Bitcoin reached 10k USD, where Ethereum come at 352 USD

[Krish66]

I like and really want Bitcoin. Even bitcoin is volatile but its overall growth is amazing. From penny to thousands of dollars!!! In 2020 we have already seen Bitcoin's bull market  $4,000 to $12,000, my opinion is that if the price moves lower then  we may just get another chance to buy bitcoin at low price.

[RealMalatesta]

Ethereum also has its own world, which is why normally it doesn't change depending on bitcoin that much, of course if the market as a whole moves a lot that changes ethereum as well but that is only on major whole market changes, not just depending on bitcoin itself.

However even though ethereum has its own world, it is still an altcoin and when bitcoin moves to one side, eventually it takes all others with it as well no matter how big they are, bitcoin all by itself is over 50% of all crypto, you can't expect ethereum to challenge that for a long time. Obviously I wouldn't want ethereum to be tied to bitcoin too much, I do not want any coin to be tied to any coin, I want them all to be independent, that would be a lot better for us, but that doesn't seem to be happening so far.

[jrrsparkles]

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

[btc_angela]

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

Nah, bitcoin investors are smart, they are not into the DeFi thingy, well just to make money and then get out and move back to bitcoin.

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

Again, if all of us are just smart here, this kind of news shouldn't affect us. And we all know that DeFi is such a hype today that we shouldn't be surprised if scammers are taking advantage of it to pull a exit scam.

[philipma1957]

Who wouldn't want to get some cheap ETH, specially for those who have missed the boat.

"cheap" is a very complicated concept when it comes to altcoins specially when you are looking at USD value of them. majority of the altcoins aren't really traded against USD but mainly against BTC so obviously majority of traders are investing their "bitcoin" in altcoins. ETH is not an exception.

even if we ignore that and only focus on USD values, a quick comparison between their USD value and bitcoin USD value shows that altcoins have never been "cheap" specially in the long run. in fact most of them are super expensive and overvalued.

take ETH that you mentioned here. 4 years ago in 2016 when bitcoin was starting its rise after the halving was done and it was sitting at $400, ETH was sitting at 0.035BTC and today after 4 years it still has pretty much the same value around 0.03BTC and it is currently pumped!
and if you had put the same fiat in ETH instead of BTC after 4 years you would be in a loss even though your fiat has grown.
and that's with the current pumped ETH price, keep in mind ETH has unlimited supply and can't keep its price up in the long run due to inflation alone.

Eth is the lever that is used to help boost btc demand.

many pools allow auto-vert of eth to btc. in fact nicehash insists that all the eth you mine must become btc.

So if eth goes up higher then btc it drags the btc price upwards.

As a miner. I mine eth at nice hash and auto vert to btc.

for 4600 i can buy enough gpus to mine 24 usd a day. burning 2000 watts.
for 4600 i can buy enough btc asics to mine 17 usd a day. burning 6000 watts .

so same out of cash i get 7 usd extra. and I also save 4000 in watts.

this is a tremendous disparity in favor of GPU mine eth at nicehash and autovert to btc

when miners such as myself do this is causes a run on older already mined btc. since we mined eth and trade it to btc.

so high profits for eth mining ⛏ really helps out btc price.

these out of wack ratios have not been around in a few years.  mostly in 2016 and 2017.

and coins went to the moon.

I expect a lot of eth this year to act as stimulus for btc price. we will see what happens.

[crzy]

We have reached the bottom of correction and I think we are going to pump again and play the level of $11k. We should not panic on this, but while still you can because the chance to reach bull market is still here. If bitcoin sustain its level above $10k then my prediction is good, but if goes lower then the sideways trend will happen in the next months. Take your research seriously and know when to buy and sell on a very volatile market.

[buwaytress]

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

Where have all the holders gone? Still where they always have been. I know a lot of talk going on about Bitcoin Defi (whatever that really means) but I think Bitcoin users and holder are, thankfully, a lot wiser than that.

Patience always wins in the end. I think the long-termers aren't emotionally affected by this Defi so much.

Next, please.

[AjithBtc]

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

Where have all the holders gone? Still where they always have been. I know a lot of talk going on about Bitcoin Defi (whatever that really means) but I think Bitcoin users and holder are, thankfully, a lot wiser than that.

Patience always wins in the end. I think the long-termers aren't emotionally affected by this Defi so much.

Next, please.

Yes, having patience in cryptocurrency market is always a must. Defi projects are a part of the network, when something in the cryptocurrency market gets to be a scam automatically the network gets affected. This will cause some downward deflection in the market. However the market used to recover once after crashing, and the long term holders are the one to be on the safer side.

[usekevin]

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

Now the price of Ethereum is slowly back to normal. It means, we can able to see the maximum rise soon. Now the price had increased to 376$, really it high compared to old 325$ or 340$.So only holding now will make you a sense. It may increase your profit, if you hold Eth with a patience. All the time, holding people wins the race with some profit.

[arwin100]

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

Now the price of Ethereum is slowly back to normal. It means, we can able to see the maximum rise soon. Now the price had increased to 376$, really it high compared to old 325$ or 340$.So only holding now will make you a sense. It may increase your profit, if you hold Eth with a patience. All the time, holding people wins the race with some profit.

Don't expect a max maximum since we never know what will come on next following days and although we can still the possibilities that it will go thru the last ATH trajectory still we need to set some safeguards to sell when the market collapsed since in my opinion maybe we can see more a pump and dump scheme these days and its good opportunity to us to earn.

[bryant.coleman]

Another Defi scam project stole 20 million dollars from investors, will this going to affect the market again?

I think this will affect the whole crypto market for short time since this is more emotion driven market, whales miggt dump the coins again to create FUD and make the chain reaction of panic selling.

