Bitcoin reached 10k USD, where Ethereum come at 352 USD - page 2.

Saisher

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Quote from: ryap12 on September 08, 2020, 08:52:29 AM

I thought I was the only one who noticed regarding the difference. ETH is no longer that bad whenever BTC falls, right? Unlike before that the percentage and difference is huge. I think people have become confident on holding on to their ETHs and no longer are afraid of dumps. Good eye.

I'm using CoinGecko but it tells a different story from what I'm seeing -22.7% for Ethereum compared to Bitcoin which is only -14%, Ethereum has a huge dump between the two top coins in the market, I'm still comfortable holding both coins I know that this temporary and both coins will have another pump but not much hope for another all time high this year.

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Quote from: GreatArkansas on September 07, 2020, 07:30:30 PM

Quote from: LUCKMCFLY on September 07, 2020, 06:42:20 PM

Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

For me, Ethereum got much lower impact when Bitcoin is dumping, compare to other altcoins like around top 10 and so on, the dumps on them are really insane. On last price action run when Bitcoin reach around $12, 000 and Ethereum is on around $460, Ethereum got the more gains here.
I am glad now the Bitcoin dominance is back around 60%, for sure, we will make another support here for Bitcoin dominance.

I thought I was the only one who noticed regarding the difference. ETH is no longer that bad whenever BTC falls, right? Unlike before that the percentage and difference is huge. I think people have become confident on holding on to their ETHs and no longer are afraid of dumps. Good eye.

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Quote from: piebeyb on September 07, 2020, 02:01:18 AM

The price of bitcoin won't go very far with the $ 10k mark, so the chance to buy cheaper for investors is right now, if it will go below $ 10, I don't think you will get and see it again under $ 10 in the future, there are only a few weeks to go. make a decision, while ETH he will not really grow well with the price of bitcoin if they are not really serious about dealing with the problem of transaction fees

Not to be a pessimist but we are not yet assured of how will this market price behave for the remaining months of this year. But it is indeed a good thing that the market price is still in 5 digits at this moment which is seomething that could be hanged our hopes with.

Quote from: LUCKMCFLY on September 07, 2020, 06:42:20 PM

Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

If i'm not wrong many alts have outperformed Bitcoin when it comes to rate of increase in the recent uprise movement of the market prices. Some of them remained unharmed when the market pricr of Bitcoin suddenly fell. We may still be on "track" and our hopes for a great year for this industry is still on its feet once again.

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Quote from: LUCKMCFLY on September 07, 2020, 06:42:20 PM

Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

For me, Ethereum got much lower impact when Bitcoin is dumping, compare to other altcoins like around top 10 and so on, the dumps on them are really insane. On last price action run when Bitcoin reach around $12, 000 and Ethereum is on around $460, Ethereum got the more gains here.
I am glad now the Bitcoin dominance is back around 60%, for sure, we will make another support here for Bitcoin dominance.

LUCKMCFLY

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Well, it is to be assumed that when Bitcoin falls in price, all altcoins go down or bleed out a lot, ETH falls per market share, when Bitcoin is in a bullish trend, altcoins tend to fall in price, but then they increase, that is why they always It is good to buy altcoins when Bitcoin has confirmation of being bullish and to buy altcoins on the pullback it makes, that is the best time to buy Bitcoin.

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Quote from: Oasisman on September 07, 2020, 06:43:04 AM

That's because of the DeFi hype. Since most of these applications are built on Ethereum, so this somehow gives a boost to ETH in the crypto market.
Under $200 price doesn't seem close to be happening today. Nobody knows, but since DeFi was having an ICO-like hype then everything seems fine with ETH.

Even Ethereum 2 has an impact on the ETH price in my opinion. A race to collect more than 32 ETH.

tbterryboy

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I really expected a bitcoin fall however I really didn't see the ethereum fall at all. It is right now around 330 dollars already, down another 10%ish from the OP posted, so it is really not doing great at all.

