Bitcoin Forum

Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?

Profit booking and potentially buying new GPUs with those numbers. Most of the time whenever a certain coin (like bitcoin) hits a bullish run, most traders will get all their profits and re-enter the maeket for more money. Losing 20% of its price within hours is no surprise seeing that it gained almost 500x in a span of >1 year.

I am so sure why there is a continuing bearish market attitude towards Eth right now but maybe it is because of what happened with the StatusCoin ICO where the Ethereum network was rendered frozen due to the huge number of transactions at the same time. That event exposed a weakness in Ethereum and it was an unfortunate one but am sure Eth leaders and developers looked into it with some serious face.

Personally, I am not that worried with Eth because it is actually following the trend for Bitcoin as it is getting stuck where it is now while waiting anxiously for the August One event. Eth can get back on track soon and it is the right time to buy more Eth as the price is lower than the $390 level last week.

Bitcoin and Ethers are two good crypto to trust and hold.

because it rose more than 40x in a few months with no real justification. it ain't 40x better than it was in march.

maybe people are starting to question how it can deserve such a high value.

ETH is not wall street ... is cryptocurrency... -20% is normal.... -50% is normal ..... -50% today and +250% tomorrow is normal in this world  ::)

If you're planning to buy ETH, do it as close to August 1 as possible when many or possibly the majority of BTC holders will pull their BTC coins off the online exchanges... Then most of the crypto market will most likely crash and it will be a good time to buy. That's what I think anyway.

never think you know how the market will go, no one knows what will happen. i think crypto still strong maybe not as big gains but still growth.

Taking profit is what is forcing ethereum price down. Though ethereum has fall 20% since last week I think this provided another opportunity to buy. Don't see this as any bad things has happened to ethereum than normal market behaviour. Once again, best time to buy ethereum is now!

we'll know long before then whether there's a split or not. the likelihood is somewhere around nil right now. no one wants it no matter who they are.

Yeah, profit taking.  That's the only explanation I can think of, and it's usually the only one you need when you get a dip like this.  Prices rise and fall, only with more volatility in crypto.  This big money has to have come from people who normally wouldn't invest in crypto.  Bankers, mom & pop type people.  There's been a lot of new money behind all this craziness.  And yeah, people are going to be buying the dips too, so we're probably in for another moon shot.

The real reason is because it was artificially pumped for more than 40 times almost. I see no reason for this happening except that many people in their home have build mining computers with the sole purpose to mine Ethereum, maybe that give it the big pump but now this is not news anymore. I am waiting for Ethereum price to go down to where it belonged before the pump.

Natural correction of an overheated rally. Something that rises that fast will definitely go down as fast.

We dont know wthe main reason. But I think why ethereum dump because most of the traders have ethereum for sure decided to sell their ether. But dont worry for sure the pricr pf ethereum will back again to the price of 350 dollars and for sure it will increase at $500 in the month of july. So uts better if you buy ethereum now because if many traders see ethereum dump they might be interest to invest in ethereum so the price will increase again.

http://www.cnbc.com/2017/06/21/ethereum-drops-15-percent-demand-growing-pains.html

Remember the flash dump on the bitfinex just give a lot of attention for those are traders to put the lower order to prevent another flash dump will come from the ICO account. A lot of the big ICO in this month that gives the massive adoption to the blockchain to gain the more transaction to flip their money through the ICO. That makes the blockchain to be bloated.
The more transaction gets stuck in the network.

Indeed, without any bad events or news that affects ethereum, it seems investors trying to cash out their investment and set buy orders at cheaper price, purely for profit obviously. Only traders or some people who knows how much it will decrease and when it will start to recover. I will convert ethereum, buy some new GPUs or diversify to another investment and buy back later.

Just want to share my thoughts on this. Ethereum dropped because it is a part of its lifecycle chart. Checkout the previous chart of ETH from its daily frame. You will notice that it needs to drop to proceed going up.

If you buy a bulk of ETH from the top, dont sell it. Just HOLD, in 3 to 5months it will go up again.

-20% is nothing abnormal for a coin like ETH. Also if you have a look at the charts, it went up too high, too fast so this is a correction and I think it is very healthy for ETH. In a few weeks/months it will go up again. It is a cycle.

etherum down price , because one week until now still problem transaction
transaction confirmation is very long time

Because LTC have been joined the war of throne.

The main reason why ethereum's price is dumping because there are problem on ethereum's network until right now
the developer of ethereum doesn't do anything about this problem because of it,
many traders think that is bad and sell ethereum is best choice because trend of ethereum's price is down
so they must stop lost right now or will be more losing money.

I did not understand how you calculated that 20% dump? yes agreed ether has came down relatively since few days.

Hi there -- long time listener, first time caller.

As a developer, I've been doing a lot of reading and testing on Ethereum over the last few months.  The idea of smart contracts is a great addition to the evolution of crypto-currencies and I am fully supportive, however there are many issues of scaling which are still being addressed by the community.  I believe Ethereum's scaling pains surfaced with some recent ICOs.  Transactions queued up, many would be buyers were left in the dark, and it just left a sour taste in people's mouths.  Probably a temporary dip IMHO, as these scaling limitations were and are well known, so really no new information came to light.

Of course, it could just be profit taking and selling pressure.  As a trader (I mainly trade commodity futures), I will oftentimes see big dips in the price on no news.  Crude oil has been taking a beating lately, for example, and there are many intraday dips where many levels of the book are wiped out just because some whale decides it's time to sell.  Hard to predict, hard to explain.  Just part of the game.

Of course this is just a temporary set back and is normal with altcoins. Eth has a good foundation and a good team so same as btc, indon't have any reason to doubt that it will definitely bounce back. The more good reason now for eth supporters to buy.

the price will be back normal like before like you said. but for now, i think we will see the hard situations which almost altcoin is down too deep. we can see that not just eth is down, but the other coins have the same situation, all we can do is make backup buy order or just waiting for a while and later we can see the price is getting up again.

A negative development ? Why all the coins dropping.

It caused by those fucking flippers try to bloat the ethereum network, and it contains more transaction. The network can validate the transaction for fast and the more transaction gets stuck in the ethereum network. The flippers must be stopped.

It's a market correction and also those projects which received the ICO funds have to cash out to fiat to be of use.

eventually price will be set once august 1 is over,. hopefully it wont leave many crypto-fanatics crying. hoping for the best.

main reason is people start panic selling
i never panic i plan to hold it till 2018 jan :)
its great time to buy more

Three reasons.

1. People were flipping out of Bitcoin into Eth as Bitcoin scaling dispute just drew on and on - now Segwit 2x will activate, scaling is solved, people are flipping back. This is the most important reason.

2. Ether developers often stuck their money loving fingers into numerous what I consider to be semi-fraudulent ICO offerings (I'm not saying fraudulent as I don't want to be sued for defamation). All that Eth raised by the clever and quick in these ICOs does not want to stay in Eth, it wants to go to USD, so there's constant sell pressure to convert Eth raised in ICOs into USD.

3. There was an altcoin bubble and it's over. The whole market save Bitcoin is significantly correcting down after a huge run up.

As if only ETH drops its current price drastically. As you can see, not only ETH is affected, big names are also heavily affected  this week. Almost all coins in top 100 crypto are being pushed down, I am expecting this til next month.

coz pumpers and ICO scammers squeezed huge profits out of this shit and are going out  ;D
Its over move on
lets have a minute of silence for those poor n00bs who put all their savings in near the top ::) you made someone filthy rich

http://www.zerohedge.com/news/2017-07-10/one-trader-made-200m-trading-ethereumand-nobody-knows-who-tax (http://www.zerohedge.com/news/2017-07-10/one-trader-made-200m-trading-ethereumand-nobody-knows-who-tax)