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Danslip
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September 17, 2020, 10:47:08 PM
Last edit: September 20, 2020, 02:05:01 AM by Danslip |
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today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
The ETH price follows the BTC market due to the high correlation between financial assets. The high cost of GAS was the reason for unstable crypto markets and the increasing demand for ETH. It is not the right time to buy ETH now, better to wait for another entry-level before the big bull run. I prefer to wait for the stable GAS fees with following the ETHGas station website and make my decision to send the transaction or later when the Gas fee is much lower than the current level. |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Zemomtum
Full Member
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Activity: 1316
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CitizenFinance.io
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September 18, 2020, 02:26:49 AM |
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It is not sudden, most other alternative tokens do respond to Bitcoin price movement. Anytime BTC price move upward or downward in price, other pairs always fell in price. Hope DeFi will change this scenario and have a competitive market in the future
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Mr.Scott
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September 18, 2020, 05:03:51 AM |
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It is not sudden, most other alternative tokens do respond to Bitcoin price movement. Anytime BTC price move upward or downward in price, other pairs always fell in price. Hope DeFi will change this scenario and have a competitive market in the future
Everything in market has ups and down, it's not always going smoothly as we expect. React according to the market, we should have aim to buy at low and sell at good time. As for the crypto market, DeFi will be the game changer. |
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hulla
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September 18, 2020, 05:19:39 AM |
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It is not sudden, most other alternative tokens do respond to Bitcoin price movement. Anytime BTC price move upward or downward in price, other pairs always fell in price. Hope DeFi will change this scenario and have a competitive market in the future
Everything in market has ups and down, it's not always going smoothly as we expect. React according to the market, we should have aim to buy at low and sell at good time. As for the crypto market, DeFi will be the game changer. Defi projects may currently be the game changer in the crypto market but that doesn't mean it will the future despite the characteristics they provided cause all I can among the Defi project technique is alot of forks project and some copy/paste projects. With that been said, buying low and selling in this current marker is not easy you said due to the unpredictable nature of the market but accumulating coins when the price is dump is a good decision. |
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G.Belaci
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Activity: 94
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September 18, 2020, 08:02:55 AM |
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Ethereum almost reach $400 yesterday. It is just a matter of time before Ethereum rise to the moon again. I have a good feeling about Bitcoin and thus Ethereum will benefit from it. |
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leea-1334
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September 18, 2020, 10:13:12 AM |
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It is not sudden, most other alternative tokens do respond to Bitcoin price movement. Anytime BTC price move upward or downward in price, other pairs always fell in price. Hope DeFi will change this scenario and have a competitive market in the future
This is the crypto alt correlation with Bitcoin people refuse to accept, which is why now a lot of new altcoins are trying to specifically design themselves so that they do not correlate with BTC (but I think it will take ten more years for this to happen if ever). Defi seems to change the scenario for now, but not sustainable IMO. |
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Bezobraznike
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★Bitvest.io★ Play Plinko or Invest!
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September 18, 2020, 11:40:07 AM |
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Ethereum almost reach $400 yesterday. It is just a matter of time before Ethereum rise to the moon again. I have a good feeling about Bitcoin and thus Ethereum will benefit from it. G.Belaci when you read topics and comments from previous years you will read about all this what's happening now. We stayed strong, we believed in crypto-currencies and now the prices are on up again, and we all know that only sky is the limit, we will go much higher. Bitcoin and Ethereum are the most popular, and I believe these two will contribute to many other alt-coins, once they start to rise many crypto-projects will follow that. Another bull-run is around the corner! |
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gatti
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September 18, 2020, 01:18:36 PM |
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today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
Eth had faced many downfall in a recent days. But it's not a permanent one. Many had holding ethereum in their wallet, which sense the new comeback in the price of ETH .Now it was 386$ very closure to 400$,in three days maximum it will back to 400$ track.Holders just hold your valuable ETH. |
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Oceat
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September 18, 2020, 05:29:21 PM |
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When viewed from BadNews, there is no news that can bring down Ethereum prices. maybe it is due to the volatility of the current bitcoin price, and that is perfectly normal.
As usual this is always the scenario when there's a little drop of price you will gonna see threads everywhere asking why it happens. They didn't know that it's just a normal movement of the market unless they've seen a huge dump of price then we could probably find the reason why it happened. But this is just the usual pump and dump in the market since it's an open market everyone is trading plus you can't skip the fact that whales might have been one of the reasons why it drops. |
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diskodasa
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September 19, 2020, 01:45:49 AM |
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Pump and dump are very natural in the crypto world. you don't need to be panic. if you are a long term investor of ethereum plz don't panic. because its the queen of the altcoin. just add more ethereum when it dump  personally I like ethereum. of course I am holding a few there and trying to add more ethereum when it dumps more. my first target for ethereum is $500 and 2nd target is $600 per ethereum.so anything before $400 ethereum is a blessing for mine I also like to invest in Ethereum because this coin gives me huge profits and I have never felt disappointed in holding this coin. I can use Ethereum in investment to earn more ETH and DeFi projects are a great opportunity for you to do that. However, the value of Ethereum will depend entirely on the value of Bitcoin so if the coin fails to rise, the market will inevitably stand still or correct. |
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lienfaye
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September 19, 2020, 02:01:22 AM |
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Pump and dump are very natural in the crypto world. you don't need to be panic. if you are a long term investor of ethereum plz don't panic. because its the queen of the altcoin. just add more ethereum when it dump personally I like ethereum. of course I am holding a few there and trying to add more ethereum when it dumps more. my first target for ethereum is $500 and 2nd target is $600 per ethereum.so anything before $400 ethereum is a blessing for mine Thats right, its not unusual to see eth to turns up and down because it also happened before not only to this coin but for other alts as well. What matters is your belief, because even the price plunged but you believe that eth has a good future and will recover then there's no need to worry about the current situation. Just hold and forget for a while the price. |
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andibongkol
Sr. Member
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Activity: 868
Merit: 251
Sovryn - Brings DeFi to Bitcoin
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September 19, 2020, 07:18:53 AM |
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Ethereum decline occurred due to unstable market conditions that could even be said to be bad besides that, the price of GAS is high
Many make investors not transact using the ethereum platform and what happens demand will be less maybe when both factors support ethereum price will go up
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Twentyonepaylots
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September 19, 2020, 11:02:08 PM |
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Ethereum decline occurred due to unstable market conditions that could even be said to be bad besides that, the price of GAS is high
Many make investors not transact using the ethereum platform and what happens demand will be less maybe when both factors support ethereum price will go up
Yeah it could be, some people might not be willing to use ethereum as of the moment due to continue rise in fees brought by the over hype for DeFi projects running on ethereum network. But the price of ethereum is significantly high compare to its price 3 months before, it doubled up actually gaining strong stand in the market right now. Wait til the upgraded version comes out and see the power of ethereum, altcoin king! |
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Wawa2013
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September 19, 2020, 11:15:06 PM |
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I don't think the Ethereum price has fallen because of the high cost of GAS, but influenced by the price of Bitcoin which experienced
a deep correction. But if you look at the development of Ethereum price in the market, now the price of Ethereum is starting to rise.
