Ethereum and Bitcoin Cash getting closer. What next?

adroitful_one

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Quote from: romero121 on February 13, 2019, 12:22:11 PM

Today the price of ethereum and bitcoin cash has come close in value. By now the value of ethereum is $122.23 and Bitcoin Cash is found $122.61, and will the price of bitcoin cash fall further providing path for users to make a large scale investment on bitcoin cash moving from ethereum.

Yes, but the market cap for Ethereum is more than 4 times the amount of Bitcoin Cash. This is a very important factor to look at. There are 108 million Ethereum and only about 18 million BCH. That's the reason for the prices being so close to one another. It's simple supply and demand. Ethereum still has 4 times the investment of BCH and 4 times the interest as well. BCH will probably always be worth more than Ethereum when looked at by the dollar value, but it's only because there's not as many of them to go around.

Cnut237

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Quote from: romero121 on February 13, 2019, 12:22:11 PM

Today the price of ethereum and bitcoin cash has come close in value. By now the value of ethereum is $122.23 and Bitcoin Cash is found $122.61, and will the price of bitcoin cash fall further providing path for users to make a large scale investment on bitcoin cash moving from ethereum.

The price of a coin alone doesn't mean anything. You need to consider number of coins in circulation as well - this is why everyone looks at market cap.

If a coin has a price of $1,000 and the supply is 1,000,000 coins, this is exactly the same as if the coin has a price of $1,000,000 and the supply is 1,000 coins. the two situations are identical. The coin in the second scenario isn't any better or worse than the one in the first scenario, the price of $1,000 or $1,000,000 is meaningless unless supply is also considered.

cosmofly

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I know that everyone is worried about the price of alts now. But keep in mind that this is what the sharks are doing, they are trying to push the price of the alts to a record low level before they push the price of it up again. This is the rule of a financial market and we need to understand it to choose a good time to buy. And this is a good time to buy and hold a few more months.

judeafante

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Quote from: romero121 on February 13, 2019, 12:22:11 PM

Today the price of ethereum and bitcoin cash has come close in value. By now the value of ethereum is $122.23 and Bitcoin Cash is found $122.61, and will the price of bitcoin cash fall further providing path for users to make a large scale investment on bitcoin cash moving from ethereum.

If you are a holder of both coins you are in a win situation, every holders of both cons don't care about the competition between the two coins as long as they can give profit, volume and development, I'm ok with Bitcoincash moving closer to Ethereum, but i don't think they can pull down Ethereum to it's position with the current development Ethereum is implementing.

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Quote from: gaston castano on October 03, 2019, 05:48:11 PM

Quote from: romero121 on February 13, 2019, 12:22:11 PM

Today the price of ethereum and bitcoin cash has come close in value. By now the value of ethereum is $122.23 and Bitcoin Cash is found $122.61, and will the price of bitcoin cash fall further providing path for users to make a large scale investment on bitcoin cash moving from ethereum.

maybe the value of bitcoin cash at that time was declining, yes I guess that is a good opportunity to buy because usually the value of bitcoin cash and ethereum differ quite significantly.
so this is the right moment to enter. But from market capitalization it will be difficult to pursue ethereum.

Quote from: YuginKadoya on February 20, 2019, 01:48:03 PM

There is one word for that, "Manipulation" although I don't know the reason behind why they are keeping on doing that,

So do you mean dev is manipulating prices to take profits or something like that?

Manipulation of each altcoins is depends on The support of every developer, but not derictly to manipulate the coins because I still believe every coins need to volume demends tradable in the market.

gaston castano

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Quote from: romero121 on February 13, 2019, 12:22:11 PM

Today the price of ethereum and bitcoin cash has come close in value. By now the value of ethereum is $122.23 and Bitcoin Cash is found $122.61, and will the price of bitcoin cash fall further providing path for users to make a large scale investment on bitcoin cash moving from ethereum.

maybe the value of bitcoin cash at that time was declining, yes I guess that is a good opportunity to buy because usually the value of bitcoin cash and ethereum differ quite significantly.
so this is the right moment to enter. But from market capitalization it will be difficult to pursue ethereum.

