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Vishnu.Reang (OP)
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August 04, 2019, 05:48:28 AM |
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As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.
And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
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Murat
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August 04, 2019, 06:04:32 AM |
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BTC dominance right now over 66.5%
So Now Altcoin market is on the downtrend. I won't be surprised if ETH price gets below $100 which is very likely to happen in the coming months. If that happens ETH will fall very likely below .01BTC. Investing now on ETH is very high risk.
IEO's aren't welcomed by the community. if you check only Binance IEO's were profitable for the time. IEO's were misused by the exchanges that's why general investors lost their interest. IEO's didn't generate the hype ICO's did back in 2017. I think this is a major price correction.
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Herbert2020
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August 04, 2019, 06:55:38 AM |
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As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC).
try past 2 years! the price has been constantly going lower and lower starting from 0.16 BTC and has so far dropped down to 0.0205 BTC which is a 87.5% drop so far... And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
the rise in first place happened due to 2 factors: hype of ether token and hype of ICO that people had to buy ether to invest in it. those 2 factors stopped being relevant so ETH slowly lost its value. as ICOs died, the price died with it. IEOs are also moving towards other tokens, mainly the exchange tokens so there is no more incentive for people to buy ether anymore! which is why the price still continues going down. investors never meant to hold ETH in first place. anybody who invested their bitcoin in ethereum did that to increase their BTC wealth so they are bound to cash out. another major reason for ETH decline is the huge supply of it which doesn't have any cap either. these issues may not seem serious in short term while the pumps are happening but they always show themselves in the long run which is why such huge decline has been happening over the past 2 years without any major recoveries. |
Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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tbone777
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August 04, 2019, 07:07:27 AM |
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ETH is industrial blockchain. There are so many projects. I dont think that price is a main point for it
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Gridness
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August 04, 2019, 10:03:39 AM |
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Maybe there will be a decrease in eth prices for the next few days, but this is one way for investors to get more eth, because I think eth prices will go up after bitcoin halving
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Lagduf
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August 04, 2019, 10:13:38 AM |
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As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.
And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
That will not happen easily dude, remember the majority of exchange sites are more interested to use their own crypto as alternative crypto to raise the funds from investors. In 2017 ether has become the main crypto that being used to funding the ICO but the time has already changed everything and it looks like ether must try to do something good or a big change to able compete with it. |
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rijaljun
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August 04, 2019, 10:29:40 AM |
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Maybe there will be a decrease in eth prices for the next few days, but this is one way for investors to get more eth, because I think eth prices will go up after bitcoin halving
Why would Ethereum price go up after bitcoin halving? I think instead to increase, the btc halving will just make ethereum price down because Bitcoin itself will have its time to pump. |
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rdluffy
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August 04, 2019, 10:39:03 AM |
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I used to think like you, only in prices, but you have to consider "low prices" in a coin like ETH, is good for some people to use the blockchain of ETH and launch their stuff
There is a thread here in BTCT but I can't find right now
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carrigan
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August 04, 2019, 10:47:23 AM |
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We already have known that Ethereum has experienced worse condition and worse price than only 0.02BTC. We see that some months ago, ETH only reached around $150, it is only around 0.1BTC with the rate right now. It was so terrifying. But finally, this coin can survive and has increased its value and price in several months currently. And now, it reached around $219.43 per coin. ETH is a valuable altcoin, so we must be sure that this coin will always survive in every market condition and nightmare.
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dearbesz1219
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August 04, 2019, 10:51:48 AM |
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There is no reason why Ethereum should keep above this value.
They have plans, but for now nothing new happened to Ethereum, no new technology, no new investment funds (ETFs).
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Red-Apple
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August 04, 2019, 10:57:49 AM |
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but ethereum's survival does not depend on its price! so your question doesn't make any sense.
it is a centralized platform for smart contracts and as long as there are tokens on this platform, it will continue to exist even if its price were 1 satoshi.
as for what investors would do, most of them have already pulled out most of their investments and now only bag holders and ICO scammers left which are slowly pulling out to prevent a big crash.
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--signature space for rent; sent PM--
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DeepChipolino
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August 04, 2019, 11:00:25 AM |
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I think that Ethereum will be below 0.02 BTS. Bitcoin dominance can go up to 70%, this will hit the top coins. But I also think that this situation is temporary.
