Bitcoin Forum

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

Base on recent speculations the bottom for Bitcoin is far from what we have now, so, let be ready for the worst bottom before the rise which is certain. The only thing that will likely happen to tokens if ETH drops 35% more will be a total bloody in altcoin market in general, many campaigns will be pause for the main time before they proceed.

$1,800-$3,000 is broadly where I see support on the chart. $3,000 is especially interesting because we have multiple pivots there (from June and September 2017) and we also have the 200-week MA hovering slightly above. $3K may not be the ultimate bottom but I'd be surprised if bulls didn't try to defend that area.

Regarding ETH and tokens, I'd expect more of the same. Total massacres across the board if ETH takes another hit like that.

We have seen this trend in the four weeks or so, You don't need to be surprised by this erratic jump, this is the Bitcoin we all have known since the beginning, very volatile price movement.


Personally, I still think that Bitcoin can still go down in the next couple of weeks or so. But this will be the last bottom and perhaps after that we might see a slowly climb that might lead to a bull run early next year.


It's either project will paused their campaign, or extend it to cover the big drop. Other's might not give the bounty on time as well. Everyone needs to make money so ICO are very careful distributing their tokens because they know that a massive sell-off will occur after the distribution.

3% is normal daily variance. It shouldn't be given any significant attention.

I don't know the exact bottom, no one does. I think it will be in the mid-high 2000s.

If ETH drops 35% more than it will most probably be because the whole market is still in decline so all other tokens will drop a similar amount.

As long as those coins will have volume in dollars I think eveything will be fine and would continue more to go down for awhile, but I know that thing will recover soon.

I haven't really checked the altcoins prices recently to be honest but regarding bitcoin I have to say that there has been no "drops" anymore for days. what we have are normal ups and downs that the market always has. you should ignore all of them unless they are at some critical price level for example at a support or resistance line. which it clearly is not.


nothing! they continue dying whether ETH drops 1% or 35% or 100% or even if it rises. something that is useless like the tokens can not exist.

This is the trading volume you're talking about, which isn't really that interesting at this point with how there isn't much happening right now. I expect the volumes to surge significantly when Bitcoin tests the $3200 mark again.

It really seems that everyone is just dollar cost averaging into the market where no one is willing to pull the trigger and go big at any level yet, which is understandable but it doesn't help making support levels stronger at all.

Last year no one here could have guessed the peak and currently no one possibly knows where it will bottom. I do however remember that around December of last year people expected $50,000 and currently expect way a lower bottom.

Markets don't peak or bottom where you want and think they will.

If ethereum falles 35% or 100% more there are still some people who buy it because they trust in Ethereum future , so As long as there are demands for the Ethereum market , It won't die , And I don't think ethereum whales would like to see its death because they are whales!

We are in a bear market, so everyone is affected including Ethereum. I'm sure Ethereum whales are very happy buying tons of it because the price is very cheap and if ever if the price goes down to $50-$25 casual investors will see that as a perfect time to buy and became a bagholder themselves. Definitely there will be demands, remember that every token project is based on Ethereum's ERC-20 technology, so definitely there's no shortage of demand, its that buyers are being outnumbered by sellers.

If drop again it will scam ( maybe ), there's risk we should take. We don't have control with market and that's why every day is new challenge to become more rich but I don't see it right now. All coins red and drop in high value and cut loss become familiar to us, not to scare you but this is reality. Sell all your coins and come back again next year, it will safe your asset and time, trust me.

Meh, price of Bitcoin doesn't matter to me. I trade in and out of alt coins with a set strategy to earn 1% to 3% per day, compounding daily.

That way USD value goes up regardless of Bitcoin's price. Plus, when the next bull run hits, I'll have way more BTC to enjoy it with!

Strategy details are in my profile. :)

This is happening every day in this market and we have no way of stopping this because we are not whales and people are feeling depressed about the current situation. I think the discount will last until the end of this year and in 2019 everything will return to the uptrend

you're right, even this happens every day. well, in the CMC application it has shown that bitcoin has dropped 12% in 1 week, so is ETH. well, this is a bad decline, and there are no signs for prices to rise again.

