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necromastery
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September 09, 2018, 04:07:12 AM |
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Not always.
But as far as I know, the price of Ethereum always drop if Bitcoin price in the bullish condition.
That what's happening, sometime they're looks connected, but sometime seems unaffected. See that few week ago when bitcoin price in stable, eth still in bad condition and keep drop. Even bitcoin try to rise slowly, eth remain unchanged. Seems it's all depends on trader and billionaire. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Btcjoglyn
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September 09, 2018, 04:24:58 AM |
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Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
In think it is true, ethereum prices rises when bitcoin price rises too. The majority of the cryptomarkets follow bitcoin. Bitcoin is the front runner and market king. Where it goes, the rest of the market tends to follow. Ethereum follow bitcoin for the same reasons every other coin does. |
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Krismass01
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September 09, 2018, 05:20:39 AM |
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The price of Ethereum is not dependent on bitcoin. The forces of demand and supply determine the price of both ethereum, bitcoin and other cryptocurrencies. That the price of bitcoin goes up doesnt mean that the price of ethereum will also go up. We have several cases of the prices of the two cryptocurrencies going alternate ways and such doesnt indicate that the price of one determine the price of the other
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campusnet
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September 09, 2018, 05:24:54 AM |
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Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
In think it is true, ethereum prices rises when bitcoin price rises too. The majority of the cryptomarkets follow bitcoin. Bitcoin is the front runner and market king. Where it goes, the rest of the market tends to follow. Ethereum follow bitcoin for the same reasons every other coin does. powers bitcoin is the reason why the cryptoccurency followed him. Why follow the market from ethereum bitcoin, power moves the markets owned bitcoin not owned any crypto. take a look at the market are down when bitcoin is currently down, and now it took a fair while to be able to rise again. |
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dilidulu
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September 09, 2018, 07:40:26 AM |
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Yes, you are very wise. Not only Ethereum, all coins in cryptocurrencies rely on Bitcoin. Bitcoin is the strongest coin.
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BlackSociety
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September 09, 2018, 07:44:10 AM |
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In fact, Ethereum does not depend on the value of Bitcoin. Only those coins that rely on Ethereum can have such a dependency!
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zcashplan
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September 09, 2018, 07:55:26 AM |
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Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
This is the case in most cases. In fact, not only will ETH be affected by BTC price fluctuations, but coins in the entire market will be affected by BTC. However, sometimes Altcoin and BTC are exactly the opposite. This situation is based on the premise that BTC fluctuations are small or integrated. |
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Ndubades
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September 09, 2018, 07:58:04 AM |
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I want to believe so, because ethereum has been fluctuating in direct proportion to the btc. Maybe someday in the future, ETH will find it's holding ground, but for now I think it's price is a reflection of the btc
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ximabe
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September 10, 2018, 09:42:22 AM |
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The cost of Ethereum isn't subject to bitcoin. The powers of interest and supply decide the cost of both ethereum, bitcoin and different digital forms of money. That the cost of bitcoin goes up doesnt imply that the cost of ethereum will likewise go up. We have a few instances of the costs of the two cryptographic forms of money going interchange ways and such doesnt show that the cost of one decide the cost of the other
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briana samomingkir
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September 10, 2018, 09:46:33 AM |
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Yes, bitcoin does have a considerable influence on the growth of the value of other coins. But not entirely dependent on bitcoin. It is also based on personal ethereum, if ethereum has an ever increasing number of requests, ethereum values will also rise. Likewise the opposite. Bitcoin is only a reference, fully in the coin itself.
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seregaleon
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September 10, 2018, 09:47:27 AM |
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In general, all coins are tied to bitcoin, so all the coins follow it strictly with changes in the price!
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InflamesAndrei
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September 10, 2018, 09:54:54 AM |
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In general, all coins are tied to bitcoin, so all the coins follow it strictly with changes in the price!
Support. Bitcoin one way or another always affects the other coins because it's the main asset of cryptocurrency. From which people go to the other and back. |
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pharaon
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September 10, 2018, 09:58:52 AM |
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Recently, there is a difference between the rise in bitcoin and ethereum prices, and I'm no longer sure that ETH is dependent on bitcoin, since it is in a worse position and the price is worse than the price of bitcoin.
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usm1000
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September 10, 2018, 10:05:14 AM |
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Such buying and selling methods are more exaggerated in Bitcoin and other crypto currencies because they are a new asset class. Nobody knows if suddenly one of the most influential countries on Earth will make it illegal or otherwise accept it. This means that more people react to small news events that should only have a negligible impact on prices.
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nianastasia62
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September 10, 2018, 10:08:06 AM |
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The whole industry critobulus it depends on bitcoin and also ETH depends on bitcoin ! Reducing the price of ETH is only for this reason and not because no one needs ETH !
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MUSFIKAR
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September 10, 2018, 10:11:56 AM |
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In my opinion not only the price of Ethereum, but also almost all the other cryptocurrancy coins either directly or indirectly rely on Bitcoin. Because Bitcoin is the king of cryptocurrancy, where it is the first coin to appear on cryptocurrancy. In cryptocurrancy, Bitcoin has great authority in developing other altcoin trips.
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izza123
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September 10, 2018, 10:26:41 AM |
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Most of the altcoins depend on bitcoin. The ethereum is no exception and also depends on the price of bitcoin.
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CardMate355
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September 10, 2018, 10:48:48 AM |
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Not only ETH, but all the altcoins dependent on BTC.
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WiredContent55
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September 10, 2018, 10:49:57 AM |
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Yes the price of eth is dependent on BTC.
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BlazeEthereal27
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September 10, 2018, 10:50:38 AM |
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yes, the price of ETH depends on BTC.
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