Bitcoin Follows Ethereum? | Bitcointalksearch.org

jaberwock

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Quote from: Saisher on July 18, 2021, 05:56:42 AM

Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

It all depends if he takes the number one spot and he surpass the market cap but before he can do that it should upgrade it's platform, Binance is a big threat to his position and might overtake him in his position right now Binance is the best choice for DeFi developers because of it's cheap transactions.

I honestly doubt that ethereum would ever be able to pass bitcoin. That is just a pipe dream of all ethereum holders (including me but I own bitcoin too) so it is not going to happen but people will keep dreaming about it. Think about it this way, even when ethereum is going up, bitcoin doesn't go down, it goes up as well so the gap doesn't get closed all that much.

There is a good chance that we could see the gap closing minor level, it is not going to be too much of a close though, it is going to be tiny. Think about it this way, the gap is over 2x right now, and I am sure the gap could be closed to exactly 2x marketcap instead of some change, it is a good change right now to see the situation as it is, ethereum fighting to take that spot while bitcoin not giving that spot, competition giving quality is the number one reason for free market.

SaShiRaJaVu

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Quote from: Yamifoud on July 19, 2021, 12:12:13 AM

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Binance coin is burning their coins to keep the price even higher, if Vitalik does that, it could possibly make the rise as well like what happen to BNB price. But I don't think it is a need to reach that point as I was positive that the launch of their upgrade will have good results.
This is somewhat to show that the market is in strong competition but never in mind that ETH will be close to Bitcoin. No matter how ETH will take, Bitcoin still dominating the market.

You cannot compare Binance coin and Ethereum because BNB is not a novel project all they did is to copy others and continue making a fortune and if Binance is burning the coins they might have created unlimited amount of coins and literally both the coins are premined considerably and what is the point in burning them hoping the value will increase.

ene1980

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Quote from: InvoKing on July 19, 2021, 09:07:45 AM

It is always that way. Bitcoin rise then the other follows. Sometimes a coin or two move the opposite way or stay stable but it will follow them at the end.
POS effect on ETH will not be see now in my opinion but after few years.

So you really think that POS is the future, in my opinion the hype behind POS will only last for a few years and then people will understand how centralized the entire market would be in a few years and i not keen on having our entire ecosystem on a centralized solution where only a few decide the fate of the token, coin or project. POW is the solution if you are looking for decentralization but we need some major improvements in that and hopefully we will have that in the coming years.

Saidasun

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All altcoins follow the bullish market of Bitcoin and guess what that means when Bitcoin takes a hit so will the altcoins. Bitcoin takes a bigger hit because its currently more volatile than most altcoins out there but Bitcoin is the one that leads the pack. That means all the positive news and negative news will effect all the other altcoins too.

I have never really understood why people would invest in Bitcoin and ETH. Their market trend is about the same except Bitcoin profits a lot more in the long run. ETH will never be as valuable as Bitcoin.

Quote from: Ararbermas on July 19, 2021, 10:52:12 AM

You are wrong mate because for your information ethereum always follow on bitcoin not bitcoin itself that follow ethereum.. And most of the coin that always follow with ethereum are those alternatives crypto currency,. Of course there's an opposite results that suddenly happened as well. And you will notice that when bitcoin is green and most of alts are red including ethereum, and when ethereum is green along with some alts you will see that only bitcoin were red in the market, but to be honest ever since before there's no event that exist wherein you will see bitcoin will follow ethereum because it's very impossible to happen.

That is not true. The waves that Bitcoin makes when it drops is huge and it might take a while for the altcoin markets the react but they definitely do react in a big way usually. You only have to take a look at some of the charts and compare the two to figure out there is a correlation between the two and Bitcoin is the one that gets the most media coverage so you can assume that is the one that is causing ETH to dip and not the other way around.

Ararbermas

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You are wrong mate because for your information ethereum always follow on bitcoin not bitcoin itself that follow ethereum.. And most of the coin that always follow with ethereum are those alternatives crypto currency,. Of course there's an opposite results that suddenly happened as well. And you will notice that when bitcoin is green and most of alts are red including ethereum, and when ethereum is green along with some alts you will see that only bitcoin were red in the market, but to be honest ever since before there's no event that exist wherein you will see bitcoin will follow ethereum because it's very impossible to happen.