A 3% change in crypto world is nothing to be noticed at all, that type of changes happens all the time and never really come to anything to begin with. There are 10%+ changes that do not get the attention they would in any other investment. Crypto is more about major changes, unless something major happens none of this really matters. Bitcoin dropped like 70%+ in the past year and almost 50% in the past month so it is not really that important.

I think bitcoin is catching upto the losses other crypto had in the sense that when it was 6.5 thousand it wasn't really that low compared to some others which lost 80%+ so it is dropping to reach those levels but unfortunately when that falls the other crypto currencies fall as well making it impossible to catch for bitcoin.

Forgotten something? Let me remind you that BTC is still 600 times higher than what it used to be, $5 once, remember? I believe BTC is already down more than 1/10th its ATH, so falling 3-5% during a day's session shouldn't bother as this is how those big boys are making money - by shorting it.


There are few reasons I believe this happened:
- Ethereum went with the flow as the whole crypto space is experiencing a hard plunge.
- Ethereum had its own flaws for which it's seeing such a drop as it was about to happen and this seemed to be the best time to those market players to pull it back down harder.


I don't think so, however 3200 (and if broken down hard), 2900 are most crucial levels under the radar and I believe Bitcoin should never touch 2900 and show some signs of bullishness by breaking 3650 resistance with a strong approach.


They'll all get vanished with their projects as most will shut down due to lack of funds due to price slump.

Would drop gradually as well. If ETH would drop 35% then tokens using it's network would also lose a mere 35% of it's value because all of them are traded against ETH, whether it is on DEX or Centralized exchanges, bitcoin is a different case, bitcoin sets the tempo for the whole market so it would remain above ETH in that example.

That will cause a lot of upheaval that never happened in the crypto market. The sale will take place quickly. Organizational arrangements will be replaced by others. Our market will be pumping back and many garbage altcoins will have to die because of the strong adjustment again.

I don't expect for such a low price, but i think the price will grow next year, so the best bet we can do is to get more coins and why not hold as much as we can, or doing trade.  Right now i have a nice amount of altcoins and i will hold and also try to get more bitcoin.

The problem with ETH is that a lot of the demand is cyclical. Most of it comes from ICOs rather than transaction fees, dapps etc. These ICOs raise huge amounts of ETH but then at some point they need to sell it. When the ETH price looks precarious you'll see them all start dumping so they can fund development and it leads to a downward spiral. The same is true for BTC but not quite to the same extent.

today both bitcoin and ETH drop 5%, I imagine that many people should be panic and already must have begun to sell with losses


I've seen many people trying to guess the answer to this question and no one knows the answer to that question.


are already dying, just see the price they had in December last year and the price they have now and the fact that there is no good news that shows that in the future will recover

Garbage alts are disappearing at a rapid pace. I'm actually enjoying this part of the show.
My leveraged LTC shorts are keeping me profitable in this horrible market.

If the ethereum drops the value for sure tokens too. Because we know most of the tokens are base on the ethereum price. So if ethereum value up the tokens will increase again the price too and if we want to up tokens value we need to up first ethereum.

if bitcoin and ethereum drops, almost all tokens will be forcibly knocked down and this will give the market a red color. the decline in crypto prices continues to occur and currently has a price of $ 3200 and it will take quite a long time to recover prices to reach the next best price

The price of ETH will continue to dwindle with the poor performance of ICOs at the moment and with ICO project teams dumping insane amounts of ETH on the exchange, not forgetting the scam projects as well. If ETH is going to experience any price gains, I think at this point it's only going to be drive by Bitcoin and the road to recovery will be long and rough

Bitcoin and Ethereum seems have big drop this year 2018. Both of them are now fully drop and the price of bitcoin might drop to $2500 and ethereum might drop to $50 and it is really bad. The dropping is still happening right now I hope it will stop now.

Let the price decrease come in more so that we can see how far this bottom will go. It's good to see the real bottom rather to live on hype. Yes we all want to have a price increase soon but don't want to see again the 2017 hype although lots of us no doubt take advantage of it.

For those people who want to accumulate more, they are torn between a) buying at the current price rate or b) will wait for more price dips.

