Bitcoin dump, Ethereum pump!

[Rufsilf]

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.


JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

[tokeweed]

^  Rofl!  Does that face look like a guy who wouldn’t dump BTC?  

But here’s the thing tho, if BTC dumps, everything else dumps.  BTC still owns the space, love it or hate it...  I mean just look what happened an hour ago.  BTC dumps then drags everything down with it.

And so...  Euro time zone dumped, let ‘s wait for the US time zone.  They’re due up in a couple of hours or so.  It’s almost 7:00am ET.  There’ll be a lot of broken clocks.  

[stadus]

Please don't put that picture, lol..

Whether how many experts would say about bitcoin dumping and an altcoin will replace its dominance, I would never believe in that.

As what is shared, that guy in the picture is not a fan of bitcoin, so what can you expect from him, his statement is biased and he will not always appreciate the reality that bitcoin will dominate no matter what.

[Sanitough]

JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

It explains already his view on bitcoin, why would we though that bitcoin will dump when it's the most important coin in the crypto market. Before the crypto market is created, we only know bitcoin, and then altcoins are created and they become popular as well.

As per usage wise, we can tell that ETH is better, but as long as the majority of people trust bitcoin over altcoins, bitcoin will remain at the top
In the long run, it's not the whales who will dictate but the masses who hold and use bitcoin.

[ethereumhunter]

Ethereum is not rising too high, so I prefer to wait for more, but bitcoin is down for more. I hope the price is not down too deep because we have already seen that before. But we can not do anything if the price is still getting down and drops to $40k while we also get a discount for more to buy bitcoin. This month seems to be the downtrend for the crypto market, but hopefully, next month will be a good month that can turn the direction and have a big rally until the end of this year.

[tokeweed]

BTC seems to have bounced as soon as 9:00am ET hit.  Let’s see if this is just a dead cat bounce or if it’s a recovery.  Hoping for the latter of course, for all our sakes.  Lol. 

Around 15 minutes to go til the next hourly candle...

[BurningChrome]

It is impossible to predict the future of the market and the price of crypto-assets like Bitcoin and Ethereum. Some will say that their value will rise, some say that their value will fall, but not much can be predicted when it comes to these digital currencies.

Bitcoin and Ethereum are both highly speculative assets that cannot be used as a currency globaly because they lack legal support. They are both volatile and volatile assets cannot be used as currency and often lose half their value, or more in just a few days. Until the level of speculative investing in crypto-assets grows and become more mainstream, it is difficult to predict where their value will go in the future.

[Lucius]

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

I have the impression that some passionately want Bitcoin to be removed from the throne in any way, and all just so that those who joined the BTC gold rush late could profit. There is no surprise here, everyone who bought coin X during 2017 or earlier for less than $10 per coin has already profited, but is wondering if its price can be even higher.

However, the key features of Bitcoin are not something that any altcoin can just copy, so I think that in the long run no altcoin will take over and become the new king on the throne.

[Turbolinea]

Recently, actually Bitcoin and Ethereum price is moving parallel to each other. But some time ago, Ethereum price was really increasing while Bitcoin's was decreasing. And this could be a sign for the future also. Of course, it will not be easy for Ethereum price to get past Bitcoin's. But I think that it has a potential to do this. Because Ethereum is getting better every year with new big updates.

[mk4]

Recently, actually Bitcoin and Ethereum price is moving parallel to each other. But some time ago, Ethereum price was really increasing while Bitcoin's was decreasing. And this could be a sign for the future also. Of course, it will not be easy for Ethereum price to get past Bitcoin's. But I think that it has a potential to do this. Because Ethereum is getting better every year with new big updates.

Having frequent updates is not much of an advantage than most people think. More updates and more moving parts = far higher chances of bugs and exploits. Remember, we're talking about blockchains here. Bugs are 1000x more disastrous compared to a bug in a typical AWS-hosted app/platform. Kudos to them if they can keep up with the same pace without any problems, but time will tell.

[Sanitough]

Recently, actually Bitcoin and Ethereum price is moving parallel to each other. But some time ago, Ethereum price was really increasing while Bitcoin's was decreasing. And this could be a sign for the future also. Of course, it will not be easy for Ethereum price to get past Bitcoin's. But I think that it has a potential to do this. Because Ethereum is getting better every year with new big updates.

That was a long time ago, and it did not actually happen consistently because bitcoin is still very consistent with its dominance. The lowest dominance rate of bitcoin I remember was over 30%, and now the dominant rate per CMC is 42.3%, and this is actually good for altcoin as before the bull run, it was almost 60%, but as we can see, 42.3% over 17.9% for ETH, there's a huge difference.


    (https://coinmarketcap.com/)

[Furious 7]

Please don't put that picture, lol..

Whether how many experts would say about bitcoin dumping and an altcoin will replace its dominance, I would never believe in that.

As what is shared, that guy in the picture is not a fan of bitcoin, so what can you expect from him, his statement is biased and he will not always appreciate the reality that bitcoin will dominate no matter what.

It's impossible for bitcoin to be dumped and replaced by altcoins, I think it's bitcoin haters who keep giving bad FUD.

So still bitcoin will have more fans than altcoins and this is also how it is completely dominated by bitcoin, if the dumping happens it will follow all altcoins that move down, so what JP morgan said is the person I never responded to .

[Jating]

It's the monthly end of bitcoin future contracts expiration, and usually bitcoin does dump during this time. However, I'm not seeing a huge pump on Ethereum, on the contrary, they've lost the $3k price range. While bitcoin remains on the safe side around $42k-443k.

So it means that smart investors are still buying bitcoin at this price. And for those who have dump bitcoin and move to Ethereum, it will be temporary, they know that bitcoin will go up in the next 3 months. So again if they are smart investors-> buy BTC, simply as that. Forget about Dimon, and usually when he opens his mouth and spew negative things against bitcoin, JP Morgan do the opposite (buy the dip.)

[stadus]

Please don't put that picture, lol..

Whether how many experts would say about bitcoin dumping and an altcoin will replace its dominance, I would never believe in that.

As what is shared, that guy in the picture is not a fan of bitcoin, so what can you expect from him, his statement is biased and he will not always appreciate the reality that bitcoin will dominate no matter what.

It's impossible for bitcoin to be dumped and replaced by altcoins, I think it's bitcoin haters who keep giving bad FUD.

So still bitcoin will have more fans than altcoins and this is also how it is completely dominated by bitcoin, if the dumping happens it will follow all altcoins that move down, so what JP morgan said is the person I never responded to .

It's unlikely but not impossible I guess, the market is very unpredictable, and although bitcoin is already at the top now, the crypto market will still exist and continue to be popular if an altcoin will lead it. I'm not convinced of what he said too, but I will have to digest this kind of negative opinion about bitcoin as it's important if you are investing in a high-risk market.

[Gozie51]

I don't think bitcoin will drop dominance. This dump lately is because of the news from China and bitcoin will always be the worst hit as investors will immediately dump bitcoin and go for the second highest in cryptocurrency which is bitcoin because of the experience of 2017 that altcoins rose after bitcoin started dropping. Investors have been expecting the altcoin run since 2020 when bitcoin bull was highest do far and they expecting this to happen with altcoins for huge cash but unfortunately, bitcoin is recovering again.

[Woodie]

Is the heading suggesting that king bitcoin is losing grip of its throne to Ethereum?? From how things look on my side I might think this could be normal demand of Ethereum going on as eth users try to move their eth tokens here and there nothing from the extraordinary but if this trend keeps up it might be an aspect of manipulation to bring this topic to life and influence us to give second opinions. I hope am wrong about the last part but anything is possible.

[samcrypto]

Is the heading suggesting that king bitcoin is losing grip of its throne to Ethereum?? From how things look on my side I might think this could be normal demand of Ethereum going on as eth users try to move their eth tokens here and there nothing from the extraordinary but if this trend keeps up it might be an aspect of manipulation to bring this topic to life and influence us to give second opinions. I hope am wrong about the last part but anything is possible.

This thread is not to influence I guess but to create a debate on which one is better. Well, this is a normal scenario since then, when Bitcoin dumps altcoins will rise its just that ETH is the top altcoins and that is why it is being compared to BTC. Bitcoin will remain on top, this can’t be changed and we all know that there’s no altcoins that are capable to do so, even ETH can’t replace BTC this is the reality.

[Slow death]

It's amazing that when someone doesn't like bitcoin he uses lower manipulation methods, he used to say that gold was better than bitcoin now that he realized that the price of bitcoin has soared and made big profits people wouldn't listen to him if he talked about gold so he went looking for something that could make people deviate from bitcoin, unfortunately for him this will not work, there is no way to compare ETH with BTC, both have already defined their community and objectives

[Hippocrypto]

Both ethereum and bitcoin had been through a lot of challenges which really caused a lot of worries. Basically this what we've experienced seeing major dumps, price goes down unexpectedly but not really affected huge group of holders.
We will see how the price going to be after end of September, hopefully recovery takes place this October without hindrances.

[livingfree]

JP Morgan/Jamie Dimon only wants to buy all of those cheap bitcoins that will listen to his advice.

If they're even accumulating for the past years and stopping calling what they've used to call bitcoin then people shouldn't listen and just keep their bitcoins.

Just keep it and if someone wants to buy ethereum, buy it with your money and don't dump bitcoins for it.

[Kemarit]

JP Morgan/Jamie Dimon only wants to buy all of those cheap bitcoins that will listen to his advice.

If they're even accumulating for the past years and stopping calling what they've used to call bitcoin then people shouldn't listen and just keep their bitcoins.

Just keep it and if someone wants to buy ethereum, buy it with your money and don't dump bitcoins for it.

I'm not going to be surprised if JP Morgan is buying in this dip again, that's why Jamie Dimon resurfaces and claim that he doesn't own Bitcoin and create another FUD. But behind our backs, his son is into BTC. Total contradictory of father-son as regards to their investment.

