Topic: Bitcoin dump, Ethereum pump! - page 5. (Read 822 times)
These guys are so bad at it, whenever they see a new class of assets taking over, these people come out and spit out a lot of shit about that class, showing off their so-called assets to be worthwhile. I don't hear this guy, but there's one truth that when Bitcoin goes down, ETH shoots up just because it's a game of dominance and if BTC spikes (just as it did today), you can see how much decline was there in ETH. It is good for BTC to grow and let others wait as this will also shut the mouths of these self-proclaimed masterpieces who are nothing but a bunch of failures who couldn't understand the technology and its effects.
Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.
While it can happen it is something that seldom happens, bitcoin and ethereum have the tendency to move together and it is not a mystery why this is the case, bitcoin is by far the most dominant coin in the market which means that any movement that it does affects all the coins in the market including ethereum, however there are times in which the coins may seem to move independently from each other but it is rare to see that happening for a significant amount of time. 
The price of Eth surprises me that it has not reached the $ 4K, because although BTC has been climbing a lot, the bulls of Eth has been waiting for it to climb more, however now it is swinging the price at $ 3.5K and $ 3.6K:
The way the market is very good because in any mometno the BTC can grow, however ETH is not at an expected level of $ 4k- $ 5k, such as the strategy of the Pro is now defending the price by buying in the Dip.
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That will increase the likelihood of a rally to the stiff overhead resistance at $4,027.88. Conversely, if the price plummets below the 20-day EMA, the ETH/USDT pair could drop to the 100-day SMA ($2,899).
Source: https://cointelegraph.com/news/price-analysis-10-8-btc-eth-bnb-ada-xrp-sol-doge-dot-luna-uniThe way the market is very good because in any mometno the BTC can grow, however ETH is not at an expected level of $ 4k- $ 5k, such as the strategy of the Pro is now defending the price by buying in the Dip.
We've just moved on from the past and look the better trend this year and for the incoming. And I'd never think this gonna happen again. I'd look on the side where ETH mostly following the trend of Bitcoin, it is something we have to see again and again rather than moving in a different direction. Maybe in some cases that the impact of Bitcoin on the market is a delay but that might not be the case as for sure sooner or later, it will still follow then.
I doubt that it will always follow bitcoin though. I mean sure it is generally like that but that doesn't mean that it will be like that every single day. I believe that we should be focusing on something like eth 2.0 when talking about independent movement and that is why I believe we are going to see something major changing.Think about it this way, if eth 2.0 happens and it is very much loved and there is some more time passed and people are buying eth more and more to have stakes while people do not sell eth as much because they do not have to pay for electricity bill, then what do you think will happen? I believe that we will not be seeing anything extraordinary change in bitcoin but it is definitely out of ordinary for eth so it could be changing it.
Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.
Yes but that's rare occasion, I cant' remember what really cause of that, maybe investors are just shifting funds to ETH because of too much FUD on BTC that time, or there is really some good news on ETH that investors pouring a lot of money in their market.
But still, everything is base on BTC, so when we have a big rally just like we witnessing in the past week, majority of the ALTS also enjoyed a uptick in the price. Next stop for BTC is $60k and then ETH $4k, not that bad because of a super fast bull run.
Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.
Yes but that's rare occasion, I cant' remember what really cause of that, maybe investors are just shifting funds to ETH because of too much FUD on BTC that time, or there is really some good news on ETH that investors pouring a lot of money in their market.
But still, everything is base on BTC, so when we have a big rally just like we witnessing in the past week, majority of the ALTS also enjoyed a uptick in the price. Next stop for BTC is $60k and then ETH $4k, not that bad because of a super fast bull run.
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’
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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’
but this not sounds like what the market is showing now, look at the price growth for couple of days now
https://coinmarketcap.com/
can we see that investors are dumping bitcoin towards ethereum?
nope it is bitcoin still the highest gainer .
Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.
lol that happens in 2018 when the altcoin season happens and the bitcoin is dumping , but now? it is not taking place lol. 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.
Yes, for some time period we can see the price pumping of Bitcoin. After certain time interval it automatically moves towards altcoins. This is commonly seen in the market. During the previous bullish push Bitcoin didn't moved good, but ethereum marked its price reaching above $4000. This time such a growth hasn't happened, there is some stabilized move in the market. Maybe it can be slow phase growth time for a bigger push.
Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.
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.
Exactly, the prices are always like this and it's not any magic, people try to get into bitcoin but at the same time, doesn't want themselves losing a lot, so when the prices are just too high, they want to make sure that there's some way that they can make some money and to prevent losses, they sell and move to other crypto in hopes of making more profit.that Bitcoins price is a trend maker.Whenever it is on bearish moments then majority of coins or alts in the market are on the same state.
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.
Exactly, the prices are always like this and it's not any magic, people try to get into bitcoin but at the same time, doesn't want themselves losing a lot, so when the prices are just too high, they want to make sure that there's some way that they can make some money and to prevent losses, they sell and move to other crypto in hopes of making more profit. In my opinion, the dominance of bitcoin continues to increase in the long term and Ethereum will not be able to replace bitcoin. I think what JP Morgan predicts can't be taken as a guide. Many of JP Morgan's predictions have been wrong, for example he once said the price of bitcoin will continue to decline until the end of this year but in fact the price of bitcoin has grown back since experiencing a deep decline in last September.
We need to stop listening to those people, it is obvious to me that they have some skin in the game and they want to manipulate the market by creating fake news and see if they can move the market that way and make a lot of money, however anyone that has been here for a very long time know that this market belongs to bitcoin and that even a coin as big as ethereum has a huge correlation with bitcoin, so if bitcoin goes up ethereum goes up and if bitcoin goes down then ethereum does the same. 
In my opinion, the dominance of bitcoin continues to increase in the long term and Ethereum will not be able to replace bitcoin. I think what JP Morgan predicts can't be taken as a guide. Many of JP Morgan's predictions have been wrong, for example he once said the price of bitcoin will continue to decline until the end of this year but in fact the price of bitcoin has grown back since experiencing a deep decline in last September.
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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.
When you look at the last week which has been one of the biggest increases so far, we can see that it has been 20%+ bitcoin up, and 15%+ eth up. Which shows that bitcoin and eth going up together hand in hand. Sure btc went up a little more but ETH may catch up to it, the important thing here is not how much they went up but more like how they went up together.
This is why I believe that there is really no worry on what we are doing right now, let coins be wherever they want and eventually they will find their place, there is nothing that is wrong with a little difference as long as they are taking the same path together and without any problems.
This is why I believe that there is really no worry on what we are doing right now, let coins be wherever they want and eventually they will find their place, there is nothing that is wrong with a little difference as long as they are taking the same path together and without any problems.
Ethereum's price is more or less mirroring Bitcoin's just like other top altcoins. Bitcoin is still the one in control of the crypto market's direction so that when Bitcoin is bullish, Ethereum and other top altcoins are also bullish. And when the price of Bitcoin is falling, it is also expected that the price of Ethereum along with other altcoins will also be dropping down. That has been the crypto market ever since. But of course there are times when the individual altcoin's development news or achievements will play a bigger role. Ethereum is bullish because Bitcoin is bullish and it also has something in store in its continuous development.
This is weird.. I’ve been whining that BTC is dragging everything down with it when it goes down. Now it seems it’s going up fast and it’s leaving everything else behind. 
Can’t really complain but I feel like it’s one of those things with the market when it goes BTC up, alts flat - BTC down, alts down more. I think the last leg of this bull market is all BTC. What do you guys think?
Can’t really complain but I feel like it’s one of those things with the market when it goes BTC up, alts flat - BTC down, alts down more. I think the last leg of this bull market is all BTC. What do you guys think?The $28,000-$29,000 and then the last lows $42,000 could be the last leg up to the supposedly or most anticipate $100,000++ this December. But we still have a lot of room to wiggle to reach this price and it will not be small sailing. There could be traps along the way, specially if we breach and push for another all time high this year. Maybe at $70,000 we will see some resistance, but we all know that if BTC goes up, it's hard to stop, not FUD not negative news could deterred investor and speculators to pour their money as they are hoping for a good ride to 6 digits this 2021.
This is weird.. I’ve been whining that BTC is dragging everything down with it when it goes down. Now it seems it’s going up fast and it’s leaving everything else behind. Can’t really complain but I feel like it’s one of those things with the market when it goes BTC up, alts flat - BTC down, alts down more. I think the last leg of this bull market is all BTC. What do you guys think?
Can’t really complain but I feel like it’s one of those things with the market when it goes BTC up, alts flat - BTC down, alts down more. I think the last leg of this bull market is all BTC. What do you guys think?
Ethereum will never pass Bitcoin. Ethereum has actual rising competitors in its space. Bitcoin has no competitors in its space in crypto.
While Ethereum will get a huge boost in functionality with Eth2, it has to take on advancing competition from Solana, Cardano, Polkadot, Avalanche, Cosmos, Algorand, etc.
Meanwhile, Bitcoin also will get a huge boost in functionality with the Taproot upgrade, and it is only competing with Gold and fiat currencies as money.
Also remember Dimon hates Bitcoin so any opinion of his is extremely biased. And Dimon isn't even talking about institutional holders. He's just talking about futures, which are short term bets on price. While Ethereum futures may be rising, institutional investors are holding a massive amount more actual Bitcoin than Ethereum.
Crypto as money (bitcoin) and the smart contract platform space (Ethereum and competitors) will both be markets worth multiple tens of trillions of dollars, but Ethereum alone won't compete with the entire crypto-as-money (bitcoin) space. All the smart contract platforms together may very well give Bitcoin's market cap a run for its money, and perhaps even grow larger than Bitcoin by market cap one day, but no chance for Ethereum alone to do this.
While Ethereum will get a huge boost in functionality with Eth2, it has to take on advancing competition from Solana, Cardano, Polkadot, Avalanche, Cosmos, Algorand, etc.
Meanwhile, Bitcoin also will get a huge boost in functionality with the Taproot upgrade, and it is only competing with Gold and fiat currencies as money.
Also remember Dimon hates Bitcoin so any opinion of his is extremely biased. And Dimon isn't even talking about institutional holders. He's just talking about futures, which are short term bets on price. While Ethereum futures may be rising, institutional investors are holding a massive amount more actual Bitcoin than Ethereum.
Crypto as money (bitcoin) and the smart contract platform space (Ethereum and competitors) will both be markets worth multiple tens of trillions of dollars, but Ethereum alone won't compete with the entire crypto-as-money (bitcoin) space. All the smart contract platforms together may very well give Bitcoin's market cap a run for its money, and perhaps even grow larger than Bitcoin by market cap one day, but no chance for Ethereum alone to do this.
Ethereum is the second strongest coin after bitcoin and seeing the performance of ethereum is certainly not a difficult thing to rise even though the bitcoin market is red, the biggest factor of course is the use of tokens based ethereum so that the demand for ethereum continues to increase.
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