InvoKing

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Quote from: zanezane on July 19, 2021, 03:51:00 AM

You are gravely wrong OP, most tokens before bitcoin tend to follow bitcoin rather than the opposite. I think there's this image about how bitcoin goes up and the other goes up too or something, although it says there that the following could be the opposite but I don't think that's exactly how it works but I am sure that bitcoin leads and others just follows.

It is always that way. Bitcoin rise then the other follows. Sometimes a coin or two move the opposite way or stay stable but it will follow them at the end.
POS effect on ETH will not be see now in my opinion but after few years.

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You are gravely wrong OP, most tokens before bitcoin tend to follow bitcoin rather than the opposite. I think there's this image about how bitcoin goes up and the other goes up too or something, although it says there that the following could be the opposite but I don't think that's exactly how it works but I am sure that bitcoin leads and others just follows.

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Quote from: Yamifoud on July 19, 2021, 12:12:13 AM

Quote from: SaShiRaJaVu on July 18, 2021, 04:06:01 PM

Quote from: Woodie on July 18, 2021, 01:07:29 PM

Ethereum will continue being Bitcoins deputy because btc has the most liquidity compared to eth! What does this mean, btc has the ability to move markets far much better than eth which makes it a leader and not a follower, and fyi the two being in different leagues eth would influence most altcoins while btc will influence the entire crypto ecosystem which shows eth doesn't influence btc.

Everyone is expecting a rally in Ethereum on back of the upgrade but i doubt we will be seeing a much bigger rally because anyone planning to stake the coins already invested billions in the market and if there is any special interest from any institutional investment firm to purchase millions or billions worth of coins to stake, then we might see a rally and then i heard about their plans of burning the coins, if that is the case we might see a rally but i am yet to understand all of their upgrades.

Binance coin is burning their coins to keep the price even higher, if Vitalik does that, it could possibly make the rise as well like what happen to BNB price.

Vitalik can do this....Does this not have to go through some kind of consensus before you agree to undertake token burns, more over if this happens eth will lose clients to other blockchains because competition for the few coins on the market will be too high to comprehend.

Btw aren't token burns part of the BNB tokenomics??

Chato1977

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

None can assume what will happen in the future so it maybe possible of maybe not , But if you are asking for the next 5 years?

then i believe that it is not possible tp happen because bitcoin is still aggressive and strong to keep hold the rank 1 position .

maybe in future who knows? but first ethereum must prove his network is much easier to use than bitcoin.

because this year Ethereum proves only one thing that when congestion comes?

it is one of the highest transaction fee coin in the while crypto world.

if that will be fixed by the version 2.0? then lets see will come.

lablab03

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I don't think it's possible that bitcoin will follow ethereum because for you information most of the problem in the market came from bitcoin only , so why they the entire crypto currency are affected? And despite you see that bitcoin follow ethereum which the fact that they're all just basing on what situation bitcoin have right now.. Bitcoin is the king so bitcoin only have that power to follow the entire crypto currency. And that's what we see right now.

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Quote from: SaShiRaJaVu on July 18, 2021, 04:06:01 PM

Quote from: Woodie on July 18, 2021, 01:07:29 PM

Ethereum will continue being Bitcoins deputy because btc has the most liquidity compared to eth! What does this mean, btc has the ability to move markets far much better than eth which makes it a leader and not a follower, and fyi the two being in different leagues eth would influence most altcoins while btc will influence the entire crypto ecosystem which shows eth doesn't influence btc.

Everyone is expecting a rally in Ethereum on back of the upgrade but i doubt we will be seeing a much bigger rally because anyone planning to stake the coins already invested billions in the market and if there is any special interest from any institutional investment firm to purchase millions or billions worth of coins to stake, then we might see a rally and then i heard about their plans of burning the coins, if that is the case we might see a rally but i am yet to understand all of their upgrades.

Binance coin is burning their coins to keep the price even higher, if Vitalik does that, it could possibly make the rise as well like what happen to BNB price. But I don't think it is a need to reach that point as I was positive that the launch of their upgrade will have good results.
This is somewhat to show that the market is in strong competition but never in mind that ETH will be close to Bitcoin. No matter how ETH will take, Bitcoin still dominating the market.

SaShiRaJaVu

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Quote from: Woodie on July 18, 2021, 01:07:29 PM

Ethereum will continue being Bitcoins deputy because btc has the most liquidity compared to eth! What does this mean, btc has the ability to move markets far much better than eth which makes it a leader and not a follower, and fyi the two being in different leagues eth would influence most altcoins while btc will influence the entire crypto ecosystem which shows eth doesn't influence btc.

