⏱️ Why The Flipping Might Now Happen
Lets face it bitcoin has been getting a bad rep here of the last few months. Nothing but bad news has come out about bitcoin crashing it down nearly 50% off its all time highs of 20k in late December. Now with tether and bitfinex news coming out saying that it could have been artificially inflated which if confirmed speculators predict another 80% crash possible.
Tether has confirmed its relationship with auditor has dissolved.
This is why I will always say be VERY careful or don't invest in any alt coins that have not proven themselves ICOs in my opinion are just like betting your life away.
Also a reason to NEVER trust exchanges with your crypto and to pull them out into your own wallet as soon as possible. This is showing why we need decentralized systems as just about every exchange in crypto is turning out to be massive corruption (you just can't trust people or take their word anymore)
The Flippening
Now in other news Ethereum is looking better and better in terms of being the crypto that will overthrow bitcoin.
We talked about the Flippening last year and got close but ended up falling short as it hit the same bottle necks as bitcoin in terms of scaling. (Otherwise it would have happened)
Ethereum has been putting a ton of work into their systems and scaling them and has also refocused efforts off of POS (Casper) to scaling solutions for their systems which in test so far look very promising.
It might been sooner then later we see this happening with recent news and events the shifting is primed in my opinion.
If this where to happen I see Ethereum pushing $2,500 per coin.
Remember this is all speculation any my own opinion and should not be taken as investment advice. What you do with your money is your own judgment and responsibility.
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There will be a Flippening, but it will be Ripple that ends up on top!!! 🙀
Any reason why? I feel opposite on this one being that it is fully centralized compared to what crypto currency vision is.
Nah, I was just trying to throw some gasoline on the fire. 😈
lol always good
All very valid points right here @bitcoinflood.....Ethereum is acting STRONG
the future is in ethereum
The bad news was might be planned.
Seems big companies accumulating big BTC during this correction BTC can explode any time and we maynot see BTC 10k again
No Doubts, ETH is a great coin indeed with a bright future :)
There's always gonna be people looking for that moon shot
It won’t happen any time soon. The day that Ether doesn’t nose dive when Bitcoin crashes is the day we might be seeing signs of the flippening.
A valid point it does not seem to be hurting as much as it use to but yes still a majority of other coins and trading are still reliant on Bitcoin. ETH does seem to be picking up the pace though a bit but that does threaten its capacity.
Well, I would love to know what is going to happen to Bitcoin as I have some money invested in it and to be honest its not doing well at all. I to have money invested in Ethereum and I have had a better return on that. Thank you for your information and post. A well deserved upvote
We would all love to be in the known for what is going to happen, heck if we did everyone would be totally rich or well really everyone would be even. Bitcoin is hitting some rough roads here and the only thing going for it is the possibility of having lightning network running on it soon. As far as I know that is the ONLY positive thing about it right now.
Of course that could all change in a heart beat as we all know from crypto trading things here move very quickly.
I kind of wish I kept all my ether instead of selling some last year for $217 :/ lol
I feel you in that selling part!😫
Totally agree with you. But what makes things worse is like you, you think you doing right by selling. But fingers crossed things pick up for us all and we can all have a happy prosperous life ahead of us. I have followed you hope you don’t mind. Enjoy reading a good post
it well could be...however I don't think btc is dead..what do you think of the implementation of lighting network? I really don't know if keep holding btc or move that to ETH or even NEO at 50%...I wish I have a magic ball hehe, thanks!
Ah me to that magic ball would be nice lol, I think the only thing keeping BTC afloat right now is having lightning network as a possibility and if it does well and launches within the next few months BTC very would could explode to all new levels as it could be used for every day transactions then. To me it would be one of those switches that when flipped either crashes and burns or takes us to new levels and that worries me a bit as a very very high risk. I myself though will still be HODLing
Thanks for your reply! I am checking often on the development of LN and it seems to go well, let's see if old good btc still has a hidden ace. Will be hodling as well, but wow this is a crazy crypto world we live in haha
Great post, and I agree with everything you said. Bitcoin has been performing poor...especially compared with ETH, and I have most of my eggs in ETH!
I feel like Ethereum could hit $3000 before the end of this year, but I am no financial expert. My money feels safer with ETH.
Good luck, and thanks for sharing, upvoted.
Totally agree with that my money just seems safer now with ETH compared to these others. Its built that trust and has not really had any bad negative news if anything only positive and moving towards the right direction. No battling with miners and developers etc.
It is bound to happen eventually. I wouldn't be surprised if it happens soon. I also wouldn't be surprised if BTC goes on another tear and pulls away again. I've given up trying to predict this crazy market.
The only thing I can say is one day it will happen and a lot of people that bought into the BTC is digital gold marketing are going to be disappointed.
The good news is that if you didn't pick up BTC a couple of years ago there will be other opportunities for explosive gains. I keep telling people I know that think they missed the boat on BTC that there are other opportunities if they are willing to do the research.
Ah the good old I missed the boat, I hate when people say that to me as I still stock up on dips and end up with 10% or so profits on it. That would take me 10+ years to make in a bank account and in crypto takes 2 days in most cases! You missed nothing people crypto is still young, very young.