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Author Topic: Is the price of ethereum dependent on bitcoin?  (Read 5117 times)
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September 14, 2018, 11:17:13 PM
 #621

I once thought that bitcoin was the basis for the value of almost all crypto coins because bitcoin is the father or mother of crypto. the dependence to convert the value of one coin to bitcoin is the basis they will still continue to use bitcoin
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September 14, 2018, 11:19:01 PM
 #622

I don't think so, because although ethereum is dropping enormously at the moment, those movements in the figures were the product of different things to the bitcoin drop or rise because lately, bitcoin has been very good despite the drop in ETH, so I think the two are not correlated.
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September 14, 2018, 11:22:06 PM
 #623

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

because most people have their own mindset and many people say the same thing with what you ask even I think like that that the prices of btc and eth have a relationship with market prices
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September 14, 2018, 11:24:03 PM
 #624

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Maybe it's still because I see ethereum prices always follow the price of bitcoin. I still believe in Bitcoin and Ethereum, so I still hold both of them until the price will be high.
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September 14, 2018, 11:25:28 PM
 #625

The prices of all altcoins depend on BTC price. It is the fact which is shown recently. BTC has fallen almost by 3 times for the last eight months, and the price of ETH has fallen even more. Altcoins can't constantly grow if BTC falls. BTC is the stablest coin on crypto the market.

It can be said that, although ethereum users continue to increase and are widely used to make various projects but the global market is certainly very dependent on bitcoin, if there is a negative sentiment about bitcoin, investors will assume that all altcoins are the same.

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September 14, 2018, 11:28:02 PM
 #626

https://bitcoinwarrior.net/2018/09/what-are-hdms-tokens-and-whats-all-the-hype/
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September 15, 2018, 03:24:20 AM
 #627

Surely the value of BTC is very influential on other Altcoins. The BTC value determines all values in the altcoin. Hopefully, the value in BTC this year will soar again and all altcoins certainly get the impact.
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September 15, 2018, 03:33:04 AM
 #628

The real truth is that the price of bitcoin plays a vital role in determining the price of altcoins, this is so because bitcoin servers a store of value and most people buy bitcoin the first time they join the crypto space

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September 15, 2018, 03:38:25 AM
 #629

for the price of each coin, depending on the trend that is happening in the public
if the ETH trend is good and the BTC trend is normal, then the ETH price will rise more sharply than BTC, and vice versa
Bitcoin and Ethereum are actually almost the same, the only difference is the service provided. And for stability, BTC is more stable than ETH, maybe because of different prices, namely 1 BTC = 6000 USD, 1 ETH = 200 USD (September 15 rate)
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September 15, 2018, 03:54:07 AM
 #630

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

It is just right when the BTC dominance is higher 50%, the price of Atlcoins will depend on Bitcoin quite much. And this trend will decrease when BTC dominance is shortened

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September 15, 2018, 04:00:20 AM
 #631

I think that not only Ethereum depends on Bitcoin but all altcoins, such as the US dollar that can influence other currencies in the world, I think indirectly Bitcoin is like that.
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September 15, 2018, 04:05:43 AM
 #632

According to what happened so far when Bitcoin fell. ETH and Altcoins declined. But recently Bitcoin's rate of decline was much slower than ETH. ETH decline fast and slow price increase and when will ETH will not rely too much on Bitcoin in the coming time?
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September 15, 2018, 04:15:49 AM
 #633

I think the value of Bitcoin has affected all cryptocurrency markets. But they only affect a little. The value of Ethereum is still a problem, probably because the whales make the value of it drop.
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September 15, 2018, 01:19:42 PM
 #634

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Thats true mate, ethereum price movements are influenced by bitcoin. But what needs to be underlined is not the only bitcoin factor. Another factor is the decline in investor confidence in an ICO
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September 15, 2018, 02:23:49 PM
 #635

Previously I did not believe that the price of ethereum depends on the price of bitcoin in the market. But now, I believe that the price of ethereum is really based on bitcoin price. It's my self proving that, when the price of bitcoin was increased, the price of ethereum was also increased. So I can say ETHEREUM is the shadow of BITCOIN.

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September 15, 2018, 02:56:18 PM
 #636

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

In 2017 or earlier, maybe the ETH price was depending on the BTC price. But for now, you can check at the market, ETH price is not depending to BTC price anymore. When ETH was falling drastically, the BTC price was falling slowly and not surpassing below $6k.

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September 16, 2018, 08:44:17 AM
 #637

The price of all cryptocurrencies is dependent on bitcoin as well as this whole digital money market is affected by the BTC price, so Ethereum depends highly on the movements of bitcoin
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September 16, 2018, 09:01:47 AM
 #638

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
I think it's wrong, not Bitcoin affects the price of the ETH but the total market capitalization affects, if the total capitalization grows, the price of the ETH and other coins grow, if it falls, then the price falls too
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September 16, 2018, 09:15:12 AM
 #639

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

It is just right when the BTC dominance is higher 50%, the price of Atlcoins will depend on Bitcoin quite much. And this trend will decrease when BTC dominance is shortened

Yes right, all eyes are always on bitcoin, when the price goes up it can be ascertained that altcoins prices also go up and vice versa, actually too much dependence on bitcoin is not good so I hope that someday all coins and tokens can be independent and not depends on bitcoin.


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September 16, 2018, 09:17:09 AM
 #640

I believe that Ethereum will not be too dependent on Bitcoin in the future. It will have its own development and look forward to the future development of Ethereum.
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