Everything in the market is always temporary. Important the dynamics. And for altcoins, including ethereum, the dynamics are negative. This is temporary, but it is not good for many altcoins who will not live to see the next rush. Ether will survive, but to continue to grow vs BTC, developers need to plug in something new, since the main source of pumping (ICO) has dried up. |
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chanler
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August 04, 2019, 11:10:43 AM |
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Are you doubtful of the power of ETH? ETH has been on its nightmare, mate. This is very common to feel worried. But, Ethereum is one of the most popular, trusted, and worthy to hold.
So, I personally believe that ETH will survive in every price condition. Moreover now, the price is dropping, but it keeps changing everytime and sometimes it can reach again at a better price. I'm sure about it.
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CryptopreneurBrainboss
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eXch.cx - Automatic crypto Swap Exchange.
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August 04, 2019, 11:23:56 AM |
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And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
Sorry what boost, ETH had no contribution to IEO instead the native tokens of those exchanges IEO were carried in saw increase in price e.g Binance coin. Ethereum price increase had nothing to do with any news instead it was just a healthy market movement just like the spike in bitcoin price was. I don't see any signs of a comeback anything soon especially as the catalyst behind ethereum success last bull ran aren't that needed anymore as better alternative in regards to crowdfunding are popping up e.g initial exchange offering (IEO). |
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anggaem
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August 04, 2019, 12:35:14 PM |
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its normal for me, BTC dominance has become stronger since March and today BTC.D reaches 69%, you can check it in tradingview.
ETH and other altcoin can survive because of that, but let's see at the end of the year I think altcoin will start to recover.
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thiscomm
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August 04, 2019, 12:51:48 PM |
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maybe for the time being the price of ETH has gone too far, and I think that is due to an update on the ETH itself. and it is likely that everything will improve again at the end of 2019 after the release of v 2.0. and for investors who hold ETH coins it would be nice if they kept their ETH coins first, because there will be a time when ETH returns to their prices. so that's my suggestion for ETH coin holders to keep believing in ETH alone, this altc will not disappoint us.
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sorrros
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August 04, 2019, 01:06:32 PM |
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I think that the growth of ETH will not happen soon. they did not show any development and they have big technological problems
Big technological problems? You mean bugs or problems with scalability? Ethreum is one of the most bug-less protocol. I do not know about any cryptocurrency that doesn´t have same problem. |
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J1mb0
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August 04, 2019, 03:12:38 PM |
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Maybe there will be a decrease in eth prices for the next few days, but this is one way for investors to get more eth, because I think eth prices will go up after bitcoin halving
Why would Ethereum price go up after bitcoin halving? I think instead to increase, the btc halving will just make ethereum price down because Bitcoin itself will have its time to pump. Agree, surely the price of ETH and altcoin will continue to decrease when BTC halving. From now until 2020, I think that only the BTC will increase and everything will continue to collapse. |
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bittick
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August 04, 2019, 03:15:55 PM |
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Big technological problems? You mean bugs or problems with scalability? Ethreum is one of the most bug-less protocol.
I do not know about any cryptocurrency that doesn´t have same problem.
Keep calm bro, i guess he means about the scalability problem that faced by ethereum but it's not the correct reason based on the what movement that already made in the market. Ethereum pegged with a lot of ICOs that used it in 2017 and this time exchange sites have been grabbing a lot of ethereum's demand and this will not push the FOMO to buy etheruem again and there will be no a technical problem with ether. |
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ashmodeus
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August 04, 2019, 07:07:35 PM |
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As we all know, the exchange rate of Ethereum has fallen during the past few months (vs BTC). From around 0.035 BTC per coin six months back, the prices have fallen to 0.0205 BTC as of now. The market share of Ethereum in the cryptocurrency market has fallen from 11.5% to 8.3% during the same period. Other alts have also fallen, but not by this much.
And this has happened despite the boost it received from the IEOs. Can ETH manage a comeback anytime soon? Will the investors stop selling their ETH holdings for BTC, and hold on to the coin?
me self as a ETH miner also hope the same thing. but we cant ignoring the reality, Eth popularity decrease day by day,also pumped up by ICO sales no longer exists. IEO ? just forget it, it will not help for more. comeback soon ? i have speculation, NO . |
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