In any case there is no shift of investors fund, when Bitcoin dumps everyone bleeds and that case still remain up to this moment. The fact that Bitcoin is the prime mover in this market already says it all.

[Poker Player]

Although from here we call altcoins "shitcoins", I think it is clear that some will survive alongside Bitcoin and succeed. Even if we don't like it, I think one will be Ethereum, because of the massive and growing adoption it is having.

This is not a defense of Ethereum on my part, I do not have Ethereum and I think I will never buy even to diversify for an ideological question: I do not like neither the centralization nor its 70% premining.

[marine4u]

I don't think bitcoin will drop dominance. This dump lately is because of the news from China and bitcoin will always be the worst hit as investors will immediately dump bitcoin and go for the second highest in cryptocurrency which is bitcoin because of the experience of 2017 that altcoins rose after bitcoin started dropping. Investors have been expecting the altcoin run since 2020 when bitcoin bull was highest do far and they expecting this to happen with altcoins for huge cash but unfortunately, bitcoin is recovering again.

China has been doing that for a decade as it worries bitcoin will become a pivotal point in the global financial and trade war.  If everyone understands and is smart about this FUD will know what to do with bitcoin.  If they decide to break with bitcoin, their influence will dwindle over time over their standing in the world.
While Wallstressbets launched a subreddit dedicated to bitcoin and crypto, things are turning against China as a result.

[ajqjjj]

Thank you for sharing this Rolf.
Possibly that could be the dominance of Bitcoin will replace by Ethereum but I don't know this man can dump Bitcoin since Ethereum was in the next position of Bitcoin then it could be, but bear in mind Bitcoin price movement will also affect the altcoins price, most of them.
Something that there is a hidden agenda with JP Morgan about this, I smell something different on him.

[livingfree]

JP Morgan/Jamie Dimon only wants to buy all of those cheap bitcoins that will listen to his advice.

If they're even accumulating for the past years and stopping calling what they've used to call bitcoin then people shouldn't listen and just keep their bitcoins.

Just keep it and if someone wants to buy ethereum, buy it with your money and don't dump bitcoins for it.

I'm not going to be surprised if JP Morgan is buying in this dip again, that's why Jamie Dimon resurfaces and claim that he doesn't own Bitcoin and create another FUD. But behind our backs, his son is into BTC. Total contradictory of father-son as regards to their investment.

In any case there is no shift of investors fund, when Bitcoin dumps everyone bleeds and that case still remain up to this moment. The fact that Bitcoin is the prime mover in this market already says it all.

Well, we can have that guess that he's always buying every dip.

He has been like that even before and made a fake statement that sent the market down which was his favor. His son? I think that you're talking about Peter Schiff?

[stomachgrowls]

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

We do have lots of question similar to this back in the past.If we do consider on how many popular or known people have told their sentiments between bitcoin and other top alts then we do have lots.

Overall market dominance is still sitting on almost half compared to bitcoin which isnt the same on where ETH is almost catching on dominance back in the past.So i dont see on where
they do really get these impressions.

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.

We do have our own preference and own will to take up decisions on what are the things we do like.
This isnt only the basis for your investment advises.

[StreakW]

Ethereum will not be able to beat the dominance of bitcoin because the capitalization of Bitcoin is still very large compared to Ethereum. Basically, the price of Ethereum almost always follows the direction of the Bitcoin movement. If Bitcoin goes up, then Ethereum will go up even more. if Bitcoin goes down, Ethereum will have a stronger decline.

[carlfebz2]

Ethereum will not be able to beat the dominance of bitcoin because the capitalization of Bitcoin is still very large compared to Ethereum. Basically, the price of Ethereum almost always follows the direction of the Bitcoin movement. If Bitcoin goes up, then Ethereum will go up even more. if Bitcoin goes down, Ethereum will have a stronger decline.

We cant tell but there would be some probability and it all varies with the demand or the community support because this is something that could really changed up overtime which means
that if there are some sort of reason on why people would be transferring on ETH then it could really happen but its really hard to believe on that it would really be happening on upcoming years to come
but since future is unpredictable then we are open to the possibilities.

[noormcs5]

^  Rofl!  Does that face look like a guy who wouldn’t dump BTC?  

But here’s the thing tho, if BTC dumps, everything else dumps.  BTC still owns the space, love it or hate it...  I mean just look what happened an hour ago.  BTC dumps then drags everything down with it.

And so...  Euro time zone dumped, let ‘s wait for the US time zone.  They’re due up in a couple of hours or so.  It’s almost 7:00am ET.  There’ll be a lot of broken clocks.  

That's just a tactic to make more people invest in Ethereum. There is no way that Ethereum will replace the Bitcoin marketcap. Bitcoin will always remain at the top of cryptocurrency. Also we know that when bitcoin dump, all altcoins dump including Ethereum.

[pooya87]

Shitcoins such as ethereum have been dumping hard over the past 4 years, in fact majority of them haven't been capable of recovering more than 20% of what they lost during these years. Meanwhile bitcoin has not only recovered all the price it lost (from $20k down to $3k then back to $20k) but also it went up 3 times higher than its previous ATH.

In short term the pumping teams will use any excuse (like shethereum having some small pumps due to its possible upcoming fork) to pump some shitcoins but they will follow it up with a big dump to pull their money out and pump the next shitcoin.

Besides nobody with half a brain would ever invest in a useless inflationary coin with unlimited supply and a massive premine for long term.

[the ghabbar]

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.


JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

In terms of readiness, bitcoin is more profitable than Ethereum, bitcoin has a very long process in crypto, while ethereum has not gone through the difficult process bitcoin has experienced, bitcoin's dominance will indeed decline, but not because bitcoin has no movement in the market, but because the buying and selling value of bitcoin will be higher, and this will be difficult to reach for people who have middle class finances, while ethereum has a difference, almost many people can afford to invest, the competition between bitcoin and ethereum will continue to exist all the time, but to shift bitcoin I don't think it's easy for ethereum.

[el kaka22]

I would assume that ethereum would definitely be something that could be a lot more favourite for the futures trading. The main reason for this is the fact that we could potentially see something a lot more serious here, a lot more volatility, and a lot more news worthy stuff. In bitcoin it is basically just a regular boring thing and nothing too complicated or nothing that much of a big news comes out.

The biggest news bitcoin gets is like Elon Musk tweet or china ban or something like that which is boring at this point. Hence ETH is a lot better and a lot more worthy for futures.