I definitely saw it going under 400, that made sense, even 370ish levels were logical, but to go towards 330 dollars is a very dangerous thing. That is really scary low and at the risk of going under 300 dollars, not something we would want, there are levels in crypto prices and when it goes under that level we are talking about going there for a long time, one example would be bitcoin going under 10k means there is a chance it can't go above 10k that quickly usually, and when eth goes under 300, that is a level it can't go back up very quickly neither.

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Quote from: Kemarit on September 06, 2020, 09:31:41 PM

Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Same here, I thought that at least Ethereum will go below $300 at least and Bitcoin below $10,000.

I guess the we are really in a bull run, it's just the market take a rest during the weekends. Now we have seen some good bounce back specially from top altcoins, but still Bitcoin supports holds at five digits and the price didn't go below it. So it is going to be interesting as how the market will move this week. Hoping for a slow recovery to 10,500-$10,800 and then hold on that until the 2nd-3rd week of this month.

Not surprising for bitcoin, it just happened to go below $10,000. Start of the week and it's going to be another week to see some volatility again. I'm starting to think if the rest will be successful for bitcoin. It looks disappointing staying on $10k and hovering to somewhere in $9950 but it's bitcoin.

Quote from: slaman29 on September 07, 2020, 06:12:06 AM

Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Yes they do, it's called their job actually:) Journalists get a lot of flack these days for putting out news, but come on, you read the news, and they're supplying the news, right? Let's leave them be, at least this one didn't come up with ultra silly reasons for coming up with those numbers. Now those I really hate!

Sometimes they create articles like that, unreasonable and far from reality. Anyway, yeah, let's leave them like that.

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Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down?

Well yeah, that's kinda normal. Crypto market is based on speculations, fundamentals, news, and technical analysis. So, that's already expected everytime there's a significant movement specially with Bitcoin, ETH, and other top coins.

Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

That's because of the DeFi hype. Since most of these applications are built on Ethereum, so this somehow gives a boost to ETH in the crypto market.
Under $200 price doesn't seem close to be happening today. Nobody knows, but since DeFi was having an ICO-like hype then everything seems fine with ETH.

Erumo

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It was obvious that Sushi was something to do with pump and dump. Now the reputation of DeFi will be partly ruined with pizza and hotdog.
For those who did not know, the price of DeFi project Hotdog dumped from $6k to 1 dollar in 5 minutes. So many people fcuked up right now. For the DeFi projects, gaining a trust back will be a long process.

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Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Yes they do, it's called their job actually:) Journalists get a lot of flack these days for putting out news, but come on, you read the news, and they're supplying the news, right? Let's leave them be, at least this one didn't come up with ultra silly reasons for coming up with those numbers. Now those I really hate!

piebeyb

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The price of bitcoin won't go very far with the $ 10k mark, so the chance to buy cheaper for investors is right now, if it will go below $ 10, I don't think you will get and see it again under $ 10 in the future, there are only a few weeks to go. make a decision, while ETH he will not really grow well with the price of bitcoin if they are not really serious about dealing with the problem of transaction fees

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Quote from: sdsfghfff on September 06, 2020, 01:17:45 PM

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

This is normal, a huge retracement is to be expected when the cme gap last time was 9600 but ended still above 10k. Anway thats gonna be a huge rally whether we can go back again or surpass this entry or finally we go down the road of 10k below.

Quote from: btc_angela on September 06, 2020, 09:36:27 PM

Who wouldn't want to get some cheap ETH, specially for those who have missed the boat. Although the best time is like 2 years ago when it goes down, as low as $80. But still at $200, still a lot of wiggle room and potential to make profits even if it just touches it's current all time high. But ETH's investors are really very bullish about it.

Actually they are really naive to keep buying now while the price is already been high. 300 per eth is still high like it was down on at least below 100 before whoch is a time to accumulate. Anyway thats how trader attitude buy when its increasing and sell when its going down.

