Topic: Is the price of ethereum dependent on bitcoin? - page 13. (Read 5185 times)
I don't think so. The ETH have the alternative sources to grow up, when btc just still going down. It is strange for me, that two coins depend by each other.
I do not know how they are related, But the ethereum is very dependent on bitcoin. Because when bitcoin falls, the ethereum falls after him. They have a great dependence, I believe that this will continue for a long time.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
It has long been believed that the price of Bitcoin has a direct impact on the value of other virtual currencies. In the event of a growth or decrease in the bond, albeit with a slight delay, other coins, including the Ethereum, react to price changes. So on the question whether the Ethereum depends on Bitcoin, we can answer positively.
In the Reality, it's not true that particular coin prize dependent on the Bitcoin or any other. It's just a normal thing whenever any news impact on the market, whether it's going or up-down people used to take reference of good coins like Bitcoin. That's the thing really matter in price change for others. Even when Bitcoin go down that time many coins got good uptrend. Maybe that time people want to invest in other coins. In the last days, Even ETH was more down over to the Bitcoin. Even many times Doge-coin was up when the market swimming in the red ocean.
I think that not only Ethereum depends on Bitcoin but all altcoins, such as the US dollar that can influence other currencies in the world, I think indirectly Bitcoin is like that.
Dollar? Why should it depend on the altcoins or Bitcoins? I do not believe that there is some connection here. yes, all of the tokens' prices always follow the price of BTC but fiat does not do it ever.
The price of Ethereum does not depend on Bitcoin. The price of Ethereum depends mainly on the application of ICO! And Ethereum is gradually losing value because of the downturn of ICO!
I believe that Ethereum will not be too dependent on Bitcoin in the future. It will have its own development and look forward to the future development of Ethereum.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
It is just right when the BTC dominance is higher 50%, the price of Atlcoins will depend on Bitcoin quite much. And this trend will decrease when BTC dominance is shortened
Yes right, all eyes are always on bitcoin, when the price goes up it can be ascertained that altcoins prices also go up and vice versa, actually too much dependence on bitcoin is not good so I hope that someday all coins and tokens can be independent and not depends on bitcoin.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
I think it's wrong, not Bitcoin affects the price of the ETH but the total market capitalization affects, if the total capitalization grows, the price of the ETH and other coins grow, if it falls, then the price falls too
The price of all cryptocurrencies is dependent on bitcoin as well as this whole digital money market is affected by the BTC price, so Ethereum depends highly on the movements of bitcoin
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
In 2017 or earlier, maybe the ETH price was depending on the BTC price. But for now, you can check at the market, ETH price is not depending to BTC price anymore. When ETH was falling drastically, the BTC price was falling slowly and not surpassing below $6k.
Previously I did not believe that the price of ethereum depends on the price of bitcoin in the market. But now, I believe that the price of ethereum is really based on bitcoin price. It's my self proving that, when the price of bitcoin was increased, the price of ethereum was also increased. So I can say ETHEREUM is the shadow of BITCOIN.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Thats true mate, ethereum price movements are influenced by bitcoin. But what needs to be underlined is not the only bitcoin factor. Another factor is the decline in investor confidence in an ICO
I think the value of Bitcoin has affected all cryptocurrency markets. But they only affect a little. The value of Ethereum is still a problem, probably because the whales make the value of it drop.
According to what happened so far when Bitcoin fell. ETH and Altcoins declined. But recently Bitcoin's rate of decline was much slower than ETH. ETH decline fast and slow price increase and when will ETH will not rely too much on Bitcoin in the coming time?
I think that not only Ethereum depends on Bitcoin but all altcoins, such as the US dollar that can influence other currencies in the world, I think indirectly Bitcoin is like that.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
It is just right when the BTC dominance is higher 50%, the price of Atlcoins will depend on Bitcoin quite much. And this trend will decrease when BTC dominance is shortened
for the price of each coin, depending on the trend that is happening in the public
if the ETH trend is good and the BTC trend is normal, then the ETH price will rise more sharply than BTC, and vice versa
Bitcoin and Ethereum are actually almost the same, the only difference is the service provided. And for stability, BTC is more stable than ETH, maybe because of different prices, namely 1 BTC = 6000 USD, 1 ETH = 200 USD (September 15 rate)
if the ETH trend is good and the BTC trend is normal, then the ETH price will rise more sharply than BTC, and vice versa
Bitcoin and Ethereum are actually almost the same, the only difference is the service provided. And for stability, BTC is more stable than ETH, maybe because of different prices, namely 1 BTC = 6000 USD, 1 ETH = 200 USD (September 15 rate)
The real truth is that the price of bitcoin plays a vital role in determining the price of altcoins, this is so because bitcoin servers a store of value and most people buy bitcoin the first time they join the crypto space
Surely the value of BTC is very influential on other Altcoins. The BTC value determines all values in the altcoin. Hopefully, the value in BTC this year will soar again and all altcoins certainly get the impact.
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