Topic: Bitcoin vs Ether Price Correlation (Read 797 times)
Its not real and I am surprised at a lot of people who believe more in ethereum than BTC, based on what facts they do this claims, I will never believe such thing as for me, but I wish not too many people did that, they can lose a lot of money in the end, as with all alts, pump and dump is inevitable. POS of stake I am not sure if it will help in someway ether.
Whenever there is an ETH pump in the making, some people try to use its big volume to make some extra BTC, but as soon as the ETH hype is over, the dump begins and all the money goes back BTC, it goes like this everything, the safe place to be at the end of the day is BTC.
This figure shows investor money keep getting swift between eth and btc and in between all the small traders and noob traders loss their hard earned money. There is limit in total money invested in crypto trading and its need more money to make this two move parrallely.
Ether is the first reasonably liquid hedge for large BTC holders so correlation quite strong but I expect it to decline over time
The same goes for most alts.
They go up when BTC price goes down and down when the price of BTC goes up.
They go up when BTC price goes down and down when the price of BTC goes up.
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