Topic: What causing ETH to stall as BTC amlost touched $20k? (Read 581 times)
Now trend going towards ethereum already crossed 820$ bitcoin going in reverse trend 1600$ . Now competition between ethereum and Bitcoin cash bitcoin cash price increasing rapidly chances fail any moment but ethereum going slow and steadily.
The market is irrational, it's impossible to tell. Right now its pretty clear that bitcoin has the attention of the entire market though, with most alts down 20-30% in their btc ratio. And with ethereum is no different - there will come the time when the attention shifts from btc to alts, and then we'll see them thrive at least for a while.
One more observation I see is LTC follows BTC when it raises, and ETH and other Altcoins goes south.
What causing ETH to stall as BTC amlost touched $20,000 this morning?
Hype around BTC surely impacts Ethereum. I guess that guys, who have Bitcoins and altcoins in wallets, did not sleep at night 7-8 December. This insane race of BTC really pushes all alts and Ethereum down. However, it must not affect ETH very much. Soon it will start gaining again.
eth currently has a congestion network problem and about btc because common people who just know recently curious about btc rise in the big media and maybe many of them try to buy btc, minor factor would because of the newest Trump controversy.
Futures trading is boosting the speculative prices of bitcoin.
ETH is stalled due to speed bottlenecks.
You may vote EIP of T.IM to increase efficiency & speed of ETH here: https://bitcointalksearch.org/topic/m.25382657
ETH is stalled due to speed bottlenecks.
You may vote EIP of T.IM to increase efficiency & speed of ETH here: https://bitcointalksearch.org/topic/m.25382657
What causing ETH to stall as BTC amlost touched $20,000 this morning?
Bitcoin at the end may killed every other coins including ethereum and remain the only crypto currencies especially if the current momentum is sustain. Traders and investors are converting there altcoins holding to Bitcoin because they believe in bitcoin they investment is safe and very sure of higher return in profits. Ethereum, holders are dumping it for bitcoin in other not to be left behind in this current pumping and acceptability of bitcoin worldwide.I don't think that bitcoin will be the only crypto currency. Alt coins has their own purpose and it is helping bitcoin to be recognized in the whole world so bitcoins and "legit altcoins" can work hand in hand to succeed in their goal as a currency. But when it comes to those forked coins I don't think that it can go near bitcoin.
The ether to btc ratio is insanely low at the moment. I think once the majority of people realize this, they will transfer their btc gains to ride the next ethereum wave. Of course predicting the market is impossible, but thats what i'd do (and been doing the last few days)
When bitcoin rises that much it means almost certain stall or fall for altcoins. Because people are dumping their altcoins to catch the bitcoin train before it's too late. Yes ethereum is not an ordinary alt coin that's why it rised aswell with bitcoin but then these ethereum network problems started and people could not make transactions they wanted. I guess that's the main reason why ethereum did not continue to rise like it used to.
The ethereum network congestion seems to be the major cause that keeps the price of ethereum without reaching higher value even after crossing $450 and getting closer to $500 weeks back. Till now there is not much of growth with the price, on the other side bitcoin continues to peak high. Maybe when the network issue gets sought, the growth might get initiated.
First is that the Big borther BTC is moving and this is not perculiar to Ethereumit is all the coins, I could remember I bought mine last Ethereum at 0.07BTC now it is less than 0.027BTC
The reason might be BTC is better at some point. Some ICO is invested by ETH then they will sell all. That is why ETH price will not be much different rather than bitcoin.
Have no fear. Although the cats caused a storm - its a leaning process. Ether will be back but even strioonger than before once they get past this one.
This is the entire world of crypto-currencies, unpredictable, uncontrollable and shifting are most common events that caused slightly and sudden changes.
Like Bitcoin sudden surge and the slight dumps of the Altcoins and even the Top Altcoins are not exempted by these sudden changes.
But still the whole market doesn't affected because what happened today and the past can be learned and other parties are on their way to counter that will lead them to adjust.
