BTC losing dominance over ETH? - page 2.

BrewMaster

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it is funny how you quote bitcoin price but deliberately ignore the ethereum price! it has been dropping or may be better to call it "dumping' down hard from above $1500 to current $700 and it has been having a lot of trouble going higher than this because of all the dumps that are happening.

jakirtanvir

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yes, it's looks like that. but it is not.
because, if you check the market of these two coins you will understand the deference between BTC and ETH.
yes, I am agree with u about this section only that ETH is being more popular day by day.

joebrook

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Quote from: Jimmy palumbo on May 21, 2018, 04:33:52 AM

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.

That’s th only reasonable answer to the reason why ETH is rising and BTC is currently stagnating. Matters are not helped by the fact that less and less people are staying away from bitcoins because of how unstable the currency is.

jeffeeers

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i dont think BTC will lose dominance to ETH. both will have a massive gain in value and probably ups and downs against eachother. but imo not enough to gain dominance.

Gamblet

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I think no. Ripple is more likely than Ethereum to overtake Bitcoin.https://twitter.com/bluestonebridge/status/995323912299958272
Cardano also wants to overtake Bitcoin. https://ethereumworldnews.com/ceo-cardano-ada-overcome-bitcoin-ethereum-1-year/
The Etherereum is now a difficult period. For this I do not think that we will see its rapid growth now.

carlisle1

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Dont you know how to check market cap?bitcoin holds 37.2% of market share and thats a rise of 1.2% from 36% last quarter.so where did the cnn get their percentage?

No this is another fake news from those against bitcoins.this is not the right time about this kind of topic because we need to grow.dont make politics here

3philong

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I do not think so. But actually I prefer to hold eth than hold btc. In the transaction I also prefer to use eth, probably because the transaction is faster and the cost is cheaper

Oasisman

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Quote from: keanne_isaac on May 21, 2018, 08:14:42 AM

Quote from: berrygood on May 21, 2018, 04:27:01 AM

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.

agree bitcoin seems independent to its platform as long as there are supply and demand it continue to rotate in crypto world. bitcoin still show dominance everytime it goes up or down crypto market is affected including ETH. but until when bitcoin will show dominance in the crypto market only time can tell.

Taking away Bitcoin's dominance is almost impossible. You know why? Because Bitcoin price is the basis of the majority of altcoin's value. While ETH on the other hand has made a lot of innovations, became a popular platform as erc20 tokens, yet its still very far from dethroning Bitcoin.

laurenB7742

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Eth no doubt is second best to invest after BTC. But I don't agree to the fact that BTC is losing his dominance over Eth, compare the current price and volume of BTC with Eth, Eth right now is no way near to BTC.

12tribes

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I think that comparing the bitcoin at this point and other cryptos is doing injustice to it. There's a whole lot of heat and pressure that the bitcoin has come under that the other coins can't ever imagine seeing. The bitcoin is a goldmine any big player would want to have and in a large quantity and to have the ability to manipulate the market. The Mt Gox issue is another negative influence. Lets hope other coins don't get to have a taste of the Mt.Gox incidence.

guybrushthreepwood

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Quote from: kjnfmplm on May 21, 2018, 12:30:15 AM

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%.

And eth has trouble breaking $1000. Eth is a strong competitor to bitcoin but just because bitcoin may be "struggling" to break some arbitrary number in dollars it doesn't mean ethereum is going to "dethrone" bitcoin.

Quote from: kjnfmplm on May 21, 2018, 12:30:15 AM

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.

Well this is misleading. If some random alt coin worth $0.00001 goes up 10% it's still nothing. Most of the smaller coins are just pump and dump schemes designed to make the creators and early investors rich so these sort of quick gains are not uncommon, but they're not much different from ponzi schemes really.

keanne_isaac

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Quote from: berrygood on May 21, 2018, 04:27:01 AM

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.

agree bitcoin seems independent to its platform as long as there are supply and demand it continue to rotate in crypto world. bitcoin still show dominance everytime it goes up or down crypto market is affected including ETH. but until when bitcoin will show dominance in the crypto market only time can tell.

bolbau

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yes i think BTC losing dominance over ETH, look when btc get pumped months ago, ethereum come with it. but when BTC dumped really deep right now, ethereum can make a stability on their price. this is a good sign, ETH is now more interesting for short-term investment. but if the thing is ETH will be replace BTC, i dont think this will be happen in this year. etherum need more time to prove themself as a good altcoin.

fork100

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It seems to me that domination will not happen in the near future, since both these crypto-currencies still exist in the so-called "world." That's when one another completely ousts from the market, then yes, it's domination.

no0dlepunk

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Quote from: kjnfmplm on May 21, 2018, 12:30:15 AM

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.

d5000

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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.

amishmanish

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Quote from: kjnfmplm on May 21, 2018, 12:30:15 AM

--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.

amishmanish

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Quote from: Daisy Smith on May 21, 2018, 04:06:47 AM

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.

jademacoy

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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.

oppasong

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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.

Topic: BTC losing dominance over ETH? - page 2. (Read 462 times)