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Author Topic: Is the price of ethereum dependent on bitcoin?  (Read 5117 times)
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November 13, 2018, 01:48:18 AM
 #861

It is not likely like that. Because these two giants, ethereum and bitcoin are not dependent on each other, unlike compared to other tokens. They two have a unique price movement. But I agree that these two are the leader of price rates of the below tokens and coins.

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November 13, 2018, 02:21:01 AM
 #862

Indeed, the increase in each coin depends on the ability of each coin itself. But, bitcoin is their benchmark in developing. Bitcoin is like the crypto leader, where every bitcoin stream will be followed by all the coins in crypto. If bitcoin decreases, it becomes a very critical time for all coins to work with all their might to survive. When bitcoin prices increase consistently, all coins will easily increase their value.

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November 13, 2018, 08:58:01 AM
 #863

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

It was so, when ETH was young, but when ETH started to grow rapidly, connection was lost and now I cannot see any connection between them.
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November 13, 2018, 09:05:01 AM
 #864

As far as I'm concerned, ETH is now independent, and prices are heading down but BTC is still standing at $ 6400. So I think that over time, we will see the current market in a different direction.

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November 17, 2018, 07:27:01 PM
 #865

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

This is true, and it is because ethereum has trading pairs with bitcoin so anything that happens with bitcoin is bound to happen with ethereum. Most of the time the coin is following the price of bitcoin but there are a few exceptions where it does seem like ethereum breaks a little bit from bitcoin and goes its own way, which is what happened a couple of months ago when the price of ethereum went down

 
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November 17, 2018, 07:32:46 PM
 #866

The price of all altcoins not just ethereum depends on bitcoin price. Any little change in bitcoin price, you will also see a direct proportional change in ethereum. Bitcoin price went down just days ago and immediately ethereum price fell also.
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November 17, 2018, 07:35:26 PM
 #867

if you look at the market, you will see how the price of ETH follows the price of bitcoin, which indicates a large impact of bitcoin on the price of ETH.
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November 17, 2018, 07:39:26 PM
 #868

Of course , any other altcoin depends on bitcoin, as if you look at the bitcoin and Ethereum chart, they are almost identical

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November 17, 2018, 07:44:15 PM
 #869

I think it's wrong if someone thinks that ETH prices depend on BTC, indeed for some people think that way, but the reality is that when looking at price movements there is absolutely no connection between ETH and BTC.
the fluctuating nature of ETH with BTC might be aligned, but no one followed and followed each other.

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November 17, 2018, 11:08:51 PM
 #870

As far as we can see after Bitcoin fell a couple of days ago, Ethereum also fell. If Bitcoin is to this is slightly increased, the Ethereum also increased. I think the conclusion is obvious.

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November 17, 2018, 11:29:37 PM
 #871

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
Not all the time the price of ethereum depends on bitcoin but most of the cases it is I think. Also, bitcoin is the main cryptocurrency with a biggest volume in the market and more recognizable by numerous investors and people.
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November 25, 2018, 07:28:04 PM
 #872

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

I think that it is, I mean if you look at all of the coins in the market, they are all dependent on the price of bitcoin so I guess ethereum is no exception from it. It does seem like the only time that ethereum seems not to be following the price of bitcoin is when the coin is going on a downtrend on its own but ever since that it has been following the price of bitcoin

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December 27, 2018, 05:34:45 AM
 #873

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
I think that depends. If we recall the end of 2017, we can see that Ethereum has risen in price, following bitcoin.
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December 27, 2018, 02:45:24 PM
 #874

It seems right and seems wrong too. I am personally confused. If Bitcoin experiences an increase surely ethereum also experiences the same thing. Not only ethereum, the other Altcoin are the same. It seems like that, that when the price of bitcoin rises or falls surely the price of ethereum must experience a rise or fall as well.

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December 27, 2018, 02:47:06 PM
 #875

in fact the price of all altcoin is affected by bitcoin price movements, ethereum will run hardfor in january later, but the price movement of btc holds it to keep rising

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December 27, 2018, 02:54:31 PM
 #876

Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?
it's not just the price of ETH that's dependent on BTC but pretty much all the virtual money, if btc bearish is all altcoin that follow, the only difference is the percentage and volume.


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December 27, 2018, 03:12:15 PM
 #877

Yes all altcoins depents hardly on the Bitcoin-
Whe btc prize is going up all alt coins also going up. But sometimes some altcoins making huge percents as Bitcoin Cash done few days ago.
So sometimes its easier to make money with an altcoin.


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December 27, 2018, 03:18:41 PM
 #878

I don't see the ethereum price depending on the price of bitcoin, but the altcoin price cannot rise significantly if the bitcoin price movement is not stable

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December 27, 2018, 03:23:00 PM
 #879

I don't see the ethereum price depending on the price of bitcoin, but the altcoin price cannot rise significantly if the bitcoin price movement is not stable
actual dependency altcoin priced bitcoin doesn't seem so obvious. the ability of the bitcoin in moving markets make that affects the price bitcoin as if altcoin.  When moving, the market certainly bitcoin also participated in motion, somehow this can all happen perhaps also because the strength of the bitcoin is very strong. and it's impact on the altcoin market which also joined the move.

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December 27, 2018, 03:26:56 PM
 #880

I think it is true to say that not only the price of Ethereum depends on bitcoin but the whole market depends on bitcoin. It is not difficult to notice if you go to the coinmarketcap and see the dynamics of the price for the entire existence of bitcoin and altcoins.
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