Why is Ethereum market value going down?

[manish9841]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

[nightways]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

It is going down just because the bitcoin is facing massive dump. The rest of the coins whether it is ethereum, neo or any other altcoin, they are completely relying on bitcoin for the rise in their market values. This is the major reason why you are observing downfall in the prices of ethereum too. This is not permanent at all, with the passage of some time, ethereum will rise following the leader of crypto market.

[manish9841]

Thanks for the info. I hope the bullish market will come soon 

[cheezcarls]

As of now, the only way gateway for us to convert a cryptocurrency into fiat currency is Bitcoin. It is why all of these altcoins are relying more on Bitcoin. Unless one or few of them can finally found a way to convert them straight to fiat currency, they would not rely anymore to Bitcoin regardless of the pump and dump. Coins.ph, a Bitcoin wallet for the Philippines, has added Ethereum to their feature that could be converted straight to fiat currency. YOLO wallet will be doing the same too as they are still under development.

[gantez]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

It is going down just because the bitcoin is facing massive dump. The rest of the coins whether it is ethereum, neo or any other altcoin, they are completely relying on bitcoin for the rise in their market values. This is the major reason why you are observing downfall in the prices of ethereum too. This is not permanent at all, with the passage of some time, ethereum will rise following the leader of crypto market.

I don't believe in your idea that the drop in bitcoin is the reason etheruem has dropped this much. Bitcoin drop could have effected altcoins including etheruem no doubt but my point is, etheruem has fallen more than the effect of the drop in bitcoin. I'm yet to know the reason myself.

[Theb]

If you haven't notice all of the cryptocurrencies are going down and right now and the market is currently on the bearish side. Now we can say that Ethereum is taking a lot of hit but other Altcoins as well as the King are way below their ATH. Look at Ripple which is now worth .50$. The market is scared right now to put their money to cryptocurrencies that is why a lot of them are pulling out their money keeping it safe by holding Fiat currency temporarily. But when the FUD is over as well as when cryptocurrencies look to have an attractive price people will start buying cryptocurrencies again. We must not worry about this stage of the market, we should even take advantage of the current situation right now.

[Hui8]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

Whats going on currently is not the FUD but its for real but natural dumps. Also its not just about the ETH market really but it is about almost all the altcoin and the bitcoin itself. Everything here is interconnected and unless and until BTC market recover all other coins will see the same sort of dumps. ETH is no other exception but also getting hampered into this mess. The market however is supposed to recover this month and few instances shows that the market is green but not fully shown the signs of recovery.

This is something different and I can read that its all about the BTC thats moving the other coins along with it. We cant help it in anyway but we can just hold and expect the market recovery as we all are in the dumps stage and loosing our investment at very faster pace.

[FrueGreads]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

Well I would say it's because bitcoin is also dumping, and as we already know, when bitcoin is falling, usually all altcoins suffer even greater losses. Even though ethereum is considered to be more than just an altcoin, I guess that we being proved wrong.

Of course that from the top10 altcoins, ethereum is probably the one that is suffering the most, and the only reason I see for that, is the adds ban that we have been seeing lately. Ethereum is tied to ICOs, and ICOs are not seeing good days because of tight regulation. Also let's not forget that a lot of ICOs failed or scammed people recently, and all of those things end up hurting ethereum.

[Webberson]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

FUD is also a factor contributing to the decrease in value of Ethereum, alongside some other factors. Ethereum has a platform that holds other alts, and now that the market is in its bearish direction, it simply means most of those coins are down as well, which in turn affects the Ethereum.

[chris200x9]

If you haven't notice all of the cryptocurrencies are going down and right now and the market is currently on the bearish side. Now we can say that Ethereum is taking a lot of hit but other Altcoins as well as the King are way below their ATH. Look at Ripple which is now worth .50$. The market is scared right now to put their money to cryptocurrencies that is why a lot of them are pulling out their money keeping it safe by holding Fiat currency temporarily. But when the FUD is over as well as when cryptocurrencies look to have an attractive price people will start buying cryptocurrencies again. We must not worry about this stage of the market, we should even take advantage of the current situation right now.

But for recent price jump, mostly lot of new investors money was the reason but if one see this kind of high volatility many of those first-time investors may not come back to crypto if they already lost lot money in this bear market. I'm not sure how long the down market will continue but it looks like may be lost for very long time so don't hurry and buy all at once instead spread your buy orders and accumulate in small quantities.