That's the decision we/they need to evaluate properly based on our own analysis.

If it dropped to that low then perhaps there will be a bull run. Whales would see that as a perfect time to hoard coins and the price may quickly drive upwards. But i don't think it's going to go there. Too low.

this drop dropped dramatically compared to the previous year, but we can see if in the future bitcoin and ethereum will run bulls to a high position. this is one moment to buy

Most probably you are right. The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition. ETH like most alt-coins now is just dependent on bitcoin for a recovery. Once BTC starts to trend upwards people will also regain confidence in alts.

Poor performance of icos is cause of lack of the investors, people in crypto hold to many well known coins. Many icos will fail over time, just handful of them will survive and become more popular, lets be real world is still struggling to accept bitcoin, litecoin, monero, and other top coins, so many icos doesnt help in that, but some of them will survive. In long term both ethereum and bitcoin will rise in price, this is just a drop that was pretty much expected, it happened before and now its time for everyone to show faith and stay or to sell and leave.

Well its hurt to see the market like this but we cant do anything even we buy more market still bloody and dropping. I think if this will continue many altcoin will suffering because some of project is relying on ethereum. How sad but still hoping that all things will be alright again.

Not sure how much demand there is left for Ethereum with how authorities are cracking down on ICO's, and also, there are many more alternatives to choose from nowadays, and they are ready to adopt way more users and growth right now. It will take a looong time for Ethereum to be on par with other utility platforms based on the dev's trackrecord for delaying upgrades.

People don't regain their confidence in altcoins, they just know that altcoins go up faster and well more than Bitcoin in terms of cold hard percentages.

Well the large issue is in what you said. So few of these coins that are on the erc20 platform actually have any use case, so ETH just pumps when ICOs are doing well but then there's no continued demand for them and thus for ETH.


That I don't disagree on, yet ETH still remains the no 1 choice for ICOs. I think it's largely just about brand/reputation, people know they can rely on ETH and it's the one that's always mentioned.


There has to be some confidence for that to happen, I'm sure a lot of people buy just because they know the price will increase more than others, but that has to be piggybacking off people who do really feel like there's potential for those coins beyond a price increase.

I think if it would be very difficult for the market to recover because too much panic in the market it also caused many investors to delay themselves because seeing the market situation continued to decline, crypto really needed a lot of fresh money to enter.

the decrease in btc and eth caused the price to drop dramatically again, but be patient if it could be one moment to continue to be used as one of the best ways to buy and hold until the price of the pump

Dumping price of the bitcoin and ethereum is normal nowadays. For sure price of the tokens will be down once ethereum dump more. That is I think base of what I see because they are base to ethereum price. But they have big part also bitcoin because ethereum they are base also to the bitcoin.

All existing coins depend heavily on what happens to Bitcoin. The price of Etherum is also greatly influenced by the price movements of Bitcoin and that cannot be avoided. The influence of Bitcoin is very large in the crypto world, for all of us who hope that there will be a price increase on Etherum then we must also support the growth of the use of Bitcoin. Bitcoin is the beginning of the crypto world, let's use Bitcoin and the price of Etherum will increase automatically.

It seems that everytime that the yearly low is broken, it falls less and less and usually is followed by a huge bounce.

I am thinking that with all the bullish divergences and oversold condition we might have a temporarily bottom for now. It doesn't look like there is too many sellers at these areas.

Last night someone on Bitmex was doing massive shorting trying to break the daily low and when it broke there was no follow-thru and tried to break the following low a few times and failed followed by a rally. This is looking like seller exhaustion and I took a small low leveraged long here.

As far as the tokens are concerned, the owners of it should have an independent market and not just relying with bitcoin or ethereum price.

Well, I did see ERC20 tokens which aint moving much and not being dragged by the fall. I guess it is also a good thing.

Here we are to another drop. No one can tell what the bottom really is. We will just have to go with the flow of the unstable market. Which is good for traders though.

When the ETH drops by 35%, our market will lose more than $ 5 billion and the weaker altcoins will die out. I believe our market will filter a lot of garbage altcoins if the price of ETH drops by 35%.

