Ethereum (ETH) Continues To Underperform

masterrex

full member

Activity: 1820

Merit: 107

Quote from: bbc.reporter on September 09, 2018, 09:16:49 PM

I offer a 3rd theory.

EOS, which has massed $4 billion from their year long ICO, are liquidating their ETH to buy USDT and bitcoins, which also causes the USDT issuer to issue more because of high demand. In time once all the ETH the EOS team is holding have been liquidated, they will move to step 2. Pump EOS from the billions in USDT and bitcoin they control and make EOS the 2nd most valuable cryptocoin.

Where can I download an easy to use EOS wallet? hehehehe.

Ethereum’s dismal performance has led some to ask what is causing such a drastic sell-off. At the time of writing, there currently are two primary theories that attempt to explain why the price of Ether is tumbling.

First, the introduction of a new BitMEX ETH perpetual swap contract, which allowed traders to short the price of ETH with up to 100x leverage in a similar manner to the XBT (BTC) BitMEX contract. As pointed out by Cryptoeazy on Twitter, since the arrival of the perpetual contract in early August, the price of Ether has fallen by 57%.

Although this hasn’t been confirmed, this statistic has led some to speculate that the arrival of the contract allowed pessimistic traders to weigh down on the price of ETH. Twitter user CryptoBat wrote: “Bitmex is the worst thing that has happened to ETH.”

Secondly but not least is the ICO sell-off factor, with many claiming that projects have begun to liquidate their war chests, which are often full of Ether, into fiat, leading to the current collapse of the market, not only ETH. As per data from Santiment, a foremost crypto analytics provider, projects have spent over 100,000 ETH in the past week, likely selling their holdings on exchanges en-masse, logically leading to a market drop like the one seen this week.

Read in full https://ethereumworldnews.com/ethereum-continues-underperform/

This is the worst time for Ethereum users and Hodlers due to this "Mass Dumping" from the Huge and Establish platform in the Market. As we notice after the slight recovery during the week Ethereum has started to return below $200 dollars level. And the worst is it will affect also on altcoins that using Ethereum Blockchain. This is a kind of double burden in my case because i'm already lossing on Ethereum and im also lossing on some Ethereum base Altcoin. but still im hoping to recover soon.

voztata

hero member

Activity: 998

Merit: 504

Quote from: bbc.reporter on September 09, 2018, 09:16:49 PM

I offer a 3rd theory.

EOS, which has massed $4 billion from their year long ICO, are liquidating their ETH to buy USDT and bitcoins, which also causes the USDT issuer to issue more because of high demand. In time once all the ETH the EOS team is holding have been liquidated, they will move to step 2. Pump EOS from the billions in USDT and bitcoin they control and make EOS the 2nd most valuable cryptocoin.

Where can I download an easy to use EOS wallet? hehehehe.

Ethereum’s dismal performance has led some to ask what is causing such a drastic sell-off. At the time of writing, there currently are two primary theories that attempt to explain why the price of Ether is tumbling.

First, the introduction of a new BitMEX ETH perpetual swap contract, which allowed traders to short the price of ETH with up to 100x leverage in a similar manner to the XBT (BTC) BitMEX contract. As pointed out by Cryptoeazy on Twitter, since the arrival of the perpetual contract in early August, the price of Ether has fallen by 57%.

Although this hasn’t been confirmed, this statistic has led some to speculate that the arrival of the contract allowed pessimistic traders to weigh down on the price of ETH. Twitter user CryptoBat wrote: “Bitmex is the worst thing that has happened to ETH.”

Secondly but not least is the ICO sell-off factor, with many claiming that projects have begun to liquidate their war chests, which are often full of Ether, into fiat, leading to the current collapse of the market, not only ETH. As per data from Santiment, a foremost crypto analytics provider, projects have spent over 100,000 ETH in the past week, likely selling their holdings on exchanges en-masse, logically leading to a market drop like the one seen this week.

