Bitcoin & Ethereum Drop 3%

[Elli022]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

[proTECH77]

...... Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

Base on recent speculations the bottom for Bitcoin is far from what we have now, so, let be ready for the worst bottom before the rise which is certain. The only thing that will likely happen to tokens if ETH drops 35% more will be a total bloody in altcoin market in general, many campaigns will be pause for the main time before they proceed.

[exstasie]

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

$1,800-$3,000 is broadly where I see support on the chart. $3,000 is especially interesting because we have multiple pivots there (from June and September 2017) and we also have the 200-week MA hovering slightly above. $3K may not be the ultimate bottom but I'd be surprised if bulls didn't try to defend that area.

Regarding ETH and tokens, I'd expect more of the same. Total massacres across the board if ETH takes another hit like that.

[Kemarit]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

We have seen this trend in the four weeks or so, You don't need to be surprised by this erratic jump, this is the Bitcoin we all have known since the beginning, very volatile price movement.

Is Bottom Far from here?-- Bitcoin

Personally, I still think that Bitcoin can still go down in the next couple of weeks or so. But this will be the last bottom and perhaps after that we might see a slowly climb that might lead to a bull run early next year.

What happen to tokens if ETH drops 35% more?

It's either project will paused their campaign, or extend it to cover the big drop. Other's might not give the bounty on time as well. Everyone needs to make money so ICO are very careful distributing their tokens because they know that a massive sell-off will occur after the distribution.

[eminemcookie]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

3% is normal daily variance. It shouldn't be given any significant attention.

I don't know the exact bottom, no one does. I think it will be in the mid-high 2000s.

If ETH drops 35% more than it will most probably be because the whole market is still in decline so all other tokens will drop a similar amount.

[nicster551]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

As long as those coins will have volume in dollars I think eveything will be fine and would continue more to go down for awhile, but I know that thing will recover soon.

[Pursuer]

I haven't really checked the altcoins prices recently to be honest but regarding bitcoin I have to say that there has been no "drops" anymore for days. what we have are normal ups and downs that the market always has. you should ignore all of them unless they are at some critical price level for example at a support or resistance line. which it clearly is not.

What happen to tokens if ETH drops 35% more?

nothing! they continue dying whether ETH drops 1% or 35% or 100% or even if it rises. something that is useless like the tokens can not exist.

[BitHodler]

ETH has dropped $2billion to $1.6 billion by more over 20%.

This is the trading volume you're talking about, which isn't really that interesting at this point with how there isn't much happening right now. I expect the volumes to surge significantly when Bitcoin tests the $3200 mark again.

It really seems that everyone is just dollar cost averaging into the market where no one is willing to pull the trigger and go big at any level yet, which is understandable but it doesn't help making support levels stronger at all.

Last year no one here could have guessed the peak and currently no one possibly knows where it will bottom. I do however remember that around December of last year people expected $50,000 and currently expect way a lower bottom.

Markets don't peak or bottom where you want and think they will.

[cryptobull3]

If ethereum falles 35% or 100% more there are still some people who buy it because they trust in Ethereum future , so As long as there are demands for the Ethereum market , It won't die , And I don't think ethereum whales would like to see its death because they are whales!

[peter0425]

If ethereum falles 35% or 100% more there are still some people who buy it because they trust in Ethereum future , so As long as there are demands for the Ethereum market , It won't die , And I don't think ethereum whales would like to see its death because they are whales!

We are in a bear market, so everyone is affected including Ethereum. I'm sure Ethereum whales are very happy buying tons of it because the price is very cheap and if ever if the price goes down to $50-$25 casual investors will see that as a perfect time to buy and became a bagholder themselves. Definitely there will be demands, remember that every token project is based on Ethereum's ERC-20 technology, so definitely there's no shortage of demand, its that buyers are being outnumbered by sellers.

[nicolas1979]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

If drop again it will scam ( maybe ), there's risk we should take. We don't have control with market and that's why every day is new challenge to become more rich but I don't see it right now. All coins red and drop in high value and cut loss become familiar to us, not to scare you but this is reality. Sell all your coins and come back again next year, it will safe your asset and time, trust me.

[Mr_Akbar]

Meh, price of Bitcoin doesn't matter to me. I trade in and out of alt coins with a set strategy to earn 1% to 3% per day, compounding daily.

That way USD value goes up regardless of Bitcoin's price. Plus, when the next bull run hits, I'll have way more BTC to enjoy it with!

