Ethereum Price Drop. Will Eth Survive?
Today I took a cruise out to the countryside to contemplate the future of Ethereum. The price has dropped considerably over the past days and some are beginning to question if Ethereum will survive? Have developers cashed out most of the ETH they've collected from recent ICOs? If so, has this caused Ethereum's price to drop? Are there better alternatives to Ethereum like EOS, Bitshares, Waves, or Stratis and if so can Ethereum survive the competition? Should you HODL or sell? I thought Ethereum would have shot $500 sometime this month after it dropped below $300 but now after dipping below $250 and closer to $200, I'm questioning how much more Ether can grown in the short term? I've been buying in to Ethereum incrementally since the price was at around $12. I stopped buying when it went over $300 and bought more when it dropped down to $260. Let's just say that while Ethereum might be in the red at the moment, my ETH wallet is green, and I'm sitting on some profit right now. I believe some of the Dapps being developed on Ethereum will be game changing, and believe the price of ETH will eventually reach $500, BUT what is HODLing all my Ether doing for me now when I earn everyday from posting and HODLing on STEEM? I'm committed to HODLing my Ethereum and it's my opinion that those who purchased ETH over $225 should HODL as well, BUT considering that I'm sitting on some ETH profit I'm questioning whether I should sell half or a portion of my ETH holdings and buy STEEM? Leave a comment believe let me know, what do you think? Stay strong and keep BOOMIIN over there! Join Genesis now! Start mining Bitcoin, Ethereum, and Dash Use promo code zM3Ejh and get a 3% discount: Continue reading >>
Ethereum Price: Why Is Ethereum Dropping Today? Latest Cryptocurrency Crash
Ethereum price: Why is Ethereum dropping today? Latest cryptocurrency CRASH Ethereum price: Why is Ethereum dropping today? Latest cryptocurrency CRASH THE price of Ethereum has slumped today along with rivals Bitcoin and Ripple in the latest cryptocurrency crash. But why is Ethereum dropping today? Ethereum , the second largest digital currency, dropped by 9.78 percent over the last 24 hours, falling to $621 at 7.05pm on March 14 after opening at $690.83. At 9.04am, the token fell further and exchanged hands at 438.37 ($611.90), down 0.51 percent on opening today. The value of the cryptocurrency has plummeted by 16.77 percent in the last week, when Ethereum was trading at $745.19 on March 7. The current slump is being felt across all cryptocurrency markets, amid the threat of regulation. Ethereum, along with all other cryptocurrencies, is currently in the red. The crypto market is currently being battered by warnings about its volatility with warnings that the bubble is about to burst, following a bad week. Last Wednesday, the Securities and Exchange Commission (SEC) vowed to regulate cryptocurrencies at the same time that traders were rattled by claims of hacking in the market. And a sell-off of crypto assets by a Japanese bitcoin holder known as the Tokyo Whale - added to chaos in the crypto world. Ethereum co-founder Joseph Lubin, and chief executive officer at Consensus, said it is "hard to tell" whether the cryptocurrency has lost its appeal but rejected claims that the bitcoin bubble has "burst". Speaking on Bloomberg News, Mr Lubin said: "We are so focused on building decentralised applications on the ethereum platform where we are so much less focussed on cryptocurrencies like bitcoin. Consider ether to be a crypto fuel that powers applications on the decentra Continue reading >>
Why Are Bitcoin, Ethereum And Other Coins Dropping? Facts And Sentiments Now!
