Can Ethereum survive below 0.02 BTC per coin? - page 6.

Vishnu.Reang

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Quote from: microbb8 on August 10, 2019, 01:06:08 AM

Other altcoins also fell very much. It seems that people invest only in bitcoin, and other altcoins try to hold on or not fall in price.

The drop in Ethereum prices may be due to the ICOs dumping their ETH holdings. But no such justification exists there for the drop in other altcoin prices. Litecoin prices have crashed heavily during the past couple of weeks, despite the recent block reward halving. Bitcoin forked coins are not safe either. BCH lost as much as 45% of its USD value in two months.

microbb8

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Other altcoins also fell very much. It seems that people invest only in bitcoin, and other altcoins try to hold on or not fall in price.

nemey

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Catena X

This is no matter for the Ethereum to be under 0.02BTC, At this rate, ETH can still move up and reaches better price again. However, of course, it will make some people worried about the crypto market. ETH is worthy altcoin and this is one of the trusted cryptos in the world. ABout survive or not, many believe that ETH will always survive in any condition, at least it has experienced its nightmare in 2018, 2ith very dropped price

mr_random

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Altcoin capitulation was predicted by me but it escalated quickly than my timing schedule. ETH dumped and the price is heading down to the old support level. My next target is around 140$ but it will a blood bath for the altcoins. Never catch the falling knife in volatile crypto market. Otherwise, the market will do its job and losers will continue to lose as usual.

akram143

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I think in this type of situation the dominance from the Bitcoin more than the ethereum to be serve so I think in anything now situation it make the sense to be valuable but the possibility of everything is happened in this time.

Febo

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

Can Ethereum survive below 0.02 BTC per coin?

It can survive under 0.0002 BTC per coin. Why not? I dont see any reason why not. There will be less miners since they will switch to other coins. Cryptocurrencies are super resilient. They can survive a lot. Yes there will be less development, but that is it. If Etehreum is useful for something then development will pick up again 5 years from now. It is simple.

Irvinn

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Quote from: InwardContour on August 09, 2019, 12:47:57 PM

True believers of Ethereum won't be so bothered about the price at this time, since there is hope for the future. Drop in price is only normal since crypto is highly volatile, this can happen to any other coin. Moreover, the drop in ETH price is not extremely bad, soon I believe there will be an uptrend. With the upcoming events for ETH, I'm optimistic that holders will smile in the long run.

I completely agree with your opinion, because I am confident in the ethereum and in the development team that are really working on improving their project. What is happening on the cryptocurrency market today, it is quite possible that this is the beginning of something more, and for this to happen, correction should be made not only for the prices of the entire cryptocurrency, but also for ethereum in particular. Perhaps it is precisely today that Ethereum occupies a special position in the cryptocurrency market, so that independently, without the influence of Bitcoin, it will continue to develop and it is possible to influence all erc20 coins.

InwardContour

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Yes, I strongly believe ETH price will be up again with time. The major reason why it's this way is because Bitcoin dominance keeps increasing, that's why ETH market cap and price dropped considerably. We should be more concerned about the development aspect of ETH because definitely the price will bounce back in my own opinion. Being below 0.02 BTC doesn't mean it's never going to rise again, we've seen similar situations in the past, it's a repeated cycle.

InwardContour

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True believers of Ethereum won't be so bothered about the price at this time, since there is hope for the future. Drop in price is only normal since crypto is highly volatile, this can happen to any other coin. Moreover, the drop in ETH price is not extremely bad, soon I believe there will be an uptrend. With the upcoming events for ETH, I'm optimistic that holders will smile in the long run.

poornamelessme

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Quote from: Vishnu.Reang on August 09, 2019, 10:09:13 AM

The prices have fallen another 5% during the past 24 hours. Altcoins, including Ethereum are behaving like falling knives... None of the users are courageous enough to pick up the falling knife.... Just 2-3 days back Ethereum was trading at 0.02 BTC per coin and now it is trading at 0.0179 BTC. For me, ETH is very much done. Done and dusted.

If ETH is done and dusted, so is the entire altcoin market. Which could very well be possible, nobody knows. But as you say, the entire altcoin market are behaving like falling knives.

