Can Eth flip BTC and why this is good?

Wawa2013

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Quote from: Fivestar4everMVP on November 09, 2021, 02:10:54 PM

Anyone hoping or thinking ether can flip bitcoin to become the number crypto coin in terms of market cap is on a long thing, not saying its impossible but this have a very very low chance of ever happening now and even in the long term.
This is majorly because bitcoin still have the highest, over 40 percent of the entire crypto market capitalization dominance, which means bitcoin still controls the entire market in some ways, as ether goes up, bitcoin is also going up, ether has a higher chance of flipping bitcoin if bitcoin's market dominance comes down to atleast 20 percent.

Like you said the chances of Ethereum to flip Bitcoin are very low, especially with Bitcoin still dominating the market, it is almost impossible for
Ethereum to flip Bitcoin. But anything can happens, of course the Ethereum holders will benefit if Ethereum manages to flip Bitcoin,
but in my personal opinion it is impossible, even in the long term. I feel Bitcoin is too strong to beat, even besides Ethereum there have been
many other projects that were created to beat Bitcoin, but none of the projects beat Bitcoin. After all, Bitcoin dominates the market for more than
a decade, it has proven how Bitcoin is indeed very strong and has always been the number one choice for most investors.

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Anyone hoping or thinking ether can flip bitcoin to become the number crypto coin in terms of market cap is on a long thing, not saying its impossible but this have a very very low chance of ever happening now and even in the long term.
This is majorly because bitcoin still have the highest, over 40 percent of the entire crypto market capitalization dominance, which means bitcoin still controls the entire market in some ways, as ether goes up, bitcoin is also going up, ether has a higher chance of flipping bitcoin if bitcoin's market dominance comes down to atleast 20 percent.

Jose Mourinho

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When Bitcoin goes up etherem always follows its movement, so it's unlikely that ETH will experience bitcoin flipping, although sometimes etherem goes up when btc goes down, but the value is not too big and won't last long, many Ethereum Holders hope that ETH can surpass BTC, but this this will never happen because the price difference between BTC and ETH is very far, besides that there is a lot of etherem supply in circulation compared to BTC,

darmin

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Ethereum has now created a version that focuses on reducing bad transactions by creating 64 blockchains. This is a good capital for ethereum as one of the big coins on the latest web version later even surpassing bitcoin. This is a good capital for ethereum to be able to reverse bitcoin in the next decade.

19Nov16

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Seeing the current potential of course it is easy for ETH to flip BTC, with the support of hundreds of large projects that require transaction fees from ETH it will make the use of ETH continue to increase and I'm sure one day I can flip BTC and the current fact is distance market cap is only about 40%. Of course this is a good thing because it will make the market more excited than btc which is already boring.

kotajikikox

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Quote from: bitcon on November 08, 2021, 04:19:58 PM

Actually, altcoins always grow faster than Bitcoin, but they also fall faster than the first currency. What is more, the bigger market cap is, the harder it is to raise the price, so it is harder to pump bitcoin than low market cap altcoins.

while they are growing or falling faster yet their increase does not enough to call flipping Bitcoin and that means it is irrelevant to the thread what you are pointing here because the question indeed about Ethereum Flipping Bitcoin .

Quote

Ethereum holders want it to overtake Bitcoin as this way they will get additional profit.
I consider that Ethereum deserves it as defi-projects on it give a real utility to the crypto industry and businesses. Roll Eyes

lol ALl altcoin holders wanted their coin to overtake Bitcoin for more than 11 years we have seen thousand of coins/tokens claimed this can happen but suddenly they are all failed.

indah rezqi

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Quote from: a298b112 on November 04, 2021, 09:34:43 AM

I saw someone claiming that if ETH will do 2x, it can flip the BTC. Well yes, if you look at CMC, BTC market cap seems to be bigger than ETH market cap by 2.17 times. And of course BTC will probably get more and more expensive if the overall crypto market will be rising.

However, I've just noticed that for the last 7 days, BTC if up 1.14% whereas ETH is up 9.27%. So ETH seems to be rising faster.

Now the question is, why in which way, this is good for ETH holders? I don't seem to understand this, why people getting excited by the chance that ETH can flip BTC?

Ethereum or ETH is experiencing an increase because there is a nice boost factor happening to Bitcoin. When Bitcoin experienced an increase of 1.14% while Ethereum rose 9.27% then we can't say that there is a possibility that ETH can reverse BTC. Because behind the percent has another value that is not visible in my opinion.

bitcon

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Actually, altcoins always grow faster than Bitcoin, but they also fall faster than the first currency. What is more, the bigger market cap is, the harder it is to raise the price, so it is harder to pump bitcoin than low market cap altcoins.
Ethereum holders want it to overtake Bitcoin as this way they will get additional profit.
I consider that Ethereum deserves it as defi-projects on it give a real utility to the crypto industry and businesses. Roll Eyes

YinShuiSiYuan

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Quote from: Sirait on November 08, 2021, 03:08:01 PM

I don't agree with you, I don't see ethereum will be able to flip bitcoin anytime. Ethereum market capitalization is very influential on bitcoin, when the price of bitcoin goes up, the market capitalization also increases. ethereum will definitely hit $10k (in the next few years) but bitcoin will definitely hit $100k too and that automatically makes bitcoin market cap bigger.

