Reasons why Ethereum keep rising while Bitcoin on a stable mode - page 3.

milewilda

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Quote from: BIN-BIN on September 01, 2021, 02:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Different markets in short!
They arent correlated from time to time which ETH could move its own and Bitcoin could move its own and this will always vary on the demand itself and this isnt surprising and if you are just new into to this market
then you should really get used into these kind of movements and better try to make some move which would really be beneficial for you since volatility will always be the key for you to earn but also it does have some risk on losing money too.Bitcoin had some significant movement on past days and now it is moving sideways again and we dont know if there would be some break out on 50k price and go ahead to its previous ATH.

Scripture

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Quote from: letyouearn on September 04, 2021, 11:20:56 AM

Altcoins usually begin to grow fast after bitcoin becomes stable after nice growing period. Money moves from fiat to BTC and then to altcoins. If the altcoin season is long enough, even weak and crappy coins begin to shoot.

Exactly, if the price of Bitcoin stabilize on a good level the altcoins trend will begin and now BTC and ETH are both pumping reaching their peak after the dump months so I think it will still be hard to say if ETH really moves better with Bitcoin, they are both great to me on a great price today. There's a lot of reasons to be consider honestly, its just that we are too focus on the price.

blockman

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It also includes the other altcoins pair with Ethereum. But with such news about Ethereum including the 2.0, the continuous burning per transaction. Those that have bitcoin also consider buying Ethereum because it's all about how bullish and profitable is that.

Quote from: letyouearn on September 04, 2021, 11:20:56 AM

Altcoins usually begin to grow fast after bitcoin becomes stable after nice growing period. Money moves from fiat to BTC and then to altcoins. If the altcoin season is long enough, even weak and crappy coins begin to shoot.

That's right, the most money that is coming into the market is from fiat and then converted to bitcoin as usual. Then there's the pair goes for BTC/eth which is true with what OP has said.

jostorres

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Quote from: BIN-BIN on September 01, 2021, 02:42:57 AM

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Bitcoin bull run has lasted more than we even expected, so this is the time for alternate coins. For the past days now I have not used a huge increase in the price of alternate coins, coins like Tron, Ethereum has been increasing really well. Bitcoin has also been increasing but the increase hasn’t been much Compared to alternate coins. You should check the market chart for a month you will notice that in the price of alternate coins there has been up to 50% increase for most of them. Though we don’t know how long this is going to last, it’s quite possible that they will plummet next month. But let’s keep hoping that they will increase more and more.

letyouearn

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Altcoins usually begin to grow fast after bitcoin becomes stable after nice growing period. Money moves from fiat to BTC and then to altcoins. If the altcoin season is long enough, even weak and crappy coins begin to shoot.

Ever-young

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I agree with you in some ways, the ETH pump are not just determined by those facts, its is also being sponsored by it's regular adoption growth and the price prediction seems really fair, which we are expecting a rise way much more than this, in the near future.

zasad@

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Quote from: cryptoknows on September 04, 2021, 04:43:58 AM

Quote from: BIN-BIN on September 01, 2021, 02:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

One way or another, that BTC and ETH are obsolete blockchains that are already overfilled in their volume. It is very sad that many people entered last year at a very low price of about $ 300-500, and so far large holders have not taken profits. This will undoubtedly happen sooner or later and many erc-20 tokens will depreciate. Therefore, it's time for people to think about stopping the thoughtless overfilling of Eth and turn their attention to new blockchains, which are already technologically better than the ETH network by a thousand times. I'm talking about Solana, Near Protocol, Matic. In these ecosystems, you can be absolutely completely separate and invest in many internal tokens that do not depend on Eth.

"Polygon/matic is a sidechain based scaling solution for public blockchains."
https://docs.matic.network/docs/home/faq/
Matic is the level 2 solution for Ethereum

Solana is very overpriced and liquidity is very low in this ecosystem.I haven't used Near Protocol yet.

cryptoknows

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Quote from: BIN-BIN on September 01, 2021, 02:42:57 AM

Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

One way or another, that BTC and ETH are obsolete blockchains that are already overfilled in their volume. It is very sad that many people entered last year at a very low price of about $ 300-500, and so far large holders have not taken profits. This will undoubtedly happen sooner or later and many erc-20 tokens will depreciate. Therefore, it's time for people to think about stopping the thoughtless overfilling of Eth and turn their attention to new blockchains, which are already technologically better than the ETH network by a thousand times. I'm talking about Solana, Near Protocol, Matic. In these ecosystems, you can be absolutely completely separate and invest in many internal tokens that do not depend on Eth.

ChaoChibai

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Quote from: kaseygriffin on September 04, 2021, 01:50:37 AM

So you want it to happen at the same time, we all see how BTC is recovering from the big drop, and now the altcoin rally is next.
I don't think it's a problem to analyze when looking at the current state of the market everything is great, now there won't be a lot of people who believe that the price will drop.

I also think the same way, I think the price of bitcoin is also gradually increasing over time and right now the price is $50,000. I think this is such a good news for us, the increasing price of bitcoin will unlock the potentially increasing price for the alts too and we can see the green chart in the market.

kaseygriffin

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So you want it to happen at the same time, we all see how BTC is recovering from the big drop, and now the altcoin rally is next.
I don't think it's a problem to analyze when looking at the current state of the market everything is great, now there won't be a lot of people who believe that the price will drop.

Ozero

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It seems to me that the reason for the current price growth of ethereum compared to the growth of bitcoin is primarily the successful update of the ethereum network and the expectation that this coin will soon continue to grow both in popularity and in price terms. Ethereum is expected to rise in price to ten thousand dollars or more soon. Bitcoin already has a high price and it will be difficult for it to increase several times in price, as ethereum is supposed to do. Therefore, the possible and expected profit from ethereum can be higher than that of bitcoin.

MrcMrc

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To some extent I agree with you on this because the ethereum to dollars exchange is relatively low compared to its Bitcoin pair, at some point I was thinking and believe that we are in the ethereum season but reading through this thread made me dig dipped in research and I found out ethereum is gaining in it bitcoin pair that is the reason for the present ethereum rise when bitcoin is down in red.

BIN-BIN

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Many people will believe that this is altcoins season reasons most altcoins such as ethereum rose to $3’500 and above which represents a 7.90% rise.

As a crypto analyst, I took my time to analyze the market and have realized that the ethereum to Bitcoin pair has generated the increase in the value of ethereum so Bitcoin ultimately is the background for ethereum rise and not the US dollars as ethereum to dollars pair is suffering a relative decline in price just like Bitcoin.

In conclusion, the ethereum bull will only last as long as the Bitcoin ethereum pair stay down, but how long will bitcoin resize before picking up against the dollars?

Topic: Reasons why Ethereum keep rising while Bitcoin on a stable mode - page 3. (Read 425 times)