[skarais]

~~~
The biggest news bitcoin gets is like Elon Musk tweet or china ban or something like that which is boring at this point. Hence ETH is a lot better and a lot more worthy for futures.

Sometimes bitcoin are boring just because of FUDs in circulation and sometimes those FUDs are also necessary as another way to open up opportunities for bitcoin enthusiasts to buy more when more people start throwing them away. If you tell me to choose then I'm still confident enough to choose bitcoin as a long term investment asset simply because of its decentralization and apparent usefulness. I'm not one of the Ethereum haters because previously in the context of investing I have made a profit from it in the past. But bitcoin is still the number one choice until now because it is the king of cryptocurrencies. We have a preference for determining which assets we believe will make a profit over a certain period of time, so don't worry about your choice when you are responsible for your money and accept the risk.

[tokeweed]

BTC is looking like shit again after looking promising earlier...  And I misread the thread title.  I thought it was BTC dump, ETH dump.  Lol.  But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market.  But in the end, every alt follows BTC.

[btc_angela]

BTC is looking like shit again after looking promising earlier...  And I misread the thread title.  I thought it was BTC dump, ETH dump.  Lol.  But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market.  But in the end, every alt follows BTC.

And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.

So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.

[traderethereum]

If ethereum can rising higher while bitcoin is dump hard, that will not be a problem for me because I can still make a profit by selling some ethereum I have and maybe I will convert it into bitcoin or USDT.
But today, I see that both bitcoin and ethereum have good progress in increasing together. Although bitcoin is not increasing too high, I consider it a good step for bitcoin to increase.
Ethereum itself is now back to $3,000, according to CMC, so that gives us a nice profit if you sell for some amounts and wait for another correction to buyback.
So hopefully, next week can be a good time for bitcoin and ethereum to increase back and reach the highest price.

[Victorycoin]

The price of bitcoin and ethereum will increase and will depend on the movement of the dump market both currency prices rise but it is a good move even it is an etherium pump ethereum's price goes up, it's time to sell and it's time to retain bitcoin. The amount of profit will be good then there is the position of other symbolic currencies ethereum or ripple is actually the currency of the future, then their price will go up and bitcoin will go down for all these reasons, its price suddenly decreases and then rises suddenly.

[Kusman]

For now, it seems near impossible. But in the future, there is no guarantee for Bitcoin to maintain its place forever. Maybe Ethereum doesn't have limited supply. But this is not an obstacle for it to leave Bitcoin behind in the future. If the demand for Bitcoin starts going down to zero at some point and Ethereum continues to grow, then Ethereum will have a big chance to overtake Bitcoin in terms of the price.

[tokeweed]

BTC is looking like shit again after looking promising earlier...  And I misread the thread title.  I thought it was BTC dump, ETH dump.  Lol.  But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market.  But in the end, every alt follows BTC.

And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.

So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.

A diamond hand?  Lolol.  Is that what they call holders these days?  Yeah sure...  I-i am a ‘diamond hand’..  I guess.  But ‘I lost my private keys in a boating accident.’.  Lol.

Anyway, BTC is looking slightly decent today and hopefully it carries on to October. 

[Ararbermas]

Well opposite happened because bitcoin really pump within 24hrs and seems still want to push more base on the percentage itself in the market at this point, wherein unlike ethereum that seem just following the trend of the market along with some alts but not that much like what performance of bitcoin had right now. Now i missed the opportunity because I'm expecting too much correction. Lol my bad! Imagine bitcoin is up by 6% and still counting probably. But i hope it will not last.. Lmao just kidding..  

[stomachgrowls]

BTC is looking like shit again after looking promising earlier...  And I misread the thread title.  I thought it was BTC dump, ETH dump.  Lol.  But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market.  But in the end, every alt follows BTC.

And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.

So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.

A diamond hand?  Lolol.  Is that what they call holders these days?  Yeah sure...  I-i am a ‘diamond hand’..  I guess.  But ‘I lost my private keys in a boating accident.’.  Lol.

Anyway, BTC is looking slightly decent today and hopefully it carries on to October. 

People do really call of something whatever they do have in mind which diamond hand is some words that i had heard up also a while ago about being that kind of holder which didnt really make any sell outs despite of the market condition.

Surely talking about situations about correlation in between bitcoin and other altcoins then i do always consider out that they arent really connected to each other but when it comes to trends
then Bitcoin could surely drag off most coins in the market on a particular point which its really hard to make out conclusions in regarding to this.

They could go both ways or would go in opposite sides which you cant really tell at all.

[Oasisman]

BTC is looking like shit again after looking promising earlier...  And I misread the thread title.  I thought it was BTC dump, ETH dump.  Lol.  But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market.  But in the end, every alt follows BTC.

And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.

So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.

A diamond hand?  Lolol.  Is that what they call holders these days?  Yeah sure...  I-i am a ‘diamond hand’..  I guess.  But ‘I lost my private keys in a boating accident.’.  Lol.

Anyway, BTC is looking slightly decent today and hopefully it carries on to October. 

A dimond hand but a fragile one lol.

I guess we'll have to get through the September fever of Btc's price trend this month as September usually is a bearish season for cryptomarket.
Though Btc bounces back a little after it fell close to $40,000 in cmc, but I guess the correction ain't done yet. We might see below $40,000 as China continues to spread FUD and El Salvador Bitcoin adoption doesn't seem to be in a good situation, and here's another statement against Bitcoin from a person who doesn't support Bitcoin in the first place lol.

[TravelMug]

BTC is looking like shit again after looking promising earlier...  And I misread the thread title.  I thought it was BTC dump, ETH dump.  Lol.  But ETH pump would’ve been ideal for the sake of finding some continuation for the bull market.  But in the end, every alt follows BTC.

And for the sake of argument, not just btc market is going down, or crypto in general, all other traditional markets around the globe is having a bearish trend this September.

So yeah, btc looking shit after a good month last August, reaching as high as $52k and now we are off by $1k. But that it is the nature of btc, and I'm sure you are a diamond hand, and so as the others. This is just another month wherein September is not really performing well just like in the previous years.

A diamond hand?  Lolol.  Is that what they call holders these days?  Yeah sure...  I-i am a ‘diamond hand’..  I guess.  But ‘I lost my private keys in a boating accident.’.  Lol.

Anyway, BTC is looking slightly decent today and hopefully it carries on to October. 

A dimond hand but a fragile one lol.

I guess we'll have to get through the September fever of Btc's price trend this month as September usually is a bearish season for cryptomarket.
Though Btc bounces back a little after it fell close to $40,000 in cmc, but I guess the correction ain't done yet. We might see below $40,000 as China continues to spread FUD and El Salvador Bitcoin adoption doesn't seem to be in a good situation, and here's another statement against Bitcoin from a person who doesn't support Bitcoin in the first place lol.

Yeah, thank you September, you are done for now, lol.

So the bearish trend of September still continues, and hopefully if the pattern holds true then the next three months will be a good month for bitcoin right?

Price looking good today, maybe we can jump to $44k-$45k this week so that we can recover what we have lost last month. It seems that the correction is somewhat settled down, market will be stable and be optimistic that a break out run will happen again to even push to $48k-$50k at the end of this month.

[Farma]

If JP Morgan isn't a fan of bitcoin, or doesn't really like bitcoin, it's hard to see someone who isn't a fan of something would support it. besides, long ago, many people have said that some altcoins will become competitors, or replace bitcoin, even this is not the first time for ethereum. well, ethereum is a very good coin, but there are still some problems that users complain about until now. besides, even when ethereum has become very good, even some people say that ethereum is better than bitcoin, but it can't replace bitcoin, in fact the current movement of ethereum is really still affected by bitcoin price.

[Wong Gendheng]

If anyone still thinks that altcoins are very dependent on the bitcoin market then this is a wrong opinion, even the transaction volume of Tether is already 2x than the daily transaction volume of bitcoin, and ethereum transaction volume is about 65% of bitcoin transactions, this is natural if when the bitcoin market drops then not too influential with ethereum because it is supported by hundreds of large and successful projects in the market.

[ethereumhunter]

It is happy to see both coins, bitcoin and ethereum, can increase together so we can see both coins can have a chance to reach the higher price. While bitcoin is now at $47k and ethereum is above $3,000, that will be a good time to sell some parts while waiting for the next higher price. But if you still hold both coins because you want to make a bigger profit, you are free to do that but you should understand that the price can back to the lower price later. Hopefully, that will not happen in this good moment instead, it will increase to the next higher price.

[dezoel]

Both bitcoin and ethereum had a pump on 1st of October, that is a good thing. People should realize that the prices were not what it should have been and undervalued a lot. Nowadays people realized that and we are acting as if everything is doing a lot better, I do believe that it will certainly be better in the long run, some people may believe that it is not going to keep going like this but I believe that it may actually end up going like this for a long time.

I do not know how long it will go like this but 50k+ looks more and more possible if we keep this up. Maybe it may fail and in a week we will see the price around at 40k levels once again but I believe that those days are done now and better days are ahead.

[Kong Hey Pakboy]

For now, it seems near impossible. But in the future, there is no guarantee for Bitcoin to maintain its place forever. Maybe Ethereum doesn't have limited supply. But this is not an obstacle for it to leave Bitcoin behind in the future. If the demand for Bitcoin starts going down to zero at some point and Ethereum continues to grow, then Ethereum will have a big chance to overtake Bitcoin in terms of the price.

Nah, it's impossible that bitcoin's going to be replaced by ethereum, it's not like bitcoin isn't moving forward, bitcoin has a big headstart and I don't think that ethereum will be able to close in on that gap really fast especially with their supply mich higher than bitcoin.

[imstillthebest]

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

isnt this two giants already competing ever since the world began ? but bitcoin is just too strong and has a lot of die hard supporters ,
thats why it is still in the lead so no ,  
bitcoin dominance will not fade but it will only grow more and what we experience right now is not new .
sometimes btc goes down while the rest of the coin increases but the situation will change later on . no need to panic and worry

[Devifajarina]

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.


JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

In the long term bitcoin will continue like this, even to beat them is quite difficult, bitcoin's dominance will continue to persist in crypto forever, considering the only coin that has value and the first cryptocurrency to exist, but for ethereum will remain a competitor to bitcoin, but not will never be able to shift it, neither the selling price nor the position of the number one dicrypto coin, if there is a shift in bitcoin with ethereum, it is only temporary, in the long term I think it is impossible.