I think it will kill the weak alts, many alts use the ERC20 platform as first option, and use BTC as second option pair, i hope the alts will survive with their company program.
If you ask about the bottom near or far, i would like to answer maybe it will be the bottom, just remember the BTC cycle that happened twice in last eight year.

Most of the altcoins these days are in shaky situation and it will be hard for them to stand still until both bitcoin and ethereum reach it's bottom. The best thing to do during thisntime is not to panoc but rather have more patience and cotinue buying while the prices are dropping down.

I don't agree that coins prices will just increase indefinitely if BTC's price is doing so because it is being adopted. They'll still have to have something to offer. Right now ETH has that but if it is replaced by another coin as the leader for smart contracts, dapps and ICOs then its price is unlikely to ever recover.

The price of most cryptocurrencies have been dropping on a daily basis, if this trend continuous then the day is not far away when the price of Bitcoin and Ethereum would get what it was in two years ago.

Might think for any investment diversion if these continue to fall but if not, then I will be in crypto once more.
A lot of people still in a way of spreading crypto(including me) and we could continue this thing as we positively think for other great things happen in the future. The crisis is already a part of crypto journey, we should never give a big deal on these.

cryptocurrency market in hard condition at this moment, every day market capitalization decrease alot.and now only left around 100billions.and it very bad for all crypto price.

Quite near the oversold level and consolidating. Forming support in the current level or some down further. Needs to find a good support level then to have a good rally. The time is near.

Yes, Bitcoin was down 5.5% today. The current price now is $3.2k. I still think it will go down, cause a lot of people has been saying lately that the price will go down to $2500 and that will be the bottom price before the price starts to go up. January is when we will likely see the bottom price, after that will be the bull run.

All altcoin already dropped to more than 90% from ATH include Ethereum. This is the long and biggest bearish market in crypto market, from this high volatility we should be have idea how to avoid big loss from wrong prediction. We should make sure we have risk management and target profit whenever we want to put money in to crypto.

No, this is not the biggest bearish trend we have seen in this market. You have to go back to the Mt. Gox heist (2011) and see how far the price goes down. I'm sure you call it the biggest because some of you joined when the market peaked at 2017 and never seen the price going like this before.

But as I always said, crypto price works in cycle, we should consider this bearish trend as a experienced for everyone so that we will know how to react to it in the future.

Bitcoin dropped about 85% from ATH and Ethereum  about 94% , the same like ETH others  altcoin also dropped between 94% to 99%, this is really sad. I think many people  have questions,  if possible  the price will reach to the highest price? Because the total market cap of crypto still low, in the long term all that crypto has potential to go to highest price again.

These falls are normal, because the market has a structure, and because of that structure has been fulfilled, I can only say that we are in a phase of accumulation, in this phase it is advisable to gather the bitcoin or altcoins you can, and wait for the time that it is necessary until the bitcoin starts to rise, because when it starts its bullish phase, the bulls in the bitcoin and altcoins will be impressive.

Sadly people come here at 2017 even don't know how to calculate the bitcoin so they will be saying this is the biggest drop due to the value of USD.Crypto currency price cycle may repeat again so if that happens the current prices are so good to buy because you will be making 10 times or even more from what you were investing.

This is not the first time happened for Bitcoin and Ethereum, I think this is normal because they are both volatile.
Since the market was unpredictable everything may happens whether increase or decreasing for both coins. But if ETH drops 35% I think
it is a time for us to buy em then hold in a long term together with Bitcoin.

That is so true because in 2017 there are a lot of newbies who did really good and make a lot of money, like joining bounties alone and didn't look at the past history of Bitcoin or even Ethereum. That's why they complain when they see a drop of 5%-10% per day. But we all know that price fluctuations is just normal in this market. Just look at the last 24 hours, Bitcoin goes below 5 figures again. Bitcoin at least works in cycle because afterall we have this event called block halvening. So we can't really deny and perhaps something big will happen in 2021. So if you're smart investor, what are you going to do prior to that and makes 10 times or even more? Accumulate and buy cheap Bitcoin today.