Quote from: YuginKadoya on February 20, 2019, 01:48:03 PM

There is one word for that, "Manipulation" although I don't know the reason behind why they are keeping on doing that,

So do you mean dev is manipulating prices to take profits or something like that?

hashman

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Quote from: jarhed on October 03, 2019, 03:49:25 AM

Quote from: omonuyak on August 13, 2019, 05:44:43 AM

Quote from: consideritdone on August 12, 2019, 10:15:11 AM

there is plenty coming from ETH for sure https://www.coingecko.com/en/coins/ethereum

This is good news. I also see ethereum recovery very soon and heading towards $300 as it is shown on the chart. I am not the fan of ethereum but I do believe that something is underway technically that might push it across $300.

Ethereum over the past month has kept the price well and for periods has even grown in value. It seems to me that with the fall of the altcoin market, Ethereum is not cheap now. I think that in the next month the price will not be above 250 dollars.

ETH is one of the strongest coin at the market. Everybody still expecting ETH will start the alt season. For BCH people waiting it may follow BTC while BTC increasing. By the way BCH/BTC already dropped after BSV hardfork. And following years we can see more hardforks and the range at BCH/BTC can be bigger.
By the way RTH is doing well. It crushed with all market but still one of the strongest one. My expectation is the price of ETH will catch the BCH at near future.

AjithBtc

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From the Op it is clear that during the month of February ethereum and bitcoin cash was close in value. Further the growth has taken place with small difference. The difference has grown higher after the month of April, when bitcoin began to grow gradually. Now ethereum sits around $180 and bitcoin cash around $225. There is not much of difference, but for large scale investors it will be a loss if invested in ethereum by that time.

jarhed

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Quote from: omonuyak on August 13, 2019, 05:44:43 AM

Quote from: consideritdone on August 12, 2019, 10:15:11 AM

there is plenty coming from ETH for sure https://www.coingecko.com/en/coins/ethereum

This is good news. I also see ethereum recovery very soon and heading towards $300 as it is shown on the chart. I am not the fan of ethereum but I do believe that something is underway technically that might push it across $300.

Ethereum over the past month has kept the price well and for periods has even grown in value. It seems to me that with the fall of the altcoin market, Ethereum is not cheap now. I think that in the next month the price will not be above 250 dollars.

omonuyak

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Quote from: consideritdone on August 12, 2019, 10:15:11 AM

there is plenty coming from ETH for sure https://www.coingecko.com/en/coins/ethereum

This is good news. I also see ethereum recovery very soon and heading towards $300 as it is shown on the chart. I am not the fan of ethereum but I do believe that something is underway technically that might push it across $300.

RealMalatesta

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Quote from: Cnut237 on August 12, 2019, 06:51:08 AM

I don't think the dollar price taken by itself is of much use when comparing one coin to another. Particularly when they have very different total and circulating supply, as this translates into very different market cap.

Similar coin prices don't mean anything by themselves.

Personally, I do not judge the development or progress of a coin by its dollar equivalent too because when we talk of the use of cryptocurrency, we have to look at the coin itself like you said and when cryptocurrency becomes popular or get chance to be legalized, Ethereum will be much more accepted by most organizations than BCH because BCH is just a fork of bitcoin

If people have to use anything crypto, they would rather go for the original version, and we know that most of these fork coins are just an extract from bitcoin, bitcoin will always become more used so as Ethereum too will always become more preferable to any other altcoins or any of its fork, so we can never compare ETH to BCH because of dollar value but of usage.

7788bitcoin

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Quote from: KennyR on March 13, 2019, 07:27:26 AM

Agreed, bitcoin cash had reached peak value of above $4000 when the market is completely bullish. Recently it went as low around $70 and showed sudden price increase reaching close to the value of ethereum. As in the quote the bear market made a big crash on bitcoin cash market than any other cryptocurrencies.