Everyone is expecting a rally in Ethereum on back of the upgrade but i doubt we will be seeing a much bigger rally because anyone planning to stake the coins already invested billions in the market and if there is any special interest from any institutional investment firm to purchase millions or billions worth of coins to stake, then we might see a rally and then i heard about their plans of burning the coins, if that is the case we might see a rally but i am yet to understand all of their upgrades.

Woodie

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Ethereum will continue being Bitcoins deputy because btc has the most liquidity compared to eth! What does this mean, btc has the ability to move markets far much better than eth which makes it a leader and not a follower, and fyi the two being in different leagues eth would influence most altcoins while btc will influence the entire crypto ecosystem which shows eth doesn't influence btc.

Saisher

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

It all depends if he takes the number one spot and he surpass the market cap but before he can do that it should upgrade it's platform, Binance is a big threat to his position and might overtake him in his position right now Binance is the best choice for DeFi developers because of it's cheap transactions.

Rasa nanas

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bitcoin price will follow ethereum price in the future ? impossible
too far if we compare bitcoin with ethereum because there will be no altcoin that will beat bitcoin. Besides that, the position of ethereum as the king of altcoins and position 2 in cmc is slightly threatened by other competitors. BNB, UNI and MATIC are serious threats to ethereum in the future.

RealMalatesta

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Quote from: Mahanton on July 16, 2021, 03:57:15 PM

Same thoughts and it has always been but the only time i had seen on both coins going to opposite to each other is on this time in the past.

Dominances is almost touching to each other which basically shows that bitcoin is on drop and ETH is on peak.

That is a very rare situation and that does happen in the sense that sometimes there is an altseason which means bitcoin is not doing bad but altcoins are doing great, that really happens sometimes. I personally believe that there will be many more times the prices will be close to each other one way or another but it is not going to be now.

Any time there is an alt season that means second coins and bitcoin always gets close to each other, I remember all the coins like ltc, xrp and even namecoin got very high during the alt seasons of the previous times when they were second in ranking, crypto always had those alt seasons when bitcoin didn't drop but alts went up. This means that ethereum will get close to bitcoin one day, it just won't be any time soon now because the alt season was a few months ago and that was it, we are not going to end up seeing it back to back.

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I don't think that such thing will happen honestly. I don't say that Bitcoin will never be dethroned in the future. It'll happen eventually but we don't know when. But the coin dethroning Bitcoin won't be Ethereum I suppose. Maybe it'll be a new coin which it doesn't exist even now or another coin existing in the market now.

Yaunfitda

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Quote from: el kaka22 on July 16, 2021, 03:10:49 PM

I 100% believe that ethereum follows bitcoin instead. People do not realize that whenever something major happens it is usually bitcoin that goes up first and then we see every altcoin moving accordingly, doesn't matter if it is ethereum doesn't matter if it is 12432421th marketcap coin, ALL altcoins go together whenever bitcoin moves.

That's bitcoin advantage, being the prime mover, everyone depends on it, trading pairs obviously. Although there are times that ETH move by itself, bitcoin is not left behind. And then when bitcoin goes up, everyone goes up as well.

Quote from: el kaka22 on July 16, 2021, 03:10:49 PM

This is why ETH is not different from any other coin. Obviously we are talking about something that is as cool as it gets because ETH is getting so much better that people are talking about ETH fighting against bitcoin itself, that is why I honestly believe that this is a good thing, since ethereum is second that means if we see eth and btc fighting each other that is only something good for all of crypto. At the end of the day, we need to applaud any try to beat bitcoin since if we see them all get better that is all the better for us.

If bitcoin is the king of crypto, Ethereum is the altcoin version. However, I don't think at this point we will see coins that will overtake bitcoin, not ETH and not any in the top ten coins.

Mahanton

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Quote from: el kaka22 on July 16, 2021, 03:10:49 PM

I 100% believe that ethereum follows bitcoin instead. People do not realize that whenever something major happens it is usually bitcoin that goes up first and then we see every altcoin moving accordingly, doesn't matter if it is ethereum doesn't matter if it is 12432421th marketcap coin, ALL altcoins go together whenever bitcoin moves.

This is why ETH is not different from any other coin. Obviously we are talking about something that is as cool as it gets because ETH is getting so much better that people are talking about ETH fighting against bitcoin itself, that is why I honestly believe that this is a good thing, since ethereum is second that means if we see eth and btc fighting each other that is only something good for all of crypto. At the end of the day, we need to applaud any try to beat bitcoin since if we see them all get better that is all the better for us.

