ETC is moving, what's the reason?

[ankurguta87]

Etc is moving is all red weekend. What is the reason behind it? Is it possible for ETC is touch $50 by end of this year as all it's buddy coin us already crossed much more than etc

[mifanmuzny]

People are starting to accumulate the crypto and start using it maybe thats why

[Jurski]

Look at BTC price , if BTC falls everything else (usually) also does

[inyakizuryel]

i think the main reason for this is its because too many people are no in to cryptocurrencies and they already started using ETC that is why the market of ETC is moving very fast and too many altcoins are also being expensive in the market, it all goes to the ICOs that are very willing to get funds and make their campaign worth campaigning, there is also this reason that bitcoin is starting to be recognized on the mainstream that is why ETC is moving on a fast phase

[rudolfaxl]

Wow, it was very unexpected for me. I wonder why too. But as for an ETC's miner it's just wonderful news for me

[ankurguta87]

I was expecting this and believe that it will be the next booking cypto as all it's colleague ltc, xmr, dash, zcash are already moved to next lvl.

[HAARP]

Etc is moving is all red weekend. What is the reason behind it? Is it possible for ETC is touch $50 by end of this year as all it's buddy coin us already crossed much more than etc

Don't expect old low prices for ethereum. The reason is obvious, the market is not bullish now, and this makes price fluctuations for ethereum and others. But it's good to know that it stayed above/around $300 for long time.

[Volant]

I wonder if it's worth picking up ETC for the long haul.

[kyori]

Etc is moving is all red weekend. What is the reason behind it? Is it possible for ETC is touch $50 by end of this year as all it's buddy coin us already crossed much more than etc

May be because bitcoin is falling and bitcoin holders now are trading with another coins that has potential and because ethereum classic will have a summit on Monday and Tuesday in Hong Kong.

[zxl912157]

This may be due to the decline in Bitcoin prices, usually followed by increases in altcoin prices.
I can not explain in detail but it happens like a water cycle.

[Ingramtg]

there is because btc is falling and the fund are all going to altcoin , etc is easy to pump so the fund pump with ETC i think

the price should be dump soon maybe.

[Aureliusy]

If there is no reason, there is no reason.
Read : Fake pump

[buytheeffinD]

Etc is moving is all red weekend. What is the reason behind it? Is it possible for ETC is touch $50 by end of this year as all it's buddy coin us already crossed much more than etc

May be because bitcoin is falling and bitcoin holders now are trading with another coins that has potential and because ethereum classic will have a summit on Monday and Tuesday in Hong Kong.

That coupled with the recent btc pullback I think are the two main reasons why ETC is having a pump right now. Not sure if it will continue but seeing there a few days before the summit anything is possible I guess.

[DosManos]

cant you go read in twitter why price rising?
they have a lot of good news and have their own Summit in 2 days
the price can go even to 200$ in a year ..
read their tweets for the 2 last months...

[ankurguta87]

Well, it was a pump only I guess. I should have sold it at $21 regretting my decision. Hope that time will come again

[rajuahmed330]

One thing you would notice is that the prices of alt coins decreased when Bitcoin prices increased. Again, the price of alt coins increases as soon as the cost of bitcoin decreases.

[dillpicklechips]

Etc is moving is all red weekend. What is the reason behind it? Is it possible for ETC is touch $50 by end of this year as all it's buddy coin us already crossed much more than etc

May be because bitcoin is falling and bitcoin holders now are trading with another coins that has potential and because ethereum classic will have a summit on Monday and Tuesday in Hong Kong.

Pretty much it. This is what I'm saying to those who wish to trade that lending your ears to the news, recent developments that going on around will tell you which way will the market moves. As a smart trader, you shouldn't just get swayed by these news and you should know when to buy and sell.

[thesmallgod]

the only reason why any coin will rise is because investors are demanding for it and that is exactly what is happening. i think this is normal as global demand for cryptocurrencies is on the rise many people are now trooping in into investing in coin. probably the recent rise of BCH have make people start buying some random coin which ETC is not left out. i dont think ETC rise will continue. it is just for a short period. the same thing happen to ethereum some few weeks ago and its happening again now.

[Lifework]

cant you go read in twitter why price rising?
they have a lot of good news and have their own Summit in 2 days
the price can go even to 200$ in a year ..
read their tweets for the 2 last months...

please forgive my ignorance. What is ETC? I heard for a long time BTC, ETH, LTC, and Ripple were likely safe choices for long terml im not good eough to tradefst yet to get in and out.

[Lifework]

Well, it was a pump only I guess. I should have sold it at $21 regretting my decision. Hope that time will come again

im no expert but the entire mkt is volatile. trust your gut,k ride it out for long term if that's your goal, and deal with the ups and down because they will occur for a while.  Most importantly never spend more than you can afford to lose. This is essentially a safer version of gambling in my book but there are still plenty of risk in the field.

justg my 2 cents