from Hacker News

Bitcoin is not going to make it

by web3d3v on 2/4/23, 10:58 AM with 13 comments

• by MuffinFlavored on 2/4/23, 5:03 PM

  Cryptocurrency as a whole isn't going to make it or specifically Bitcoin as the "leader"/top dog in the coin? Is Ethereum showing any metrics of growth/cannibilzing into Bitcoin's lead? When is it projected that Ethereum will lead and Bitcoin will be secondary?

  According to https://coinmarketcap.com/

  ETH market cap: $205,472,110,461

  BTC market cap: $451,416,778,093

  Not as far off as I would've though to be honest.

  https://ycharts.com/indicators/ethereum_market_cap

  https://ycharts.com/indicators/bitcoin_market_cap

  At a quick glance I don't see any period in the past 5 years on those charts where Ethereum isn't at least 2:1 behind BTC so... is it really "growing" or just basically pegged against BTC?

• by sunshinerag on 2/4/23, 6:41 PM

  You can add it to this list https://99bitcoins.com/bitcoin-obituaries/

• by dustymcp on 2/4/23, 5:28 PM

  This is known as the flippening see : https://www.blockchaincenter.net/en/flippening/

• by not_me_ever on 2/6/23, 10:00 AM

  That article just made me buy another 5BTC. Just because. Let's see what happens.

• by databroker on 2/4/23, 5:40 PM

  How is that news? Look at the curve it’s a classic two peak mania

• by AustinDev on 2/4/23, 6:11 PM

  'Bitcoin is Dead' (February, 2014)

• by moremetadata on 2/5/23, 7:10 AM

  Bitcoin is a 5eyes experiment.