Bitcoin Forum

Ethereum and bitcoin with similar charts? what do you think?
its going up and down at same time
maybe that 2 coins go to explote

share here your idea

In my opinion, all the crypto currencies are currently riding mostly on fear of missing out, as there is no other value behind them. People see that they are rising, so they are afraid of missing the big thing, so more and more get into them (which makes them rise even more, etc.).
This mood is pretty much identical for nearly all of them, so they all move in sync.

The capitalization of all cryptocurrencies has decreased to a minimum level. Now no one is sure of their future and therefore all focused on the behavior of bitcoin. This does not apply only to Ethereum. All coins copy the behavior of bitcoin. This confirms the status of bitcoin as the king of cryptocurrencies.

Ethereum more than any other coins follows bitcoin prices the most, every single shift in bitcoin price happens to ethereum and I have noticed that as soon as bitcoin prices go up then the price of ethereum starts going up too.

Most exchanges will allow you use both Ethereum and bitcoin as the base coin for trading. Although they have different prices their use case on the exchange is the same so they're tied together. Ethereum is a more useful coin as it allows DAPPs, but bitcoin has a stronger value.

That is true, it seems that Etherum is the coin that follows Bitcoin very closely although they are not connected fully in technological sense but maybe because it's the second most valuable coin and similar factors influence the price. It looks like these two coins are always competing although I don't think Ethereum has the chance to take Bitcoin place.

it seems to me at this point that it seems difficult to say that bitcoin and ethereum have the same graph but if I think bitcoin is the reference for other coins but not necessarily all depends on the market.
Thank you

Two coin of bitcoin and ethereum do have almost the same strength, and it could be that bitcoin and ethereum will explode up the price simultaneously or in tandem.

Bitcoin and ethereum are two big coins that are very much liked by the people and most get the trust as a good coin, and I believe someday it will explode together, and I wait for them to explode.

The difference is almost the same, Ethereum is a scattered public blockchain network. Although there are many technical differences between Bitcoin and Ethereum, the main difference is its purpose and function. Bitcoin offers a peer-to-peer electronic money system for Bitcoin payments or transfers. While Ethereum focuses its blockchain to run a decentralized program, including one payment or transfer of Ethereum.

Bitcoin and ethereum I will make money and will be sold simultaneously, two coins between ethereum and bitcoin have equal strength equal in the world of cryptocurrency.

A very good coin to date is indeed bitcoin and ethereum, they have a strong similarity and I also believe in your opinion that bitcoin and ethereum will explode together to rise equally high.

Crypto is equally good between bitcoin and ethereum, and I think bitcoin will explode first from ethereum and that happens often and ethereum always follows the price of bitcoin.

There are no surprises. However, when you look closely, the ETH is a bit ahead than BTC, therefore, if u a day trader, you will know what I am talking about. Cheers~

Not only Ethereum but also other coins follow Bitcoin as Bitcoin is the king of Cryptocurrency. Besides Ethereeum is the second most valuable coin and similar factors influence the price. That’s why the charts are somewhat similar

Recently all other currencies seem to be connected to Bitcoin..They are moving with him..The most important reason for this is the lack of confidence over the last few months.

may not be the same time but indeed if the note currently ethereum still follow bitcoin in price so that if a rise then join up and if dropped will follow as well.

truth to be told it was not only Bitcoin and Ethereum but everything.
if you know how to zoom out the chart and change it to 4h or more,you will see it clearly.
everything get manipulated by whales,so it's not surprising to see it because they will not create a certainty on market.
just make sure you do not sell it cheaper from your buy orders.
you will not lose it if you do not sell it cheaper from before,be a smart trader and never panicking.

Both are very similar to setbacks or rises, both likely to be neon simultaneously but Bitcoin will be superior to Ethereum, it is true all of them also have the same graph but not as often as Bitcoin and Ethereum as I monitored the chart from yesterday. but not apart from the game market, lest you lose big.

All of the crypto market are going up and down so there's nothing new and it's usual to experience the market this way.

Ethereum and bitcoin has been stable but by looking at the charts ETH was around $30 last year and it went $1,400 with it's ATH.

While bitcoin was around $1,000 last year and went through $20,000 and now it's around $6,700 which is still good price.

I agree with your opinion. It's hard for Ethereum to take a bitcoin spot. these two coins are connected and follow each other, as they lead the market and have a big influence on the krypto and ICO currencies

It is a normal things in the illiquid assets! Bitcoin and ethereum are in the same direction of the business groups and the need to move in the same ways. When I was in forex I find out that EUR and GBP move in the same directions of Against  USD. Therefore Bitcoin and ethereum or other cryptocurrencies moving against USD in  the same direction is normal to me.

That is not true. Bitcoin dominance is pretty strong and when people see something is going on with it, they kind of also extrapolate it on other coins. So, when bitcoin goes down, eth also starts doing them and vice versa. However, it is true only for the last couple of months and maybe some time long ago. There were situations when their charts were totally different. Take a look at January 2018. While for bitcoin is was clearly a month a it slowly going down, ethereum has it top price, the fell a bit and then went up again.

The entire altcoin sector is still led by bitcoin's overall price movements.

ETH being the head of the altcoin market, it's no surprise that its fiat price movements closely correspond with what bitcoin's value fluctuates at. When bitcoin has a bull market, ETH usually has one as well, and vice versa.

There is a clear correlation between the pair that has been confirmed ages ago, just as with any other altcoin and bitcoin, they have a positive correlation.

Ethereum and bitcoin both are my favorite, and both are going good. And there is a huge chance that both are gonna explode. but i am little bit biased towards bitcoin.

I just think someone who has an investment in bitcoin then automatically they will have an investment in ethereum as well. Bitcoin and ethereum in the cryptocurrency is vital, ethereum and bitcoin are the most important of cryptocurrency. So when the bitcoin price falls then the ethereum will fall as well and when bitcoin rises significantly then ethereum will rise significantly too. True what you say, bitcoin and ethereum will be high in the future in the same way.

this would have been true only if the charts looked similar on more than a handful of occasions and most importantly in long term. but they look very different when it matters most.
ETH like many other altcoins gets dumped whenever bitcoin price is dropping so that part of the chart is shared between it and 1000+ altcoins, you can't make a conclusion like this.
and the rising part is not at all similar. you may find situations where recoveries are happening these days at the same time but overall there is no similarity.

I would not say that these coins are like that. The whole market of crypto coins is falling to the same or the same extent and growing. This is a normal cycle of the economy. Ethereum and bitcoin are just the most popular currencies!

With the popularity of these coins, no one argues. I do not think that now is the best time to invest in Bitcoin or the Etherium.

I think when the chart of bitcoin and ethereum looked similiar its mean the money going out from cryptocurrencies to fiat but i am pretty sure its just for a moment. Those money will coming back to crypto market again. Most people who already got profit from crypto  is believer and holder from long time ago. They dump it to get more coin.

If you look closer to market you can find almost perfect correlation in bitcoin price with another top 10 cryptocurrencies. Everything depends on bitcoin now

Ethereum and Bitcoin likely the king and the queen it usually up and down together with similar chart YES
Ethereum value usually about 7-10% of bitcoin value.
and they are the couple that the most people putting their TRUST into