Note that Bitcoin's greatest strength is popularity. But people all over the world are constantly educating themselves about cryptocurrencies. Ethereum has many more useful things (like smart contracts) and is growing all the time. When Ethereum 2.0 and PoS are introduced, the situation may change dramatically. If there is a sudden bubble on Etereum, it can jump over Bitcoin capitalization in several months.

Sirait

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Quote from: Erdogan on November 08, 2021, 02:47:44 PM

Quote from: coco23 on November 08, 2021, 02:26:21 PM

Quote from: Doell on November 08, 2021, 12:56:36 PM

price rise more on ethereum in the last 7 days ,does't mean can flip bitcoin in price and capitalization ! good for holders yes because in the long term the price will rise high but still will not be able to flip bitcoin in the present or future ,regarding the price an cap of bitcoin will always be a leader

Yea, price movement over 7 days is no indication for the future. However, I think ETH is able to overtake BTC in the long run. I don't think this will de-value BTC in any way, it will remain the first crypto and also the most de-centralized one. Also ETH will have to measure with other emerging smart contract platforms like SOL in the long run.

The fact that the price of Ethereum is growing faster than the price of Bitcoin can be observed not only in the last days, but also in recent months. Coinmarketcap positions coins not in terms of price but in terms of size of market capitalization. So we shouldn't just look at the price. Etherum capitalization is growing very fast and if not in the next few months I think in 2-3 years it will be possible to flip BTC.

I don't agree with you, I don't see ethereum will be able to flip bitcoin anytime. Ethereum market capitalization is very influential on bitcoin, when the price of bitcoin goes up, the market capitalization also increases. ethereum will definitely hit $10k (in the next few years) but bitcoin will definitely hit $100k too and that automatically makes bitcoin market cap bigger.

Golftech

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Quote from: coco23 on November 08, 2021, 02:26:21 PM

Quote from: Doell on November 08, 2021, 12:56:36 PM

price rise more on ethereum in the last 7 days ,does't mean can flip bitcoin in price and capitalization ! good for holders yes because in the long term the price will rise high but still will not be able to flip bitcoin in the present or future ,regarding the price an cap of bitcoin will always be a leader

Yea, price movement over 7 days is no indication for the future. However, I think ETH is able to overtake BTC in the long run. I don't think this will de-value BTC in any way, it will remain the first crypto and also the most de-centralized one. Also ETH will have to measure with other emerging smart contract platforms like SOL in the long run.

Competition also needs to take place. Flipping Bitcoin is every projects ambitions but the closer coin that currently moving is ETH,
I don't see any possibilities that ETH will be able to do that but we are inside crypto and there's no limitation, once there are big waves of
whales to invest with ETH.

Even it's unlimited, the money that will flow gives this coin a chance to overthrown Bitcoin, "if and that's only if"

Erdogan

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Quote from: coco23 on November 08, 2021, 02:26:21 PM

Quote from: Doell on November 08, 2021, 12:56:36 PM

price rise more on ethereum in the last 7 days ,does't mean can flip bitcoin in price and capitalization ! good for holders yes because in the long term the price will rise high but still will not be able to flip bitcoin in the present or future ,regarding the price an cap of bitcoin will always be a leader

Yea, price movement over 7 days is no indication for the future. However, I think ETH is able to overtake BTC in the long run. I don't think this will de-value BTC in any way, it will remain the first crypto and also the most de-centralized one. Also ETH will have to measure with other emerging smart contract platforms like SOL in the long run.

The fact that the price of Ethereum is growing faster than the price of Bitcoin can be observed not only in the last days, but also in recent months. Coinmarketcap positions coins not in terms of price but in terms of size of market capitalization. So we shouldn't just look at the price. Etherum capitalization is growing very fast and if not in the next few months I think in 2-3 years it will be possible to flip BTC.

coco23

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Quote from: Doell on November 08, 2021, 12:56:36 PM

price rise more on ethereum in the last 7 days ,does't mean can flip bitcoin in price and capitalization ! good for holders yes because in the long term the price will rise high but still will not be able to flip bitcoin in the present or future ,regarding the price an cap of bitcoin will always be a leader

Yea, price movement over 7 days is no indication for the future. However, I think ETH is able to overtake BTC in the long run. I don't think this will de-value BTC in any way, it will remain the first crypto and also the most de-centralized one. Also ETH will have to measure with other emerging smart contract platforms like SOL in the long run.

