Topic: BTC losing dominance over ETH? - page 3. (Read 462 times)

many people quickly assume that bitcoin today is already weak, and the prospects begin to be unclear. bitcoin is still high because it is sustained by investors only. I never imagined what would happen if all the bitcoin investors left.

maybe bitcoin will die before its supply runs out.
and after that ETH will dominate the market.

but, that will not happen in a short time. even after bitcoin runs out, ETH cannot go quickly to the king's seat replaced bitcoin.

For me personally I think is like a FUD.
Yes the movement of bitcoin are slowly drop and ethereum are slowly increasing but it doesn't mean the ethereum will replace the bitcoin.

Look one of the biggest mistakes people make when discussing dominance is looking at that figure on coin market cap.

The market cap and dominance figures should both be seen with a great deal of skepticism. Why well because most of the coins listed on cmc have really thin order books (no volumes) and someone with even about 100 btc or so could easily push a 10 million market cap coin to say 50-90 million by himself. As you can imagine when this happens with  a lot of these different coins it will naturally push the btc dominance chart down, but thats not to say that btc is losing value in the market.

Furthermore the huge number of icos which are taking place on a daily basis right now many of which raise 5-25 million dollars means that btc dominance will continue to fall over time, but again its important to consider that most of these icos are outright fraud or dont actually raise the figures they quote and a lot of them will end up failing. All this leads meto conclude that you really shouldn't focus to much on those cmc dominance and market cap figures

Eth is in second place because it's the choice or preferred by majority of Ico, but if there are few ICO, the volume will not be as high as we are seeing now, there's a lot of new coins coming up that might challenge Eth supremacy we are going to see that in a few more months.

Still doubt that people will get rid of the bitcoin. Also what makes you think that 37% dominance is loosing percentage here for the BTC? If there is even 10% dominance then it means something to BTC as it is always against the whole crypto currencies out there and not just the ETH. If you compare with ETH then it could stand a chance to have dominance over the ETHa round 70% and rest 30% counts for the altcoins other than these two.

Now make up your mind and ask yourself what could be life changing? BTC or ETH.

Bitcoin dominance isn't a child's play and it won't be easy for Ethereum to easily overtake it. Bitcoin has set the start up and it would be up for a long while. Not doubting some other altcoins taking the shine though.

I completely agree with you, and If someone is planning to switch over from BTC to ETH, that's a bad bad move.

Sounded like FUd already  Its true that BTC is slowing down but once you all guys dump your BTC for the token mentioned like ETH, NEO and OnT. You'd be chasing your trade which you could have hold your BTC for bigger profit. It all depend up to you but You'd rather be sticking to the king to see its price to be $50K in your wallet.

It is true at this time that ethereum has a better rise and does not wait for bitcoin prices to rise first, and I think it could all be that ethereum can replace bitcoin in the future and bitcoin will be below ethereum, all can change and nothing lasts .

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.

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.

It's highly unlikely but you know the recent statement by the Co founder of apple that stated that " etherum is likely to be the next apple " have changed view of many and now people are running after etherum leaving Bitcoins.
But the percentage of people doing this is comparatively low thus one should understand that it's not the case no variant is completely wiped out and sooner or later the Bitcoins will rise we just need to hold and wait.

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.

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?