Topic: What causing ETH to stall as BTC amlost touched $20k? - page 2. (Read 583 times)
Everyone is jumping and investing into Bitcoin because of the recent price, where ETH has stalled because of crypto kitties. Don't worry it will come back strong, way I see it, ETH has been hit very hard and it's still over 400 a pop.
But eth doesn't depend on btc. That sounds somewhat strange for me..
Ethereum has network problems right now, and Bitcoin is heading for the moon - soon it will be $20K and i believe it's gonna be before 2018.
What causing ETH to stall as BTC amlost touched $20,000 this morning?
They vary independently of one another, so you can't expect ETH to increase proportionately or even simultaneously to bitcoin. A lot of the recent news with bitcoin is what is causing so much interest and investment lately, causing the price to go up; there is nothing new currently bringing new interest in mass-waves to ETH so the price is representing that through it's monotone attitude in the market right now.
Bitcoin has investors going crazy lately because of the futures trading that's being discussed and implemented. People get excited about the idea of forks giving them "cloned" coins, and everyone is getting involved as heavily ass they can because they've all heard the recent hype..
If bitcoins fees don't settle down soon, and transactions continue to struggle through confirmation you can expect ETH price to go up strictly because people want to be able to move their coins around. With that being said though the ETH network seems pretty congested as well, so that's definitely stunting it's growth currently because nobody wants to use an alt-coin with the same problems.
This is just the beginning, soon all Fiat currencies will be canceled and only bitcoin will remain! Which will stand insane money, as it is not enough at all
I think this is because of bitcoin. The price of bitcoin is rising madly at the moment, +2000$ in a day, +3000$ in a day. People don't want to miss this chance so I guess they sell their ETH to buy bitcoin. Also, it could be because of ETH is kinda slow lately, the transaction is taking too much time and the transaction fee is getting higher. Also could be because of there's a lot of bitcoin fork this month. People don't want to miss that one either I guess.
Check https://ethgasstation.info/ - minimum 0.5$ per transaction with waiting 10+ minutes, I guess thats the reason.
ETH is having a bad week due to Cryptokitties causing crazy high gas prices and stalled transactions. Lots of people lost confidence in it when one DApp can bring down the whole system. It needs to be able to scale because these kinds of apps will only become more popular.
As the advertisement about Bitcoin is increasing by the news channels. Bitcoin is attracting more investment without knowing it's business. ETH is a real coin and is under valued.
Everyone is hopping on the bitcoin train. We as holders are just fortunate that it didn't take a bad beating and stayed over 400.
This bitcoin rise was a good test of the alt's. The ones that didn't crash are good ones to hold for the future
I agree with you, a good reason why eth just paused because everyone jumped into bitcoin. but if we continue to watch slowly eth also start to make up movement. This bitcoin rise was a good test of the alt's. The ones that didn't crash are good ones to hold for the future
Most of the new money being dumped into Crypto is buying BTC. As soon as this settles down the alts will start to creep back up. If you're deep in alts right now just HODL.
But during the push towards $10K, when the btc price was increasing suddenly, the altcoins were all green as well. So back then, I was thinking bitcoin's increase was triggering an overall increased confidence in other altcoins as well. But the push towards $15K showed otherwise. Well perhaps not otherwise, but maybe there is no correlation between btc and altcoins after all?
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. 
When bitcoin get smart contracts ethereum might now be as useful.
Because the bitcoin is pure price determined by demand and supply. Limited supply while the demand continues to increase, it is no wonder the price goes up, unlike the etherium whose supply is unlimited, then the price tends to be stable.
Everyone is hopping on the bitcoin train. We as holders are just fortunate that it didn't take a bad beating and stayed over 400.
This bitcoin rise was a good test of the alt's. The ones that didn't crash are good ones to hold for the future
may be all people hopping on the bitcoin train and fork of BTC in next times, or now, BTC very attractive! This bitcoin rise was a good test of the alt's. The ones that didn't crash are good ones to hold for the future
ETH is too slow, because the user is getting more and more, but the speed of the ETH is not keeping up, so more updates are needed.
The reason why BTC price are icnreasing is because the wallstreet gangs are slowly investing their money in crypto,as you can see when at the u.s office horuse BTC pumps.
Most of the new money being dumped into Crypto is buying BTC. As soon as this settles down the alts will start to creep back up. If you're deep in alts right now just HODL.
Everyone is hopping on the bitcoin train. We as holders are just fortunate that it didn't take a bad beating and stayed over 400.
This bitcoin rise was a good test of the alt's. The ones that didn't crash are good ones to hold for the future
This bitcoin rise was a good test of the alt's. The ones that didn't crash are good ones to hold for the future
What causing ETH to stall as BTC amlost touched $20,000 this morning?
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