this is a really interesting one to watch, and perhaps the most consequential for the long term crypto investor (BTC and ETH make up about 50% of my investment account). will there be a "flippening" this cycle? doubtful. but you can bet for damn sure i'll be holding more ETH than BTC for the foreseeable future.
interested to hear what others think about this narrative.
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probably should have just updated this thread rather than creating a new idea. oh well. crazy (?) prediction below.
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looks like the "flippening" isn't out of the question this year. for kicks i just crunched some numbers based on the ETH/BTC pair.
ETH only needs to reach its 2017 high of 0.156 BTC to share a 50/50 split with BTC in terms of dominance. a higher high would put us in the flip zone.
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i traded like 60% of my BTC for ETH (my long term account, not my trading account). seemed like a lot at the time. now i'm wishing i had gone all-in.
Very important chart to track IMO. I would agree we won't see a complete flip of ETH and BTC dominance but ETH is still "relatively" affordable (compared to BTC) and could very well close in on BTC over the next decade.
funny this morning ( Asia ) I was thinking also about ETH flipening BTC. I think ETH have more use cases and adoption, therefore more potential, but I don't know. Therefore most of my allocation is in a crypto index. Because I don't doubt about the transfer of wealth from " traditional " fiance to Blockchain
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@DiegoAlonsoVan-Camp, index funds are a great way to invest without all the headaches of FA/TA and trading. that's typically how i invest in the stock market. thanks for the comment!