Rambhajan.shah (OP)
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September 15, 2018, 12:37:43 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
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Sylvial
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September 15, 2018, 12:45:30 PM |
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You should have asked this question before taking an investment decision to buy. Now that you've put the cart before the horse, there's not much you find out now that'll change anything. But to answer you anyways, a lot of reasons cause the ETH market cap drop, the current bearish market condition, weak hands selling off, ICOs dumping their ETH at the exchange for fiat, and some FUD making the rounds in the space.
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Agutin
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September 15, 2018, 12:48:19 PM |
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The ethereum falls like the whole market. plus everything seems to me around him, especially created a negative background that would push the coin even lower with a subsequent purchase
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bitcoin31
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September 15, 2018, 12:51:45 PM |
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We exprienced only dumping not dying because the means of dying if the price is under 1 dollars but the price is still above 100 dollars . Yoy have good decision to buy more ethereum.
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Fuhre
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September 15, 2018, 01:00:19 PM |
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Indeed, so far this bearish market I think it's not too strange if Ethereum's price drops drastically because people panic after the derivative has a bit of an alarming effect, but this is an advantage to buy at a low price because Ethereum is trying to bounce back to repairing yesterday's slump, it was not certain the original cause of the price dropped far, whether manipulation or natural conditions of mass disposal.
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mariomerula
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September 15, 2018, 01:08:41 PM |
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I really don't understand why ETH has fallen so deep compared to other coins.. it's still one of most known coins and with many users using its blockchain but maybe I'm missing something..
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Samarkand
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September 15, 2018, 01:15:00 PM |
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I really don't understand why ETH has fallen so deep compared to other coins.. it's still one of most known coins and with many users using its blockchain but maybe I'm missing something..
You are missing the fact that ETH is subject to a lot of downward pressure that other altcoins don´t have. The reason is the fact that Ethereum is used to raise money for ICOs. The ICOs that raise ETH therefore are always looking to sell, because ultimately they have to pay their expenses in fiat money. This sell pressure comes on top of the sell pressure by Ethereum miners that are also looking to sell in order to pay for hardware and electricity. ETH can´t really go up sustainably due to these two groups that keep the price down. |
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andthereyou
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September 15, 2018, 02:14:20 PM |
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It's just we are on a long bear market and no altcoin price is exempted from falling drastically. If you study or check the price history of ethereum or any other altcoin that existed for years then you will find out that this situation is similar to the past.
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beswaax
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September 15, 2018, 02:22:36 PM |
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The whole market was down, not only ETH, it's the usual stuff as with every cryptocurrency.
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TaofenBoy
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September 15, 2018, 02:26:05 PM |
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The collapse of the ICO triggered the Ethereum incident. But the main reason is because there are whales, everything that is caused by the game between billionaires, but what is shown to us is the news of all kinds of truths and differences.
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krenus
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W12 – Blockchain protocol
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September 15, 2018, 02:26:18 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
although i am not so sure eth will die completely, certain weakness will be present in its position for some time. i doubt it's technical issues. it's a tendency |
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Javascript09
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September 15, 2018, 02:29:26 PM |
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The major reason is just because of the bearish market state
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indopool
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September 15, 2018, 02:37:11 PM |
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When this bearish market occurs, I think it's not too strange if Ethereum's price drops drastically because people panic after the derivative has little worrying effect, it's not clear the original cause of the price dropped far, whether manipulation or natural conditions of mass disposal. but this is an advantage to buy at a low price because Ethereum is trying to bounce back.
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aoihs00
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September 15, 2018, 02:41:02 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
Who says its dying? Its not dying really but its just trying to regain its own status one more time. Its actually going down because of many factors, like ICO's dumping the investment of ETH for BTC so that they can have easier transactions up ahead. Apart from that ETH is getting troubled because of many things, like slower transactions, stress on ETH network and much more. The end result takes this to lesser use and investment of ETH. To be frank this looks to me very normal because this has already happened and its no wonder right now. It will surely come up and its all about the time!! Wait for the whole market to come again.  |
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raven.tiu17
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September 15, 2018, 02:42:30 PM |
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Eth is here and no matter happens it should hodl alot longer. Nobody knows when this price go up but I'm pretty sure it has alot of fundamentals and acquiring the Point of Stake soon. Eventually price could go up especiallt if they use Dapps in their smart contracts.
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zeze18
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September 15, 2018, 02:45:15 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
I know it's because the pesimis statement from the ETH CEO on twitter about future of cryptocurrency. People lose interest with him and left ETH i think. But hope it's recovering soon because too many postponed ICO due to this condition |
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Baofeng
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September 15, 2018, 02:46:18 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
No, its not a technical issue or even the fundamentals behind the project. What's keeping the price down is the pressure from ICO projects to sold off their tokens for ETH because they need to recover the cost of their operations. And also bounty participants are cashing out the moment they received their tokens from ICO and couple of EOS dumping, resulting to ETH sudden price free fall. ETH is good for long term, so it you are here for the long haul then stack ETH as this is a golden opportunity not to be missed. |
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Rajatkatyal
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September 15, 2018, 02:52:06 PM |
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It is very early to said that ethereum is dying. According to me this time is just though time for ethereum and all cryptocurrency.and it's is going to be strong once again.
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Zandra
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24/7 COMMUNITY MANAGER 💯
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September 15, 2018, 02:52:49 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
Seriously? Dying ethereum? The market are in the bearish situation and ethereum is the most affected on what happened but it's not dying. Look at the situation of ethereum it's slightly increased and I guess this is the beginning of recovery. |
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Iyeman
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September 15, 2018, 02:54:03 PM |
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ok...everyone knows how deep ethereum is now but my question is WHY?
Is it affected by whole market crash or due to its technical issues?
please run ur mind and find the reason so that it will make clear understanding whether someone should invest or not.
btw i bought 12 eth at 0.02955 btc
That's caused by the whales that has created the whole of market being panic to sell all of their altcoins. this time the whales has been loaded a lot of ethereum again. it's not caused by the technical issue but that was a price manipulation. this is why a lot of people must be careful with the whales because so many people have sold their altcoins on the cheap price |
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