Why are Bitcoin, Ethereum and other coins dropping? Facts and Sentiments now! Today at 16:14 UTC, Bitcoin was back to trading at $10,600 and business was back to usual with BTC in its comfort zone around $10K. Post 16:14 UTC, within an hour by 17:17 Bitcoin was trading at $9,600, losing about $1000 in a flash. There are two major news that broke out earlier today that had a very big influence on the prices: Trustee of Mt. Gox selling half a billion dollars worth Bitcoin and Bitcoin Cash In between December 2017 and February 2018, the trustee sold 2000 bitcoins on December 18th, later sold 6000 bitcoins on December 22nd and continued to sell major chunks of Bitcoin and Bitcoin cash at regular intervals whenever the market seemed to recover again. This event shouldnt have particularly affected the current prices since it happened over a month ago. Market sentiments (as seen in the interview below) reveal that investors amateur or veterans do not trust the nature of the market right now especially when a trustee of Mt.Gox who was close to the market sold his bitcoins. The Binance team temporarily disablingwithdrawals after unconfirmed reports of unauthorized selling A reddit user just 2 hours ago complained about the unauthorized selling of his portfolio which might be part of a larger unauthorized sell-off resulting in the entire market crashing. All markets including Bitcoin, Ethereum and others have dropped considerably in the past hour. A reddit user shocked by unauthorized selling of his funds The sudden sell-off of funds also surprisingly resulted in a crazy spike of above 1000% in a token called Viacoin. There were certain users on the same reddit thread who complained about their accounts being hacked and the portfolio suddenly buying Viacoin. One reddit user says Continue reading >>
Ethereum Price News: Why Is Ethereum Dropping Today? Eth Going Down
Ethereum price news: Why is ethereum dropping today? ETH going down Ethereum price news: Why is ethereum dropping today? ETH going down ETHEREUM is one of many of the major cryptocurrencies that suffered losses on opening this morning as ETH dipped by more than five percent. Why is ethereum dropping today? The second largest cryptocurrency by market cap has suffered new losses today in a morning where all the major cryptos are in the red. ETH dropped down to$851.05 today, a loss of 5.04 percent, as of 9am on February 22. The market cap currently stands at $83.2 billion and some $2.2 billion was traded on exchanges over the past 24 hours. But why has the token fallen into the red today, February 21? Venezuelas Ethereum-based Petro is desperate attempt to bypass U... The cryptocurrency largely held steady at around the $900 mark in February, apart from a drop to $585 on Feb 6 - recovering the following day. But today Ethereum dropped below the $900 mark again as all other cryptos also recorded losses. Ripples price dropped to 1.06 today, as of 8.20am on February 21, down 7.69 percent. Bitcoin was also down by -2.85 percent, recording a price of $11,175.70. Continue reading >>
Why Did Ethereum Drop So Hard? Bitcoin Is Correcting, And Cryptocurrency Marketsfollow.
ceo @unikrnco esports | founded voodoo acquired by hp | created microsoft ventures | advisor & investor in razer, vrvana, maingear | @seahawks diehard 12 Why did Ethereum Drop so hard? Bitcoin is Correcting, and Cryptocurrency MarketsFollow. Crypto is not a fad. Crypto is an inevitable extension of fintech, an evolution allowing functionality and security never before possible. This is not an opinion; this is a fact Speculators look at every market, and for better or worse, no market is driven just by its functionality. In crypto, the first speculators saw Bitcoin and opted to buy in believing, correctly, that crypto will create enduring solutions that would fuel long-term growth. The second wave of speculators saw this group buying into cryptocurrency, maybe only somewhat understood the reason, and many bought in assuming their nerdy friends knew what was happening. The price began to rise. The third wave saw the price of these tokens rising from the previous waves of buyers and understood that more people would want crypto as the rate continued to rise. This is when the marketplace saw significant a shift: from the technologys potential to perception of its value. When people ask, What gives Bitcoin (or anything) value? The answer should be What Bitcoin can do, or what it will do, never, Because people believe it is valuable. When enough people believe something has value solely due to communal belief, thats called a bubble. For example, fiat has value not just because its perceived to have value, but because that value is enforced, which creates function (buying). When the price becomes based solely on confidence, thats when the market begins to outpace its functions. This happened as waves of speculators came in with no understanding of the market and dumped money Continue reading >>
