Bitcoin Forum

I used to think that, as the value of bitcoin appreciates, so also should the value of Ethereum. But it seems the reverse is the case.
My question is, Why is it so? I need your opinions, for clarity sack and a better understanding that would really stand as a guide.

Ethereum having some issues with it is network right now. That is it main problem.

This was the first pattern many economists of crypto observed in the spring of 2017, when Bitcoin was making its early emergence from the old barriers of $1,500. As Bitcoin rose, almost all the other alts did as well. This was when Ethereum also broke $400. But, later, as Bitcoin corrected, and then again moved upwards, the other coins failed to repeat their performance. So the theory that all crypto was linked was disproven.

Today, alts move against Bitcoin when the latter weakens. This is now the hegemony removed.

there actually is not much of a relationship between the two.
sometimes BTC rises and ETH follows. sometimes it falls instead.
sometimes BTC falls and ETH follows. sometimes it rises instead.

but generally speaking, whenever bitcoin is rising (or falling) other altcoins fall. the reason is not completely clear. i have some theories though.

i say it is partly because most people expect the altcoin falls during times like that so they act faster to prevent losses. that always creates panic sell follow ups. as this happens more often, more people catch on the pattern and start selling and soon an altcoin dump becomes a common thing during bitcoin both rise and falls.

the other part is due to arbitrage opportunities that bitcoin rise creates specially in the altcoins with fiat market like ETH.
for example lets say bitcoin is $10,000 and ETH is 0.05BTC or $500
bitcoin goes to $14,000 so if ETH stays at 0.05BTC it means it would be worth $700 but it can't just rise like that! nobody is going to pay $200 more for it. additionally there is arbitrage opportunity which creates some sells on both markets and "act of selling" is always causing panic sells, stop loss orders kicking in, bots starting issuing warnings, the alerts going off,.... and causes the drop to happen. so the final result would be ETH at $480 and 0.034BTC
(numbers are just for example).

on top of it all, there is always bubbles to consider. specially in a coin like ETH which will burst due to this sell off.

These are two different units, they have different schedules and are not required to move one after another. That which ensures the movement of Bitcoin can not ensure the movement of Ethereum ...

So what is it exactly that makes Ethereum valuable? Like why should I put my money in it instead of Bitcoin?

These two are the main pillars of crypto world and this won't change any time soon. That's why their trends kinda follow each other. The late struggle ethereum having is about the problem based on ethereum's network. People are having hard times to make transactions with ethereum but i think it will be solved very soon and things get back to normal.

Bitcoin is different from ethereum. Sometimes both of them are increasing and decreasing, but still they don't have any connection. Both bitcoin and ethereum are good cryptocurrency and has been proven of being profitable.

Theres a big difference between BTC and ETH's networks,btc can handle huge volume of transactions everyday while ethereum proves that he is not ready to be the right hand of BTC because theres a lot of bugs and reasons why people wont hold ethereum in the future.

Ok I get that, but why is Ethereum a better store of money, in the long run, than Bitcoin? What is its value? That is what I am trying to understand.

When BTC goes up and downs alts are bleeding,while btc stabilize the alts are pumping thats my own observation,thats the reason why the BTC is a killing machine for alts.

Maybe it's already fixed, support team are on it.
Many complaints about Ethereum congestion but I think it's normal since Ethereum having heavy traffic while people are exchanging tokens into Ethereum and the other way Ethereum into other tokens.

I think when Bitcoin price is increasing Altcoins are affected because people choose to dump their Altcoins and shift the investment into Bitcoin. That's why Ethereum network is congested but Bitcoin's network is also the same with Ethereum. If there's heavy traffic for transactions then the network will slow down.

this may be due to the dispensation made by the team in both projects and the thing that makes it more active in the case so that the level of the coin or altcoin does not fall from the original or targeted value.

In my view right now there is a correlation between
BTC and Altcoins like when BTC rises Altcoin falls.

