4 ms·

Bitcoin is not going to make it

20 points by web3d3v 4y ago

dustymcp 4y ago
This is known as the flippening see : https://www.blockchaincenter.net/en/flippening/ https://www.blockchaincenter.net/en/flippening/
- nyc_data_geek1 4y ago
  Alternatively, https://ratiogang.com/ https://ratiogang.com/
MuffinFlavored 4y ago
Cryptocurrency as a whole isn't going to make it or specifically Bitcoin as the "leader"/top dog in the coin? Is Ethereum showing any metrics of growth/cannibilzing into Bitcoin's lead? When is it projected that Ethereum will lead and Bitcoin will be secondary? According to https://coinmarketcap.com/ https://coinmarketcap.com/ ETH market cap: $205,472,110,461 BTC market cap: $451,416,778,093 Not as far off as I would've though to be honest. https://ycharts.com/indicators/ethereum_market_cap https://ycharts.com/indicators/ethereum_market_cap https://ycharts.com/indicators/bitcoin_market_cap https://ycharts.com/indicators/bitcoin_market_cap At a quick glance I don't see any period in the past 5 years on those charts where Ethereum isn't at least 2:1 behind BTC so... is it really "growing" or just basically pegged against BTC?
- sschueller 4y ago
  At least ethereum is continously improving like moving to PoS while bitcoin is stuck in the past without any utility except payments which it's really bad at. Sure ethereum yet has to show usability as well but it has a much better chance of this than bitcoin. Bitcoin also has such a large amount of its coins in Satoshi's control that if he ever shows up and moves them or someone else is able to do it, it will probably crash the whole thing.
  - sunshinerag 4y ago
    Not moving to PoS is good for bitcoin. PoS is a totally different model with different tradeoffs, not everything has to move to it. For payments on Bitcoin, it is rocking with lightning. Time to catch up on that subject.
  - MichaelVangard 4y ago
    How is POS an improvement?
- ashwagary 4y ago
  >Not as far off as I would've though to be honest. Market cap is a mostly useless vanity metric in the crypto world, I don't recommend relying on it for forecasts. >is it really "growing" or just basically pegged against BTC? The massive BTC/ETH liquidity pairing pegs them to each other where price is concerned. This cycle, a large percentage of Bitcoin's steam was cannibalized by custodial entities like FTX and Celsius stealing money from Bitcoin onboards and redirecting it to yield farms and leveraged trading on the ETH chain. I would be careful about extrapolating too much from data produced during a sabotaged BTC cycle.
databroker 4y ago
How is that news? Look at the curve it’s a classic two peak mania
AustinDev 4y ago
'Bitcoin is Dead' (February, 2014)
sunshinerag 4y ago
You can add it to this list https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/
moremetadata 4y ago
Bitcoin is a 5eyes experiment.
- h0p3 4y ago
  When did it become their experiment? Why do you think that?
not_me_ever 4y ago
That article just made me buy another 5BTC. Just because. Let's see what happens.

20 points by web3d3v 4y ago

This is known as the flippening see : https://www.blockchaincenter.net/en/flippening/ https://www.blockchaincenter.net/en/flippening/

nyc_data_geek1 4y ago
Alternatively, https://ratiogang.com/ https://ratiogang.com/

MuffinFlavored 4y ago

Cryptocurrency as a whole isn't going to make it or specifically Bitcoin as the "leader"/top dog in the coin? Is Ethereum showing any metrics of growth/cannibilzing into Bitcoin's lead? When is it projected that Ethereum will lead and Bitcoin will be secondary? According to https://coinmarketcap.com/ https://coinmarketcap.com/ ETH market cap: $205,472,110,461 BTC market cap: $451,416,778,093 Not as far off as I would've though to be honest. https://ycharts.com/indicators/ethereum_market_cap https://ycharts.com/indicators/ethereum_market_cap https://ycharts.com/indicators/bitcoin_market_cap https://ycharts.com/indicators/bitcoin_market_cap At a quick glance I don't see any period in the past 5 years on those charts where Ethereum isn't at least 2:1 behind BTC so... is it really "growing" or just basically pegged against BTC?

sschueller 4y ago
At least ethereum is continously improving like moving to PoS while bitcoin is stuck in the past without any utility except payments which it's really bad at. Sure ethereum yet has to show usability as well but it has a much better chance of this than bitcoin. Bitcoin also has such a large amount of its coins in Satoshi's control that if he ever shows up and moves them or someone else is able to do it, it will probably crash the whole thing.
- sunshinerag 4y ago
  Not moving to PoS is good for bitcoin. PoS is a totally different model with different tradeoffs, not everything has to move to it. For payments on Bitcoin, it is rocking with lightning. Time to catch up on that subject.
- MichaelVangard 4y ago
  How is POS an improvement?
ashwagary 4y ago
>Not as far off as I would've though to be honest. Market cap is a mostly useless vanity metric in the crypto world, I don't recommend relying on it for forecasts. >is it really "growing" or just basically pegged against BTC? The massive BTC/ETH liquidity pairing pegs them to each other where price is concerned. This cycle, a large percentage of Bitcoin's steam was cannibalized by custodial entities like FTX and Celsius stealing money from Bitcoin onboards and redirecting it to yield farms and leveraged trading on the ETH chain. I would be careful about extrapolating too much from data produced during a sabotaged BTC cycle.

databroker 4y ago

How is that news? Look at the curve it’s a classic two peak mania

AustinDev 4y ago

'Bitcoin is Dead' (February, 2014)

sunshinerag 4y ago

You can add it to this list https://99bitcoins.com/bitcoin-obituaries/ https://99bitcoins.com/bitcoin-obituaries/

moremetadata 4y ago

Bitcoin is a 5eyes experiment.

h0p3 4y ago
When did it become their experiment? Why do you think that?

not_me_ever 4y ago

That article just made me buy another 5BTC. Just because. Let's see what happens.