Bitcoin dump, Ethereum pump!

[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.