Why do you think we're rising? Because we seem to have a lot of trouble going up. It's rising a tiny bit by bit but always on lower volume.

If an ETH crash were to happen now, won't it drag BTC down with it? All the new people will be panic selling everything they have, just like a few weeks ago when the monero crash caused everything to crash including bitcoin. And monero is much smaller than ETH.

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

This one was a bit different as it induced a very negative emotion on many people. Of course it could be a coincidence, but people seeing others selloff can trigger their own selloff even if they have nothing to do with XMR. XMR was one of the highest volume coins the day of the 'crash'.

Anyway, ETH is a lot bigger, and a capitulation in that one could drag BTC down with it. Everything is connected in crypto, you just have to put yourself in the shoes of someone new to crypto. They have never seen a bear market, only crazy rises. They are all big in ETH because ETH has been on the fast rise. Then they see that one dumping. They are going to panic sell, and I assume sell their BTC too just to be safe.


Just my thoughts and of course that's only if ETH is panic sold. If the decline is as slow as it is now probably nothing will happen to BTC.