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Topic: Bitcoin dump, Ethereum pump! (Read 837 times)

K4C
full member
Activity: 448
Merit: 103
$CYBERCASH METAVERSE
December 16, 2021, 10:32:23 AM
I think it is definitely rong the news a Bitcoin dump because Bitcoin is the king of  cryptocurrency and they are very strong coin all of the coin but some time price down and high they are the part of a cryptocurrency .
And i cannot said that Ethereum is a bad coin .
Ethereum is a one of the best coin in Crypto and they are rise there price for day by day so the many people say that Ethereum is a pump so it is absolutely true but the Bitcoin dump this thing is rong both coin are very interesting.
full member
Activity: 845
Merit: 100
December 16, 2021, 09:51:29 AM
This is the importance of us dividing assets, even when the top 10 red ranks there are some coins that continue to be green, by dividing the assets we are not dependent and of course it is too risky if we only hold 1 or 2 coins, now I collect about 30 coins only 10 are ranked top 100, and almost everything is green today.
sr. member
Activity: 1484
Merit: 254
December 16, 2021, 09:16:21 AM
It must be admitted that the influence of bitcoin has decreased after the arrival of USDT, the number of large projects that carry the concept of NFT and Defi makes the market more active, and some coins that have the opportunity to replace bitcoin are ETH and BNB, maybe many people think it's impossible, but look at the daily transaction volume, bitcoin continues to decline and ETH continues to increase.
sr. member
Activity: 882
Merit: 251
December 16, 2021, 01:44:28 AM
Market is now very volatile it is more volatile than the past bull run. I see that there are also a lot of metaverse coin that is not affected by the falling of btc price, so I think the crypto market is now really different and sometimes it happens that when bitcoin down ethereum will pump and that is not normal to us. The normal is that when btc price rise ethereum and altcoins will also rise but when btc fall all coins will also fall. It is maybe because of the very high on volatility market.
The opposite has also happened to Ethereum when Bitcoin started to fall but that kind of thing is always very rare and doesn't even happen for a long time because it's true that normally Ethereum always follows the flow of Bitcoin price movements so very often it increases simultaneously and decreases simultaneously with Bitcoin
legendary
Activity: 1722
Merit: 2213
December 15, 2021, 06:53:08 PM
People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.
Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.
I personally don't see a lot of hazard in Bitcoin or Ethreum long term. Assuming you're believe in a coin long term, enough not to sell at a loss, purchase more at the least in the cheapest price.

I'd also avoid comparing any other cryptocurrencies with Bitcoin and Ethereum too quickly. Over the years we've seen 99%+ altcoins fail, and fall out of the Top 10 or Top 100 only to be forgotten about and continue to lose value against BTC and ETH, struggling to regain their USD value with the weight of selling pressure at higher levels. So there is a reason to be cautious in bearish conditions, that could lead to another multi-year bear market, with altcoins that have yet to prove their relevance. Even project with good fundamentals and great tech die in bear markets, never to be seen again, simply due to selling pressure.

I remember in 2018 when people continued to invest in altcoins as they fell, it was only by 2019 when Bitcoin reached $14K and their altcoins had dumped even further they realised their mistakes. Holding coins that have a long price history of bouncing back, such as ETH and a few others, makes a lot more sense than ignoring emerging bear markets in altcoins. It's not worth simply buying more if you haven't taken profits.
full member
Activity: 552
Merit: 107
December 15, 2021, 12:47:10 AM
People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.
Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.
I personally don't see a lot of hazard in Bitcoin or Ethreum long term. Assuming you're believe in a coin long term, enough not to sell at a loss, purchase more at the least in the cheapest price. But, yes all the other things in the space is extremely unsafe. So, when you're shilling alts, realize the danger you're taking. It's high. Most people buying altcoins have no clue the degrees of hazard they are taking.
newbie
Activity: 15
Merit: 0
December 14, 2021, 11:42:41 PM
Jamie Dimon is a fool.  He's been wrong about crypto since Day 1.   Huh
Jeff Bezos said, in his opinion, the #1 sign of intelligence is being quick to admin when you're wrong.

Jamie Dimon has been wrong about crypto for like 10 years, and yet will never admit he was wrong or change his opinion.

However, I think he may be right about this one.  So far Ethereum seems to be the primary crypto for web 3.0,  the smart contracts are just too useful and too powerful, and I wouldn't be surprised if ETH starts to crowd out BTC.
legendary
Activity: 3094
Merit: 1127
December 14, 2021, 06:19:18 PM
People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.
Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.
They would only realize that when they lost money on where it is true that people would only just be minding off that the market is only having that
upward movement and doesnt consider those deep corrections and price decrease which it would really be ending up for you to get stressed and frustrated when you do see that you are losing money.Self realizations will really comes next which would really be comon for people who do have
those wrong impressions and beliefs on mind.
hero member
Activity: 3066
Merit: 629
Vave.com - Crypto Casino
December 14, 2021, 06:03:07 PM
People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.
Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.
sr. member
Activity: 2352
Merit: 245
December 14, 2021, 02:52:54 PM
Recently, actually Bitcoin and Ethereum price is moving parallel to each other. But some time ago, Ethereum price was really increasing while Bitcoin's was decreasing. And this could be a sign for the future also. Of course, it will not be easy for Ethereum price to get past Bitcoin's. But I think that it has a potential to do this. Because Ethereum is getting better every year with new big updates.
Statistics emerged that over the past year, the price of ethereum has increased even compared to bitcoin by 230 percent. If the Ethereum 2.0 improvement ends successfully, it will be a huge boost to the popularity and price of ethereum. It has also been predicted for a long time that Ethereum, after a while, may bypass bitcoin in terms of capitalization and, accordingly, price dominance in this market. Whether it will be, time will tell. This is possible in the cryptocurrency market. But it is already obvious that ethereum will seriously compete with bitcoin in the future.
hero member
Activity: 2338
Merit: 737
December 14, 2021, 04:58:00 AM
Market is on a serious redzone these few days and it seems like a repeat of this years bears I just hope people dont panic too much because I think the reason why proces keeps dumping is basically people not wanting to believe that BTC can make a turn along the way Its very easy to scare people especially after most alts 50% dips and price still continues to dump like non-stop
People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.
full member
Activity: 1470
Merit: 103
COMBO 2.0
December 14, 2021, 03:02:16 AM
Market is on a serious redzone these few days and it seems like a repeat of this years bears I just hope people dont panic too much because I think the reason why proces keeps dumping is basically people not wanting to believe that BTC can make a turn along the way Its very easy to scare people especially after most alts 50% dips and price still continues to dump like non-stop
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
December 13, 2021, 03:11:49 PM
My guess is that BTC won't stay at $50k for too long, but if it were a month or two, that would be perfect for me.

