Topic: ETH is now going to take the crown, the flippening (Read 3793 times)

the correlation is tied but also random, sometimes they match sometimes they don;t never count on it.

Now you see that ETH is still tied to bitcoin price health. Now when BTC got dumped hard you can see that it pull ETH down. It doesn't seem to me that ETH is going to take over bitcoin soon, at least not yet in the near future. Maybe it can later on but I am positive on bitcoin.... Now we can see that "flippening" is highly unlikley to happen as price of ETH  is not backed up by fiat at most.

I think the Segwit implementation remains to be seen. And Bitmain has caused another FUD on bitcoin so we will never really know if ETH has took the no. 1 from bitcoin. But we all know that ETH is been pumping but a lot of groups, maybe they have fully confident now on ETH, or the transaction fee is too much for casua; investors that why they are moving their funds to ETH now.

The only function Eth service is eth-backed tokens. Each and everyone one of these tokens are ICO scams and shitcoins. Until real application takes place on Ethereum and it's baby tokens, it holds no leverage on Bitcoin. I've said it before and I'll continue to say it: Eth is the head of an altcoin bubble waiting to burst. It's all going to come crashing down w Bitcoin shooting up. Place your shorts while you can, I've got mine in.

it is clear that eth is being used as a hedge for btc instability. but it has over a billion value of tokens on it, plus other value, so won't disappear to nothing. I honestly think it will hit 600-700 usd this year. i don't own a lot but the new generation on coin fans like it.

Now it looks like the flippening might happen on the way down. I have a feeling that this will not be satisfactory to neither side.

eth is becoming more scare because it is being locked up in ICO wallets who are just not going to cash out fast as they would have too much slippage, and its against their project goals.

Accordingly the more eth ico's the more is going to taken of the market, and supply will go down.

Demand side....well, this depends on how the ico's go....that's going to take another 2~3 years to become apparent.

It depends what the Bitcoin price does, if Bitcoin drops again then ETH will get pump again, ETH is alwasy the #1 to be pumped when bitcoins drops, and bitcoin always gets corrected after it raises, and then ETH gets pumped again, leaving it with a higher '' base''  price then before the pump, look at the ETH price chart and BTC price chart.

I do not see any reason why Ethereum should pop soon?

yes you only need a very few to work, and out of a 100 or 1000 some will.

Put it this way has capital raising ever stopped?

Will ETh remain sexy if majority of the ICO fail to prove their worthy?

http://www.rsk.co/

RSK is 2-way pegged to Bitcoin, therefore has no own token.

I agree with everything you said above.

I also think nodes should get paid, otherwise why would anyone bother running one? Securing the network? For free? Why? Gtfo!

Miners spend their money on their own Dev team, it is called "bitcoin unlimited" which is going to give unlimited powers to miners.

This..

there will always be a new contender that does things better. Best to move your money around if u wanna make da big bux.

De market can be irrational for a very long time.

The thing is: most people don't care what coin they use, they just want profit! And profit is measured in dollars, real-estate, gold, Bitcoins, cars, or anything else with real value. Altcoins only started because people felt like they missed the train on Bitcoin, they want the "from zero to millionaire" train, over and over again! Hundreds of altcoins did that, and by the time they were all called shitcoins, "smart contracts" were (and are!) the next hype. Nobody needs smart contracts, so they make up a non-existing problem that could in theory be solved by a smart contract. But any smart contract they made, failed big time. Let's not forget The DAO!

I think a good indicator of how "real" any altcoin is, is whether or not people install a wallet for it. It's virtually impossible to install hundreds of different wallets, so many people keep their coins on an exchange.
Let's pick a random coin from coinmarketcap: E-Dinar Coin, worth $27M. I have never heard about it, haven't ever seen it either.
Just like any other altcoin, it has a flashy website telling you what they're good for, but the reality is: people only buy it because they hope it will be worth double the next week. Barely anybody cares about what coins really stand for, and that brings me back to your point that ETH is growing despite being shit.

Take Vitalik Buterin for example: he only used Bitcointalk to promote his fork-coin, and hasn't been here for a year now. But he is still spreading FUD-lies about Bitcoin on Twitter. He earned billions from his premine, and yet, he has zero trust score on this site.
He too joined too late to get rich from Bitcoin, so he created his own token. And so far he's doing a great job in getting people to invest in his tokens. Until it pops.

Bitcoin has some problems though. We all know the transaction cost problem, but it also lacks funding for a big development team. That might be improved with side chains, SegWit and Lightning Network, but the main problem is that miners take all the money while nodes get nothing.
Satoshi controls enough coins to fund a dev-team, but he disappeared years ago. Future development needs funding, if just a few percent of fees could be used for development, Bitcoin could grow so much.
Instead, miners get $6 million per day now, which they spend on hashrate and electricity. Millions of dollars per day flow out of the Bitcoin ecosystem, and it doesn't add anything to improve Bitcoin.

I just think that this is a hype before conference it's just building a bubble at this time, look at the straight line that it went up by now. I don't say that ETH might not take 1st place in the market cap but just as it is for now I don't see it possible to be very soon.
People are now feeling FOMO and are just saying "shut up and take my money" , but again when ETH dumps it will start to correct and we might even see it in the first place but it will take like 6months for that I'd say. Mostly it depends on the BTC scaling issue, if it gets fixed it will be harder for ETH to go for number 1 place. People tend to go to ETH as there are a lot of happenings on it's blockchain and because of lower fees and fast confirmation times.

 

This joke takes the cake

I think the current price of ETH is based off of hype.

BTC will always be the king. 

BTC does have one confidence....the protocol is hard to change

ETH might take the place of BTC in market cap, but BTC is the basis of market confidence, it will never be replaced.