Why Ethereum Classsic is going down?

Vandemos

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Quote from: Alexmasterbtc on August 09, 2018, 12:15:24 PM

Quote from: sarfield on August 05, 2018, 08:07:11 AM

We need to understand further, that the coin is currently down, so this decline is as if it were a mass turn. There is still a chance to go up, be patient to see the development of the market going forward.

A year ago, many considered Ethereum Classic "stillborn", but this was far from the case. ETC is still in the list of the top 10 cryptocurrencies by market capitalization. An ardent supporter of Ethereum Classic is the world-famous crypto enthusiast and head of the Digital Currency Group Barry Silbert. Thanks to his efforts, the cryptocurrency ETC appeared in the professional computer system Bloomberg Terminal.

indeed, after the price goes up, it will definitely go down again,
I don't know why ethereum classic's price dropped,
maybe the price of the falling bitcoin ethereum classic was affected

trade2winnn

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Soon will go up, very promising project, he has a great future,I believe that he had at the time of growth X10 and more will grow, own multi-million Fund, etc., in General, a very interesting project,I am sure it will have a bright future, like many other startups

utiltox

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I believe that the decline is caused by the fact that the market is falling. and this is reflected in the price of the coins.

sentoy

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I don't care about people who say ethereum classic there will be a less satisfying drop depending on each person but we are optimistic that hopefully the price is stable and many more people are buying and selling shares so the stock market is excited.

feelingfroggy

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I think it pumped up due to the coinbase listing news and people are now moving elsewhere. I don't think classic beats Ethereum in any way shape or form so it was people just playing it for the pump and dump.

Alexmasterbtc

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Quote from: sarfield on August 05, 2018, 08:07:11 AM

We need to understand further, that the coin is currently down, so this decline is as if it were a mass turn. There is still a chance to go up, be patient to see the development of the market going forward.

A year ago, many considered Ethereum Classic "stillborn", but this was far from the case. ETC is still in the list of the top 10 cryptocurrencies by market capitalization. An ardent supporter of Ethereum Classic is the world-famous crypto enthusiast and head of the Digital Currency Group Barry Silbert. Thanks to his efforts, the cryptocurrency ETC appeared in the professional computer system Bloomberg Terminal.

Alexmasterbtc

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Introduced in 2016 as a result of the Ethereum twin brother hard fork (ETH). In other words, this cryptocurrency is the same Ethereum, before the hard fork. The goal of the project is to preserve the original Ethereum, decentralized, immutable and uncensored.

tayvaya

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My friend is not just the ethereum, all the subcoins have fallen. The market started to move slightly mildly. But after two months everything will be better.

alex_kir

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As for ETC, it seems to me that everything is clear here, because a lot of people with ETC appeared on the market, so people who can sell it became smaller and, accordingly, the price began to fall, this situation is standard.

jhongzjhong

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https://bmy.guide

Quote from: juljon18 on August 09, 2018, 11:36:22 AM

Well everything is going down at this point plus it is probably having some sell the news trading going on since its Coinbase debut. I assume once everything shakes out we will see Ethereum Classic moving back upwards.

Well, you have a point. The main cryptocurrency was down and then probably expected that other altcoins were also followed to bitcoin price movement. Surely it will upward when bitcoin price back to normal, I personally don't have doubt into this Ethereum classic coins because it has a great technology which is good to hold for a long term.

juljon18

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Well everything is going down at this point plus it is probably having some sell the news trading going on since its Coinbase debut. I assume once everything shakes out we will see Ethereum Classic moving back upwards.

great.crypto.finansist

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Why falls? August 7, 2018 Ethereum Classic showed an increase to the maximum values in three months. The growth of the ETC coin, which currently stands at $ 18.90, was facilitated by news about the addition of two major sites - the listing on the American currency exchange Coinbase, and the addition of the coin to the list of trading instruments in the mobile application for stock trading Robinhood, the possibility of trading crypto-currencies.
US goes to the cryptosystem)) Amazing good news)))

bandungan

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the decline in ethereum classic prices was a natural thing, because now all the coins had decreased. but this can be used as an option to make purchases and sell when prices are high.

Efta321

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I think it's like this every year, I believe there will be an increase in a few months, people will return to the crypto world. they will need ethereum back in time. Hopefully this is not sustainable.

owlman

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Quote from: MarbleBoss on August 03, 2018, 02:40:29 PM

Check the chart for last 30 days - https://coinranking.com/coin/ethereumclassic-etc

A slightly strange question, given the market situation, and the fact that the price of all coins is reduced. When the market recovers (I believe that all the same it will happen), then prices will therefore start to rise, and the price of ETC will not be an exception. Patience, my friend.

Betwrong

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I stand with Ukraine.

Quote from: MarbleBoss on August 03, 2018, 02:40:29 PM

Check the chart for last 30 days - https://coinranking.com/coin/ethereumclassic-etc

At first I was going to say that all alts are going down these days and that Ethereum Classsic is no different in that regard. But it looks like ETC is different because contrasted with overall red market it has gained 4.53% in USD price during the last 24 hrs.

Btw, it's not going down in relation to Bitcoin during this year. The price of ETC was 0.0025 BTC in the beginning of January, exactly as it is today.

matico

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The Standard Protocol - Solving Inflation

Because is not living up to it's promise! Ethereum classic was potrayed and sold to be better decentralized than Ethereum! There was enthusuasm surrounding ethereum classic for the believers in decentralization. But alas, ethereum classic have had a stunted growth since!

lutcor

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Because in itself this project though has a very large number of good and positive news, but it seems to me that people clearly do not understand that they should compare the situation with the market as a whole.

NewBet

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I am going to take a short and say that the reason that the price of ethereum classic is going down is the same reason that the prices of all of the altcoins are going down which is because bitcoin price is down. They all follow the same trend, as long as the price of bitcoin is still going down then you should expect that all the prices of other altcoins including ethereum classic will be down.

bitcok

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is it possible that ethereum classic's decline is ethereum's change to POS?
I don't really understand why ethereum changes to POS, will this change be able to improve ethereum?

Topic: Why Ethereum Classsic is going down? (Read 389 times)