[darkangelosme]

I don't think so dude that Ethereum can surpass the Bitcoin price at the market, believe me I've heard a lot about like news in the past few years but still Bitcoin is dominating market, don't be easily believe on some famous people spreading thier own thoughts on crypto world.

[Pejoh Asu]

Ethereum is the second strongest coin after bitcoin and seeing the performance of ethereum is certainly not a difficult thing to rise even though the bitcoin market is red, the biggest factor of course is the use of tokens based ethereum so that the demand for ethereum continues to increase.

[thecodebear]

Ethereum will never pass Bitcoin. Ethereum has actual rising competitors in its space. Bitcoin has no competitors in its space in crypto.

While Ethereum will get a huge boost in functionality with Eth2, it has to take on advancing competition from Solana, Cardano, Polkadot, Avalanche, Cosmos, Algorand, etc.
Meanwhile, Bitcoin also will get a huge boost in functionality with the Taproot upgrade, and it is only competing with Gold and fiat currencies as money.

Also remember Dimon hates Bitcoin so any opinion of his is extremely biased. And Dimon isn't even talking about institutional holders. He's just talking about futures, which are short term bets on price. While Ethereum futures may be rising, institutional investors are holding a massive amount more actual Bitcoin than Ethereum.

Crypto as money (bitcoin) and the smart contract platform space (Ethereum and competitors) will both be markets worth multiple tens of trillions of dollars, but Ethereum alone won't compete with the entire crypto-as-money (bitcoin) space. All the smart contract platforms together may very well give Bitcoin's market cap a run for its money, and perhaps even grow larger than Bitcoin by market cap one day, but no chance for Ethereum alone to do this.

[tokeweed]

This is weird..  I’ve been whining that BTC is dragging everything down with it when it goes down.  Now it seems it’s going up fast and it’s leaving everything else behind.    Can’t really complain but I feel like it’s one of those things with the market when it goes BTC up, alts flat - BTC down, alts down more.  I think the last leg of this bull market is all BTC.  What do you guys think?

[Kemarit]

This is weird..  I’ve been whining that BTC is dragging everything down with it when it goes down.  Now it seems it’s going up fast and it’s leaving everything else behind.    Can’t really complain but I feel like it’s one of those things with the market when it goes BTC up, alts flat - BTC down, alts down more.  I think the last leg of this bull market is all BTC.  What do you guys think?

The $28,000-$29,000 and then the last lows $42,000 could be the last leg up to the supposedly or most anticipate $100,000++ this December. But we still have a lot of room to wiggle to reach this price and it will not be small sailing. There could be traps along the way, specially if we breach and push for another all time high this year. Maybe at $70,000 we will see some resistance, but we all know that if BTC goes up, it's hard to stop, not FUD not negative news could deterred investor and speculators to pour their money as they are hoping for a good ride to 6 digits this 2021.

[Fundamentals Of]

Ethereum's price is more or less mirroring Bitcoin's just like other top altcoins. Bitcoin is still the one in control of the crypto market's direction so that when Bitcoin is bullish, Ethereum and other top altcoins are also bullish. And when the price of Bitcoin is falling, it is also expected that the price of Ethereum along with other altcoins will also be dropping down. That has been the crypto market ever since. But of course there are times when the individual altcoin's development news or achievements will play a bigger role. Ethereum is bullish because Bitcoin is bullish and it also has something in store in its continuous development.

[lixer]

When you look at the last week which has been one of the biggest increases so far, we can see that it has been 20%+ bitcoin up, and 15%+ eth up. Which shows that bitcoin and eth going up together hand in hand. Sure btc went up a little more but ETH may catch up to it, the important thing here is not how much they went up but more like how they went up together.

This is why I believe that there is really no worry on what we are doing right now, let coins be wherever they want and eventually they will find their place, there is nothing that is wrong with a little difference as long as they are taking the same path together and without any problems.

[sujonali1819]

I think it’s normal. In the past a lot of time it has happened that BTC is dumping but alts are pumping. This called trend. When market act like stable and btc show a good stable move but suddenly dump the btc and investor money flow to alts. But this time The money only flows to the ETH instead of other alts. Because ETH shown a good stability few days back.

[bots1]

In my opinion, the dominance of bitcoin continues to increase in the long term and Ethereum will not be able to replace bitcoin. I think what JP Morgan predicts can't be taken as a guide. Many of JP Morgan's predictions have been wrong, for example he once said the price of bitcoin will continue to decline until the end of this year but in fact the price of bitcoin has grown back since experiencing a deep decline in last September.

[South Park]

In my opinion, the dominance of bitcoin continues to increase in the long term and Ethereum will not be able to replace bitcoin. I think what JP Morgan predicts can't be taken as a guide. Many of JP Morgan's predictions have been wrong, for example he once said the price of bitcoin will continue to decline until the end of this year but in fact the price of bitcoin has grown back since experiencing a deep decline in last September.

We need to stop listening to those people, it is obvious to me that they have some skin in the game and they want to manipulate the market by creating fake news and see if they can move the market that way and make a lot of money, however anyone that has been here for a very long time know that this market belongs to bitcoin and that even a coin as big as ethereum has a huge correlation with bitcoin, so if bitcoin goes up ethereum goes up and if bitcoin goes down then ethereum does the same.

[Kittygalore]

I think it’s normal. In the past a lot of time it has happened that BTC is dumping but alts are pumping. This called trend. When market act like stable and btc show a good stable move but suddenly dump the btc and investor money flow to alts. But this time The money only flows to the ETH instead of other alts. Because ETH shown a good stability few days back.

Exactly, the prices are always like this and it's not any magic, people try to get into bitcoin but at the same time, doesn't want themselves losing a lot, so when the prices are just too high, they want to make sure that there's some way that they can make some money and to prevent losses, they sell and move to other crypto in hopes of making more profit.

[Mahanton]

I think it’s normal. In the past a lot of time it has happened that BTC is dumping but alts are pumping. This called trend. When market act like stable and btc show a good stable move but suddenly dump the btc and investor money flow to alts. But this time The money only flows to the ETH instead of other alts. Because ETH shown a good stability few days back.

Exactly, the prices are always like this and it's not any magic, people try to get into bitcoin but at the same time, doesn't want themselves losing a lot, so when the prices are just too high, they want to make sure that there's some way that they can make some money and to prevent losses, they sell and move to other crypto in hopes of making more profit.

Diversification is something been suggested on where you could really have the chance on patching up on what you had lost in the other investment and thats the beauty of diversification but of course you would really be needing sufficient capital or money for you to do so and also when it comes pump events or situations then it isnt really correlated most of the time.Bitcoin could move into the other way but we cant really deny
that Bitcoins price is a trend maker.Whenever it is on bearish moments then majority of coins or alts in the market are on the same state.

[Spack17]

Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.

[romero121]

I think it’s normal. In the past a lot of time it has happened that BTC is dumping but alts are pumping. This called trend. When market act like stable and btc show a good stable move but suddenly dump the btc and investor money flow to alts. But this time The money only flows to the ETH instead of other alts. Because ETH shown a good stability few days back.

Yes, for some time period we can see the price pumping of Bitcoin. After certain time interval it automatically moves towards altcoins. This is commonly seen in the market. During the previous bullish push Bitcoin didn't moved good, but ethereum marked its price reaching above $4000. This time such a growth hasn't happened, there is some stabilized move in the market. Maybe it can be slow phase growth time for a bigger push.

[btc78]

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.


JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

but this not sounds like what the market is showing now, look at the price growth for couple of days now

https://coinmarketcap.com/

can we see that investors are dumping bitcoin towards ethereum?

nope it is bitcoin still the highest gainer .

Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.

lol that happens in 2018 when the altcoin season happens and the bitcoin is dumping , but now? it is not taking place lol.

[Dave1]

Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.

Yes but that's rare occasion, I cant' remember what really cause of that, maybe investors are just shifting funds to ETH because of too much FUD on BTC that time, or there is really some good news on ETH that investors pouring a lot of money in their market.

But still, everything is base on BTC, so when we have a big rally just like we witnessing in the past week, majority of the ALTS also enjoyed a uptick in the price. Next stop for BTC is $60k and then ETH $4k, not that bad because of a super fast bull run.

[Vaculin]

Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.

Yes but that's rare occasion, I cant' remember what really cause of that, maybe investors are just shifting funds to ETH because of too much FUD on BTC that time, or there is really some good news on ETH that investors pouring a lot of money in their market.

But still, everything is base on BTC, so when we have a big rally just like we witnessing in the past week, majority of the ALTS also enjoyed a uptick in the price. Next stop for BTC is $60k and then ETH $4k, not that bad because of a super fast bull run.

We've just moved on from the past and look the better trend this year and for the incoming. And I'd never think this gonna happen again. I'd look on the side where ETH mostly following the trend of Bitcoin, it is something we have to see again and again rather than moving in a different direction. Maybe in some cases that the impact of Bitcoin on the market is a delay but that might not be the case as for sure sooner or later, it will still follow then.

[jostorres]

We've just moved on from the past and look the better trend this year and for the incoming. And I'd never think this gonna happen again. I'd look on the side where ETH mostly following the trend of Bitcoin, it is something we have to see again and again rather than moving in a different direction. Maybe in some cases that the impact of Bitcoin on the market is a delay but that might not be the case as for sure sooner or later, it will still follow then.

I doubt that it will always follow bitcoin though. I mean sure it is generally like that but that doesn't mean that it will be like that every single day. I believe that we should be focusing on something like eth 2.0 when talking about independent movement and that is why I believe we are going to see something major changing.

Think about it this way, if eth 2.0 happens and it is very much loved and there is some more time passed and people are buying eth more and more to have stakes while people do not sell eth as much because they do not have to pay for electricity bill, then what do you think will happen? I believe that we will not be seeing anything extraordinary change in bitcoin but it is definitely out of ordinary for eth so it could be changing it.

[LUCKMCFLY]

The price of Eth surprises me that it has not reached the $ 4K, because although BTC has been climbing a lot, the bulls of Eth has been waiting for it to climb more, however now it is swinging the price at $ 3.5K and $ 3.6K:

That will increase the likelihood of a rally to the stiff overhead resistance at $4,027.88. Conversely, if the price plummets below the 20-day EMA, the ETH/USDT pair could drop to the 100-day SMA ($2,899).

Source: https://cointelegraph.com/news/price-analysis-10-8-btc-eth-bnb-ada-xrp-sol-doge-dot-luna-uni

