Bitcoin Forum
November 12, 2019, 08:01:03 AM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 [40] 41 42 43 44 45 »
  Print  
Author Topic: Is the price of ethereum dependent on bitcoin?  (Read 5117 times)
trickyriky
Sr. Member
****
Offline Offline

Activity: 882
Merit: 251



View Profile
October 19, 2018, 07:43:47 AM
 #781

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Of course, the price of ethereum, like other cryptocurrencies, is completely dependent on the price of bitcoin. Bitcoin price dominates other types of cryptocurrency using its high level of capitalization. It is a high level of capitalization that allows Bitcoin to control the price of altcoins. I honestly don’t like it at all. I hope the market will find a way out of the current unhealthy situation.

This autumn might not bring any sufficient changes. I guess that they will come close to December 2018- January 2019. However, I believe that we can all make the profit. Since that, we need to hold the cryptos we have.
1573545663
Hero Member
*
Offline Offline

Posts: 1573545663

View Profile Personal Message (Offline)

Ignore
1573545663
Reply with quote  #2

1573545663
Report to moderator
1573545663
Hero Member
*
Offline Offline

Posts: 1573545663

View Profile Personal Message (Offline)

Ignore
1573545663
Reply with quote  #2

1573545663
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1573545663
Hero Member
*
Offline Offline

Posts: 1573545663

View Profile Personal Message (Offline)

Ignore
1573545663
Reply with quote  #2

1573545663
Report to moderator
1573545663
Hero Member
*
Offline Offline

Posts: 1573545663

View Profile Personal Message (Offline)

Ignore
1573545663
Reply with quote  #2

1573545663
Report to moderator
1573545663
Hero Member
*
Offline Offline

Posts: 1573545663

View Profile Personal Message (Offline)

Ignore
1573545663
Reply with quote  #2

1573545663
Report to moderator
Fedots83
Full Member
***
Offline Offline

Activity: 462
Merit: 103



View Profile
October 20, 2018, 02:05:09 PM
 #782

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

I believe that the fall in BTC really was the main reason for the decline in prices for most altcoins on the modern crypto market. BTC today remains a confident leader and king of the crypto market, therefore it directly affects the development of crivatolut, their prices and future prospects.
Nivia1st
Full Member
***
Offline Offline

Activity: 854
Merit: 100


Send and Receive money instantly, no hidden cots


View Profile WWW
October 20, 2018, 02:08:27 PM
 #783

basically all altcoins are still dependent on bitcoin, so it's not natural that ethereum is still affected by the impact of bitcoin prices.

Masatos
Jr. Member
*
Offline Offline

Activity: 182
Merit: 1


View Profile
October 20, 2018, 02:16:41 PM
 #784

Ethereum is very dependent on Bitcoin like all other altcoins. this is normal and there is nothing strange in this because bitcoin is the most important coin on the market

█████████████████████ SWINCA █████████████████████
Real-Estate Finance Revolution: BUY SWI
https://www.swinca.io/
senin
Full Member
***
Offline Offline

Activity: 784
Merit: 137



View Profile WWW
October 20, 2018, 06:01:13 PM
 #785

Of course, the price of ethereum, like other cryptocurrencies, directly depends on the price of bitcoin. Bitcoin can dominate other types of cryptocurrency due to its high level of capitalization. Bitcoin capitalization is now about 114 billion dollars, while ethereum, which has the second place in terms of capitalization, totals about 23 billion. The difference is very significant. As long as Bitcoin will have such an advantage in capitalization, as long as it affects the price of all cryptocurrencies.

moshuk
Member
**
Offline Offline

Activity: 252
Merit: 11


View Profile
October 20, 2018, 06:07:53 PM
 #786

All are tied to the grandfather bitcoin. there is still a long time to go before the market is tied to bitcoin.
abstmain
Member
**
Offline Offline

Activity: 165
Merit: 10


View Profile
October 20, 2018, 06:08:48 PM
 #787

Of course, this is true. All the altcoins depend on the price of BTC and ETH does so. When BTC increases, altcoins also increase. When BTC decreases, altcoin also decreases. The main reason behind this is all the exchange uses BTC/alt pair.
Lmaooo
Full Member
***
Offline Offline

Activity: 476
Merit: 104


send and receive money with no hidden charges


View Profile
October 20, 2018, 06:15:18 PM
 #788

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
No I don't think so. The ethereum and bitcoin are two different cryptocurrencies with different atmospheres, and how can the value of bitcoin determines the the ethereum price? The way I see it each of them has it own market share, therefore,  none of them will determine the price of the other.

