Bitcoin Forum

I just checked coinmarketcap, I noticed that Ethereum hasn't just drop about almost 12% in the space of 24 hours but it has also been replaced by Ripple's XRP on 2nd position on the position.
Do you think the upcoming hard forks of ETH hype is over and people are dumping already ?

https://i.imgur.com/addCApp.png

i have no clue, but ive been holding USDT for the past 4 days hoping to catch a dip,
and i missed out on some profits by doing so..
but guess what?
i brought ETH today around 3pm, thinking it would be a good time to buy..
and a few hours later the market crashed (of course)..
and now its down -11%..
soo i pretty much missed out on ~40% profits this week, and instead i now have -11% on my portfolio due to a last minute mistake..
im so irritated! UGHH >:( >:(

I have no idea why there should be a pump prior the fork in the first place. This fork is an upgrade and there will be no free coins.
The logic of past such forks would be that there should be a surge after the fork. We will see.

it doesn't matter. all that matters is the hype, if the hype becomes big then the pump can become big. this hype wasn't that big so the pump of it wasn't that successful and it is already falling apart.

on top of that i believe there is a good chance that we end up with a couple of ethereum forks because not only they are forking it to PoS but also there was another fork planned by some other team that i read about a couple of days ago!

all of it is a terrible mess and like all hard forks there will surely be a big dump exactly before the fork because people will leave out of fear of hard forks and their risks that can destroy a project.

I'm surprised and find the current market price very interesting people should be buying Eth right now it should be pumping but that is not what happening right now, it was overtaken by Ripple for the second time, I just knew it's going to be a head to head battle for these two coins.

I think this could be another temporary lead for XRP, because I'm expecting a little slide in ETH's price or market capitalisation as it has always been the case prior to any Ethereum hardfork. Since Ethereum has undergone the same trend in the past, I don't consider that there is any abnormality in this sudden change.

This recent crash has nothing to do with ethereum fork.
Ethereum fork may be amazing for the whole ecosystem, as it is going to be a step closer to proof of stake adoption.

The whole market is suffering now, and ethereum was number 2 already for months
 Eth and xrp are going to be competing for the second place for now ..

 ;D Let's be honest. We are all here to make money. And how to make money when the market is dead. I think we all need to make the last deal. And do not worry any more for Bitcoin not for ETH. Of course this is just my opinion. But I do not see for a long time pozitivnyh trends. And that means only one thing. Big problems.

This particular hard fork is absolutely nothing special, basically just lowering the block reward.
But some of the upcoming hard forks are absolutely huge, and there might not be a better time to accumulate.

Really bad that ethereum could not hold the second place, but i think we will see a change with ripple many times this year. In my opinion the fork hype is not over yet, but because bitcoin has fallen, ethereum has also fallen in price.

Yes there is a tough battle going on between these two coins, as ETH has dropped more than $18 today which was never expected in this hard fork. A lot of speculations were only on the pump.

Maybe fork trend could make eth will growing up at higher price, many hard fork so far always give bad effect for bitcoin or other altcoin price last hard fork is bch where make all of altcoin have lower and bitcoin too.

Some shocking trends in crypto sphere is someone manipulating the market? why crypto is experiencing such a big downfall???? there were talks about tomorrow's hard fork of ETH. now the market is going down again and XRP over took for the second time.

No, it's just a natural result of a very good mini pump.
If a coin pumps very well, like 7% or more over a prolonged period of time (a week or more is considered prolonged period of time).
Then, naturally, when there is a price correction, it drops rather hard.
It is simple economics of supply and demand and all markets experience this.
It is much more pronounced in crypto though because the market is so volatile.

As far as xrp being at #2 again, it won't last long.
Their market caps are very similar nad as the market stabalizes and grows again, eth will overtake.
Also, in the long term, ripple doesn't stand a chance against eth.

I'm surprised how everybody is just talking about the drop and not 51% of the chain under attack. The coin is about to be forked and there would be consequences. Having said that, this doesn't mean XRP is better than Ethereum at any given day. Stop freaking out. HODL for the fork!

I think it is an overall market crash and not only limited to eth as every major coin is dumping but i think this is due to market manipulation or fud over etc hack news and i think it will settle down soon and market will recover.

I think eth should be left the way it is and it will surely pump once bitcoin does the pump also if not I see nothing that can be done to eth to increase the price at the moment. Enough people are holding it which means u can control them you just have to leave it

I didn't think from beginning that it must be a pump before hardfork. But if it will be before 16 January. I'm ready to open short-positions on ETH. THe market isn't still ready for a new bullrun.

Ethereum grew because of the hype around its renewal, but also a large share in its growth was just a normal market correction. I think that in the near future Ethereum will be able to fall a little lower and then go up again, but it can change. I expected that before the Ethereum would go down to 120 dollars, it would hook the border of 180 dollars.

It's not over. The hype is there but there's just a whale that cashed out.
You'll see mass pump before the said fork.
Right now, it's a good time to start buying and preparing for the fork.

This scenario is quite similar to previous hard-forks. First, pumping the price and then dumping strongly but this time it happens quite soon

the effect of this hardfork I think not too look gives the increase. the vision of the hardfork itself is actually pretty good and just wait for only the time it arrived. regarding the price downtime may be difficult to be perceived and even makes ripple back up. I hope this is just a drop in the ordinary course as before and will soon jump high again.

Did you know what's the definition of forks? It's not over yet but the fact that both of new ethereum tokens that claimed to be the fork from ethereum already revealed as scam forks. You should not put it in your mind. I guess that not yet ended and this will be forever until it will be perfect.

I think it's just a game in the market. People are very panicked and decided to sell the coin at a higher price to get a short-term profit. I think that's a good thing. Since some people will leave the cryptocurrency and we will have more profit.

I somehow agree with what you said because there are alot of impatience which usually choose the buy and quick dump way form of trading while some people believe that the whales are behind the down slide of the market. However, the ETH hard fork hype is not yet over.

Ethereum fork updates seem to be out of scam. Their purpose is to defraud investors by making use of the update in Ethereum. So don't invest in ethereum forks.

Its looks scary do you believe it will bounce back again and pump harder? I agree the hype is not yet over but such a massive drop is really sad to see, still the hopes are alive and I believe it will recover very soon.

The market is so volatile and with how the whales played with emotional traders, it seems that is just another run from them, the hype still active maybe whales doesn't like to see a big growth as they can't possibly control the momentum, so they just doing some shake and wait for weak investors to give up and quit so they can buy those cheap coins around.

The constantinople hardfork will take place on January 16 and this type of price dump in the market is very usual since the whales also wanted to buy ethereum at a sale price before the hardfork. What happening right now is very usual everytime that there will be a scheduled hardfork. This maybe unlike BCH where it went up a price before the hardfork so I could say that market manipulation is on the line.

The seemingly introduction and announcement of the proposed hardfork has brought about an increase in the marketcap as well as the price of ethereum. This development has made some holders to be in profit and by virtue of that some people are now taking their profits, seeing that ETH increased against BTC.

This hardfork doesn't make a new coin, so I guess it will not make the price decrease and even I think because this fork is basically an upgrade to some features, it should give good affect to the price of Ethereum. So, this dump I think, is because of the crypto market in general is also dumping, not because of the fork.

The fork will be able to make the Ethereum is so popular and many people attracted to meet the fork. But, this time, some forks of Ethereum are exactly scams. They are smart in choosing what kind of condition of the panic people about finding the ethereum fork. Because they believe this fork will really make the trend better.

Yes, Ethereum again dropped to the 3rd place and I am not surprised by this, as the crypto-currency market proves once again that it is unpredictable. I hope the nearest Ethereum hard forks will improve the technology / network and thereby increase the popularity and demand for ETH, which will lead to increased prices and capitalization.

The ETH fork which is going to happen on 14th of Jan 2019 is the official one and it is supported by almost all exchanges and it is to improve the ETH blockchain, other forks are just scamming the users. The one which was to schedule on 11th Jan 2018, their is no result of it. Hope that the price will improve after the 14th Jan fork finishes

the price of ETH down can be due to 2 Hardfork Scams, namely Nowa and ETCV, and only one is original Constantinople, but it can't make ETH prices go up because of the Constantinople hardfork we don't necessarily get free coins, because according to the info I hear Hardfork Constantinople is just an upgrade

well, yeah. it is an upgrade to the whole blockchain around the world to reduce the miner fees and etc. we can expect more pumps coming up until 16 January.

All spoke about how that before a fork is expected a sharp downturn Ethereum. It's probably already started. Let's see how things will develop further. But I plan to buy more Ethereum.

Some scammers have already start to take advantage of the fork and bring out their own scam fork of Ethereum like ETCV. What I know is that after this fork, Ethereum platform will be better which will make more investors to have interest in it.

That sharp decline was most probably coming from Bitcoin market, not Ethereum. Moreover, majority of people now know that Constantinople will not create a new coin so hoarding ETH is pointless this time.

This is a proof that the market is unpredictable as we have expected to rise the price of ethereum before the hard fork and now the price go on reverse with the expectation of the investors. Although it's too early to make a conclusion about this hype of the recent fork and I'm hoping that more positive news will come to increase the market demand. The battle of the second top position will continue with the rivalry of Ethereum and Ripple.

Yes, I believe that as I'm an eth believer.
The hype isn't over but the market will not increase through that.
The market of Ethereum is stronger than before, take note of that.

The market always has a way of screwing us.  :'(
I've been in the same scenario several times over. A few right trades and more wrong trades.  :'( :'( :'(

Let's see how the fork trend works for Ethereum.

Ethereum prices are currently rising and falling rapidly, because maybe the Bitcoin price factor tends to be unstable at the moment in the market, so it is difficult to predict Ethereum price movements when a Fork occurs, but I prefer to monitor until that day happens.

Yesterday ethereum pumped quick for 12% but it's starting to look red again.

No one can predict on how long and how quick these increase and decrease scenario for the market.

I think it's a normal thing to take the ranking between Ripple and Etherher, so I don't need to worry too much. Etherum has not yet finished hardfork Eth is still possible and the current price is the impact of the market conditions are giddy with information circulating

I think the effect of the fork has not commenced yet and if people actually are dumping
There would still be a valuable cap for etherum

Let’s wait until the activities of the fork commenced
And we can see the changes both in etherum scalability and price

The price has already recovered again. The fork trend will end in the future if there will be no any problem with the cryptocurrency.
Market has nothing to do with the hype of ethereum forks, you should remember not all forks are creating the new coins.

The upcoming Constantinople hard fork includes five different Ethereum Improvement Proposals (EIPs) to smooth the transition from PoW to PoS. Once released, they would fundamentally change the Ethereum blockchain via a host of new upgrades, which prevent any backwards compatibility, meaning that nodes must either update synchronically with the entire system or carry on running as a separate blockchain entity.

At the moment, a fork of Ethereum was canceled , and I think that the price is now nothing will change , I think it's better to be out the coins and watch her

The fork has been postponed for a while and yes it is possible that people are already dumping, already before the event starts.
The famous: " Buy  the rumor and sell  the news " is happenning.

I am not sure if ethereum fork will help the price to increase because I watched the market from this January, it seems the ethereum price cannot reach higher price because after getting the higher price, it will get down hard again. But I still have hope for ethereum to increase higher although it's difficult to know the time. At least, we still have the next months, and our journey with ethereum will be a long road.

Everyone is hoping for a fork of the ether, and what he can really give in a bear market is a short rise and then a new correction. People understand this and are gradually dropping, that buy at a lower price.

No one can vividly tell what is going on at the background. I am just having this feeling that the team might just want yo use this as an opportunity to make some profits.
With the postponed hardfork, if ethereum dumps again, the team and possibly other whales will buy back and wait for another announcement
I am just waiting to see what will happen again, with another announcement on when it will start.

It's because the people are not trusting altcoin in the internet anymore, that's why they gonna selling it away.

in my opinion, this downfall was due to the delay of news about updates. It's one more confirmation that we need to get the information quickly to trade successfully. Otherwise, you have to guess

No chance to overcome Ethereum hard fork to Ethereum. Now already Ethereum hard fork becomes delayed because today I don't find it website and their whitepaper. It turns to be scam.

I agree, it is unlikely that there will be growth in Ethereum in the near future , I think it is better to be out of the market, I think we are waiting for a fall now

I think there are more potential more upside rather than downside. Eth is better than combine of both EOS and NEO due to adoption of projects imo. Price is secondary factor after usability by society.

During the year Ethereum fell by more than 90% and this does not mean his death. Let's see what will happen next. But I am sure that Ethereum will increase in price, and therefore do not sell it.