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Topic: Can Eth flip BTC and why this is good? - page 2. (Read 349 times)

legendary
Activity: 3738
Merit: 1708
CoinPoker.com
November 08, 2021, 01:13:00 AM
#34
Most retail people and TikTokers these days, when they enter crypto they don't invest in Bitcoin or even Ethereum. They want to 100x their money so what they do is they want to buy NFTs and flip them or they want to buy some low cap DeFI coins to get that nice 10-100x gain instead of buying bitcoin where the most they can earn is what? Maybe 20-50% profit?

So to flip NFTs or deal with low cap DeFI trading you will need Ethereum, hence why the demand for ETH goes up. So the price goes up. With Bitcoin its different. There are no NFTs or DeFI on the bitcoin blockchain so nobody is buying it. Plus its way too expensive. Way better buying a $0.0000001 low cap coin which can go 1000x rather than bitcoin which is already very expensive.
member
Activity: 1092
Merit: 67
November 07, 2021, 07:01:26 PM
#33
until now ETH is still in its choreograph and snagging BiTCOIN is impossible.... because in terms of blockchain and the amount in circulation is very different. bitcoin will probably remain number 1 in terms of value, transactions and holders in this digital world... . which may happen in the future eth will be taken by bnb's position as one of its rivals in the current network
The question everyone should be having is that whether any other project will flip Ethereum in the long run simply because everyone using the project are tired of the high transaction fees. BNB and other chains are getting popular and  i wont be surprised if users starts avoiding ETH if they do not sort out the network issues.

Maybe, that's one possible scenario if people got tired of waiting about the reduction of gas fees. However, it seems the sentiments of the community is the opposite as eth is continuously going up. So they are hoping that one day, eth team will decide to rectify their long-running issue with gas fees.
But surpassing BTC, I don't think it will happen in the years to come. BTC has established its position and large population of crypto users will prefer btc over eth. Though they have different usage in this market, but btc is still deemed popular among all these cryptocurrencies.
legendary
Activity: 2282
Merit: 1023
November 07, 2021, 06:56:45 PM
#32
until now ETH is still in its choreograph and snagging BiTCOIN is impossible.... because in terms of blockchain and the amount in circulation is very different. bitcoin will probably remain number 1 in terms of value, transactions and holders in this digital world... . which may happen in the future eth will be taken by bnb's position as one of its rivals in the current network
The question everyone should be having is that whether any other project will flip Ethereum in the long run simply because everyone using the project are tired of the high transaction fees. BNB and other chains are getting popular and  i wont be surprised if users starts avoiding ETH if they do not sort out the network issues.
full member
Activity: 1134
Merit: 167
November 07, 2021, 06:05:31 PM
#31
until now ETH is still in its choreograph and snagging BiTCOIN is impossible.... because in terms of blockchain and the amount in circulation is very different. bitcoin will probably remain number 1 in terms of value, transactions and holders in this digital world... . which may happen in the future eth will be taken by bnb's position as one of its rivals in the current network
legendary
Activity: 1778
Merit: 1474
🔃EN>>AR Translator🔃
November 07, 2021, 05:59:22 PM
#30
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?

Surely those excited people are traders. Smiley

Eth holders, or any other token holder, will be happy see his holdings going higher, including btc holders who won't surely be infected by the Ethereum flip (if any).

