Can someone explain to me why did ETH drop after the merge?

S A KHAIR

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Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

Merger doesn't have any impact on ethereum? Who told you so and is he an expert or just an idiot who talks nonsense? Merger has a very positive impact on ethereum, in addition to reducing eth supply, it also makes eth eco-friendly when moving to POS. The only problem with eth is that the move to POS has become more centralized and this is disliked by many.

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Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

People are anticipating that ETH would pump after the merge but they didn't expect this was going to happen since we are still in a bearish market. It may not be a problem if Ethereum isn't following the trend of Bitcoin but the fact that most altcoins are following Bitcoin as the trend they will eventually follow no matter what they are expecting it's either pump or dump but unfortunately during the merge it was in the bear market. That's why most of them sell their investment instead of holding we can't stop them it's their choice.

first, because we're in a bear market, it's very hard to pump and one thing i don't know if people remember. prior to the merge, the ETH price also rallied and at one point hit over $2k in the pre-merger period. showed that people were caught up in the Fomo wave created by the sharks and it was not surprising that when the merge happened, people continued to expect higher prices but it ended up going in the opposite direction. everyone has high expectations so it will be very disappointing when it doesn't go as planned

I think it was a pump and dump and now people are locked in staking their ETH and the devs won't let them withdraw from the contract for frear that they will sell and ETH will go back under 200 dollars where it belongs. I don't get why you would stake Ethereum anyways when it only pays out 3.5-4.5% APY, especially considering that you can get up to 80%+ staking MAXX on MAXX finance or even staking a POS coin in your wallet, like NEAR protocol.

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Quote from: S A KHAIR on October 14, 2022, 12:16:17 AM

Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

Merger doesn't have any impact on ethereum? Who told you so and is he an expert or just an idiot who talks nonsense? Merger has a very positive impact on ethereum, in addition to reducing eth supply, it also makes eth eco-friendly when moving to POS. The only problem with eth is that the move to POS has become more centralized and this is disliked by many.

I think what he mean there is there aren't any "negative" impact. It won't be called a merge for no reason but there are noticeable effects on it on eth and few of them is already given above by you though I don't think the supply of eth have reduced but they only make it more known while it's true that proof of stake is more friendly to the environment than proof of work.

They say that the merge make eth more centralized but a lot of us won't really care at all because even before, we already consider eth to be like that (centralized) and this is why we avoid it at all cost. Those who wonder why eth price pumps and dumps didn't realize this yet.

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Quote from: WalkerIVIV on October 14, 2022, 01:49:52 AM

Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

True if that was on term of price. If we are talking about the future of ethereum and merge may have a good impact for long term. The only problem is demand got divided into some fork coins. I meant we have etc and ethw which were disturbing the ecosystem from ethereum blockchain. The bearish trend has been making the merge hype gone easily. that's merge already projected for long term impact

the problem is that people are just seeking for complete reaction these days when it is obviously setting a economic problem that affects everything in the world.

never look for easy reaction because this will end also soon , instead seek for a long term effect that may process the condition if Ethereum from supporters to attackers .

Ayers

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Quote from: Oceat on October 11, 2022, 06:41:49 PM

Quote from: NewRanger on October 09, 2022, 06:50:29 AM

Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

People are anticipating that ETH would pump after the merge but they didn't expect this was going to happen since we are still in a bearish market. It may not be a problem if Ethereum isn't following the trend of Bitcoin but the fact that most altcoins are following Bitcoin as the trend they will eventually follow no matter what they are expecting it's either pump or dump but unfortunately during the merge it was in the bear market. That's why most of them sell their investment instead of holding we can't stop them it's their choice.

first, because we're in a bear market, it's very hard to pump and one thing i don't know if people remember. prior to the merge, the ETH price also rallied and at one point hit over $2k in the pre-merger period. showed that people were caught up in the Fomo wave created by the sharks and it was not surprising that when the merge happened, people continued to expect higher prices but it ended up going in the opposite direction. everyone has high expectations so it will be very disappointing when it doesn't go as planned

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Quote from: Ani1985 on October 12, 2022, 12:47:13 AM

There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

True if that was on term of price. If we are talking about the future of ethereum and merge may have a good impact for long term. The only problem is demand got divided into some fork coins. I meant we have etc and ethw which were disturbing the ecosystem from ethereum blockchain. The bearish trend has been making the merge hype gone easily. that's merge already projected for long term impact

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Quote from: ||bit on September 28, 2022, 08:42:50 AM

Every process need some time for the complete circle.Like wise the pump in Ethereum also need some time after the merge.It doesn't men,it will not occur at all.And when the price of bitcoin was back to old value,the ethereum value also back to 2000 dollars.Many people holding the ethereum from 2020,by believe of good pump in the ethereum after the merge of ether.So just hold your ethereum for some more months.

The merge actually bring hype on ETH, during this hype the market moves differently from other market and now that the hype on merge is over, it is natural for the market to join the current trend. Since ETH is overbought during the merge hype, it is natural for the ETH market to undergo correction. Correction plus the current bear market, it is normal for the price of ETH to drop. And it will drop until it is completely corrected.

Aside from that the transition from PoW to PoS also has effect on how the seller sells ETH. Since it is cheaper to gain ETH, it is also possible that sellers will compete for buyer making them adjust their selling price lower. Unless ETH developer comes up with a great solution in the effect of the transition, we might see ETH to drop more.

Ani1985

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There is no reason besides the market conditions that are being bearish that makes the price of ETH drop after Merge, and many analysts say that Merge Eth does not really have any impact let alone affect investors to buy ETH, everything is normal because the market conditions that are still bearish make ETH drop after Merge.

Oceat

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Quote from: NewRanger on October 09, 2022, 06:50:29 AM

Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

People are anticipating that ETH would pump after the merge but they didn't expect this was going to happen since we are still in a bearish market. It may not be a problem if Ethereum isn't following the trend of Bitcoin but the fact that most altcoins are following Bitcoin as the trend they will eventually follow no matter what they are expecting it's either pump or dump but unfortunately during the merge it was in the bear market. That's why most of them sell their investment instead of holding we can't stop them it's their choice.

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Quote from: Lambe Ndumble on October 10, 2022, 05:48:10 AM

I think the market pressure that is still bearish is the reason why Eth drops when the merge process is successful, this does not only happen to ETH but almost all cryptocurrencies, but we do not panic because the market immediately improves the most important thing is to be patient for hold.

But there's that notion that it will be the catalyst when it happen but so far we see it wasn't as what we see after it goes live. I think the overall market worldwide has something to do with this and the crypto market was affected in it too. Always protect your capitals ladies and gentlemen maybe we haven't seen the horror yet.

RussianEnglishTranslation

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Quote from: Lambe Ndumble on October 10, 2022, 05:48:10 AM

I think the market pressure that is still bearish is the reason why Eth drops when the merge process is successful, this does not only happen to ETH but almost all cryptocurrencies, but we do not panic because the market immediately improves the most important thing is to be patient for hold.

Agreed. At least with Ethereum we can stake for 4% APY, and for others like NEAR and ICP 10-20% respectively. That's the best you can do to keep your head above water in a bear market.

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I think the market pressure that is still bearish is the reason why Eth drops when the merge process is successful, this does not only happen to ETH but almost all cryptocurrencies, but we do not panic because the market immediately improves the most important thing is to be patient for hold.

Lagduf

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Quote from: ||bit on September 28, 2022, 08:42:50 AM

Every process need some time for the complete circle.Like wise the pump in Ethereum also need some time after the merge.It doesn't men,it will not occur at all.And when the price of bitcoin was back to old value,the ethereum value also back to 2000 dollars.Many people holding the ethereum from 2020,by believe of good pump in the ethereum after the merge of ether.So just hold your ethereum for some more months.

Ethereum will never be pumped during the bearish trend, The bullish trend is a trend that will change everything in the market. Bitcoin does a small jump but ethereum does nothing at the same time. The problem is when people didn't even realize about the fact merge will not bring short term impact to the price and they must be patience for that.

Ararbermas

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

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?

its about what's happening in the market mate, so if you don't know the real situation of the growth of eth and you buy or sell of course you will be surprised what will be the results afterwards especially if its opposite to what you're expecting. Grin

"technical and fundamental analysis" that's the most important! Not buying when its on deep because that's not how it works.

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Quote from: bittick on September 28, 2022, 12:29:34 PM

the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

i think thats not only the reason, we have psychological reason in finance market which is said buy the rumour and sell the fact. this is also happen recently to ethereum , alot ethereum community or investors interested with its merge. alot rumour that will happen after its done , so when they see the fact no matter that bad or good taking profits will do by them. speculation were done and its time to take profits.

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Quote from: CuriousGeorge on September 28, 2022, 11:56:44 AM

Quote from: ||bit on September 28, 2022, 08:42:50 AM

Every process need some time for the complete circle.Like wise the pump in Ethereum also need some time after the merge.It doesn't men,it will not occur at all.And when the price of bitcoin was back to old value,the ethereum value also back to 2000 dollars.Many people holding the ethereum from 2020,by believe of good pump in the ethereum after the merge of ether.So just hold your ethereum for some more months.

