Author

Topic: Ethereum is plunging (Read 422 times)

sr. member
Activity: 420
Merit: 250
September 15, 2017, 02:00:57 PM
#6
What do you mean by eth is plunging do you only see the price of eth being down didn't you notice btc has fallen by $1k , xmr fell by $40 , ltc by $30 and all the other coins has drastically fallen the reason behind is obviously china banning exchanges and this has caused lot of panic selling to occur.
Is this permanent? No luckily this effect will last till Sept 30 or even further until china makes new regulation for btc or maybe just adopt it with better laws.
We cant still be sure on what would be the plans of China ahead regarding on cryptoworld either on Bitcoin or on altcoins.Price are dipping now but not totally permanent this one of the things that normally happen on this crypto.If theres a bad news later on there would be a good news its just like that and it is not always we are only on price decrease,recovery would really comes after always.
In the world of crypto decline like this is very common, but look at the charts in the past few years, which you say is true, we can not only hear good news, but bad news will also appear, and see what will happen next month.
Definitely bitcoin prices above $ 5k
hero member
Activity: 1065
Merit: 510
September 15, 2017, 10:03:46 AM
#5
What do you mean by eth is plunging do you only see the price of eth being down didn't you notice btc has fallen by $1k , xmr fell by $40 , ltc by $30 and all the other coins has drastically fallen the reason behind is obviously china banning exchanges and this has caused lot of panic selling to occur.
Is this permanent? No luckily this effect will last till Sept 30 or even further until china makes new regulation for btc or maybe just adopt it with better laws.
We cant still be sure on what would be the plans of China ahead regarding on cryptoworld either on Bitcoin or on altcoins.Price are dipping now but not totally permanent this one of the things that normally happen on this crypto.If theres a bad news later on there would be a good news its just like that and it is not always we are only on price decrease,recovery would really comes after always.
sr. member
Activity: 420
Merit: 250
September 15, 2017, 09:49:25 AM
#4
Ethereum is plunging following reports China could ban cryptocurrency trading, what do you think ?



China is indeed the biggest investor in cryptocurrency, but this is a natural thing, because they buy bitcoin from $ 400, naturally if they forbid cryptocurrency trading, because they already get a lot of profit, I think the Chinese people make stupid news, that just a sneaky reason.
It's best to keep altcoins, and wait for a good price to sell your coins
hero member
Activity: 826
Merit: 1004
September 15, 2017, 09:47:10 AM
#3
What do you mean by eth is plunging do you only see the price of eth being down didn't you notice btc has fallen by $1k , xmr fell by $40 , ltc by $30 and all the other coins has drastically fallen the reason behind is obviously china banning exchanges and this has caused lot of panic selling to occur.
Is this permanent? No luckily this effect will last till Sept 30 or even further until china makes new regulation for btc or maybe just adopt it with better laws.
member
Activity: 70
Merit: 10
September 15, 2017, 08:39:26 AM
#2
Percentage wise against USD its falling no more or less than BTC, so dont buy theres anything exceptional with ethereum happening atm that isnt affecting all crypto. But the first run on BTC for the day just started so crossing fingers for the market!
hero member
Activity: 966
Merit: 500
September 15, 2017, 08:35:31 AM
#1
Ethereum is plunging following reports China could ban cryptocurrency trading, what do you think ?


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