardless of what they are trading.

[livingfree]

I dont see that as well. I go with same opinion that there is no switching of bitcoin people into ethereum. As expected, it is just another reaction that ethereum has moved as it is and the amount increased for ethereum isnt too high.

Compare that to bitcoin's pump lately, came from $5000 moved to $8000. That is more interesting although it didnt moved forward to $8500.

[Decksperiment]

I think there is little possibility that investors will take sides between BTC and ETH as both are worthy projects with their own unique strenghts and capabilitites. Nevertheless, what is happening right now is just normal across crypto markets since both are poised to do significant recoveries from the losses incurred during the recent bearish market and a little volatility between them  can't be concluded as flippening!

[redsun114]

I've seen a few posts the last few hours where people are saying that people are switching to ETH and that's why it's increasing right now while BTC is declining a bit.

Just wanted to give my opinion about this matter, BTC and ETH are not meant to be for the same purpose to start with, one is meant to build applications on and the other is a digital cash system. Therefore, a flippening is not going to happen.

Those people who are saying that people are switching their bitcoin for ethereum don't really know how the market works and they should be ignored or at least corrected, I don't see any reason why anyone would want to switch their bitcoin to ethereum when they are experiencing a growth in the price of bitcoin and there is no event occuring in ethereum that should warrant such act, so I don't believe that a single bit and it's not true.

[Herbert2020]

the pumpers in 2017 started the "flippening" thing and then started pumping a couple of shitcoins with that. the shitcoins in that list are Dash, ETH, BCH and XRP. ever since those days every time newbies who lost money in those times when the same pumpers dumped on their head, want a rise to dump their bags they start repeating the same thing thinking if they do that they can magically see a pump

the funny part is that when bitcoin was going up, ETH was dumping, and when bitcoin corrected ETH got dumped again.

[danielchris]

ETH.mostly based apps on  the various crypto currency .then maybe rate will increase in future. I think so.