Is the price of ethereum dependent on bitcoin?

[JembatanMerah]

It is indeed a bit much bitcoin give effect and affect the movement of the price of other coins, for example, the only ethereum. no denying that indirectly bitcoin it gives its influence in terms of price movement. This is normal, given the strong position of the bitcoin himself in cryptocurrency.

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[kjn311]

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

I also hold the opinion that to a large extent the price and dynamics of Ethereum depend on the current quotations of BTC. After all, BTC remains the real trendsetter in the crypto market, directly affects the prices of all altcoins, Ethereum in this respect is no exception.

[copyfile]

I don't think that's true. Since there have been cases more than once, when the BTC price grew up, and the ETH rate fell down. In any case, it is not clear whether this is so in fact. After all, all coins except BTC do not lend themselves to any Analytics at all. So we have to wait for this issue to be settled and we will also be able to consistently monitor the growth or fall of the coin, for the right time.

[Temlopie]

As I would see it the cost of Ethereum, as well as the various cryptocurrancy coins either specifically or in a roundabout way depend on Bitcoin. Since Bitcoin is the lord of cryptocurrancy, where it is the principal coin to show up on cryptocurrancy. In cryptocurrancy, Bitcoin has extraordinary specialist in creating other altcoin trips.

[Sakura miko]

As I would see it the cost of Ethereum, as well as the various cryptocurrancy coins either specifically or in a roundabout way depend on Bitcoin. Since Bitcoin is the lord of cryptocurrancy, where it is the principal coin to show up on cryptocurrancy. In cryptocurrancy, Bitcoin has extraordinary specialist in creating other altcoin trips.

Bitcoin affects the value of Altcoin because Bitcoin is the parent of Altcoin, but that doesn't always apply especially for new coins, I often see the movement of new coins outside the Bitcoin path, but indeed if for coins not far from Bitcoin it is more dominant in the Bitcoin movement.

[ka4ok1331]

I think that most of the coins depends on Bitcoin's price because it has the biggest dominance on the market and a lot of transactions are throw bitcoin. This make Bitcoin very strong

[MOProgress]

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

This is true although it does not have total control of Ethereum price but the price of Bitcoin affects all the altcoins. So if BTC price goes up and when its down it also affect them.

[Lorik777]

The fact is that the entire crypto currency market, and not just the ethereum, follows Bitcoin. When bitcoin grows, the whole market grows. Some coins grow larger, others grow less. Rarely, when some kind of coin grows when bitcoin falls, it is rather an exception.

[goku1525]

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

This is true although it does not have total control of Ethereum price but the price of Bitcoin affects all the altcoins. So if BTC price goes up and when its down it also affect them.

A lot of people says ethereum depended on bitcoin market but in my perception I think it all depends on the demand and supply to improves the market fluctuations.I think bitcoin is not the same with ethereum but still belongs as crypto.

[petermike]

Actually the price of ETH and the Altcoins on the coinmarketcap market are heavily dependent on Bitcoin. So when Bitcoin discount ETH also decreased and this is the negative side of crypto.

[winspiral]

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

it is possible that if BTC price goes down,then ETH holders sell ETH and buy BTC.
So we have a natural relativity.

[Cryptrx]

To an extent the price of Ethereum depend on the price of bitcoin and so do other altcoins but recently the crypto market has shown that Ethereum has a lot of factors affecting it's price like ICOs who sell the ETH they raised during ICO.

[zhangxie29152784]

I don't actually think ether's price follows bitcoin because ether has its own platform, and most ICO's rely on ether. Ethereum has a large number of users.

[santaluis88]

This is true. By the price of the market is dependent on the BTC price. All BTC fluctuations have a huge impact on alcoins. In addition, the transaction decks have BTC/Alcoin, which is the organizer of a confidential relationship to the market

[zedaq]

Of course, I think that the smallest schoolboy can tell you about this, who knows what bitcoin is and can really understand what to do, because it seems to me that everyone understands that everything depends on bitcoin.

[Ilefotobad]

To my own view, yes.. I believe with time bitcoin's share of the market will get a bit smaller which will give all altcoins a Little  bit more dependable..

[criket]

Of course, I think that the smallest schoolboy can tell you about this, who knows what bitcoin is and can really understand what to do, because it seems to me that everyone understands that everything depends on bitcoin.

not really, you can see some prices for some tokens like dogecoin which tend to increase when bitcoin has decreased. yes it is true if bitcoin has the power to move prices in the market. but it all depends on the concept and runs some altcoins that have the ability to neik when btc goes down.  well as ethereum.

[Darkmoon85]

Yes Ethereum & all the alt coin depends on Bitcoin. As Btc is the father of crypto currency it controls the whole coin market.Bitcoin is the best one in this world. All time Ehereum and all altcoin depend on bitcoin. Ethereum provides a platform for developers to build a wide variety of applications that already have a trusted blockchain platform as its base.

[Le Anh]

bitcoin will always lead all existing coin coins, because bitcoin is the first crypto currency that appears and has a fantastic price. bitcoin is also the first choice for someone to invest. so if ethereum replaces bitcoin in the next 10 years I think it's difficult and takes a very long time.

[doroshok]

I believe that the value of any altcoins depends to some extent on bitcoin. But the main thing that affects the cost of Ethereum is investments. The more people invest in Ethereum, the more expensive It becomes.