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Topic: BIG price correction on Bitcoin and Ethereum, what happened? - page 2. (Read 2433 times)

sr. member
Activity: 1344
Merit: 288
I guess there is a lot of news that could be correlated with the drop of Bitcoin and Ethereum, but I believe the most important one (not mentioned here) is the launch of IOTA. IOTA has reached $1.5 billion marketcap being in the top 10 crypto currency, and it threats all altcoins by its non-blockchain technology known as tangle. I believe that's the reason for the FUD and red markets today.


Your image is of today. What I meant by $1.5 billion was on its launch day between June 13th and 14th. All altcoins as well as Bitcoin have been dropping in price since yesterday. Everyone should be afraid from IOTA, if he/she holds Blockchain-dependable altcoins (which is pretty much all of them).
newbie
Activity: 39
Merit: 0
I guess there is a lot of news that could be correlated with the drop of Bitcoin and Ethereum, but I believe the most important one (not mentioned here) is the launch of IOTA. IOTA has reached $1.5 billion marketcap being in the top 10 crypto currency, and it threats all altcoins by its non-blockchain technology known as tangle. I believe that's the reason for the FUD and red markets today.
http://www.fotos-hochladen.net/uploads/5345435435w4mspqrinl.png
newbie
Activity: 53
Merit: 0
This will be the biggest buying opportunity in a long time.
sr. member
Activity: 1344
Merit: 288
I guess there is a lot of news that could be correlated with the drop of Bitcoin and Ethereum, but I believe the most important one (not mentioned here) is the launch of IOTA. IOTA has reached $1.5 billion marketcap being in the top 10 crypto currency, and it threats all altcoins by its non-blockchain technology known as tangle. I believe that's the reason for the FUD and red markets today.
newbie
Activity: 98
Merit: 0
Any idea on why their prices are dropping in the past 3 to 5 days and are continue to do so?



Prices will fluctuate it's part of the stock. They will fall and rise. I personally will be reinvesting more during this fall.

In ETH and alts.
sr. member
Activity: 1498
Merit: 251
KUWA.ai
Any idea on why their prices are dropping in the past 3 to 5 days and are continue to do so?


The bankers already did FUD to the cryptocurrency users. All of this caused by the statement on the businessinsider site that makes those are feeling panic caused by it. I think the price will rebound again asap.
legendary
Activity: 2002
Merit: 1051
ICO? Not even once.
sr. member
Activity: 686
Merit: 251
I'm investigating Crypto Projects
Support of the bitcoin at 2200 (a strong wall) has crashed, now we are heading to the biggest support from 2000-3000$ area - 2000$. Strong Resistance seen on 2200$, replacing the former support, huge sell orders on 2200$.

I think the panic sell at 2000 may drive BTC to 1500 again.

If it hits $1500 buy , buy , buy!
full member
Activity: 872
Merit: 120
Support of the bitcoin at 2200 (a strong wall) has crashed, now we are heading to the biggest support from 2000-3000$ area - 2000$. Strong Resistance seen on 2200$, replacing the former support, huge sell orders on 2200$.

I think the panic sell at 2000 may drive BTC to 1500 again.
member
Activity: 298
Merit: 12
BTC is probably down due to the Bitmain debacle about hardforking on Aug 1 2017
https://blog.bitmain.com/en/uahf-contingency-plan-uasf-bip148/

ETH is probably down due to the whalepanda post
https://medium.com/@WhalePanda/i-was-wrong-about-ethereum-804c9a906d36

Pretty much everything else is probably being dragged down by the turmoil regarding BTC and ETH.
No worries, it'll recover in time. Smiley
full member
Activity: 174
Merit: 100
Prices go up and down. Nothing out of the ordinary. It has been going up for weeks now so a correction was imminent.
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
It's a global correction including the stock market so I guess everybody are affected with it and not just bitcoin and eth.

It may continue and it won't. Not all the time the price will be always at dip as it will make the people keep on buying.

And be ready as it will be rising soon.
full member
Activity: 350
Merit: 101
Any idea on why their prices are dropping in the past 3 to 5 days and are continue to do so?

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