Can someone explain to me why did ETH drop after the merge? - page 2.

TheGreatPython

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In my opinion, the external conditions that make the performance of cryptocurrencies include decreased ETH, the awaited merge process has been completed and successful, but the factors that determine the market, namely the global economic condition, are the causes of why the price of ETH and Cryptocurrencies continues to decline, but I'm sure if the storm is finished then we are immediately partying.

The world was getting so many disasters in a row starting from the covid pandemic then followed by the war triggered by rusia and then so many recession that happened with various countries. I do agree with your if people must aware if the world is not fine for now.
The climate to invest is decreasing due to the various reason that makes people's life become even harder from day to the another day

We have been in those economic conditions even before but why did eth manage to climb up before the merge happened? Can you explain that? I think I have to agree on those users above who said that the cause of the fall are manipulations done by the whales but I don't believe that people are too busy to forget what they must do. They just want to continue hodling thinking that the rise can also continue but sh!t happens unfortunately.

Anyway, this was not the end of eth so we shouldn't despair too much only because of this. The merge is still kinda new so maybe the effect isn't fully felt yet, lets just wait for some time okay?

kotajikikox

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In my opinion, the external conditions that make the performance of cryptocurrencies include decreased ETH, the awaited merge process has been completed and successful, but the factors that determine the market, namely the global economic condition, are the causes of why the price of ETH and Cryptocurrencies continues to decline, but I'm sure if the storm is finished then we are immediately partying.

every part of market are affected from the global economic , from crypto market to stock market and all investments areas are being in bad condition so for me it is the timing of the merging that does the effect.
people tend to expect highly that they did not anticipate the condition of the world and this is the reason for what we are seeing now.
but for the expectation from each investors? is depend in how you managed to deal with, either you sell or buy? it is depending on your views.

posi

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Quote from: peter0425 on September 25, 2022, 10:26:23 PM

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Quote from: peter0425 on September 23, 2022, 03:07:33 AM

Quote from: jesselui on September 23, 2022, 02:42:40 AM

For me, the most important reason was time. The timing was wrong in my opinion. With inflation so high and the crypto world in general red, removing it wouldn't just bring the bull season, of course. Therefore, it cannot meet the expectations.

well I think it is , the timing is really bad and instead of investors getting in? they chose to keep distance and many have sold their funds instead of holding so this really effects the increase in price, but there are expectation to come in the coming months so meaning the increase may be delay yet? we will be having our chances to buy now and keep holding till those time comes.

Exactly, the timing was wrong. Sometimes the price increases will not come immediately after the merger occurs, but they can be delayed for a period of time. We are not only in a bear season but also in an economy full of uncertainty, which has never happened before, so ethereum's reaction is understandable, as we are in a tough spot. But ETH being dumped is not necessarily a bad thing, we have the opportunity to buy eth cheaply there is no reason to be disappointed, eth is still a worthy investment in the long run.

and people over expected about the merge in which being abused by whales, they took the advantage to dump the market and make fool of the investors and then eventually bump it and they will be the profiting .
but with so much happening in this merging? ethereum stays dumping till this time of typing.
so in general? it will took long again for the event to come and taste the profit of our investments .

It has to be said that people were so excited about the ETH merge that they didn't even notice that the whales were watching them and attempting to turn them into whale food, while they were so busy concentrating on the ETH merge.
This market is manipulated by thousands of whales big and small out there so such big events often become the target of profit-taking for whales with lots of pre-spread FoMo effects.
Many people were very disappointed with the ETH merger and they sold off ETH as soon as it didn't go as expected, and the whales have been waiting for this for a long time.

peter0425

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Quote from: peter0425 on September 23, 2022, 03:07:33 AM

Quote from: jesselui on September 23, 2022, 02:42:40 AM

For me, the most important reason was time. The timing was wrong in my opinion. With inflation so high and the crypto world in general red, removing it wouldn't just bring the bull season, of course. Therefore, it cannot meet the expectations.

well I think it is , the timing is really bad and instead of investors getting in? they chose to keep distance and many have sold their funds instead of holding so this really effects the increase in price, but there are expectation to come in the coming months so meaning the increase may be delay yet? we will be having our chances to buy now and keep holding till those time comes.

Exactly, the timing was wrong. Sometimes the price increases will not come immediately after the merger occurs, but they can be delayed for a period of time. We are not only in a bear season but also in an economy full of uncertainty, which has never happened before, so ethereum's reaction is understandable, as we are in a tough spot. But ETH being dumped is not necessarily a bad thing, we have the opportunity to buy eth cheaply there is no reason to be disappointed, eth is still a worthy investment in the long run.

and people over expected about the merge in which being abused by whales, they took the advantage to dump the market and make fool of the investors and then eventually bump it and they will be the profiting .
but with so much happening in this merging? ethereum stays dumping till this time of typing.
so in general? it will took long again for the event to come and taste the profit of our investments .

babygun

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Quote from: TimeTeller on September 25, 2022, 06:39:55 PM

I think the simple reason here is that btc is going down a lil bit, and so with the other alts.
Remember, most alts, eth is not exception, are just following the btc trend.
But I believe, if btc is going up, eth will also rise. The good thing is eth has very good foundation.
So for me, there's nothing to worry about. Unlike most alts, they will continuously go down if the dev team won't do anything about their developments.

