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Author Topic: Ethereum due for a price correction  (Read 2671 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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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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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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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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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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May 30, 2017, 10:45:50 AM
 #21

I was hoping that ETH drop its value again, I was waiting patiently to buy, down to the point that its value only reach 140 or 130$ again, I will definitely keep this one for a very long time  Cool



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May 30, 2017, 02:15:39 PM
 #22

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.

They already process around 150k transactions a day that is half of bitcoins. The median fee is 10 cents or so compared to around $1-2 in Bitcoin and it takes seconds to confirm.
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May 30, 2017, 02:27:18 PM
 #23

It might not fell to 140dollar based on it fell last week. One can easily state how things stand with ETH now by analysing what happened last week. My projection after bitcoin loses over $800 was that Ethereum is going to pull back to $100 but that do not happen. If it will fell back for now it might not go beyond $180.

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May 30, 2017, 02:29:05 PM
 #24

I would really like to see a huge correction in the price of eth because that is how a healthy market performs, its nothing too bad as how many people think of it.


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May 30, 2017, 04:50:34 PM
 #25

I was hoping that ETH drop its value again, I was waiting patiently to buy, down to the point that its value only reach 140 or 130$ again, I will definitely keep this one for a very long time  Cool
DO not try to buy ethereum. BUy ethereum classic. both of them are 100% the same and soon people will realize the truth and start buying ethereum classic

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May 30, 2017, 09:25:15 PM
 #26

I was hoping that ETH drop its value again, I was waiting patiently to buy, down to the point that its value only reach 140 or 130$ again, I will definitely keep this one for a very long time  Cool
DO not try to buy ethereum. BUy ethereum classic. both of them are 100% the same and soon people will realize the truth and start buying ethereum classic

But why favour ethreum classic instead of ethreum is there any good reason why?


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May 30, 2017, 11:22:39 PM
 #27

Guess people are stacking up to get into the BAT Token ICO.

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May 31, 2017, 02:30:54 AM
 #28

I believe ETH will be available on a few chinese exchanges May 31. That is probably going to pump the price some more. To be honest I never imagined Ethereum would ever be over 100. Also feel like a lot of people that missed out on bitcoin are going all in ethereum.

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May 31, 2017, 03:11:37 AM
 #29

I believe ETH will be available on a few chinese exchanges May 31. That is probably going to pump the price some more. To be honest I never imagined Ethereum would ever be over 100. Also feel like a lot of people that missed out on bitcoin are going all in ethereum.
I believe the gate already opened. The chart has told me about the hype of ethereum in china and with the good news about the china will try to make a collaboration with ethereum and it will be a good reason to pump the price of ethereum.


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May 31, 2017, 04:49:09 AM
 #30

Ethereum chart look toppy so likely to come down in next few days.
Will buy near $100 or lower.

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May 31, 2017, 09:18:13 AM
 #31

Ethereum chart look toppy so likely to come down in next few days.
Will buy near $100 or lower.
Not gonna come down to $100 for sure
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May 31, 2017, 11:34:47 AM
 #32

Folks,

If some of you are interested in price movement analysis, you will find updated charts on ETH/USD in aventus slack team.
To join, please follow this link. Once logged in the team, go to the #technical-analysis channel. Here you can talk about ETH price moves.

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June 08, 2017, 01:10:12 PM
 #33

there are many major ICOs this month, I think the huge demand will push the price of ETH up a lot.

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June 08, 2017, 02:18:06 PM
 #34

What is ethereum price correction? It is a good news or bad news? Because if the ethereum correction is regarding to the going down value of ethereum it is bad new but if it is regarding to the increasing trend of their value in the market, it is a good news.

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June 08, 2017, 02:21:05 PM
 #35

If Ethereum is really due for a price correction then I should wait for it and buy some Ethereum when it dumps. And I don't think people should worry about the correction too.

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dennyd999
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June 08, 2017, 03:27:46 PM
 #36

I was hoping that ETH drop its value again, I was waiting patiently to buy, down to the point that its value only reach 140 or 130$ again, I will definitely keep this one for a very long time  Cool
DO not try to buy ethereum. BUy ethereum classic. both of them are 100% the same and soon people will realize the truth and start buying ethereum classic

ETC is a scam from brother Bobby and Charlie Lee. Typical chinese strategy to make something looks close and similar to something wich has value and popular at the market.It is chinese scam coin, dont waste your time on ETC
buenav
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June 08, 2017, 03:29:32 PM
 #37

I hope ethereum corrects because then I will buy more but I don't think it will happen until after a new pump to bring it to 0.12 btc or so. The general trend in recent weeks has been just that it pumps then it corrects a bit before some stability until the next pump comes again.
Siren
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June 08, 2017, 03:41:48 PM
 #38

I hope ethereum corrects because then I will buy more but I don't think it will happen until after a new pump to bring it to 0.12 btc or so. The general trend in recent weeks has been just that it pumps then it corrects a bit before some stability until the next pump comes again.

Its looks like we are having a correction right now, But the price is still really high at $250. I don't know if the price will go lower than that so I will be still waiting in a few more days before making my move. Its down @2.5% as per Bitfinex. I hope the correction should be short live though.

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