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Idea of the Flippening is Dead… Finally!cryptopotato.com/no-more-flippening-bitcoin-is-now-worth-1-trillion-more-than-ethereum/
113 sats \ 6 comments \ @Cje95 27 Oct 2024 bitcoin
The flippening has been talked about time and time again but now it seems that for once everyone has realized the idea is dead. Not only has BTC hit a a ratio not seen since 2021 at ETH/BTC being just 0.037 but it hit a TRILLION dollar cap advantage.
I really hope I don’t see anything about the Flippening coming anymore.
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0 sats \ 1 reply \ @DesertDave 27 Oct 2024
Never heard of it. Sounds made up. What's ETH?
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0 sats \ 0 replies \ @028559d218 27 Oct 2024
+1
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0 sats \ 1 reply \ @grayruby 27 Oct 2024
I will keep my opinion to myself as to why this was a thing.
But the reality is Eth's TAM is much smaller than Bitcoin's so it never made any sense even if eth fulfilled its entire promise. Eth is still massively overvalued. If you value it like you would a software company, it's worth around 1k at most.
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40 sats \ 0 replies \ @Cje95 OP 27 Oct 2024
The idea of smart contracts just got people salivating!
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0 sats \ 1 reply \ @Satosora 27 Oct 2024
Fiat mindset.
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0 sats \ 0 replies \ @Cje95 OP 27 Oct 2024
The flippening? I think it’s a mix of that and people just straight up hoping for it with some other crypto just to make the huge returns. Even though returns now are great people still can see the 20k level and how it 3x in just a few years and want to see more of that
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