Topic: Bitcoin dump, Ethereum pump! - page 6. (Read 822 times)
I don't think so dude that Ethereum can surpass the Bitcoin price at the market, believe me I've heard a lot about like news in the past few years but still Bitcoin is dominating market, don't be easily believe on some famous people spreading thier own thoughts on crypto world.
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’
In the long term bitcoin will continue like this, even to beat them is quite difficult, bitcoin's dominance will continue to persist in crypto forever, considering the only coin that has value and the first cryptocurrency to exist, but for ethereum will remain a competitor to bitcoin, but not will never be able to shift it, neither the selling price nor the position of the number one dicrypto coin, if there is a shift in bitcoin with ethereum, it is only temporary, in the long term I think it is impossible.
Quote
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?
isnt this two giants already competing ever since the world began ? but bitcoin is just too strong and has a lot of die hard supporters ,
thats why it is still in the lead so no ,
bitcoin dominance will not fade but it will only grow more and what we experience right now is not new .
sometimes btc goes down while the rest of the coin increases but the situation will change later on . no need to panic and worry
For now, it seems near impossible. But in the future, there is no guarantee for Bitcoin to maintain its place forever. Maybe Ethereum doesn't have limited supply. But this is not an obstacle for it to leave Bitcoin behind in the future. If the demand for Bitcoin starts going down to zero at some point and Ethereum continues to grow, then Ethereum will have a big chance to overtake Bitcoin in terms of the price.
Nah, it's impossible that bitcoin's going to be replaced by ethereum, it's not like bitcoin isn't moving forward, bitcoin has a big headstart and I don't think that ethereum will be able to close in on that gap really fast especially with their supply mich higher than bitcoin. 
Both bitcoin and ethereum had a pump on 1st of October, that is a good thing. People should realize that the prices were not what it should have been and undervalued a lot. Nowadays people realized that and we are acting as if everything is doing a lot better, I do believe that it will certainly be better in the long run, some people may believe that it is not going to keep going like this but I believe that it may actually end up going like this for a long time.
I do not know how long it will go like this but 50k+ looks more and more possible if we keep this up. Maybe it may fail and in a week we will see the price around at 40k levels once again but I believe that those days are done now and better days are ahead.
I do not know how long it will go like this but 50k+ looks more and more possible if we keep this up. Maybe it may fail and in a week we will see the price around at 40k levels once again but I believe that those days are done now and better days are ahead.
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It is happy to see both coins, bitcoin and ethereum, can increase together so we can see both coins can have a chance to reach the higher price. While bitcoin is now at $47k and ethereum is above $3,000, that will be a good time to sell some parts while waiting for the next higher price. But if you still hold both coins because you want to make a bigger profit, you are free to do that but you should understand that the price can back to the lower price later. Hopefully, that will not happen in this good moment instead, it will increase to the next higher price.
If anyone still thinks that altcoins are very dependent on the bitcoin market then this is a wrong opinion, even the transaction volume of Tether is already 2x than the daily transaction volume of bitcoin, and ethereum transaction volume is about 65% of bitcoin transactions, this is natural if when the bitcoin market drops then not too influential with ethereum because it is supported by hundreds of large and successful projects in the market.
If JP Morgan isn't a fan of bitcoin, or doesn't really like bitcoin, it's hard to see someone who isn't a fan of something would support it. besides, long ago, many people have said that some altcoins will become competitors, or replace bitcoin, even this is not the first time for ethereum. well, ethereum is a very good coin, but there are still some problems that users complain about until now. besides, even when ethereum has become very good, even some people say that ethereum is better than bitcoin, but it can't replace bitcoin, in fact the current movement of ethereum is really still affected by bitcoin price.
BTC is looking like shit again after looking promising earlier... And I misread the thread title. I thought it was BTC dump, ETH dump. Lol. But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market. But in the end, every alt follows BTC.
And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.
So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.
A diamond hand? Lolol. Is that what they call holders these days? Yeah sure... I-i am a ‘diamond hand’.. I guess. But ‘I lost my private keys in a boating accident.’. Lol.
Anyway, BTC is looking slightly decent today and hopefully it carries on to October.
A dimond hand but a fragile one lol.
I guess we'll have to get through the September fever of Btc's price trend this month as September usually is a bearish season for cryptomarket.
Though Btc bounces back a little after it fell close to $40,000 in cmc, but I guess the correction ain't done yet. We might see below $40,000 as China continues to spread FUD and El Salvador Bitcoin adoption doesn't seem to be in a good situation, and here's another statement against Bitcoin from a person who doesn't support Bitcoin in the first place lol.
Yeah, thank you September, you are done for now, lol.
So the bearish trend of September still continues, and hopefully if the pattern holds true then the next three months will be a good month for bitcoin right?
Price looking good today, maybe we can jump to $44k-$45k this week so that we can recover what we have lost last month. It seems that the correction is somewhat settled down, market will be stable and be optimistic that a break out run will happen again to even push to $48k-$50k at the end of this month.
BTC is looking like shit again after looking promising earlier... And I misread the thread title. I thought it was BTC dump, ETH dump. Lol. But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market. But in the end, every alt follows BTC.
And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.
So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.
A diamond hand? Lolol. Is that what they call holders these days? Yeah sure... I-i am a ‘diamond hand’.. I guess. But ‘I lost my private keys in a boating accident.’. Lol.
Anyway, BTC is looking slightly decent today and hopefully it carries on to October.
A dimond hand but a fragile one lol.
I guess we'll have to get through the September fever of Btc's price trend this month as September usually is a bearish season for cryptomarket.
