Bitcoin Forum

What causing ETH to stall as BTC amlost touched $20,000 this morning?

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

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.

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.

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.

may be all people hopping on the bitcoin train and fork of BTC in next times, or now, BTC very attractive!

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.

When bitcoin get smart contracts ethereum might now be as useful.

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.

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?

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.

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.

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.

Check https://ethgasstation.info/ - minimum 0.5$ per transaction with waiting 10+ minutes, I guess thats the reason.

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.

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

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. ;)

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.

But eth doesn't depend on btc. That sounds somewhat strange for me..

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.

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.

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

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.

Wallstreet are joining our community they are pouring billions of money into our trading system thats why btc gone wild right now.

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 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.

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.

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.

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 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.

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 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.

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 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)

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.

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://bitcointalk.org/index.php?topic=2479576.msg25382657#msg25382657

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.

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.

One more observation I see is LTC follows BTC when it raises, and ETH and other Altcoins goes south.

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.