Same thoughts and it has always been but the only time i had seen on both coins going to opposite to each other is on this time in the past.

Dominances is almost touching to each other which basically shows that bitcoin is on drop and ETH is on peak.

el kaka22

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I 100% believe that ethereum follows bitcoin instead. People do not realize that whenever something major happens it is usually bitcoin that goes up first and then we see every altcoin moving accordingly, doesn't matter if it is ethereum doesn't matter if it is 12432421th marketcap coin, ALL altcoins go together whenever bitcoin moves.

This is why ETH is not different from any other coin. Obviously we are talking about something that is as cool as it gets because ETH is getting so much better that people are talking about ETH fighting against bitcoin itself, that is why I honestly believe that this is a good thing, since ethereum is second that means if we see eth and btc fighting each other that is only something good for all of crypto. At the end of the day, we need to applaud any try to beat bitcoin since if we see them all get better that is all the better for us.

erep

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I suggest the OP create a poll to answer this simple question, see how many polls vote bitcoin will follow ethereum in the future and include a logical reasoning, the position of the two best coins ethereum will remain the queen of coins unless it is not replaced with another top coin.

barota

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in my opinion btc doesn't follow eth and bitcoin have a value more than eth , for prices i think eth and btc follow the market and stock or economic of the world , like past crisis economic all market of the world crash for this reason crypto and bitcoin ctash too ,eth have a great future too like bitcoin , for example if bitcoin reach 100k , eth can reach 10k or 15k easily when btc was 10k usd per btc eth was 400 usd i think after dome years it can reach same prices of bitcoin, who know?

Maslate

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I hope this could help OP https://coinmarketcap.com/
All you need to study the market and do some search. Bitcoin remains dominating the market, not ETH. And altcoins remain to follow the movement of Bitcoin, not the one to follow Altcoins.

Quote from: djgtr on July 16, 2021, 06:24:32 AM

Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

This will never happen at all we all know that the bitcoin is always the number one coin and it's price is much higher than the ethereum or on any other altcoins. So it will never follow ethereum it is impossible to happen. Bitcoin always dominating the market and all altcoins always follow it.

Don't take that seriously as the OP still confuse about what coin is dominating the market. That is to find ridiculous but we just have to try educating him and help him to get familiar with the market sentiment and ranking.

djgtr

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

This will never happen at all we all know that the bitcoin is always the number one coin and it's price is much higher than the ethereum or on any other altcoins. So it will never follow ethereum it is impossible to happen. Bitcoin always dominating the market and all altcoins always follow it.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

If time comes that Ethereum already Leads the market then for sure Bitcoin will be far far low that moment because for ethereum to lead the market this must make Bitcoin value miserable because many altcoins will climb up with Ethereum when that possible time happens.

Quote from: JillianTaft on July 16, 2021, 03:46:09 AM

Bitcoin is the future digital currency gold. No other token can shake Bitcoin's status. Ethereum is the king of altcoins. Altcoins follow Bitcoin, and Ethereum is no exception. If you want to invest, both are a good choice.

Remember that this market is Volatile and surely no one will stay forever in their positions.

Yeah Maybe Bitcoin is the leader now but we cannot predict what will come in this market in the future.

It may not be Ethereum but surely there will be another one.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

honestly i don't understand what you mean about bitcoin following eth? if you mean in terms of price of course what is happening now, the price of ethereum is more dominant following the movement of bitcoin prices in the market and in fact 99% it has been proven so far.
While Proof of Stake itself is an alternative to the Proof of Work system, Namely, a system in crypto asset investment where all algorithms in the blockchain system must reach an agreement before confirming crypto asset transactions that will be recorded on the blockchain, if you say so of course All altcoins can do this on the condition that miners must have assets of around 50% of the altcoins they mine, but in this case it will consume a large amount of electricity, as happened in China some time ago.

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Bitcoin is the future digital currency gold. No other token can shake Bitcoin's status. Ethereum is the king of altcoins. Altcoins follow Bitcoin, and Ethereum is no exception. If you want to invest, both are a good choice.

Roy Asher

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I don't think this will be the case. Although Ethereum ranks second in market capitalization, Bitcoin is the leader in the crypto space. Altcoins follow the price of Bitcoin because Bitcoin drives market trends and dominates. If you choose to invest, I will choose Bitcoin. The future of Bitcoin is still very fascinating.

ziyaaa

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If we consider the big dominance of Bitcoin in the market, I don't think that such thing will happen that easy. Unless Bitcoin becomes worthless somehow, I think this won't change. But I'm expecting Ethereum price to reach really serious levels in the next bull run.

