Can Ethereum survive below 0.02 BTC per coin?

nikki4

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Quote from: Vishnu.Reang on August 04, 2019, 12:48:28 AM

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?

This pair ( BTC/ETH) wasn't good in the time 2013. But Ethereum covered the price to 0.114 in 2018. There is no doubt for Bitcoin limit supply, this could be more down. But when bullrun start again, Ethereum will cover lose. After Ethereum 2.0, this pair will rise from 0.0205 BTC per ETH.

X-ray

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Quote from: Dangki01021991 on November 24, 2019, 05:03:26 PM

As I think, Ethereum can exist less than 0.02 BTC per coin. But things will be difficult and they will lose a lot of things. Sad

Actually no, ethereum in the past even in its initial coin offering values a lot less than it is nowadays. Even if Ethereum could go under 0.02 BTC per coin it will not significantly affect the whole user and community. It's just a really usual things that happen to almost all of the altcoins to face massive dump and the top 10 altcoins still survive anyways.
It's like this. When the price of Ethereum signifcantly reduced people will try to buy because it feels like the Ethereum is kinda cheap and therefore adds more demand to the market. It's just a matter of time until it gets back up again.

traducteurTor

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All currencies are facing a lot of great difficulties. Ethereum is one of the biggest regrets because of the sharp decline. If at this rate I think it will still reduce the crocodile to more than 0.0205 BTC Angry

huu78

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Ethereum has fallen a few times in this bad market season. Whereas their project is often used by the developers of tokens to create an innovation and should make the benefits of Ethereum itself. Probably because the market now can not be in disturb and investors prefer to save their funds. Therefore the demand and the Supplynya different and make the price come down.

Pham_Kinh_Kong

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Ethereum's exchange rate has decreased over the past few months (compared to BTC), this number is not small. Even more so than other altcoins. I am very disappointed and sad about this.

Dangki01021991

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As I think, Ethereum can exist less than 0.02 BTC per coin. But things will be difficult and they will lose a lot of things. Sad

Lizzie_Girl

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Ether can survive at any price since we will always need it for tokens and gas fees. As long as tokens are around so will it be.

Quote from: fuguebtc on November 24, 2019, 02:22:16 PM

I think it's not ethereum alone that is bleeding almost all alt coin along with BTC are down n out. I dont think even 2.0 will bring any price betterment in ethereum. It's all in the hands of BTC, when BTC runs alt coins also run.

Yes, eth seems to go up with bitcoin. In fact all tokens and coins seem to follow this tread so maybe we must buy now that bitcoin is down and when it goes up we sell the altcoins that we bought now.

fuguebtc

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I think it's not ethereum alone that is bleeding almost all alt coin along with BTC are down n out. I dont think even 2.0 will bring any price betterment in ethereum. It's all in the hands of BTC, when BTC runs alt coins also run.

soulripper

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Quote from: InwardContour on November 23, 2019, 02:22:39 PM

Quote from: btcdie on November 21, 2019, 09:30:27 AM

Very difficult, a reason Ethereum ROI peaked significantly in 2017 because it was originally created as a smart contract, focusing on an industry that we usually call today (ICO) and in a time when supply needs continue to increase dramatically, quite the opposite today where inflation move just a little. It's not as easy as that liquidity in Ethereum, maybe if trends like ICO come and approach now make ETH as the beginning of the peak again, but unfortunately there are more competitors nowadays. I hope Ethereum 2.0 can fix this.

The reason why ETH price hasn't really soared recently is because there are competitors like you mentioned. Crypto enthusiasts now diversify and focus on other projects offering similar smart contract and DAPPs features. I remember when most ICOs will launch and ERC20 token since one can easily build tokens on Ethereum blockchain. But today project like NEO, WAVES, ICON, TRON, STELLAR LUMEN, just to mention a few can serve the same purpose. I think ETH 2.0 launch will draw more attention to Ethereum with time.

The competitors are very tight now and if ethereum didnt bring something new in their project im afraid that eth will going down and the rival will going up. I have used ethereum for long time now and yeah i do hoping to see ethereum will going to 1k$ per coin again someday.

InwardContour

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Quote from: btcdie on November 21, 2019, 09:30:27 AM

Very difficult, a reason Ethereum ROI peaked significantly in 2017 because it was originally created as a smart contract, focusing on an industry that we usually call today (ICO) and in a time when supply needs continue to increase dramatically, quite the opposite today where inflation move just a little. It's not as easy as that liquidity in Ethereum, maybe if trends like ICO come and approach now make ETH as the beginning of the peak again, but unfortunately there are more competitors nowadays. I hope Ethereum 2.0 can fix this.

The reason why ETH price hasn't really soared recently is because there are competitors like you mentioned. Crypto enthusiasts now diversify and focus on other projects offering similar smart contract and DAPPs features. I remember when most ICOs will launch and ERC20 token since one can easily build tokens on Ethereum blockchain. But today project like NEO, WAVES, ICON, TRON, STELLAR LUMEN, just to mention a few can serve the same purpose. I think ETH 2.0 launch will draw more attention to Ethereum with time.

percy_tc

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Quote from: davinchi on November 23, 2019, 12:38:59 PM

This has not only happened to Ethereum, but lots of coins in the market have also been going down lately. Even bitcoin price rate has dropped from the rate of $9000 plus to $7000, I was even thinking it will start to bubble from that rate, but it is the opposite. Other coins that I have been holding have decreased as well, the price of Stellar and Bitcoin cash, and a few others that I've been holding.

