Bitcoin dump, Ethereum pump!

[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.

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[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.