Topic: Is the price of ethereum dependent on bitcoin? - page 36. (Read 5185 times)
I think its not directly connected but of course Bitcon has a big impact on Eth and other altcoins. Thats my opinion.
According to the current market situation, I think the price of Ethereum is dependent on Bitcoin. I don't need to be surprised. I think it is normal. Bitcoin will rise and fall. All currencies will go up and down together. Bitcoin is so. Powerful, Ethereum wants to leave Bitcoin easily and grow up quickly. It is impossible at present.
Yeah but not so much as the smaller altcoins.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
if I think it is not true because there is nothing convincing about the hhal like the news is also not spread, bararti it is still confusing, I'm sure bitcoin will not be rivaled by any coin although ethereum is also a coin used by many people but, ethereum still under bitcoin and it is absolute if ethereum will not replace bitcoin.
It seemed to me or not? Last week ETH dragged BTC down in prices because of Bancor's problems, there were also EOS problems ... at this time bitcoin did not have bad news, but the whole market was red. Has ETH already started to influence the whole market?
Ethereum is less dependent on bitcoin price than all other altcoins, but it is still nonetheless dependent on bitcoin price to a large extent. Ethereum moves the way bitcoin does, just like the whole market, just a bit less.
All the altcoins are priced on Bitcoin. The value of Bitcoin can visually reflect the value of all coins, and its trend is also the trend of all coins. The rise and fall of Bitcoin will directly affect all the altcoins, and Ethereum is no exception.
The prices for all altcoins are closely related to bitcoin and their cost is variated depending on the cost of bitcoin.
I will also agree that bitcoin is the mother of all coins, its impact on everything when bitcoin rises, altcoins are growing too, as is Ethereum.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
I believe that the price of all the altcoins depends on the price of bitcoins. This is evident even at the moment. when the bitcoin price is growing, the whole market and virtually all coins are growing accordingly. Bitcoin is an indicator of the crypto currency market.
Yes, the price of Bitcoin influences the price of other coins too, like Etheriuum, LTC, because you can say that Bitcoin is the father of other coins.
In my own opinion price of other coins depends on bitcoin because anytime price of bitcoin went down, other altcoins prices will go down too, so even eth price also goes down too. but when the bitcoin price rises, other coins and eth will rise too.
Yes because those altcoins follows on bitcoin movement. The entire market is always dependent on the value of bitcoin because it is the main currency in cryptomarket.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Do not be surprised but the price of every altcoins are dependent on btc and it will continue to be like that until the market is stabled and regulated.
So literally just make convenient investment and trading and maintain the law DYOR
I believe Blockchain will eventually take over
the price of ethereum still lower than bitcoin price but ethereum has a high percentage than bitcoin so you can make a big profit from the ethereum. but still, ethereum depend on bitcoin for the adjusting and if bitcoin is down, ethereum will follow to get down but I think the down of the ethereum price is not too deep and the ethereum price can survive after the down.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Do not be surprised but the price of every altcoins are dependent on btc and it will continue to be like that until the market is stabled and regulated.
So literally just make convenient investment and trading and maintain the law DYOR
I believe Blockchain will eventually take over
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
I do not think it's because Bitcoin is dependent on Altcoin because every time bitcoin experiences something like a decrease and Altcoin always follows the Bitcoin movement as now the bitcoin price also decreases and Altcoin follows it
In my opinion, the price of any altcoin depends on the price of bitcoin (at least during the shocks on the market). You can see for yourself by looking at the graphs of these coins. At the same time, the price adjustment of ETH occurs almost immediately after a significant change in the price of bitcoin.
I have noticed on most exchanges, all coins in the cryptocurrency market are dependent on bitcoin, if the bitcoin price is down, other altcoins price goes down and if bitcoin price goes up other altcoin also goes up. The ethereum also depends on the price of bitcoin and when the price of bitcoin down, ethereum is also go down.
This is so true, that's true. I noticed that the entire market is dependent on Bitcoin by 90%. Worth it a little swing down or up, as the altcoins pick up his actions in double size.
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All altcoins are now valued in bitcoin. especially eth, so bitcoin is still number 1 here
All altcoins are valued in bitcoin since the beginning, what exactly your point?The fact that so many altcoins price are following bitcoin itself is kinda scary that considerinf the whales only need to manipulate bitcoin and the whole crypto market can be affected.
I suppose so. I've been watching the situation over the year and i think it is possible that ethereum's price is depends on bitcoin's. Because every time bitcoin was down so did the ethereum and vice versa. It's like bitcoin has the power to control the market. But nothing can control bitcoin. That's why bitcoin managed to stay in the first place everytime and have the role for other alt coins.
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