But for the long term run, i think it's not a realistic expectation as it's yet based on the charts made in a certain time. For the simple reason that Eth situation is more fluctuated than bitcoin by all terms.
sr. member
Activity: 1002
Merit: 254
Tontogether | Save Smart & Win Big
November 07, 2021, 12:26:59 PM
#29
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.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
November 07, 2021, 04:33:04 AM
#28
~
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 holders will only enjoy the price increase that occurs from ethereum, while for bitcoin reversal, I don't think ethereum will be able to do that. In fact, when you look at the percentage increase in price, maybe the price of bitcoin has increased not so high, but in fact the price of bitcoin is very high. even a few percent increase, it will have a very large effect on the price.
other than that, for now, I'm pretty sure that ethereum also continues to depend on bitcoin. if the price of bitcoin falls, the price of ethereum could fall even more than bitcoin. no matter how passionate people are about ethereum, I'm still pretty sure that it won't replace bitcoin with ethereum.
hero member
Activity: 938
Merit: 503
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
November 06, 2021, 10:24:05 PM
#27
Bitcoin has touched All time High and now investor are feeling little but fear that they are buying Bitcoin at high prices.
Eth prices increases because its Upgrade is coming. Also as we know Eth is smart contract and when any coin success in goal and make attention so this have Direct effect on price of Etherium.
Bitcoin is launching its Upgrade and trying to create smart contract which can be Huge for bitcoin. If true very hard fir Etherium to flip Btc then.
sr. member
Activity: 1022
Merit: 308
November 06, 2021, 06:51:50 PM
#26
Vilosically, btc was created earlier than et. but if you look at the increasing progress that has occurred, eth is indeed showing greater progress than btc. ~
What kind of progress we are talking about here? Market cap? Value? Or mass adoptions of both?

~ it all happened because most of the people use eth as their daily transaction tool
Not too sure about that, with the rising fees of ethreum networks these days I bet lots of people have avoided using ethereum networks as daily transactions particularly for small players who couldn't bear with how fluctuates of its fees.
legendary
Activity: 3178
Merit: 1128
November 06, 2021, 05:32:11 PM
#25
If that is about the percentage, ETH can rise more than BTC but I doubt that ETH can beat BTC price as BTC price now is $60k while ETH is at $4,3xx. The ETH holders can sell their ETH at the high peak to take their money from the investment and buyback ETH at a low price.

But when BTC prices drop, ETH prices will also drop as BTX is the leader in the crypto market. So ETH will behind on BTC but BTC and ETH is the best investment for us.
I believe it is the ranking based on marketcap that he is talking about. The reality is that ETH did get close, not right there but it did get close and I can assume why people think that it is possible to do something like that. However reality is that even if it gets close that doesn't mean that we are going to see it flipped.

Plus, it is not really a good thing, I am fearing that if BTC ever loses the top spot, it may come crashing down, the whole deal of bitcoin is the fact that it is at the top, otherwise neither the blockchain nor the idea is good enough now that everything else improved so much, hell even SOL has better blockchain than ETH right now and yet it is lower. So, it is only about being listed at the top so far, and if it loses that perk then it may actually end up going lower and lower and we may not be able to stop it, which will in return hurt the crypto market.
hero member
Activity: 1680
Merit: 506
Trphy.io
November 06, 2021, 04:16:30 PM
#24
Vilosically, btc was created earlier than et. but if you look at the increasing progress that has occurred, eth is indeed showing greater progress than btc. it all happened because most of the people use eth as their daily transaction tool
Are you sure about what you are saying ? because if you know when BTC was discovered and know how many times it has increased in price, then you wouldn't say this because overall BTC has increased more than ETH which even still depends on BTC at all times.
hero member
Activity: 2814
Merit: 578
November 06, 2021, 02:44:13 PM
#23
Even it goes 2x, it will never flip btc.
It seems like he never thought that way bro, so it still makes the impossible fantasy happen.
It will never happen for sure.

Guys, stop that mindset. It's not going to be healthy for you to keep thinking like that. We like both of it and ethereum will never get a glance of top 1.
It is clear, because Ethereum will always be in the order as it is now by following the Bitcoin mainstream in the market, so it becomes difficult for Ethereum to overtake Bitcoin which is already at the top.
It won't overtake bitcoin and what's more plausible is to be overtaken by another altcoin on its 2nd spot.

It should even be worried with other chains that are under it because of continuous development.
Underneath Ethereum right now is BNB which is growing day by day with useful programs on the Binance exchange, so it's clear that's what the real Ethereum side should be concerned about.
Yeah, it is what I'm saying that it could be replaced by another project that also thrives to make it better.
member
Activity: 609
Merit: 10
Rexx
November 06, 2021, 12:17:47 PM
#22
Vilosically, btc was created earlier than et. but if you look at the increasing progress that has occurred, eth is indeed showing greater progress than btc. it all happened because most of the people use eth as their daily transaction tool
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
November 06, 2021, 08:48:51 AM
#21
If that is about the percentage, ETH can rise more than BTC but I doubt that ETH can beat BTC price as BTC price now is $60k while ETH is at $4,3xx. The ETH holders can sell their ETH at the high peak to take their money from the investment and buyback ETH at a low price.

But when BTC prices drop, ETH prices will also drop as BTX is the leader in the crypto market. So ETH will behind on BTC but BTC and ETH is the best investment for us.
legendary
Activity: 2940
Merit: 1083
November 06, 2021, 07:43:13 AM
#20
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?

No way. That speculation was only based on the current happenings but on the long-term, it will be hard for ETH to flip BTC. While ETH is climbing up the floor, BTC will also do the same. The one you need to expect for ETH is the possible more price increase in the future.

That's what matters compare to a target that it will flip BTC someday.
full member
Activity: 784
Merit: 116
November 06, 2021, 07:35:40 AM
#19
Underneath Ethereum right now is BNB which is growing day by day with useful programs on the Binance exchange, so it's clear that's what the real Ethereum side should be concerned about.
and how about solana and cardano?
maybe ETH is the pioneer which introduce smart contract in this cryptocurrency space and bitcoin is the pioneer of cryptocurrency its self.
but someday its still possible that ETH can beat Bitcoin even another altcoin can beat Bitcoin.
we still dont know the future, anything can happen but now we still need history to validate which crypto has survival capacity.
bitcoin 12 years +
ethereum 6 years +
BNB 3 years ++
cardano 3 years ++
and 99% altcoin has short life
legendary
Activity: 2338
Merit: 1354
CoinPoker.com
November 06, 2021, 07:23:12 AM
#18
Ok. Another topic for flippening.

I can share with you guys this website: https://www.blockchaincenter.net/flippening/, which shows different data of flippening of Ethereum to Bitcoin..

If you take a look, there are some parts that Ethereum already flipped Bitcoin, especially the transactions count which Ethereum already made the flip. About the market cap which is a major one, it's still 46%.
hero member
Activity: 2548
Merit: 578
Next Generation Web3 Casino
November 06, 2021, 06:36:56 AM
#17
The answer is a big NO 😌 ETH can hit 6-7k this year end but flipping BTC is what ETH don't have mate,you don't have to hope for such cod I believe that once ETH hits a new ATH that's when almost all altcoins will show their real worth which is good for all I believe.
ETH is already at a new ATH price this year and will continue to experience even better improvements in the next year, but to take Bitcoin's position is not a good target because it is just a dream that ETH will not come true, because what ETH has to fight against is not Bitcoin, but the competitors that are under it now, because they are also making better developments so that they continue to get a good response from investors.
sr. member
Activity: 2828
Merit: 357
Eloncoin.org - Mars, here we come!
November 06, 2021, 04:46:00 AM
#16
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.
Multiplying ETH won't enough to flip Bitcoin but at least this will get closer .(Anyway I will never believe this will happen , Not this soon)

Quote
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.
Then why not observe the week before? when bitcoin increased by 8% and ethereum remains lowered?
Quote
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?
I  don't know with you , but me? i never get to believe in what you are saying lol.
sr. member
Activity: 966
Merit: 311
November 06, 2021, 04:09:53 AM
#15

ETH already has tough and many competitors, although they have not been able to replace ETH in their current position but in general they are the opponents of ETH in the future and for BTC nothing will be able to interfere with its current position because BTC movements are also often followed by others including ETH in general.

I can say with certainty that if today BTC price falls from 60k to 50k all alt coins including ETH will fall back also. The volatility seen in ETH and other top altcoins is because volatility in BTC. We need to understand that crypto mart is solely dependent on bitcoin. No coin has the capacity nor capability to move on its own. I don't think ETH or any other coin can flip btc, atleast in next 4 to 5 years.
These are just my few satoshis.
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