Bitcoin dump, Ethereum pump! - page 2.

Chato1977

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Quote from: 2girls on December 04, 2021, 11:12:51 AM

I think anyone one said that Bitcoin dump in this time so its a completely rong because thousand people like support a Bitcoin and i cannot say that Ethereum dump because ETH is a very good coin and they rise day by day so both coin are very strong.

the post says Bitcoin will be overtaken by ethereum , meaning it is not Bitcoin dump and ethereum will dump also .
both coins are good but it is not the issue it is how ethereum overpower bitcoin in this era in which I hate to believe, and how can we believe a Stock trader over the crypto market? he has no rights in telling stories about how crypto market will go because he is not totally part of this .

ItsEzMkay

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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.

Digital_Lord

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I think some projects will move from EthErium, more new projects will be built on the new networks, hard forks of Eth, and the 2nd layers of eth. Eth will survive but will pump less than expected. I dont think that Eth2 will be way better than eth it will burn more and make it rare, move form POW to POS and that is it.

tokeweed

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What do you guys think of this... It’s the bear market and everything starts trending back down. But BTC trends down faster than ETH giving ETH gains vs BTC and somewhat not losing as much market cap as BTC. After a few months or so a flippening happens but nobody in the ETH community could really celebrate cos it’s way down from the highs. Grin

I mean for BTC’s sake I hope it doesn’t happen... But dunno. Let’s see.

chikading2016

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Well sometimes it happen but not everytime, because the normal thing that always happen is that the Bitcoin rise first followed by altcoins, sometimes ethereum rise first specially when the Bitcoin price correction happens. But I believe that we don't need to worry about it specially when we are a holder just hold and wait for the price to be stable and always grab the opportunity.

aruldaroy

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it's funny and doesn't make sense if someone tries to make bitcoin or ethereum because until whenever a pearl will always shine and be valuable and both of them have their own value.

Oakey22

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It doesn't matter what any of us think is going to happen, there are huge whales in the scene, they control the price.

RiskySanchez

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Come on, that's funny, why would an expert say that, even though there is a period of time for altcoin domination, the market will always be dominated by bitcoin even though there are many new networks. Bitcoin already has a world market as well as etherum which also has its own network, all have their own supporters and nothing can be replaced with dump or pump, Bitcoin always be number one

domoy77

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Quote from: 2girls on December 04, 2021, 11:12:51 AM

I think anyone one said that Bitcoin dump in this time so its a completely rong because thousand people like support a Bitcoin and i cannot say that Ethereum dump because ETH is a very good coin and they rise day by day so both coin are very strong.

Generally no one throws away Bitcoin and Ethereum except for stupid people or people who don't know both, so there's no need to give so much insight into this because good stuff will always be valuable in the eyes of its connoisseurs or in the eyes of those who already understand about it.

otreza

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Buyers are showing strength today. The price of almost all coins is rising, including Ethereum. Let's analyze the local timeframe of 4 hours to understand the prospects of the coin. As we can see, the price recently overcame an important level in the area of 4,220 - 4,280, which now acts as support. The nearest resistance level at the moment is 4,715 - 4,780. Taking into account the fact that the buyers showed their strength and did not let the price continue to fall yesterday, the most likely scenario is the continuation of the growth to the specified resistance level.

Jose Mourinho

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there is no uniformity of ups and downs in the price of BTC and ETH, it is a very common thing to happen, but it will not last long, because after all altcoins will definitely follow the movement of BTC, just like when bitcoin goes down, why ETH goes up!!!! maybe at the same time the hype of eth is high, so the price of ETH continues to rise, but this is only temporary and will definitely go down too, I don't think there is any point in comparing the popularity of the two, because the value of btc is much higher than eth, and BTC will still be number 1 ETH number 2.

2girls

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I think anyone one said that Bitcoin dump in this time so its a completely rong because thousand people like support a Bitcoin and i cannot say that Ethereum dump because ETH is a very good coin and they rise day by day so both coin are very strong.

Doell

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Quote from: Joshapat on November 20, 2021, 08:41:24 AM

The market's dependence on bitcoin is actually not good, people will always look at bitcoin's position before investing in altcoins, I hope there is a coin that can soon beat bitcoin so that the competition becomes more attractive, and for the notes that the daily transaction of bitcoin currently only 50% or less than Tether daily transaction.

no "dependency" on bitcoin market the current price because of the people who used to support bitcoin and believed in it ,there is no such dependency ! bitcoin is the main thing in crypto ,people still believe in it by continuing to buy or hodl or use it for trading etc ,ah no one will look at bitcoin first to invest in altcoins because A and B are clearly very different ! there is no competition in cryptocurrencies business that actually supports each other

Dump3er

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Quote from: batang_bitcoin on December 02, 2021, 03:56:47 PM

Quote from: JahriMeayer on December 02, 2021, 02:21:56 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.

Well that could also turn out to be wrong one day. When Ethereum has these pumps while Bitcoin stagnates or dumps, you can be certain that there are some very powerful players at work. The time that institutional investors are only interested in Bitcoin are long gone. I could see a scenario where Ethereum does at least pump very close to Bitcoin. It also depends on technological innovation that both bring to the table, but more so for Ethereum I guess as Bitcoin has now claimed the title of digital gold and is therefore in and of itself valuable I would say.

batang_bitcoin

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Quote from: JahriMeayer on December 02, 2021, 02:21:56 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.

Finestream

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Quote from: ingiltere on December 02, 2021, 03:13:25 PM

If that CEO say it I would definitely hold my money on Bitcoin. I have some ETH but I never trust that fully centralized coin. It's good to see big boys have interest to another centralized coin instead of Bitcoin. That makes Bitcoin more precious, big boys know that they can't manipulate it, they don't have enough power to takeover the network. Bitcoin dominance will never significantly drop.

Bitcoin will always be the king of the crypto market so there's no way it will be beaten. Even how smart the big whales are, they just can't control bitcoin like they used to do with centralized coins. And knowing bitcoin, once its price will dump, the whole crypto market will definitely looks bearish too, even ethereum is not an exception. Sometimes, instances happen when ethereum pumps despite of bitcoin price in a correction, but in the long run, ethereum too will definitely dump again once bitcoin is still in dump.

ingiltere

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If that CEO say it I would definitely hold my money on Bitcoin. I have some ETH but I never trust that fully centralized coin. It's good to see big boys have interest to another centralized coin instead of Bitcoin. That makes Bitcoin more precious, big boys know that they can't manipulate it, they don't have enough power to takeover the network. Bitcoin dominance will never significantly drop.

JahriMeayer

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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.

dvndr007

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Quote from: Rufsilf on September 24, 2021, 05:06:43 AM

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Quote

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.

JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

Bitcoin decentralisation and anonymity is its power, if ethereum get on top it will be strategically, & can be easily taken down anytime.

Joshapat

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The market's dependence on bitcoin is actually not good, people will always look at bitcoin's position before investing in altcoins, I hope there is a coin that can soon beat bitcoin so that the competition becomes more attractive, and for the notes that the daily transaction of bitcoin currently only 50% or less than Tether daily transaction.

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