It is a spin off from bitcoin and people might have misunderstood bitcoin cash and bitcoin in the past and so was the reason the price raised to those levels, after knowing people might have dumped the coins in the market, even i dumped bitcoin cash when the price was high and since i was a bitcoin enthusiast i kept my bitcoin and sold off bitcoin cash at a profit as i got the coins when split happened, i am not expecting the price to go higher than those valuation even if that goes i do have a few coins to trade, be it bitcoin cash or Ethereum, even if it dies off i do not mind as i have made my profit in those coins and i consider it as a bonus if i can sell off at exuberant price Tongue

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consideritdone

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there is plenty coming from ETH for sure https://www.coingecko.com/en/coins/ethereum

MonaLeeTracy

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Quote from: jems on March 14, 2019, 01:18:11 PM

Bitcoin Cash and Ethereum are among the top coins in Coinmarketcap so it's not surprising that they are almost always in tandem because they have a good popularity in the crypto world.

Their position is indeed quite good on the board of cryptocurrency and currently the price is also declining. the price progress is still not that big and if we are interested in investing now it is right

Cnut237

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I don't think the dollar price taken by itself is of much use when comparing one coin to another. Particularly when they have very different total and circulating supply, as this translates into very different market cap.

Similar coin prices don't mean anything by themselves.

bocyaj

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It's not acceptable of Ethereum with Bitcoincash. And you should not compare based on the price of two coins. Their are lot of things to compare. Some of them are the demand of that two coins in market. The price movement of that two coin over a period of one month.

usekevin

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Quote from: romero121 on February 13, 2019, 12:22:11 PM

Today the price of ethereum and bitcoin cash has come close in value. By now the value of ethereum is $122.23 and Bitcoin Cash is found $122.61, and will the price of bitcoin cash fall further providing path for users to make a large scale investment on bitcoin cash moving from ethereum.

Even it get closer in his value,Ethereum is different and bitcoin cash is different. Ethereum had strong base and lot of emerging investors. But bitcoin cash had few investing fellow compared to the Ethereum. All new investors know about Ethereum, then of bitcoin cash.

D3m1r4wanti

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Both of these coins are coins that have a good reputation and their trading journey, so the competition between these two coins is very fierce.
Although the price of Bitcoin Cash is more expensive compared to ethereum, ethereum trading volume on coinmarketcap is still number 2 and of course it's still better compared to Bitcoin Cash

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Quote from: Fundamentals Of on July 31, 2019, 10:25:29 PM

The charts as of the moment are mostly green but take a look at Bitcoin Cash's. It is in red. I have never been a follower of Bitcoin Cash. In terms of altcoin support, mine is always directed to Ethereum more than any others. And overall, I still give credit to Ethereum for having innovated a lot as compared to Bitcoin Cash. It is a mere fork claiming to be the original.

in terms of prices, bitcoin cash does have a higher price than ETH, however, I also never became a supporter of bitcoin cash. however, innovation at ETH is really quite large. ETH sometimes provides considerable potential. besides, until now, ETH hasn't started the pump yet, so for now, my support is also located at ETH.

Once Ethereum goes 2.0 there will be another understanding why this cripto is the most powerfull (not only as a name like Btc, because it`s was first one..) but in therms of adoptation.
We have got many problems with Eth blockchain, but team is still working and we could see a real result, nice changes

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Quote from: Fundamentals Of on July 31, 2019, 10:25:29 PM

The charts as of the moment are mostly green but take a look at Bitcoin Cash's. It is in red. I have never been a follower of Bitcoin Cash. In terms of altcoin support, mine is always directed to Ethereum more than any others. And overall, I still give credit to Ethereum for having innovated a lot as compared to Bitcoin Cash. It is a mere fork claiming to be the original.

The price for Bitcoin Cash and Ethereum was almost the same for a long time. Everything started when the first Bitcoin Fork appeared. However, despite their costs, ETH is chosen as the most trusted and loved by many people altcoin. Bitcoin Cash is blamed in everything, even for the attempts to steal the real honest name of Bitcoin (the fork's father).

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