13 Answers - Why Is Ethereum Dropping So Much Right Now?
Why is Ethereum dropping so much right now? Because markets dont go straight up forever. It is natural for a correction to happen after a huge run up. Ethereum has crashed to levels not seen since.May 24. It is still up over 100% in the month of May. The media always tries to find reasons to explain price movements. Sometimes there are fundamental factors such as the DAO hack which will heavily influence the short-term price. However, there is a simple explanation for the recent correction in Ethereum - it simply went up too much too fast and needed a break. There are no real crypto experts out there. This is new to all of us. It's never ever happened before. Anyone listening to all these so called experts are exposing their money to a huge danger. Do research on your own, trust only yourself. Most of you aren't old enough to remember the yahoo bubble? Nasdaq? People are excited. They are buying now. Then the big investors start playing games - they dip the price, the newbies panic and start selling. Prices come crashing down. The big guys come back and buy at the dip - make them selves 2030% richer then they were before. We are in completely unchartered territory right now. You can only make educated choices. Anyone who tells you they know for sure is lying to you and probably themselves too. Stay calm and carry on. Hold or sell it's your choice but stop asking others to think for you - they dont have clue either. Most of these sells are on autopilot and generated by robots. Guys making money that are much smarter than us all. Continue reading >>
Bitcoin Price Latest: Cryptocurrencies Including Ethereum, Litecoin And Ripple All Decline In Value
Bitcoin price latest: Cryptocurrencies including ethereum, litecoin and ripple all decline in value All but two of top 50 virtual coins by market capitalisation slump Bitcoins price has dropped by 6.15 per cent over the last 24 hours - while almost all of thealternatives to the market leading cryptocurrency are also in decline. At the time of publication, all but two of the top 50digital currencies by market capitalisation have fallen in value since yesterday, according to CoinMarketCap. Bitcoin is now valued at $10,526(7,594) as a result of the drop - thought to have been sparked by the US Securities and Exchange Commission warning that platforms being used to trade digicoinswill ultimately have to be registered before they are allowed to continue operating. Ethereum , the second most valuable digital currency, is down 7.62 per cent to $799.61(576.96) while ripple XRP , the third most valuable digital currency, is down 6.81 per cent to $0.90 (0.65). :: Follow the latest bitcoin news on our liveblog Bitcoin cash and litecoin , which complete the top five, are down 6.81 per cent and 7.01 per centrespectively. They are now valued at $1,153 (832) and $189.49 (137) in turn. Golem, ranked 55 of the 1,541 digital coins on the market,suffered the biggest decline of anyone in the top 100, having fallen by 16.63 per cent to $0.38 (0.27). A picture shows Singulato Motors' concept car Tigercar P0 at a workshop in Beijing, China Connected company president Shigeki Tomoyama addresses a press briefing as he elaborates on Toyota's "connected strategy" in Tokyo. The Connected company is a part of seven Toyota in-house companies that was created in April 2016 A Toyota Motors employee demonstrates a smartphone app with the company's pocket plug-in hybrid (PHV) service on the cockpit of Continue reading >>
Ethereum Prices Are Down Nearly $1,000 From Its Peak. Why Is This Drop Happening?
SEC investigations may be putting a damper on Ethereum prices. GEOFFROY VAN DER HASSELT/AFP/Getty Images The price of ethereum dropped below $500 this weekend . Though its since risen back to around $550 as of Monday morning, the dip is a reminder of how far the cryptocurrency has fallen since January, when it was at one point trading at more than $1,400. So why has the once-mighty ethereum plummeted in price over the past few months? Its important to note that the entire cryptocurrency sector is in a bit of a slump, down since prices skyrocketed toward the end of last year. Bitcoin has been hovering at or below the $10,000 mark over the past month , down from its record of nearly $20,000.And Litecoin , one of the biggest cryptocurrencies, has dropped from around $240 to $140 in the past month. Its unclear at the moment whether this is a bubble burst or just a correction . Cryptocurrency commentators have attributed much of this downward turn to increasing scrutiny from regulators, which has spooked investors. With governments in China and India planning hardline crackdowns on exchanges and trading, and regulators in South Korea on the fence, theres been much talk of a global push to rein in cryptocurrencies. Timothy B. Lee writes in Ars Technica that ethereum was hit particularly hard by comments on Thursday from the Securities and Exchange Commission (SEC) Enforcement Divisions Co-Director Stephanie Avakian, who said that the commission had launched dozens of investigations into initial coin offerings (ICOs). The ethereum platform is popular among startups for hosting new cryptocurrencies. These cryptocurrency entrepreneurs need to buy the ethereum token in order to jumpstart their own ICOs, which was helping to prop up ethereums price. The revelation that the SEC is Continue reading >>
use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>
