Bitcoin dump, Ethereum pump!

[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.