Bitcoin Forum

how can ETH, which was supposed to be a "stable" coin, drop a 85% since ATH? taking in mind it is also used by nearly 90% of ICOs nowadays.. how can drop that much the price? absolutely nonsense

ETH as a stable coin? it is not a stable coin, USDT is.

Bitcoin dropped as well so expect that all of its underlings will go down.

Can't believe the drop? you have to believe it as you can see it with your naked eyes and this topic doesn't belongs to Speculations. I think this suits Altcoin's.

Ethereum is also one of the decentralized platform so it is pump and dump at anytime. If you want to make good profit this is the right place because market will not end and worst altcoins are going to be dead. All the prices are depends on demand of the coin so we can't conclude at anytime. Nowadays most of the Projects are follow the ethereum smart contract so you feel it will not success in future but actual concept is different from ETH.

You speak like a newbie,just calm down and everything will be allright.
Most of the altcoin prices dropped with more than 80% under their ATH,ethreum is no different than all the other altcoins.Such a price drop means that their prices were a part of a speculation bubble that bursted(which is good for the market).

It's unpredictable market and people can sell there ethereum anytime as long as they want to sell as we can't force them to keep holding. Although it's a drastic drop within a short period of time. We just hope that this will recover quickly as many token will be affected and the confidence of the investors will lost.

No one ever know a stable coin even bitcoin has its ups and downs the fluctuation is real and I think were going to experience changes now and then every time the markets of Cryptocurrency fluctuates, We can not know the future of a coin even for the long running and first coin that is bitcoin, There is no such thing as stable coin, But I can never say that the market of cryptocurrency will end with such down trend, And a manipulation is even reasonable at times like these.

Every coin will dump for sure, and there is no investment that is pure profit without experiencing any loses. Look at bitcoin, this is a top coin and yet its dumping. Maybe its a price manipulation but every coin will experience this. ETH is doing good today, this mean that it will always pump after a big fall just like bitcoin.

When btc drops altcoins also drops. But if you want to invest and day trade i think altcoin is the best for that. If you are going to invest in bitcoin i suggest that you hodl or if you want to trade in btc you must invest with a higher amount of money so that you can have high profit. The market is so unpredictable, i think that you must be aware everyday with the pumps and dumps in the market.

The price of bitcoin fell since the beginning of this year this is not due to the manipulation this is happening because of the investors who wants to cashout their money when it reaches very high prices so it keeps continue to fall from that but the whales maybe initiated this but panic sellers caused the prices to fall very much and ethereum also fropped due to the same reason and its growth maybe stable but it is not a stable coins.

You say it yourself, it was supposed. Between theory and practice, there can be a great difference, especially in crypto. A supposition is not much different than speculation. Ethereum is, at some level, overhyped by the ERC20 token. Ethereum also has (or had) a scalability issue. And to be honest, Vitalik is not really good to be the leader of such project (I am not saying I am)

yesterday the ETH price reached the lowest price this year, yesterday the ETH price dropped below $ 200. the price of ETH is lower than expected.
now the price of the ETH has begun to rise, but do not rule out the possibility if the price falls below $ 200, because the downtrend is happening now.

There is no such thing as stable coin. Bitcoin has its ups and downs and price fluctuates every time, so Ethereum also has its ups and downs and price fluctuates every time, this is normal in the markets of Cryptocurrency. And I do not believe that the market of cryptocurrency will end.

Be very careful with ETH. Like other altcoins, it has crashed way more than bitcoin.  This up reaction might be exhausted. The trend is down. It has a very attractive support price at 140-145 usd.

It is possible to go down, the same class of Bitcoin has also decreased, especially at very sharp ETH, but I think it's okay for ETH rather than Bitcoin, in principle basically every coin will play or descend on this market, very unique price fluctuations it often makes people panic and is not strong on such rapid movements, it is also very likely that many people sell it on a large scale whether it's manipulation or whatever, which is clearly successful has made most people panic and sell.

I also get disappointed about the ways this market is dropping and it is really frustrating.  I hold some coins and tokens that has gotten dumped of about 90% since January.  I don't know if this is the end but I believe strongly that some people are manipulating the price of cryptocurrencies.

Name: No_more_cheaters
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Date Registered: April 15, 2018, 09:20:15 AM
Last Active: Today at 10:01:20 AM

 ???


When people do ICOs, after the ICOs they sell their ETHs to convert to Fiat. another thing, bitcoin is falling, so the ETH price is also going to fall, another reason is because it is not having many ICOs because governments are imposing tough regulations against ICOs and as we have many ICOs created by scammers, people are staying away from ICOs. put it all together then you will understand that it is understandable that the ETH price is falling

I assume he meant "stable" in the sense that high-cap coins are less volatile than low-cap coins, which is true. But I would always expect ETH to be more volatile in both directions than BTC.....I've been using it as one of my gauges for overall altcoin sentiment for the past couple years.

Anyway, 85% is nothing out of the ordinary for an altcoin. Bitcoin has had bigger drops from its ATH in the past. 2014 was slightly worse than that.

I wonder why this hasn't been moved to Altcoin's.

It seemed to recovered a bit today if that's what he meant about calling it as a stable coin. Like what we call about bitcoin as stable than the rest. I agree that bitcoin had bigger drop than this and its just a normal drop since we get used to it.

There is no stable coin I think because every coins is following the trend of bitcoin. The dump is normal aftet reaching the peak, we should not panic. This kind of drop will continue in the future, learn from this one now and see the opportunity of buying cheap coins.

LoL...throw-a-way account much??

He/She has some heavy bags of ETH, no doubt

It is possible there is manipulation yall, the big dip to $180 was only AFTER bitmex introduced the eth swap and Arthur Hays says "Hey, this is your best chance to punt ETH", what he meant by that can be interpreted many ways...

https://www.trustnodes.com/2018/09/12/bitmex-accused-of-manipulating-ethereums-price

But as for ETH's future?....there is literally billions of dollars of ICO money built on top of the platform. That alone would help me sleep at night if I had a big bag of ETH.

Ethereum is most potential coin in 2018. Dropping price is only temporary and the market will recover again and ethereum and bitcoin will increase the value very high. The market will recover like what we believe . Market will start to pump again if we still everyone buy more coins and ofcoarse ethereum because it is very potential coin for now.

No, it was not because the Ethereum network is having some problem in terms of scalability which was also confirmed by their CEO and was the cause of Ethereum pumping the 85% you mention. Although, still gain the heart of ICOs owner but not investors and crypto trader.

Well what happened to btc happened to eth after hitting their respective aths it seems. But does it warrant panic about the end? I don't think so. As we're seeing the market now, btc is holding strong around the 6.5k level while eth has just jumped back abive 200usd. Good days are coming.

The rise of Ethereum is caused by ICO, but now the decline of Ethereum is also closely related to ICO. When a large number of ICOs use ETH to collect cash, this will happen!

Of course, this is the manipulation of the hands of large people who own a large amount of bitcoin. I believe that this will end soon.

Agree, mainpulation of whales to buy more cheap Bitcoin, Etherium and other promising altcoins. I hope they will pump the crypto after they've collected enough baggage for them.

This is due to volatility of cryptocurrency market as all prices may swing without a valid reason. All crypto were suffer the drop of prices not only ETH it happens also on bitcoin. Indeed the fall of prices gives the other investors a chance to buy at lower price and control the market if they will buy huge amounts of coins. If you have money you can control the market and become a whales. Money is powerful weapon to control the situation. 

Unfortunately, manipulation is very much happening. I'm curious about the bad days behind this issue will be a lot of people give up. So what is going to happen ? Are new players coming? It never looks like it  ???

I think that this is manipulation, but planned for a very long time, no one will leave this market, because from it you can get a lot of profit

We can not say that this is END or MANIPULATION. We do not have the necessary information for this. But we can understand that the death of the market is not beneficial to anyone. In the long run. Realizing that the market will live, let's quietly wait.

