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BTC and ETH

Discussion in 'Cryptocurrency, Finance, & Gambling Discussion' started by President, Feb 27, 2021.

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  1. President

    President Hero
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    BTC and ETH
    Blue = ETH
    Orange = BTC

    I'm a cryptonewb. Can anyone explain to me why these two behave so similar?

    [​IMG]

    [​IMG]

    [​IMG]
    [​IMG]
     
    President, Feb 27, 2021
    #1
  2. Zora

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    BTC and ETH
    A very simple answer:

    BTC is the core in Crypto. When btc drops, nearly every other coin drops. When BTC goes up, nearly every other coin goes up. So it's not just for ETH.
     
    Zora, Feb 27, 2021
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  3. here4money

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    BTC and ETH
    90% of the coins move like btc does.
     
    here4money, Mar 2, 2021
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  4. MAGZ

    MAGZ Nothing has to go here tbh.
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    BTC and ETH
    The way these two move is like how Zora explained. Perhaps if ETH actually upgrades then it’ll eventually move on its own but for now it’s not gonna do too much.
     
    MAGZ, Mar 2, 2021
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  5. ob7ivion

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    BTC and ETH
    upgrade or not, it wont. unless the ETH/USDT trading volume heavily outperforms ETH/BTC
     
    ob7ivion, Mar 9, 2021
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  6. MAGZ

    MAGZ Nothing has to go here tbh.
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    BTC and ETH
    Oh ok.
     
    MAGZ, Mar 10, 2021
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