Why Ethereum Classsic is going down?

Vandemos

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Quote from: Alexmasterbtc on August 09, 2018, 01:15:24 PM

Quote from: sarfield on August 05, 2018, 09:07:11 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, 09:07:11 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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Quote from: juljon18 on August 09, 2018, 12:36:22 PM

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, 03:40:29 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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Quote from: MarbleBoss on August 03, 2018, 03:40:29 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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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?

akungagal

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Quote from: sarfield on August 05, 2018, 09:07:11 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.

yeah, you're right.
it should not be too panic then sell all assets, it will make the price decrease.

keep calm, and just wait.
i'm sure that in the future the price will improve again.

Oniko

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Many crypto-currencies fall and Ethereum Classic is no exception.

Now bitcoin has grown a bit and has fallen in price. The next will grow Ethereum.

Later, Ethereum Classic will grow., When whales will want to earn on it

sarfield

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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.

Ranly123

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

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

Probably it is due to FUD that circulates about scams specially on ICO which the main coins used is ethereum. Panic makes people sell their stocks which makes the price go down.

Nalbo

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In the time of every crypto decreasing, ETC is the only one increasing right now (among the popular ones of course).
ETC is also popular for unnatural pump and dump and you can expect such price rise and fall anytime with such coins (ones that are purely intended to make profit from unsuspecting investors).

paramelton

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Cryptocurrency market is generally very volatile. But one is a fact, the market does go down right now without any visible reason. I lean to think that it’s still the consequences of Bitcoin fall (Mt Gox & Roger selling, China kicking out miners, ICOs Fraud) and unhappily all of this being combined with the end of Tax Year. It does need time to get back up.

simapple

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Because the whole market is now in decline, so such situation with ETC. I think all the coins will be flying to the moon soon, so hang on, guys!

nicedreams

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

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

Because both BTC and ETH is also going down right now. ETC won't be different.

Vitalicus

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Quote from: Buntel168 on August 05, 2018, 12:04:32 AM

Not only Ethereum Clasic, all altcoin price has decreased in this time. I also don't know the cause and hopefully the price of all altcoins soon will recover.

Selling panic of investors is the main reason for the price drop in this moment. Almost all altcoin are reduced and all are heavily dependent on Bitcoin. I believe this stage will soon end and people can be seen rising again in the next few months. Just wait and do nothing during this period because only a small mistake, you will lose a lot of money

code

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It moves along with the entire market for Bitcoin. Everything will be back soon.

MirkoIta

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Every market is tied to the bitcoin price. With the addition on coinbase many customers will be able to buy ETC with fiat currency and hopefully Ethereum Classic market will decouple from BTC movements.

79b79aa8d5047da6d3XX

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When all altcoin things fall down. Only ETC is going up. Because according to the news I know, ETC is listed at the coinbase. Very good news with any altcoin. So ETC has been FOMO and prices have risen 20% in the past few days

Sharingjoy

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All altcoins had been affected with the downfall of bitcoin and Ethereum classic is not exempted with the bloodbath of the market. Expect this will rise once the market recovers.

Larymause

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

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

I think this is due to the fact that the entire market of altcoins is now falling. And Coinbase announced the listing on August 7, which everyone was waiting for. But already all who wanted to buy - bought, and now there is no one to buy, so the price falls. I think that during the listing there will be a micro pump, but then the price will fall even more.

seo-maestro

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I think it's good time to buy cheap ETC for my long term investment portfolio because US-based investors will buy ETC on Coinbase and ETC price will be increasing slowly next months.

jeffthebaker

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Quote from: MarbleBoss on August 04, 2018, 06:34:55 AM

Quote from: lifesgood10 on August 03, 2018, 04:46:22 PM

so lets get around while coinbase activates etherum classic on the platform too

Its happening - https://blog.coinbase.com/final-testing-for-etc-support-on-coinbase-cdccaedb2ae3 Wink

Only reason it's not continuing to fall with every other crypto- but certainly a fine reason. Litecoin saw huge pumps in 2017 because people were by and large purchasing the cheapest coin on Coinbase. ETC will now be the cheapest one to buy. It's flawed logic but logic that is employed by many average Joes.

satyamikaels

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because bitcoin and eth dump, please wait for bitcoin and eth up again, and etc will up.

beleyeleazar

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Quote from: lifesgood10 on August 03, 2018, 04:46:22 PM

probably panic causes, but honestly do not believe in coinmarketcap or blockfolio
go to the exchange and check the price for yourself, you will be surprised that there is no dump

so lets get around while coinbase activates etherum classic on the platform too

Coinmarket cap is one of the most trusted in the cryptocmarket and it's the basis of majority of the players here so I don't think they would lie to you about the market value.

AzureDragon

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Now price of Ethereum Classic is recovevred. I think dump was connected with testing new features in ETC blockchain because of what part of the blockchain capacity was idle.

solarsun

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I doubt much of anything is going to be up no matter what the news. I think that once things settle down and people calm down Ethereum Classic will start it's upward ascent. I have a decent position in this coin and cannot wait for it to be worth what it should be worth. Current prices suck.

Buntel168

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Not only Ethereum Clasic, all altcoin price has decreased in this time. I also don't know the cause and hopefully the price of all altcoins soon will recover.

akungagal

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maybe because of the decline in bitcoin prices, that's why other coins have also declined.
don't panic, and don't immediately sell your coins.
it will make the price go down.

you should hold your coin, and if you have other capital.
this is the perfect time to buy it. Wink

Aleksey1958

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Because the whole bitcoin goes down rapidly and all oldoini fall behind him, and Etherium classic is no exception

MarbleBoss

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Quote from: lifesgood10 on August 03, 2018, 04:46:22 PM

so lets get around while coinbase activates etherum classic on the platform too

Its happening - https://blog.coinbase.com/final-testing-for-etc-support-on-coinbase-cdccaedb2ae3 Wink

lifesgood10

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probably panic causes, but honestly do not believe in coinmarketcap or blockfolio
go to the exchange and check the price for yourself, you will be surprised that there is no dump

so lets get around while coinbase activates etherum classic on the platform too

MarbleBoss

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

Topic: Why Ethereum Classsic is going down? (Read 378 times)