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Author Topic: Ethereum due for a price correction  (Read 2667 times)
WilliamStanton
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May 29, 2017, 02:43:41 PM
 #1

ETH might experience a price fall, and its likely to go below $140, Is this a bad or good thing?
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May 29, 2017, 06:45:50 PM
 #2

It might be possible, but it will not hurt the long term value of this project.

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May 29, 2017, 07:14:53 PM
 #3

what a resilient pump  Tongue
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May 29, 2017, 08:12:39 PM
 #4

I bought ETH just few weeks ago around $18 and sold it over $100 and now waiting for price get down to buy more. I hope so it will be down but I don't have any kind of information about this.
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May 29, 2017, 08:24:16 PM
 #5

it should go down from here (183) , my target is 170-150 at least, but its risky trade. who knows who is behind this pump  Roll Eyes
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May 29, 2017, 08:26:19 PM
 #6

I wasn't able to buy ETHEREUM and upon seeing it's pump, I was like woah! ETHEREUM! But it's a usual way of price pump, after the dumping incident of almost popular alt coins. It's now a start to pump but also be careful for the possible dump that will happen. Almost all coins got a correction and now it's ready to pump.

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May 29, 2017, 11:20:42 PM
 #7

It's not really a pump, it's news. Vitalik wasn't at consensus because he was busy in china. And it's very likely that ALL chinese BIG exchanges will add ether trading.

https://www.cryptocoinsnews.com/china-waking-ethereum

Quote  Large conglomerates have started to build applications on top of the Ethereum protocol and universities have been researching into Ethereum’s potential within the finance market.

Even government-owned companies including the Royal Chinese Mint, the subordinate unit of China Banknote Printing and Minting, have started to utilize Ethereum to digitize the RMB. Keys explained that the Royal Chinese Mint is currently utilizing the ERC 20 token standard and Ethereum smart contracts to digitize the RMB.

More to that, CryptoCoinsNews also reported that Ant Financial, the subsidiary company of e-commerce giant Alibaba, is also utilizing the Ethereum protocol to develop various applications and platforms. Ant Financial is the company behind the $60 billion financial network Alipay, which is used by 450 million users in China.
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May 30, 2017, 05:17:42 AM
 #8

hmm, large conglomerates, government owned companies, .. not my coin  Grin
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May 30, 2017, 05:37:34 AM
 #9

I don't think ETH will go down recently. There's a huge demand of ETH to be used in ICO, many people have to buy ETH no matter they like it or not.

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May 30, 2017, 06:40:56 AM
 #10

ETH pumps not dumps  Shocked

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May 30, 2017, 06:50:52 AM
 #11

The dip has already happened... how can people not see that?

ETH has been added to Chinese exchanges. Trading of ETH in China will begin on the 31st, this is going to be absolutely massive for ETH. Expect a bull run for the next week or so.

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jmigdlc99
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May 30, 2017, 07:56:48 AM
 #12

Pretty impressed with ETH from .0650 to .0950 without much dips.

I do wonder how low it will go when correction time comes.

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May 30, 2017, 08:27:05 AM
 #13

About time. I see no reason other than more mainstream people knowing Bitcoin, that Etherium shouldn't surpass Bitcoin. It is better and has more functions than Bitcoin. Based on that, i think the price will continue to grow and market cap overcome Bitcoins.

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May 30, 2017, 08:50:51 AM
 #14

Well surprisingly the price increased to $210 exactly a weak ago and then it starting going down upto to 120 but stayed in the range of 150-170.

AGAIN ! NOW! It's for $216.  I really can't understand. Is there that real huge demand? Or are whales pumping for the second time?


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May 30, 2017, 09:33:27 AM
 #15

Well surprisingly the price increased to $210 exactly a weak ago and then it starting going down upto to 120 but stayed in the range of 150-170.

AGAIN ! NOW! It's for $216.  I really can't understand. Is there that real huge demand? Or are whales pumping for the second time?
ETH is just... ETH. There is so much potential for it, it will keep rising for a while. Also, as I said in my post above: ETH has been added to Chinese exchanges. Trading of ETH in China will begin on the 31st, this is going to be absolutely massive for ETH. Expect a bull run for the next week or so.

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denam
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May 30, 2017, 09:45:54 AM
 #16

Ethereum has gone all the way high in small periods of increases. It has seen all the necessary correction which is inevitable part of any market. in my opinion which may be wrong, Ethereum will not show any major decline in its value. It is on the track and going good speculation for the last 24 hours performance is amazing.



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dihari
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May 30, 2017, 10:01:06 AM
 #17

It might be possible, but it will not hurt the long term value of this project.

Exactly. I will never sell eth even if correction price possible to touch 0.04 back, because I can deal with long term investment in this coin. The use of smart contract technology by many projects these day is a proof that the value of this project will make the earlier investors sleep tight.

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May 30, 2017, 10:06:45 AM
 #18

In markets, you very rarely get the chance to sell the top twice. This means we're not at the top.
We'll go higher sometime  in the future.

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meliodas
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May 30, 2017, 10:21:05 AM
 #19

I don't think ETH will go down recently. There's a huge demand of ETH to be used in ICO, many people have to buy ETH no matter they like it or not.

And a lot of wallets also decided to add Eth:

It's not really a pump, it's news. Vitalik wasn't at consensus because he was busy in china. And it's very likely that ALL chinese BIG exchanges will add ether trading.

https://www.cryptocoinsnews.com/china-waking-ethereum

Quote  Large conglomerates have started to build applications on top of the Ethereum protocol and universities have been researching into Ethereum’s potential within the finance market.

Even government-owned companies including the Royal Chinese Mint, the subordinate unit of China Banknote Printing and Minting, have started to utilize Ethereum to digitize the RMB. Keys explained that the Royal Chinese Mint is currently utilizing the ERC 20 token standard and Ethereum smart contracts to digitize the RMB.

More to that, CryptoCoinsNews also reported that Ant Financial, the subsidiary company of e-commerce giant Alibaba, is also utilizing the Ethereum protocol to develop various applications and platforms. Ant Financial is the company behind the $60 billion financial network Alipay, which is used by 450 million users in China.


Not just wallet and ICOs who are using Eth greatly but also some micropayments like faucets who give an option to either send it to your bitcoin or ethereum wallet.

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May 30, 2017, 10:30:05 AM
 #20

I agree ETH is approaching the marketcap of bitcoin but still has only a fraction of the real world use that bitcoin has. That can change in the future but for now its way overpriced relative to what its used for and the number of transactions it processes.
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