Why Ethereum Classsic is going down?

[paramelton]

Cryptocurrency market is generally very volatile. But one is a fact, the market does go down right now without any visible reason. I lean to think that it’s still the consequences of  Bitcoin fall (Mt Gox & Roger selling, China kicking out miners, ICOs Fraud) and unhappily all of this being combined with the end of  Tax Year. It does need time to get back up.

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[Nalbo]

In the time of every crypto decreasing, ETC is the only one increasing right now (among the popular ones of course).
ETC is also popular for unnatural pump and dump and you can expect such price rise and fall anytime with such coins (ones that are purely intended to make profit from unsuspecting investors).

[Ranly123]

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

Probably it is due to FUD that circulates about scams specially on ICO which the main coins used is ethereum. Panic makes people sell their stocks which makes the price go down.

[sarfield]

We need to understand further, that the coin is currently down, so this decline is as if it were a mass turn. There is still a chance to go up, be patient to see the development of the market going forward.

[Oniko]

Many crypto-currencies fall and Ethereum Classic is no exception.

Now bitcoin has grown a bit and has fallen in price. The next will grow Ethereum.

Later, Ethereum Classic will grow., When whales will want to earn on it

[akungagal]

We need to understand further, that the coin is currently down, so this decline is as if it were a mass turn. There is still a chance to go up, be patient to see the development of the market going forward.

yeah, you're right.
it should not be too panic then sell all assets, it will make the price decrease.

keep calm, and just wait.
i'm sure that in the future the price will improve again.

[bitcok]

is it possible that ethereum classic's decline is ethereum's change to POS?
I don't really understand why ethereum changes to POS, will this change be able to improve ethereum?

[NewBet]

I am going to take a short and say that the reason that the price of ethereum classic is going down is the same reason that the prices of all of the altcoins are going down which is because bitcoin price is down. They all follow the same trend, as long as the price of bitcoin is still going down then you should expect that all the prices of other altcoins including  ethereum classic will be down.

[lutcor]

Because in itself this project though has a very large number of good and positive news, but it seems to me that people clearly do not understand that they should compare the situation with the market as a whole.

[matico]

Because is not living up to it's promise! Ethereum classic was potrayed and sold to be better decentralized than Ethereum! There was enthusuasm surrounding ethereum classic for the believers in decentralization. But alas, ethereum classic have had a stunted growth since!

[Betwrong]

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

At first I was going to say that all alts are going down these days and that Ethereum Classsic is no different in that regard. But it looks like ETC is different because contrasted with overall red market it has gained 4.53% in USD price during the last 24 hrs.

Btw, it's not going down in relation to Bitcoin during this year. The price of ETC was 0.0025 BTC in the beginning of January, exactly as it is today.

[owlman]

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

A slightly strange question, given the market situation, and the fact that the price of all coins is reduced. When the market recovers (I believe that all the same it will happen), then prices will therefore start to rise, and the price of ETC will not be an exception. Patience, my friend.

[Efta321]

I think it's like this every year, I believe there will be an increase in a few months, people will return to the crypto world. they will need ethereum back in time. Hopefully this is not sustainable.

[bandungan]

the decline in ethereum classic prices was a natural thing, because now all the coins had decreased. but this can be used as an option to make purchases and sell when prices are high.

[great.crypto.finansist]

Why falls? August 7, 2018 Ethereum Classic showed an increase to the maximum values in three months. The growth of the ETC coin, which currently stands at $ 18.90, was facilitated by news about the addition of two major sites - the listing on the American currency exchange Coinbase, and the addition of the coin to the list of trading instruments in the mobile application for stock trading Robinhood, the possibility of trading crypto-currencies.
US goes to the cryptosystem)) Amazing good news)))

[juljon18]

Well everything is going down at this point plus it is probably having some sell the news trading going on since its Coinbase debut.  I assume once everything shakes out we will see Ethereum Classic moving back upwards. 

[jhongzjhong]

Well everything is going down at this point plus it is probably having some sell the news trading going on since its Coinbase debut.  I assume once everything shakes out we will see Ethereum Classic moving back upwards. 

Well, you have a point. The main cryptocurrency was down and then probably expected that other altcoins were also followed to bitcoin price movement. Surely it will upward when bitcoin price back to normal, I personally don't have doubt into this Ethereum classic coins because it has a great technology which is good to hold for a long term.

[alex_kir]

As for ETC, it seems to me that everything is clear here, because a lot of people with ETC appeared on the market, so people who can sell it became smaller and, accordingly, the price began to fall, this situation is standard.

[tayvaya]

My friend is not just the ethereum, all the subcoins have fallen. The market started to move slightly mildly. But after two months everything will be better.

[Alexmasterbtc]

Introduced in 2016 as a result of the Ethereum twin brother hard fork (ETH). In other words, this cryptocurrency is the same Ethereum, before the hard fork. The goal of the project is to preserve the original Ethereum, decentralized, immutable and uncensored.