[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 59 KB, 910x571, ethvsbtc.png [View same] [iqdb] [saucenao] [google]
7207509 No.7207509 [Reply] [Original]

Anyone got idea why would that be?

>> No.7207535

correction for the run it had right before on top of BTC

>> No.7207549

>>7207509

Why would ETH be immune to market correction? It's held up the best of all the top 20 market cap coins.

>> No.7207557

l-le flippening

>> No.7207562

because BTC was falling since 2 months

>> No.7207577

>>7207509
ppl spending the eth on altcoins possibly..thinking it was about over.. lolol

>> No.7207599

>>7207509
ETH is like -35% from it's ATH, BTC is like -60%

>> No.7207614

>>7207509
ETH stayed up because it's the fastest way to exit. so everyone was pouring their ETH into it so it took longer for ETH to be affected. It's still no where near it's buttom.

>> No.7207649

Because bitcoin is "the original and the best", branding is important - you think normies are going to invest in ethereum over bitcoin? You think normies are going to invest in a niche crypto if the main crypto is crashing?

>> No.7207654
File: 11 KB, 251x201, images.jpg [View same] [iqdb] [saucenao] [google]
7207654

>>7207509
Getting your shit coins out through bitcoin takes too long, it's much faster with etherium.

>> No.7207691

>>7207509
eth lagged btc on the way up so it will do the same on the way down

>> No.7207718
File: 4 KB, 211x239, 1517254140224s.jpg [View same] [iqdb] [saucenao] [google]
7207718

>>7207509
>nothing should ever go down

>> No.7207729

>>7207509
Thats only the 24hr. ETH is just playing catch-up.

>> No.7207749

>>7207649
this

>> No.7207809

>>7207535
>>7207549
>>7207557
>>7207577
>>7207649
>>7207654
>>7207718
>>7207749
>OP asks a retarded baseless questions
>everyone automatically takes the question as a fact and starts coming up with retarded answers

ETH didn't get hit harder than BTC

>> No.7207843

>>7207509
eth is still gaining market share

>> No.7208070

The last tether injection was 600 billion usdt. But btc didnt pump afterwards. Guess which coin did. Now theyre cashing out into real money.

>> No.7208253

>>7208070
Million*

>> No.7208262

>>7207509
because ETH is overvalued shitcoin held by naive teenagers that got into crypto year ago

>> No.7208285

Because the flippening is a meme

>> No.7208332

>>7208262
If ETH is overvalued, then what the fuck do you call BTC?

>> No.7208368

>>7207509

eth pumped too hard too fast, plus even at $300 was already expensive

>> No.7208830

>>7207809
It will get hit just as hard - BTC down 12% at the moment and ETH down 20% - there appears to be a small delay in the correction for ETH.
Brainlet does not understand there is more to a market than just the technicals such as brand and market penetration.
Did someone buy high yesterday getting caught up in the flippening larp and how ETH has decoupled from BTC and the entire Crypto market.

>> No.7208857

>posting in a brainlet thread

>> No.7208872

>>7208332
Overvalued. All of it is overvalued for fucks sake you do not need to be an economist to see 3000% gains are not sustainable.

>> No.7209172

>>7207509
Karma for retards that bought 20x 1080Ti's. I hope Ethereum causes cancer too.

>> No.7209509

>>7207654
Bitcoin is actually pretty fast currently

>> No.7209528

>>7207509
why the fuck do you think you stupid fucking ethiest?

>> No.7209557

>>7207809
Fear, uncertainty and doubt (often shortened to FUD) is a disinformation strategy used in sales, marketing, public relations, talk radio, politics, religious organizations, and propaganda. FUD is generally a strategy to influence perception by disseminating negative and dubious or false information and a manifestation of the appeal to fear.

While the phrase dates to at least the early 20th century, the present common usage of disinformation related to software, hardware and technology industries generally appeared in the 1970s to describe disinformation in the computer hardware industry, and has since been used more broadly.

>> No.7210031

>>7209172
maybe you mean 20 rx580s, because anyone who bought 20 1080ti's would be absolutely retarded to be mining eth with them, they suck balls at dagger hashimoto

>> No.7210324

>>7207509
The POWH retards accidentally found a critical exploit in ERC20 tokens, which allows you to rob wallets with a simple request.

>> No.7210672
File: 397 KB, 978x972, 1449449712465.png [View same] [iqdb] [saucenao] [google]
7210672

>>7209172
>WWAAAAHHHHH

>> No.7210796

>>7207509
Because it's 70% premined and centralized?
Really makes you think

>> No.7210939

Because ETH/BTC went down and BTC/USD went down so ETH/USD went down more.

>> No.7210944

>>7210324
It was bad code in the POWH contract, the coin was barely ERC-20 compliant.