Why do bitcoin and ethereum prices still very related?

[eurcoin88]

Hi folks.
I wanted to raise this quick question: while BTC and ETH are powered by the principle of distributed ledgers and cryptography, the two differ in many technical ways and they also differ in purpose. Bitcoin is a so-called currency, while Ethereum is developed as a platform which facilitates P2P contracts and applications via its own currency vehicle. The primary purpose of ETH is not to be a payment solution (to my knowledge).
I sold almost all my BTC, my portfolio is now 80% ETH and it annoys me a little to see how ETH struggles to gain value whenever bitcoin's price drops (actually I am exaggerating a little, since January 1st ETH is doing alright compared to BTC but still you get my point).

Any opinion welcome.
Thanks.

Ethereum and bitcoins is the best cryptocurrency forever since most of the people are preferring to invest on this cryptocurrency due to its massive investors and miners that makes the volume in the market to increase even more.

[luvr1000]

this is one of the very first and promising coins, they will always be linked and the whole market will be based on these major coins, it's like a dollar and the euro

[damsix]

both of them have a very good contribution to cryptocurrency. we compare this with:

Bitcoin: the first cryptocurrency, anonymous, available on all exchanges.
Ethereum: the first cryptocurrency for smartcontract, a #DevelopmentTeam  that is open to the public and always available on all exchanges.

[doc]

Hi folks.
I wanted to raise this quick question: while BTC and ETH are powered by the principle of distributed ledgers and cryptography, the two differ in many technical ways and they also differ in purpose. Bitcoin is a so-called currency, while Ethereum is developed as a platform which facilitates P2P contracts and applications via its own currency vehicle. The primary purpose of ETH is not to be a payment solution (to my knowledge).
I sold almost all my BTC, my portfolio is now 80% ETH and it annoys me a little to see how ETH struggles to gain value whenever bitcoin's price drops (actually I am exaggerating a little, since January 1st ETH is doing alright compared to BTC but still you get my point).

Any opinion welcome.
Thanks.

The reason why bitcoin and ethereum prices still related, I think because bitcoin is the king and ethereum is the queen. Bitcoin price will affect all altcoins.

[Zuriel]

Bitcoin an Ethereum is not related to each other it so happen that bitcoin has the control over all altcoins the very reason why Ethereum is badly affected when bitcoin is in sick moment.

[anshor1]

Hi folks.
I wanted to raise this quick question: while BTC and ETH are powered by the principle of distributed ledgers and cryptography, the two differ in many technical ways and they also differ in purpose. Bitcoin is a so-called currency, while Ethereum is developed as a platform which facilitates P2P contracts and applications via its own currency vehicle. The primary purpose of ETH is not to be a payment solution (to my knowledge).
I sold almost all my BTC, my portfolio is now 80% ETH and it annoys me a little to see how ETH struggles to gain value whenever bitcoin's price drops (actually I am exaggerating a little, since January 1st ETH is doing alright compared to BTC but still you get my point).

Any opinion welcome.
Thanks.

Because bitcoin is the first of crypto currency and The King. The bitcoin price will affect the value of other crypto.

[victorianomojica]

The dominance of Bitcoin in the world of cryptocurrencies is still strong and in the near future this will not change. Ethereum is a good coin, but it is unlikely to grow much faster than Bitcoin. Perhaps in the future, when the team Ethereum will solve the problems associated with the scalability of the network and the cost of transactions.

[kenning]

Although btc and eth is two different body but they are still under a small boss crypto, even a slight changes to crypto happen both of them will definitely feel the impact no matter what.