If it was just ETH crashing, then yeah, it could be done. If it's the entire market, either the market is done, or when it recovers, so should ETH.

dungp3132

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If you closely look at price chart of Ethereum in the ETH/BTC pair, looking backwards to 2017, and early of 2018, you will see that Ethereum now has nearly repeated its history pattern. Fractal movements of Ethereum have come closely to end period, so the coin will rocket soon. I think if altcoin season comes, Ethereum might move closely to around 0.06 BTC for one Ethereum coin.

Karlinz

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The eth/btc pair is still digging deeper and may eventually find diamond, lol. Holding eth from the outset was a big disappointment as btc outshined it against majority of investors expectations that the event of 2017 will repeat itself. The etherium bull run though not certain yet, I am expecting it to occur later this year or early 2020

Javi_Anibarro

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Quote from: Vishnu.Reang on August 09, 2019, 10:09:13 AM

The prices have fallen another 5% during the past 24 hours. Altcoins, including Ethereum are behaving like falling knives... None of the users are courageous enough to pick up the falling knife.... Just 2-3 days back Ethereum was trading at 0.02 BTC per coin and now it is trading at 0.0179 BTC. For me, ETH is very much done. Done and dusted.

It's not that nobody is courageous enough but instead, they are waiting for the golden opportunity. We can not just do the trade once it goes down, but we need to set a strategy and making a backup plan once the market shows an unpredictable action. Did you remember how low it's 3 years ago? compared to before, it's still too high.
as long as it does not go to 0, everything is fine.

CryptoIyke

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I am seeing eth to get 0.015btc as it's support and all time low for this year, in 2017 its lowest was at 0.008btc and looking at the chart, a similar occurrence is what is seen and it is normal, eth bull season will come but not so soon

jthor

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Quote from: bigcash2011 on August 08, 2019, 02:58:40 PM

Have to agree that eth btc pair is under pressure which is not a good thing for eth accumulators but in the end i think eth is going to explode next year both in btc and usd pair, so i will still suggest my friends not to panic and hodl, patience will definitely pay off if you are holding eth.

This pair has always existed and always ethereum depended on bitcoin. Well, I think that this is a very correct decision. Because they must be independent. Yes, the leader needs only a regulator.

Vishnu.Reang

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The prices have fallen another 5% during the past 24 hours. Altcoins, including Ethereum are behaving like falling knives... None of the users are courageous enough to pick up the falling knife.... Just 2-3 days back Ethereum was trading at 0.02 BTC per coin and now it is trading at 0.0179 BTC. For me, ETH is very much done. Done and dusted.

poornamelessme

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Quote from: bkbirge on August 08, 2019, 03:00:58 PM

Hard to predict, the upgrade event you'd think would be priced in already but it's not a certain thing, and even if achieved it's not certain how people will take to it. So I think it is quite possible to have a pretty big price effect either way when it is upgraded rather than for example LTC which has little price effect at the recent halvening because everyone had already priced it in their expectations.

Doesn't seem to be priced in to me, as besides the low price of the coin, the upgrade isn't as well known as larger events (like the ltc halvening) and an exact date hasn't been determined yet. It could be mid or late 2020 for all we know, and in crypto-time, that's probably too far ahead to price it in.

If the upgrade does arrive early 2020, I think pricing in may start to occur Oct/Nov this year -- if BTC remains stable. Problem is pricing in anything in a falling market where folks are scared BTC will go insane at a moment's notice. But who really knows, it's all guesswork at this point.

Pet240

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There is need for new developmental plan, that will help increase the satoshi value of ethereum. Though it has plunged, I am optimistic that before this year ends, it will puck up again. There is no need to lose confidence in it yet. However, bitcoin might also continue to grow.

jthor

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I think that ethereum will not go down. Especially before your upgrade. On the contrary, it should grow in price and gain popularity. I am sure that Ethereum will come out of the captivity of Bitcoin.

bkbirge

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Hard to predict, the upgrade event you'd think would be priced in already but it's not a certain thing, and even if achieved it's not certain how people will take to it. So I think it is quite possible to have a pretty big price effect either way when it is upgraded rather than for example LTC which has little price effect at the recent halvening because everyone had already priced it in their expectations.

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