Bitcoin, Altcoins and the entire Cyrpto-Currency technology is the best innovation happened this decade and will transform new image and setup of monetary in the future so everything can be learned and companies should adapt and act wisely.
The market is irrational, it's impossible to tell. Right now its pretty clear that bitcoin has the attention of the entire market though, with most alts down 20-30% in their btc ratio. And with ethereum is no different - there will come the time when the attention shifts from btc to alts, and then we'll see them thrive at least for a while.
Indeed and I agree the statement. Bitcoin and Crypto-Currency isn't predictable although some of them are manipulated by Traders and Big Whales but there's a sudden change and effects when it comes when one currency is surging and the others were dumped. everything was connected together after the event and will affect the future market. That's why Wallstreet is starting to involve although they knew they can't fully manipulated the entire cyrpto world.
Have no fear. Although the cats caused a storm - its a leaning process. Ether will be back but even strioonger than before once they get past this one.
Wallstreet are joining our community they are pouring billions of money into our trading system thats why btc gone wild right now.
Wallstreet was thinking they can manipulate the world of Crypto-Currency but they couldn't. It is the fact that every Crypto analysts conclusions. They are only acting as the middle men for most of the products internationally but they cannot access the accounts and decisions of the people and they can no longer get any portion of the account that is owned by people through Bitcoin and Altcoins.
The market is irrational, it's impossible to tell. Right now its pretty clear that bitcoin has the attention of the entire market though, with most alts down 20-30% in their btc ratio. And with ethereum is no different - there will come the time when the attention shifts from btc to alts, and then we'll see them thrive at least for a while.
Bitcoin is the center of the eyes of Crypto-Currency enthusiasts, market investors and businessmen today due it's price surge that makes Bitcoin unstoppable and everyone has no idea how to stop it and when will it stop.
I thought that time Bitcoin hits the $10,000 mark it make Bitcoin to stop a bit and maintain the price for a long time but people would love to buy it even at $15,000 today. That's insane for an intangible thing in the internet but valued very high like a jewelry or a precious Gem.
Wallstreet are joining our community they are pouring billions of money into our trading system thats why btc gone wild right now.
Ethereum network helped Bitcoin to surge because Ethereum and Etherdelta experienced heavy volume of transactions that causes the Ethereum Network to congest. This way, the only ERC20 platform are using Etherdelta to dump their Altcoins in exchange into Ethereum and then Ethereun into Bitcoin.
That's what makes and helped Ethereum to surge the price of Bitcoin because most of the Bitcoin investment are not from the pocket of investors but most of them were came from Altcoins that is being shifted into Bitcoin.
That's what makes and helped Ethereum to surge the price of Bitcoin because most of the Bitcoin investment are not from the pocket of investors but most of them were came from Altcoins that is being shifted into Bitcoin.
its because a couple of rich fucks decided to drop a cool billion or however much into bitcoin and the price jumped..
dont worry ETH will probably have its moment in the sun soon enough
also, i would argue that the coins that didn't tank are not fixed at a dollar price because people are only hodling them as long as it takes to make whatever bitcoin ROI they seek before they dump and move on, and not because there is any actual faith in them
indicating they are less reliable and substantive in their potential to become anything more than vehicles for pump and dumps and other get rich quick schemes
dont worry ETH will probably have its moment in the sun soon enough
also, i would argue that the coins that didn't tank are not fixed at a dollar price because people are only hodling them as long as it takes to make whatever bitcoin ROI they seek before they dump and move on, and not because there is any actual faith in them
indicating they are less reliable and substantive in their potential to become anything more than vehicles for pump and dumps and other get rich quick schemes
The market is irrational, it's impossible to tell. Right now its pretty clear that bitcoin has the attention of the entire market though, with most alts down 20-30% in their btc ratio. And with ethereum is no different - there will come the time when the attention shifts from btc to alts, and then we'll see them thrive at least for a while.
Jump to: