Topic: Is the price of ethereum dependent on bitcoin? - page 43. (Read 5185 times)
Thanks for the good formative saying... I thing the price of ethreum is not depend on Bitcoin actually is separate price I believed.
Not only the prices of ETH, but also that of almost all the other crypt-coins are either directly or indirectly dependent on Bitcoin. For many of the coins, the currency trading pair with fiat is not even available and the only option is to trade them with BTC.
Ethereum or most other coins are not dependent upon bitcoin as such. However, Bitcoin is the leader of cryptos so the entire sector rises or falls with it generally.
personally, I think if bitcoin is the embodiment of cryptocurrency so every time the BTC price change it pulls almost everything else after that.
so do not be surprised if the price of every altcoin depends on BTC and will continue that way until the market is stable and regulated.
so do not be surprised if the price of every altcoin depends on BTC and will continue that way until the market is stable and regulated.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
If we observe the market from the beginning of this year, it seems we can not deny it. Although the percentage is not exactly the same, but I think this is enough to make a conclusion.
I think ethereum price depend on bitcoin price if you observe the market if bitcoin dip ethereum price dip also due to this eth price depend on bitcoin.
I have always been amazed at which other coins responds to either rise or dip in the price of Bitcoin. I came a conclusion that in as much Bitcoin is widely know and used, even on exchanges, then it's actually playing a significant role in the determining the changes that happens to other coins prices.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
This is 100% true if you observe coinmarketcap chart daily it would be clarified to you that when BTC goes up the same attitude is exhibited by other coins and vise versa.Ocassionally it happens that BTC & ETH goes opposite.I can conclude that entire crypto market price is dependent upon BTC.
I have always been amazed at which other coins responds to either rise or dip in the price of Bitcoin. I came a conclusion that in as much Bitcoin is widely know and used, even on exchanges, then it's actually playing a significant role in the determining the changes that happens to other coins prices.
Sadly yes my friend
most altcoin including ethereum indeed bound by the bitcoin. Basically when bitcoin ride or down then the altcoin will also follow suit. so sure though want to altcoin up, be it the bitcoin however ethereum down then the increase will not have a big effect because it is clouded by the magnitude of the bitcoin.
So far the answer to that question is still YES. They practically always rise and fall at the same time. The only differences are the percentage points of the movement one can be far greater than the others. I would expect in another year or two that they will move more independently.
i think price of ehtereum is depend on the trade market down or up!! bitcoin have big down and big crash !! ethereum not so down!! its depend on the sales or trade of the price of ethereum!! thats what i thinking!!
The trend had been like that since ethereum was launched except by January 2018 that the price rose to 1500. I can't explain how it rose so high against bitcoin but at this price people predicted a fall to 300 and it had gone as low as 375 but not at the same fall rate with bitcoin. The trade volume had always been high and ICO had always requested for it more than bitcoin. I am still struggling to understand why it found itself so bitcoin dependent.
I think it was,this is my only observation about ethereum price,but now im still wondering why many other token was depending only in the price of bitcoin,so what if if bitcoin price was still in the dip so the market of crypto was still red too?
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Unconsciously, today we always find the same pattern in crypto price fluctuations, especially in the first layer.
Probably not directly, but I think this kind of indication will become a trend in the future, and form an opinion that Altcoin's price will depend on Bitcoin.
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Without gathering more resources then I think you realize it yourself and maybe if you have long been in the crypto world so many examples for it, of course with many provisions that the exchange itself for Bitcoin, I think it will at least have an effect, all prices depend on Bitcoin where Bitcoin is the most desired coin and king of all coins, worried about the decline of Bitcoin will be anxiety for all investors of any kind in this world, not only Ethereum but all will be in influence. Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
It is still true even if Etherium is a bitcoin contender. Bitcoin actually acts as a market leader and when it fails, the whole crypto market fails together and that's why we see they go in the same direction.
Yes, I think the BTC is the king of the cryptographic market, they will reduce the altcoin altogether and with ETH, I think they will grow again in the future.
Hello bro , I mean your answer are not correlate with the question. what do you mean reduce all of of the altcoin ? the situation all not always exactly like that .
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
in general condition, all the coin’s are depend on bitcoin price. As we know with the market condition now, ethereum and bitcoin are in the same situation (price down). But the other hands another coin are in Pumping mode like (LATX , etc). so the condition are relative Jump to: