Why Ethereum around 300 while Bitcoin had recovered to 4400

andrei56

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Quote from: joinfree on October 08, 2017, 03:52:01 PM

If you look at coinmarketcap right now, you will notice that all ERC20 tokens are in red numbers right now, nobody knows the real reason of this problem.
But we all know that when bitcoin goes up, all altcoins go down for a bit, and then they recover again, but it takes some days to make it happen.
Anyway, ethereum is going up again, maybe not to $400 like it was before, but it will be in some time.

I do not think it is a great mystery, china banned icos, and Chinese investors were an important part of the market, so naturally who is the most affected by this, ETH since it benefited the most from the speculative market, bitcoin does not use icos but it seems people found a way to create bitcoin related currencies with forks.

thedarksun

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Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

The price in this case is most likely dependent on popularization and the fact that the coin is "short" on the market, since its recent value was barely over $ 10.

shirokumo

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A lot of countries decided to regulate/ban ICOs, which directly affects Ethereum but not Bitcoin

deztroyr1

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Quote from: hiramofTyre on October 02, 2017, 08:59:57 PM

Wait for the hardfork and the price will definitely rise. comparing the price surge of bitcoin and eth is like comparing apples with oranges.

it has been a little bit disappointing to see the price of eth getting stuck or even dropping.
does anyone have a link to a good article about this hardfork? this is the first time im hearing of it Shocked

andrei56

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Quote from: Nalienn on October 08, 2017, 01:01:43 PM

Quote from: andrei56 on October 08, 2017, 12:47:55 PM

Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

The banning of icos coming form china affect ethereum a lot more than it affected bitcoin, how many icos are running over bitcoin and how many are running over ETH? You have your answer, besides many icos gave bonuses to those that bought with ETH and the sparked demand, but with icos banned in china the demand for those bonuses has decreased as well.

The only people who really care about the China crackdown are those that run the Chinese government.

People care that is why you saw the price to get that low, but after sometime passes and the uncertainty in the market ends then things return to normal, people were shocked and scared but after some days bitcoin regained its value and now the value has reached an all time high.

desmodiAN

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i agree with posts above. ico regulation in china had impact on eth. ico regulations will continue in other countries too. so less eth needed atm. bitcoin going for a fork means people speculate on free alt coin.

barbara44

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Quote from: Wandika on October 08, 2017, 09:57:15 AM

Quote from: Sniper44 on October 08, 2017, 07:50:29 AM

coins like etehreum that are pumped can never hold their prices so obviously they will struggle hard to keep the price up around 300 and slowly they slip down toward their doom Cheesy

Ethereum have a lot's of future and still used by many like ICO's it may decrease at some point and didn't reach to high amount but it's less volatile than other alts.

That is why Eth is placed at second place after bitcoins. All altcoins are so much volatile that means when there is a dip they can recover at much faster than other coins like bitcoin does. So that makes altcoins stand at second place. But as far as ETH is concerned, it has somehow stable than other altcoins but still it have to make much progress.

viralz

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I think it is the right time for ETH to recover,
It was due to manybthings that ETH falling,
China ICO ban was probably the biggest one,
Currently market seems optimistic now

asriloni

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Quote from: MintCondition on October 08, 2017, 03:34:34 PM

Quote from: Zadicar on October 08, 2017, 01:22:17 PM

Quote from: richjohn on October 08, 2017, 01:17:46 PM

Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

Simply because ETH and BTC aren't related. If Bitcoin is appreciating that never means ETH will increase too. Rather opposite happens to altcoins when Bitcoin appreciates, then altcoins usually experience a dip as happening right now. But, gradually they recover from the drop and start attaining momentum along with bitcoin. Regarding ETH, it is way too different from Bitcoin and has its own price driving factors. They both have their own market and fluctuate independently of each other.

You are correct which ETH and BTC prices are not correlated to each other which means they do freely move without depending of each other.There are really different driving factors why do price behaves on that way.If we do try to see on the price of bitcoin as of now it did actually reach up again and break 4500 price which is really great which i do suspect that the upcoming fork is the main reason.

Yup btc is in $4.5k again which may continue to grow this week. If another fuds will be made from the hard fork that will let the users specially newbie panics then dips may happen again and be a time for ETH to have some move.

But ethereum already broken $300 resistance and this time the price of ethereum stay in above $305 which determined as a good way to the ethereum. I should think the price of ethereum will be following the bitcoin regarding the bitcoin and ethereum hardfork in this month.

Nalienn

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Quote from: joinfree on October 08, 2017, 03:52:01 PM

If you look at coinmarketcap right now, you will notice that all ERC20 tokens are in red numbers right now, nobody knows the real reason of this problem.
But we all know that when bitcoin goes up, all altcoins go down for a bit, and then they recover again, but it takes some days to make it happen.
Anyway, ethereum is going up again, maybe not to $400 like it was before, but it will be in some time.