Cryptos Are Tanking Again, But Not Bitcoin
Some people do believe that Bitcoin is here to stay for a long while. But that doesnt mean the other coins will have the same fate. Some will wither and die, and thats a fact. They cant all thrive, so make sure you know what youre investing in. That said, Bitcoin is down 2% in trading on early Wednesday, but that still puts it at over $11,200. The other nine coins from the top 10 are losing anywhere from 1.68% to 8.11% in value. Remember, however, these numbers can change without notice. Compared to Tuesday, the whole crypto market lost nearly $30 billion the market cap for all coins it at $483.57 billion as I write this. As for new developments, the crypto-related news cycle is mostly positive. South Korean regulators have reaffirmed their interest to offer a better deal to cryptocurrency fans, as Reuters reports . The whole world is now framing the outline (for cryptocurrency) and therefore (the government) should rather work more on normalization than increasing regulation, chief of South Koreas Finance Supervisory Service (FSS) Choe Heung-sik told reporters. The same Reuters says that Japanese crypto exchanges are looking to form a self-regulating body. Nothing is official at this time, but 16 companies are apparently looking to safeguard investors in the region, after last months cyber money heist worth $530 million. PayPals CFO John Raine talked to The Wall Street Journal earlier this week, revealing that he believes Bitcoin or other digital coins will be good for payments. Given the volatility of Bitcoin right now, its not a reliable currency for transactions because if youre a merchant and you have a 10% profit margin, and you accept bitcoin, and the very next day bitcoin drops 15%, you are now underwater on that transaction, he said. The technology, there is r Continue reading >>
Below $500? Ether Price Seeks Floor After 40% Drop
Below $500? Ether Price Seeks Floor After 40% Drop Mar 20, 2018 at 13:00 UTC|UpdatedMar 20, 2018 at 21:39 UTC The 40 percent month-on-month decline of ethereum's ether cryptocurrency has pushed the long-term price floor down to $300, the technical charts indicate. As of writing, the world's second largest cryptocurrency by market capitalization is changing hands at $534, as per CoinMarketCap . Stepping back, ether's sharp reversal from the Feb. 6 low of $555 (prices as per Coinbase) and the rally to near $1,000 in the subsequent days meant the cryptocurrency had established a strong price floor below $600. That now looks to have been pushed down. As seen on the chart above, ETH left lower highs around the key descending trendline, as the rally from Feb. 6 lows ran out of steam and sellers took over after the cryptocurrency fell below its 100-day moving average (MA) on March 6. The transfer of power from bulls to bears pushed the price down to $450 on March 18 - the lowest level since Dec. 11. During that process, the cryptocurrency also witnessed a head-and-shoulders reversal on March 14 - indicating that the rally from the December 2016 low of $5.81 has ended and the bears have regained control. Further, a 50-day MA and the 100-day MA bearish crossover was confirmed on March 15. So, ETH will likely find acceptance below $546 (61.8 percent Fibonacci retracement of December 2016 to January 2018 rally) and extend the drop to $300 (78.6 percent Fibonacci retracement) over the next couple of months. The price floor looks to have dropped to $300. That said, oversold conditions in the near-term may help ETH defend the March 18 low of $450. Only a convincing move above the head-and-shoulders neckline resistance (former support now seen at $661) would abort the bearish view. A Continue reading >>
Ethereum Price Drops Below $800 As Bears Take Control
The cryptocurrency marketsare always evolving in many different directions. Right now, the overall sentiment is pretty depressing, as the markets have gone down in value for quite some time now. With some markets losing 10% in value or more, things are not looking all that great. Especially the Ethereum price is struggling as of right now, for some reason. Anyone who has paid attention to cryptocurrency markets this year will have noticed things are not going exactly as planned. This is especially true for people who have high hopes for the Ethereum price , as things have ground to a halt some time ago. After surpassing $1,000 last year, the Ethereum price has not been close to hitting that target again for over a month now. It doesnt appear we will see that high Ethereum price anytime soon either. Over the past month, it has been pretty evident the Ethereum price is struggling for traction. Although there was a push to $1,000 a few weeks ago, this trend did not materialize in full Instead, things took a turn for the worse once again, as the Ethereum price has been on a steady decline ever since. After dropping below $950 again, the Ethereum price quickly dipped to $900, $850, and is now struggling to reclaim the $800 level. This is partially due to the recent Ethereum price decline of 7.62%. Although Ethereum has not suffered from much of a loss compared to the Bitcoin value itself, Bitcoin is certainly dragging all altcoins with it at this rate. Unless Ethereum can gain momentum over Bitcoin, the USD value of this altcoin will not go up anytime soon. Moreover, with the ETH/BTC ratio declining as well, there is no Ethereum price improvement in sight as of right now. With $1.9bn in 24-hour trading volume , things are not looking all that bad for Ethereum as of right no Continue reading >>
