Buy or Wait for the biggest dump of Ethereum - page 2.

ActiveP

full member

Activity: 210

Merit: 100

Quote from: n691309 on June 21, 2017, 12:10:57 PM

Quote from: Singwala on June 21, 2017, 10:31:14 AM

Ether is down almost 0.0125 btc or 10% down. please tell me if this a good time to buy or wait for the lowest pick thank you for answer

It's mostly a correction but consider that there are lots of people that are involved in ethereum mining based on the hardware market where there are lots of requests buying the motherboards, GPUs, PSUs. If you want to sell then I would advice to hold but if you need to buy then it's not a bad moment to buy as the price has been dropped a lot.

You are right, this may be a correction, but there is also speculation elsewhere that coinbase has been hacked.I dont think it is true, but there is some dumping of eth right now prompted by this rumour.

From coinbase; Investigating - We're investigating an issue with Ethereum sends and receives on the Coinbase platform. All Ethereum transactions will be delayed in the meantime. We appreciate your patience while we work towards a resolution.
Jun 20, 16:08 PDT

Other reasons could be the current congested network and outages because of extensive traffic.

RealPhotoshoper

legendary

Activity: 1050

Merit: 1001

Quote from: n691309 on June 21, 2017, 12:10:57 PM

Quote from: Singwala on June 21, 2017, 10:31:14 AM

Ether is down almost 0.0125 btc or 10% down. please tell me if this a good time to buy or wait for the lowest pick thank you for answer

It's mostly a correction but consider that there are lots of people that are involved in ethereum mining based on the hardware market where there are lots of requests buying the motherboards, GPUs, PSUs. If you want to sell then I would advice to hold but if you need to buy then it's not a bad moment to buy as the price has been dropped a lot.

I won't consider it as a correction when the eth price dropped down to 25% or so.
It could be the real dump and won't bounce back or corrected , i confident with my own analysis.
I see yeaaa a lot of people start planning and building miner to mine eth since last month and it is affected the market a little at least.

michkima

hero member

Activity: 896

Merit: 514

Quote from: Iranus on June 21, 2017, 11:58:10 AM

Quote from: 2bfree on June 21, 2017, 10:48:22 AM

10% is nothing it means nothing.

That's the problem with some people. They just speculate with no regard for fundamentals at all.

Previous dips recently have been brief lapses in this crazy bull market we're in, and have meant nothing even when being dips of >20%.

However this time a significant majority of hashrate had started signalling for SegWit x 2 (well signalling that they will signal for it when they need to). This makes the promise of low transaction fees on Ethereum meaningless. It doesn't mean that Ether will crash because people are just ignoring any real events, but it does mean that Ether will become irrelevant from the perspective of a currency.

Most cryptocurrencies other than Bitcoin are in the red right now. I would have shorted major alts when SegWit x 2 started being signalled, but it's a bit late now to tell how far it'll go.

Just sit tight and watch the market move. You'll probably find that Bitcoin goes up a lot in the next month or two.

That's how some people trade. Not really looking into anything, just gut feel. Now here comes OP just stirring up something which is supposed to be a normal thing in the cryptocurrency trading scene. Probably OP is just a newbie trying this out, well good luck trading to you.

passionsurf

hero member

Activity: 546

Merit: 500

It's always a good time to buy! Buy now, if it goes down buy some more. Especially when it comes to Ethereum, the price will go back up.

stromae

full member

Activity: 309

Merit: 100

Quote from: Singwala on June 21, 2017, 10:31:14 AM

Ether is down almost 0.0125 btc or 10% down. please tell me if this a good time to buy or wait for the lowest pick thank you for answer

Do you really consider 10% price movement as a serious one? And on ethereum? Oh dude, this is very common for the current conditions of the market. There is nothing to worry or hurry.

Taki

hero member

Activity: 1078

Merit: 514

I am not a ETH profi, but there is an opinion that the best strategy today is to hold currency, there are many opinions here on the forum that after fork 2.0 all coins will sky rocket.
And about 10% fall I can say you that it's not a reason for panic or selling your founds. I would sell on the point -20%

Yanisumin

hero member

Activity: 648

Merit: 502

I'm crypto world, prices being down by 10% is not surprising. Because of lacking of legality ang proper laws and regulations and transparencies to transactions as well as government trusts, the prices here depends on the people here so that's why no proper institution to regulate the price and the varying prices is always to be expected in a few more years, it maybe go down deep or soar high. Buy what you can afford and hold what you can afford to lose.

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: Singwala on June 21, 2017, 10:31:14 AM

Ether is down almost 0.0125 btc or 10% down. please tell me if this a good time to buy or wait for the lowest pick thank you for answer

It's mostly a correction but consider that there are lots of people that are involved in ethereum mining based on the hardware market where there are lots of requests buying the motherboards, GPUs, PSUs. If you want to sell then I would advice to hold but if you need to buy then it's not a bad moment to buy as the price has been dropped a lot.

Iranus

hero member

Activity: 1792

Merit: 534

Leading Crypto Sports Betting & Casino Platform

Quote from: 2bfree on June 21, 2017, 10:48:22 AM

10% is nothing it means nothing.

That's the problem with some people. They just speculate with no regard for fundamentals at all.

Previous dips recently have been brief lapses in this crazy bull market we're in, and have meant nothing even when being dips of >20%.

However this time a significant majority of hashrate had started signalling for SegWit x 2 (well signalling that they will signal for it when they need to). This makes the promise of low transaction fees on Ethereum meaningless. It doesn't mean that Ether will crash because people are just ignoring any real events, but it does mean that Ether will become irrelevant from the perspective of a currency.

Most cryptocurrencies other than Bitcoin are in the red right now. I would have shorted major alts when SegWit x 2 started being signalled, but it's a bit late now to tell how far it'll go.

Just sit tight and watch the market move. You'll probably find that Bitcoin goes up a lot in the next month or two.

2bfree

sr. member

Activity: 686

Merit: 251

I'm investigating Crypto Projects

10% is nothing it means nothing.

michkima

hero member

Activity: 896

Merit: 514

Quote from: Singwala on June 21, 2017, 10:31:14 AM

Ether is down almost 0.0125 btc or 10% down. please tell me if this a good time to buy or wait for the lowest pick thank you for answer

This is not really unusual. You can check the charts and see for yourself. This is normal in most altcoins and even in bitcoins. The volatility doesn't stop at just -10%. Some of them even drop by 20% in an hour. I would advise you to try and predict the bottom of that dump and buy from there. Though I would be hard if you are inexperienced.

Singwala

sr. member

Activity: 462

Merit: 260

Ether is down almost 0.0125 btc or 10% down. please tell me if this a good time to buy or wait for the lowest pick thank you for answer

Topic: Buy or Wait for the biggest dump of Ethereum - page 2. (Read 1713 times)