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RE: How Would an ETH Flippening Affect the Cryptocurrency Market?

in #cryptocurrency7 years ago

Interesting thoughts! I personally prefer Ethereum but I think it's unlikely ether passes bitcoin for the following reasons:

*For the market to move close to the January high's it's likely to be on the back of bitcoin as it will be new money entering the market and Bitcoin is likely to be the first coin of choice.

*Ether has it's own scaling problems that are yet to be tested to the extent we saw with bitcoin's earlier. The implementation of POS is being underestimated in terms of simplicity.

*With the SEC ruling, it's quite likely that a lot of ERC20 tokens are deemed securities which throws the cat amongst the pigeons

My 2c.

Thanks for the video

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Thank you for providing your 2c! 😄