Shasha80

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Quote from: Ngemmeng on July 10, 2021, 08:47:37 AM

Honestly, I'm still confused about the meaning of your question, what do you mean by following? We all know that there is no atcoin that can exceed bitcoin in all aspects. I admit that ethereum is the biggest altcoin right now, but that doesn't mean it can beat bitcoin (even in the future)

Sometimes there are still some people who really hope that Ethereum can surpass Bitcoin, even though it is almost impossible to happen. For people
who are experienced in the crypto world, they will understand how Bitcoin for 11 years has always dominated the market. Meanwhile, Ethereum
always follows Bitcoin price movements. So people who say Bitcoin will follow Ethereum, I believe the person doesn't understand crypto world yet
or maybe the person is too obsessed with Ethereum.

milewilda

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Quote from: acener on July 15, 2021, 04:36:31 PM

Nope I think it would never happen it would always be the alt-coins that would follow the King of crypto not the other way around.
For me Bitcoin would be the top or King of all crypto for a very long time and we might never see that it follow the price of another crypto because it would always be the one to dictate the flow.

Nothing do last forever but we can really tell that Bitcoin would remain on the top spot for a while or wont really be having the chance for altcoins to replace it on its top spot.
Nothing can be assured or known on what would happen in the future but basing on whats currently the position or ranking when it comes to demand then Bitcoin does have it.
Lets see on future years to come if there would be some chance or wont really be that close because the community would be the ones who would really decide on this one.

acener

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Nope I think it would never happen it would always be the alt-coins that would follow the King of crypto not the other way around.
For me Bitcoin would be the top or King of all crypto for a very long time and we might never see that it follow the price of another crypto because it would always be the one to dictate the flow.

Ngemmeng

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Honestly, I'm still confused about the meaning of your question, what do you mean by following? We all know that there is no atcoin that can exceed bitcoin in all aspects. I admit that ethereum is the biggest altcoin right now, but that doesn't mean it can beat bitcoin (even in the future)

semobo

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People follows bitcoin movement in the same time people also follow the ethereum movement, Did I say correctly? No people who called investors and traders decides or causing the price movements and most of the time ethereum price movement is similar to bitcoin but not all the time.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

You've got it twisted buddy. Bitcoin has a current market cap of $634,250,199,037 compared to Ethereum's $246,611,661,646. Bitcoin will always be the driving force and all other will be affected.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Then if this comes meaning Ethereum will be the king and Bitcoin will end up number 2 ? nope this is impossible to happen unless bitcoin will lose sympathy and belief from the supporters things that i think won't ever come in our lifetime .

Quote from: ILuckyGuyI on July 10, 2021, 05:17:50 AM

I don't know about this. Ethereum has a disadvantage also against Bitcoin. Its max supply is unlimited but it's the opposite for Bitcoin. This could be an important factor hindering Ethereum price to get past Bitcoin's. Bitcoin has also a very big dominance in the market and I don't think that this scenario will change too much in the near future at least.

And Ethereum also experience congestion like what Bitcoin is facing like what happens recently and this is the disadvantage of Ethereum as well.

ILuckyGuyI

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I don't know about this. Ethereum has a disadvantage also against Bitcoin. Its max supply is unlimited but it's the opposite for Bitcoin. This could be an important factor hindering Ethereum price to get past Bitcoin's. Bitcoin has also a very big dominance in the market and I don't think that this scenario will change too much in the near future at least.

Roy Asher

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I don’t think it will be. Bitcoin is a leader in the encryption field. The value of altcoins follows Bitcoin. Ethereum is the operating system layer of the blockchain and is an application currency. Bitcoin is definitely a value that no one can shake. , But if you want to invest, you can hold both.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

principles in crypto clearly make any opportunity possible, but ethereum must be able to solve its problems first, such as high costs that have not been perfect once proven to be able to go down.