The crypto market is in decline the last couple of weeks so indeed when BTC dropping, every other coin including ETH will also drop. Before the merge, the price of ethereum went up quite a bit and afterwards, we saw an expected drop (it always goes like that when a major event happens for a crypto coin). There is nothing really to worry about.

TimeTeller

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Quote from: bittick on September 25, 2022, 04:24:47 PM

basically the rumour is already making the value of eth increases like really a lot, meanwhile right when the moment the merge is realized, the value instead is going down, since the momentum already happened at the rumour and right at the merge, mostly people are instead liquidating their eth and it seems mostly they are moving over to the other coins for investments that they deemed better. I guess the merge is just like halving where the rise of value occured before the event itself.

I think the simple reason here is that btc is going down a lil bit, and so with the other alts.
Remember, most alts, eth is not exception, are just following the btc trend.
But I believe, if btc is going up, eth will also rise. The good thing is eth has very good foundation.
So for me, there's nothing to worry about. Unlike most alts, they will continuously go down if the dev team won't do anything about their developments.

bittick

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basically the rumour is already making the value of eth increases like really a lot, meanwhile right when the moment the merge is realized, the value instead is going down, since the momentum already happened at the rumour and right at the merge, mostly people are instead liquidating their eth and it seems mostly they are moving over to the other coins for investments that they deemed better. I guess the merge is just like halving where the rise of value occured before the event itself.

Xal0lex

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Quote from: kawetsriyanto on September 21, 2022, 06:47:17 PM

Quote from: Xal0lex on September 19, 2022, 04:24:44 PM

Everyone expected explosive growth after the merger, just as everyone expected growth after bitcoin's halving. People started buying ETH to make money on the event. Merger happened, nothing important happened in ETH price, consequently people began to get rid of ETH, large amount of coins was sent to exchanges again and this caused the price to go down. Everything is standard and such scenarios in cryptocurrency are not rare. People buy assets in anticipation of some kind of event and then a dump occurs after that event.

Indeed. It is because people don't really understand what the merge is. They think it is the same as BTC halving, but it is not.
People bought ETH because of the good issue about ETH development, sadly they don't know what exactly the development is. Since the merge is nothing to do with the price, surely there is no significant increase in ETH price. Well, people who bought ETH before the merge, must hold their ETH now. It is decreasing a lot along with the decrease in BTC price.

But still some managed to make money on this event. Buying ETH was justified in July, when ETH was worth about $1,050 to $1,100. Since then, it began to grow, when Buterin announced the final date of the merger, ETH continued to grow due to increased demand. Before the merger, these investments yielded nearly 70% returns. For an asset that has a huge capitalization and a great price, 70% in 2.5 months is a great result.

mindrust

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By the rumors, sell on the news. This is what trading about. Now the hype is gone, there is no more reason left for it to go up especially when everything is bearish, eth is not an exception. Everything is going down against the dollar. Gold, stocks, crypto, other foreign currencies... Eth isn't something something special so it is going down too. The merge probably had little effect on the price anyway. I don't think so many people cared about it in the first place.

bounceback

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Logically price should go up but due to mentions reason below counter effects may happen. Investors buy the news and sell the fact, after the merge news investors and financial organizations have already bought Eth and they sell right after the fact when it happens. For obvious reasons, price goes down and those who bought at last stage have to sell cheaper with loss.

The merger that has been done for ETH should be able to help push the coin price up because the merger event is the thing that ETH users have been waiting for all this time, I agree as you mentioned that the price decline experienced by ethereuem now after the merger possibly caused by investors where they sold simultaneously after the event, causing panic among the market and eventually making many people decide to sell it so as not to suffer losses.

Bitstar_coin

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More like buy the rumor sell the news kind of thing, before the merge eth price gain some momentum but after the merge the price drop coupled with btc price also dropping.
To me i think the merge thing was over hyped with no specific reason for it to bring a price pump other than the network has shifted to POS, is that really enough reason for a price pump?

peter0425

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Quote from: jesselui on September 23, 2022, 02:42:40 AM

For me, the most important reason was time. The timing was wrong in my opinion. With inflation so high and the crypto world in general red, removing it wouldn't just bring the bull season, of course. Therefore, it cannot meet the expectations.

well I think it is , the timing is really bad and instead of investors getting in? they chose to keep distance and many have sold their funds instead of holding so this really effects the increase in price, but there are expectation to come in the coming months so meaning the increase may be delay yet? we will be having our chances to buy now and keep holding till those time comes.

jesselui

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For me, the most important reason was time. The timing was wrong in my opinion. With inflation so high and the crypto world in general red, removing it wouldn't just bring the bull season, of course. Therefore, it cannot meet the expectations.

Tony116

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That's how the market works, no one can predict. people bought ethereum before the merge because everyone believes that this big event will give a big hit to ethereum and they can make a profit, if the market is so simple and predictable, who will be the losers for us to take profits?