Read in full https://ethereumworldnews.com/ethereum-continues-underperform/

It’s underperforming since this year began of course, but this shouldn’t be strange cause it does happen in most investments. The price was down since this year began but look at it now its already recovering after hitting $100+. Just today I checked and the price is up to $232.34 or so, it has been showing signs of going up since last week and I hope that continues, other cryptocurrencies are doing the same. Let’s hope that before the end of this year that price increases again.

bitcoinpeople3

newbie

Activity: 93

Merit: 0

Might be so for a while, but it won't remain like that for a really long time, trust me. I believ so much in this coin, and while a lot of people might be thinking that it is underperforming, I think that it is preparing itself, for a moon shoot, and I'm preparing myself for that moment also. This isn't going to be the end of ethereum.

3x1t

member

Activity: 233

Merit: 10

ETH has become very interesting alt coin for me for during the last time when it ws so valuable and promising in the past. I think that it will get the hight again but now its current changing is not inderstood by me at all. I consider its restoring will be difficult so much.

3x1t

member

Activity: 233

Merit: 10

ETH has become very interesting alt coin for me for during the last time when it ws so valuable and promising in the past. I think that it will get the hight again but now its cuurrent changing is not inderstood by me at all. I consider its restoring will be difficult so much.

Nggedebus

sr. member

Activity: 770

Merit: 250

I think the result of the strategy from Ethereum team already starting to fruit.
In the last few days, the price of ETH starting to rise gradually.

Om George Kesurupan

newbie

Activity: 210

Merit: 0

I am also sure that the ethereum course is preparing a strategy. with the decline of that happening. of course the team will not be silent, and will not allow this to continue to happen.

levvv

member

Activity: 532

Merit: 17

Quote from: bbc.reporter on September 09, 2018, 09:16:49 PM

I offer a 3rd theory.

EOS, which has massed $4 billion from their year long ICO, are liquidating their ETH to buy USDT and bitcoins, which also causes the USDT issuer to issue more because of high demand. In time once all the ETH the EOS team is holding have been liquidated, they will move to step 2. Pump EOS from the billions in USDT and bitcoin they control and make EOS the 2nd most valuable cryptocoin.

Where can I download an easy to use EOS wallet? hehehehe.

Ethereum’s dismal performance has led some to ask what is causing such a drastic sell-off. At the time of writing, there currently are two primary theories that attempt to explain why the price of Ether is tumbling.

First, the introduction of a new BitMEX ETH perpetual swap contract, which allowed traders to short the price of ETH with up to 100x leverage in a similar manner to the XBT (BTC) BitMEX contract. As pointed out by Cryptoeazy on Twitter, since the arrival of the perpetual contract in early August, the price of Ether has fallen by 57%.

Although this hasn’t been confirmed, this statistic has led some to speculate that the arrival of the contract allowed pessimistic traders to weigh down on the price of ETH. Twitter user CryptoBat wrote: “Bitmex is the worst thing that has happened to ETH.”

Secondly but not least is the ICO sell-off factor, with many claiming that projects have begun to liquidate their war chests, which are often full of Ether, into fiat, leading to the current collapse of the market, not only ETH. As per data from Santiment, a foremost crypto analytics provider, projects have spent over 100,000 ETH in the past week, likely selling their holdings on exchanges en-masse, logically leading to a market drop like the one seen this week.

Read in full https://ethereumworldnews.com/ethereum-continues-underperform/

Basically, ETH is the coin for ICO. Once ICO is over, the company will sell their coin to USDT and use it to operating fees in their company.
When EOS selling ETH, no wonder that the ETH price is falling quickly in the past months because the collected amount is huge.
Let just hope there are more big ICO project so the investors doesnt afraid to buy ETH in massive amount.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: vrabac68 on September 14, 2018, 06:59:04 PM

Dont look at that. It will recover. Etherium is big in the world and second most liquid currency. The majority of finance executives believe cryptocurrency will be a significant part of the future of finance – despite the fact the crypto market has dropped over 70% in total market value since the beginning of 2018. You will see big rebound by ETH very very soon

Agreed that Ethereum might recover. But we cannot deny that there are real people, presumably EOS, behind this market selling pressure on ETH to keep its price down, while supporting their own cryptocoin and preparing to pump it to 2nd place in market capitalization.