This DeFi bubble is going to burst sometime soon. And last time also, we saw what happened to the Ethereum exchange rates once the IEO bubble burst. There is going to be a very significant correction (anywhere from 30% to 50%) and prices are going to remain at low levels until the next hype appears at the horizon. Any delay from the ETH 2.0 rollout will make matters even worse.

[Republikcoin.com]

It's been almost 2 weeks, it looks like bitcoin price is still hard enough to hit the $ 12k price again. So far, bitcoin's price movement is still trying to hit the $ 11k mark again, while ethereum is trying to hit the $ 400 mark again. Based on the speculation made by the Cointelegraph team, the price of bitcoin could reach a price of $ 9835 if the price dumped again, and could go back up to the $ 11k level if there was a pump, even back to the price of $ 12k. I tend to be optimistic in the opinion that the price can be even higher.

[okala]

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

[kotajikikox]

It's been almost 2 weeks, it looks like bitcoin price is still hard enough to hit the $ 12k price again. So far, bitcoin's price movement is still trying to hit the $ 11k mark again, while ethereum is trying to hit the $ 400 mark again. Based on the speculation made by the Cointelegraph team, the price of bitcoin could reach a price of $ 9835 if the price dumped again, and could go back up to the $ 11k level if there was a pump, even back to the price of $ 12k. I tend to be optimistic in the opinion that the price can be even higher.

lets see what's happen in 4th quarter,Just give market a break now though Bitcoin is sitting at $10,700 now and still trying
to climb up more while ETH seems stagnant at $375 price.
and maybe the next time we climb up $12k will be the stepping ground to reach 15k again and much even more
as the year is fading now.

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

Those have no big understanding in this market are those who ask frequently are those people who has no knowledge how this market goes on and down.

[el kaka22]

Bitcoin itself is right now around $10.9k which means it is very close to $11k, while everyone expected bitcoin to fall to under $10k, it is once again going over 11k which was price just two weeks ago, and price of ethereum is around 375 dollars right now, close to 400 dollars which was the peak recently as well.

So, as you can see we did had a very good few days, we are actually finally going up again, basically going back to where we were couple weeks ago, we really did miss these levels. I am just hoping that next time bitcoin is over $11.5k price and ethereum is over 400 dollars, we do not go down and we do not wait around too much, I just want to see movements and I just want to see hype, if we go above like $12.5k for bitcoin and around 450+ for eth that would be great.

[traderethereum]

It's been almost 2 weeks, it looks like bitcoin price is still hard enough to hit the $ 12k price again. So far, bitcoin's price movement is still trying to hit the $ 11k mark again, while ethereum is trying to hit the $ 400 mark again. Based on the speculation made by the Cointelegraph team, the price of bitcoin could reach a price of $ 9835 if the price dumped again, and could go back up to the $ 11k level if there was a pump, even back to the price of $ 12k. I tend to be optimistic in the opinion that the price can be even higher.

Since yesterday, bitcoin price is hard to rise and break $11k, but this day, the price seems to get a pump, and that can push the price to increase for a bit.
I hope that this weekend, the price can start to rise, even the price will get another rally to $11k and break $12k, which is not happening for some time.
If the dump comes again, I am afraid that bitcoin price won't stay at $10k, and the speculations from Cointelegraph can become real.
But I don't expect that will happen later because I am sure the price can increase back.

[Janation]

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

It will just go back again to that certain price.

The resistance can't be broken so I think it is really obvious that it will just go back. But despite that fall, it is not that low really, right now we can see the price going back to $11K again. I think in no time we will be going back again to a price challenging $12K again. Think of it as a swing investors took so they could break the price of $12K.

[semobo]

This market is a volatility one and what you see happening has happened several times in the past. Those of us that are familiar with his market has seeing this pump and dump of the market several times and those that are wise and patience are market they money through this up and down.

It will just go back again to that certain price.

The resistance can't be broken so I think it is really obvious that it will just go back. But despite that fall, it is not that low really, right now we can see the price going back to $11K again. I think in no time we will be going back again to a price challenging $12K again. Think of it as a swing investors took so they could break the price of $12K.

So far the resistance at 10800 is strong as per the TA so we are not going to dump huge unless there is some unfortunate situation like manipulations in the market.But there is no certain price its just depends on the current market condition.

[Ridwan Fauzi]

Bitcoin reached 10k USD: The price of bitcoin dropped from 12050 USD to 10,223 USD. In just two days, bitcoin came down by over $2000, and once again, investors got a chance to buy bitcoin below 10 thousand. On Thursday, bitcoin hit 9000 after five weeks.

https://www.currencytimes.co.in/bitcoin-reached-10k-usd-where-ethereum-co/

There are some startegies to know where the market will move, like the candlestick pattern, chart pattern and also with uss trend line level. If you know them, you will be aware of the bearish and bullish market. Like this time, I'll predict that bitcoin will face a bearish market at least for this week. Take a look with the daily time frame, the candle that will be formed is bearish engulfing so I'll expect that bitcoin will down first and after that the bull run will come back again.

[pooya87]

Eth is the lever that is used to help boost btc demand.
many pools allow auto-vert of eth to btc. in fact nicehash insists that all the eth you mine must become btc.
So if eth goes up higher then btc it drags the btc price upwards.

lol, not at all.
majority of people including miners (traders, investors,...) all want to make more bitcoin. many of the miners don't want to or can't buy ASICs to mine bitcoin so they mine all kinds of shitcoins with their CPUs and GPUs because it is easier and sometime if that shitcoin pumps they make more profit (which they can also switch from shitcoin to shitcoin) but they all want to have bitcoin in the end.
so these mining pools are making it easier by taking their share for converting all those mined shitcoins to bitcoin.
the total amount is not high enough to affect bitcoin price let alone be considered "boosting btc demand"!!!