Reason behind Etherium price falling - page 5.

TwoSides

newbie

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ETH at $8k rate is still acceptable in my opinion although it dropped so much than BTC in the past few days. We're probably just expecting that it'll go back to $1k rate after the major dip weeks ago.

Quote from: Yuuto on February 23, 2018, 06:05:15 PM

I guess it's because of the slowdown of the ICO hype.

Since ETH is the primary platform on which the ICO tokens are issued on, when ICO hype dies off it obviously means that ETH will be less attractive to investors as well. That's just how it works. Also bitcoin dominance has been pretty low, and it's just returning to its normal level. ETH being the second largest crypto has a lot to do with the bitcoin dominance going to all time lows, and now the trend is reversing.

Just normal market volatility. Not everything follows past performance.

Hope this is the real reason. There's a lot of ICO's here and there and it would be good for it to slow down since some of them only becomes scam afterwards.

crestella

jr. member

Activity: 252

Merit: 1

Reason behind ethereum price falling ? The price of ethereum down is not an excuse, it is not usually the first and second, it is a crypto market game where altcoin prices can go up and down every day.

Apened

hero member

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Quote from: showbiz111 on February 23, 2018, 02:23:01 PM

Why is the price dropping so much right now?
The price usually goes with the trend, it can go down or it can go up regards of the outbreak of news. - It usually take upto 3–5 days for bad news or good news to influence the market.

If you would do a thorough research you will discover that the news trending now is that many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar) which is a good development for etherium. Wink

Reason is volatility and a healthy trend line. If you will going to check closely and conclude that ethereum has a big rise and stay up at 0.1btc per Ethereum before it dumps it is related to bitcoins price a healthy correction that's the most important any coin can stay in a range of price and can dump or pump it depends on its history chart how it goes to that price. Another reason is bitcoins dominance not all the time ethereum can be reversing with price of bitcoins it can resist the dump but not the big pump.

Yuuto

hero member

Activity: 644

Merit: 501

Quote from: showbiz111 on February 23, 2018, 02:23:01 PM

Why is the price dropping so much right now?
The price usually goes with the trend, it can go down or it can go up regards of the outbreak of news. - It usually take upto 3–5 days for bad news or good news to influence the market.

If you would do a thorough research you will discover that the news trending now is that many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar) which is a good development for etherium. Wink

I guess it's because of the slowdown of the ICO hype.

Since ETH is the primary platform on which the ICO tokens are issued on, when ICO hype dies off it obviously means that ETH will be less attractive to investors as well. That's just how it works. Also bitcoin dominance has been pretty low, and it's just returning to its normal level. ETH being the second largest crypto has a lot to do with the bitcoin dominance going to all time lows, and now the trend is reversing.

Just normal market volatility. Not everything follows past performance.

rodskee

full member

Activity: 2520

Merit: 204

Quote from: showbiz111 on February 23, 2018, 02:23:01 PM

Why is the price dropping so much right now?
The price usually goes with the trend, it can go down or it can go up regards of the outbreak of news. - It usually take upto 3–5 days for bad news or good news to influence the market.

If you would do a thorough research you will discover that the news trending now is that many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar) which is a good development for etherium. Wink

maybe you a have a point or the whales play it to pump and dump because ethereum are now popular and the price become hugable according to your thoughts more projects plan for the etehreum, i think nothing to worried for the etehreum price so what are waiting for because now is the right time to buy ethereum sooner you can earn huge profits if the project plans of every country for the ethereum become succesful all ethereum holder's also become succesful.

marks1976

sr. member

Activity: 893

Merit: 250

Quote from: showbiz111 on February 23, 2018, 02:23:01 PM

Why is the price dropping so much right now?
The price usually goes with the trend, it can go down or it can go up regards of the outbreak of news. - It usually take upto 3–5 days for bad news or good news to influence the market.

If you would do a thorough research you will discover that the news trending now is that many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar) which is a good development for etherium. Wink

All of ethereum correction caused by the bitcoin itself. As you can see ethereum gets more drop than bitcoin but it looks something good hgive anohter waves to the ethereum itself.
Due to the bitcoin transaction fees decreasing a lot and people are thinking it's better than ethereum but they are forgetting about the purpose of etheruem itself to provide future technology rather than the blockchain only for actual payment system.

bogacola

member

Activity: 406

Merit: 12

That's quite normal given the fact pre-sale buyers are selling right now with x profits. Interest is got to be HUGE to cover that selling pressure, and it just can't be huge this much time after launch.

sedou

newbie

Activity: 224

Merit: 0

Ether is doing just fine right now compared to the morning. I do not think it is fluctuating too much considering what is going on in the market and BTC.

Hawker

legendary

Activity: 1218

Merit: 1001

Today there is a lot of speculation, the market is a bit unstable, but it will be back in a short time.
Ethereum will be$ 2000 this year guys.

acorcos

sr. member

Activity: 453

Merit: 250

Quote from: showbiz111 on February 23, 2018, 02:23:01 PM

Why is the price dropping so much right now?
The price usually goes with the trend, it can go down or it can go up regards of the outbreak of news. - It usually take upto 3–5 days for bad news or good news to influence the market.

If you would do a thorough research you will discover that the news trending now is that many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar) which is a good development for etherium. Wink

I really like panic on a high 4 digit level. Seems like all cryptos are heavily inflating because of hedge funds stepping into the party.

blacktux88

member

Activity: 308

Merit: 10

there is no reason to be shocked of eth price,,, the hole market was going down with the btc fall...
the regulation part is nothing new in cryptocurrecy ..

last yeaer the prices went up at july- august to dezember...

willl be a interessting year 2018

rupesh2

newbie

Activity: 182

Merit: 0

ether price was 0.03 btc few months back then it got stable at 0.05 btc and its ATH in recent months was 0.12btc .

so as per me 0.07 or 0.08 btc is good price for ether if it get stable there .

if you concerned for dollar price then entire market recovering phase , so its ok .

showbiz111

newbie

Activity: 45

Merit: 0

Why is the price dropping so much right now?
The price usually goes with the trend, it can go down or it can go up regards of the outbreak of news. - It usually take upto 3–5 days for bad news or good news to influence the market.

If you would do a thorough research you will discover that the news trending now is that many countries are trying to regulate and embrace blockchain technology. - More and more projects are starting to get built on Ethereum because it’s the most secure and reliable to use - Venezuela issued its first oil backed cryptocurrency on Ethereum (Petro Dollar) which is a good development for etherium. Wink

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