[bitcoinveda]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

It is going down just because the bitcoin is facing massive dump. The rest of the coins whether it is ethereum, neo or any other altcoin, they are completely relying on bitcoin for the rise in their market values. This is the major reason why you are observing downfall in the prices of ethereum too. This is not permanent at all, with the passage of some time, ethereum will rise following the leader of crypto market.

I don't believe in your idea that the drop in bitcoin is the reason etheruem has dropped this much. Bitcoin drop could have effected altcoins including etheruem no doubt but my point is, etheruem has fallen more than the effect of the drop in bitcoin. I'm yet to know the reason myself.

The main reason is when Bitcoin price is kept decreasing automatically the price of ETH decreasing, this is main reason that everevery one knows but some FUD will also make to decrease it's price.

[Tenderino]

Basically no one knows what is happening with the crypto currencies, because it is a world wide and decentralized system and we have not the possibility to analyse why and what happens in each country.

But I personally believe that investors who were greedy and pushed the price to its all time high were selling to take the profits. Then the newbies and unaware investors were panicking and also started to sell and this caused and still causes it. Because it is very unlikely that the demand of the private and normal users suddenly decreased for 70%.

[BobBct]

I think the reason is because of the dump of btc which affected the market badly and i heard some coins actually went down but i think that's just a useless coin and also eth got affected drastically

[manish9841]

Apparently for newbies this has taken a bad toll. I invested 4000 dollar, now I am down to 2000 including Ethereum in my portfolio. However, I am learning much more about crypto-economics and good projects. As long as the project features Scalabiity, Performance and Reliability, Interperobaility and Sustainability, I could imagine that it would be very good for future not just on monetary value but essentially as a product or service itself. However, the regulation of ICOs is itself in question with no investor protection, and I read that there will be shift from ICOs to STOs where investors have more protection.

[krauzzer02]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

Besides the bitcoin price dump other reason we may conclude is the ban on facebook, google and twitter towards cryptocurrency ads mostly the one who is affected with the ban is the ICO's most of the projects promote their incoming crowdsale through this platforms and mainly they used smart contracts from ETH to create ERC20 tokens not all of the projects use ETH blockchain but most of them depend on the said platform so Ether is the one who took the beating down from the market crash.

[duyduc256]

I see the market cap of Ethereum is going down day by day. Could someone explain what is really driving down? Is it due to market FUD or sth different.

Besides the bitcoin price dump other reason we may conclude is the ban on facebook, google and twitter towards cryptocurrency ads mostly the one who is affected with the ban is the ICO's most of the projects promote their incoming crowdsale through this platforms and mainly they used smart contracts from ETH to create ERC20 tokens not all of the projects use ETH blockchain but most of them depend on the said platform so Ether is the one who took the beating down from the market crash.

I think this action is only temporary because they are the 3 biggest advertising companies in the world. For me they are trying to create FUD to make the ETH price drop so strong that they can buy at cheap rates and then they will create good news to give the community a new look at the 3 advertising companies. Then the ETH price will go to the moon and will reach $2000

[squatz1]

The entire market is going down, so it's not just like you can single out ETH and say that it's only them. The entire market is going through a massive downturn, massive amounts of money are leaving the market and people are scared.

Also, when the price of Bitcoin crashes the price of altcoins crash -- that's how it works. If the pairings were different, as in if the pairings weren't all bitcoin then maybe things would be a bit different but that's not the case -- that's something we can try to change for the future.

[solarion]

The entire market is going down, so it's not just like you can single out ETH and say that it's only them. The entire market is going through a massive downturn, massive amounts of money are leaving the market and people are scared.

Also, when the price of Bitcoin crashes the price of altcoins crash -- that's how it works. If the pairings were different, as in if the pairings weren't all bitcoin then maybe things would be a bit different but that's not the case -- that's something we can try to change for the future.

Ethereum is not only one coin dumping in the market but when seeing the last year market movement on ethereum by comparing with this year means It completely range now. Last year ethereum bumped 350 percentage but this year almost 1100 USD value dumped from the peak value of ethereum.

Current price fluctuations on the mareket is crashing almost every cryptocurrency in the market. This all happening because of the world political move. Simply we are getting fucked up in the market.

[german1080]

The main reason is for the advertising bans on facebook, twitter, google, in addition to all the regulations that try to put the banks in different parts of the world, this is passenger, not hy that to enter panic

[marginal]

For my thought, the reasons are the same as for bitcoin, market is unstable right now, so we can wait stupid things from it. I would rather hold my currencies for better times.