petronus
Jr. Member
 Offline
Activity: 252
Merit: 4
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September 05, 2018, 02:41:54 PM |
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I don't know the reason why eth had a bad day this year. This will have an impact on the ico project business and a decrease in enthusiasts to buy eth.
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carlisle1
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September 05, 2018, 02:48:44 PM |
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Anyone know the reason of it?
What are noob doing here in crypto?Ethereum drops its price for more than how many percent from $1,500 in January now is almost $300 does this not enough reason for you to understand that market is in dip season?Why not just shut up your mouth and take some rest ,because you are not helping here |
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sentoy
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September 05, 2018, 02:58:30 PM |
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for now, the digital currency is still dependent on BTC and ETH, it cannot be replaced by another if BTC and ETH drop in others when they go down too and for ethereum they still follow bitcoin and if possible, each one is not dependent.
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bakasabo
Legendary
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Activity: 2296
Merit: 1177
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September 05, 2018, 03:01:40 PM |
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I wonder why topic starter make attention on Ethereum. Top10 alts like Bitcoin cash, Eos and Cardano also dropped in price in more than 10%.
That is just a reaction to bitcoin price drop imho and there is nothing wrong with ETH, BCH, EOS and ADA.
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BitcoinNewbie15
Sr. Member
Offline
Activity: 574
Merit: 296
Bitcoin isn't a bubble. It's the pin!
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September 05, 2018, 03:06:35 PM |
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it's not a Bitcoin dump because Bitcoin lost only 2%... I'm a little worried about this tendence ETH is going down more than other coins.
It's not just ETH, Bitcoin is down 5% now, but BCH and crap EOS is down 11%. Ethereum has been the worst investment this year, I have no idea why its crashing. I know there is some FUD surrounding the upcoming fork? It's probably crashing due to that debate. I'm not sure, The only thing I am sure about is that I should not have boughten ETH. It's funny beacuse I was only using ETH to earn more BTC but I ended up losing nearly half of the BTC I invested in ETH. Lesson learned, only hold Bitcoin.  |
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nl247
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September 05, 2018, 03:07:24 PM |
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Welcome to the world of crypto where things happen fast and this is one of them. Actually, it is normal to see the alt market take a quick hit whenever Bitcoin retraces and that is what we are seeing so far with the alt market. Let's see how the next few hours is going to be like for the market as well as Ethereum.
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edulord
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September 05, 2018, 03:09:01 PM |
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Anyone know the reason of it?
I do not think anyone can say the particular reason why this happened but I am sure it is still being affected by price manipulation and also there is less demand for ethereum. |
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adiebitsler
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September 05, 2018, 03:11:23 PM |
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ethereum is still following the Bitcoin movement, which is why when Bitcoin plunges ethereum automatically follows it because ethereum is now not strong enough to withstand the storm, but it's a chance to return to take a little profit if Bitcoin returns green.
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Kasabus
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September 05, 2018, 03:14:48 PM |
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Anyone know the reason of it?
We never knew exactly but isn't just ETH have a huge decline today but the entire market including btc. Such huge fall is just surprising us since we are expecting more hike as we are in the BER months but I believe these won't take so long and be back to normal again. |
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SongtsenGampo
Newbie
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Activity: 54
Merit: 0
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September 05, 2018, 04:04:16 PM |
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Today's decline is very sudden, I went to read some news, there is no negative report about cryptocurrency, but the market decline is so fast, I don't know what happened, I want to know why？
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Svelto
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September 05, 2018, 04:38:41 PM |
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It is most probably because of Bitcoin price dipped 5%. And it is not only ETH that is affected, other altcoins’ prices dipped as well.
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mksundip
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September 05, 2018, 04:41:05 PM |
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I was very surprised to see ethereum's movement today, I opened it still in the price range of $ 290 and a few hours later it became $ 255 and it looks like it will continue to decline when viewed from several graphs and movements
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anume123
Full Member
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Activity: 700
Merit: 100
Proof-of-Stake Blockchain Network
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September 06, 2018, 06:14:12 AM |
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It is hard to predict why the pressure of ethereum is falling too many people have trouble with it because of the price of the market.
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Marsyam
Newbie
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Activity: 210
Merit: 0
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September 06, 2018, 06:16:38 AM |
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This is the usual thing that happens on all coins. No need to worry, because with the decline will be followed by the increase. If indeed the ethereum down, then surely soon will be up.
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ottogary
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September 06, 2018, 06:36:09 AM |
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It perhaps got affected by the price of BTC that are dropping.
Just as usual when the price of BTC is dropping, any other cryptocurrency also following to drop on their price.
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manwithsuit909
Newbie
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Activity: 98
Merit: 0
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September 06, 2018, 06:40:38 AM |
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Anyone know the reason of it?
Too many fake rumors about eth is a scam i guess |
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itsliss
Newbie
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Activity: 72
Merit: 0
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September 06, 2018, 06:43:04 AM |
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i think the price of ETH has been largely affected lately by so many ICOs, i hope it gets back up soon
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cryptoAB
Newbie
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Activity: 24
Merit: 0
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September 06, 2018, 06:43:27 AM |
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I think it is just part of what the market face at times there is always a bearish and bullish moment in the market ..
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Rtalk
Jr. Member
Offline
Activity: 420
Merit: 1
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September 06, 2018, 06:48:17 AM |
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Not only has Ethereum fallen so much in a short period of time. All the top coins have lost their value . I think that the main reason is the elimination of long positions in the market in a short period of time.
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LankaJay
Newbie
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Activity: 140
Merit: 0
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September 06, 2018, 06:52:46 AM |
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I read a news on cointelegraph saying that this drop has happened after a big withdrawal from the silk road wallet. But I didn't get the news completely. I mean I can't understand because I have no knowledge about what is silk road. Anyway. what I all know is yesterday we had a very big price drop.
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