Flippening is a the name that is attached to the scenario in which ethereum and its market cap of 80 billion dollars currently will bypass bitcoin 140 bilion $ marketcap and will become number one crypto currency. Is this really that far fetched? I dont think so, and heres why:
Ethereum has much faster transactions then bitcoin and people are using it as a currency even though it was designed for smart contracts.
Ethereum has much lower transaction fee then bitcoin.
Ethereum has smart contracts which are mostly used for raising funds for ICOs with the famous erc-20 token. These contracts really makes ethereum smart and has the ability for example to automatically refund people money if the ICO reached its cap for investments.
The same ICOs makes ethereum a much stronger coin as people not only buying it just to hodl it and hope it will appreciate in value but rather as requirement to enter a given ICO . If you want to buy an erc-20 token you have to deposit ether to an erc-20 complaint wallet like "myetherwallet" or "metamask" If you dont do it this way you will not get your tokens. This is is enough reason to hodl ethereum :)
The Casper proof-of-stake update for ethereum which will soon be released will allow whales with a minimum of 1000 ether to stake them and earn about 8% per quarter. of course there will be staking pool which will allow staking for lower amounts. This will surely make ether much stronger and people will prefer to hold it instead of bitcoin with no restrictions and earn intrest as a bonus like NEO is doing. why not really?
Crypyo Maniac out
Yes. At some point it will be followed by the Steem flippening.
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While it is quite possible that Flippening may happen one day, i dont believe it can happen any time soon. Maybe in 2020+
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I do believe in Ethereum and have most of my money in it but I doubt "the flippening" will happen. At least not this year.
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NEO will overtake ETH instead :)
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yeah, and preferably with price for NEO similar to ETH price at its peak 🤪
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I really do not see any situation in the next year that any coin will bypass Bitcoin market cap
Bitcoin was here first and is the must stable coin also to get 99% of the other coins you must to have bitcoin first
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I don't know for sure. Ethereum will benefit a lot of all the different blockchain solutions that will ran on it.
Not all of them will be creating their own token, which increase the need for Ethereum. I went to a blockchain conference yesterday and 3 out of the 4 demos are running on Ethereum! So it could happen but just maybe not this year!
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You can call me old fashion but i think BTC is the father of all coins and will stay in first place market cap for long time
Sure BTC have a lot of bad things which working better in other coins but as long must to the use of alts is for trading / investment and not on day to day use BTC will stay first
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Rates are way too low for way too long. Now comes the timing for reaping. I know this is a meme, but this is good for Bitcoin lol
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ETH is rumored to be used soon as alternative currency in videogames. Unless that happens or it becomes much more widespread in use, it's impossible to pass BTC.
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Nice post thanks for sharing keep it up
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Good work.
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I think Ethereum have the potential to be No 1 ranked crypto currency. But the battle will be tough. 2018 will be the deciding year whether it will surpass Bitcoin or not.
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I agree with you, but you have to get a great deal of support from the international banks to make it stronger than the fabrication, thank you for this explanation
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The challenge for Ethereum is that they are to a large measure not in control of their own fate. Lots of 3rd parties need to make it relevant. There are lot trying but so far only great ideas with no demonstrated use cases. It will be interesting to see where it all goes. If something great can happen this year they have a shot. In the meantime people still equate crypt as bitcoin and it has a huge advantage. But they need to decide what they truly are a currency or a store of value and bitcoin will also face the toughest regulations. Let's hope for the best for both.
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My bet is on Ethereum. It's a more advanced tech and the coin is much more transactional.
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there is no chance in hell that will happen until you can buy just as many stuff with ETH as you currently can with BTC
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nice
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Thanks for sharing
Followed n upvoted
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I have a dream, that one day...
:)
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Vote beck dong
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Good thinking
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It will, maybe not permanently but it will happen,
why? they were already a bit close in the end of january
(yes, it is 70 billion difference, but what it would take is to drop some more for BTC, and to grow some more for ETH)
BTC:
ETH:
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I don't think ethrume can beat bitcoin. Etherume is the best crypto coin after bitcoin.Bitcoin is the first cryptocoin and most popular.
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indeed, he regards the national push for a high tech salve for security anxieties as a respire of his own erroneous beliefs about the transforming power of strong crypto...
a person having a secret allegiance to a political creed, especially communism......
stay blessed bro and keep it up and increase our knowledge keep sharing...
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Certainly does not seem like it, considering its market performance in the last month.
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Awesome post. Keep it up. Thanks for sharing.
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Bitcoin or Ethereum: Which One is a Better Investment in 2018?
https://www.tokens24.com/news/bitcoin-ethereum-one-better-investment-2018/
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I think BTC is the best of all, I mean such a hike an such a less time. But so far Etherium is growing a lot.
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Except it's ledger isn't secure and they had a rollback. Noone in their right minds will put serious amount in something proven unsecure. Might be quick and good for a cup of coffee or vehicle for investment in an ICO, but serious players will go for security over speed and saving on fee's when you gamble with your security in crypto, you are lost...
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let's wait and see if your predictions will come true.......let's keep our fingers crossed. nice post
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