The market will never end, and I think manipulation will never end too. We really need a strong regulations about this thing so those who owns huger volume of coins can't manipulate the market easily. This is not the end of course, they will be tired manipulating the market so that they can more money. Let's wait for them to pump ETH again :)

Manipulation and whales now one cant stop those people act, we must stay save, keep learning and watching market right now for not loosing bigger

Manipulated i don't know but ETH market wouldn't end in this time. Demand still happen, and maybe ETH only follow bitcoin price. I think it is impossible if ETH will stay high when bitcoin down that much.

in my opinion, market is not end or manipulation, but the market is more developed again by emerging market markets that provide different variants for the convenience of its users. this causes the old market to be affected so that the coin price also decreases.

Honestly it's not the end as we had still many investors that believe in this technology. I will just say that we had encountered a series of corrections that makes the crypto prices fall from what they have. Patience as this will bounce back that will give profits to those who believe in this technology.

although bitcoin price drops it doesnt mean that the price of altcoin design to drop also, bitcoin price drops late last year and it continous until the 3rd quarter of this year and the alts price drops recently, we should not connect the bitcoin price to the price of todays price of alts. Other reason behind the drop is that there are many ICO's that ended up to be a scam one.

There are lots of coins in the market that the investors choose to deal with maybe that is also the reason why the other coin especially the btc and eth drops its price.

around $ 200 at the current eth price, this coin has a community that is so big and strong it's time for them to keep prices from falling too deeply, believing in crypto means having to believe in etherum that eth will soon show a positive value

You are mistakenly identifying Eth as stable coins, from the word "stable" you will actually know what those coins would function, it's like any other cryptocurrency when it comes to the volatility of price, bitcoin also drops for about 70% of its actual price from ATH so it is not excused to drop like that given by the fact that the large number of ICO resides to Eth will fail or scam.

Eth has decreased drastically it does not seem to make sense. but that is one way to get ethereum back to a higher position than last year. and it will definitely happen so it's not a manipulation or an end

seem like its price was a little bubble, people jumped a lot so now it is coming to balance , thats all. There is no price support by developers they dont have a finance management like this, some coins have but not ethereum, developers develops they dont even watch the prices like traders, most of them maybe sold their owns coins if they had because of outcomes.
Real reason ethereum is falling is btc, eth investors follows btc as a leader , a lot of newcomers panicsells so every drop causes another drops.

Yes, the market may swing without a valid reason cause crypto currency market are volatility in nature but the market ought to be experiencing some pump in price now and the only thing that could cause the dump in price is manipulation.

Several things we should not ignore and many things we should ignore not only in the crypto market but other money related sources as well. In the past we had Bitcoin in worst conditions but it knows better how to recover its price so it has passed the tough moments and right now I am sure its price can not go down more from 6000 US dollar so you believe or not you can make profit if you buy it and wait for it to sell high.

Take also in consideration that not only the cryptocurrency market is crashing, but in our country, our stock market charts have also been in a bear market for quite some time now. So maybe there is something wrong with the whole financial market/economy as a whole, not to mention, all of the scam platforms that are going around that'll instill fear on new and middle-experienced investors.

There is no stable coin here.. Except USDT if compared with USD,LOL. Even fiat there is no stable one. Everything can be happened in the market

in my opinion this is just a manipulation, we don't even know when prices will be normal because there is always manipulation by interested people and it destroys everything

you will know what the reason is if you understand eth well. indeed ethereum is the top choice for ico, but do you know how many ico are successful or reach hardcap this year? only a few, the rest of the others are failures and scams.

I don't want to think that it is the end for cryptocurrency adn I just keep on hoping that it will be up any time soon. My speculation is this is just a market manipulation by the whales. Cryptocurrency is very profitable so I don't think it will end just like that because it gains a lot of support from people.

It doesn't destroy anything, It is just a normal thing to see manipulations once in a while, it is only rampant here because it is a decentralized market, there is no law or regulation in place against manipulations, and the market is highly speculative.

With respect to the speculative nature of the market, until we start getting to see real life usage before we can get to start seeing real demand and adoption and less of manipulations as no whale will obviously want to get burned.