Bitcoin & Ethereum Drop 3%

[Slow death]

In past 24 hours. The prices of both Bitcoin and Ethereum has now fallen by more than 3% in U.S. Dollar.

today both bitcoin and ETH drop 5%, I imagine that many people should be panic and already must have begun to sell with losses

Is Bottom Far from here?-- Bitcoin

I've seen many people trying to guess the answer to this question and no one knows the answer to that question.

many garbage altcoins will have to die

are already dying, just see the price they had in December last year and the price they have now and the fact that there is no good news that shows that in the future will recover

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[hardhardy]

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.

Garbage alts are disappearing at a rapid pace. I'm actually enjoying this part of the show.
My leveraged LTC shorts are keeping me profitable in this horrible market.

[Clark05]

If the ethereum drops the value for sure tokens too. Because we know most of the tokens are base on the ethereum price. So if ethereum value up the tokens will increase again the price too and if we want to up tokens value we need to up first ethereum.

[hermankoles]

if bitcoin and ethereum drops, almost all tokens will be forcibly knocked down and this will give the market a red color. the decline in crypto prices continues to occur and currently has a price of $ 3200 and it will take quite a long time to recover prices to reach the next best price

[Lighthouze]

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.

The price of ETH will continue to dwindle with the poor performance of ICOs at the moment and with ICO project teams dumping insane amounts of ETH on the exchange, not forgetting the scam projects as well. If ETH is going to experience any price gains, I think at this point it's only going to be drive by Bitcoin and the road to recovery will be long and rough

[MetalGear]

Bitcoin and Ethereum seems have big drop this year 2018. Both of them are now fully drop and the price of bitcoin might drop to $2500 and ethereum might drop to $50 and it is really bad. The dropping is still happening right now I hope it will stop now.

[harizen]

Bitcoin and Ethereum seems have big drop this year 2018. Both of them are now fully drop and the price of bitcoin might drop to $2500 and ethereum might drop to $50 and it is really bad. The dropping is still happening right now I hope it will stop now.

Let the price decrease come in more so that we can see how far this bottom will go. It's good to see the real bottom rather to live on hype. Yes we all want to have a price increase soon but don't want to see again the 2017 hype although lots of us no doubt take advantage of it.

For those people who want to accumulate more, they are torn between a) buying at the current price rate or b) will wait for more price dips.

That's the decision we/they need to evaluate properly based on our own analysis.

[gabmen]

Bitcoin and Ethereum seems have big drop this year 2018. Both of them are now fully drop and the price of bitcoin might drop to $2500 and ethereum might drop to $50 and it is really bad. The dropping is still happening right now I hope it will stop now.

If it dropped to that low then perhaps there will be a bull run. Whales would see that as a perfect time to hoard coins and the price may quickly drive upwards. But i don't think it's going to go there. Too low.

[seramania]

this drop dropped dramatically compared to the previous year, but we can see if in the future bitcoin and ethereum will run bulls to a high position. this is one moment to buy

[eminemcookie]

The price of ETH will continue to dwindle with the poor performance of ICOs at the moment and with ICO project teams dumping insane amounts of ETH on the exchange, not forgetting the scam projects as well. If ETH is going to experience any price gains, I think at this point it's only going to be drive by Bitcoin and the road to recovery will be long and rough

Most probably you are right. The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition. ETH like most alt-coins now is just dependent on bitcoin for a recovery. Once BTC starts to trend upwards people will also regain confidence in alts.

[Barbut]

The price of ETH will continue to dwindle with the poor performance of ICOs at the moment and with ICO project teams dumping insane amounts of ETH on the exchange, not forgetting the scam projects as well. If ETH is going to experience any price gains, I think at this point it's only going to be drive by Bitcoin and the road to recovery will be long and rough

Most probably you are right. The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition. ETH like most alt-coins now is just dependent on bitcoin for a recovery. Once BTC starts to trend upwards people will also regain confidence in alts.

Poor performance of icos is cause of lack of the investors, people in crypto hold to many well known coins. Many icos will fail over time, just handful of them will survive and become more popular, lets be real world is still struggling to accept bitcoin, litecoin, monero, and other top coins, so many icos doesnt help in that, but some of them will survive. In long term both ethereum and bitcoin will rise in price, this is just a drop that was pretty much expected, it happened before and now its time for everyone to show faith and stay or to sell and leave.

[samycoin]

Well its hurt to see the market like this but we cant do anything even we buy more market still bloody and dropping. I think if this will continue many altcoin will suffering because some of project is relying on ethereum. How sad but still hoping that all things will be alright again.

[1Referee]

The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition.