The way the market is very good because in any mometno the BTC can grow, however ETH is not at an expected level of $ 4k- $ 5k, such as the strategy of the Pro is now defending the price by buying in the Dip.

[South Park]

Some time ago, this really happened and interestingly Ethereum got a pump while Bitcoin was having a hard time increasing. But now, we see them going parallel to each other. There is a big run in the market lately. Bitcoin and Ethereum both have benefited from this a lot so far. But Ethereum still couldn't have the amount of increase that we expected while Bitcoin were rising a lot.

While it can happen it is something that seldom happens, bitcoin and ethereum have the tendency to move together and it is not a mystery why this is the case, bitcoin is by far the most dominant coin in the market which means that any movement that it does affects all the coins in the market including ethereum, however there are times in which the coins may seem to move independently from each other but it is rare to see that happening for a significant amount of time.

[Stedsm]

These guys are so bad at it, whenever they see a new class of assets taking over, these people come out and spit out a lot of shit about that class, showing off their so-called assets to be worthwhile. I don't hear this guy, but there's one truth that when Bitcoin goes down, ETH shoots up just because it's a game of dominance and if BTC spikes (just as it did today), you can see how much decline was there in ETH. It is good for BTC to grow and let others wait as this will also shut the mouths of these self-proclaimed masterpieces who are nothing but a bunch of failures who couldn't understand the technology and its effects.

[Naficopa]

I think it’s normal. In the past a lot of time it has happened that BTC is dumping but alts are pumping. This called trend. When market act like stable and btc show a good stable move but suddenly dump the btc and investor money flow to alts. But this time The money only flows to the ETH instead of other alts. Because ETH shown a good stability few days back.

Bitcoin is the first and will likely be king forever. Ethereum is also the king of smart contracts. Several other platforms and networks have emerged to support this technology, but Ethereum has been around since the beginning and will therefore have the greatest trust from investors. Unfortunately, Bitcoin does not have the development power as developed as Ethereum. When ETH 2.0 is introduced, most investors will definitely notice this potential and the money will be shifted to it. In my opinion, in 2-3 years Ethereum will catch up with Bitcoin and become the leader of cryptocurrencies.

[Om.monata]

^  Rofl!  Does that face look like a guy who wouldn’t dump BTC?  

But here’s the thing tho, if BTC dumps, everything else dumps.  BTC still owns the space, love it or hate it...  I mean just look what happened an hour ago.  BTC dumps then drags everything down with it.

And so...  Euro time zone dumped, let ‘s wait for the US time zone.  They’re due up in a couple of hours or so.  It’s almost 7:00am ET.  There’ll be a lot of broken clocks.  

They're still trying to twist the facts so the people that are still doubtful of bitcoin and crypto become more leaning towards not investing and becoming more anti crypto. They want to try and manipulate and play with what little influence that they assume that they have in the cryptospace.

do not be surprised by the statement of the world's great figures.  they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum.  I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto

[FanEagle]

do not be surprised by the statement of the world's great figures.  they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum.  I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto

Rich people will do anything to stay in power and that includes saying bad things about a good thing. As long as it makes them stay in power, then they will be against human rights as well, we have many dictators that keep on breaking human rights violations and keep on being bad people, let alone support something as good as crypto.

This is why I do not believe that we should be focusing on anything that world leaders would say. They are actually very bad if they already got there, no "nice" or "kind" person becomes a world leader, in order to get to that level you need to be doing some cunning politics and reach a higher level compared to everyone else.

[tarable]

do not be surprised by the statement of the world's great figures.  they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum.  I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto

They also want huge profits in a very short period of time, so while making good words for the public, they must also play their own role in this to be able to take advantage of the good opportunities at any time in the crypto space.

[South Park]

do not be surprised by the statement of the world's great figures.  they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum.  I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto

Rich people will do anything to stay in power and that includes saying bad things about a good thing. As long as it makes them stay in power, then they will be against human rights as well, we have many dictators that keep on breaking human rights violations and keep on being bad people, let alone support something as good as crypto.

This is why I do not believe that we should be focusing on anything that world leaders would say. They are actually very bad if they already got there, no "nice" or "kind" person becomes a world leader, in order to get to that level you need to be doing some cunning politics and reach a higher level compared to everyone else.

The only reason their opinions matter is because they have power, if they did not had it we will not worry at all about what thy say, which is completely different than what we see with the developers which are the people that actually understand how bitcoin works, so if those leaders want to go and say bad things about bitcoin because it suits their interests, we must let them, as sooner or later people will realize they are lying and bitcoin will become stronger because of this and their potion will become weakened because of the lies as well.

[Theones]

This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0

[bhadz]

This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now.

Looks that there will be no repeat for that scenario.

However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0

We don't know that for sure but if it ever happens then that's going to be temporary because we always see ethereum comes along with bitcoin at most times.
But if 2.0 comes, it is what we're waiting for and aside from the price increase, the update itself is going to give good stable price for eth.

[chaser15]

This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0

Not convince. The ETH market is not reacting much to those deployments of new contracts and maybe still be the same when ETH 2.0 is now finally and completely deployed. However, I think traders are not looking for that event when deciding when to buy. They are more focused on analyzing the point where ETH is either overbought and oversold then will decide a strategy after that.

Before, when BTC dump, ETH and other altcoins are expected to make a good price rally and that's what they called altcoin season but in the BTC crash that happened a few months ago, not much movement happened for the price Etherium. It just started to make an upward trend when BTC is now climbing again.

[ven7net]

I believe that the further the crypto market and BTC develop, the more we will see information that will be manipulated. Those who say that they are not supporters of BTC, I believe that they are cunning, since they probably have this crypto asset, but the position does not give them the opportunity to openly state this, but for that, the position also gives them the opportunity to manipulate information, thereby increasing their assets, probably including assets in BTC.

[layoutph]

Guys do not buy shills or any statement of this jpmorgan ceo. He is a liar. Few years ago, he was cursing and saying bad things about Bitcoin. His statement made Bitcoin crash. But later on people findout that JP Morgan company holds a huge number of Bitcoins as company investment.

See? He is using his influence to benefit from his current holdings. Now he wants to dump Bitcoin to make another lower buy entry.

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.


JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

[apaben]

^  Rofl!  Does that face look like a guy who wouldn’t dump BTC?  

But here’s the thing tho, if BTC dumps, everything else dumps.  BTC still owns the space, love it or hate it...  I mean just look what happened an hour ago.  BTC dumps then drags everything down with it.

And so...  Euro time zone dumped, let ‘s wait for the US time zone.  They’re due up in a couple of hours or so.  It’s almost 7:00am ET.  There’ll be a lot of broken clocks.  

They're still trying to twist the facts so the people that are still doubtful of bitcoin and crypto become more leaning towards not investing and becoming more anti crypto. They want to try and manipulate and play with what little influence that they assume that they have in the cryptospace.

do not be surprised by the statement of the world's great figures.  they are still trying to make the crypto market volatile by playing the issue about bitcoin and ethereum.  I think they should be able to argue critically and according to facts so that they can be understood by the public and not like manipulation statements related to crypto

big pump of the many pumps and dumps. These rising or falling prices are partly fluctuations in the life of altcoins. of the many large pumps it is the expected benefit to the holder. on the other hand also the drain pump scheme is caused by big investors. pumpers will buy coins to be pumped, and they will notify via social media which coins will be pumped from the benefits of getting extra profits..

[LUCKMCFLY]

For the long-awaited ETH pump I think it is about to happen, at the moment the price of ETH is at 3700usd, which is not bad, although it is for the price of ETH to be around $ 4k- $ 4.5k, however at short-term behaviors are seen that can indicate many things:

If the price rebounds off the 20-day EMA with strength, it will suggest that traders continue to accumulate on dips. The buyers will then make one more attempt to clear the overhead hurdle at $4,027.88.

Source: https://cointelegraph.com/news/price-analysis-10-18-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

The price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.

[Reatim]

This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0

Ethereum 2.0 seems to be lapsing the popularity this has been expected for couple of years now yet nothing from the Dev bringing this into reality so I guess why need to be in Ethereum when Bitcoin is in the run always?
Ethereum has just make its run recently but that does not change the thing that Bitcoin will always be on the top.

For the long-awaited ETH pump I think it is about to happen, at the moment the price of ETH is at 3700usd, which is not bad, although it is for the price of ETH to be around $ 4k- $ 4.5k, however at short-term behaviors are seen that can indicate many things:

If the price rebounds off the 20-day EMA with strength, it will suggest that traders continue to accumulate on dips. The buyers will then make one more attempt to clear the overhead hurdle at $4,027.88.

Source: https://cointelegraph.com/news/price-analysis-10-18-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

The price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.

But is this enough to break Bitcoin once again? BTC is now going the top again with 2 thousand dollars away from breaking the ATH.

so what can we expect here?

[Benefactor]

They need to attempt to control and play with what little impact that they expect that they have in the crypto space. This month is by all accounts the downtrend for the crypto market, however ideally, one month from now will be a decent month that can turn the course and have a major convention until the finish of this current year.

[asrinur]

In my opinion, bitcoin's dominance will last a long time. it is difficult for Ethereum to compete with bitcoin especially if you want to replace bitcoin because the functions of the two cryptocurrencies are completely different. ETH has no coin limits as is the case with BTC. In addition, it will be problematic if the price of ETH is too high, because it will put DefI and other smart contract ecosystems at risk due to high transaction costs. After all, ethereum is a utility coin and not a store of value like bitcoin.

[Sir Legend]

Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.

[livingfree]

Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.

Why think of beating bitcoin?

There's no need to think about beating bitcoin because it will never happen. Too much thought about bitcoin and beating it because it's been said before by many folks but didn't happen.

The both are a good combination if you want to diversify and that's what someone has to think of.

