Why Ethereum Classsic is going down?

[MarbleBoss]

Check the chart for last 30 days - https://coinranking.com/coin/ethereumclassic-etc

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[lifesgood10]

probably panic causes, but honestly do not believe in coinmarketcap or blockfolio
go to the exchange and check the price for yourself, you will be surprised that there is no dump

so lets get around while coinbase activates etherum classic on the platform too

[MarbleBoss]

so lets get around while coinbase activates etherum classic on the platform too

Its happening - https://blog.coinbase.com/final-testing-for-etc-support-on-coinbase-cdccaedb2ae3 

[Aleksey1958]

Because the whole bitcoin goes down rapidly and all oldoini fall behind him, and Etherium classic is no exception

[akungagal]

maybe because of the decline in bitcoin prices, that's why other coins have also declined.
don't panic, and don't immediately sell your coins.
it will make the price go down.

you should hold your coin, and if you have other capital.
this is the perfect time to buy it. 

[Buntel168]

Not only Ethereum Clasic, all altcoin price has decreased in this time. I also don't know the cause and hopefully the price of all altcoins soon will recover.

[solarsun]

I doubt much of anything is going to be up no matter what the news.  I think that once things settle down and people calm down Ethereum Classic will start it's upward ascent.  I have a decent position in this coin and cannot wait for it to be worth what it should be worth.  Current prices suck. 

[AzureDragon]

Now price of Ethereum Classic is recovevred. I think dump was connected with testing new features in ETC blockchain because of what part of the blockchain capacity was idle.

[beleyeleazar]

probably panic causes, but honestly do not believe in coinmarketcap or blockfolio
go to the exchange and check the price for yourself, you will be surprised that there is no dump

so lets get around while coinbase activates etherum classic on the platform too

Coinmarket cap is one of the most trusted in the cryptocmarket and it's the basis of majority of the players here so I don't think they would lie to you about the market value.

[satyamikaels]

because bitcoin and eth dump, please wait for bitcoin and eth up again, and etc will up.

[jeffthebaker]

so lets get around while coinbase activates etherum classic on the platform too

Its happening - https://blog.coinbase.com/final-testing-for-etc-support-on-coinbase-cdccaedb2ae3 

Only reason it's not continuing to fall with every other crypto- but certainly a fine reason. Litecoin saw huge pumps in 2017 because people were by and large purchasing the cheapest coin on Coinbase. ETC will now be the cheapest one to buy. It's flawed logic but logic that is employed by many average Joes.

[seo-maestro]

I think it's good time to buy cheap ETC for my long term investment portfolio because US-based investors will buy ETC on Coinbase and ETC price will be increasing slowly next months.

[Larymause]

Check the chart for last 30 days - https://coinranking.com/coin/ethereumclassic-etc

I think this is due to the fact that the entire market of altcoins is now falling. And Coinbase announced the listing on August 7, which everyone was waiting for. But already all who wanted to buy - bought, and now there is no one to buy, so the price falls. I think that during the listing there will be a micro pump, but then the price will fall even more.

[Sharingjoy]

All altcoins had been affected with the downfall of bitcoin and Ethereum classic is not exempted with the bloodbath of the market. Expect this will rise once the market recovers.

[79b79aa8d5047da6d3XX]

When all altcoin things fall down. Only ETC is going up. Because according to the news I know, ETC is listed at the coinbase. Very good news with any altcoin. So ETC has been FOMO and prices have risen 20% in the past few days

[MirkoIta]

Every market is tied to the bitcoin price. With the addition on coinbase many customers will be able to buy ETC with fiat currency and hopefully Ethereum Classic market will decouple from BTC movements.

[code]

It moves along with the entire market for Bitcoin. Everything will be back soon.

[Vitalicus]

Not only Ethereum Clasic, all altcoin price has decreased in this time. I also don't know the cause and hopefully the price of all altcoins soon will recover.

Selling panic of investors is the main reason for the price drop in this moment. Almost all altcoin are reduced and all are heavily dependent on Bitcoin. I believe this stage will soon end and people can be seen rising again in the next few months. Just wait and do nothing during this period because only a small mistake, you will lose a lot of money

[nicedreams]

Check the chart for last 30 days - https://coinranking.com/coin/ethereumclassic-etc

Because both BTC and ETH is also going down right now. ETC won't be different.

[simapple]

Because the whole market is now in decline, so such situation with ETC. I think all the coins will be flying to the moon soon, so hang on, guys!