I think whales are very good at controlling this market, because until now the market has been on a downward trend for the past few days and this is also the best opportunity for people to buy a lot of cheap coins. In my opinion the bear market will last for at least another 2 years so be prepared to wait at a cheaper price because I believe that by the end of this year ETH will probably return to $80 before There was a new price increase in next few years

Price fluctuations and volatility are what characterized digital currency at the moment and I hope this will be adjusted by itself when this new era of payment is globally adopted.   

I guess majority of the irrational buyers in 2017 is newbies that's why they don't know how to calculate or even mitigate the risk involved at that time. They just join that year because of the hype in bitcoin and altcoin, I mean that is the time wherein the market went to the moon as majority have said.

However, those days are gone and although we all do hope that it will happen again this year, sadly altcoin is still bleeding and bitcoin is still far from its $20k price (almost). But this market doesn't rest, what I mean that it works in cycle, boom/bust, down/up, bubble/burst. Soon we will need another massive bull run here.

I don't think so because I already have seen that before. When I joined in the cryptocurrency in 2013-2015, the market is on the bearish trend. The bitcoin price in that time is at somewhere about $200-$300, and that was a great time for me because I can start to collect any coins at the market from the faucet. I think this condition is almost what I see in that year because all of the coins in the cryptocurrency has down deeper than I can expect. I am sure that this will be ended and we will see a time for the cryptocurrency to be like in 2017.

During the past 4-5 months, Ethereum has been on a constant retreat against Bitcoin. Many of the important support levels were breached recently. First it was the 0.03 BTC level, followed by 0.025. Once these were breached, 0.02 didn't took much time. At 0.018, it looked like the prices were stabilizing, but that level was breached as well. Now the next target for traders is BTC0.015 per coin.

If they are both dropped their price in the market it means lets avail the chance to buy em while their price was on stage of cheap value.
For me this is a good opportunity and this is normal too before the bull run will come to both coins in the market.

I think that this rhetoric is already outdated, because every time there is talk of falling cryptocurrency prices, many users speak out in support of the opportunities that will give low prices for investments in cryptocurrencies.  If you follow your desires, then it would be generally nice to return Bitcoin prices at the 2009 level.  What do you think, how will all this affect the entire cryptocurrency market and people's attitude to cryptocurrencies if we see such a deep bottom?

I do not want to think about it, but I have to do it. Suppose, these cryptocurrencies can fall even more, as the bulls and the bears are struggling now. If the bulls lose in the current struggle for dominance, then in the coming weeks, Bitcoin runs the risk of depreciating to support levels on the weekly chart, located around 7800 dollars, and Ethereum might also lose at least 15%.
However, close to 2020, they will grow fast.

Altcoins is still good Ethereum already drop more than 50%, remember on its all-time high it was traded at over $1000 but now as I'm writing this, they are at $173 just last month they bridge the $200 mark.

Bitcoin and Ethereum drop like 3% has nothing to be concerned about, they are still ok even at 10% drop which happens from time to time, it's highly volatile market and very exciting times, you must always expect the unexpected, most important is you do not put everything here, and you still have a job and business to rely on.

I hope you don’t miss that the thread you are quoting is from December 2018 when the huge crashes from the value happened and people are in panicking to what will happen in 2019

On the other side yeah you are right that falling prices specially these two Top ranked currencies can bring us profit if we take advantage and buying from dumping but we also see that market got recovered just this second quarter meaning another months of holding from December last year

That will be Bitcoin's season. The alts are really underestimated and the prices of the good alts are very cheap. This is also a good time to buy and hold it until the Bitcoin trending is over.
Then the alts will increase very strong and the cycle will return to normal.
I believe that the season of alts will come soon, we need more patience.

Altcoin season will be over before bitcoin season can ever be over, the only thing that would just happen is that we will have a time that bitcoin will slow down in its dominance for a long time and you could almost confuse it for a stable coin, and when bitcoin remains stabilized, most altcoins will tend to start increasing in value and probably have their own bull run, which is when many investors starts pumping money.

For now, most stable coin will continue to drop including the Ethereum that is their leader till bitcoin dominance remain stagnant a little. While bitcoin remains dominant, any decrease we see is just the normal corrections that usually accompany the coin before it goes on breaking more barrier that will keep adjusting and shifting us to its peak price.