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Topic: Why is etherum's price dropping? - page 2. (Read 802 times)

legendary
Activity: 1134
Merit: 1010
BTC to the moon is inevitable...
November 02, 2017, 10:45:10 AM
#22
price of anything is based on supply and demand and we all know how huge is the supply of ethereum with more than 95 million coins available and not maximum to stop it.

the demand is also decreasing as time goes by and there are less ICOs for people to buy with their ETH tokens so there is no more reason to buy ethereum anyways.

on top of it bitcoin is rising and that puts all the altcoins down. and ethereum has not been doing well for a long time, ever since the price was pumped up to 0.14BTC ethereum has been free falling slowly.
member
Activity: 119
Merit: 14
Kawa
November 02, 2017, 10:43:34 AM
#21
Now it's bitcoin time. Most of people sell they altcoins, including ETH to buy bitcoin. Price goes and goes up, but soon will be correction.

It's worth to add than ETH is a very promising coin, with a great roadmap, so if you have ETH just hold it.
sr. member
Activity: 453
Merit: 251
Presale Starting May 1st
November 02, 2017, 10:35:56 AM
#20
It is all about bitcoin's ath news I am sure. Some people started to panic and buy more bitcoin. But its too late in my opinion. It is better to hold on to your ether as bulls will come back from btc soon.
newbie
Activity: 68
Merit: 0
November 02, 2017, 10:34:04 AM
#19
It was just doing fine yesterday.  Huh

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member
Activity: 105
Merit: 10
Make the future!
November 02, 2017, 10:31:36 AM
#18
Bitcoin rising..
full member
Activity: 266
Merit: 103
November 02, 2017, 10:27:06 AM
#17
Yep, Like everyone is practically saying. It's due to weak hands. Everytime BTC reaches a new ATH we can always expect altcoins to dump. It's good that ETH dropped in price though - We all know how resilient ETH is to dumps, so if it drops in price it's a great time to buy.
full member
Activity: 305
Merit: 100
November 02, 2017, 10:14:08 AM
#16
the price of ETH is dump it because the value of bitcoin is in the higher level at now.. more holders sales they eth for that moment.. because we all know that the value of bitcoin is volatile either the altcoins drastically fall..
full member
Activity: 415
Merit: 100
November 02, 2017, 10:13:53 AM
#15
Bitcoin price is rising so rapidly that people are dumping their ethereum to try and buy bitcoin, it will recover once bitcoin goes sideways or down.
legendary
Activity: 1386
Merit: 1016
November 02, 2017, 10:10:30 AM
#14
It is quite common for eth and alt coin to drop in value when bitcoin is rally higher in value and keep breaking all the time. The natural course will be investors selling all their other asset and buy into bitcoins to secure the gains.
full member
Activity: 392
Merit: 103
www.daxico.com
November 02, 2017, 10:09:12 AM
#13
BTC growth is the only reason why all of the coin is in the downtrend. It's a snowball effect, that's notting wrong with Eth, we just need to wait the end of this hardfork
that also what i think eth price drops becauseost of the investor and trader attention was on btc but in due time once the btc price will consolidate eth price will bounce back.
full member
Activity: 798
Merit: 103
November 02, 2017, 10:06:12 AM
#12
People are selling ETH for BTC...
full member
Activity: 322
Merit: 102
Crypto Lovers
November 02, 2017, 10:03:59 AM
#11
i am not lucky this time
full member
Activity: 198
Merit: 100
November 02, 2017, 10:03:27 AM
#10
his name is also trading, the price is erratic sometimes rise sometimes down but it is the price of eth is now declining and I regret it. may be the factor of eth price decline due to the rising price of btc.  Wink
full member
Activity: 588
Merit: 101
November 02, 2017, 10:00:36 AM
#9
Unfortunately, it's impossible to get anywhere from bad news. And if the Ethereum falls there, then there must be a reason. I remembered that when it was the same rapid fall, but then the problem was in hacking one of the exchanges.
I hope that now it is not so, and the fall is simply really connected with the growth of bitcoin.
member
Activity: 174
Merit: 10
bông
November 02, 2017, 09:59:52 AM
#8
It was just doing fine yesterday.  Huh
Because bitcoin increases too fast; Not Ethereum alone, altcoins all fell sharply. All the predictions about Bitcoin and altcoin seem to be wrong. Bitcoin does not fall, it up to $ 7300. It was very unexpected.
sr. member
Activity: 560
Merit: 250
November 02, 2017, 08:06:54 AM
#7
It was just doing fine yesterday.  Huh
one of the causes is the rise in bitcoin prices that reach their highest price, obviously it will affect all altcoin not only eth.
full member
Activity: 135
Merit: 100
November 02, 2017, 08:05:28 AM
#6
BTC growth is the only reason why all of the coin is in the downtrend. It's a snowball effect, that's notting wrong with Eth, we just need to wait the end of this hardfork
sr. member
Activity: 1078
Merit: 354
November 02, 2017, 07:54:44 AM
#5
The fall has nothing to do with Eth, it's people selling their Eth to buy bitcoin following the news of the bitcoin futures market.
hero member
Activity: 812
Merit: 501
November 02, 2017, 07:51:20 AM
#4
it may be that the price of Eth drops because the bitcoin price is currently high high.
I think so, the bitcoin price is very high today. Eth dropped to 0.039 from 0.047 yesterday. How come? My opinion is that a lot of eth holders sell their coin to btc, they are waiting for free airdrop of segwit2x on november 16. Before fork of bitcoin gold 25 october the price of bitcoin is also increase. I think there are more people expecting free cash from segwit2x. I hope the eth price will recover soon because I hold eth in my wallet and exchangers.
hero member
Activity: 980
Merit: 500
November 02, 2017, 07:46:02 AM
#3
it may be that the price of Eth drops because the bitcoin price is currently high high.

Yup! that is a certain one reason but there is bitcoin cash that is much more higher that ETH the ex 2nd rate crypto are now 3rd because of it, but we can see that ETH or Ethereum are beginning to move up right now and it is heading up just like bitcoin value does, but in a momentum of bitcoin we can only see certain Alts to just have a small step, but I am certainly hype of the price of bitcoin right now and it is great to trade right now because many Alts will sure go up and would synchronize with bitcoin price.
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