Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High - page 3.

mk4

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Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk?

Oh we have A LOT of that. Check out Reddit r/cryptocurrency and Crypto Twitter(from those so called "cRyPtO iNfLuEnCeRs") if you want to lose a good amount of your brain cells. Thankfully were mostly bitcoin-bulls here on Bitcointalk.

Saisher

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Please do check the dominance level before shilling Eth it's not what half of what Bitcoin has I am also a big supporter of Ethereum but to say that Bitcoin is losing it's dominance and Ethereum is fast moving and big threat is not true.
Dominance:
BTC 55.6%
ETH 12.6%
USDT 4.04%

600watt

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I don’t think you can use the word „dominance“ for something that has no dominance. It has either to be more than 50% or it has to be the way biggest of lots of small contenders. Bitcoin is both, eth is none of these.

Soooo.... you should re-name it into ETH-inferiority

Yaunfitda

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Quote from: cryptomaniac_xxx on September 04, 2020, 02:24:08 AM

Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

There could be some ETH enthusiast you might be talking about flippening, but I don't think it will gain traction though. And no, it won't happen, one thing that it experience, similar to bitcoin is the exorbitant gain fees lately, even higher that BTC itself. And we all know what's fueling the altcoin bubble, the Defi madness.

As far as I can remember, the so called Flippening is based on price, meaning Ethereum price should be at par or higher than Bitcoin. And obviously, Ethereum is not even closed. But I do agree that the sudden dominance of Ethereum or at least some major altcoins are due to the Defi craze. Interesting to see what will happen to Bitcoin though, seems the decline has stop a bit, $10,300 is more likely we are going to settle for this week.

cryptomaniac_xxx

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Quote from: slaman29 on September 04, 2020, 01:06:17 AM

Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

There could be some ETH enthusiast you might be talking about flippening, but I don't think it will gain traction though. And no, it won't happen, one thing that it experience, similar to bitcoin is the exorbitant gain fees lately, even higher that BTC itself. And we all know what's fueling the altcoin bubble, the Defi madness.

@STT - I'm inclined to believed that we might see BTC going sideways this weekend.

STT

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ETH isnt the reason for BTC to pull back, its already exceptional that BTC recovers this fast this year. Both BTC and ETH can do well and have done well historically, I dont see them as opposed exactly more likely ETH now catches up from a lower point due to its ICO deleveraging effect.
The point for BTC to watch over a wider period is 10500 which was a previous ceiling, we are back below that point now which is important to note. I do wonder if we drift back over the border somehow for the weekend, or it might be more strictly patrolled then this.

slaman29

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Surely we're not talking about another round of flippening talk? I mean, sure Defi will grow and grow and some day unlimited supply means it will eventually get closer to BTC but bubbles burst eventually, and Bitcoin doesn't need a defi craze to grow!

kolbalish

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Crypto Article Sharer!!!

Bitcoin continues to slide while ether has a larger share of the crypto market than it has had in years.

Bitcoin (BTC) trading around $10,726 as of 20:00 UTC (4 p.m. ET). Slipping 6.1% over the previous 24 hours.
Bitcoin’s 24-hour range: $10,468-$11,474
BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians.

Bitcoin continues its downward trend Thursday, with prices descending as low as $10,468 on spot exchanges such as Coinbase. While it has recovered a bit, traders selling for profits has certainly been the theme right now.

Reference: https://www.coindesk.com/market-wrap-bitcoin-eth-dominance?amp=1

Topic: Bitcoin Tanks to $10.4K; ETH Market Dominance at 2020 High - page 3. (Read 527 times)