Topic: Is the price of ethereum dependent on bitcoin? - page 14. (Read 5185 times)
The prices of all altcoins depend on BTC price. It is the fact which is shown recently. BTC has fallen almost by 3 times for the last eight months, and the price of ETH has fallen even more. Altcoins can't constantly grow if BTC falls. BTC is the stablest coin on crypto the market.
It can be said that, although ethereum users continue to increase and are widely used to make various projects but the global market is certainly very dependent on bitcoin, if there is a negative sentiment about bitcoin, investors will assume that all altcoins are the same.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Maybe it's still because I see ethereum prices always follow the price of bitcoin. I still believe in Bitcoin and Ethereum, so I still hold both of them until the price will be high.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
because most people have their own mindset and many people say the same thing with what you ask even I think like that that the prices of btc and eth have a relationship with market prices
I don't think so, because although ethereum is dropping enormously at the moment, those movements in the figures were the product of different things to the bitcoin drop or rise because lately, bitcoin has been very good despite the drop in ETH, so I think the two are not correlated.
I once thought that bitcoin was the basis for the value of almost all crypto coins because bitcoin is the father or mother of crypto. the dependence to convert the value of one coin to bitcoin is the basis they will still continue to use bitcoin
the influence of bitcoin on Ethereum can be easily seen on the price charts on the exchanges. and bitcoin has an impact on all altcoins
Very often this is true. But there are also other factors that affect coin prices. Bitcoin is able to influence the entire cryptocurrency market.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Not only ethereum will follow the price of bitcoin but also includes all altcoins are affected when is bitcoin price comes either goes uprise or goes downfalls the whole cryptocurrency are affected because all altcoins are base on bitcoin value.
That's only my own opinion😀😀
The prices of all altcoins depend on BTC price. It is the fact which is shown recently. BTC has fallen almost by 3 times for the last eight months, and the price of ETH has fallen even more. Altcoins can't constantly grow if BTC falls. BTC is the stablest coin on crypto the market.
It's not that ethereum price is completely dependant though. There's always a time when ETH going the opposite direction to BTC and I think that if BTC go down it will emotionally affect ETH holders aswellsince most of them still consider bitcoin as gold of cryptocurrency that need to be reserved by them. People are just freaking out when crypto market decrease, it's like they try to bag btc as much as they can than altcoin.
Maybe, those competing cryptocurrencies must remain long term however those shall not stay user's optimal election for normal guys pointing to revenues first few weeks seeing the environment use cases plus nowaday's professionals reduced participation.
I have no doubt that Ethereum depends on bitcoin price. bitcoin has a huge impact on all altcoins
Frankly speaking, the price of all altcoins depend on Bitcoin. for BTC dominance is over 55% and growing everyday.
Well, bitcoin dropped and ethereum dropped too recently, and now they are recovering at pretty much the same pace so I still think there is a relation between them, however, other altcoins do seem more independant day by day.
I believe that they are all interconnected. The Bitcoin price is directly proportional to the other Altcoin. So everyone is waiting for Bitcoin's growth)))
BTC has a huge dominance on the market so it affects the growth of Altcoins very much and it can be seen in the last months.
The prices of all altcoins depend on BTC price. It is the fact which is shown recently. BTC has fallen almost by 3 times for the last eight months, and the price of ETH has fallen even more. Altcoins can't constantly grow if BTC falls. BTC is the stablest coin on crypto the market.
Time shows that it depends. If we look closely, we will see that the cost of bitcoin has increased by 500% in the last year and more than ten times the cost of Etherium. However, Etherium is growing even faster, but not so much to overtake and surpass bitcoin.
Ethereum is growing fast. Bitcoin is also growing fast, it does not need to be replaced by any coin this year.
Of course , compare the graphs , even they are almost the same, bitcoin is very certainly affects all the coins, he is the Creator of all that is now on the market .
I don't think so but I am not sure because they are competitors and both are enough powerful. To my mind, it is better to use btc than ether but most traders advise to consider investing in ether as well
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