The way BTC is moving, it looks like we are going for a huge correction and probably a long one like in the past.

Another dump today, bitcoin is down 7% as of this writing and Ethereum has no chance of pumping as it's also down by 9%.
See reference ; https://coinmarketcap.com/
hero member
Activity: 1792
Merit: 507
December 13, 2021, 03:06:48 PM
Or maybe we will be witnesses of a new decoupling! haters will hate, but how long since the last one?

As other members said above, dependence on Bitcoin has been there for quite a long time. Remember December 2017? Bitcoin peaked but many altcoins kept rising until mid-January 2018...
Maybe the next alt season will start when BTC's price stabilizes at around $50000 level. Otherwise, BTC can't go parallel with alt markets in a bull trend. Historical price movements also prove this point too.

This progress of the situation would probably be the best and healthiest for the entire cryptocurrency market. I am planning further investments for this market situation. I keep my fingers crossed for your words to be confirmed! My guess is that BTC won't stay at $50k for too long, but if it were a month or two, that would be perfect for me.
member
Activity: 812
Merit: 53
December 13, 2021, 01:33:26 PM
Bitcoin is dump hard. And I think it's a normal correction that every market takes. Because market is increasing from 42k$ to 69k$. Market does not takes any major correction. So, a major correction is possible. After Bitcoin price hits to 42k$. Then price again jumps to 52k$ within 48 hours. So, I think market will recover soon.
full member
Activity: 694
Merit: 108
santacoin.io
December 12, 2021, 04:43:17 PM
Recently i saw eth has pumped more than btc but it doesn’t mean that eth could win race with btc. Even it still suffering to reach 1eth=0.1 btc. People come crypto market mainly for btc, i doubt that large number of people don’t know about other currencies properly except bitcoin. That's the reason, why big organisations only accepting btc as their payment method except others currencies Btw i guess, day by day eth and btc both will increase & thus percentage of dominating btc would be same as now.
There's no need to race and comparison for these two. Bitcoin is always far and superior from ethereum and that's the reality that everyone has to accept.
No matter how huge the gain of Ethereum, there will always be the time that bitcoin will have its own huge gain too. And that makes the market better if the gain starts from bitcoin.
The main reason for the bitcoin dump and other cryptocurrencies is because it is December many investors are planning to go for a holiday, from Christmas to New Year. That is why the market is looking so all red but in a few weeks, the market will recover and keep moving forward. It is not only the bitcoin market both stock, indexes, forex, and oil markets are affected as well, hopefully, the market will recover in no time after the new year.
member
Activity: 812
Merit: 13
Crypto bookmaker and casino
December 12, 2021, 04:03:01 PM
Ethereum is becoming more strong most when Bitcoin falls heavily in price. Ethereum had been maintaining the range of 4k and it's help new investors that want to join the crypto market. I know with time this project is going to be massive with liquidity crazy volatility. The Ethereum is going to become the main coin after bitcoin.
legendary
Activity: 1932
Merit: 2354
The Alliance Of Bitcointalk Translators - ENG>SPA
December 12, 2021, 09:14:26 AM
Or maybe we will be witnesses of a new decoupling! haters will hate, but how long since the last one?

As other members said above, dependence on Bitcoin has been there for quite a long time. Remember December 2017? Bitcoin peaked but many altcoins kept rising until mid-January 2018...
sr. member
Activity: 1008
Merit: 250
December 12, 2021, 08:51:36 AM
And this recently happened to when Bitcoin dumped. Call it a divergence of sorts. I think that showed me that Ethereum isn't going to dump heavily against Bitcoin anymore and has matured. Time will tell, but as each day passes I think the flippening is more and more possible.
Dependence on Bitcoin will still occur on every Altcoin including Ethereum, you can see the reality in any market when Bitcoin starts to Crash and when Bitcoin starts to be pumped back at different times.
legendary
Activity: 3080
Merit: 1292
Hhampuz for Campaign management
December 12, 2021, 08:42:47 AM
And this recently happened to when Bitcoin dumped. Call it a divergence of sorts. I think that showed me that Ethereum isn't going to dump heavily against Bitcoin anymore and has matured. Time will tell, but as each day passes I think the flippening is more and more possible.
Bitcoin is still struggling to go back to $50k. Look at the market now, there has been no significant recovery, it's just a normal price swing but it's alarming as in the past few weeks the trend is going down, the same thing with Ethereum with $4400 high in 7 days and low of $3900.
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