Quote from: chikading2016 on June 07, 2021, 06:14:01 AM

No i think his can never be, because ethereum is not as big as bitcoin, if we look at the price bitcoin is very big why eth is very small if we also see the past price chart never in a history that the bitcoin will follow eth it is always eth follow bitcoin in every bull run when bitcoin rise eth will follow.

if you look at the market cap of ethereum and bitcoin, it doesn't seem like the difference is too big and it might happen if ethereum can change the system even better than now.
because the opportunity will always be possible if ethereum is able to improve the properly, but it will always take time that is not instant to achieve.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

No i think his can never be, because ethereum is not as big as bitcoin, if we look at the price bitcoin is very big why eth is very small if we also see the past price chart never in a history that the bitcoin will follow eth it is always eth follow bitcoin in every bull run when bitcoin rise eth will follow.

arwin100

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Try to look at the market you will see that majority of alts will be dumped including ETH if bitcoins is dumping, thats the reality happening even by now and I didn't see the scenario where bitcoin follows ETH since many are still looking at the bitcoins as the top leader of the alts although ETH is the 2nd but there are still so many things needed to happen before it overcomes bitcoin.

GreatArkansas

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There are really a lot of things we should consider here. Having Bitcoin is the highest market cap on cryptocurrency right now is a very huge advantage that other cryptocurrency will follow Bitcoin, it is one of the reason for me why Ethereum and another cryptocurrency will only follow Bitcoin.
As you can see how the Bitcoin Dominance moves lately (https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/),
if you can observe, if Bitcoin dominance is dropping, it's likely but not totally = Bitcoin dumps/bitcoin sideways and Ethereum is pumping or not dumping huge amount.

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I don't think it's going to change anytime soon. It's always going to be Bitcoin and then Ethereum no matter the price of it is. I'm pretty sure that when you ask someone if they know cryptocurrency or the likes of it, it's always going to pop up as Bitcoin to be the first coin of it.

I think it's safe to say that it's not gonna happen yet. Maybe if there is an "ETH Market" on an exchange, then it could dictate it but the majority of the exchanges have these types of markets

BTC Markets
Fiat Markets
Alt Markets

Rajamuda

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I don't think it will ever, bitcoin is like the mother of other crypto coins and the others will not be able to exceed bitcoin because of the things that can affect it.
However, we should not focus too much on price movements which are indeed more dominant raise on the Ethereum, but still the value is more valuable bitcoin for all the properties it has until its role in the digital world.

Fundamentals Of

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Will Ethereum become deflationary in the future? Is it the future plan of Ethereum? I cannot remember hearing or reading this kind of plan. If there is this kind of plan, then it would better compared to its supply being unlimited.

But I don't think Bitcoin's price will follow Ethereum's price. It might be the other way around. Ethereum's price will follow Bitcoin's price. But that too is difficult to happen. Bitcoin's position is hard to reach. And the 21 million overall supply matters a lot.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

I think its the opposite, etherium follows the bitcoin in terms of value bitcoin is much higher than etherium. Many speculations since the bitcoin came to the top of all cryptocurrencies, etherium seems to be the second and this two is the best to invest long term because of the big profit that you can earn with them.

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Im very interested in how proof of stake can alter ETH to have a greater positive dynamic but its not certain to do so thats why it'll be interesting to see. I reckon there is an accumulation dynamic in ETH from POS and the way it encourages storing value in order to take part in the yield from transaction fees. Nobody knows it will work out for sure but I have used POS blockchains since 2014 and they are quite viable in operation I think, on this scale I dont think its been done before and so it will finely get a proper test of good and bad factors.
Even after all that possible maybe positives or negatives, I doubt BTC would follow ETH for direction until the monetary base of ETH and/or revenue is greater then BTC and its got a long way to go yet. Before then ETH will likely cycle many times through appreciation and sell offs just like BTC had to in order to get here, if only because some people have too much ETH and the value will distribute. If ETH can keep up a greater demand vs supply even after this POS factor becomes old then maybe perhaps we can discuss this topic again, its not happening this year and it might fail anyway in some way.

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Quote from: Johnyz on May 28, 2021, 06:55:07 PM

ETH might grow a lot in the future because of its upcoming updates but that is not enough reason to take over Bitcoin, and force Bitcoin to follow the trend of ETH. We all know over the past years Bitcoin dominates this market and we always follow that trend, I still believe that despite of the growing competition in this market, Bitcoin will remain superior and its really hard to challenge BTC for some reason.

As far as ethereum develops and no matter how big the market cap is, bitcoin will still be considered a fundamental coin for crypto. because almost all the familiarity of the crypto community around the world is due to bitcoin, and because bitcoin is also a trend, other coins also have a place as a means of investment.

