Bitcoin Forum

For first ETH correction, the price touched $200 bottom then it swung back hard because there was a reason - it was a fake news. Now it's second correction, there is no reason for it to bounce back. People realize the disadvantages of ETH, they sell off and never look back. So we may see sideway actions or under $200 bottom. My target of new low is $100-150. What do you think?

Eth didn't fall because of fake news. Eth fell because the market is falling. New money is scared.

ETH indeed fall because of fake news...

ETH might fall below 200 or might not... but it has been parabolic move.. so some correction would be expected in future..

better to put stop loss

It caused the flippers are trying to bloating the ethereum blockchain manufacture. That makes ethereum get delisted due to the unstable networ. The vitalik buttrin will have released a good update in the next time to improve the ethereum itself.

I hope the price of ethereum will not down at 200 dollars but if ethereum fall down at 200 dollars I will buy more because I believe the price of ethereum before end of this year 2017 will be 1000 dollars and I hope it will happen in true life. So what are you what are you waiting for buy ethereum now and for sure after few months holding you can earn a lot of profit. Dont sell your ethereum just hold it and keep buying.

yes i hope so, if etherum down its time to buy but i don't have more capital for buying again, so I just keep and hold my etherum  ;D

You are right that there is no reason for eth to bounce back to the prices it reached and it is not just because of people realizing the disadvantages of ETH, but also I think there are some successful ICO's in the past who are unloading their eth stash gained from their crowdsales. My new target about this new low is not just between 100$-150$ but somewhere below it. This is just my opinion though I might be wrong.

Eth will keep falling because of icos. Investors are using their stored eths to invest on icos.
Icos are collecting eths for their projects. Whenever they need money they ll sell huge amonths of eth and it will reduce the price more. Maybe it can start to climb again when only gpu eth mining is over.

So you guys mean because of the ICOs ether price is probably going down due to the cash out of ether by the ICO company? ???

Yeah this is the main reason that it is decreasing so fast.
Second reason is the bull market is over for a while. Many investors started to sell because they got enough profit. And ofc many panic sells...  

ETH needs to control these out of control "ICO's".

I agree that ICOs cause ETH to fall. But it's not the main reason for reduction in ETH price. If you see coinmarketcap, All major cryptocurrencies are falling even more than ETH.
Now the reduction in ETH price is very slower than last days and I think soon the price will increase again.

A lot of people are shorting it, they got fed up of the ICO insanity and are now losing confidence on Ethereum as a whole. I don't see ETC any different so im not buying.

The Bancor ICO was a total disaster, its already trading under ICO levels, im glad I didn't fall victim of the hype.

BTC under $2000?, everything is possible in both direction in the market now.

Doubt it buddy. BTC is sticking to  the Status Quo in regards to scaling. The transaction fees have gone down and the blockchain bloat has gone down (i think "they" stopped spamming the network). So BTC will be the "reserve currency" of the crypto space (at least for the short to mid term,, until it scales). So price will sit between 2.7k to 4.8k before the end of the year. Thats my guess!

For now unleash the beast.... unleash the sleeping dragon, so he can breathe some life into the crumbling cryptoworld... unleash the "transaction gobbler"... unleash LTC.

Both BTC and ETH charts look close to bottom already so doubt ETH is going below $200.
Will be a good buying chance if it does.

I think the market has grown impatient, I suspect some of the ICO's are dumping their Eth. I was going to buy some last week, but I'll wait a couple more to see if it will dip sub $200.