But there can be views like if Bitcoin appreciates it's value then in the same the capable altcoins should be rised I'm the same way. It may not happen now but i think it will definitely happens in near future. The most anticipated coins appreciation are Ethereum, Litecoin.

Trying to understand the correlation between altcoins and Bitcoin is tricky. It's a fickle relationship. Usually when Bitcoin rises fast (like now), altcoins drop in value as people exit altcoin markets to hold BTC. When coins are in an accumulation phase, they will often hold their value against USD but fall against BTC. We're seeing a mass exit in alt/BTC markets as people chase Bitcoin's rally (with a few exceptions). This can even spill over into dumping alt/fiat markets (like ETHUSD) because the Bitcoin fomo is so strong.


I doubt it has much to do with Crypto Kitties. There is significant network congestion and rising transaction fees (much like Bitcoin), but it's the negative correlation to Bitcoin that's killing its price. The fear of missing out on BTC's gains is causing most coins to bleed out. My portfolio is less than 20% alts, and I've bled buckets today.....

Yes, the ether has huge problems with the network, there are a lot of unconfirmed transactions. It is clearly visible here https://etherscan.io/chart/pendingtx

good work, I think this is indeed a case of very high virality and this I think for the future would be better again.

Usually it is, but now the etherium has technical problems. Therefore, its price has slightly decreased

when BTC is green, alts are red, but in some cases, both can be red like it happened sometimes in November. however, my theory is that people use alts for trading and when they make profits transfer them to BTC. also when the week is almost ending, many people convert fiat to BTC leading to appreciation in value. i dont know why but someone should explain why BTC appreciates in value on Thursdays or Fridays.

Actually, Bitcoin's value is increasing and it already reached a huge amount of money.Ethereum is also increasing. But Ethereum has got some technical problem in the field of transactions. For this reason, it's price is decreased now.But in future, I think,both value will increased

I think Bitcoin's value does not have anything to do with Ethereum's value. They are entirely separate. They are being ran separately. They have different teams and different features that are the main reason why supporters choose them in the first place. Actually, it might even happen that if Bitcoin dips down in price significantly and Ethereum is performing great, the people who are in crypto will shift to Ethereum. However, the thing is that Ethereum is experiencing more problems than Bitcoin.

There is a possibility due technical problem that etherium experiencing that is why the price started to decline, but once  this is fix there is a chances of pumping up the price of ETC. because of the continuous raise of Bitcoin price may be some of the investors are looking for a potential coin to buy that is why
ETC system start to flood that is why the system stared to fail and maybe in the next few days you can witness how ETC price pump up.

Bitcoin is increasing and non stop...
Should I SELL my home to invest into BTC?

eth ??
nobody is buying.

they have different use and feature and also they have different coin supply ethereum is almost 6x higher than bitcoin in coin supply
but ethereum already have in decent price right now its just the price of bitcoin rise really high and keep on getting higher this year
maybe ethereum also price will rise in the price in next few year but it will never get the same price in bitcoin

I also used to think it goes together with other cryptocurrency's status but you are right they are having a network problem right now and this crypto kitty phenomenon i also think one of the reasons. I believe by next year ethereum will regain its value by next year for ethreum dependent's sake. 😁

First of all, bitcoin is the father of all cryptocurrencies and second Ethereum is one of the altcoins who rose to the top. But they're both good especially ethereum coping up with the increase of bitcoin while the other altcoin falters whenever the bitcoin rises.

Yes that's exactly right, I'm also has knowing it from some information that I read. Automatically because of this.. now more people will be more focused on bitcoin or switching an investment in bitcoin I guess.
However, it doesn't mean ethereum will continue to fall on its value, I'm still believe on its value would be increasing again, especially after the ethereum network is back to normal.

This is the question many people are facing. Why buy altcoins when you have bitcoin that is much safer.

Usually people choose altcoins because they have smaller markets and it's easier to move them. They are more prone to big ups and downs and they like the risk.
ETH was supposed to get more interesting after the fork with planned POS switch but it's worth less today than it was before the fork.

the both values can not be compared or matched as they have so much in that varies amongst them, firstly is the fact that one is much of a finance based while the other is mostly based on decentralised applications and smart contract features and other functions. bitcoin is the first product of the blockchain technology while ethereum is the mover of the first smart contract platform or feature

Why, the main question, why such a comparison today, if today there is simply no point in such a comparison, today the market is growing and the bears are still leaving the market. Therefore, I think and I hope that everything will work out.

For bitcoin value is better, bitcoin transaction volume reaches more than 50% of total crypto transactions, while ethereum is around 15%, this proves that the market is very dependent on bitcoin and ethereum.

Everything is simple here. The amount of bitcoin is limited, and the era can be a huge set. They have different purposes. But I can definitely say that when the bitcoite falls, then the ETH falls.

I believe that the cost of btc is due to its purely speculative demand, eth has a smart contract technology that has contributed to its rapid growth to $ 1,400,

This an old thread got bumbed today so nothing more to discuss about the price of ethereum and bitcoin because they are settled on the best price for now and hopefully it will increase when bull enters.

In my opinion the real value of any coin is based on the technology and their method of how to bring more decentralisation. Ethereum is doing this job very well and Bitcoin is on the top, because it is simply the first crypto ever created and the most famous one.

While there is no direct relation between Bitcoin and Ethereum, Bitcoin being the market leader is important for the overall crypto market. If it is stable and rising, Ethereum and other good altcoins will mostly be bullish too.

I actually have no much idea about why ethereum price is too low for a big platform. As we all know ethereum is the most used platform to build a project but also the price doesnt get enough to call ethereum is a big project. The main problem for ethereum as far as i know is because the total supply which is still unknown.

One of the reasons why the value of these coins are going on a reciprocal direction is them being the 2 most used base currencies for cryptoexchanges and both being the largest stored non fiat based currencies. People are converting in and out in them to tap the profit from the price fluctuations.

It is not right to compare the leader of the market with others (even if it is ETH). ETH is a potential, reliable coin, but not bitcoin. Find out which one is used wider, you will find the answer.

well different from bitcoin the ethereum platform is indeed the most used for projects, but its used by fraudsters. this caused a price downturn for ethereum and it was very unfortunate but in the future there will definitely be an increase regarding this so the future of ethereum might improve.

at the moment there are very few projects that are really widely used. I believe that the most widely used - bitcoin

Bitcoin will always be valued in cryptocurrency, as it was the first.
And the assets are tied to it. As for Ethereum, the currency is interesting, and not the only one with support for smart contracts. Ethereum revolutionized cryptocurrency with smart contracts it appeared tron coin.

recently ethereum upsets me. too little news from the team. too few changes. it should not be at the second coin by capitalization

On the contrary Ethereum continues its development quite well. This coin has a very large trading volume. Many are now investing in Ethereum.

BTC has already established a legacy and is the most famous crypto of all time. While ETH is like the modern pop songs right now, popular to new members and a lot of rising industries, slowly considering the idea of using more than any other coin. They are different for me when I look up on the function in the current market.

bitcoin and ethereum have different functions and it is uncertain whether bitcoin rises ethereum also rises and vice versa, it is concluded that ethereum has a smart platform so prices can rise when they work well while bitcoin also has the largest market capitalization and many factors make prices rise, and nothing but the request or offer of the coin itself.

ETH could never be like BTC unless it will also receive the attention and fame of BTC during its golden era. BTC is more used for gambling and investing right now while I see ETH more as a real monetary system for transactions.

Altcoins isn't that so much inferior to BTC. Of course, Bitcoin is Bitcoin, and the majority will still choose to have them for their own reason. But what I like about altcoins is that it can go head to head in the market and slowly becoming independent. I know they can still grow and mature more so it is just matter of time before one altcoin will surpass what BTC has achieved. That's why I am excited to see big events of each of altcoins every now and then. Events like tournament of Bitrus (https://www.bitrus.com/worldcup?utm_source=ccwc) are exciting to see and participate because I know that it can help this industry improve more and compete in the market. Supporting and participating on them are the small steps we can do to help the industry of crypto fully integrate in the society.

anyway ethereum depends on bitcoin. Ethereum is not an independent coin. ETH price does not live alone

anyway, Bitcoin has an impact on the entire cryptocurrency market. Thus, prices for the entire cryptocurrency depend on how Bitcoin will develop. If Bitcoin will not be used as a means of payment, then this as a means of accumulating Bitcoin may lose its relevance. Then it is quite possible ethereum will take a leading position in the cryptocurrency market.

I always follow both effect of bitcoin and performance of eth itself. I keep both of them and exchange between them to get some small profits at bear market condition. I hope i am doing right :)

Well, why should not be on the 2nd place , a lot of people use Ethereum , I myself use it more than bitcoin at the moment

I think bitcoin's value will always be higher in cryptocurrency than ethereum though ethereum on the other hand is placed second.

I think that Ethereum is a strong enough and worthy coin. Personally, I don’t use bitcoin at all.

Maybe you will have to try using bitcoin and you could compare which one is more valuable in the market today. The entire market is just depending on Bitcoin and so altcoins will be affected including Ethereum. That is how Bitcoin making the role in crypto space, it possibly without Bitcoin might crypto will be nothing.

If we discussing the crypto world these two are occupy the major marketcap and Bitcoin is the main source of price manipulation so I like to buy and hold BTC only because this will make huge profit in soon. If you trust only the Ethereum you will loose the strong coin and Bitcoin is the ruling community of crypto market.

coin prices are strongly influenced by how high the market demand is and how much supply it has, if there are coins with high market demand while the total supply is small then the price will definitely be high and that is what happens to bitcoin
whereas if the market demand is high but the supply is large, the price will be relatively cheap and that is what happens in ethereum

ETH is often used in trading and investment and it has a very fast processing speed so it is used by many people. In fact, ETH is always held by many investors because they hate delay and ETH has much better technology than Bitcoin. Maybe Bitcoin has a higher value but it is only intended to be a long-term investment, so I will personally choose ETH instead of Bitcoin.

the system should be better repaired, so if there is a problem, it can quickly top it up if it is like this, it can make a lot of people confused by the system or network errors even though the two coins are the most used by people.

I think in this stage the investment on Bitcoin only possibly be the best for your future because in recent times it will developing very good under stability also increasing and comparing to the previous year this will be a good development right now.

the value of bitcoin is indeed like that, and bitcoin has increased first before ethereum and after the increase in bitcoin there will be a continuation by ethereum.

Still the same scene bitcoin will dominate and the alts nation will follow, we seen great movements as of now and aside from ETH also those potential
alts are moving along with bitcoin, your assessment way back still intact as alt market still relying with how bitcoin will behave, not only ETH that will
follow there;s already a lots of potential projects to invest and support.

The value of such a global project as BTC is really a very tangible and useful thing. I think that there are a very large number of normal thoughts on this subject, but for me it does not make much sense.

Seeing the current developments in bitcoin and ethereum prices can be said that bitcoin still has a very good development compared to the price development athereum.

This post is two years ago, but it's a different case now, both coins are moving up now, but still, all coins including Ethereum depend their price and their movement on Bitcoin in the market, both are worth to be added in your portfolio, instead of gambling in ICO, go for long term by buying these two coins.

Both of these coins are still very popular and have a good increase, it will not stop here, we will see the development of crypto is very good if bitcoin has good value. Bitcoin and eth are potential coins so that they will become coins that have great benefits.

Yes this should happen i think to most altcoins, if bitcoin goes up also the price of altcoins goes up but ussually happen that when bitcoin price goes up the price of altcoins goes down, i think most of people sell their altcoins for bitcoin and this cause the drop on ETH/BTC pair.

Sometimes it happen the way you think but there are time that the rivers is the case. Although, is most cases any time Bitcoin market value increases ethereum value also increase only on a rear occasion that rivers will be the case.

It's really hard to make conclusive conclusions completely. I think it can only be understood like this. Bitcoin and ETH are completely different and oppose to the platform. ETH also influenced according to perhaps Bitcoin is a currency in advance and it is a price-regulating currency as well as having the largest market capitalization in the crypto market.

First of all everything on this market depends on Bitcoin, because the market dominance is extremely high, but right now things are getting better, ETH made +20 percent within the last night and BTC added only 10 percent.

Bitcoin has a much higher value than ethereum and every another alts because bitcoin is at another level. No matter how good an altcoin is,bitcoin still be the king of crypto.

sometimes it is nice to re-visit someone's point of view couple of years ago. i wonder if the op already understood whats happening in crypto market. bitcoin is still the leading one and guiding the market trend. eth follows bitcoins price. but a strong platform hard to beat.
they have their respective purposes in this crypto community. so both are essential to exist

A pleasant trip when we see the movements of each period and now the journey begins slowly and improves. The value of bitcoin is still the highest and this is indeed a big potential coin, ethereum has good development and at any time is able to become a useful platform. Both of them still go hand in hand and bitcoin remains the main one.

The two coins you have to hold because it's at the core of a few other coins, Bitcoin and Ethereum have different platforms what you say, but so far it's a bitcoin that many people hold.

I surprised to see bull run come this fast and make everyone happy but for me in terms of price, volume and trader bitcoin is better than ethereum so ethereum is not a suitable opponent for bitcoin now

Bitcoin and Ethereum are two different projects managed by different teams, what pumps bitcoin will definitely not affect Etherum to pump aswell because they are two different coins operating completely with different strategies

but the reality is that if the value of Bitcoin rises most of the other coins also go up so that even though they are different but have a relationship in the market.
we can see for example today.

And Bitcoin and Ethereum is already a classic type of investment. But there are a huge number of interesting and promising projects in which you can invest with the expectation of getting a good profit. Like for example in the new project Sound Money Coin.

Altcoins are following BTC and there is a strong correlation in that regards. When there is bullish market alts has the potential to rise faster than BTC but on the bearish market BTC is falling less then the alts. For example ETH lost a lot from it`s market share compared to BTC. ETH price was 10% of the price of BTC in January 2018 (ETH 1k $ vs BTC 10k $) and now that ratio is 3.2 % only..

A good forecast regarding bitcoin....

Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-201 (https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-201)9

This is an unhealthy comparison, they are both not the same and each of them has its own intrinsic features and peculiarities. Bitcoin is a means of digital payment, a digital asset and a digital gold why Ethereum is a platform and a means of payment

that's right, bitcoin and altcoin are connected. if bitcoin moves up or down then the altcoin will follow it.

but there are some altcoins that move on their own and do not follow the movement of bitcoin. but it's only a few altcoins, most of them move according to the bitcoin movement.

it is difficult if a coin that has long been trusted can be defeated by altcoin and that has happened to bitcoin as far as I know bitcoin is the parent of many coins and applies to ethereum and if the price of bitcoin goes down then altcoin will come down, it will be difficult for altcoins to shift the price and position of bitcoin.

Bitcoin is the first coin, ethereum is totally different project, with different purpose and bitcoin and ethereum are not competitors. We can compare them in terms of price, bitcoin is much more expensive than ethereum is and maybe that will stay like that for a long time, maybe ethereum can come closer, time will tell. There`s a lot of things going on on ethereum platform and nobody should underestimate that.

Value is always provided by supply and demand. Today there is demand and there are offers, this is already very good. Everything else in general is already available for normal functioning. Since now there are real transactions in cryptocurrencies.