Though Btc bounces back a little after it fell close to $40,000 in cmc, but I guess the correction ain't done yet. We might see below $40,000 as China continues to spread FUD and El Salvador Bitcoin adoption doesn't seem to be in a good situation, and here's another statement against Bitcoin from a person who doesn't support Bitcoin in the first place lol.
BTC is looking like shit again after looking promising earlier... And I misread the thread title. I thought it was BTC dump, ETH dump. Lol. But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market. But in the end, every alt follows BTC.
And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.
So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.
A diamond hand? Lolol. Is that what they call holders these days? Yeah sure... I-i am a ‘diamond hand’.. I guess. But ‘I lost my private keys in a boating accident.’. Lol.
Anyway, BTC is looking slightly decent today and hopefully it carries on to October.
Surely talking about situations about correlation in between bitcoin and other altcoins then i do always consider out that they arent really connected to each other but when it comes to trends
then Bitcoin could surely drag off most coins in the market on a particular point which its really hard to make out conclusions in regarding to this.
They could go both ways or would go in opposite sides which you cant really tell at all.
Well opposite happened because bitcoin really pump within 24hrs and seems still want to push more base on the percentage itself in the market at this point, wherein unlike ethereum that seem just following the trend of the market along with some alts but not that much like what performance of bitcoin had right now. Now i missed the opportunity because I'm expecting too much correction. Lol my bad! Imagine bitcoin is up by 6% and still counting probably. But i hope it will not last.. Lmao just kidding.. 
BTC is looking like shit again after looking promising earlier... And I misread the thread title. I thought it was BTC dump, ETH dump. Lol. But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market. But in the end, every alt follows BTC.
And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.
So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.
A diamond hand? Lolol. Is that what they call holders these days? Yeah sure... I-i am a ‘diamond hand’.. I guess. But ‘I lost my private keys in a boating accident.’. Lol.
Anyway, BTC is looking slightly decent today and hopefully it carries on to October.
For now, it seems near impossible. But in the future, there is no guarantee for Bitcoin to maintain its place forever. Maybe Ethereum doesn't have limited supply. But this is not an obstacle for it to leave Bitcoin behind in the future. If the demand for Bitcoin starts going down to zero at some point and Ethereum continues to grow, then Ethereum will have a big chance to overtake Bitcoin in terms of the price.
The price of bitcoin and ethereum will increase and will depend on the movement of the dump market both currency prices rise but it is a good move even it is an etherium pump ethereum's price goes up, it's time to sell and it's time to retain bitcoin. The amount of profit will be good then there is the position of other symbolic currencies ethereum or ripple is actually the currency of the future, then their price will go up and bitcoin will go down for all these reasons, its price suddenly decreases and then rises suddenly.
If ethereum can rising higher while bitcoin is dump hard, that will not be a problem for me because I can still make a profit by selling some ethereum I have and maybe I will convert it into bitcoin or USDT.
But today, I see that both bitcoin and ethereum have good progress in increasing together. Although bitcoin is not increasing too high, I consider it a good step for bitcoin to increase.
Ethereum itself is now back to $3,000, according to CMC, so that gives us a nice profit if you sell for some amounts and wait for another correction to buyback.
So hopefully, next week can be a good time for bitcoin and ethereum to increase back and reach the highest price.
But today, I see that both bitcoin and ethereum have good progress in increasing together. Although bitcoin is not increasing too high, I consider it a good step for bitcoin to increase.
Ethereum itself is now back to $3,000, according to CMC, so that gives us a nice profit if you sell for some amounts and wait for another correction to buyback.
So hopefully, next week can be a good time for bitcoin and ethereum to increase back and reach the highest price.
BTC is looking like shit again after looking promising earlier... And I misread the thread title. I thought it was BTC dump, ETH dump. Lol. But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market. But in the end, every alt follows BTC.
And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.
So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.
BTC is looking like shit again after looking promising earlier... And I misread the thread title. I thought it was BTC dump, ETH dump. Lol. But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market. But in the end, every alt follows BTC.
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The biggest news bitcoin gets is like Elon Musk tweet or china ban or something like that which is boring at this point. Hence ETH is a lot better and a lot more worthy for futures.
Sometimes bitcoin are boring just because of FUDs in circulation and sometimes those FUDs are also necessary as another way to open up opportunities for bitcoin enthusiasts to buy more when more people start throwing them away. If you tell me to choose then I'm still confident enough to choose bitcoin as a long term investment asset simply because of its decentralization and apparent usefulness. I'm not one of the Ethereum haters because previously in the context of investing I have made a profit from it in the past. But bitcoin is still the number one choice until now because it is the king of cryptocurrencies. We have a preference for determining which assets we believe will make a profit over a certain period of time, so don't worry about your choice when you are responsible for your money and accept the risk. The biggest news bitcoin gets is like Elon Musk tweet or china ban or something like that which is boring at this point. Hence ETH is a lot better and a lot more worthy for futures.
I would assume that ethereum would definitely be something that could be a lot more favourite for the futures trading. The main reason for this is the fact that we could potentially see something a lot more serious here, a lot more volatility, and a lot more news worthy stuff. In bitcoin it is basically just a regular boring thing and nothing too complicated or nothing that much of a big news comes out.
The biggest news bitcoin gets is like Elon Musk tweet or china ban or something like that which is boring at this point. Hence ETH is a lot better and a lot more worthy for futures.
The biggest news bitcoin gets is like Elon Musk tweet or china ban or something like that which is boring at this point. Hence ETH is a lot better and a lot more worthy for futures.
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