🙃 Here Is Why The Flippening Is About To Happen

bitcoinflood (77)in #cryptocurrency • 7 years ago

We all thought the Flippening where Ethereum was going to take over bitcoin in terms of market cap was going to happen last year. However BOTH Bitcoin and Ethereum hit a major road block in terms of scalaiblity that ended up putting a hault to that. Both have had an amazing run from $200 to now $1,000 Ethereum has gained massive traction and bitcoin from $800 to $9,000 is nothing to sneeze at those are posted massive gains that would take you LIFETIMES to earn in stock markets and savings accounts.

So why now do I believe the flippening is happening?

November into December we saw how resilient bitcoin is to news and goverments so called "banning" but what else we saw was miners and developers unwillingness to change. This unwillingness clearly shows why bitcoin eventually would be replaced with another coin that is geared to adopt and change and things come up.

This is core business 101 a company that does not adapt to change will fail and this clearly looks like the road we are on with bitcoin at the moment.

🗲 The only possible positive news right now that would save bitcoin is if lightning network where to launch and allow for massive adoption across the board.

Ethereum Shows Its Strength

Ah it seems just yesterday where fake news came out about the creator being killed and Ethereum just nose diving! But here we are now at over $1,000 per Ethereum and as we can see even during all of this crazy selling off its actually holding its own.

Image below is a screenshot from https://coinmarketcap.com/

as we can see every other crypto in the top 14 list that I could fit on this screen grab is down in the double digits while Ethereum is 8.17% down. Yes its down but with all that pressure on the downward trend it is actually fairing much better and is starting to show how strong it really is.

The other big news is Ethereums creator Vitalik Buterin has announced plans to focus in on scaling the network and pushing back Casper which changes Etherium to a POS (Prof of stake) instead of a POW(Prof of work) system. This to me clearly shows an understanding, willingness and capability to shift focus on what is needed now and prioritize things.

Being an entrepreneur myself this is one of the keys that makes a thriving business!

#bitcoin #crypto #ethereum #flippening

7 years ago in #cryptocurrency by bitcoinflood (77)

$12.14

Sort:

Trending

[-]

jjcali (57) 7 years ago

Everything is struggling right now. Not sure if a flip is in the market right now.

$0.29

3 votes

[-]

bitcoinflood (77) 7 years ago

yeah talk about a blood bath dang! But maybe on the uptick is when we will see it happen

$0.33

1 vote

[-]

lostinthewoods (57) 7 years ago

It makes my heart race to think about the velocity with which a coin can rise, and fall of course, as we have seen, but I think we all know where this is going.

$0.04

2 votes

[-]

digitaldruid (47) 7 years ago

I think that the volatility will slow down once the select few that survive are used in commerce. Velocity of transactions will help establish a true value and reduce the speculators.

Cryptos will need to prove they are a viable replacement for fiat through being able to handle massive amounts of transactions.

Buterin is doing his best to make sure this is the development team's priority. The Bitcoin development team is far less vocal about development projects to improve transaction speed, size, and lower fees. It could be their undoing.... but then again, I think BTC will become a store of value more than a means of rapid and frequent transactions for commerce.

$0.00

[-]