INFLUENCE OF BITCON ON ETHEREUM's PRICE

[el kaka22]

At this point ethereum is 600 dollars and that is really weird to me. This is the same coin that was around 150 dollars at the start of the year, we made over x4 profit on ethereum and it is second biggest coin. When you are talking about big coins like bitcoin, ethereum and even ripple, you are not used to these coins making these type of big increases, XRP made over x2 return, closer to x3 right now, bitcoin did a x2 increase, ethereum did a x4 return this year.

I mean normally when we are talking about these type of returns, we are talking about smaller coins that can x10 and some of them does that, but not the top 5 coins. Hopefully this doesn't go down too bad, I know that we can't keep going x4+ returns constantly, that would not be sustainable, but I really hope we also do not crash.

[hulla]

THE FACT BEHIND THIS METHODOLOGY IS THAT THE PRICE OF ETH SHOULD BE 1/17TH OF THE BITCOIN AT CURRENT CIRCULATION RATE SO AT THE CURRENT PRICE OF BITCOIN ($18400), ETH's PRICE SHOULD BE AROUND $1082 BUT IT IS TRADED AT $615 WHICH IS MORE OBVIOUS THAT THE BULL WILL HIT THE ETH's PRICE AND TILL THE END OF DECEMBER 2020, ETH WILL GET 1-2 PARABOLIC GROWTH IN THE PRICE AND WILL SURELY BREAK ITS PREVIOUS HIGH OF BACK IN 2017


WRITE VIEWS REGARDING THE OTHER INFLUENCES OF BOTH CRYPTOCURRENCIES ON EACH OTHER.

First of all, writing your post in upper case mean you are shouting which is against the forum rules and I will advise you not to do so next time so you wont be penalized.

AS IF THE BITCOIN HITS $20000 TILL DECEMBER 2020 WHICH IS VERY OBVIOUS THAT IT WILL HIT THAT PRICE, THEN THE RATE OF ETHEREUM WILL BREAK ITS PREVIOUS HIGH OF $1440 BACK IN 2017 BULLISH MARKET.
 

Bitcoin will hit the price range you mentioned but there is huge chance that it will may not happen this year cause the whales seems to manipulate the market price once it experience some surge in price which the reason why the market experienced dump as soon as a major pump. However, the altcoin market shouldn't be expected to make new ATH once Bitcoin does because Bitcoin always leads for days.

[BrownSuS]

Yeah I was not aware about rules but now i have read almost all of them.
So thanks for your advise

First of all, writing your post in upper case mean you are shouting which is against the forum rules and I will advise you not to do so next time so you wont be penalized.