apalenkoff
Member
**
Offline Offline

Activity: 210
Merit: 10


View Profile
October 20, 2018, 07:37:07 PM
 #789

Yes, I think that there really is a point, bitcoint is the parent of all coints, if the bitcoint price goes up the other coint will certainly follow, and vice versa
I think it is fair to say that when bitcoin grows in price, all the other coins will not grow so strongly. Yet, when bitcoin falls, some altcoins may grow in price since bitcoin is exchanged to them(in rare cases).
Anyobsss
Full Member
***
Offline Offline

Activity: 686
Merit: 128



View Profile WWW
October 20, 2018, 07:43:06 PM
 #790

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Yes this is true and it isnt only ethereum who is dependent  to btc but almost all of altcoins. This is because btc dominated most of the market. You can also notice it in the graph of the market when bitcoin's price drops other coins follows.

defoman
Jr. Member
*
Offline Offline

Activity: 448
Merit: 1


View Profile WWW
October 20, 2018, 08:04:44 PM
 #791

This is not the opinion of people, but a real fact. To check this, just look at the charts of price changes of these cryptocurrencies. Bitcoin throughout the time is the main cryptocurrency and its success or failure depends on the change in the price of all altcoins.

MINTER - WE MINT COINS AND CREATE THE INTERNET OF MONEY
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
https://www.minter.network
ttking
Member
**
Offline Offline

Activity: 327
Merit: 10


View Profile
October 20, 2018, 08:12:41 PM
 #792

I think that maybe there is no the direct connection but in fact there is some influence. I think that they are both the leaders of the market and their prices affect each other somehow
llyfee4u
Full Member
***
Offline Offline

Activity: 448
Merit: 101


View Profile WWW
October 20, 2018, 08:18:35 PM
 #793

Very much so actually.  The price of ethereum and most (if not all) alts are massively impacted by the performance of bitcoin due to the the fact bitcoin is more or less the standard bearer in cryto currency.   Unfortunately, this is the fact of the matter for now but i think it is necessary that this doesn't always continue to be case.   Right now, if bitcoin dips, everything else bleeds ridiculous, therefore it is necessary to address this over dependence on bitcoin to determine how crypto market behaves.
maometano
Jr. Member
*
Offline Offline

Activity: 269
Merit: 1


View Profile
October 20, 2018, 08:21:58 PM
 #794

I don't know the truth, my assumption is that altcoin always follows the increase in Bitcoin, it can be compared to the parent Bitcoin. Ethereum and Bitcoin are different so don't ever think Altcoin will compete with Bitcoin prices that are very different. Ethereum is one of the coins that becomes faforit and many ICO platforms use Ethereum to be very often compared to its quality with Bitcoin.
luckybit1
Full Member
***
Offline Offline

Activity: 429
Merit: 100



View Profile
October 20, 2018, 08:48:38 PM
 #795

Yes ,any way that's what i feel.I believe is not only ethereum that's is dependent on bitcoin.Bitcoin is the first crypto currency.
xDispeLme
Member
**
Offline Offline

Activity: 322
Merit: 11


View Profile
October 20, 2018, 08:50:50 PM
 #796

for 9 months of market decline, ETH showed full dependence on the price of bitcoin
SashaVeg
Member
**
Offline Offline

Activity: 126
Merit: 10


View Profile
October 20, 2018, 08:51:26 PM
 #797

I believe that all coins depend on Bitcoin. And especially ethereum because it is the second after Bitcoin. As Bitcoin will set the pace of growth it will.
kjn311
Member
**
Offline Offline

Activity: 319
Merit: 10


View Profile
October 22, 2018, 11:28:42 AM
 #798

Today, there is no doubt about the enormous impact of BTC on the overall state of the crypto market. Therefore, I am sure that now Ethereum prices directly depend on the dynamics of BTC. BTC also affects the prices of other altcoins.
jfederkins
Member
**
Offline Offline

Activity: 294
Merit: 10


View Profile
October 22, 2018, 12:14:32 PM
 #799

It could not be discussed at all because this dependence in too big and strong and this problem is very serious on the market and its cryptocurrencies as well.
moepaing
Member
**
Offline Offline

Activity: 252
Merit: 10


View Profile
October 22, 2018, 01:46:46 PM
 #800

This dependence ine miningful for ETH but BTC is not so bad influencor as you could think. It also brings new chances for the improving for the ETH.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 [40] 41 42 43 44 45 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!