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Quote from: wxa7115 on June 06, 2021, 02:51:43 PM

Ethereum is the king of altcoins this is true but when the majority of them turn out to be scams or bad projects then this ends up harming the reputation of ethereum long term.

Disagree with you. How come scam projects (other altcoins) can harm the reputation of Ethereum in the long term?

There is "no connection" to that. Ethereum already has a strong community so being reputable should not even a question here.

Projects running in Ethereum Network that turned out to be a scam are already a common thing we see in crypto since then. The impact of it is, there might be few investors willing to participate, for example, in crowdfunding, ICO, IPO, etc. of some projects in the future because of scams,

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Time will tell but basing off on the current situation we are seeing in terms of community support then its impossible to say or think that Bitcoin is really following an Altcoins price which is really hard to believe as Bitcoin is the main coin on where we are mainly supporting.If ETH would become POS then there might be some significant changes in terms of price and demand but doesnt mean that it would overtake out Bitcoin because no one can beat out the kind even though some alts are much better in terms of technicalities and features but still Bitcoin would be still be on the top or peak spot.

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I don't think bitcoin will follow ethereum, although ethereum is so powerful and although ethereum is the king of altcoins.
Bitcoin is the king of all coins and all altcoins always follow the price movement of bitcoin. Everyone who is in crypto invests
in this speculative asset and that determines the market, if ethereum it is there that has Vitalik. It's obvious.

Ethereum is the king of altcoins this is true but when the majority of them turn out to be scams or bad projects then this ends up harming the reputation of ethereum long term.

It is kind of ironic, the very thing that makes ethereum a popular coin and that has helped its development as the second most popular coin in the market is the very same thing that affects it and makes it impossible for it to ever surpass bitcoin as some investors do not want their future to be tied to so many unknown variables.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Bitcoin doesn't follow any coins in the market no matter how high or potential it would be because everything would always matter with the demand and support of the community on bitcoin itself.

They can move on their own in terms of new updates or whatever the events that do happen but bitcoin doesn't really care at all. It would still remain to be the top crypto not only for few decades

but rather into the entire crypto market relevance and recognition. If you do believe about ETH potential then you can always opt to diversify instead.

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ETH might grow a lot in the future because of its upcoming updates but that is not enough reason to take over Bitcoin, and force Bitcoin to follow the trend of ETH. We all know over the past years Bitcoin dominates this market and we always follow that trend, I still believe that despite of the growing competition in this market, Bitcoin will remain superior and its really hard to challenge BTC for some reason.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

That won't happen, altcoins always follow Bitcoin trend no matter how good that altcoins is simply because Bitcoin is the king and we always have to respect Bitcoin. We might see BTC pause on its trend for a while since it gives time for Altcoins to follows the Bitcoin trend but after that altcoin season, we always go back to Bitcoin and continue the trend until we reach the moon.

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Why should bitcoin must follow Ethereum or any altcoin et.al? I'm not a hater because I'm also an investor of Ethereum but you need to understand first that the whole market follows bitcoin.

No matter bears or bulls, it's been proven that every cryptocurrency is following bitcoin. It should be Ethereum and all of the cryptocurrencies are following bitcoin that you have to understand and bitcoin will never follow any altcoin in pricing because he's the mover of them all.

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Quote from: FinneysTrueVision on May 24, 2021, 08:22:14 PM

To some extent it already does. When the ICO bubble burst in 2017 it caused the price of everything to drop. It damaged the reputation of cryptocurrency in general after so many of them turned out to be scams. If a big enough event happens with one coin, it will affect the price of everything.

It seems that DeFi is going to be that big event that you might be thinking of with a few already showing their true colors, if people can tell the difference, it will be a different story but I won't worry too much that bitcoin will suffer the same fate as the 2017-2018 because a lot of things have changed, with more institutional investors and being considered by more people, we might be on the right track.

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I really think that your question is the other way around, I really think it is Ethereum to follow the price of Bitcoin, I think that the price of Bitcoin has really been established in a higher price right now ETH will surely be having a hard time in keeping up with it and now that there is Bitcoin Smart Chain that can be a competition with ETH

ETH really needs to fix up first its higher gas fee on its transaction if now BSC will surely follow-up to ETH.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

can it happen? yes anything can happen, be it Bitcoin which will go to the price of Ethereum or maybe Ethereum which will go to the price of Bitcoin, anything can happen, but we analyze far from fundamentals and supply, in Bitcoin supply there are only 21 million which is very Fewer than Ethereum which has hundreds of millions of supply, of course this makes it difficult for Ethereum to reach a price like Bitcoin, and Bitcoin will also find it difficult to return to the price of $ 1000? yes for now it's impossible.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Ethereum is correlated to the movements of bitcoin and it is not the other way around, this has been true since the existence of ethereum and it is true for almost every coin in the market except stable coins and coins that have not been on the market long enough to draw conclusions from their behavior if we compare it to bitcoin.

The only way this could change is if ethereum took control of this market and became bigger than bitcoin and got more support from the community, which is something incredibly unlikely as you may know already.

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If you mean Ethereum will beat bitcoin position in the future, and all other coins will follow Ethereum price movements, I think that is not possible. Bitcoin will remain the most prominent cryptocurrency as long as cryptocurrency exists, and bitcoin will always be the main attraction.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Try to analyze the movement of the market and you will find out that once bitcoin dumps everything will follow so expect that it will the same with ethereum to. Also before we can see that scenario what you said Eth should get a huge adoption or convence the bitcoin supporters to shift their investmenr unto them. But for now since bitcoin is the face of cryptocurrency I doubt it will happen.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

I think this will not going to happen since the price of the two coin has a big difference eth is low value compair to bitcoin and it is already known that bitcoin is always rank #1 followed by eth, so then i don't believe that in the future bitcoin will follow eth price. Bitcoin is is still the crypto coin king and it is the coin that we can all put basis with regards to the crypto market situation because if bitcoin failed and fall into zero value all coin will maybe follow so i think bitcoin is always the best coin.

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Everytime ethereum is always follow bitcoin price, coingecko always rank eth as in number two and the number one is always btc, because btc is the center of the crypto market so if btc failed ethereum and other token will also failed that's it. I think this will not going to happen that btc will follow eth because from the start bitcoin is the most amazing coin in crypto.

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we don't know for sure but many big investors actually bullish about ETH and what I mean by bullish is really bullish about it.
Maybe they just figured out the real use case of the smart contract embedded to ETH blockchain or something else but many are actually interested in ETH. Now imagine if the PoS rolls out it solves energy consumption problem that means there's no holding back from using it just because we want to be called "go green"
but whatever happens I think btc will always keep its value since most of the investment also go to btc.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future?

It never did and never will.

Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

When Ethereum becomes proof of stake and becomes deflationary, can it happen?

When ETH will become PoS it'll probably get dumped heavily and the money will be invested in more worthy coins, like, you know.. Bitcoin.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Sure? Maybe? I don't know about this exactly but what I know for sure is both are dead.

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ROFL. this was such a funny post that I can't stop laughing.

Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future?

You mean get dumped for 3 years? No it won't follow shiterum price. Bitcoin will continue rising in the future while shiterum only gets pump and dumps.

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When Ethereum becomes proof of stake and becomes deflationary, can it happen?

They are switching to PoS so that they can make a shitton of money on their 72 million premined ETH that they control and make millions of dollars without taking any risks or doing any work whatsoever! It won't work if they finally put a limit on the shitereum's supply.

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Most probably yes it will follow up to $20k there are youtube influencers who are predicting ETH to go the same direction despite the transaction fee which is a hurdle to its network growth. They really need to make it faster otherwise the BSC or even ADA will takeover the position because they tend to make it faster.

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To some extent it already does. When the ICO bubble burst in 2017 it caused the price of everything to drop. It damaged the reputation of cryptocurrency in general after so many of them turned out to be scams. If a big enough event happens with one coin, it will affect the price of everything.

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Altcoins follow Bitcoin and Ethereum follows Bitcoin.

I fail to get what makes you think Bitcoin will follow Ethereum or any altcoins? If you have logic for any future that Ethereum will flip Bitcoin in the crypto market, you can wait for this future.

Ethereum is a big, biggest altcoin but I don't think it will be able to compete with Bitcoin, in any sense. They serve for different purposes and use cases. Bitcoin is for speculation, the less speculative cryptocurrency and as store of asset. Ethereum is a platform, backbone for companies (many are scam) to run on its chain (ERC20).

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Quote from: NatureMoves on May 24, 2021, 04:51:03 PM

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

First of all, move this thread to Bitcoin discussion since the topic is referring to Bitcoin. Also, what you mean follow ethereum price? Bitcoin is much higher than ethh, how come it will follow on eth, maybe you interchange it. Eth will follow btc as it has more marketcap.

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Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Topic: Bitcoin Follows Ethereum? (Read 609 times)