[sana54210]

In my opinion, bitcoin's dominance will last a long time. it is difficult for Ethereum to compete with bitcoin especially if you want to replace bitcoin because the functions of the two cryptocurrencies are completely different. ETH has no coin limits as is the case with BTC. In addition, it will be problematic if the price of ETH is too high, because it will put DefI and other smart contract ecosystems at risk due to high transaction costs. After all, ethereum is a utility coin and not a store of value like bitcoin.

The dominance that bitcoin has over ethereum or any other coin doesn't derive from anything related to bitcoin itself but to the investors. Investors prefer bitcoin over all other coins, for a long time we had bitcoin have soooo high dominance that market cap of bitcoin was more than every single coin combined. This is never about the coins themselves; it is about investors who imagine that it should be like that. This is why people invest into bitcoin more than all other coins.

The problem is that when almost everyone does that, it means others follow up as well, so basically it is a whole community stuff, even if a minority moves most of their money to other coins, that still doesn't change the general situations. This is why I believe that it will keep being like this for a long time, the moment most people move their money from bitcoin to other coins, then we may have bitcoin not be at the top.

[onecall123]

Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.

It is recommended that you buy or sell if the indicator is red or green. Nothing to worry about, as we do not know when the pump or dump will occur. It's better to use a stop loss and profit from it. Those who focus long are not that concerned, but it is worth it. Well, I am concerned about the current resistance. In my view, the main resistance is currently at 4k. It's possible that BTC takes off, we could see bulls take profits. Let's hope BTC stays calm with its current position and ETH rally starts.

[CutePanda]

early 2021 is a year that can be categorized as good for bitcoin and ethereum, but in the second half of 2021, it's true bitcoin is getting dumped and ethereum pump, I believe ETH can continue to soar in terms of price and volume, ETH can reach $5k by the end of the year this, at least that's what I and we all hope for.

[South Park]

Ethereum is the coin that has the most opportunity to beat bitcoin, the dominance of ethereum tokens in the market makes the value of ethereum continue to increase and it doesn't matter even though the market or bitcoin price is red, and this is a strong indication that the market is not dependent on bitcoin.

Not really, ethereum is never going to beat bitcoin, so far institutional investors have shown interest almost exclusively in bitcoin and it is not difficult to see why, bitcoin is not only the coin with the most volume, when we actually see what cryptocurrency people use to buy actual stuff we see that in the majority of the cases people pay with bitcoin, ethereum is mostly used to buy things that are part of their own ecosystem and that for the most part are just some form of investment.

[imamusma]

early 2021 is a year that can be categorized as good for bitcoin and ethereum, but in the second half of 2021, it's true bitcoin is getting dumped and ethereum pump, I believe ETH can continue to soar in terms of price and volume, ETH can reach $5k by the end of the year this, at least that's what I and we all hope for.

I also expect the same thing, although on the other hand I don't like it a little bit if Bitcoin only increases alone without being accompanied by other Altcoins except Ethereum, because this month Ethereum also experienced almost the same increase as Bitcoin, even though only Bitcoin was able to print ATH is new, while others are not.

[DOH!]

ETH pump is working fine today.  It occurs when impulses on bitcoin break out of bullish extreme resistance areas.  Altcoins have taken advantage of that, many people choose to sell bitcoin to pump ETH but I would be more patient before doing that only if Bitcoin goes through the 72k9 zone.

[livingfree]

ETH pump is working fine today.  It occurs when impulses on bitcoin break out of bullish extreme resistance areas.  Altcoins have taken advantage of that, many people choose to sell bitcoin to pump ETH but I would be more patient before doing that only if Bitcoin goes through the 72k9 zone.

Eth is up when bitcoin is up too.

But I don't think that people have sold bitcoin to buy Ethereum. It could be the other way around that people sold their ethereum to be with the bitcoin pump.

If there are people who have done that then both are still in good prices despite the healthy correction.

[darmin]

After Bitcoin had broken through at the price of 1 billion, currently the price of Bitcoin began to be mired. Altcoin prices have increased. It is likely that Etherium will experience an uptrend after the price of Bitcoin slips. The trading market began to be rame by investors who will net coins that are bearish, of course also Etherium.

[imamusma]

After Bitcoin had broken through at the price of 1 billion, currently the price of Bitcoin began to be mired. Altcoin prices have increased. It is likely that Etherium will experience an uptrend after the price of Bitcoin slips. The trading market began to be rame by investors who will net coins that are bearish, of course also Etherium.

I hope you are not sleeping when you say this.
Since when did Bitcoin break through at the price of 1 billion? because what I see the highest price on Bitcoin is $65K and it hasn't reached 1 billion when viewed in terms of the rupiah currency value, and one more thing is that Altcoins very rarely increase when Bitcoin experiences an uptrend or decline, and what is seen at this time is not decline as Bitcoin price is still at $62,043

[South Park]

ETH pump is working fine today.  It occurs when impulses on bitcoin break out of bullish extreme resistance areas.  Altcoins have taken advantage of that, many people choose to sell bitcoin to pump ETH but I would be more patient before doing that only if Bitcoin goes through the 72k9 zone.

Eth is up when bitcoin is up too.

But I don't think that people have sold bitcoin to buy Ethereum. It could be the other way around that people sold their ethereum to be with the bitcoin pump.

If there are people who have done that then both are still in good prices despite the healthy correction.

That is a very rare scenario, most of the time we see them moving together and if there is a difference in their behavior most of the time we see bitcoin going up and ethereum remaining stable or going down, an scenario where bitcoin goes down while ethereum goes up significantly has happened in the past but that was when people actually believed there was a chance for ethereum to replace bitcoin, something that now the majority of the community does not believe it is possible.

[samuraijin]

Dump bitcoin is tantamount to killing other cryptocurrencies, I'm not very interested in ETH because of high gas costs and very expensive even though it's the same thing as BTC, but still can be better than ETH, I also don't believe in the old man's words so better well enough to see later when the crypto market is accepted in many countries

at the moment what I see is bitcoin still dominates the crypto market and I find it hard to believe ETH will replace Bitcoin in the future

[LUCKMCFLY]

This year there was only one point in which the Ethereum price diverged from the Bitcoin price. I don't think anything like that will repeat itself for now. However, it is very likely that this could happen again at the time of the introduction of Ethereum 2.0

Ethereum 2.0 seems to be lapsing the popularity this has been expected for couple of years now yet nothing from the Dev bringing this into reality so I guess why need to be in Ethereum when Bitcoin is in the run always?
Ethereum has just make its run recently but that does not change the thing that Bitcoin will always be on the top.

For the long-awaited ETH pump I think it is about to happen, at the moment the price of ETH is at 3700usd, which is not bad, although it is for the price of ETH to be around $ 4k- $ 4.5k, however at short-term behaviors are seen that can indicate many things:

If the price rebounds off the 20-day EMA with strength, it will suggest that traders continue to accumulate on dips. The buyers will then make one more attempt to clear the overhead hurdle at $4,027.88.

Source: https://cointelegraph.com/news/price-analysis-10-18-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

The price of ETH promises a lot, if we build on previous behavior, we have seen that when BTC rises, ETH also rises more strongly, now not because of the fact that the bulls are buying on the dip and defending positions.

But is this enough to break Bitcoin once again? BTC is now going the top again with 2 thousand dollars away from breaking the ATH.

so what can we expect here?

At a time when BTC reached $ 66k, ETH did not rise in the way everyone expected, as we expected a $ 5k- $ 6k minimum, however the highest of the peaks for ETH was $ 4120, this does not mean that they are selling, but the bulls may not have rushed to raise the price higher because they knew that BTC was going to go down quickly and in fact, it has been at $ 59k- $ 60k, which means that the correction has not been very large, this It implies that at any moment the ETH can rebound with the minimum rise of BTC, since they have controlled the bears in the dip.

[Cafex]

In the recent times, we have been witnessing that both of these cryptocurrencies are pumping. And this is really good for the investors of both sides. However, the transaction fees are increasing a lot also as the prices increase. This has been a big problem for investors for a long time. We don't want to pay enormous amount of fees for any kind of transactions. I hope that they can solve that problem in the future.

[Ozero]

In the recent times, we have been witnessing that both of these cryptocurrencies are pumping. And this is really good for the investors of both sides. However, the transaction fees are increasing a lot also as the prices increase. This has been a big problem for investors for a long time. We don't want to pay enormous amount of fees for any kind of transactions. I hope that they can solve that problem in the future.

Now we clearly see just such a trend. The bitcoin price is at over $ 61,000, but the ethereum price has risen to $ 4,340. A little more and ethereum may surpass its previous price record. Apparently, this is due to the so far successful upgrade of the Ethereum network. After such an update, the price of this coin can grow exponentially and easily reach $ 10,000. Far-sighted participants in this market stock up on this coin in advance.

[dEjAvOU]

Ethereum is a coin that has a high reputation, with many large projects the use of ethereum will continue to increase and no longer depend on bitcoin conditions, even though bitcoin dumps but ethereum can pump.

[rodskee]

Dump bitcoin is tantamount to killing other cryptocurrencies, I'm not very interested in ETH because of high gas costs and very expensive even though it's the same thing as BTC, but still can be better than ETH, I also don't believe in the old man's words so better well enough to see later when the crypto market is accepted in many countries

at the moment what I see is bitcoin still dominates the crypto market and I find it hard to believe ETH will replace Bitcoin in the future

when Ethereum price hype that is the time also when Gas increase suddenly very high so people nowadays are looking for another coins to use .

Which means this don't really affect Bitcoin as like me instead of using ethereum i would rather use Bitcoin as the congestion is lowering and the fee is also lowering.

this happens recently when ethereum Gas is almost as the same as Bitcoin fee.

Ethereum is a coin that has a high reputation, with many large projects the use of ethereum will continue to increase and no longer depend on bitcoin conditions, even though bitcoin dumps but ethereum can pump.

well if the gas fee don't improve in the future then ethereum will lose its compliance for sure.

[tokeweed]

A couple of ‘hot takes’.  Ethereum will fight for a flippening against BTC and Dogecoin will move up huge in CMC and will be a top 3 coin around Jan - Feb next year.

Doge suicide stack ready! 

[Mehedi72]

That's just his personal opinion, nothing else. i saw sometimes eth pump more than btc! But that was only for short time! For example, eth ath wasn’t enough if compare with btc ath. in the long run, it won't possible to pump eth and altcoins market without increasing btc! that also indicates btc dominance will have remain in future. so why should we consider this kind of statement as valuable?

[Bonenx14]

That's just his personal opinion, nothing else. i saw sometimes eth pump more than btc! But that was only for short time! For example, eth ath wasn’t enough if compare with btc ath. in the long run, it won't possible to pump eth and altcoins market without increasing btc! that also indicates btc dominance will have remain in future. so why should we consider this kind of statement as valuable?

