Have you ever wonder why Ethereum also dropped its value so bad yesterday the same as Bitcoin?
Bitcoin has different blockchain with Ethereum, meaning they don't have a connection with each other, as well as they don't even have the same platform. But why the value is a constraint? Yesterday the Bitcoin drops its value due to some manipulation where some whales take out 10K BTC as per cryptocurrency news.
The question is why is it Ethereum also drops its value the same as Bitcoin? No question about the other cryptocurrencies because we all know most of them to rely on Bitcoin & Ethereum. Did whales or group of people manipulate Ethereum the same as what they did to Bitcoin manipulation?
What is your opinion on this matter?
This is the reason why Bitcoin will never be replaced. Because after all everyone competes to get Bitcoin, not Ethereum, because they understand the value of Bitcoin. As is happening now, old algorithm-based coins like sha256, etc. are not in demand because they have switched to the ethereum token, where they are easier to get an ethereum base token then sell it in bitcoin. I think almost all people like that. It is not intended to discredit ethereum, but the fact is that bitcoin is a cryptocurrency pioneer even though bitcoin technology is lagging behind ethereum technology.