Bitcoin Follows Ethereum?

[Lanatsa]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Bitcoin doesn't follow any coins in the market no matter how high or potential it would be because everything would always matter with the demand and support of the community on bitcoin itself.

They can move on their own in terms of new updates or whatever the events that do happen but bitcoin doesn't really care at all. It would still remain to be the top crypto not only for few decades

but rather into the entire crypto market relevance and recognition. If you do believe about ETH potential then you can always opt to diversify instead.

[wxa7115]

I don't think bitcoin will follow ethereum, although ethereum is so powerful and although ethereum is the king of altcoins.
Bitcoin is the king of all coins and all altcoins always follow the price movement of bitcoin. Everyone who is in crypto invests
in this speculative asset and that determines the market, if ethereum it is there that has Vitalik. It's obvious.

Ethereum is the king of altcoins this is true but when the majority of them turn out to be scams or bad projects then this ends up harming the reputation of ethereum long term.

It is kind of ironic, the very thing that makes ethereum a popular coin and that has helped its development as the second most popular coin in the market is the very same thing that affects it and makes it impossible for it to ever surpass bitcoin as some investors do not want their future to be tied to so many unknown variables.

[Quidat]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Time will tell but basing off on the current situation we are seeing in terms of community support then its impossible to say or think that Bitcoin is really following an Altcoins price which is really hard to believe as Bitcoin is the main coin on where we are mainly supporting.If ETH would become POS then there might be some significant changes in terms of price and demand but doesnt mean that it would overtake out Bitcoin  because no one can beat out the kind even though some alts are much better in terms of technicalities and features but still Bitcoin would be still be on the top or peak spot.

[harizen]

Ethereum is the king of altcoins this is true but when the majority of them turn out to be scams or bad projects then this ends up harming the reputation of ethereum long term.

Disagree with you. How come scam projects (other altcoins) can harm the reputation of Ethereum in the long term?

There is "no connection" to that. Ethereum already has a strong community so being reputable should not even a question here.

Projects running in Ethereum Network that turned out to be a scam are already a common thing we see in crypto since then. The impact of it is, there might be few investors willing to participate, for example, in crowdfunding, ICO, IPO, etc. of some projects in the future because of scams,

[kpierce77]

ETH might grow a lot in the future because of its upcoming updates but that is not enough reason to take over Bitcoin, and force Bitcoin to follow the trend of ETH. We all know over the past years Bitcoin dominates this market and we always follow that trend, I still believe that despite of the growing competition in this market, Bitcoin will remain superior and its really hard to challenge BTC for some reason.

As far as ethereum develops and no matter how big the market cap is, bitcoin will still be considered a fundamental coin for crypto. because almost all the familiarity of the crypto community around the world is due to bitcoin, and because bitcoin is also a trend, other coins also have a place as a means of investment.

[STT]

Im very interested in how proof of stake can alter ETH to have a greater positive dynamic but its not certain to do so thats why it'll be interesting to see.  I reckon there is an accumulation dynamic in ETH from POS and the way it encourages storing value in order to take part in the yield from transaction fees.   Nobody knows it will work out for sure but I have used POS blockchains since 2014 and they are quite viable in operation I think, on this scale I dont think its been done before and so it will finely get a proper test of good and bad factors.
   Even after all that possible maybe positives or negatives, I doubt BTC would follow ETH for direction until the monetary base of ETH and/or revenue is greater then BTC and its got a long way to go yet.    Before then ETH will likely cycle many times through appreciation and sell offs just like BTC had to in order to get here, if only because some people have too much ETH and the value will distribute.  If ETH can keep up a greater demand vs supply even after this POS factor becomes old then maybe perhaps we can discuss this topic again, its not happening this year and it might fail anyway in some way.

[mhine07]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

I think its the opposite, etherium follows the bitcoin in terms of value bitcoin is much higher than etherium. Many speculations since the bitcoin came to the top of all cryptocurrencies, etherium seems to be the second and this two is the best to invest long term because of the big profit that you can earn with them.

[Fundamentals Of]

Will Ethereum become deflationary in the future? Is it the future plan of Ethereum? I cannot remember hearing or reading this kind of plan. If there is this kind of plan, then it would better compared to its supply being unlimited.

But I don't think Bitcoin's price will follow Ethereum's price. It might be the other way around. Ethereum's price will follow Bitcoin's price. But that too is difficult to happen. Bitcoin's position is hard to reach. And the 21 million overall supply matters a lot.

