Topic: Is the price of ethereum dependent on bitcoin? - page 18. (Read 5185 times)
To some high extent, It is not only the price of ethereum that bitcoin determine but also prices of other coins in the market, that is the reality, it no longer speculation, as long as things are still yet to be stable in the market.Bitcoin is the most relevant coin in the market till date ,so it has great influence on every other coin.. So bitcoin is a very powerful coin in the world of cryptocurrency.
To an extent, the market moves with the biggest coin/s (bitcoin), eth has been losing value against bitcoin recently though.
I agree with the opinion that the prices for altcoins depend on the price of bitcoin, but recently the price of Ethereum is in the worst position, and does not always grow with the price of bitcoin.
yes, price of eth rises after btcoin and gets low with btc.
Most of the altcoins depend on Bitcoin.
yes, the price of ETH depends on BTC.
Yes the price of eth is dependent on BTC.
Not only ETH, but all the altcoins dependent on BTC.
Most of the altcoins depend on bitcoin. The ethereum is no exception and also depends on the price of bitcoin.
In my opinion not only the price of Ethereum, but also almost all the other cryptocurrancy coins either directly or indirectly rely on Bitcoin. Because Bitcoin is the king of cryptocurrancy, where it is the first coin to appear on cryptocurrancy. In cryptocurrancy, Bitcoin has great authority in developing other altcoin trips.
The whole industry critobulus it depends on bitcoin and also ETH depends on bitcoin ! Reducing the price of ETH is only for this reason and not because no one needs ETH !
Such buying and selling methods are more exaggerated in Bitcoin and other crypto currencies because they are a new asset class. Nobody knows if suddenly one of the most influential countries on Earth will make it illegal or otherwise accept it. This means that more people react to small news events that should only have a negligible impact on prices.
Recently, there is a difference between the rise in bitcoin and ethereum prices, and I'm no longer sure that ETH is dependent on bitcoin, since it is in a worse position and the price is worse than the price of bitcoin.
In general, all coins are tied to bitcoin, so all the coins follow it strictly with changes in the price!
Support. Bitcoin one way or another always affects the other coins because it's the main asset of cryptocurrency. From which people go to the other and back.
In general, all coins are tied to bitcoin, so all the coins follow it strictly with changes in the price!
Yes, bitcoin does have a considerable influence on the growth of the value of other coins. But not entirely dependent on bitcoin. It is also based on personal ethereum, if ethereum has an ever increasing number of requests, ethereum values will also rise. Likewise the opposite. Bitcoin is only a reference, fully in the coin itself.
The cost of Ethereum isn't subject to bitcoin. The powers of interest and supply decide the cost of both ethereum, bitcoin and different digital forms of money. That the cost of bitcoin goes up doesnt imply that the cost of ethereum will likewise go up. We have a few instances of the costs of the two cryptographic forms of money going interchange ways and such doesnt show that the cost of one decide the cost of the other
I want to believe so, because ethereum has been fluctuating in direct proportion to the btc. Maybe someday in the future, ETH will find it's holding ground, but for now I think it's price is a reflection of the btc
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
This is the case in most cases. In fact, not only will ETH be affected by BTC price fluctuations, but coins in the entire market will be affected by BTC. However, sometimes Altcoin and BTC are exactly the opposite. This situation is based on the premise that BTC fluctuations are small or integrated.
In fact, Ethereum does not depend on the value of Bitcoin. Only those coins that rely on Ethereum can have such a dependency!
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