Ethereum Price drop hard, Why ?

[MoonJeina]

Etherneum price drop is mainly because of the immense growth of bicoin . The problem doesn't stop here , all other altcoins mainly depends upon etherneum and none of the altcoin is unaffected because of the wrath of bitcoin .
The ongoing problem of unconfirmed transactions and conjusted pool is not only in bitcoin but also in etherneum which is leading to loss of trust and eventually value.

[lady-odyvan]

Price goes up and down. This is crypto market and it has extreme volatility, so don't worry, be patient;)

[jakaKak]

More than that i am wondering when will the transaction fees go back to normal with ethereum. Its getting really annoying.

[Malkazimir]

I'm sure that krypto kittens will make Ethereum stronger. Very timely detected problems in the system. This error will be fixed in the near future. I think that in the future such problems will not be repeated.
But this situation will make competitors think, who can also be exposed to this.
In any case, from this bug everyone should win.

[marriams]

Because BTC more than doubled in the last month, while ETH remains pretty stable compared to USD.

[crimsongoth]

In the near future, there will be 6 forks to be made in Bitcoin, and some investors who want to get free coins have started to invest in bitcoin. I think there was a transfer from ETH to Bitcoin, which affected ETH fees. That's my idea. it is debatable how accurate it is.

[oddwh]

The price is dropping only because of Bitcoin rise, in fact, ETH didn't dropped more than any other altcoin.

The network might be slower, it's still working fine, so as users aren't really blocked, the price shouldn't drop much more than now. In fact, the bitcoin network is really more slower currently because of congestion, and the price is rising, so...

Just take a look at example of how much fees you need to put on Bitcoin to quicky send funds  

https://bitcoinfees.earn.com/

[DanWalker]

The price of the coin fell for several days for two reasons:
1. The network was overloaded and it was impossible to carry out transactions.
2. The price of bitcoin went up, so all altcoins became cheaper. But now eth becomes more expensive.

[Winner]

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

Thank you

The price dropped because the Ethereum price is usually tied to the price of Bitcoin. When Bitcoin goes up most Altcoins go a little lower than their regular price.

[bigdogdan2]

price is back up.  its always a roller coaster in crypto

[btsjimin]

Maybe there are many people or investor still hold their money and decide to not buy more ethereum while the price is in the low price. But I am sure that the ethereum can go up again soon and in that time, the investor who is not buying ethereum will buy more ethereum because they are panic to see the price is starting to increase. I don't mind if I need to wait for a long time to see ethereum price can increase again because I still hold my ethereum so far and I have a plan to buy more ethereum.

[thaokhuyen08]

this is the result overheating of the ICO project. They have gained a lot of ETH, projects need money to operate and maintain the trust of high prices. It is inevitable that prices fell sharply

[Banulit]

I think the ethereum price drop to more investor to invest in a good price when the price is low the tendency is more buyer going to buy and it will pump because of the buyer and investor.

[supporterb]

Not only Etherium price down mate. Almost every coin fall down very badly. Cause of btc price fall. But no need to worry about it. Cause price will rise again very soon.

[syberwolfen]

Here at the expense of falling prices for eth just do not worry the contrary, rejoice and catch it possible to buy at a cheaper price. After a small fall, there will be a big jump up, believe me!
[/quote

Not only ethereum most of the altcoins goes up and down, this happens only if the BTC price increases. Need not to worry it will star again slowly and steadily as most of the investors are focusing on ethereum these days and the expectations are very high as it will boom.

[Egaymedina]

I want to start by stating that it is possible to answer this question with various reasons. First, there is one detail that needs to be known, that in recent times the market volume has dropped to a very low point, which is reflected in the prices of all cryptocurrencies. Ethereum has also suffered price declines due to this distress and it is still alive. Another reason is that it is now a drop in participation in ICO projects. Demand for Ethereum has also begun to decline, with fewer participation in these projects. Of course, this is not the biggest factor, but it should be noted that this factor is also a serious effect on the price. Another reason for the price to fall is the intense sales and intensive buying orders made by the investors we call whales. These investors gradually reduce prices and fill their own pockets after each decline. So to summarize, these prices have plenty of reasons, it would be erroneous to show one reason or to link price decline for a single reason.

[flowers5]

I think the Ethereum price dropped like it did do to market manipulation.  I don't think any of the coins inflated or deflated like that last year due to normal market activity.  I believe it will rise just as quickly. 

[Sylon New Account]

You should know by now that prices of crypto currencies are not stable. The prices don't need any reason to fall down or go up within a given time. Events that causes price rise or drop lasts for a long term. But unusual drops are temporary and usually recovers within a short period of time.

[vallytech]

This thread was started last year Dec when the price of eth went down but later in the year, it went bck up again, and currently the price of eth is really dip down once again and I know for sure it will surely bounce back again.

[Jiyens3]

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.   

for a price reduction did occur on every coin which weakened. to Ethereum indeed had suffered a disadvantage and cause the price being down. This is sustainable and make it fall. I am sure with the newer developments that continue to increase in price able to restore in the Ethereum future through a process that is not short.