Post
Topic
Board Altcoin Discussion
Re: Can ETH Down impact bad effect on Bitcoin?
by
eann014
on 19/08/2018, 12:48:14 UTC
When the crypto market was sky high, we have seen almost the same ratio within BTC and Eth price increase. When bitcoin price was 12K or more, ETH price was 600 USD, Bitcoin hits the 19K USD Milestone and ETH hit 1500 USD! But at this moment, the bitcoin price is 6300 USD plus but ETH pice only 285 USD! So, this ETH downtrend can impact bad effect on bitcoin? We know eth and other coins price ups and downs depend on the Bitcoin. Then what is now?
I think ETH is the one who is relying on bitcoin, ETH can't have a bad effect in bitcoin because bitcoin really goes down for a reason, which is, we really don't know exactly what is it, but I am sure that it will take its price back but not now, maybe for the next month or next year, let's just wait more and be patient.