Quote from: Argoo on September 05, 2018, 09:09:48 PM

Quote from: labilaab on April 07, 2018, 05:13:18 AM

I really taught this year was for Ethereum but what happen? Undecided

I'm so disappointed holding it. Why did Ethereum go with btc flow? Everytime btc falls it falls also. Im rooting for it since its is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract. If the erc20 token using it has high price then why is ethereum price not directly proportional?
In your own opinion?

The price of ethereum, like other types of crypto currency, depends directly on the price of bitcoin. Ethereum simply can not do otherwise. This is due to the fact that bitcoin has a very high degree of capitalization compared to other types of crypto-currency. This gives him the opportunity to dominate the price over all crypto-currencies. If such a situation ever changes, and bitcoin loses its high level of capitalization, then its price dominance will disappear.

I don't think ethereum drastic fall is due to bitcoin's current decline, if you should consider the rate at which ethereum is falling it is way bad and nothing to compare to that of bitcoin's and bitcoin isn't doing that bad, but ethereum is one of the alts doing terribly bad these days which could be subjected to some hidden manipulation.