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Author Topic: Ethereum Price drop hard, Why ?  (Read 2488 times)
AgatioX
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December 07, 2017, 02:23:48 PM
 #41

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.

Totally agreed.In short - Ethereum dropped a bit in USD ,but he didnt drop against BTC - irs BTC rose against Eth.
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December 07, 2017, 02:24:18 PM
 #42

ETherum is drastically reduced due to the influx of capital from the market into bitcoin. Prices for bitcoins are currently $ 16,000. This causes the entire altcoin market to fall and Etherum is the same.

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December 07, 2017, 03:03:14 PM
 #43

The market is irrational.. and the cryptomarket is EVEN more irrational! There's no explantion to many of the pumps and dumps we see daily... It is a market moved by hype and news instead of fundamentals for the most part.

Ethereum is holding its ground pretty well in terms of fiat value, but BTC is skyrocketing meanwhile...thats why the ratio is so poor today (good price to get some eth if you ask me)

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December 07, 2017, 03:12:48 PM
 #44

Cryptokitties, because of this cat game, they successfully plugged ETH's imperfect blockchain. So now it is difficult to transfer ETH and ERC20 TOKEN. Affected by this adverse event and the substantial increase in BTC, almost all altcoin is declining.

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December 07, 2017, 03:17:06 PM
 #45

I think the price ethereum drops because of the over height in the eth network. Many people move to other platforms to minimize costs, especially for the token developers. Gas Sets that must be high and the number of pending transactions that occur can also be the trigger of the down ETH prices.
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December 07, 2017, 03:18:32 PM
 #46

the pumps and dumps are hard to understand in this cryptomarket

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December 07, 2017, 03:37:30 PM
 #47

The Market now unsteady in the form bitcoin go up without any correction and the other altcoin drop hard because of the bitcoin price surpass the $15 k I think it will not take long time just wait and keep your eyes in the market .

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December 07, 2017, 03:49:32 PM
 #48

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

Thank you

1)cryptokitties
2) bitcoin incrase fast (more than 3000$ in two days )
3) ETH/USD stable
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December 07, 2017, 03:52:12 PM
 #49

Ethereum price drops because of the bitcoin price increasing. Notice the price of other altcoins also drops this means not the only ethereum that has very low value. So, I believe ethereum will become huge its value with its moment.

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December 07, 2017, 04:27:17 PM
 #50

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

Thank you
I think Ethereum price is dropping because more people are exchanging their ether for bitcoin trying to join the new bitcoin trend.

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December 07, 2017, 04:49:20 PM
 #51

ethereum still at 400! it was 290 before , ethereum didnt go down too dip! its just the bitcoin who goes up if you are referring to eth to btc you will see that eth is really a drop too much but look at the other side and see USD is not that bad to eth ! so dont be so sad Cheesy

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December 07, 2017, 05:37:43 PM
 #52

The Ethereum network is experiencing high network congestion. Damn cryptokitties, have congested the complete Ethereum network. Thus, being affected all ETH and ERC20 tokens transaction. Keep clam and HODL!
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December 07, 2017, 05:54:24 PM
 #53

There has not been a huge fall in the price of Ethereum.
I think it shows how powerful Ethereum is.

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December 07, 2017, 05:59:53 PM
 #54

Ethereum did drop hard in BTC value... as did every other altcoin out there. It's no rocket science.

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December 07, 2017, 06:05:53 PM
 #55

this is due to the viral crypto kitties that cause congestion to ethereum. all transactions are pending even you set more higher gas price and can't even sent any tokens.this is really sucks!

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December 07, 2017, 06:12:09 PM
 #56

Most altcoin drops because people always dump it for bitcoin so as to  gain from it.
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December 07, 2017, 07:08:52 PM
 #57

Because bitcoin is eating all the crypto-market resources at the moment. Capitalization is limited and it's just gaining bigger % part of it. So eth falls in price.

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December 07, 2017, 07:31:19 PM
 #58

Certainly the network congestion is playng a factor.  Eth always seems to go down whenever any major network event like this happens.  Blame the cats!

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December 07, 2017, 07:50:49 PM
 #59

It's down for two reasons. First is the heavy traffic on the ethereum network caused by the so-called cryptokitties. Second is the Bitcoin mooning. So even if ethereum has steady price, its value would still decrease in terms of bitcoin.
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December 07, 2017, 07:57:08 PM
 #60

There is congestion on the Ethereum blockchain and they said traders shouldn't panick. After a short time, things will normalise and the price will resume it upward trend.

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