[Rajamuda]

I don't think it will ever, bitcoin is like the mother of other crypto coins and the others will not be able to exceed bitcoin because of the things that can affect it.
However, we should not focus too much on price movements which are indeed more dominant raise on the Ethereum, but still the value is more valuable bitcoin for all the properties it has until its role in the digital world.

[crwth]

I don't think it's going to change anytime soon. It's always going to be Bitcoin and then Ethereum no matter the price of it is. I'm pretty sure that when you ask someone if they know cryptocurrency or the likes of it, it's always going to pop up as Bitcoin to be the first coin of it.

I think it's safe to say that it's not gonna happen yet. Maybe if there is an "ETH Market" on an exchange, then it could dictate it but the majority of the exchanges have these types of markets

• BTC Markets
• Fiat Markets
• Alt Markets

[GreatArkansas]

There are really a lot of things we should consider here. Having Bitcoin is the highest market cap on cryptocurrency right now is a very huge advantage that other cryptocurrency will follow Bitcoin, it is one of the reason for me why Ethereum and another cryptocurrency will only follow Bitcoin.
As you can see how the Bitcoin Dominance moves lately (https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/),
if you can observe, if Bitcoin dominance is dropping, it's likely but not totally = Bitcoin dumps/bitcoin sideways and Ethereum is pumping or not dumping huge amount.

[arwin100]

Try to look at the market you will see that majority of alts will be dumped including ETH if bitcoins is dumping, thats the reality happening even by now and I didn't see the scenario where bitcoin follows ETH since many are still looking at the bitcoins as the top leader of the alts although ETH is the 2nd but there are still so many things needed to happen before it overcomes bitcoin.

[chikading2016]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

No i think his can never be, because ethereum is not as big as bitcoin, if we look at the price bitcoin is very big why eth is very small if we also see the past price chart never in a history that the bitcoin will follow eth it is always eth follow bitcoin in every bull run when bitcoin rise eth will follow.

[yohananaomi]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

principles in crypto clearly make any opportunity possible, but ethereum must be able to solve its problems first, such as high costs that have not been perfect once proven to be able to go down.

No i think his can never be, because ethereum is not as big as bitcoin, if we look at the price bitcoin is very big why eth is very small if we also see the past price chart never in a history that the bitcoin will follow eth it is always eth follow bitcoin in every bull run when bitcoin rise eth will follow.

if you look at the market cap of ethereum and bitcoin, it doesn't seem like the difference is too big and it might happen if ethereum can change the system even better than now.
because the opportunity will always be possible if ethereum is able to improve the properly, but it will always take time that is not instant to achieve.

[Roy Asher]

I don’t think it will be. Bitcoin is a leader in the encryption field. The value of altcoins follows Bitcoin. Ethereum is the operating system layer of the blockchain and is an application currency. Bitcoin is definitely a value that no one can shake. , But if you want to invest, you can hold both.

[ILuckyGuyI]

I don't know about this. Ethereum has a disadvantage also against Bitcoin. Its max supply is unlimited but it's the opposite for Bitcoin. This could be an important factor hindering Ethereum price to get past Bitcoin's. Bitcoin has also a very big dominance in the market and I don't think that this scenario will change too much in the near future at least.

[btc78]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

Then if this comes meaning Ethereum will be the king and Bitcoin will end up number 2 ? nope this is impossible to happen unless bitcoin will lose sympathy and belief from the supporters things that i think won't ever come in our lifetime .

I don't know about this. Ethereum has a disadvantage also against Bitcoin. Its max supply is unlimited but it's the opposite for Bitcoin. This could be an important factor hindering Ethereum price to get past Bitcoin's. Bitcoin has also a very big dominance in the market and I don't think that this scenario will change too much in the near future at least.

And Ethereum also experience congestion like what Bitcoin is facing like what happens recently and this is the disadvantage of Ethereum as well.

[Clairvoyance]

Do you think it's possible that the Bitcoin price will follow Ethereum price in the future? When Ethereum becomes proof of stake and becomes deflationary, can it happen?

You've got it twisted buddy. Bitcoin has a current market cap of $634,250,199,037 compared to Ethereum's $246,611,661,646. Bitcoin will always be the driving force and all other will be affected.

[semobo]

People follows bitcoin movement in the same time people also follow the ethereum movement, Did I say correctly? No people who called investors and traders decides or causing the price movements and most of the time ethereum price movement is similar to bitcoin but not all the time.

[Ngemmeng]

Honestly, I'm still confused about the meaning of your question, what do you mean by following? We all know that there is no atcoin that can exceed bitcoin in all aspects. I admit that ethereum is the biggest altcoin right now, but that doesn't mean it can beat bitcoin (even in the future)