Voted Coins
follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Author Topic: Why is Ethereum price action still influenced by BTC even after decoupling?  (Read 3212 times)

Offline Stompix

  • Legendary
  • *
  • *
  • Activity: 3071
  • points:
    254776
  • Karma: 274
  • Bitcoin Mixer| Since 2019
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 10:07:18 AM
    • View Profile

  • Total Badges: 17
    Badges: (View All)
    One year Anniversary 2500 Posts Karma Bad
My thought after decoupling was that ETH will fly solo impacted by it's utility and the general market sentiment largely influence by BTC.

So, if ETH was suppose to fly solo then why did it go up when Bitcoin went up?  ;D
How is this decoupling going to work if you want only the rise to be coupled only one way?

As for "utility", we've heard this for 5 years already and it didn't help one bit till, surprise, Bitcoin got a boost!

This terrible!! How can a network with all these problems and outages outperform Ethereum, it is impossible.

I have a better one, how can a coin that was successfully 51% attacked and had its chain re-written 5 times still be worth $4 billion and be ranked 25th  by market cap? A lot underestimate the amount of "investors" that care about technicalities or any other thing and more about the price ticker, the huge percentage that buys coins just because of the name and forget about them for months.

Altcoins Talks - Cryptocurrency Forum


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Offline Gurujebs

  • Legendary
  • *
  • Activity: 2721
  • points:
    386647
  • Karma: 111
  • Mixero: Privacy by XMR (Monero) bridge
  • Trade Count: (0)
  • Referrals: 2
  • Last Active: Today at 05:26:23 AM
    • View Profile

  • Total Badges: 24
    Badges: (View All)
    2500 Posts Fifth year Anniversary 1000 Posts
Thats not the point, everyone thinks that there is an answer to this question and trying to answer it but the reality is that the question is wrong, so you can't ever give a correct answer to a wrong question. There is no decoupling, bitcoin and ethereum (and everything else) is still connected to each other and I believe that it will be for a long long time. This means that we are going to see them move together as well, that won't really change anything, we should just let it be and consider this as quite a possible situation. I understand it may not feel that way at times, but it is very much connected like I mentioned.

Bitcoin will always be coupled with other coins because it's the fundamental of all the coins that we have in the market. If you look at ethereum since the beginning of the is year, there has been a comparison between it and Bitcoin, some are saying it will be the next Bitcoin and this are the things that make people still give priority to Bitcoin before they make decision on Bitcoin. If Bitcoin has a shakedown, Ethereum and other coins do the same thing and this is why they move along and it can't be broken as long other altcoins can stand alone as fundamental coin without not been compare.
░░░░░░░░░░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░██████░░░░░░░░█████████████
░░░░░░░░░░░░░░░░░█████████████
░░░░░░█████████░░█████████████
░░░░░░█████████
░░░░░░█████████
░░░░░░█████████░░░░█████████
░░░░░░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
████░░░░░░░░░░░░░░█████████
██████████████████████████████
█████████▀▀███▀▀░░▀▀▀█████████
███████▀░░█▀░░░░▄▄▄▄▄▄▄███████
██████░░░██░░▄█▀▀░░░░░▀▀██████
█████░░░░█░░███████▄▄▄░░░▀████
███░██░░░█▄████████▄░▀█▄░░░███
███░░██░░░███████████░░▀█▄░███
████░░▀██▄▄████████░██░░░█▄███
█████░░░░░▀▀▀▀▀▀██░░██░░░█████
███████▄▄▄▄▄▄▄█▀░░░▄█░░░██████
████████▀▀▀▀░░░░░░██░░▄███████
██████████▄▄▄▄▄████▄██████████
██████████████████████████████
██████████████████████████████████████████████████████████████████████████████████
.
MIXERO.IO
.
██████████████████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
..
..
..
..
..
..
..
..
██████████████████████████████
███████▀▀██░▀█████████████████
████████░░█░█▀▀░██████████████
████████░░▀░░░▄███████████████
██████▀░░░░░░░░░▀██████░▀█████
████▀░░░░░░░░░░░░░██▀▀█▄░░████
████░░░░░░░░░░░▄████▄░▀██░░███
████░░░░░░░░░▄██▀░▄██░░██░░███
█████░░░░░░▄██▀████▀░░██░░████
███████▄▄▄████▄░░░░▄██▀░░█████
███████████░░▀▀▀██▀▀▀░░▄██████
██████████████▄▄▄▄▄▄██████████
██████████████████████████████
..
..
..
..
████
██
██
██
██
██
██
██
██
██
██
██
████
██████████████████████████████████████████████████████████████████████
.
MIX.NOW
.
██████████████████████████████████████████████████████████████████████
████
██
██
██
██
██
██
██
██
██
██
██
████
█████████████
█████████████
░░░░░░░░░██████
█████████████░░░░██░░░██████
█████████████░░░░░░░░░██████
█████████████
█████████████░░█████████
░░░░░░░░░░░░░░░█████████
░░░░░░░░░░░░░░░█████████
░░█████████░░░░█████████
░░█████████
░░█████████░░░██░░░░░░░░░░████
░░█████████░░░░░░░░░░░░░░░████

Altcoins Talks - Cryptocurrency Forum


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here


Online milewilda

  • Legendary
  • *
  • *
  • Activity: 2267
  • points:
    436849
  • Karma: 43
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: Today at 03:30:14 PM
    • View Profile

  • Total Badges: 18
    Badges: (View All)
    One year Anniversary 10 Poll Votes Poll Voter
My thought after decoupling was that ETH will fly solo impacted by it's utility and the general market sentiment largely influence by BTC.
The was expected to be a game changer but i think we seeing the opposite or perhaps there some info i am mising?
One of the reasons why Ethereum has always followed Bitcoin's performance so far is because of market sentiment. Historically, the price of Ethereum will also follow the price movements of Bitcoin, for a long time, because they have a strong correlation in the market and also the sentiment of its investors. Let's just analyze it, every time Bitcoin goes up, ETH will also follow, and so is the case, when Bitcoin suddenly drops drastically, then so will Ethereum. Both of them are cryptocurrencies that are quite close and full of investor sentiment in the market, which has a strong correlation with each other.

Read this:
https://www.fool.com/investing/2024/05/25/will-ethereum-soarsoar-116-in-2024/
Anything below Bitcoin or shall we say all of those coins underneath would really be having that kind of alignment or something that they do depend on Bitcoins trend on the market.
Yes, these coins could really stand on their own basing up on the utility or whatever that it do offers, but we do know that they would really be just that always behind on Bitcoin when it comes to market condition and trend. If it turns out to be bearish then majority of coins would be falling next in line and this has been always the condition that we are really that seeing in the market.

 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod