Topic: Is the price of ethereum dependent on bitcoin? - page 2. (Read 5185 times)
if you look at the market, you will see how the price of ETH follows the price of bitcoin, which indicates a large impact of bitcoin on the price of ETH.
The price of all altcoins not just ethereum depends on bitcoin price. Any little change in bitcoin price, you will also see a direct proportional change in ethereum. Bitcoin price went down just days ago and immediately ethereum price fell also.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
This is true, and it is because ethereum has trading pairs with bitcoin so anything that happens with bitcoin is bound to happen with ethereum. Most of the time the coin is following the price of bitcoin but there are a few exceptions where it does seem like ethereum breaks a little bit from bitcoin and goes its own way, which is what happened a couple of months ago when the price of ethereum went down
As far as I'm concerned, ETH is now independent, and prices are heading down but BTC is still standing at $ 6400. So I think that over time, we will see the current market in a different direction.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
It was so, when ETH was young, but when ETH started to grow rapidly, connection was lost and now I cannot see any connection between them.
Indeed, the increase in each coin depends on the ability of each coin itself. But, bitcoin is their benchmark in developing. Bitcoin is like the crypto leader, where every bitcoin stream will be followed by all the coins in crypto. If bitcoin decreases, it becomes a very critical time for all coins to work with all their might to survive. When bitcoin prices increase consistently, all coins will easily increase their value.
It is not likely like that. Because these two giants, ethereum and bitcoin are not dependent on each other, unlike compared to other tokens. They two have a unique price movement. But I agree that these two are the leader of price rates of the below tokens and coins.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Its obvious that most of the crypto currencies including Ethereum are all dependent of Bitcoin price in which you could seach of the market yearly performance and history in which everytime there is pump and dump of Bitcoin price it will always create a domino effect to Altcoins that with this situation we could say no Altcoins could really supersede Bitcoin market.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Bitcoin is the symbol of the market. Only few altcoins are able to show stable growth during the BTC price fall, and ETH is not the one of them.
if you see from several cases when BTC has decreased in price, ETH has also experienced a decline in prices, but when BTC experienced an increase in ETH prices it did not experience price increases, which makes me unsure if the development of ETH prices depends on changes in BTC prices
Ethereum is a good coin, I think all coins and not just ethereum will follow the price movements of bitcoin, when the market is red, I can see bitcoin and other alcoins will be red. Bitcoin prices do affect the market situation, as in 2017, after the price of bitcoin rose, the altcoin price also rose
It seems to me that the price of any coin depends on Bitcoin. It is impossible to consider some kind of coin without correlation with the most important coin - Bitcoin.
The price of Ether is very tied to bitcoin, because most of the trades are in a pair of Ether-Bitcoin. In early 2018, when Ether was very much in demand for ICO, it was bought mainly for fiat money and prices were not correlated to the same extent as it is now.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Bitcoin is the symbol of the market. Only few altcoins are able to show stable growth during the BTC price fall, and ETH is not the one of them.
The price of most of the altcoin not ethereum alone depend on whether bitcoin rise in price or not. When bitcoin drop in the crypto market ethereum price also fall on the market immediately. I have been observing this for a while now when bitcoin red all altcoins becomes red also
Cryptocurrency market is experiencing a capital inflow when the market is dominated by the flight from risk, and decrease when interest is growing in risk. So far, this dependence is weakly expressed, but it exists, and it can be used to predict interest in cryptocurrencies. Personally, it seems to me that large capital refers to bitcoin as a protective asset. And in moments of uncertainty with the market, many pour their assets into bitcoin, thus many altcoins and Ethereum including lose in price. The proof of 54 % of the market capitalization belongs to bitcoin
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Bitcoin is the symbol of the market. Only few altcoins are able to show stable growth during the BTC price fall, and ETH is not the one of them.
Now the fragile period of Ethereum, it does not have the ability to stand alone, at least lost this ability. In 2017, Ethereum can force Bitcoin to take off, but now the market has changed, it must Relying on bitcoin can rise.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Yes the price of ethereum is still dependent on the price of bitcoin, that is because bitcoin is the coin that influences all of the coins, it has the highest value of all of the coins and it was the first coin so it is only normal that the value of all the altcoins are compared to the value of bitcoin. This is because there are trading pairs between bitcoin and ethereum
I remember when ETH took nearly 32% of the market's dominance, no one thought that ETH's price could be affected by Bitcoin again. After a lot of ups and downs, ETH has returned to the time affected by the price of the BTC as all remaining altcoin
Jump to: