Ethereum price falls 22% in 1 day

[abs350]

According to coinmarketcap, Ethereum is down 22% in just one day.

What do you think?

[Jistlad]

I think the Ethereum needs some correction in the short term. Its price has risen too fast in the last month.

[Robin,Hood]

Dump follows Pump
Tissue sales will sore as Newbies buy in bulk

[igatcha]

Bitcoin is up. People are just desperate, either panic buying or panic selling. Whales. Ethereum still +300% since a month ago(figuratively speaking).

[Redrose]

I think that it has nothing to do with Ethereum itself. The growth stopped, and the price got stuck a few days. Then Bitcoin's price increased, and people moved their money...

[Snail2]

When BTC rising at first nearly all alts are going down. Later alts are used to follow BTC with a few days or a week latency. Also, after the quick rise last week a correction isn't surprising.

[partysaurus]

and did not bitcoin fall abit when ethereum was going up , guess people moved back their money in bitcoins from ethereum after they got a nice profit

[tokeweed]

Wait for that sideways action.

[qqmore]

Time to buy eth

[Redrose]

Wait for that sideways action.

What do you mean ? That a new price rise to is be waited ? If that's what you meant, I share the same feeling !

[Lutzow]

Time to buy eth

But the price is still falling. We should wait for the price to stabilize before buying in again.

[Redrose]

Time to buy eth

But the price is still falling. We should wait for the price to stabilize before buying in again.

Yes and no. It depends if you want to take risks or not. If you want, just wait, because it could rise again and you could get screwed. However, I'd recommend you to don't buy now, because price is still too high.

[bitcoinlitcoinbtcltc]

What do we think?

You mean: you want reassurement because you bought an OBVIOUS SCAM AND PONZI SCHEME IPO COIN CALLED ETHER and it dumped on you despite what the idiots on Bitcointalk told you?

You won't get reassurement from me. I warned you, and you didn't listen.

Ether is a useless scam coin. ALL IPO coins are a scam. THERE IS NO EXCEPTION.

You think this 22% dump was big? Wait until this shit coin is back to sub $1

[kdelev]

What do we think?

You mean: you want reassurement because you bought an OBVIOUS SCAM AND PONZI SCHEME IPO COIN CALLED ETHER and it dumped on you despite what the idiots on Bitcointalk told you?

You won't get reassurement from me. I warned you, and you didn't listen.

Ether is a useless scam coin. ALL IPO coins are a scam. THERE IS NO EXCEPTION.

You think this 22% dump was big? Wait until this shit coin is back to sub $1

Why is it a scam? And why are all IPO coins a scam?

[toknormal]

A massive price rise like that triggers huge amounts of supply coming onto the market, specially when it's early in the asset's life and big portions of the supply is still concentrated in few hands.

I think this correction will take a few weeks to wash itself through and then stabilise, maybe around 0.004 or 0.005.

[Red-Apple]

that is nothing strange here. just the simple price decline after a pump.

[StinkyLover]

A day is a long time in crypto

[HerrStromberg]

But imagine, just some weeks ago the price was at around 1.2 Dollar. So this is just the counterreaction.
This is not the end of Ethereum. We will see how it will go on.

[Dekker3D]

Yes, we probably just need to wait at which price point will is stabilize.

[Pitchblackroom]

I don't think this will be the biggest price drop in this coin, this was just testing the waters to offload some of their currency. The next one or the one after will be a huge one.