Ethereum Dump 20% Main reason ? | Bitcointalksearch.org

FractalUniverse

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Quote from: Singwala on June 25, 2017, 10:23:19 AM

Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?

coz pumpers and ICO scammers squeezed huge profits out of this shit and are going out Grin

Its over move on
lets have a minute of silence for those poor n00bs who put all their savings in near the top Roll Eyes

you made someone filthy rich

http://www.zerohedge.com/news/2017-07-10/one-trader-made-200m-trading-ethereumand-nobody-knows-who-tax

NaXxow

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As if only ETH drops its current price drastically. As you can see, not only ETH is affected, big names are also heavily affected this week. Almost all coins in top 100 crypto are being pushed down, I am expecting this til next month.

playingpoodles

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Three reasons.

1. People were flipping out of Bitcoin into Eth as Bitcoin scaling dispute just drew on and on - now Segwit 2x will activate, scaling is solved, people are flipping back. This is the most important reason.

2. Ether developers often stuck their money loving fingers into numerous what I consider to be semi-fraudulent ICO offerings (I'm not saying fraudulent as I don't want to be sued for defamation). All that Eth raised by the clever and quick in these ICOs does not want to stay in Eth, it wants to go to USD, so there's constant sell pressure to convert Eth raised in ICOs into USD.

3. There was an altcoin bubble and it's over. The whole market save Bitcoin is significantly correcting down after a huge run up.

Quote from: Singwala on June 25, 2017, 10:23:19 AM

Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?

head.arrow

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main reason is people start panic selling
i never panic i plan to hold it till 2018 jan

its great time to buy more

vinc3

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Make Love Not War

eventually price will be set once august 1 is over,. hopefully it wont leave many crypto-fanatics crying. hoping for the best.

andreibi

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It's a market correction and also those projects which received the ICO funds have to cash out to fiat to be of use.

Lagduf

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Quote from: sezyumx on June 26, 2017, 05:04:30 AM

A negative development ? Why all the coins dropping.

It caused by those fucking flippers try to bloat the ethereum network, and it contains more transaction. The network can validate the transaction for fast and the more transaction gets stuck in the ethereum network. The flippers must be stopped.

sezyumx

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A negative development ? Why all the coins dropping.

ethereumhunter

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Quote from: gabmen on June 26, 2017, 04:50:10 AM

Of course this is just a temporary set back and is normal with altcoins. Eth has a good foundation and a good team so same as btc, indon't have any reason to doubt that it will definitely bounce back. The more good reason now for eth supporters to buy.

the price will be back normal like before like you said. but for now, i think we will see the hard situations which almost altcoin is down too deep. we can see that not just eth is down, but the other coins have the same situation, all we can do is make backup buy order or just waiting for a while and later we can see the price is getting up again.

gabmen

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Of course this is just a temporary set back and is normal with altcoins. Eth has a good foundation and a good team so same as btc, indon't have any reason to doubt that it will definitely bounce back. The more good reason now for eth supporters to buy.

evermarkets

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Hi there -- long time listener, first time caller.

As a developer, I've been doing a lot of reading and testing on Ethereum over the last few months. The idea of smart contracts is a great addition to the evolution of crypto-currencies and I am fully supportive, however there are many issues of scaling which are still being addressed by the community. I believe Ethereum's scaling pains surfaced with some recent ICOs. Transactions queued up, many would be buyers were left in the dark, and it just left a sour taste in people's mouths. Probably a temporary dip IMHO, as these scaling limitations were and are well known, so really no new information came to light.

Of course, it could just be profit taking and selling pressure. As a trader (I mainly trade commodity futures), I will oftentimes see big dips in the price on no news. Crude oil has been taking a beating lately, for example, and there are many intraday dips where many levels of the book are wiped out just because some whale decides it's time to sell. Hard to predict, hard to explain. Just part of the game.

cryptocosta

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I did not understand how you calculated that 20% dump? yes agreed ether has came down relatively since few days.

CraigWrightBTC

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Quote from: Singwala on June 25, 2017, 10:23:19 AM

Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?

The main reason why ethereum's price is dumping because there are problem on ethereum's network until right now
the developer of ethereum doesn't do anything about this problem because of it,
many traders think that is bad and sell ethereum is best choice because trend of ethereum's price is down
so they must stop lost right now or will be more losing money.

desticy

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Because LTC have been joined the war of throne.

ArdiPrabowo

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etherum down price , because one week until now still problem transaction
transaction confirmation is very long time

bitcoinbox

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So far so good

-20% is nothing abnormal for a coin like ETH. Also if you have a look at the charts, it went up too high, too fast so this is a correction and I think it is very healthy for ETH. In a few weeks/months it will go up again. It is a cycle.

layoutph

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Just want to share my thoughts on this. Ethereum dropped because it is a part of its lifecycle chart. Checkout the previous chart of ETH from its daily frame. You will notice that it needs to drop to proceed going up.

If you buy a bulk of ETH from the top, dont sell it. Just HOLD, in 3 to 5months it will go up again.

Quote from: Singwala on June 25, 2017, 10:23:19 AM

Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?

Rahar02

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Quote from: dothebeats on June 25, 2017, 10:48:19 AM

Profit booking and potentially buying new GPUs with those numbers. Most of the time whenever a certain coin (like bitcoin) hits a bullish run, most traders will get all their profits and re-enter the maeket for more money. Losing 20% of its price within hours is no surprise seeing that it gained almost 500x in a span of >1 year.

Indeed, without any bad events or news that affects ethereum, it seems investors trying to cash out their investment and set buy orders at cheaper price, purely for profit obviously. Only traders or some people who knows how much it will decrease and when it will start to recover. I will convert ethereum, buy some new GPUs or diversify to another investment and buy back later.

shinratensei_

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Quote from: Singwala on June 25, 2017, 10:23:19 AM

Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?

http://www.cnbc.com/2017/06/21/ethereum-drops-15-percent-demand-growing-pains.html

Remember the flash dump on the bitfinex just give a lot of attention for those are traders to put the lower order to prevent another flash dump will come from the ICO account. A lot of the big ICO in this month that gives the massive adoption to the blockchain to gain the more transaction to flip their money through the ICO. That makes the blockchain to be bloated.
The more transaction gets stuck in the network.

Question123

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We dont know wthe main reason. But I think why ethereum dump because most of the traders have ethereum for sure decided to sell their ether. But dont worry for sure the pricr pf ethereum will back again to the price of 350 dollars and for sure it will increase at $500 in the month of july. So uts better if you buy ethereum now because if many traders see ethereum dump they might be interest to invest in ethereum so the price will increase again.

Topic: Ethereum Dump 20% Main reason ? (Read 2031 times)