Topic: Will there be a flippening? (Read 1164 times)
Is this $3000 the highest roof bitcoin could reach really? it's a damn thick wall and looks like it's there by dark magic or something. if we break the wall and move into the $3100+ areas then I assume the skies will be the limit for bitcoin, just a small push guys, stop selling under $3200 so in that way new investors be satisfied with paying $3100, if you put sell order for $2900 then people would've want a discount and will only buy for $2800 and lower.
For the value to be stable we need an inflation rate approximately equal to whatever fraction of coins are 'lost' in the system never to be recovered. Otherwise you'll get deflation. As to what the figure for lost cryptocoins is... that's anybody's guess.
If you think every dollar in existence has it's share of gold in Fort Knox (or anywhere else for that matter), you're in for a shock. The dollar hasn't been backed by gold since the 1970's. What it is effectively backed by is the future economic output of the US - essentially the future labour of the people of America.
But again, if you calculate the number of dollars in existence and figure out how many each US citizen would have to back.... the numbers are just as bad as the gold.
The reality? The dollar is backed by nothing more than confidence. That's exactly the same thing backing bitcoin. The only difference is the dollar is more widespread, more entrenched in the system, and has more confidence. As for real value though? There's not much in it.
Yes people give value to bitcoin same as we give value to USD, EUR , CNY and other currencies. The main difference is that nobody can generate more bitcoins as they have fixed cap amount. But when you look at ethereum for instance it has unlimited cap, they haven't put any. For the value to be stable when and if we get mass adoption we need fixed amount as we don't want the value of the currency that we use to decrese over time (which is exactly what is happening to fiat currencies as goverments tend to print out more money).
The main purpose of bitcoin is to be used as normal currency and most likley it is going into direction to be used as online currency. The other thing is that people see it as an oportunity to profit from it. Thats why most of alts came to life to try to profit from them. And because we are still in early phases bitcoin don't have a stable price to be used more as I am sure if the price was a bit more stable we would see more merchants accepting it.
As I explained in a previous post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.
It seems to be a very difficult question, because I still could not understand What is the value of the crypto currency. If you take for example the dollar, then every dollar has its share of gold in the state's Gold Reserve. But Bitcoin, it's practically air, which costs fabulous money.If you think every dollar in existence has it's share of gold in Fort Knox (or anywhere else for that matter), you're in for a shock. The dollar hasn't been backed by gold since the 1970's. What it is effectively backed by is the future economic output of the US - essentially the future labour of the people of America.
But again, if you calculate the number of dollars in existence and figure out how many each US citizen would have to back.... the numbers are just as bad as the gold.
The reality? The dollar is backed by nothing more than confidence. That's exactly the same thing backing bitcoin. The only difference is the dollar is more widespread, more entrenched in the system, and has more confidence. As for real value though? There's not much in it.
The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is in a bubble similar to Bitcoin's bubble of 2013, it will crash hard sometimes soon. But Bitcoin has UASF ahead, and if for some reason it will turn out very messy, BTC might crash below Ether's marketcap easily.
Also, ETH is very likely to get official government and bank support in exchange for regulation and centralization and it's hard to predict how the majority of people will react, maybe they will see it as some guarantee of safety and worldwide adoption, or maybe it will be viewed as betrayal of everything what crypto stands for.
If It ever happens (and I'm not saying It's going to happen) and Ethereum get a higher marketcap then bitcoin, what does it mean? It means nothing. Ether has much more supply then bitcoin has and the math is very simple for the marketcap, price * supply also, let's just compare the number of major services like Steam, Neteller, Skrill etc. that are actually accepting Ethereum? you probably won't be able to compile a list. from cryptocurrency 1200 ATMs around the world, how many of them accept Ethereum? probably nothing more then 5-10. while the remaining number is for bitcoin. I believe this is how the success of a coin should be measured and not by market cap only.
Exactly. Marketcap is not a factor to compare cryptocurrencies. Bitcoin has gone too far in other aspects such as acceptability at various platforms. Bitcoin has limited supply whereas Ethereum is unlimited. So I would say comparing bitcoin and Ethereum on the basis of marketcap doesn't makes any sense. Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
Do you understand that at the moment there is only hype thats being made it is impossible for ETH to overcome BTC within a week or today (LOL)?
It might be possible but again in the future but for me BTC is BTC with a caped coins... People just want pure profit and as always many people including myself we missed the "bitcoin" train so some people tend to feel that BTC is to expensive and tend to search for alternatives you hear all great stuff about ETH you see the price is rising with speed and you rush in. I see that this bubble will pop in one time and it won't end up well. Just look how the ETH went straight up a correction should occur from my point of view. W
When BTC dumped hard ETH went down as well, isn't this telling you something? That no matter if ETH has a exchanges for fiat it is depended on bitcoin as most of the trading volume comes from bitcoin.
I don't say that ETH might not surpass BTC but I don't see it happening with a week. I don't have anything against ETH.
Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
Precise roadmap - centralization, anyway, I do think that ETH with its huge supply and another supply through its coming PoS will definitely surpass bitcoin in terms of Marketcap, which can give an illusion that ETH is more valuable and being number 1 to a new person in cryptocurrency which in fact we all agree that this coinmarket cap offers nothing other than estimated price of total coins.
Coin turnover will continue, bitcoin is more expensive and hard to reach, certainly ethereum as second rank of investor choice next and will continue to change position with third rank to fourth position and so on.
Remember all the coins below. Experiencing the exchange of the same position because the position of the coin is actually not too far away.
Remember all the coins below. Experiencing the exchange of the same position because the position of the coin is actually not too far away.
As I explained in a previous post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.
It seems to be a very difficult question, because I still could not understand What is the value of the crypto currency. If you take for example the dollar, then every dollar has its share of gold in the state's Gold Reserve. But Bitcoin, it's practically air, which costs fabulous money.
We know who it will end.
Just like before the china story like everything from china will be proven fake.
All the projects will get a new term when they will be launch and or they will get no traction whatsoever and finally the dump will be done.
How many times people thought a coin will overcome bitcoin ...?
Let's see maidsafe, aurora , nem , ntx , (just for the lols) doge, (for some tears) monero, ..and nothing happened.
Just like before the china story like everything from china will be proven fake.
All the projects will get a new term when they will be launch and or they will get no traction whatsoever and finally the dump will be done.
How many times people thought a coin will overcome bitcoin ...?
Let's see maidsafe, aurora , nem , ntx , (just for the lols) doge, (for some tears) monero, ..and nothing happened.
This is different. No other cryptocurrency has come as close as ETH in trying to chase BTC in the top spot. Theres a threat that BTC's prices can crash too because of the UASF movement coming this August, while ETH's price increase is continuing.
Flippening before the end of the year is very likely.
The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
The operative phrase is "if it continues like this"... because it won't. Bitcoin will not continue to rise like it has, and neither with eth. Crypto cannot sustain this kind of growth indefinitely.
I'd expect the flippening to happen within the next month or so. Whether or not it will stay that way...no idea...but I do think the threshold of market cap will be crossed very soon.
The flippening can happen even if Bitcoin drops...it's just crypto vs. crypto at this point, regardless of their relative value compared to fiat. If Ethereum grows faster, or declines slower, it will be bound to happen.
Ethereum will become bitcoin 2.0 or that will be the king of crypto. Too many people are trying buy more and more ethereum and just keep them fot the longterm investment. I think in the next month the market cap of ethereum will surpass bitcoin as fast as possible.
The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
Not immediately there is not enough support for a trendline if it just passes it for a short time period.
IF the market cap exceeds Bitcoin for a prolonged period of time and remains consistent then yes there will be a gradual filippening occurring
Blockchain technologies are all new the growth will occur across the whole board for some time to come, but anyone that disagrees that there will be an eth cap that passes BTC this week can bet against me on this one
 ___________ | BTC/ETH Market Cap Options: Yes | No |
The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
The operative phrase is "if it continues like this"... because it won't. Bitcoin will not continue to rise like it has, and neither with eth. Crypto cannot sustain this kind of growth indefinitely.
Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
Precise roadmap - centralization, anyway, I do think that ETH with its huge supply and another supply through its coming PoS will definitely surpass bitcoin in terms of Marketcap, which can give an illusion that ETH is more valuable and being number 1 to a new person in cryptocurrency which in fact we all agree that this coinmarket cap offers nothing other than estimated price of total coins.
Yes, the price of ETH's marketcap will go over that of bitcoins very soon(possibly even today or this week).
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
The price has been surging and for a good reason. ETH has an upgrade in their code coming out within the next few weeks. The price is going up now because people are pricing in the expectation of ETH releasing their new version soon.
When the new version is released it will likely go even higher. There is also another version upgrade to be released sometime in 2018. Their roadmap is clear and more precise, vs bitcoin who has a bunch of Jihan Wu drama.
The last couple days, the price of ETH went through the roof, due to china having interest in the token, and alot of other big companies and banks aswell.
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
ETH is currently nearing the marketcap, and if it continues like this, it will pass bitcoin's marketcap before august 1st.
What will happen then? Do you guys think there is going to be a flippening? Will eth take over the role of bitcoin?
It would appear yes, yes it will.
As I explained in a previous post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.
It seems to be a very difficult question, because I still could not understand What is the value of the crypto currency. If you take for example the dollar, then every dollar has its share of gold in the state's Gold Reserve. But Bitcoin, it's practically air, which costs fabulous money.
As I explained in a previous post, the price of an altcoin does not show its importance. For the same reason, the marketcap, which is simply the price multiplied by the total supply is a bad indicator of the importance of an crypto-currency. We thus can not use Ethereum total valuation to argue that there is a flippening.
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