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Quote from: btc_angela on September 06, 2020, 09:36:27 PM

Who wouldn't want to get some cheap ETH, specially for those who have missed the boat.

"cheap" is a very complicated concept when it comes to altcoins specially when you are looking at USD value of them. majority of the altcoins aren't really traded against USD but mainly against BTC so obviously majority of traders are investing their "bitcoin" in altcoins. ETH is not an exception.

even if we ignore that and only focus on USD values, a quick comparison between their USD value and bitcoin USD value shows that altcoins have never been "cheap" specially in the long run. in fact most of them are super expensive and overvalued.

take ETH that you mentioned here. 4 years ago in 2016 when bitcoin was starting its rise after the halving was done and it was sitting at $400, ETH was sitting at 0.035BTC and today after 4 years it still has pretty much the same value around 0.03BTC and it is currently pumped!
and if you had put the same fiat in ETH instead of BTC after 4 years you would be in a loss even though your fiat has grown.
and that's with the current pumped ETH price, keep in mind ETH has unlimited supply and can't keep its price up in the long run due to inflation alone.

btc_angela

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Who wouldn't want to get some cheap ETH, specially for those who have missed the boat. Although the best time is like 2 years ago when it goes down, as low as $80. But still at $200, still a lot of wiggle room and potential to make profits even if it just touches it's current all time high. But ETH's investors are really very bullish about it.

As for our beloved BTC, no need to worry, it will recover, it is very resilient to this kind of downturn that the bounce back will be bigger than the last downtrend. So I'm expecting like 20% bounce in the coming weeks.

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Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

Same here, I thought that at least Ethereum will go below $300 at least and Bitcoin below $10,000.

I guess the we are really in a bull run, it's just the market take a rest during the weekends. Now we have seen some good bounce back specially from top altcoins, but still Bitcoin supports holds at five digits and the price didn't go below it. So it is going to be interesting as how the market will move this week. Hoping for a slow recovery to 10,500-$10,800 and then hold on that until the 2nd-3rd week of this month.

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Quote from: Botnake on September 06, 2020, 06:52:12 PM

Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.

That's how fast bitcoin will recover if the market is bullish, so any dump is an opportunity, and probably those who get panic have already regretted if they will see bitcoin will once again climb to $12,000.

I've seen people who are trying to get attraction and keep on saying on social medias that bitcoin will eventually go back to $5,000 and lower. They've missed the ride so they would like to buy it at cheap price again.

Quote from: Botnake on September 06, 2020, 06:52:12 PM

Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

I thought that it is going behind and under $200+ again but fortunately, it didn't.

It's unfortunate for me, lol.. I was thinking it could go down more, not because I don't trust and I want ETH to fail but because of the opportunity it could give. The lower price we can accumulate ETH's value, the higher profit we will get in a short term. EASY!

Anyone who wants it lower does have only one reason. And that is to buy at those low price to keep more on their side but ETH is quicker to recover this time.

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Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.

That's how fast bitcoin will recover if the market is bullish, so any dump is an opportunity, and probably those who get panic have already regretted if they will see bitcoin will once again climb to $12,000.

Quote from: batang_bitcoin on September 06, 2020, 06:36:34 PM

I thought that it is going behind and under $200+ again but fortunately, it didn't.

It's unfortunate for me, lol.. I was thinking it could go down more, not because I don't trust and I want ETH to fail but because of the opportunity it could give. The lower price we can accumulate ETH's value, the higher profit we will get in a short term. EASY!

batang_bitcoin

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Yes it was down that quick. But does the article makers has always to make these articles if ever bitcoin goes up and down? Regardless of that, Ethereum has quickly backed to $352.
I thought that it is going behind and under $200+ again but fortunately, it didn't.

sdsfghfff

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Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

Topic: Bitcoin reached 10k USD, where Ethereum come at 352 USD - page 2. (Read 372 times)