As BTC raises..ETH will fall! | Bitcointalksearch.org

BTCLovingDude

legendary

Activity: 1134

Merit: 1010

BTC to the moon is inevitable...

Quote from: Ehrhc on September 23, 2017, 01:10:48 PM

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

pump and dump altcoins always drop harder in general.
and in case of ETH there has been lots of issues that led to the actual dump and bigger fall because in fact the news affected Ethereum most of all and if China ever bans anything they will ban ETH first.

Quote

There is this hidden gathering of limiting btc supplies....while offering too much ETH!
Agree ..Disagree?

it is unclear what you mean!
the supply of bitcoin is clear and there is nothing hidden about it. it is limited and with a logical distribution model.

on the other hand ETH has no cap (the supply is unlimited) and the distribution has been terrible! they had a huge premine of more than 70 million coins and they also had an ICO and then the mining reward is also huge.

vegito

jr. member

Activity: 35

Merit: 10

Quote from: Ehrhc on September 23, 2017, 01:10:48 PM

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

There is this hidden gathering of limiting btc supplies....while offering too much ETH!

Agree ..Disagree?

The results in the last few months show a direct correlation between Bitcoin rise and Ethereum rise. But I'm sure this can't last forever.

It's only a matter of time before some of those Ethereum millionaires start cashing out to put money in the most stable store of value, which is Bitcoin.

machinek20

hero member

Activity: 840

Merit: 501

There are no relation, unless you are trading btc with eth, as the btc price up it will make the eth value down, but overall there are no connection at all, because eth got its own investors btc also gt its own investors, if you trade eth with dollar you will see the connection is not exist

alsoknownas

newbie

Activity: 6

Merit: 0

Is it a wiser investment to buy BTC...or ETH? I would appreciate people's thoughts on this.

marketone

legendary

Activity: 1302

Merit: 1000

I think the price of Bitcoin increase the value of ETH will also increase. Still, ETH is the cryptocurrency which completely depends on Bitcoin price only.
I have seen many times in the markets the value of ETH will increase in the coming days because ETH community is kept growing like Bitcoin.

hase0278

hero member

Activity: 882

Merit: 544

Quote from: Proton2233 on September 26, 2017, 04:52:21 AM

There is no direct connection but the price of bitcoin is always reflected in the price of altcoins. Personally, I trust the bitcoin. I know of a cryptocurrency start and if we are waiting for the collapse of the cryptocurrency that bitcoin will be the last currency which will live.

The price of bitcoin is always reflected on the price of altcoins probably because most people do buy and sell every time bitcoin price goes up or down depending on the movement of bitcoin. Because of that bitcoin controls other altcoins indirectly but not all. There are some like ETH and other top coins that doesn't follow the trend of btc price sometimes. That being said, if btc price, it will not be always certain that eth will fall.

Proton2233

sr. member

Activity: 434

Merit: 252

Quote from: Zuilhsa on September 26, 2017, 04:40:05 AM

Generally if bitcoin rises altcoins experience small dips, I think we don't want to compare bitcoin with altcoins as altcoins are the sub of bitcoin. ETH had raised up in a short period, Other than that there can't be any relation between bitcoin and ETH.

There is no direct connection but the price of bitcoin is always reflected in the price of altcoins. Personally, I trust the bitcoin. I know of a cryptocurrency start and if we are waiting for the collapse of the cryptocurrency that bitcoin will be the last currency which will live.

Zuilhsa

full member

Activity: 296

Merit: 100

Generally if bitcoin rises altcoins experience small dips, I think we don't want to compare bitcoin with altcoins as altcoins are the sub of bitcoin. ETH had raised up in a short period, Other than that there can't be any relation between bitcoin and ETH.

djsugar

sr. member

Activity: 686

Merit: 262

First of all I don't see any correlation between Bitcoin and Ethereum price. They aren't in a direct competition and comparing them would be stupidity. Ethereum has utility because of its use in creating token. Bitcoin has its own market. Ethereum is experiencing a drop since China banned ICOs. Ethereum main utility lies in creating ICO tokens. That has affected the market. But it will ultimately recover.

teilwalL05

hero member

Activity: 980

Merit: 500

Quote from: alyssa85 on September 24, 2017, 05:56:31 AM

Quote from: Wilhelm on September 23, 2017, 04:54:54 PM

I'm only into Bitcoin but I might have an explanation.

In the olden shitcoin days you people first bought Bitcoins.
Then for fun they bought some shitcoins with their "spare" cash just to make some quicker money on the volatility of the shitcoin.
But when things went bad they all dumped their shitcoins into Bitcoins and if it was even worse then back to fiat.

So ETH might be dropping faster because people trust Bitcoin more than ETH.
This means that Bitcoin will receive inflow from ETH dumps. This makes ETH go down fast while Bitcoins decent gets cushioned by the people converting to Bitcoin (buying).

You can buy ETH directly with dollars and euros, people no longer need bitcoin to buy it.

I think the reason ETH is dropping is that most ICOs are based on it, and you need ETH to participate, but the supply of ICOs has dropped thanks to the China business.

This is the thing that I think why ETH price is dropping right now and bitcoin is now rising to the maximum level, and you are right ICO's are really ban right now in china, but there are many elements involve in certain drops of other Cryptos, and not just because of the increasing value of bitcoin, and I really think that banning ICO's in china has a bigger impact with it.

btc-facebook

legendary

Activity: 1862

Merit: 1015

Believe it or not, ETH is an altcoin that means created after bitcoin so it's normal to see ETH under bitcoin.
I'm just unexpected when Microsoft decide to use ETH for their company so yeah.. altcoin world far more unpredictable rather than bitcoin so it may yield more profit in the future trading

Mr.Anonymous

hero member

Activity: 644

Merit: 500

Quote from: Seansky on September 24, 2017, 07:01:52 AM

Quote from: Ehrhc on September 23, 2017, 01:10:48 PM

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

There is this hidden gathering of limiting btc supplies....while offering too much ETH!