In my opinion if that may takes years or until bitcoin already done with another halving. There's no signal from ethereum. It seems like cryto market will always be steady like this time. a small pump and dump already occured anytime. The only problem is once people started to believe if there would be no bullrun anymore and this will become a disaster. I hope that crypto will recover again and then people will be feeling so good with their assets.

There's no way that we could really say that confidence and trust of people had already done considering that Bitcoin is still sitting on top and ETH is on the next.Value might
really that low and could really be compared on previous prices but if we do speak about demand then we could really see that its still there.It is really just this season was
just totally been pointed out to be bearish.We cant really able to determine on whats the actual reason on why ETH had dropped its price after the merge
which im pretty sure that lots had been anticipating the other way around.

bittick

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the merge was indeed gets anticipated by many of eth fans, even though the rumour was definitely gives more impact in value of eth, I think the reason eth is instead losing its value after the merge is that it's the same reasoning like when btc halving occuring, the rumour of halving could increase the value meanwhile right at the halving event the value is decreasing instead. the rumour is already making the merge seems normal added with the fact that after the merge nothing significant truly occurred.

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Quote from: ||bit on September 28, 2022, 08:42:50 AM

Every process need some time for the complete circle.Like wise the pump in Ethereum also need some time after the merge.It doesn't men,it will not occur at all.And when the price of bitcoin was back to old value,the ethereum value also back to 2000 dollars.Many people holding the ethereum from 2020,by believe of good pump in the ethereum after the merge of ether.So just hold your ethereum for some more months.

In my opinion if that may takes years or until bitcoin already done with another halving. There's no signal from ethereum. It seems like cryto market will always be steady like this time. a small pump and dump already occured anytime. The only problem is once people started to believe if there would be no bullrun anymore and this will become a disaster. I hope that crypto will recover again and then people will be feeling so good with their assets.

||bit

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Every process need some time for the complete circle.Like wise the pump in Ethereum also need some time after the merge.It doesn't men,it will not occur at all.And when the price of bitcoin was back to old value,the ethereum value also back to 2000 dollars.Many people holding the ethereum from 2020,by believe of good pump in the ethereum after the merge of ether.So just hold your ethereum for some more months.

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Quote from: TheGreatPython on September 28, 2022, 05:44:29 AM

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?

In my opinion, this may have something to do with the public's distrust of Ethereum centralization. Because after the merger with the switch to PoS many people think Ethereum has violated privacy. If we talk about the state of the economy, one might say that overall but based on the OP thread focusing specifically on the impact of Ethereum after the merger. Because if the reason for economic conditions is not only cryptocurrencies, all investment assets experience a price collapse.

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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?

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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.

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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.

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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 .

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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.

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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.

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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.

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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.

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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.

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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.

bitterguy28

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i think it is over expectations ? and over hyping in advertising and news that people who truly invest in Etehreum are afraid of sideway effects so they took the funds out instead of letting it sit there till the merge?

I am not that sure because I keep my Ethereum on hold till now but like many of us? we are disappointed about the result but will still believe the coin and keep holding till the true effect of the merging takes place in which maybe not this soon?

blockman

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Everything is dropping today and I don't think that it's just all about the merge.

Quote from: andulolika on September 20, 2022, 11:16:55 AM

Could you explain why it would pump? Makes no sense, halving still years away, bitcoin dropping and on the side all the electricity expenses are no more, now can spend in yachts and lambos.

Usually if there are news like that, it's pushing people to buy the rumor and then will make them hold it for a while because of the positive result of it.
That was the expectation of many but it didn't go well. Anyway, I'll still hold it despite the news and everything because when the bull run comes, for sure it will be one of it.

asriloni

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Buying rumour and sell for the news is real for now. Ethereum merge gives nothing big to the ethereum ecosystem. It was only fixing unlimited supply and no more. Staking was not offering decent APY for the stakers that's why they are prefer to stake stable token instead of ethereum. Ethereum miners are also feeling so bad to find a new token that's worthy to be mined. This time the bearish market has been ruining the hype from ethereum and whole of coins in the market. People can't even aware if such thing happened if the news has no impact to the price at all.

bitcampaign

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hype over people selling ETH when news everywhere about the merger will make the price of ETH go up but unfortunately on the contrary the price of ETH drops drastically because those who buy early benefit from the news of the merger, but I think the crypto market hasn't entered a bull market yet so just wait for the time to come soon recover

ahmia39

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andulolika

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Could you explain why it would pump? Makes no sense, halving still years away, bitcoin dropping and on the side all the electricity expenses are no more, now can spend in yachts and lambos.

