Topic: Ethereum Dump 20% Main reason ? - page 2. (Read 2031 times)
Natural correction of an overheated rally. Something that rises that fast will definitely go down as fast.
The real reason is because it was artificially pumped for more than 40 times almost. I see no reason for this happening except that many people in their home have build mining computers with the sole purpose to mine Ethereum, maybe that give it the big pump but now this is not news anymore. I am waiting for Ethereum price to go down to where it belonged before the pump.
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.
Yeah, profit taking. That's the only explanation I can think of, and it's usually the only one you need when you get a dip like this. Prices rise and fall, only with more volatility in crypto. This big money has to have come from people who normally wouldn't invest in crypto. Bankers, mom & pop type people. There's been a lot of new money behind all this craziness. And yeah, people are going to be buying the dips too, so we're probably in for another moon shot. 
If you're planning to buy ETH, do it as close to August 1 as possible when many or possibly the majority of BTC holders will pull their BTC coins off the online exchanges... Then most of the crypto market will most likely crash and it will be a good time to buy. That's what I think anyway.
we'll know long before then whether there's a split or not. the likelihood is somewhere around nil right now. no one wants it no matter who they are.
Taking profit is what is forcing ethereum price down. Though ethereum has fall 20% since last week I think this provided another opportunity to buy. Don't see this as any bad things has happened to ethereum than normal market behaviour. Once again, best time to buy ethereum is now!
If you're planning to buy ETH, do it as close to August 1 as possible when many or possibly the majority of BTC holders will pull their BTC coins off the online exchanges... Then most of the crypto market will most likely crash and it will be a good time to buy. That's what I think anyway.
never think you know how the market will go, no one knows what will happen. i think crypto still strong maybe not as big gains but still growth.
If you're planning to buy ETH, do it as close to August 1 as possible when many or possibly the majority of BTC holders will pull their BTC coins off the online exchanges... Then most of the crypto market will most likely crash and it will be a good time to buy. That's what I think anyway.
ETH is not wall street ... is cryptocurrency... -20% is normal.... -50% is normal ..... -50% today and +250% tomorrow is normal in this world 
because it rose more than 40x in a few months with no real justification. it ain't 40x better than it was in march.
maybe people are starting to question how it can deserve such a high value.
maybe people are starting to question how it can deserve such a high value.
I am so sure why there is a continuing bearish market attitude towards Eth right now but maybe it is because of what happened with the StatusCoin ICO where the Ethereum network was rendered frozen due to the huge number of transactions at the same time. That event exposed a weakness in Ethereum and it was an unfortunate one but am sure Eth leaders and developers looked into it with some serious face.
Personally, I am not that worried with Eth because it is actually following the trend for Bitcoin as it is getting stuck where it is now while waiting anxiously for the August One event. Eth can get back on track soon and it is the right time to buy more Eth as the price is lower than the $390 level last week.
Bitcoin and Ethers are two good crypto to trust and hold.
Personally, I am not that worried with Eth because it is actually following the trend for Bitcoin as it is getting stuck where it is now while waiting anxiously for the August One event. Eth can get back on track soon and it is the right time to buy more Eth as the price is lower than the $390 level last week.
Bitcoin and Ethers are two good crypto to trust and hold.
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.
Ethereum dump almost 20% What is the main reason why ether is dumping now please any one here explain Why ?
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