It's not a problem. It's how reality works. It's called "market liquidity" for a reason, because market movements happen in waves (up and down motions) and mimic those of a liquid.
There simply is no asset that just goes up or down all the time. Nearly every token and coin in the crypto market goes red or green every other day in unison. There's also no obvious correlation between BTC and other coin prices that can be relied on 100% of the time.

joinfree

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If you look at coinmarketcap right now, you will notice that all ERC20 tokens are in red numbers right now, nobody knows the real reason of this problem.
But we all know that when bitcoin goes up, all altcoins go down for a bit, and then they recover again, but it takes some days to make it happen.
Anyway, ethereum is going up again, maybe not to $400 like it was before, but it will be in some time.

Vaflia

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I think that now the Ethereum konsolidiruyutsya after its rapid growth in summer. It is too early to rise. His time will come later, around the summer of 2018.

MintCondition

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Quote from: Zadicar on October 08, 2017, 01:22:17 PM

Quote from: richjohn on October 08, 2017, 01:17:46 PM

Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

Simply because ETH and BTC aren't related. If Bitcoin is appreciating that never means ETH will increase too. Rather opposite happens to altcoins when Bitcoin appreciates, then altcoins usually experience a dip as happening right now. But, gradually they recover from the drop and start attaining momentum along with bitcoin. Regarding ETH, it is way too different from Bitcoin and has its own price driving factors. They both have their own market and fluctuate independently of each other.

You are correct which ETH and BTC prices are not correlated to each other which means they do freely move without depending of each other.There are really different driving factors why do price behaves on that way.If we do try to see on the price of bitcoin as of now it did actually reach up again and break 4500 price which is really great which i do suspect that the upcoming fork is the main reason.

Yup btc is in $4.5k again which may continue to grow this week. If another fuds will be made from the hard fork that will let the users specially newbie panics then dips may happen again and be a time for ETH to have some move.

Zadicar

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Quote from: richjohn on October 08, 2017, 01:17:46 PM

Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

Simply because ETH and BTC aren't related. If Bitcoin is appreciating that never means ETH will increase too. Rather opposite happens to altcoins when Bitcoin appreciates, then altcoins usually experience a dip as happening right now. But, gradually they recover from the drop and start attaining momentum along with bitcoin. Regarding ETH, it is way too different from Bitcoin and has its own price driving factors. They both have their own market and fluctuate independently of each other.

You are correct which ETH and BTC prices are not correlated to each other which means they do freely move without depending of each other.There are really different driving factors why do price behaves on that way.If we do try to see on the price of bitcoin as of now it did actually reach up again and break 4500 price which is really great which i do suspect that the upcoming fork is the main reason.

richjohn

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Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

Simply because ETH and BTC aren't related. If Bitcoin is appreciating that never means ETH will increase too. Rather opposite happens to altcoins when Bitcoin appreciates, then altcoins usually experience a dip as happening right now. But, gradually they recover from the drop and start attaining momentum along with bitcoin. Regarding ETH, it is way too different from Bitcoin and has its own price driving factors. They both have their own market and fluctuate independently of each other.

Nalienn

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Quote from: andrei56 on October 08, 2017, 12:47:55 PM

Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

The banning of icos coming form china affect ethereum a lot more than it affected bitcoin, how many icos are running over bitcoin and how many are running over ETH? You have your answer, besides many icos gave bonuses to those that bought with ETH and the sparked demand, but with icos banned in china the demand for those bonuses has decreased as well.

The only people who really care about the China crackdown are those that run the Chinese government.

andrei56

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Quote from: samy_voc on October 02, 2017, 01:16:26 PM

I have noticing that Ethereum is stagnant between 290 - 300 . While Bitcoin had sureged 500 upwards in last 10 days.

I do not see any momentum evenethough there are so many tokens are using ethereum tokens ERC20 platform for their ICO and listing.

The banning of icos coming from china affect ethereum a lot more than it affected bitcoin, how many icos are running over bitcoin and how many are running over ETH? You have your answer, besides many icos gave bonuses to those that bought with ETH and the sparked demand, but with icos banned in china the demand for those bonuses has decreased as well.

Wandika

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Quote from: Sniper44 on October 08, 2017, 07:50:29 AM

coins like etehreum that are pumped can never hold their prices so obviously they will struggle hard to keep the price up around 300 and slowly they slip down toward their doom Cheesy

Ethereum have a lot's of future and still used by many like ICO's it may decrease at some point and didn't reach to high amount but it's less volatile than other alts.

greenfailure

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Quote from: Sniper44 on October 08, 2017, 07:50:29 AM

coins like etehreum that are pumped can never hold their prices so obviously they will struggle hard to keep the price up around 300 and slowly they slip down toward their doom Cheesy

lol ETH has such a massive stake and market in the crypto world, its not going to die over time - if anything it should continue to gain value over time as more apps and projects are made on ETH

think about all the ERC20 tokens which rely on ETH

Sniper44

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coins like etehreum that are pumped can never hold their prices so obviously they will struggle hard to keep the price up around 300 and slowly they slip down toward their doom Cheesy

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