The real price of cryptocurrency will grow tens or hundreds of times when the real use of cryptocurrency begins. when will the adoption of this technology internationally.

Bitcoin and Ethereum are mainly use as funding option for most of the cryptocurrency, either and investment platform, ICO's and up to trading sites and exchanges. I see, it is a matter of popularity that makes the bitcoin and ethereum gain further market. Altcoins are not always entangled to bitcoin and so as Ethereum. In most cases, people are selling their altcoins when bitcoin peaks, and that happen because bitcoin is popular.

Bitcoin is an ETH price platform. Because Bitcoin is the first cryptocurrency and it made a lot of investment. That is, bitcoin on this basis manages the entire cryptocurrency.

ETH and BTC are very good coins.  Yes, it happens that the price of a particular coin has different indicators, the increase in BTC in the fall of ETH prices or vice versa.  But more often it happens that the indicators of both coins show the same behavior.

To be honest, I don't really understand the details of the most prominent or most influential cycles of the Bitcoin and Ethereum digital currencies on the Crypto market. Maybe we will get bored with that answer but from what I see the movement of the value of Bitcoin and Ethereum side by side, which means that if Bitcoin rises certainly ethereum also rises, but not always because each coin has advantages and disadvantages in the system or marketing. I only say what I know and I hope Crypto's market value continues to increase with these 2 coins.

The popularity of bitcoin makes more value increase and many adopt it so that the opportunity for investors to get rid of Eth and this makes the volume difference. Increased communities are able to change the volume of bitcoin and Eth.

If we see the charts especially the weekly or monthly charts for eth/btc pair we can see the room to grow and personally i see nice rally that can hit 0.06 and then 0.08 and finally over 0.1 range which is my personal target as well i hope it will be reached in next few months.

Ethereum price can't be judge with Bitcoin price, they are two different project, and they have different plan and platform, so I don't think the can be compared in any form

yes, because the value is very different, but both can still be used and Ethereum can provide big profits so they can be profitable.
Bitcoin is the king of coins so it's not easy to beat with other Altcoins including Ethereum, even though Ethereum is the best Altcoin.

Bitcoin and Ethereum should not be compared, so I agreed with you. It is same as Gold and Diamond, they are not direct competitors. There will be no flippening between the Bitcoin and Ethereum, because there is no overlap between their usages in real life. They will grow further together and will simultaneously contribute to growth of crypto in general.

Bitcoin is the market leader and the pacesetter, many have more confidence in Bitcoin than Ether or the other. You know the higher the demand, the higher the price vice versa. The demand for BTC is higher than the demand for Ether or other coins so the price appreciate faster than others.

Of course these 2 coins have different project but what OP's said is somewhat true. I mean, everytime the price of bitcoin price increase, ethereum price also increase, not only ethereum but other altcoins also increase. Bitcoin is the crypto market leader is true.

The value of Bitcoin is usually the key tool that influences most of the crypto coins in the crypto ecosystem. Due to this, the market value of Ethereum has always be influenced by Bitcoin. When the market value of Bitcoin moved from $3400 to $5000, the price of Ethereum also increased from $130 to $170 within the months of February to the later part of march. The value of Bitcoin is like the catalyze that either causes an increase in the prices of most altcoins or causes a decrease in the prices.

Bitcoin vs ethereum, i dont think that ethereum would need such more values because i dont think the price will increase just the same as bitcoin.

It seems to me that as a percentage, the price of Ethereum will increase by 30-50% more from the price of Bitcon. Price Ethereum more and fell than the price of Bitcoin.

I believe that ethereum will never become Bitcoin, and ethereum will not become Bitcoin. And because I think that from the comparison is not worth it. Bitcoin will always be on top and will remain in history.

Bitcoin has the real value due to its limited supply and rareness, while Ethereum supply is not limited, the supply is now much bigger than Ethereum and Ethereum has a lot of competitors.