Topic: Is the price of ethereum dependent on bitcoin? - page 37. (Read 5185 times)
I think the whole market is running with the bitcoin position if the bitcoin is down market is down and if it is up market is up so i think ethereum price depends on bitcoin. To most people, bitcoin is the only major cryptocurrency of value.It's unfortunate but that's the reality.There's this notion that if bitcoin fails, every other cryptocurrency will fail too.That's the reason why people panic sell when they see the price of bitcoin becoming low.
Yes and all alts are depends on the price of bitcoin. That's why whales are playing at this point we might see a lower low price and i'm very positive to buy at that price probably 5000+ or even 4k usd.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Maybe yes and no, we can't really tell if a coin is really dependent with Bitcoin but because it there will be no altcoins in the market. In my experience, once I get my bounty reward I usually trade it with Bitcoin before encashing it because it's the only cryptocurrency that is supported by our country as well as the Etherium. I trade my altcoins from my bounty to Bitcoin or Etherium because of their potential growth wherein I will be able to maximize my profit margin.
I do not know the exact reason why the prices of all altcoins depend on bitcoin, but all this time I see that if bitcoin declines, the price of ethereum also decreases, so if bitcoin prices increase, the ethereum also increases slightly.
The whole market depends on the bitcoin price policy and follows it
The price of the ether is followed by bitcoin, which is for a long time, and it can be seen that it will remain for a long time to come. Unless one day the ether is strong enough to surpass Bitcoin, then it is possible to get out of your own independent trend.
that's the way things are going. altcoin many who adopt about bitcoin and arguing that then other ethereum and altcoin almost always follows the movement of the bitcoin. even the bitcoin also gave a nice impact in the market and certainly if bitcoin crowded then another crypto will also have the same fate and vice versa.
Price of bitcoin directly depends on investments of fiat money in crypto economy (crypto market capitalization). More money in crypto economy - higher price of altcoins. Now almost all altcoins (including ETH) repeat movement of bitcoin.
all coins are tied to bitcoin , I tried to understand why this is happening but unfortunately I did not find the right answer
Per what I have noticed on most exchanges, I think price of other altcoins depends on bitcoin. This is so because, when you visit these exchanges, you could see that almost all altcoins have been paired with bitcoin and the behaviour of bitcoin reflect directly on those altcoins. Again, as people invest into bitcoin, they become expose to other altcoins because of the pairings and they begin to invest into altcoins. With this, I think at a point where bitcoin demand is low, it affects altcoins value and vice versa.
Every altcoin follow bitcoin ups or downs and ethereum is not an exception because same rule apply to all altcoins. Whenever bitcoin start dropping whole market comes to the grip of bears and altcoins drop more then bitcoin and vice versa happen when market is in bulls hands.
The price of every single coin and token which obviously includes Ethereum depends on Bitcoin in some way or another since Bitcoin has laid the foundation for this market whether people agree or not. For example, Ethereum reached a new high when Bitcoin skyrocketed close to $20k last December which itself shows how dependent it truly is on Bitcoin. The current dip in value of Bitcoin which has clearly affected Ethereum is another example.
what makes you think that bitcoin only affects Ethereum ? bitcoin affects the entire market
Bitcoin has a great influence on the price of the ether. All altcoins are like this, but the ether also has its own trend. It has its own route and does not follow Bitcoin completely. Because they are competitive.
All altcoins are now valued in bitcoin. especially eth, so bitcoin is still number 1 here
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
well, I dont think that way, its the opposite, if the price of bitcoin decreases, the whole market is highly affected. even ethereum, the only thing that can increase their value is not for bitcoin to increase, but to increase also their demand. 
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
It is true and not only ethereum but other altcoins also depends on bitcoin too, if the price of bitcoin going down, ethereum and other altcoins will go down too and vice versa. Just look at the market, you will see its real happen.
all crypto is associated with bitcoin . and the whole crypto market follows the price of bitcoin
I think it's not just Ethereum that have price-dependence with bitcoin, all altcoin depends on the price of Bitcoin, I do not understand why all altcoin is affected by the decline and rise in Bitcoin prices, I think this makes crypto unpleasant, all altcoin should be independent and unaffected by Bitcoin .
I think to be very independent already, this is digital money where one of the most powerful money will be the benchmark of the other money. which is an independent right is the ability to make coins useful and have value.
All cryptocurrencies depend on Bitcoin, which is inevitable. I can't explain the reason to you because I don't know. I found out through my experience that often the other cryptocurrencies will rise when bitcoin prices rise. Ascending, falling also the same
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