Bitcoin Forum

Actually it seems that almost all serious coins are red. Probably people are getting ready for the 1. August SegWit.

There were also too many ICOs build on Ethereum wallet and mostly invested with ETH.
Developers (actually most of them didn't develop anything, just copy paste) got free ETH and now selling all.
I think that is why ETH is the most loosing cryptocurrency at the moment.

What do you think guys?

Yeah its all red

Majority reason i would say is due to The Segwit implementation, because everyone hate changes

For the next point you mentioned, it could be valid because they need real fiat to purchase, hire and other expenses

But i think they don't sell in mass i suppose

I think it started cause of SegWit. What we have now is good old panic.

It ll pass in a few days, we ve seen this before.

It s also great time to buy.

ICOs wallets are being watched tightly, the developpers can not sell just like that. And to this day I have not seen any ICO that succeeded that had nothing backing it ::)...

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I concur. SegWit created this panic, and it is a great time to buy.

Eth is now worth $190 but there was a time when it dropped even more than now. Now might be an indeed good time to buy some but as I once bought eth and got it stolen, I just don't feel like buying right now.
I agree that this is definitely not a reason to panic, everything will return to normal in a few days.
Perhaps now is also a good time to buy ltc even though it is not suffering much from current big drop of prices.

Yes, but probably not for long. After August 1 saga is over, everything is gonna go towards normal again and the top coins like Eth are gonna get back to their best as well.
So, its just a phase, I don't think anything is at loss at the moment.

it is not related to august 1, even if there is no august 1 issue we would see the same scenerio.

that is BTC segwit on 1 Aug, what the matter about ETH??

Yeah most recent big ICO's sold their ETH's for FIAT.

Instead of doing it step by step, like 1% a month, they are doing it like 10%/25% at once.

This is why people should wake up and stop blindly send money to ICO's.

If an ICO want more then $10M, have some deep doubts about it.

All this $100M ICO's, think about it like that: you simply fuckup your own portfolio. as right away they will convert it to FIAT and you lose.

They were rushing to save their money into the fiat balance that will be securing them from the massive dump before the fork of bitcoin will be happening. Those keeping the ico balance of ethereum already invested in the ICOs.
That gives the more supply to the market. Looks the panic sell already happened in this time. I've seen the someone ( i believe the ico) try to dump the ethereum to the market.

This is not crashing, this is market fixing itself.
Bubble was too big to pass. Now its melting thankfully. We may have more healthy prices.

Less whales

Bitcoin is in red also. Must be the bigger mass of people really panic because of SegWit and decided to cash out their coins while the price is high. I don't plan to join, I have couple of ETH and a little of BTC, I will just wait, because of I am sure even if a drop will be somehow serious the price will come back on it's previous level and higher.

Yep, the ICOs are dumping their eth, and they are dumping hard. Too any "projects" were used eth and I figure they are cashing in now. Expect the price to fall further and sell sub $100.

The are not the one to blame for ETH dump. All cryptocurrency right now are all on dump status if you don't know. Maybe this is the effect of split craze madness. Some whales are playing on crypto market right now.

the big and numerous ICOs were the only reason why ETH went up in the first place and then the hype and their relentless advertising helped the rise become bigger.

now that the number of new ICOs has faded away and the old ones are selling the tokens they have gotten to get out the price is starting to drop.

and also never underestimate the power that panic sells have. when the drops start, everyone abandons ship.

$178 per 1 ETH is really too bad for the cryptocurrency world

What is going to happen next? $100? Probably it will not crash more as there will be more investors are waiting to buy it for comparatively cheaper prices. So, we cannot expect this type of crashes to be continuing for longer duration.

I don't think ether will crash so easily even it's growth was too fast now it's around 180$ this has reached couple of time from past few months . Still ether is in good position to hold.

I fully agree. We should allow scammers to run amok and steal other people's money, crypto was supposed to be anti establishment and "for the people", and I know when dealing with people you have to run into some scammers, but then the people should vote against those kinds of things.

ETH being one of the more popular trashcoins should fall down to its realistic price range of $3-$5, and stay there forever so we don't get another shameful moneygrab like we did in the ICO scam era of late spring-early summer 2017.

How do you recognize a dumb crypto degen?
- He still HODLs (for fuck sake, that dumb meme) XRP, DGB or ETH in july of 2017.

the holy trinity of shitcoins; XRP, DGB and ETH.

So many people using ETH, why should it fall to $3? you just randomly drop a number?

If more people will use Bitcoin, then according to your theory Bitcoin should fall into $3 price as well?

You are making no sense at all.

This entire crypto of the modern day is built upon Ethereum, it is the most important blockchain atm.

Bitcoin became more of an asset then a coin, you really think we can relay on Bitcoin? hours for 1 tiny transaction, FIAT winning that.

If so, Ethereum price should be more as $1000 or even to pass Bitcoin as it is the future.

Once PoS is fixed @ ETH, done.

Almost thirty percent drop in the last seven days... Nothing new for altcoins, but for a multibillion dollar market cap it's a lot.

Can anyone give me a good reason why it was worth tens of billions?

All the ico junk did was create a slow suicide for the price.

Well, the bearish trend will not stop with this percent, it still begin and we can see new lowest price soon.

Example: In March to May is bullish trend and very more highest created as XRP, STR, DGB, SC, LBC ...

=> In June to August is bearish trend anh new lowest price not see in 2017 will creating in this time ::)

But muh stash of CHC!!!

Not only ico is the issue if you noticed the market cap which is now at 80 billion from 105 billion in june. After eth started crashing and the people who sold told they enough profit after few days many started following this trend of taking profit which led to the crash of all the coins. This isn't any bad news because obviously the market will recover but it can weeks weelsor maybe months.

Is this really a surprise for anyone?

ETH is driving the whole market down, and I don't think there is a bottom in sight.

well said! Actually that would be the best time to buy :)

If we see ethereum coin dump I think this this is the right time to buy more ethereum. Many people panic selling But I dont know why those people panic its because of the august 1 is near or what? I hope in august 1 will become okay . I hope ethereum will increase again and will back to the price of 350 dollars per ethereum. Buy more ethereum to make a lot of profit. Be patience and dont panic selling.

from The watchlist thread
https://bitcointalk.org/index.php?topic=1994315.0

https://s24.postimg.org/58cz0khnp/eth.png

hahahah the meme lines, oh man...so we found new support, buy buy buy ETH is gonna moon hodl hodl lmaaaooooooo

wait a sec. my head full with a doubt. not any longer bitcoin chain will be a maintenance. if we hold ethereum with such a problem what do you think? i think we need to catch the dip at least a week more to see what schemes behind this crash

You can't decide whether or not it's right time to buy ethereum now. We don't know how much more the market will go down. Believe me it's not a dream to see ethereum around $100 again. This is easy. Just don't react too fast when buying.

The price is always bounce back again, Too difficult where the price of ethereum goes. I think just try to put your order in the bottom if you are want to grab a lot of the cheap ethereum. And just be oatience until your order gets execute by the market.  ::)

If a coin crashes and rises so fast it is good to buy and sell
If a coin rises steady (even though slowly) it is good to hold.
I don't think such a currency supported by many big companies will die. As it is said "buy low sell high".  ;D

I dont think this current condition is crashing,
we have to be very careful.

Crashing is when some expected value drop to almost zero and not recovered,... globally.
it is recoverable and it is normal if some price of trading is dropping.

This current drop price should be compared to 6 months ago or even to 3 years ago.
It is obvious not crashing.
It is just dropping.