Agree ..Disagree?

There is a possibility of a hidden gathering of limiting btc supplies but offering too much ETH wont very likely to happen, maybe there is a group trying to manipulate it. As we can see now, eth can be directly bought with USD now and therefore, the fall of eth is not really connected with the rising of BTC but instead it falls independently and there is no direct relation between the two in terms of their price's rise and fall.

Actually if the price of Bitcoin decreased by some reasons, it also makes other cryptocurrencies falls down too. Because you have to remember, we are stay in a cycle Bitcoin is the King, most of the traders think altcoin only following the price of Bitcoin.

Seansky

hero member

Activity: 560

Merit: 500

Quote from: Ehrhc on September 23, 2017, 01:10:48 PM

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

There is this hidden gathering of limiting btc supplies....while offering too much ETH!

Agree ..Disagree?

There is a possibility of a hidden gathering of limiting btc supplies but offering too much ETH wont very likely to happen, maybe there is a group trying to manipulate it. As we can see now, eth can be directly bought with USD now and therefore, the fall of eth is not really connected with the rising of BTC but instead it falls independently and there is no direct relation between the two in terms of their price's rise and fall.

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: Wilhelm on September 23, 2017, 04:54:54 PM

I'm only into Bitcoin but I might have an explanation.

In the olden shitcoin days you people first bought Bitcoins.
Then for fun they bought some shitcoins with their "spare" cash just to make some quicker money on the volatility of the shitcoin.
But when things went bad they all dumped their shitcoins into Bitcoins and if it was even worse then back to fiat.

So ETH might be dropping faster because people trust Bitcoin more than ETH.
This means that Bitcoin will receive inflow from ETH dumps. This makes ETH go down fast while Bitcoins decent gets cushioned by the people converting to Bitcoin (buying).

You can buy ETH directly with dollars and euros, people no longer need bitcoin to buy it.

I think the reason ETH is dropping is that most ICOs are based on it, and you need ETH to participate, but the supply of ICOs has dropped thanks to the China business.

Lieldoryn

sr. member

Activity: 630

Merit: 272

It seems to me that ETH will now rise in price because in order to be able to get it will need to have 1000 coins. When all who wish to join this minimum stock price stabiliziruemost and maybe even go down.

NoNetwork

sr. member

Activity: 392

Merit: 292

Quote from: Herbert2020 on September 24, 2017, 01:39:15 AM

there are a lot of reasons for ETH price falling hard. most of them have to do with the fact that ETH is a big pump and dump scheme and also another important fact that people overlook is that one of the reasons why ETH was pumped this hard was the existence of ICOs. countless ICOs were created and each required ETH tokens to participate which creates a fake demand and pumps the coin.

as people stop buying into ICOs and as they realize how scamy they are, additionally the Chinese government banning ICOs all lead to removal of that fake demand and dumps ethereum price.

Are they really mostly fake demands and dumps because of the ICOs? I thought that they were just tokens that have been forked to Ethereum. I mean Ethereum did really well when it comes to its price and making its way more closer to Bitcoin for the past few months that have passed, even though Bitcoin too have pumps that merely skyrocketed to the moon.

Hmm that made me think, I thought that China banned the ICOs just to say that "we don't need that" because they are pretty much very powerful Economic-wise, but instead we have this little detail that we are obviously missing out.

severaldetails

hero member

Activity: 959

Merit: 500

As soon as something goes sideways in the crypto currency world the people who get frightend easily react in two possible ways:
They go out of crypto completely, or the move their money into bitcoin because it's the largest and therefore most stable crypto currency.
That leads to a decrease of the altcoins in general, and if money goes into bitcoin, bitcoin rises while others fall.

HeRetiK

legendary

Activity: 3122

Merit: 2178

Playgram - The Telegram Casino

Quote from: Ehrhc on September 23, 2017, 01:10:48 PM

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

There is this hidden gathering of limiting btc supplies....while offering too much ETH!

Agree ..Disagree?

Historically, whenever BTC loses value, the alts react even stronger. Many people know this, so they trade accordingly, lest they are left holding the bag.

To add to that, in times of uncertainty people tend to move to assets that they perceive as safer. Apparently BTC is still more trusted than ETH.

Herbert2020

legendary

Activity: 1946

Merit: 1137

there are a lot of reasons for ETH price falling hard. most of them have to do with the fact that ETH is a big pump and dump scheme and also another important fact that people overlook is that one of the reasons why ETH was pumped this hard was the existence of ICOs. countless ICOs were created and each required ETH tokens to participate which creates a fake demand and pumps the coin.

as people stop buying into ICOs and as they realize how scamy they are, additionally the Chinese government banning ICOs all lead to removal of that fake demand and dumps ethereum price.

HabBear

hero member

Activity: 1106

Merit: 638

Quote from: Ehrhc on September 23, 2017, 01:10:48 PM

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

There is this hidden gathering of limiting btc supplies....while offering too much ETH!

Agree ..Disagree?

Disagree.

There is no connection. And you admit to as much because you don't offer any rationale for why you'd even think that there's a causal relationship.

Correlation is not an indicator of a causal relationship.

E.g., Bars are busy on Fridays, people get paid on Fridays. That's a correlation. It does not, however prove that the reason bars are busy on Fridays is because people get paid on Fridays. Bars are busy on Fridays because people don't have to work on Saturday. That's a causal relationship.

Trying to find relationships where they don't exist is one of the most common human flaws.

Topic: As BTC raises..ETH will fall! (Read 831 times)