Actually such a statement does not need to be considered valuable because in the past it was also like that where the pump on Bitcoin was very influential for all Altcoins including Ethereum even though the percentage looks bigger than Altcoins in terms of increase even though in value or price it is still bigger on Bitcoin even though it only increased by a few percent only.

[19Nov16]

Currently the price of altcoins is no longer dependent on bitcoin, the bitcoin market cap continues to decrease because more and more people choose more promising altcoins, I'm sure a maximum of 5 years from now the position of bitcoin will be replaced with ethereum or BNB, or other altcoins.

[cvasy]

Currently the price of altcoins is no longer dependent on bitcoin, the bitcoin market cap continues to decrease because more and more people choose more promising altcoins, I'm sure a maximum of 5 years from now the position of bitcoin will be replaced with ethereum or BNB, or other altcoins.

Who said Mate ? did you not see the Altcoin market correction when Bitcoin corrected a few days ago ? and do you think Bitcoin is no longer promising for the future ?
Hello mate, wash your face and look at the market now when Bitcoin is starting to rise others are still following, and that means Bitcoin is still very influential for all Altcoins because Bitcoin and Ethereum are coins for the rich as well as for the whales.

[yohananaomi]

Currently the price of altcoins is no longer dependent on bitcoin, the bitcoin market cap continues to decrease because more and more people choose more promising altcoins, I'm sure a maximum of 5 years from now the position of bitcoin will be replaced with ethereum or BNB, or other altcoins.

for a while yes, I agree that altcoins are sometimes able to move on their own and it has been seen that many altcoins reach ATH when bitcoin is experiencing a correction.
but again I see it is only temporary and will not continue to be able to do that, after all bitcoin is still the spearhead for all coins in crypto.

I'm not sure that bitcoin will ever be able to replace it, because currently bitcoin's market cap is already $1.1B the closest is only ethereum, and still half of what bitcoin earns. far enough to make these changes, but it's not impossible but seems to be experiencing difficulties, maybe it will happen in a few decades can be replaced.

[gamer4156]

This month is by all accounts the downtrend for the crypto market, however ideally, one month from now will be a decent month that can turn the heading and have a major convention until the finish of this current year. I imagine that over the long haul no altcoin will dominate and turn into the new ruler on the high position.

[Joshapat]

The market's dependence on bitcoin is actually not good, people will always look at bitcoin's position before investing in altcoins, I hope there is a coin that can soon beat bitcoin so that the competition becomes more attractive, and for the notes that the daily transaction of bitcoin currently only 50% or less than Tether daily transaction.

[dvndr007]

Big investors are dumping bitcoin futures and pivoting to ethereum as expectations for the world's largest cryptocurrency soften, JPMorgan says

Big-money investors are shying away from the bitcoin futures trade and pivoting instead to ethereum futures as expectations for the world's largest cryptocurrency soften, JPMorgan analysts wrote in a note on Wednesday.
In September, bitcoin futures on the Chicago Mercantile Exchange have traded below the price of an actual bitcoin, the analysts noted.
"This is a setback for bitcoin and a reflection of weak demand by institutional investors that tend to use regulated CME futures contracts to gain exposure to bitcoin," the analysts wrote.
Under healthy demand, futures usually trade at a premium to actual bitcoin. This happens because high bitcoin storage costs and the juicy yields available for passive crypto investing push up futures prices, according to previous JPMorgan research.

read more, check the link above.

The question is, do you think in the long run the dominance of bitcoin will significantly drop and Ethereum will try to compete with bitcoin?

It's interesting since it's coming from JP Morgan which IMO is not a big fan of bitcoin.


JPMorgan CEO Jamie Dimon says he’s still a crypto skeptic: ‘I’m not a bitcoin supporter. I have no interest in it’

Bitcoin decentralisation and anonymity is its power, if ethereum get on top it will be strategically, & can be easily taken down anytime.
 

[JahriMeayer]

Recently i saw eth has pumped more than btc but it doesn’t mean that eth could win race with btc. Even it still suffering to reach 1eth=0.1 btc. People come crypto market mainly for btc, i doubt that large number of people don’t know about other currencies properly except bitcoin. That's the reason, why big organisations only accepting btc as their payment method except others currencies Btw i guess, day by day eth and btc both will increase & thus percentage of dominating btc would be same as now.

[ingiltere]

If that CEO say it I would definitely hold my money on Bitcoin. I have some ETH but I never trust that fully centralized coin. It's good to see big boys have interest to another centralized coin instead of Bitcoin. That makes Bitcoin more precious, big boys know that they can't manipulate it, they don't have enough power to takeover the network. Bitcoin dominance will never significantly drop.

[Finestream]

If that CEO say it I would definitely hold my money on Bitcoin. I have some ETH but I never trust that fully centralized coin. It's good to see big boys have interest to another centralized coin instead of Bitcoin. That makes Bitcoin more precious, big boys know that they can't manipulate it, they don't have enough power to takeover the network. Bitcoin dominance will never significantly drop.

Bitcoin will always be the king of the crypto market so there's no way it will be beaten. Even how smart the big whales are, they just can't control bitcoin like they used to do with centralized coins. And knowing bitcoin, once its price will dump, the whole crypto market will definitely looks bearish too, even ethereum is not an exception. Sometimes, instances happen when ethereum pumps despite of bitcoin price in a correction, but in the long run, ethereum too will definitely dump again once bitcoin is still in dump.

[batang_bitcoin]

Recently i saw eth has pumped more than btc but it doesn’t mean that eth could win race with btc. Even it still suffering to reach 1eth=0.1 btc. People come crypto market mainly for btc, i doubt that large number of people don’t know about other currencies properly except bitcoin. That's the reason, why big organisations only accepting btc as their payment method except others currencies Btw i guess, day by day eth and btc both will increase & thus percentage of dominating btc would be same as now.

There's no need to race and comparison for these two. Bitcoin is always far and superior from ethereum and that's the reality that everyone has to accept.
No matter how huge the gain of Ethereum, there will always be the time that bitcoin will have its own huge gain too. And that makes the market better if the gain starts from bitcoin.

[Dump3er]

Recently i saw eth has pumped more than btc but it doesn’t mean that eth could win race with btc. Even it still suffering to reach 1eth=0.1 btc. People come crypto market mainly for btc, i doubt that large number of people don’t know about other currencies properly except bitcoin. That's the reason, why big organisations only accepting btc as their payment method except others currencies Btw i guess, day by day eth and btc both will increase & thus percentage of dominating btc would be same as now.

There's no need to race and comparison for these two. Bitcoin is always far and superior from ethereum and that's the reality that everyone has to accept.
No matter how huge the gain of Ethereum, there will always be the time that bitcoin will have its own huge gain too. And that makes the market better if the gain starts from bitcoin.

Well that could also turn out to be wrong one day. When Ethereum has these pumps while Bitcoin stagnates or dumps, you can be certain that there are some very powerful players at work. The time that institutional investors are only interested in Bitcoin are long gone. I could see a scenario where Ethereum does at least pump very close to Bitcoin. It also depends on technological innovation that both bring to the table, but more so for Ethereum I guess as Bitcoin has now claimed the title of digital gold and is therefore in and of itself valuable I would say.

[Doell]

The market's dependence on bitcoin is actually not good, people will always look at bitcoin's position before investing in altcoins, I hope there is a coin that can soon beat bitcoin so that the competition becomes more attractive, and for the notes that the daily transaction of bitcoin currently only 50% or less than Tether daily transaction.

no "dependency" on bitcoin market the current price because of the people who used to support bitcoin and believed in it ,there is no such dependency ! bitcoin is the main thing in crypto ,people still believe in it by continuing to buy or hodl or use it for trading etc ,ah no one will look at bitcoin first to invest in altcoins because  A and B are clearly very different ! there is no competition in cryptocurrencies business that actually supports each other

[2girls]

I think anyone one said that Bitcoin dump in this time so its a completely rong because thousand people like support a Bitcoin and i cannot say that Ethereum dump because ETH is a very good coin and they rise day by day so both coin are very strong.

[Jose Mourinho]

there is no uniformity of ups and downs in the price of BTC and ETH, it is a very common thing to happen, but it will not last long, because after all altcoins will definitely follow the movement of BTC, just like when bitcoin goes down, why ETH goes up!!!! maybe at the same time the hype of eth is high, so the price of ETH continues to rise, but this is only temporary and will definitely go down too, I don't think there is any point in comparing the popularity of the two, because the value of btc is much higher than eth, and BTC will still be number 1 ETH number 2.

[otreza]

Buyers are showing strength today. The price of almost all coins is rising, including Ethereum. Let's analyze the local timeframe of 4 hours to understand the prospects of the coin. As we can see, the price recently overcame an important level in the area of 4,220 - 4,280, which now acts as support. The nearest resistance level at the moment is 4,715 - 4,780. Taking into account the fact that the buyers showed their strength and did not let the price continue to fall yesterday, the most likely scenario is the continuation of the growth to the specified resistance level.

[domoy77]

I think anyone one said that Bitcoin dump in this time so its a completely rong because thousand people like support a Bitcoin and i cannot say that Ethereum dump because ETH is a very good coin and they rise day by day so both coin are very strong.

Generally no one throws away Bitcoin and Ethereum except for stupid people or people who don't know both, so there's no need to give so much insight into this because good stuff will always be valuable in the eyes of its connoisseurs or in the eyes of those who already understand about it.

[RiskySanchez]

Come on, that's funny, why would an expert say that, even though there is a period of time for altcoin domination, the market will always be dominated by bitcoin even though there are many new networks. Bitcoin already has a world market as well as etherum which also has its own network, all have their own supporters and nothing can be replaced with dump or pump, Bitcoin always be number one

[Oakey22]

It doesn't matter what any of us think is going to happen, there are huge whales in the scene, they control the price.

[aruldaroy]

it's funny and doesn't make sense if someone tries to make bitcoin or ethereum because until whenever a pearl will always shine and be valuable and both of them have their own value.

[chikading2016]

Well sometimes it happen but not everytime, because the normal thing that always happen is that the Bitcoin rise first followed by altcoins, sometimes ethereum rise first specially when the Bitcoin price correction happens. But I believe that we don't need to worry about it specially when we are a holder just hold and wait for the price to be stable and always grab the opportunity.

[tokeweed]

What do you guys think of this...  It’s the bear market and everything starts trending back down.  But BTC trends down faster than ETH giving ETH gains vs BTC and somewhat not losing as much market cap as BTC.  After a few months or so a flippening happens but nobody in the ETH community could really celebrate cos it’s way down from the highs. 

I mean for BTC’s sake I hope it doesn’t happen...  But dunno.  Let’s see.

[Digital_Lord]

I think some projects will move from EthErium, more new projects will be built on the new networks, hard forks of Eth, and the 2nd layers of eth. Eth will survive but will pump less than expected. I dont think that Eth2 will be way better than eth it will burn more and make it rare, move form POW to POS and that is it.

