Post
Topic
Board Altcoin Discussion
Re: Is the price of ethereum dependent on bitcoin?
by
Aptekary
on 14/10/2018, 19:36:12 UTC
Most people have the mindset that the price of ethereum rises with bitcoin and vice versa. How true is this?

Based on my experience,  I think the value of ethereum is not based on bitcoin because there is a scenario that bitcoin value goes up and the value of ethereum goes up and sometimes the value of bitcoin goes up and ethereum goes down so I think they are not connected to each other. 
The fact is that today the effect of the Bitcoin price on the entire cryptocurrency market is very clearly seen. Thus, it can be assumed that Ethereum is also dependent on Bitcoin, but I really do not like it. And I want to see global changes in this regard.