Topic: The Bitcoin Flippening - page 2. (Read 21577 times)

XRP was kicked out of 2nd spot by ethereum again.
What will happen if bitcoin will get out of 1st?
Many will go out to the market as bitcoin is the symbol of the crypto.

I think the first position of bitcoin in the marketcap will not be replaced, because bitcoin is the parent of all crypto and is used as a reference, including in terms of price. and now the setback that happened in 2018 will soon turn into extraordinary progress, be patient.

There appears to be no indication that another coin is likely to usurp Bitcoin from its top rank. Bitcoin should remain the uncrowned king of cryptos for a long time.

About mid-2017 I thought it was inevitable that ETH would take the #1 spot. A year and a half later I'm not so sure. To outsiders, Bitcoin IS crypto. I think it will remain number one for a long time. Everything depends on it as a trading pair. The flippening won't happen until fiat-to-crypto transfers (and vice versa) are cheap, fast and painless. Could be some time yet.

Be informed that as at the time you open this thread ethereum has retake it position as a second Cryptocoins in terms of market capitalization.  I believe that ripple has just maintain that position on a temporary base and since that has happened I think we should know that ethereum still remains one of the most strongest coins.

Honestly I didn't check the crypto prices yesterday, as I was a little busy overall doing some chores. But, I'm glad to know that ETH is back at its place as the second largest cryptocurrency by market cap. This was a quick change, as days ago XRP was still the #2 cryptocurrency in market cap. Speaking of XRP overcoming Bitcoin in the future, there's a possibility of it happenning if the coin gets pumped in price due to bank partnerships and hype.

Also, Ripple controls a large number of XRP in circulation, which means that they could manipulate prices at their will. As far as I can remember, there was an article around the web (I believe it was from CNBC) which explained that XRP could overtake Bitcoin in market cap if it became worth $7. Considering that Ripple controls XRP, they could easily pump the price whenever they want to.

However, right now, ETH has taken back its place flippening XRP in the process. This is the usual behavior among crypto markets, as sometimes XRP is the second largest crypto by market cap, while ETH becomes third and viceversa. As for Bitcoin, it has remained as the first largest crypto by market cap for a long time. A change in this, will make quite an impact within the crypto space for sure.




That's certainly true, mate. However, anything's possible since XRP has flipped Ethereum several times. In the event that XRP becomes pumped by hype or by its internal company (Ripple), then it could easily surpass Bitcoin as the first largest crypto by market cap. Even so, XRP is not a cryptocurrency but more of a centralized database controlled by a single entity. It violates every principle of the blockchain since it lacks immutability and it depends on middleman or third parties.

As such, there's a possibility that XRP may or may not last for long depending on the amount of support it gets from people, and mainstream banks around the world. Which leaves us with Ethereum, as the one cryptocurrency with a better chance of overtaking Bitcoin in the future (which is unlikely) in the event that BTC declines in value drastically. Just my thoughts

I think that despite all the speculations and attempts to manipulate - Bitcoin will still remain in the first place and will continue to be the first cryptocurrency for a very long time. By the way, bitcion this year also will have a large number of positive changes. His development team is also actively working.

Though it is possible for Bitcoin flippening, it is still very unlikely to happen in the near future. Look at the market capitalization of both Bitcoin and XRP, Bitcoin is clearly way to far to be replaced by another cryptocurrency. And personally I don't think that only market capitalization determines the success of a specific cryptocurrency, anyone can create a coin that has billions of supply and sell it, it will surely gain huge market cap because of its circulating supply and this is why Ripple have huge market cap, look at the price of XRP, its not even $1 per coin but the market cap is $15 billion, it is because it has billions of circulating supply. Btw Ethereum is back again at top 2.

BlockTower Capital placed a $1M bet, saying that Bitcoin's price would be higher than $50K by the end of 2018. The bet expired on Friday, and unfortunatelly BTC traded at arround $3,800.

https://coincodex.com/article/2816/blocktower-capital-lost-1-million-bitcoin-price-bet/

Ripple has been dethroned itself but it is probably due to the ethereum fork coming up in the next few weeks. Ripple almost challenged btc in the past and it vould happen again

Oh it definitely isn't. But knowing that it managed to overtake Ethereum in the past, I since then don't underestimate the ignorance of most people in this space. XRP is pretty much pure PR/marketing. I mean, take a look at Twitter! Along with that, the ignorant reasoning of people: "XRP is cheap". XRP being extremely high in supply hence the lower price is definitely a contributing factor on why people buy XRP.

There are some that still believe Bcash or Bsv might be able to do it, dreaming and wishing is free after all.

As for the flippening, do you guys remember this?

Can't quote it so I'll add the image

Not for years to come. Ethereum is only a few years old and has never come close to Bitcoin. While XRP is a promising project, it will still be a long time or would take a break through development to surpass the birth of cryptocurrency.

Hence the conditional auxiliary verb in that sentence, now emphasized for your benefit.  The very point I'm making is that we can't tell.  Try to keep up.

market cap doesnt even tell you that.
all market cap tells you is if you take the market cap and divide it by the circulated coins. that at the last trade 2 people agreed that one coin was worth  (cap/circulation=last trade value)

market caps are just a meaningless multiplication of the last trade value(current price).. and thats it

I'm of the opinion that there's generally too much emphasis on the market cap anyway.  XRP is a permissioned bankster crapcoin.  It stands to reason that crooked middlemen are going to put their ill-gotten gains to use in padding the market cap for a "coin" that helps to preserve their business model.  That doesn't mean real people are actually using XRP or gaining any tangible benefit from it.  Market cap doesn't tell you anything about the number of users or what real-world utility it has.  It may just mean some money is being funnelled into it by a small number of fiat gatekeepers with vested interests.  

Even if Ripple did have the highest market cap, it wouldn't lessen my belief in real cryptocurrency.  

Remember, they can't stop Bitcoin, so the best they can hope to do is pad the numbers for the "walled garden" to make it appear more popular than it really is.

go make an altcoin with a trillion coins. and buy one of those coins for $25
........
bam you instantly flippened the entire crypto economy for just $25

learn that market cap is a meaningless number and that the market cap is NOT a holding of value of billions somewhere

Beating #1 is much harder than XRP beating Ethereum. Moreover, I don't think Ripple is #2 for a long time, because they are still pretty close. I guess if something could get to #1, it would be something now far behind (oh, ethereum is already #2 again). Ripple and Ethereum seem to be the only ones with chances. Ethereum has to cost about $650 with bitcoin remaining on the same level, whereas Ripple has to be worth around $1.7 to become #1. With bitcoin dominance being that high, it seems unrealistic for coins to go 4x+ in price and bitcoin just hanging in there, so if btc can be pushed down the list, it can happen only during a superbullish market trend.

Not sure if any Crypto Currency will be able to flip Bitcoin, but Bitcoin will definitely flip many Currencies.

Firstly, ETH has now taken its place as of today. I do not think it is easy for any altcoin to replace Bitcoin. Bitcoin's dominance in the market is around 50% and while its price goes down, I think others can not afford to replace it. Realization will take a lot time.