Bitcoin dump, Ethereum pump!

[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.

[1714486969]

1714486969

[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