Before you ask - the term "flippening" is used by people other than myself: https://www.google.com/search?q=flippening https://www.cnbc.com/2018/01/08/ethereums-co-creator-predicts-a-flippening-with-bitcoin-in-2018.html A few hours ago, ETH/BTC climbed above 0.10 for the first time since July 19, 2017. https://www.cryptocompare.com/coins/eth/charts/BTC?p=12M The all-time high for ETH/BTC was 0.1523 on June 13, 2017. At the time of writing, on GDAX: Bitcoin 11,496.25 Ethereum 1,197.75 ETH/BTC 0.10439 Market cap from https://www.worldcoinindex.com/ Bitcoin $198.25 billion Ethereum $120.33 billion .
True yet i still find it crazy as ETH and BTC both have different use cases ETH are meant to be spent for Dapps while BTC is more like gold of currency I am going confused
It seems to me that bitcoin loses its ground. Personally, I'm expecting Ethereum exponential growth. I'm staking on it.
Market gonna market. In the last 30 days the BCH/ETH pair went from 3+ to under 1.5. In plain English, BCH lost half of its value measured in ETH. Or put it in other way, ETH is getting stronger. The BTC/ETH pair did the same, from 18 to 9: https://www.worldcoinindex.com/coin/bitcoin
Unfortunately I didn't buy ETH/BTC at the breakout above 0.1000. I also didn't buy it on the weekend when I posted about ETH/BTC being at 0.10439. https://www.gdax.com/trade/ETH-BTC Now it has climbed to 0.11888. A nice move in 4 days. At the time of writing, on GDAX: [Feb 1 at 7.45am] Bitcoin 9,280.00 Ethereum 1,100.43 ETH/BTC 0.11888 Market cap from https://www.worldcoinindex.com/ Bitcoin $158.92 billion Ethereum $109.15 billion .
But Eth hasn't gone up in $$ much really. It's BTC that's hitting the skids. Still - if you want into crypto, ETH is the best bet right now, imo. It's in high demand from all the ICO's happening and that's only increasing. Other coins have much less demand. ETH is bigger than BTC for that function.