YinShuiSiYuan

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Quote from: a298b112 on November 04, 2021, 09:34:43 AM

I saw someone claiming that if ETH will do 2x, it can flip the BTC. Well yes, if you look at CMC, BTC market cap seems to be bigger than ETH market cap by 2.17 times. And of course BTC will probably get more and more expensive if the overall crypto market will be rising.

However, I've just noticed that for the last 7 days, BTC if up 1.14% whereas ETH is up 9.27%. So ETH seems to be rising faster.

Now the question is, why in which way, this is good for ETH holders? I don't seem to understand this, why people getting excited by the chance that ETH can flip BTC?

If Bitcoin stood still, Ethereum might have a chance to jump over in the coming months. So theoretically there is such a possibility. However, there is probably no doubt that if the bull run starts, the price of Bitcoin will go up first, and after price of Ethereum. So ETH will just chase BTC.

apaben

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Quote from: ivankoh on November 08, 2021, 11:24:18 AM

I think no, ETH could be a good thing, except for the ability to surpass bitcoin, it won't resist very serious purported effects on outside black/white conspiracies. Only bitcoin can achieve that. A real power for the market leader - the king. Of course, bitcoin is doing fine as it should, and any price near 100k - 200k reflects that fact.

bitcoin to 200k takes quite a while to reach that target, the end of this year do not have high expectations for me 100k is very extraordinary and even then sometimes it is only temporary and does not last long. what often happens is that large pumps that often happen will be wasted, because there many people will sell on a large scale...?

Doell

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Quote from: a298b112 on November 04, 2021, 09:34:43 AM

However, I've just noticed that for the last 7 days, BTC if up 1.14% whereas ETH is up 9.27%. So ETH seems to be rising faster.

Now the question is, why in which way, this is good for ETH holders? I don't seem to understand this, why people getting excited by the chance that ETH can flip BTC?

price rise more on ethereum in the last 7 days ,does't mean can flip bitcoin in price and capitalization ! good for holders yes because in the long term the price will rise high but still will not be able to flip bitcoin in the present or future ,regarding the price an cap of bitcoin will always be a leader

ivankoh

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I think no, ETH could be a good thing, except for the ability to surpass bitcoin, it won't resist very serious purported effects on outside black/white conspiracies. Only bitcoin can achieve that. A real power for the market leader - the king. Of course, bitcoin is doing fine as it should, and any price near 100k - 200k reflects that fact.

Tumanggor

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Currently the ethereum ecosystem is already very large and NFT and defi are supporting it
but I don't see ethereum will be able to shift the dominance and position of bitcoin as the king of crypto

ethereum still has many shortcomings everywhere, that's one of the reasons why it won't be able to shift bitcoin

besides that ethereum will not be able to slide other altcoins

BuNga_cute

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Quote from: Google+ on November 08, 2021, 01:49:26 AM

Quote from: 2girls on November 07, 2021, 11:26:59 AM

In this issue my answer is that both coins are best but it not easy we can say that ETH flip BTC because anyone easily see that BTC is very strong in this time of ETH everyone use and love of BTC so BTC is very best so this is absolutely rong ETH flip BTC.

Actually, the impossible doesn't need to be discussed, because BTC and ETH have been in the cryptocurrency line for a long time, and from the past until now ETH has not been able to beat BTC even though that is the main goal of all coins, but what needs to be considered by ETH now is against other coins besides BTC.

There have been many altcoins created to beat Bitcoin and to this day none have succeeded. Including Ethereum since its creation until now it has not
been able to beat Bitcoin, but at least Ethereum is still the best altcoins. You are absolutely right, rather than Ethereum thinking about beating Bitcoin,
it's better if Ethereum is worried about other coins trying to beat Ethereum. Now the performance of BNB is starting to show a significant development,
so Ethereum must immediately solve the problem related to high gas fees, so that BNB does not have a chance to beat Ethereum. Because
Bitcoin somehow always dominates the market and for now it is impossible for Ethereum to beat Bitcoin.

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Quote from: 2girls on November 07, 2021, 11:26:59 AM

In this issue my answer is that both coins are best but it not easy we can say that ETH flip BTC because anyone easily see that BTC is very strong in this time of ETH everyone use and love of BTC so BTC is very best so this is absolutely rong ETH flip BTC.

Actually, the impossible doesn't need to be discussed, because BTC and ETH have been in the cryptocurrency line for a long time, and from the past until now ETH has not been able to beat BTC even though that is the main goal of all coins, but what needs to be considered by ETH now is against other coins besides BTC.

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