[ItsEzMkay]

And this recently happened to when Bitcoin dumped. Call it a divergence of sorts. I think that showed me that Ethereum isn't going to dump heavily against Bitcoin anymore and has matured. Time will tell, but as each day passes I think the flippening is more and more possible.

[Chato1977]

I think anyone one said that Bitcoin dump in this time so its a completely rong because thousand people like support a Bitcoin and i cannot say that Ethereum dump because ETH is a very good coin and they rise day by day so both coin are very strong.

the post says Bitcoin will be overtaken by ethereum , meaning it is not Bitcoin dump and ethereum will dump also .
both coins are good but it is not the issue it is how ethereum overpower bitcoin in this era in which I hate to believe, and how can we believe a Stock trader over the crypto market? he has no rights in telling stories about how crypto market will go because he is not totally part of this .

[stadus]

And this recently happened to when Bitcoin dumped. Call it a divergence of sorts. I think that showed me that Ethereum isn't going to dump heavily against Bitcoin anymore and has matured. Time will tell, but as each day passes I think the flippening is more and more possible.

Bitcoin is still struggling to go back to $50k. Look at the market now, there has been no significant recovery, it's just a normal price swing but it's alarming as in the past few weeks the trend is going down, the same thing with Ethereum with $4400 high in 7 days and low of $3900.

[Ten98]

And this recently happened to when Bitcoin dumped. Call it a divergence of sorts. I think that showed me that Ethereum isn't going to dump heavily against Bitcoin anymore and has matured. Time will tell, but as each day passes I think the flippening is more and more possible.

Dependence on Bitcoin will still occur on every Altcoin including Ethereum, you can see the reality in any market when Bitcoin starts to Crash and when Bitcoin starts to be pumped back at different times.

[Porfirii]

Or maybe we will be witnesses of a new decoupling! haters will hate, but how long since the last one?

As other members said above, dependence on Bitcoin has been there for quite a long time. Remember December 2017? Bitcoin peaked but many altcoins kept rising until mid-January 2018...

[Desmong]

Ethereum is becoming more strong most when Bitcoin falls heavily in price. Ethereum had been maintaining the range of 4k and it's help new investors that want to join the crypto market. I know with time this project is going to be massive with liquidity crazy volatility. The Ethereum is going to become the main coin after bitcoin.

[Lmaooo]

Recently i saw eth has pumped more than btc but it doesn’t mean that eth could win race with btc. Even it still suffering to reach 1eth=0.1 btc. People come crypto market mainly for btc, i doubt that large number of people don’t know about other currencies properly except bitcoin. That's the reason, why big organisations only accepting btc as their payment method except others currencies Btw i guess, day by day eth and btc both will increase & thus percentage of dominating btc would be same as now.

There's no need to race and comparison for these two. Bitcoin is always far and superior from ethereum and that's the reality that everyone has to accept.
No matter how huge the gain of Ethereum, there will always be the time that bitcoin will have its own huge gain too. And that makes the market better if the gain starts from bitcoin.

The main reason for the bitcoin dump and other cryptocurrencies is because it is December many investors are planning to go for a holiday, from Christmas to New Year. That is why the market is looking so all red but in a few weeks, the market will recover and keep moving forward. It is not only the bitcoin market both stock, indexes, forex, and oil markets are affected as well, hopefully, the market will recover in no time after the new year.

[Rehan Zakir]

Bitcoin is dump hard. And I think it's a normal correction that every market takes. Because market is increasing from 42k$ to 69k$. Market does not takes any major correction. So, a major correction is possible. After Bitcoin price hits to 42k$. Then price again jumps to 52k$ within 48 hours. So, I think market will recover soon.

[Cryptock]

Or maybe we will be witnesses of a new decoupling! haters will hate, but how long since the last one?

As other members said above, dependence on Bitcoin has been there for quite a long time. Remember December 2017? Bitcoin peaked but many altcoins kept rising until mid-January 2018...

Maybe the next alt season will start when BTC's price stabilizes at around $50000 level. Otherwise, BTC can't go parallel with alt markets in a bull trend. Historical price movements also prove this point too.

This progress of the situation would probably be the best and healthiest for the entire cryptocurrency market. I am planning further investments for this market situation. I keep my fingers crossed for your words to be confirmed! My guess is that BTC won't stay at $50k for too long, but if it were a month or two, that would be perfect for me.

[stadus]

My guess is that BTC won't stay at $50k for too long, but if it were a month or two, that would be perfect for me.

The way BTC is moving, it looks like we are going for a huge correction and probably a long one like in the past.

Another dump today, bitcoin is down 7% as of this writing and Ethereum has no chance of pumping as it's also down by 9%.
See reference ; https://coinmarketcap.com/

[SlimShadyMmp]

Market is on a serious redzone these few days and it seems like a repeat of this years bears I just hope people dont panic too much because I think the reason why proces keeps dumping is basically people not wanting to believe that BTC can make a turn along the way Its very easy to scare people especially after most alts 50% dips and price still continues to dump like non-stop

[bestcoins1]

Market is on a serious redzone these few days and it seems like a repeat of this years bears I just hope people dont panic too much because I think the reason why proces keeps dumping is basically people not wanting to believe that BTC can make a turn along the way Its very easy to scare people especially after most alts 50% dips and price still continues to dump like non-stop

People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.

[Argoo]

Recently, actually Bitcoin and Ethereum price is moving parallel to each other. But some time ago, Ethereum price was really increasing while Bitcoin's was decreasing. And this could be a sign for the future also. Of course, it will not be easy for Ethereum price to get past Bitcoin's. But I think that it has a potential to do this. Because Ethereum is getting better every year with new big updates.

Statistics emerged that over the past year, the price of ethereum has increased even compared to bitcoin by 230 percent. If the Ethereum 2.0 improvement ends successfully, it will be a huge boost to the popularity and price of ethereum. It has also been predicted for a long time that Ethereum, after a while, may bypass bitcoin in terms of capitalization and, accordingly, price dominance in this market. Whether it will be, time will tell. This is possible in the cryptocurrency market. But it is already obvious that ethereum will seriously compete with bitcoin in the future.

[blockman]

People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.

Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.

[milewilda]

People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.

Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.

They would only realize that when they lost money on where it is true that people would only just be minding off that the market is only having that
upward movement and doesnt consider those deep corrections and price decrease which it would really be ending up for you to get stressed and frustrated when you do see that you are losing money.Self realizations will really comes next which would really be comon for people who do have
those wrong impressions and beliefs on mind.

[ShitcoinsFromHeaven]

Jamie Dimon is a fool.  He's been wrong about crypto since Day 1.   
Jeff Bezos said, in his opinion, the #1 sign of intelligence is being quick to admin when you're wrong.

Jamie Dimon has been wrong about crypto for like 10 years, and yet will never admit he was wrong or change his opinion.

However, I think he may be right about this one.  So far Ethereum seems to be the primary crypto for web 3.0,  the smart contracts are just too useful and too powerful, and I wouldn't be surprised if ETH starts to crowd out BTC.

[Mr.Scott]

People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.

Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.

I personally don't see a lot of hazard in Bitcoin or Ethreum long term. Assuming you're believe in a coin long term, enough not to sell at a loss, purchase more at the least in the cheapest price. But, yes all the other things in the space is extremely unsafe. So, when you're shilling alts, realize the danger you're taking. It's high. Most people buying altcoins have no clue the degrees of hazard they are taking.

[dragonvslinux]

People who are afraid of bears are people who will become victims of losses so they will always complain when the market conditions are like now even though this is also a good opportunity to get more profits when the market starts to stabilize.

Yeah, they only want to see the pump but not the dump. This is common to the market whether you hold bitcoin, ethereum and any other cryptocurrency.
They're all bound to have the same scenario and it's up to you how you will maximize that moment of taking profit or buying at the cheapest price if ever all of you sees that.

I personally don't see a lot of hazard in Bitcoin or Ethreum long term. Assuming you're believe in a coin long term, enough not to sell at a loss, purchase more at the least in the cheapest price.

I'd also avoid comparing any other cryptocurrencies with Bitcoin and Ethereum too quickly. Over the years we've seen 99%+ altcoins fail, and fall out of the Top 10 or Top 100 only to be forgotten about and continue to lose value against BTC and ETH, struggling to regain their USD value with the weight of selling pressure at higher levels. So there is a reason to be cautious in bearish conditions, that could lead to another multi-year bear market, with altcoins that have yet to prove their relevance. Even project with good fundamentals and great tech die in bear markets, never to be seen again, simply due to selling pressure.

I remember in 2018 when people continued to invest in altcoins as they fell, it was only by 2019 when Bitcoin reached $14K and their altcoins had dumped even further they realised their mistakes. Holding coins that have a long price history of bouncing back, such as ETH and a few others, makes a lot more sense than ignoring emerging bear markets in altcoins. It's not worth simply buying more if you haven't taken profits.

[alisonwonder]

Market is now very volatile it is more volatile than the past bull run. I see that there are also a lot of metaverse coin that is not affected by the falling of btc price, so I think the crypto market is now really different and sometimes it happens that when bitcoin down ethereum will pump and that is not normal to us. The normal is that when btc price rise ethereum and altcoins will also rise but when btc fall all coins will also fall. It is maybe because of the very high on volatility market.

The opposite has also happened to Ethereum when Bitcoin started to fall but that kind of thing is always very rare and doesn't even happen for a long time because it's true that normally Ethereum always follows the flow of Bitcoin price movements so very often it increases simultaneously and decreases simultaneously with Bitcoin

[Pejoh Asu]

It must be admitted that the influence of bitcoin has decreased after the arrival of USDT, the number of large projects that carry the concept of NFT and Defi makes the market more active, and some coins that have the opportunity to replace bitcoin are ETH and BNB, maybe many people think it's impossible, but look at the daily transaction volume, bitcoin continues to decline and ETH continues to increase.

[Gudhal Untu]

This is the importance of us dividing assets, even when the top 10 red ranks there are some coins that continue to be green, by dividing the assets we are not dependent and of course it is too risky if we only hold 1 or 2 coins, now I collect about 30 coins only 10 are ranked top 100, and almost everything is green today.

[K4C]

I think it is definitely rong the news a Bitcoin dump because Bitcoin is the king of  cryptocurrency and they are very strong coin all of the coin but some time price down and high they are the part of a cryptocurrency .
And i cannot said that Ethereum is a bad coin .
Ethereum is a one of the best coin in Crypto and they are rise there price for day by day so the many people say that Ethereum is a pump so it is absolutely true but the Bitcoin dump this thing is rong both coin are very interesting.