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Is Tether highly exposed only to bitcoin and not ethereum? Bitcoin price seems to be taking a heavier hit than Ether https://www.coingecko.com/en https://www.co
by granaldo 9y ago
Is Tether highly exposed only to bitcoin and not ethereum?
Bitcoin price seems to be taking a heavier hit than Ether https://www.coingecko.com/en https://www.coingecko.com/en
- Nursie 9y agoIf people start to flee the system I wouldn't imagine any of them is safe from panic, runs etc.
- cptskippy 9y agoI was noticing that the other day. I wonder if that's because Ethereum has contract functionality and thus as some intrinsic value to it.
- deleted 9y ago[deleted]
- duskwuff 9y agoOn the other hand, the main application for those contracts is ICOs -- which are themselves primarily a speculative instrument. It's turtles all the way down.
- conanbatt 9y agoThis is noticeable and a trend for quite some time. ETH might actually have some inelastic demand by the developers of tokens, so its more resistance to volatility. All crypto is taking a hit right now, but eth is gaining share.
- geerlingguy 9y agoSomewhat, but it's falling now (within the past hour). Seems like it's not as divorced from Bitcoin's moves as optimists would like.