Does ETH movements depend on BTC ? - page 3.

makishart

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Quote from: thinkpad99 on May 13, 2018, 05:51:52 PM

There is some truth in the fact that the ethereum price depends a bit on bitcoin

Ethereum can increase own price without bitcoin, this coin has big potencial with own technology so we can see bigger price even when btc will not bigger

The recent increase of the ethereum value is giving a real evidence if ethereum movement is no 100% depends to the bitcoin. It's only following the trend and bitcoin too. But look at the market and how ethereum gets another jump while bitcoin it's not. So you can try to take a conclusion about that.

Duallimit

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I think the main reason is not the dependence of Ethereum on Bitcoin, but the fears of investors and traders, with the redness of the market. And they run to withdraw funds to Fiat. In addition, the news that causes the fall affects not only Bitcoin.

chip1994

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I think the ETH rate more or less depends on the exchange rate of BTC. As the exchange rate of the BTC decreased, the exchange rate of ETH and altcoins decreased. But ETH rates are not entirely dependent on BTC, there are many situations where BTC rates increase, and ETH falls and vice versa because people's investment needs only focus on one crypto at the time.

thinkpad99

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There is some truth in the fact that the ethereum price depends a bit on bitcoin

Ethereum can increase own price without bitcoin, this coin has big potencial with own technology so we can see bigger price even when btc will not bigger

DoctorCripto

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Quote from: CrypticGambit on May 13, 2018, 04:51:30 PM

Yes every coin is depends on bitcoin. Bitcoin is like crypto index and a lot of coins are pumped with bitcoin. When poeople see that bitcoin is going down they sell their alts into btc and alts dump.

I also noticed this trend, as soon as Bitcoin begins to fall, the entire market immediately begins to fall, so it should not be.

Anonylz

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I am always trading, and i can confirm this.

Ethereum depends on Bitcoin, and almost all the other altcoins depend on ethereum, but when there is a dump, most altcoins grow up in terms of btc value.

CrypticGambit

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Yes every coin is depends on bitcoin. Bitcoin is like crypto index and a lot of coins are pumped with bitcoin. When poeople see that bitcoin is going down they sell their alts into btc and alts dump.

hdclover

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Atleast as of now ETH price is directly or indirectly dependent on Bitcoin's price. This might change in the future when more number of ETH based exchanges are introduced. Fiat to ETH and alt to ETH Paris.

thornTorn

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Of course, everything depends on bitcoin, he is the father of all the crypto currency. I think sooner or later the cue ball will return to the shadows, and then the air will come first. this will happen in 5 years.

mastadonballs

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Not at all. BTC price also can affect to ETH price but it's not the only thing can affect to ETH price of something like that of ETH. You should know that cryptocurrency news also has great effect on cryptocurrency and ETH is not an exception. Beside I think ETH has it own blockchain and I don't think ETH movements will depend on BTC Grin

doublecoins

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Eth is completely depeneded on btc nt only eth every coin in the coin market cap is depending on bitcoin if the price flucatates then we can see all alt coins fall thereafter

Crytptohack

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HodL!

If you look at the last run up with BTC, ETH lagged behind a week or so. You can overlap the two on a chart and see it.

I do think in general, most crypto's will follow BTC as that is the defacto standard crypto.

BChydro

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The entire crypto market is based on the price of bitcoin, if the price of bitcoin goes down, the entire market will follow the downward slide and it is hard to predict how long these uncertain market situation continues, so my advice is to invest in the coins in moderation, if not if there is a sudden negative news there is a chance it will go down further.

TwSeventh

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not only ETH but everything.
if Bitcoin price goes up significantly,everything should be dumped heavily because people will exhaust their money to build the support and breaking the resistence.
and if it goes down significantly,everything will be dumped too because people afraid it will lose its value.
in other words,we can not deny it.
it was an everything for altcoin,because we are valuing altcoin using Bitcoin.

Zagitta

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I don't think so and if there is any doubt then that will be cleared within a year as Ethereum is growing big at a fast pace and there is nothing getting in its way. All the tokens being developed on its platform are giving it enough value that it will decouple from Bitcoin and have its own price movements.

sweerty1

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Well nearly all altcoins move with bitcoin in this nightmare-ish markets. Its more about showing market hope. People cannot believe other altcoins unless bitcoin reach meaningful price. Ethereum is no different. It depends on btc..

torrantz

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Quote from: Cmoh on April 05, 2018, 01:17:05 PM

By looking at the trend not only the ETH but all the cryptos are showing a positive correlation with the Bitcoin. If Bitcoin is moving downward the sooner or later others are also declining with their value by some more or less. So, we can say that there is a deep correlation in the crypto market with the Bitcoin and can be gauged as an Index of the market.

Alright majority of them. Said bitcoin was controlling anything related to the result of the dollar price for all of the cryptocurrency right now. It looks like they are all going straight with bitcoin.
But it looks like some parties are doing the same thing at the same time. Some people are thinking that doesn't make sense to see correlation between everycrypto.

BrowserOne

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It all depends of the marketcap. If it dump everything dump.

DiceChain

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I think yes. All altcoin conditioning depends on the price of bitcoin. ETH too. If btc is up then ETH will be up. and vice versa Cheesy

BattleZeo

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Quote from: dollurs on April 04, 2018, 10:13:05 AM

You all know that after a huge price fall most of the crypto currencies have now come to their previous support levels. ETH has reached its previous November resistant level ( Now it is a support level ). The Support is at around $400 level and the level is a pretty strong one. But for BTC it needs to go further more down to reach its support level ( previous resistant) usually can be found around $5000. So my question is even ETH has come to its one of a good support level, can it go more down if BTC falls near that $5000 value ?

I think the bitcoin have impact to the whole market and every coin, including ETH. Now there are more different ways to get bitcoin than ETH. Someone might buy ETH using BTC. BTC value falls the ETH might fall too because they are connected.

Topic: Does ETH movements depend on BTC ? - page 3. (Read 487 times)