Topic: Bitcoin dump, Ethereum pump! - page 4. (Read 837 times)
early 2021 is a year that can be categorized as good for bitcoin and ethereum, but in the second half of 2021, it's true bitcoin is getting dumped and ethereum pump, I believe ETH can continue to soar in terms of price and volume, ETH can reach $5k by the end of the year this, at least that's what I and we all hope for.
Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.
It is recommended that you buy or sell if the indicator is red or green. Nothing to worry about, as we do not know when the pump or dump will occur. It's better to use a stop loss and profit from it. Those who focus long are not that concerned, but it is worth it. Well, I am concerned about the current resistance. In my view, the main resistance is currently at 4k. It's possible that BTC takes off, we could see bulls take profits. Let's hope BTC stays calm with its current position and ETH rally starts. 
In my opinion, bitcoin's dominance will last a long time. it is difficult for Ethereum to compete with bitcoin especially if you want to replace bitcoin because the functions of the two cryptocurrencies are completely different. ETH has no coin limits as is the case with BTC. In addition, it will be problematic if the price of ETH is too high, because it will put DefI and other smart contract ecosystems at risk due to high transaction costs. After all, ethereum is a utility coin and not a store of value like bitcoin.
The dominance that bitcoin has over ethereum or any other coin doesn't derive from anything related to bitcoin itself but to the investors. Investors prefer bitcoin over all other coins, for a long time we had bitcoin have soooo high dominance that market cap of bitcoin was more than every single coin combined. This is never about the coins themselves; it is about investors who imagine that it should be like that. This is why people invest into bitcoin more than all other coins.The problem is that when almost everyone does that, it means others follow up as well, so basically it is a whole community stuff, even if a minority moves most of their money to other coins, that still doesn't change the general situations. This is why I believe that it will keep being like this for a long time, the moment most people move their money from bitcoin to other coins, then we may have bitcoin not be at the top.
Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.
Why think of beating bitcoin?There's no need to think about beating bitcoin because it will never happen. Too much thought about bitcoin and beating it because it's been said before by many folks but didn't happen.
The both are a good combination if you want to diversify and that's what someone has to think of.
Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.
In my opinion, bitcoin's dominance will last a long time. it is difficult for Ethereum to compete with bitcoin especially if you want to replace bitcoin because the functions of the two cryptocurrencies are completely different. ETH has no coin limits as is the case with BTC. In addition, it will be problematic if the price of ETH is too high, because it will put DefI and other smart contract ecosystems at risk due to high transaction costs. After all, ethereum is a utility coin and not a store of value like bitcoin.
They need to attempt to control and play with what little impact that they expect that they have in the crypto space. This month is by all accounts the downtrend for the crypto market, however ideally, one month from now will be a decent month that can turn the course and have a major convention until the finish of this current year.
This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0
Ethereum 2.0 seems to be lapsing the popularity this has been expected for couple of years now yet nothing from the Dev bringing this into reality so I guess why need to be in Ethereum when Bitcoin is in the run always?Ethereum has just make its run recently but that does not change the thing that Bitcoin will always be on the top.
For the long-awaited ETH pump I think it is about to happen, at the moment the price of ETH is at 3700usd, which is not bad, although it is for the price of ETH to be around $ 4k- $ 4.5k, however at short-term behaviors are seen that can indicate many things:
The price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.
But is this enough to break Bitcoin once again? BTC is now going the top again with 2 thousand dollars away from breaking the ATH.Quote
If the price rebounds off the 20-day EMA with strength, it will suggest that traders continue to accumulate on dips. The buyers will then make one more attempt to clear the overhead hurdle at $4,027.88.
Source: https://cointelegraph.com/news/price-analysis-10-18-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uniThe price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.
so what can we expect here?
For the long-awaited ETH pump I think it is about to happen, at the moment the price of ETH is at 3700usd, which is not bad, although it is for the price of ETH to be around $ 4k- $ 4.5k, however at short-term behaviors are seen that can indicate many things:
The price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.
Quote
If the price rebounds off the 20-day EMA with strength, it will suggest that traders continue to accumulate on dips. The buyers will then make one more attempt to clear the overhead hurdle at $4,027.88.
Source: https://cointelegraph.com/news/price-analysis-10-18-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uniThe price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.
^ Rofl! Does that face look like a guy who wouldn’t dump BTC? 
But here’s the thing tho, if BTC dumps, everything else dumps. BTC still owns the space, love it or hate it... I mean just look what happened an hour ago. BTC dumps then drags everything down with it.
And so... Euro time zone dumped, let ‘s wait for the US time zone. They’re due up in a couple of hours or so. It’s almost 7:00am ET. There’ll be a lot of broken clocks.
They're still trying to twist the facts so the people that are still doubtful of bitcoin and crypto become more leaning towards not investing and becoming more anti crypto. They want to try and manipulate and play with what little influence that they assume that they have in the cryptospace.But here’s the thing tho, if BTC dumps, everything else dumps. BTC still owns the space, love it or hate it... I mean just look what happened an hour ago. BTC dumps then drags everything down with it.
And so... Euro time zone dumped, let ‘s wait for the US time zone. They’re due up in a couple of hours or so. It’s almost 7:00am ET. There’ll be a lot of broken clocks.
Guys do not buy shills or any statement of this jpmorgan ceo. He is a liar. Few years ago, he was cursing and saying bad things about Bitcoin. His statement made Bitcoin crash. But later on people findout that JP Morgan company holds a huge number of Bitcoins as company investment.
See? He is using his influence to benefit from his current holdings. Now he wants to dump Bitcoin to make another lower buy entry.
See? He is using his influence to benefit from his current holdings. Now he wants to dump Bitcoin to make another lower buy entry.
Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says
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’
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.
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’
I believe that the further the crypto market and BTC develop, the more we will see information that will be manipulated. Those who say that they are not supporters of BTC, I believe that they are cunning, since they probably have this crypto asset, but the position does not give them the opportunity to openly state this, but for that, the position also gives them the opportunity to manipulate information, thereby increasing their assets, probably including assets in BTC.
This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0
Not convince. The ETH market is not reacting much to those deployments of new contracts and maybe still be the same when ETH 2.0 is now finally and completely deployed. However, I think traders are not looking for that event when deciding when to buy. They are more focused on analyzing the point where ETH is either overbought and oversold then will decide a strategy after that.
Before, when BTC dump, ETH and other altcoins are expected to make a good price rally and that's what they called altcoin season but in the BTC crash that happened a few months ago, not much movement happened for the price Etherium. It just started to make an upward trend when BTC is now climbing again.
This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now.
Looks that there will be no repeat for that scenario.However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0
We don't know that for sure but if it ever happens then that's going to be temporary because we always see ethereum comes along with bitcoin at most times.But if 2.0 comes, it is what we're waiting for and aside from the price increase, the update itself is going to give good stable price for eth.
This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0
do not be surprised by the statement of the world's great figures. they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum. I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto
Rich people will do anything to stay in power and that includes saying bad things about a good thing. As long as it makes them stay in power, then they will be against human rights as well, we have many dictators that keep on breaking human rights violations and keep on being bad people, let alone support something as good as crypto. This is why I do not believe that we should be focusing on anything that world leaders would say. They are actually very bad if they already got there, no "nice" or "kind" person becomes a world leader, in order to get to that level you need to be doing some cunning politics and reach a higher level compared to everyone else.
do not be surprised by the statement of the world's great figures. they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum. I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto
They also want huge profits in a very short period of time, so while making good words for the public, they must also play their own role in this to be able to take advantage of the good opportunities at any time in the crypto space. do not be surprised by the statement of the world's great figures. they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum. I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto
Rich people will do anything to stay in power and that includes saying bad things about a good thing. As long as it makes them stay in power, then they will be against human rights as well, we have many dictators that keep on breaking human rights violations and keep on being bad people, let alone support something as good as crypto. This is why I do not believe that we should be focusing on anything that world leaders would say. They are actually very bad if they already got there, no "nice" or "kind" person becomes a world leader, in order to get to that level you need to be doing some cunning politics and reach a higher level compared to everyone else.
^ Rofl! Does that face look like a guy who wouldn’t dump BTC?
But here’s the thing tho, if BTC dumps, everything else dumps. BTC still owns the space, love it or hate it... I mean just look what happened an hour ago. BTC dumps then drags everything down with it.
And so... Euro time zone dumped, let ‘s wait for the US time zone. They’re due up in a couple of hours or so. It’s almost 7:00am ET. There’ll be a lot of broken clocks.
They're still trying to twist the facts so the people that are still doubtful of bitcoin and crypto become more leaning towards not investing and becoming more anti crypto. They want to try and manipulate and play with what little influence that they assume that they have in the cryptospace.But here’s the thing tho, if BTC dumps, everything else dumps. BTC still owns the space, love it or hate it... I mean just look what happened an hour ago. BTC dumps then drags everything down with it.
And so... Euro time zone dumped, let ‘s wait for the US time zone. They’re due up in a couple of hours or so. It’s almost 7:00am ET. There’ll be a lot of broken clocks.
I think it’s normal. In the past a lot of time it has happened that BTC is dumping but alts are pumping. This called trend. When market act like stable and btc show a good stable move but suddenly dump the btc and investor money flow to alts. But this time The money only flows to the ETH instead of other alts. Because ETH shown a good stability few days back.
Bitcoin is the first and will likely be king forever. Ethereum is also the king of smart contracts. Several other platforms and networks have emerged to support this technology, but Ethereum has been around since the beginning and will therefore have the greatest trust from investors. Unfortunately, Bitcoin does not have the development power as developed as Ethereum. When ETH 2.0 is introduced, most investors will definitely notice this potential and the money will be shifted to it. In my opinion, in 2-3 years Ethereum will catch up with Bitcoin and become the leader of cryptocurrencies.
Jump to: