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Author Topic: Ethereum Price drop hard, Why ?  (Read 2477 times)
Snorren
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December 06, 2017, 03:56:53 PM
 #21

Can't the cat game use some child blockchain instead of the main eth chain... Or miners charge extra for cat txs.
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bazar111
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December 06, 2017, 03:57:54 PM
 #22

It is about kryptokitties only , crazy people that buy virtual cats for real money Grin. sonn the hyip will be over and everything great.

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December 06, 2017, 04:02:28 PM
 #23

There is a lot of congestion and the Cryptokittens game has a lot to do with it but we shouldn't blame Cryptokittens for using Ethereum as it was intended to be used.

Fair enough these are cats that are being traded but it runs along the same principle as anything of value and the ownership being transferred from person to person, this is the first time something like this has been testing the network and so far the network is struggling, imagine if there were just a couple of similar trading games or auctions happening, it would bring the network to a standstill.

If anything this should prompt a refocus on the ETH scaling situation.

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December 06, 2017, 04:06:17 PM
 #24

this is common because this is indeed treading investors in order to get big profits, and this does not last long down for the token etherium because I am sure will increase also in the future.

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December 06, 2017, 04:09:41 PM
 #25

I wonder how the WAVES blockchain would've handled the cytokitties madness!!!?
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December 06, 2017, 04:19:50 PM
 #26

The amount of ICOs and pump and dump airdrops are just too high right now and they are actually reducing ETH price in long term.

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December 06, 2017, 04:46:13 PM
 #27

Because it's crypto kitties. But do not worry about it because everything is back to normal. And the ethereum returns back to the previous price may go back to higher prices so we can be confident. Certainly if we trust there is a good thing to do. Perhaps when the issue is over, it may also pump up the ethereum and may even roll over bitcoins next year.

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December 06, 2017, 06:08:37 PM
 #28

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

Because it happens naturally here in the crypto world. Corrections are always bound to happen everytime to all of altcoins and even on bitcoin. Prices rise and fall but often rises even more with the come back. Not to mention that the price of bitcoin are high. which is natural because i have seen bitcoin drop in price and eth increasing. And vice versa. So don't worry, this is completely natural and not something to cry about.

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saman.kh
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December 07, 2017, 12:54:38 PM
 #29

Do U have any idea when it will fixed?
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December 07, 2017, 12:58:13 PM
 #30

This is the most common fear of man, since bitcoin flies insanely to the top, people are afraid of losing their money! Maybe this bubble will burst but I will personally wait!

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December 07, 2017, 01:00:43 PM
 #31

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

Other than the Crypto Kitties thing... it isn't ETH going down, it's BTC going up! Most other alts are down vs BTC. And BTC is rising because of a variety of reasons, partly a slew of mainstream media reports about this year's price rise, partly the news about opening of futures markets, partly the news on developments for lightning network.

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December 07, 2017, 01:13:00 PM
 #32

I think there are a few problems here.
- Crypto Kitties overload the system and mindless users are ready to pay 300 gas instead of 40, that their operation was faster.
- Many new coins that are created on the basis of the Ethereum,
- Very rapid growth of bitcoin, and as a result, the fall of almost all crypto-currencies including the Eth.

ksgerb
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December 07, 2017, 01:27:33 PM
 #33

because cryptokitties issue,they makes ethereum transaction is not going well,so many pending transactions in ethereum blockchain.
don't worry after this issue finished,price growing up again.

Many people really blaming kittens for congestion of ethereum and it's really causing trouble Im almost wasting for failed transaction I'm submitting but not process successfully and just bounce back to my wallet.
Hashers_co_uk
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December 07, 2017, 01:33:30 PM
 #34

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you

it isn't ETH going down, it's BTC going up! Most other alts are down vs BTC. And BTC is rising because of a variety of reasons, partly a slew of mainstream media reports about this year's price rise, partly the news about opening of futures markets, partly the news on developments for lightning network.


That seems it like.  There are some exceptions past week like Dash, IOTA, Monera, Monacoin.  But quite sure that Bitcoin will keep on going up. 
That's good for a lot of people, but the coin is not very practical. (Buying a coffee?)  There are lot of other better blockchains, but traders are only interested in price.   

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December 07, 2017, 01:46:15 PM
 #35

It falls not only the ether, but also other altcoins. This happens always when bitcoin goes up. I think that soon ETH will also become more expensive. Now this project has problems with the network.

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blozo
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December 07, 2017, 01:48:42 PM
 #36

Bitcoin is cannibalizing all other currencies + short term reaction to the network congestion due to the cryptokitties success

Medium/long term ETH will raise as usual

sheamus10
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December 07, 2017, 02:06:43 PM
 #37

in Few days ethereum price is drop hardly in Bitcoin value, why ?
anyone know the causes ?

Thank you
assume if bitcoin it is the mother of all the coin because if the price bitcoin down then surely coins like ETH it drops. so you don't have to be surprised if something like this happens.

Bren Briones
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December 07, 2017, 02:18:16 PM
 #38

One of the reason maybe is the rising price of bitcoin. Since bitcoin is in demand right now, the price is being pulled. It is just like the economy law wherein if the product has a high demand, the value rises. We just need to buy some time then etherium will go up again.

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December 07, 2017, 02:20:25 PM
 #39

Ethereum is down because of the cryptokitty issue as people have already highlighted.

It's a positive and a negative for Ethereum:
+ Shows the platform is in very high demand and more use cases can only increase the value of the eth
- Highlights scaling issues but the dev team should hopefully respond

Depending on how long the issues last, I expect the price to trend sideways.

The issues have led to competitors such as Waves and Stratis to surge today. However NEO seems to be following Eth.
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December 07, 2017, 02:21:24 PM
 #40

Ethereum price didn't drop... It's just that the Bitcoin took so much value because of media fame ,and a lot of people that start being interested in the crypto world. And what is the first coin you buy when you start investing in blockchain ? It's bitcoin.
So bitcoin took value, and eth is still stable, wich means that eth price in bitcoin is going down. Nothing to be scared about, just pure logic.

That's it.

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