Strategy details are in my profile.

[alan2here]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

This is happening every day in this market and we have no way of stopping this because we are not whales and people are feeling depressed about the current situation. I think the discount will last until the end of this year and in 2019 everything will return to the uptrend

[OrangeII]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

This is happening every day in this market and we have no way of stopping this because we are not whales and people are feeling depressed about the current situation. I think the discount will last until the end of this year and in 2019 everything will return to the uptrend

you're right, even this happens every day. well, in the CMC application it has shown that bitcoin has dropped 12% in 1 week, so is ETH. well, this is a bad decline, and there are no signs for prices to rise again.

[ausbit]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

A 3% change in crypto world is nothing to be noticed at all, that type of changes happens all the time and never really come to anything to begin with. There are 10%+ changes that do not get the attention they would in any other investment. Crypto is more about major changes, unless something major happens none of this really matters. Bitcoin dropped like 70%+ in the past year and almost 50% in the past month so it is not really that important.

I think bitcoin is catching upto the losses other crypto had in the sense that when it was 6.5 thousand it wasn't really that low compared to some others which lost 80%+ so it is dropping to reach those levels but unfortunately when that falls the other crypto currencies fall as well making it impossible to catch for bitcoin.

[Stedsm]

1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

Forgotten something? Let me remind you that BTC is still 600 times higher than what it used to be, $5 once, remember? I believe BTC is already down more than 1/10th its ATH, so falling 3-5% during a day's session shouldn't bother as this is how those big boys are making money - by shorting it.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

There are few reasons I believe this happened:
- Ethereum went with the flow as the whole crypto space is experiencing a hard plunge.
- Ethereum had its own flaws for which it's seeing such a drop as it was about to happen and this seemed to be the best time to those market players to pull it back down harder.

Is Bottom Far from here?-- Bitcoin

I don't think so, however 3200 (and if broken down hard), 2900 are most crucial levels under the radar and I believe Bitcoin should never touch 2900 and show some signs of bullishness by breaking 3650 resistance with a strong approach.

What happen to tokens if ETH drops 35% more?

They'll all get vanished with their projects as most will shut down due to lack of funds due to price slump.

[aervin11]

What happen to tokens if ETH drops 35% more?

Would drop gradually as well. If ETH would drop 35% then tokens using it's network would also lose a mere 35% of it's value because all of them are traded against ETH, whether it is on DEX or Centralized exchanges, bitcoin is a different case, bitcoin sets the tempo for the whole market so it would remain above ETH in that example.

[vixcious]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.
 1. Bitcoin price drop in daily peak, this dominant cryptocurrency is actually down six percent. BTC at its low in daily volume in steep sell off or 5% to 10% thus tends to see an increase in daily volume.

2. The Ethereum price has experience in similar trend as well as Bitcoin. ETH has dropped $2billion to $1.6 billion by more over 20%.

Is Bottom Far from here?-- Bitcoin

What happen to tokens if ETH drops 35% more?

That will cause a lot of upheaval that never happened in the crypto market. The sale will take place quickly. Organizational arrangements will be replaced by others. Our market will be pumping back and many garbage altcoins will have to die because of the strong adjustment again.

[Adriano2010]

I don't expect for such a low price, but i think the price will grow next year, so the best bet we can do is to get more coins and why not hold as much as we can, or doing trade.  Right now i have a nice amount of altcoins and i will hold and also try to get more bitcoin.

[eminemcookie]

If ethereum falles 35% or 100% more there are still some people who buy it because they trust in Ethereum future , so As long as there are demands for the Ethereum market , It won't die , And I don't think ethereum whales would like to see its death because they are whales!

We are in a bear market, so everyone is affected including Ethereum. I'm sure Ethereum whales are very happy buying tons of it because the price is very cheap and if ever if the price goes down to $50-$25 casual investors will see that as a perfect time to buy and became a bagholder themselves. Definitely there will be demands, remember that every token project is based on Ethereum's ERC-20 technology, so definitely there's no shortage of demand, its that buyers are being outnumbered by sellers.

The problem with ETH is that a lot of the demand is cyclical. Most of it comes from ICOs rather than transaction fees, dapps etc. These ICOs raise huge amounts of ETH but then at some point they need to sell it. When the ETH price looks precarious you'll see them all start dumping so they can fund development and it leads to a downward spiral. The same is true for BTC but not quite to the same extent.