Is the price of ethereum dependent on bitcoin?

[Btcmistress]

everything depends on btc

[DavidSurf]

In short, yes. At this point, the marketcap is tied to BTC and fiat. There are people speculating a 'flippening' of course, where Ethereum would lead the space, but that's yet to be seen. Hope that helps!

[herurist]

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

That's true, every coins came from bitcoin, leader from all coins. Most coin will follow bitcoin but if they have not same direction with bitcoin it just because they have higher demand than supply, but it just temporary. Ethereum is good to trade because have significant value than other coins ( except bitcoin ) and until now most people use it as alternative income or send received payment if bitcoin network got delay. See bitcoin and ethereum together can be use to know trend, try it.

[Mike Tyson]

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

in my mind, if there is a connection not only Ethereum but all altcoin to Bitcoin, If you look at the price chart of bitcoin and Ethereum market when bitcoin price drops or rises. so the price of Ethereum depends on Bitcoin. Only on special occasion, Ethereum price sometimes not depending on the price of Bitcoin.

[campusnet]

I think all altcoin like that, bitcoin prices in the market affect the price of altcoin in the market as well. as we know when bitcoin gets hit by bad news that causes the bitcoin price down it makes almost all cryptocurrency decrease due to bitcoin effect.

[Marsyam]

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

in my opinion, if most of Altcoin including Ethereum is indeed bound by Bitcoin. Basically when Bitcoin rises or falls then Altcoin will also follow it.
So a lot of Bitcoin is used and even in exchange, it actually plays an important role in determining the changes that occur in other coin prices.

[vvfvcxl]

Yes, it can be said that all currencies in the market are up and down in bitcoin. If bitcoin is long, other currencies will go up. Although they are all individual individuals, they all need to rely on bitcoin to reflect their value

[azalea69]

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

Do not be surprised but the price of every altcoins are dependent on btc and it will continue to be like that until the market is stabled and regulated.
So literally just make convenient investment and trading and maintain the law DYOR
I believe Blockchain will eventually take over

with Ethereum continuing to experience this steady expansion resulting from Ethereal's striving effort to make the price so high. it proves that the development and price of Ethereum increased in accordance with the efforts of Ethereum itself.

[Fuhre]

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

this is true.
because when bitcoin decreases eth along with other coins will experience the same thing. do not be surprised by this. these are all market conditions.

[just_strange32]

In the cryptographic market, the volatility of all Altcoins depends on the value of the increase or decrease of Bitcoin. They are proportional. Therefore, Ethereum prices are dependent on Bitcoin is normal.

[Milado22]

I think is a related, price of the altcoin and bitcoin always be same and has a photo transverse with nhau, both ETH also

[joesastro]

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

I think personally if the price of  Ethereum and bitcoin is going down if somebody says the,
bitcoin and eth price is up now it is a lie and you can also see the price of the coin in the market or see the graph.

[Cryptojunction]

Is there any possibility to ethereum ranked number 1 in coin market?

[matico]

For now, I think and it's obvious that cryptocurrency in general react on the price of bitcoin. However, this trend might be changing soon. Ethereum for instance has robust network with high volume of trading and activities with time these altcoin should be able to stand on their own!

[arunakiran]

I think so, price of ETH depends on bitcoin. Because cryptocurrency started with bitcoin, it is a manifestation of all cryptocurrencies.
If the price falls of bitcoin, automatically all the currencies prices also pull down.

[Jombrangs]

In my observation the company of ethereum is not depend of bitcoin
because the ethereum has a seprate transactions and never be attached in the company of bitcoin so there is no relationship at all.

[TonyFat]

I think that this is true, but at the etherium it is not much manifested. At the moment, all the coins have fallen, but it's hard to say whether this is due to bitcoins or whether the entire market is falling.

[Arceusz]

I think the price of ethereum is not dependent to the [rice or what in the company of bitcoin
because they are two different in any aspects of the business and at the same time they are not related to each other although they are competitors.

[hides120]

Yes, I think all coins are dependent on bitcoin, only bitcoin is rising and other coins are likely to rise.

[perla]

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

actually it is not because ethereum strong coin that can stand by itself, it is only because when people hold ETH they want to cashout their money because they don't want to miss to sell bitcoin in high price so almost all coins affected by it