Topic: So where is the "flippening" ? :D (Read 413 times)
I think bitcoin will remain the "king", the no. 1 coin. I think the build up of ETH was insane. It was brewing several months ago until it reaches its ATH while btc price dipped. But then again, btc has recovered and the hype surrounding ETH has simmered a bit. Those ICO's really has pumped the price of ETH, however its not enough to overtook btc.
The flippening has happened already in the dreams of ETH fanboys/girls, with 92M tokens circulating it's not that hard to surpass the marketcap
Meaningless. It's not about ETH's number of coins in circulation, it's about how it's distributed and handled by people. For example, one important method that ETH have to shove up the market cap is by getting coins locked into useless ICOs for months.I was so sure this was pure FUD. There wasn't any and there won't be any. Just look at the market capital and 24 h volume. BTC is still the king!!
bitcoin has always been the "king" but not because of the volume nor because of the market cap, nor even the price.
but it has been that because of its reliability, security, decentralization, and most important of all "the adoption". in other words the real world usage by merchants. and the more utilities it gains the bigger it gets.
the flippening was and is more like the pumpening than anything else. you can see all the accounts of those who were advertising it is now offline for days ever since the dumpening began!
Ether's price in terms of "the flippening" is not insane because of its lack of adoption with merchants. It's insane because Ether would not be practical to use at merchants - it simply isn't scalable, and fees are pretty bad as well. After LN is implemented on Bitcoin, Ether will only be relevant for ICO hype which will eventually die down.
There are currently cryptocurrencies that are worth a high price, hidden in the lower ranks. Ether is a full blown hype machine, and "The Flippening" is both a self-fulfilling prophecy and a myth.
I was so sure this was pure FUD. There wasn't any and there won't be any. Just look at the market capital and 24 h volume. BTC is still the king!!
bitcoin has always been the "king" but not because of the volume nor because of the market cap, nor even the price.
but it has been that because of its reliability, security, decentralization, and most important of all "the adoption". in other words the real world usage by merchants. and the more utilities it gains the bigger it gets.
the flippening was and is more like the pumpening than anything else. you can see all the accounts of those who were advertising it is now offline for days ever since the dumpening began!
The flippening has happened already in the dreams of ETH fanboys/girls, with 92M tokens circulating it's not that hard to surpass the marketcap but I don't see ETH going up as high as any where near even $500 then it will have to reach $750 then $1000 and so many more difficulties and barriers in the road ahead of it, unlike movies and fairy tales this is very serious and real not everyone could have a happy ending, there can't be overnight rise of a new hero to push aside the main hero of our story.
A lot of people hype the Ethereum train as its going up for extra gains. Bitcoin has been the king, but I still belief that at some point Ethereum may surpass Bitcoin as #1 market cap, maybe only short term but we will see what happens come August when a lot of updates are supposed to happen.
I was so sure this was pure FUD. There wasn't any and there won't be any. Just look at the market capital and 24 h volume. BTC is still the king!!
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