Post
Topic
Board Serious discussion
Re: Why do bitcoin and ethereum prices still very related?
by
joromz1226
on 17/02/2018, 12:58:38 UTC
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.  

Well actually, I didn't get you're point actually. Though I agreed they are differ to one another that's true, How ever in terms of value they have big difference  in that. Because bitcoin in terms of features they are not the same especially in sending money in every countries. While Ethereum for now was being used most often in the ico project as way of payment of the token project.