As BTC raises..ETH will fall!

[Ehrhc]

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?

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[Wilhelm]

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).

[bettercrypto]

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?

I agree, the  token supply is somehow one key factor why the price is going down, or people look at it as not good investment because of the huge amount of token to be unloaded to the market  once there is FUD created or some large whale dump their ETH coin.  Aside from that ETH is just a good ICO token, and I have seen not much of usage of it.  And what is more discouraging is, ETH authority is centralized while bitcoin is more decentralized since it needs consensus from the different groups of users.

[pereira4]

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).

In the long run we all know Bitcoin will win against Ethereum, but it's all about taking adavantage of what happens in the meantime, and I think Ethereumhas some good pumps before it starts going to hell due a convoluted situation where both technicals and legals problems will make it collapse.

But meanwhile Raiden is going to pump the price for a while I think, because BTC still got a while until it can scale with Lightning Network.

[gentlemand]

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!

I don't think it's anything to do with supply. Supply in general is massively overstated as an effect on coin prices. The only thing that matters is what's on the actual exchanges.

I'd say the main reason is that ETH has evolved into not much more than an ICO generator and ICOs are about to get a walloping from multiple angles. If it isn't regulators going after them, it's the people who poured millions into shite that will deliver nothing.

[eaLiTy]

If you look at the market ,the rise of ETH was really strong in the past year and it was mainly due to ICOs coming out using their platform and with the recent debate about how to restrict these kind of money making machines from the government and the regulations coming it is bound to have a hard time and with the recent Chinese ban against ICO ETH will be more affected by these bans and so is the reason you might see more down rally with ETH than bitcoin.

[leopard2]

Supply, yes

Also ETH has gone up alot more, so many people are selling at a profit...

Things might change when ETH goes POS; right now ETH is inflationary and HODLing ETH is not profitable. POS might change that but then, ETH might cost 1000$  

[Fireblade]

If you look at the market ,the rise of ETH was really strong in the past year and it was mainly due to ICOs coming out using their platform and with the recent debate about how to restrict these kind of money making machines from the government and the regulations coming it is bound to have a hard time and with the recent Chinese ban against ICO ETH will be more affected by these bans and so is the reason you might see more down rally with ETH than bitcoin.

i think yes that is right that when the price of bitcoin goes up it effect the price of other altcoins, and the reason is that most of the people start investing money in bitcoin and if they have some investment in altcoin they cash out their money and invest it in bitcoin therefore the when bitcoin price start increasing we can see that the price of other crypto currency effect by bitcoin and so the price of Etherum price also .

[Question123]

If bitcoin price increase I think the price of ethereum also increase. Because this two coin connected to each other or ethereum are base on bitcoin. But it depends on the demand on the market if they have many buyers for sure it will increase bitcoin .if ethereum dont have a lot of buyer if bitcoin increase for sure they have little effect and it will increase that I see.

[edynolan]

people are more familiar with bitcoin than ethereum so it's probably the cause of a slight decrease in ETH.
but there is no problem in that because everything happens depending on the person who buys a coin. the decline for eth is something that often happens for every coin but will come back as before.
it all depends on how dev manages their coins whether it can make it higher or vice versa

[HabBear]

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?

Disagree.

There is no connection. And you admit to as much because you don't offer any rationale for why you'd even think that there's a causal relationship.

Correlation is not an indicator of a causal relationship.

E.g., Bars are busy on Fridays, people get paid on Fridays. That's a correlation. It does not, however prove that the reason bars are busy on Fridays is because people get paid on Fridays. Bars are busy on Fridays because people don't have to work on Saturday. That's a causal relationship.

Trying to find relationships where they don't exist is one of the most common human flaws.

[Herbert2020]

there are a lot of reasons for ETH price falling hard. most of them have to do with the fact that ETH is a big pump and dump scheme and also another important fact that people overlook is that one of the reasons why ETH was pumped this hard was the existence of ICOs. countless ICOs were created and each required ETH tokens to participate which creates a fake demand and pumps the coin.

as people stop buying into ICOs and as they realize how scamy they are, additionally the Chinese government banning ICOs all lead to removal of that fake demand and dumps ethereum price.

[HeRetiK]

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?

Historically, whenever BTC loses value, the alts react even stronger. Many people know this, so they trade accordingly, lest they are left holding the bag.

To add to that, in times of uncertainty people tend to move to assets that they perceive as safer. Apparently BTC is still more trusted than ETH.

[severaldetails]

As soon as something goes sideways in the crypto currency world the people who get frightend easily react in two possible ways:
They go out of crypto completely, or the move their money into bitcoin because it's the largest and therefore most stable crypto currency.
That leads to a decrease of the altcoins in general, and if money goes into bitcoin, bitcoin rises while others fall.

[NoNetwork]

there are a lot of reasons for ETH price falling hard. most of them have to do with the fact that ETH is a big pump and dump scheme and also another important fact that people overlook is that one of the reasons why ETH was pumped this hard was the existence of ICOs. countless ICOs were created and each required ETH tokens to participate which creates a fake demand and pumps the coin.

as people stop buying into ICOs and as they realize how scamy they are, additionally the Chinese government banning ICOs all lead to removal of that fake demand and dumps ethereum price.

Are they really mostly fake demands and dumps because of the ICOs? I thought that they were just tokens that have been forked to Ethereum. I mean Ethereum did really well when it comes to its price and making its way more closer to Bitcoin for the past few months that have passed, even though Bitcoin too have pumps that merely skyrocketed to the moon.

Hmm that made me think, I thought that China banned the ICOs just to say that "we don't need that" because they are pretty much very powerful Economic-wise, but instead we have this little detail that we are obviously missing out.

[Lieldoryn]

It seems to me that ETH will now rise in price because in order to be able to get it will need to have 1000 coins. When all who wish to join this minimum stock price stabiliziruemost and maybe even go down.

[alyssa85]

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.

[Seansky]

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?

There is a possibility of a hidden gathering of limiting btc supplies but offering too much ETH wont very likely to happen, maybe there is a group trying to manipulate it. As we can see now, eth can be directly bought with USD now and therefore, the fall of eth is not really connected with the rising of BTC but instead it falls independently and there is no direct relation between the two in terms of their price's rise and fall.

[Mr.Anonymous]

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?

There is a possibility of a hidden gathering of limiting btc supplies but offering too much ETH wont very likely to happen, maybe there is a group trying to manipulate it. As we can see now, eth can be directly bought with USD now and therefore, the fall of eth is not really connected with the rising of BTC but instead it falls independently and there is no direct relation between the two in terms of their price's rise and fall.

Actually if the price of Bitcoin decreased by some reasons, it also makes other cryptocurrencies falls down too. Because you have to remember, we are stay in a cycle Bitcoin is the King, most of the traders think altcoin only following the price of Bitcoin.

[btc-facebook]

Believe it or not, ETH is an altcoin that means created after bitcoin so it's normal to see ETH under bitcoin.
I'm just unexpected when Microsoft decide to use ETH for their company so yeah.. altcoin world far more unpredictable rather than bitcoin so it may yield more profit in the future trading