DudeAtWork420

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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?

ETH merger create a hype about ETH in the market. Many people was buying eth with a high price when the main crypto currency BTC was still in bearish. This was very predictable that something like this would happens because this was just a technological transformation of a network. This was a historical event for eth network but nothing significant for the price of eth to increase. People were just buying the hype.

Almasani

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Many miners have sold mining equipment because of the change in the Ethereum concept. Ethereum merge of course makes miners become disappointed with Ethereum at this time. Of course, by not being able to mine, the amount of Ethereum will be increasingly scarce, so people think the price of Ethereum will increase. But on the other hand, if Ethereum is currently still being tinkered with by its developers, then there is a high possibility that the same thing will happen in the future. I think Bitcoin is one of the current solutions. But if Bitcoin follows in Ethereum's footsteps, there is a possibility that Bitcoin will no longer be of value to investors. Maybe we need to understand the true meaning of decentralization.

OgNasty

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It is pretty common for investments with big events happening to see a runup in price before the event followed by a selloff after. It's commonly referred to as 'Buy the rumor, sell the news' and is exactly what occurred here. I suspect the pain won't be over until the ETH2 coins can be withdrawn from the staking contract and those investors are able to cash out. I believe the price was about 75% lower when a majority of those funds were staked, so I suspect that will lead to an even bigger drop as profit taking takes hold.

GreatArkansas

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Quote from: nurilham on September 19, 2022, 04:16:51 PM

The reason is simple, it is because Bitcoin price drops.
(....)

It's really the market, you just can't say Bitcoin. Because the event we had is about Ethereum and for me, even after The Merge event and Ethereum pumped, I expect that Bitcoin will pump too. But we went on the opposite side and the whole cryptocurrency market went down.
I am expecting this before, the pump happened already before the event and the sell of will happen after the event, "buy the news, sell the rumors".

FinneysTrueVision

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Up until now Ethereum is still mostly vaporware. There are many interesting things you can do with smart contracts but it's still mostly scams, pump and dump tokens, monkey jpgs and stuff like that. There was a lot of marketing and hype surrounding the merge but now that it actually happened there is nothing useful to do for most people besides speculating on price.

Scripture

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You sell the news, this is why many took their profit and this is the result.
We cannot expect an instant pump after the update, usually it will take months before we see progress and you should already know this because this is not new in cryptomarket.

milewilda

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Quote from: nurilham on September 19, 2022, 04:16:51 PM

The reason is simple, it is because Bitcoin price drops.
You must know that ETH price mostly follows Bitcoin's trend. If Bitcoin price drops, ETH price probably decreases as well although there is positive news about it. I think ETH price will begin to increase again if Bitcoin price is starting to increase again after the current drops. So, don't so much worried about the reason why no significant increase after we have ATH Merge.

Most of the time on which the current market trend will really be dragging off everything which that recent ETH merge or update didnt really make out some significant hype or interest which for it to cause for its price to rise up but instead it did really make out some significant drop which everybody wasnt really been expecting since everytime we do hear out about certain update or news then we do
usually accumulate coins as much as we could yet cant really be removed on someones mind that price might be shooting up afterwards or when the update is done.
We do have that kind of saying about "SELL the NEWS" where it did really happen but it eventually continues after the merge which would really boggle
up everyones mind on what the heck is happening.

Xal0lex

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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.

samcrypto

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There’s no hype during the merge because it happened already right before the update which is normal in this market, aside from this the market trend is not that good and we are still on a bear trend and there’s no other way for ETH but to follow the trend.

The merge is not a failure, it may take time before we feel the real result of that merge but I’m sure it will happen. Wait for the market to recovers, don’t panic and just keep on buying, cheaper price for ETH is a good opportunity to accumulate.

nurilham

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The reason is simple, it is because Bitcoin price drops.
You must know that ETH price mostly follows Bitcoin's trend. If Bitcoin price drops, ETH price probably decreases as well although there is positive news about it. I think ETH price will begin to increase again if Bitcoin price is starting to increase again after the current drops. So, don't so much worried about the reason why no significant increase after we have ATH Merge.

Captain Corporate

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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?

Topic: Can someone explain to me why did ETH drop after the merge? (Read 636 times)