As BTC raises..ETH will fall!

[teilwalL05]

I'm only into Bitcoin but I might have an explanation.

In the olden shitcoin days you people first bought Bitcoins.
Then for fun they bought some shitcoins with their "spare" cash just to make some quicker money on the volatility of the shitcoin.
But when things went bad they all dumped their shitcoins into Bitcoins and if it was even worse then back to fiat.

So ETH might be dropping faster because people trust Bitcoin more than ETH.
This means that Bitcoin will receive inflow from ETH dumps. This makes ETH go down fast while Bitcoins decent gets cushioned by the people converting to Bitcoin (buying).

You can buy ETH directly with dollars and euros, people no longer need bitcoin to buy it.

I think the reason ETH is dropping is that most ICOs are based on it, and you need ETH to participate, but the supply of ICOs has dropped thanks to the China business.

This is the thing that I think why ETH price is dropping right now and bitcoin is now rising to the maximum level, and you are right ICO's are really ban right now in china, but there are many elements involve in certain drops of other Cryptos, and not just because of the increasing value of bitcoin, and I really think that banning ICO's in china has a bigger impact with it.

[djsugar]

First of all I don't see any correlation between Bitcoin and Ethereum price. They aren't in a direct competition and comparing them would be stupidity. Ethereum has utility because of its use in creating token. Bitcoin has its own market. Ethereum is experiencing a drop since China banned ICOs. Ethereum main utility lies in creating ICO tokens. That has affected the market. But it will ultimately recover.

[Zuilhsa]

Generally if bitcoin rises altcoins experience small dips, I think we don't want to compare bitcoin with altcoins as altcoins are the sub of bitcoin. ETH had raised up in a short period,  Other than that there can't be any relation between bitcoin and ETH.

[Proton2233]

Generally if bitcoin rises altcoins experience small dips, I think we don't want to compare bitcoin with altcoins as altcoins are the sub of bitcoin. ETH had raised up in a short period,  Other than that there can't be any relation between bitcoin and ETH.

There is no direct connection but the price of bitcoin is always reflected in the price of altcoins. Personally, I trust the bitcoin. I know of a cryptocurrency start and if we are waiting for the collapse of the cryptocurrency that bitcoin will be the last currency which will live.

[hase0278]

There is no direct connection but the price of bitcoin is always reflected in the price of altcoins. Personally, I trust the bitcoin. I know of a cryptocurrency start and if we are waiting for the collapse of the cryptocurrency that bitcoin will be the last currency which will live.

The price of bitcoin is always reflected on the price of altcoins probably because most people do buy and sell every time bitcoin price goes up or down depending on the movement of bitcoin. Because of that bitcoin controls other altcoins indirectly but not all. There are some like ETH and other top coins that doesn't follow the trend of btc price sometimes. That being said, if btc price, it will not be always certain that eth will fall.

[marketone]

I think the price of Bitcoin increase the value of ETH will also increase. Still, ETH is the cryptocurrency which completely depends on Bitcoin price only.
I have seen many times in the markets the value of ETH will increase in the coming days because ETH community is kept growing like Bitcoin.

[alsoknownas]

Is it a wiser investment to buy BTC...or ETH? I would appreciate people's thoughts on this.

[machinek20]

There are no relation, unless you are trading btc with eth, as the btc price up it will make the eth value down, but overall there are no connection at all, because eth got its own investors btc also gt its own investors, if you trade eth with dollar you will see the connection is not exist

[vegito]

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

There is this hidden gathering of limiting btc supplies....while offering too much ETH!


Agree ..Disagree?

The results in the last few months show a direct correlation between Bitcoin rise and Ethereum rise. But I'm sure this can't last forever.

It's only a matter of time before some of those Ethereum millionaires start cashing out to put money in the most stable store of value, which is Bitcoin.

[BTCLovingDude]

I am trying to find the connection why the fall of ETH as percent is higher than BTC!

pump and dump altcoins always drop harder in general.
and in case of ETH there has been lots of issues that led to the actual dump and bigger fall because in fact the news affected Ethereum most of all and if China ever bans anything they will ban ETH first.

There is this hidden gathering of limiting btc supplies....while offering too much ETH!
Agree ..Disagree?

it is unclear what you mean!
the supply of bitcoin is clear and there is nothing hidden about it. it is limited and with a logical distribution model.

on the other hand ETH has no cap (the supply is unlimited) and the distribution has been terrible! they had a huge premine of more than 70 million coins and they also had an ICO and then the mining reward is also huge.