reggram

newbie

Activity: 42

Merit: 0

At present, the market performance of Ethereum is really poor. The price has dropped a lot, but I am still full of confidence in Ethereum, because I feel that the entire cryptocurrency market is now at a low point. I am patiently waiting for the recovery of the market. I believe that the long-term holding of the ether The workshop will surprise me.

vrabac68

member

Activity: 364

Merit: 10

Dont look at that. It will recover. Etherium is big in the world and second most liquid currency. The majority of finance executives believe cryptocurrency will be a significant part of the future of finance – despite the fact the crypto market has dropped over 70% in total market value since the beginning of 2018. You will see big rebound by ETH very very soon

coinbirds

full member

Activity: 588

Merit: 104

Ethereum will bounce back and recover soon as this massive dump cannot last forever.
It is a valuable coin and this was only a small negative episode in it`s history.

Rrtt

member

Activity: 378

Merit: 10

Quote from: Bttzed03 on September 13, 2018, 07:55:05 AM

Well that is some theory Grin

Nobody really knows but it could be true though that EOS have been liquidating a lot of eth they got from the ICO.

It could be verified with transaction code and if they could not produce that, it will remain a theory and speculation that EOS is doing that.

bbc.reporter

legendary

Activity: 3010

Merit: 1460

Quote from: bitcoinhunter888 on September 14, 2018, 02:45:13 PM

People are blaming whoever they can for the fall of ETH but honestly, I feel that ICOs are the one to blame here. After dumping massive amount of ETH on to the market the liquidity of ETH was massively affected and that is why it has been seeing constant drop during the bearish market.

This is not blame. This is only a theory based on facts. The EOS development team holds $4 billion in ETH, not stored in their wallets anymore, but moved to Bitfinex and maybe in 2 other exchanges. What would the purpose of sending those coins to the exchanges be?

EOS' balances of ETH are held in exchanges since August or possibly before that.

https://diar.co/ico-treasury-balances/

Also, read the article I shared in this thread.

https://bitcointalksearch.org/topic/eos-crashing-ethereum-4333347

The possibility of truth based on evidence is clearer now more than before.

Raheemolu

newbie

Activity: 56

Merit: 0

Honestly speaking, ethereum has recorded the worse performance in this year 2018. But thankfully enough, I think it's trying to rise back which means there is still hope.

kingzpro

member

Activity: 756

Merit: 13

DIFX - Digital Finacial Exchange

Although i read the news that thousands of eth were sold in last couple of weeks by some icos that caused selling pressure and resulted in major decline but im glad to see that eth has rejected the price and has reversed from the bottom and now im optimistic that eth is destined to grow big now.

Eddyc

sr. member

Activity: 1020

Merit: 391

The market rivalry seems a bit distant it is not probably likely that the big holders of Ethereum will let this happen and i believe the number is gigantic. In the aspect of adoption EOS needs to be purchased day-to-day and this generates demand time that Ethereum has acquired. Now i have nothing against EOS and also support the project and have some investments in it, but is this visible maneuver feasible?

Coin-1

legendary

Activity: 2618

Merit: 2304

The ERC20-token EOS was born on the blockchain of Ethereum and this promising project already migrated onto its own blockchain about five months ago. I suppose that this crypto currency will develop and evolve, and a new easy-to-use EOS wallet will be created soon. Nevertheless, currently Ethereum is the most useful coin in the ICO industry.

I don't see any solid reasons why the ETH price tumbled on the crypto exchange markets recently. Personally I treat this falling as a general collapse of altcoins.

By the way, Ethereum has bounced back to $220 (+7%), although other altcoins are still at low levels.

faithofb

newbie

Activity: 238

Merit: 0

It is through to that ethereum is underperforming. But recently it rises from $167 currently to $203, atleast it is a little bit showing sign of relevance.

Slimztee

newbie

Activity: 126

Merit: 0

Despite the beating ETH has gotten in the last month plus, I think it will still remain the second best coin after BTC for a long time. The much touted EOS is a bunch of confusion despite having a year long ICO and collected some money from the investing public. Creating a new wallet on EOS is such a tall order, they have a lot to fix before thinking of taking over the market share of ETH

Topic: Ethereum (ETH) Continues To Underperform (Read 289 times)