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Author Topic: Is the price of ethereum dependent on bitcoin?  (Read 5117 times)
shooleh
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October 11, 2018, 03:59:31 AM
 #701

Yes if seen from Ethereum developments, we can see that the Ethereum as has relationships associated with Bitcoin. But we know that the Ethereum will move as many investors invest. But it also affects the growth of Bitcoin, Altcoin. And for the moment the condition down and Bitcoin also decreased. But we still believe that the condition of the coins will soon rise.

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October 11, 2018, 04:11:44 AM
 #702

I think it's true because I always monitor  up and down eth dependent bitcoin. bitcoin is the leader of altcoins. when bitcoin rises, almost all altcoins also rise. but there are also some coins that are not affected by bitcoin.
bitcoin is the benchmark for altcoin because bitcoin is the first and most popular in cryptocurrency so it is natural that ethereum follows bitcoin.

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October 11, 2018, 04:15:49 AM
 #703

It is because of the reason that bitcoin is considered the leader of the cryptos and most coins will follow it up and down, not day to day but in overall trend.
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October 11, 2018, 04:18:55 AM
 #704

In my opinion between bitcoin and altcoins influence each other, for example when some time ago Ripple rose by more than 80%, it automatically increased investor confidence, thus making the price of other coins also rise.

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October 11, 2018, 07:20:22 AM
 #705

BTC is still the leader of our market. It can be denied that BTC is still a source of consultant for all of the investors.

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October 11, 2018, 08:12:51 AM
 #706

Bitcoin is the market leader; in every business the market leader dictate the price dictate the price directly or indirectly. Management prowess plays role in price too.
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October 11, 2018, 08:17:14 AM
 #707

You are very sensible. This is true. In fact, the price of Bitcoin affects the entire cryptocurrency. It is Bitcoin that creates the entire cryptocurrency, which is the king of cryptocurrency.
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October 11, 2018, 06:04:06 PM
 #708

Almost all altcoins depend on the price of bitcoin. This fact is irrefutable. Ethereum also refers to coins that depend on the price of Bitcoin. This is good because everything is predictable and easier to trade in day trading.
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October 12, 2018, 10:26:24 AM
 #709

Ethereums price technically doesn't depend on bitcoins price, this is more psychological phenomena. People are still investing in ETH and other altcoins without knowing about them and they just check bitcoin trend to predict ETH moves.

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October 12, 2018, 10:36:06 AM
 #710

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

Based on my experience using an application 'Blockfolio' that I've downloaded on playstore, I have observed that when you look on the bitcoin's market value, 90 percent of other featured altcoins goes the same way with it. When bitcoin's value increases, the other altcoins increases and vise versa. But still, I believe that the price of Cryptos depends on the investors.

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October 12, 2018, 10:42:07 AM
 #711

I think now favourably to buy Ethereum. AT the price it strongly fell so and will strongly grow. It is necessary to seize the good moment only  Roll Eyes

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October 12, 2018, 10:59:42 AM
 #712

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
The price of Bitcoin, to some extent, effects on the whole crypto market and when the price really falls down, we see the whole market in red. But every altcoin has its own trade cycles, when the team announces any positive news, then the price may change in a positive direction.

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October 12, 2018, 11:01:38 AM
 #713

The price depends on the overall market capitalization and on the timeliness of the tasks, as well as on the number of scam ico and the interest of people to investing in them.
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October 12, 2018, 11:12:05 AM
 #714

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
I had no doubt it but I had doubt for the total market. I thought all market depend on Bitcoin but I show all is the same, I mean when the total market behaves the same then Bitcoin do that. Though Bitcoin is the king at this time.

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October 12, 2018, 11:22:15 AM
 #715

This is 100% true, because the trades are made in pairs in relation to Bitcoin!
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October 12, 2018, 11:24:26 AM
 #716

Yes, of course, the price of ethereum depends on Bitcoin in the same way as all other Altcoins depend on the price of bycocoin. bitcoin is the main cryptovalue in this market and the price of other cryptovalue will always depend on it

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October 12, 2018, 11:26:56 AM
 #717

Most of altcoins are depend on bitcoin market to survive. They need investors from bitcoin to support their projects so they can invest in their projects also. It like a circle of life and the head is bitcoin. When head are dying other will follow it to. So it not weird to see most of altcoins now are dying and some has failured.

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October 12, 2018, 01:07:40 PM
 #718

I think now favourably to buy Ethereum. AT the price it strongly fell so and will strongly grow. It is necessary to seize the good moment only  Roll Eyes
The price is growing bigger though I think that it is because Ethereum is no longer a small start-up coin.

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October 12, 2018, 02:27:02 PM
 #719

I think the price of all altcoin depends on Bitcoin. Not only ethereum will be priced at bitcoin but also include all affected altcoins when bitcoin prices come up or go down the entire electronic money affected because all the altcoins are based on bitcoin values.

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October 12, 2018, 02:34:40 PM
 #720


For now, trust the cryptocurrency market is dependent on Bitcoin. But I think in a couple of years Bitcoin will become just an investment tool, and Altcoins will replace Fiat.

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