Not sure how much demand there is left for Ethereum with how authorities are cracking down on ICO's, and also, there are many more alternatives to choose from nowadays, and they are ready to adopt way more users and growth right now. It will take a looong time for Ethereum to be on par with other utility platforms based on the dev's trackrecord for delaying upgrades.

Once BTC starts to trend upwards people will also regain confidence in alts.

People don't regain their confidence in altcoins, they just know that altcoins go up faster and well more than Bitcoin in terms of cold hard percentages.

[eminemcookie]

The price of ETH will continue to dwindle with the poor performance of ICOs at the moment and with ICO project teams dumping insane amounts of ETH on the exchange, not forgetting the scam projects as well. If ETH is going to experience any price gains, I think at this point it's only going to be drive by Bitcoin and the road to recovery will be long and rough

Most probably you are right. The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition. ETH like most alt-coins now is just dependent on bitcoin for a recovery. Once BTC starts to trend upwards people will also regain confidence in alts.

Poor performance of icos is cause of lack of the investors, people in crypto hold to many well known coins. Many icos will fail over time, just handful of them will survive and become more popular, lets be real world is still struggling to accept bitcoin, litecoin, monero, and other top coins, so many icos doesnt help in that, but some of them will survive. In long term both ethereum and bitcoin will rise in price, this is just a drop that was pretty much expected, it happened before and now its time for everyone to show faith and stay or to sell and leave.

Well the large issue is in what you said. So few of these coins that are on the erc20 platform actually have any use case, so ETH just pumps when ICOs are doing well but then there's no continued demand for them and thus for ETH.

The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition.

Not sure how much demand there is left for Ethereum with how authorities are cracking down on ICO's, and also, there are many more alternatives to choose from nowadays, and they are ready to adopt way more users and growth right now. It will take a looong time for Ethereum to be on par with other utility platforms based on the dev's trackrecord for delaying upgrades.

That I don't disagree on, yet ETH still remains the no 1 choice for ICOs. I think it's largely just about brand/reputation, people know they can rely on ETH and it's the one that's always mentioned.

Once BTC starts to trend upwards people will also regain confidence in alts.

People don't regain their confidence in altcoins, they just know that altcoins go up faster and well more than Bitcoin in terms of cold hard percentages.

There has to be some confidence for that to happen, I'm sure a lot of people buy just because they know the price will increase more than others, but that has to be piggybacking off people who do really feel like there's potential for those coins beyond a price increase.

[LSt56]

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.

I think if it would be very difficult for the market to recover because too much panic in the market it also caused many investors to delay themselves because seeing the market situation continued to decline, crypto really needed a lot of fresh money to enter.

[javainn]

the decrease in btc and eth caused the price to drop dramatically again, but be patient if it could be one moment to continue to be used as one of the best ways to buy and hold until the price of the pump

[bitcoin31]

Dumping price of the bitcoin and ethereum is normal nowadays. For sure price of the tokens will be down once ethereum dump more. That is I think base of what I see because they are base to ethereum price. But they have big part also bitcoin because ethereum they are base also to the bitcoin.

[Lazada]

The price of ETH will continue to dwindle with the poor performance of ICOs at the moment and with ICO project teams dumping insane amounts of ETH on the exchange, not forgetting the scam projects as well. If ETH is going to experience any price gains, I think at this point it's only going to be drive by Bitcoin and the road to recovery will be long and rough

Most probably you are right. The only thing that could help buck the trend is ETH 2.0 but who knows when that will actually come to fruition. ETH like most alt-coins now is just dependent on bitcoin for a recovery. Once BTC starts to trend upwards people will also regain confidence in alts.

All existing coins depend heavily on what happens to Bitcoin. The price of Etherum is also greatly influenced by the price movements of Bitcoin and that cannot be avoided. The influence of Bitcoin is very large in the crypto world, for all of us who hope that there will be a price increase on Etherum then we must also support the growth of the use of Bitcoin. Bitcoin is the beginning of the crypto world, let's use Bitcoin and the price of Etherum will increase automatically.

[adaseb]

It seems that everytime that the yearly low is broken, it falls less and less and usually is followed by a huge bounce.

I am thinking that with all the bullish divergences and oversold condition we might have a temporarily bottom for now. It doesn't look like there is too many sellers at these areas.

Last night someone on Bitmex was doing massive shorting trying to break the daily low and when it broke there was no follow-thru and tried to break the following low a few times and failed followed by a rally. This is looking like seller exhaustion and I took a small low leveraged long here.

[Reid]

As far as the tokens are concerned, the owners of it should have an independent market and not just relying with bitcoin or ethereum price.

Well, I did see ERC20 tokens which aint moving much and not being dragged by the fall. I guess it is also a good thing.

Here we are to another drop. No one can tell what the bottom really is. We will just have to go with the flow of the unstable market. Which is good for traders though.