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RE: Will the Ethereum Flippening become a Reality? MARKETCAPS ARE GETTING CLOSER THAN YOU THINK
I do not get the fuzz about this flippening. For example, GBYTE is way beyond ETH in price but no one cares. And that is how it should be. A price is just that, a price. It takes humans to make a drama out of it.
In reality right now its mainly due to the slip ups Bitcoin is slacking on fixing and ETH lately is locking up a lot of its value in ICO's and this is creating a huge coming scarcity so everyone is hording like crazy. Not me, I will not purchase ETH myself if it even was worth zillions out of principle due to some evil central bankers having a hand in that. I don't blame people for wanting in on the action but I am not a fan here. Reason there is so much hype is because no one even came so close to knocking BTC out of the number one spot. I get it too that there are much more worthy adversaries in crypto to hold a position against BTC but for some reason everyone is backing ETH like crazy. This though isn't about the prices at all, its the market cap volume everyone is concerning over, that volume is based on value over prices and how much fiat is basically stored as value. If you notice ETH is low priced compared to BTC but its growing fast in investment confidence to store value and this is a huge concern for anyone that believes in Bitcoin or any other coin because if ETH tops up over it, we maybe seeing a whole new way of running crypto and a lot of serious changes may take place for the whole movement to free ourselves from central banks. It could give them control in crypto, which concerns me a lot.
Seriously fuck that, the whole reason I got into crypto was to get away from central banks, and the tax man. I'm in it for the freedom crypto provides.
I am 100% with you. I remember last winter when I found out JP Morgan got its hands in ETH, I dumped my holdings in a split second, I was in the POLO troll box. You know what bugged me more though, I was talking about JP Morgan in ETH in that troll box and everyone did not really care, they only saw dollar signs and it actually was what got me to trade less over at POLO besides the lag issues lol. It seems to me we still have guys like you and I who are here for the long term goals to change the system for the better peacefully but more and more have lost that side to this as a movement and about only the money side. I get it we all want to be rich here in some form or fashion but we should also strive to better the world as well or what does it really matter?