The merge event can be considered as ethereum's biggest event ever, having a strong impact on the development of etherem in the long run. The sharks took advantage of this event to create Fomo for their own gain, so it is not surprising that the price of ethereum is not what people expect.

harizen

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Quote from: Captain Corporate on September 19, 2022, 01:44:22 PM

It looks like all the signs for it to go up was there, and for some reason it went down.

What signs? Can you share those signs that the ETH price is supposed to go up prior to and after the merge?

Quote from: Captain Corporate on September 19, 2022, 01:44:22 PM

Normally when something like this happens, the price goes up and even about this, back in 2020 december the price went up because phase 0 of this started, even caused all the coins to go up at the time, we were hyped about everything back then and we hyped this as well.

That's the wrong mindset. What happened is executing a part of the technology.

There's no direct effect in terms of the market price.

Quote from: Captain Corporate on September 19, 2022, 01:44:22 PM

By all means this could have been the start of the bull run, its such a great thing and for some reason people just disliked it, why?

Simply, it's hard to build hype on the current market trend. The merge happened in the middle of the considered "bear market" that's why it's difficult for those who will attempt to pump the price to trigger the bullish movement.

We should not look at the current price but rather the good effect of the merge in the long run.

n0ne

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When the merge got completed the entire transition to POS happened. As a result the ethereum holders tend to sell their holdings. This eventually affects the market, now once again people find a way to stake buying at lower price. Other than this, there were predictions that the merge won't happen perfectly. But things happened good, so there is not much of disturbance. If not, that too could've affected the market.

diffract

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I'd attribute it to many factors.
- Miners were hit hard so they needed to sell their bags and find something else to mine/do.
- Some people value PoW and quit ethereum out of principle
- There are some concerns that Eth became not censorship resistant, especially after Tornado Cash
- Some people just wanted the EthPoW airdrop

This is a global market and you only saw or heard just the small fraction of it that was bullish.

kawetsriyanto

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Quote from: Xal0lex on September 19, 2022, 04:24:44 PM

Everyone expected explosive growth after the merger, just as everyone expected growth after bitcoin's halving. People started buying ETH to make money on the event. Merger happened, nothing important happened in ETH price, consequently people began to get rid of ETH, large amount of coins was sent to exchanges again and this caused the price to go down. Everything is standard and such scenarios in cryptocurrency are not rare. People buy assets in anticipation of some kind of event and then a dump occurs after that event.

Indeed. It is because people don't really understand what the merge is. They think it is the same as BTC halving, but it is not.
People bought ETH because of the good issue about ETH development, sadly they don't know what exactly the development is. Since the merge is nothing to do with the price, surely there is no significant increase in ETH price. Well, people who bought ETH before the merge, must hold their ETH now. It is decreasing a lot along with the decrease in BTC price.

Silberman

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Quote from: Captain Corporate on September 19, 2022, 01:44:22 PM

It looks like all the signs for it to go up was there, and for some reason it went down. Normally when something like this happens, the price goes up and even about this, back in 2020 december the price went up because phase 0 of this started, even caused all the coins to go up at the time, we were hyped about everything back then and we hyped this as well.

Merge causes the miners to no longer mine and sell it, it causes people to stake and buy more to earn more, so not only it got rid of a reason to sell, but it actually gave a reason to buy, and yet people are selling their ETH, why? I am checking to see a logical reason, but so far I have failed to find a logical reason for it. By all means this could have been the start of the bull run, its such a great thing and for some reason people just disliked it, why?

To me this is a case of “buy the rumors, sell the news” you are correct when you say that people were expecting for the price of ethereum to go up after the merge and as such they began buying ethereum in anticipation of this, however once the event happens you are not going to necessarily watch a positive movement, and once it became clear that ethereum was not going to go up in value then all of those speculators decided to sell their coins and this pushed the price of ethereum down.

jaberwock

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Quote from: Captain Corporate on September 19, 2022, 01:44:22 PM

It looks like all the signs for it to go up was there, and for some reason it went down. Normally when something like this happens, the price goes up and even about this, back in 2020 december the price went up because phase 0 of this started, even caused all the coins to go up at the time, we were hyped about everything back then and we hyped this as well.

Merge causes the miners to no longer mine and sell it, it causes people to stake and buy more to earn more, so not only it got rid of a reason to sell, but it actually gave a reason to buy, and yet people are selling their ETH, why? I am checking to see a logical reason, but so far I have failed to find a logical reason for it. By all means this could have been the start of the bull run, its such a great thing and for some reason people just disliked it, why?

Huh what signs? I think what you see are only the excitement of the people or the hype. I know that can make the price go up but there is no guarantee that they will sustain that feeling and maybe those people gets discouraged right after the merge was done, that is why they dump their eth.

It's normal for every coins to go up in the month of December for some reasons and it has nothing to do with the merge. There is no need for them to sell their eth if they want to try staking. That will only delay their time. I believe that no one dislikes a bull run but even the price of eth didn't dump last time, I still don't think that we will witness a bull run.

Topic: Can someone explain to me why did ETH drop after the merge? - page 2. (Read 623 times)