Se crazy predictions I have seen claimed that the price of Ethereum this year would be huge, but it seems they were all wrong. Mr. Schuster predicted that Ethereum is going to reach $100,000 per ETH and the whole market cap would reach $10 trillion, that's some crazy shiii right there. But I haven't given up hope yet, I'm still holding my ETH and maybe there will be a change in 2020. Albeit I've been seeing some economists saying that the doom of BTC and ETH is near, lol. They are fond of saying stuff like that when the price is going down to discourage people.

I never got the point to compare any alt agains fiat. Who cares that it is 150 usd? Only those who would like to exchange it to FIAT. If you beleive in ETH (or any crypto) compare it to BTC.

From that point ETH corrected a lot, this is still promising.

davinchi

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This has not only happened to Ethereum, but lots of coins in the market have also been going down lately. Even bitcoin price rate has dropped from the rate of $9000 plus to $7000, I was even thinking it will start to bubble from that rate, but it is the opposite. Other coins that I have been holding have decreased as well, the price of Stellar and Bitcoin cash, and a few others that I've been holding.

Se crazy predictions I have seen claimed that the price of Ethereum this year would be huge, but it seems they were all wrong. Mr. Schuster predicted that Ethereum is going to reach $100,000 per ETH and the whole market cap would reach $10 trillion, that's some crazy shiii right there. But I haven't given up hope yet, I'm still holding my ETH and maybe there will be a change in 2020. Albeit I've been seeing some economists saying that the doom of BTC and ETH is near, lol. They are fond of saying stuff like that when the price is going down to discourage people.

BeManga

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Quote from: Vishnu.Reang on August 04, 2019, 12:48:28 AM

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?

as of now, i think people are selling some of their ethereum because of the incoming bitcoin halving
holding bitcoin right now can be the right choice because it have high chance to get profit

Kambal2000

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Quote from: letyouearn on November 21, 2019, 06:41:01 PM

I think it will will be very difficult for Ethereum to get high now, when there are too many other good projects presented at the market. Watch Minter for example. As for me it has much more chances to make x10 from the current price.

Since Ethereum is independent with different projects then it will be very hard for it nowadays for it to maintain its price too, Ethereum is indeed stable and worth investing too. But, when the price of Bitcoin is dropping it has negative effect too. Hope that the founder of Ethereum would have something that will make Eth more usable so that it can adopt more users.

Webetcoins

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Quote from: yulionoo on November 21, 2019, 08:26:38 AM

I also don't understand why eth values continue to decline. I think maybe this is due to the many ICO projects that are scam and some ICO projects use the ethereum platform. if this time the ICO project is no longer trusted, the demand for ethereum will decrease and make its value go down. and also added at this time the value of bitcoin is also down, then the value of ethereum will also go down. if at the end of this year bitcoin dumps again maybe eth values will fall to 0.01 btc.

Whole digital coin market is going through a dump. Ethereum is facing same situation. However, you are true about how scam projects are hurting reputation of ethereum. People trust this coin and after experiencing a loss from a project which claims to be ethereum based, it is natural to lose trust in it. We just need to be a bit more patient at the moment. Everything will be fine after the halving takes place. bitcoin will rise and so will all the potential altcoins. Better is to increase the amount of holdings.

letyouearn

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I think it will will be very difficult for Ethereum to get high now, when there are too many other good projects presented at the market. Watch Minter for example. As for me it has much more chances to make x10 from the current price.

poornamelessme

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I wouldn't really worry about the price of ETH unless it falls significantly in relation to the price of other alts. Such as ETH drops to number 5-10, while tons of other alts zoom ahead. And based on this market, that seems extremely unlikely to happen even in a pump/dump scenario.

Shepard777

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Everyone who has been in the cryptocurrency industry for a long time knows that ETH cost so much for one simple reason and this reason is a bubble in the ICO market. Thanks to all this, the price of ETH has grown infinitely long and greatly. Now, to restore the previous maximum to BTC, big news is needed. And the fact that everyone thinks that after the "hardfork", which will be next year, the price will fly up, I don’t think so, it will just give the price a little increase, but in no case will not give such rapid growth as everyone expects.

Ozero

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In my opinion, ethereum can survive at any price, no matter how low it falls. However, I do not see yet the reasons why this coin can significantly fall in its price. On the contrary, we will soon see the results of introducing improvements to ethereum called Istanbul and Ethereum 2.0. I think that in the near future the price of ethereum, on the contrary, will increase.

MyIdeas

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Quote from: nutriagrigia on November 21, 2019, 10:30:04 AM

Quote from: HungryTigerGrouchyCrotch on November 21, 2019, 09:19:33 AM

2020 will be the year of BTC and ETH.
BTC will be pumped due to upcoming halving.
ETH will be pumped due to upcoming update ETH 2.0 + investors will be lured to staking.
And maybe, the world crisis will come and investors will look for alternatives.

So be positive in these hard days and cumulate more Bitcoins and Ethers

.

if this is the year of Bitcoin and Ethereum then around the majority of altcoins we will also see a lot of news and updates. if everything will be so good, then everyone who is now increasing their portfolios will become rich

All other coins which have solid business or a strong community will definitely rise in value because when bitcoin market gets good health then all the investors start to invest even in other good coins because they think now the crypto market is better. They all correlate the bitcoin market with the whole crypto market.

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