So I believe that with Ethereum price now at $ 384 it won't be long before Ethereum price will be back to $ 400 again.
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SaShiRaJaVu
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September 19, 2020, 11:17:13 PM |
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Yeah it could be, some people might not be willing to use ethereum as of the moment due to continue rise in fees brought by the over hype for DeFi projects running on ethereum network. But the price of ethereum is significantly high compare to its price 3 months before, it doubled up actually gaining strong stand in the market right now. Wait til the upgraded version comes out and see the power of ethereum, altcoin king! People are using ETH and providing it as liquidity for these new projects and hence the price started gaining momentum and other than that no one will be using it as the transaction charges are high and everyone is hoping that the development team will roll out their updates so that all these bottleneck issues will be sorted. |
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24Kt
Member
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Merit: 67
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September 19, 2020, 11:20:38 PM |
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Yeah it could be, some people might not be willing to use ethereum as of the moment due to continue rise in fees brought by the over hype for DeFi projects running on ethereum network. But the price of ethereum is significantly high compare to its price 3 months before, it doubled up actually gaining strong stand in the market right now. Wait til the upgraded version comes out and see the power of ethereum, altcoin king! People are using ETH and providing it as liquidity for these new projects and hence the price started gaining momentum and other than that no one will be using it as the transaction charges are high and everyone is hoping that the development team will roll out their updates so that all these bottleneck issues will be sorted. I really hope the eth team is doing something to these high gas fees. Many small traders and eth holders are affected by these expensive fees. They badly need to fast track their developments and not fail their supporters. But on the other note, not even one month the OP posted this thread and the eth price is almost touching the $400 level again. Hope we will see the $500 mark very soon. |
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Fredomago
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September 20, 2020, 12:33:14 AM |
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I don't think the Ethereum price has fallen because of the high cost of GAS, but influenced by the price of Bitcoin which experienced
a deep correction.
Gasses or fees will never effect badly in each currency either Bitcoin or ethereum or altcoins,Because it is few that only uses this currencies for conversion but instead most are investing on it and they can wait even if the long comes for the fees to lower. But if you look at the development of Ethereum price in the market, now the price of Ethereum is starting to rise.
So I believe that with Ethereum price now at $ 384 it won't be long before Ethereum price will be back to $ 400 again.
It will not take another long time before reaching 400$ again. were getting closer to growth once more as Bitcoin Hit11,000$ today and altcoin to follow. |
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Dinda mayasi
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September 20, 2020, 07:52:19 AM |
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Looking at the atmosphere of the last 2 months, where the DeFi system came in the middle of the crypto business, then I believe will be the success of the project and the good price of altcoin in the market. ETH and BTC prices that greatly affect the conditions of market participants in making decisions.
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Republikcoin.com
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September 21, 2020, 08:41:35 AM |
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Looking at the atmosphere of the last 2 months, where the DeFi system came in the middle of the crypto business, then I believe will be the success of the project and the good price of altcoin in the market. ETH and BTC prices that greatly affect the conditions of market participants in making decisions.
well, we all expect that. It's just that, seeing the potential of Ethereum for now, it looks like we need to be patient, because the decline continues day by day. however, I am still optimistic about ethereum even though it fell from $ 460 quite a lot compared to current prices |
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kotajikikox
Full Member
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Activity: 2366
Merit: 207
★Bitvest.io★ Play Plinko or Invest!
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September 21, 2020, 12:39:24 PM |
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today ethereum is down more than 15%. I wonder why this happened. is it possible because of the high cost of GAS? or for some other reason. I didn't find any news that caused the situation to turn out badly like this. this happened suddenly, is it safe, Will ethereum go back to $400?
I don't think that Gas issue is the reason about this because i remember every time that Bitcoin ha Congestion and High fees for withdrawal,the Value of the said coins doesn't fell to 15% so i think it is not the reason. https://www.coindesk.com/market-wrap-bitcoin-ethereum-minersas what said,Bitcoin fall then ethereum will follow. Looking at the atmosphere of the last 2 months, where the DeFi system came in the middle of the crypto business, then I believe will be the success of the project and the good price of altcoin in the market. ETH and BTC prices that greatly affect the conditions of market participants in making decisions.
Both will always go together,as these currencies may last long in rank 1 and 2. Defi will subside soon,or maybe many coins will die from that platform,Only the legit will remain so lets look which is that coins. |
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