Bitcoin Prices Crash Below $7,200 As Ethereum Drops Into The Red | Fortune
Its been a nerve-wracking past few days for cryptocurrency investors. Bitcoin prices fell about 14% to $7,200 on Monday as major banks including Bank of America, J.P. Morgan, Citigroup, Capital One, Discover, and Lloyds say they have or plan to ban customers from using their credit cards to buy cryptocurrencies like Bitcoin. Adding to the slide: China said it would block websites offering cryptocurrency trading services and initial coin offerings using the Great Fire Wall . That comes after China banned cryptocurrency exchanges in 2017 . In the past week, Bitcoin investors have shed roughly $67 billion in value. The total value of Bitcoin in circulation is now around $125.8 billion as some investors worry about the digital coins long-term viability without the tacit support of major financial institutions. Its an even darker day for investors who may have bought into the asset at its peak of over $19,500 in December. Since then, the value of their stake has fallen 63%. Fellow cryptocurrency Ethereum, meanwhile, is also now in the red for the year. Once considered the only cryptocurrency of threeBitcoin, Ethereum, and Ripple as ranked by market capto have made gains in 2018, Ethereum shed some 15% in the past day and now rests at $748. Ethereum is down roughly 1% year-to-date. Ripple is down 67% in the same period to 73 cents, while Bitcoin is down 48%. Investors also have continuing concerns about whether Bitcoin prices may be inflated due to a fellow cryptocurrency known as Tether. Continue reading >>
Ethereum Price: Why Is It Falling Today? Will It Keep Falling? Eth Down 23 Percent
Ripple price LIVE updates: XRP DOWN 22 percent below $0.80 And Japan's Financial Services Agency (FSA) suspended two exchange for a month out of security fears. Matthew Newton, analysts at crypto retailer eToro, agreed the news of regulation was one of the reasons for the markets bearish performance. He said: The recent price fall was driven by two factors. Firstly, bitcoin was trending higher for about a week but failed to break a technical level, which caused a slight selloff. This was then accelerated by the news that Binance, the crypto exchange, might have been hacked, though markets recovered once the exchange allayed fears that funds were safe. Ethereum price: ETH joined other cryptocurrencies in dropping prices this week Regulatory news coming out of US and Japan may also have impacted cryptocurrencies again, but shouldnt be cause for alarm. Cryptocurrencies are still in the early stages of development. As the market grows, regulatory scrutiny is to be expected As the market grows, regulatory scrutiny is to be expected. Appropriate regulation should ultimately help promote best practice and afford protection to the consumer. Although Ethereums losses were not as dramatic when compared to bitcoin, finance writer Jean-Pierre Buntinx argued bitcoins poor performance is dragging down alt-coins with it. Since March 7, bitcoin has lost almost $2,000 in value and at 7.27am GMT was down 22.9 percent since the start of the week. Ethereum rice: The crypto token was down more than 23 percent on the start of the week Mr Buntinx said: Although Ethereum has not suffered from much of a loss compared to the bitcoin value itself, bitcoin is certainly dragging all alt-coins with it at this rate. Unless Ethereum can gain momentum over bitcoin, the USD value of this alt-coins will Continue reading >>
Bitcoin Price Drops Below $10,000: Cryptocurrencies Including Ethereum, Ripple And Litecoinnosedive
Bitcoin price drops below $10,000: Cryptocurrencies including Ethereum, Ripple and Litecoinnosedive Jasper Hamill Thursday 22 Feb 2018 3:28 pm The crypto-markets are in turmoil right now (Picture: EPA) Bitcoin plummeted beneath $10,000 this morning as the value of most major cryptocurrencies nosedived. In December last year, the worlds most famous cryptocurrency surged to a high of almost $20,000 before slumping in January during a grim cryptopocalypse . Now the value of Bitcoin has plunged to about $9,990, dragging almost all of the other top 100 cryptocurrencies down with it. Ripple dropped beneath $1 after losing 10 percent of its value in a day, while Ethereum hit a low of just over $800 after also slipping by 10% and Litecoin dropped by the same percentage to a low of about $190. This chart shows the slide of Bitcoin over the past 12 hours (Graphic: Coindesk) Yesterday, we reported on analysis which showed a massive selloff was to blame for a drop in the price of Bitcoin. So whats to blame for the latest slump and will prices recover? Trevor Gerszt, CEO of the investment firm CoinIRA , said: Bitcoins drop back below $10,000 was likely the result of profit-taking. Many investors bought the dip earlier this year when Bitcoin dropped below $6,000, so flirting with $12,000 allowed them to nearly double their returns in a very short amount of time. It was neither surprising nor unexpected to see a sell-off once Bitcoin approached $12,000, and once the profit-taking has finished we expect to see continued long-term price appreciation. Don't worry about #altcoins lads, at least #Bitcoin is still above $10,000! pic.twitter.com/6C3hZPuxGv Emptybeerbottle (@Fullbeerbottle) February 22, 2018 The crypto-slump comes as Britains Treasury Select Committee of lawmakers on Thursda Continue reading >>