click here if you want to see your banner on this site

Author Topic: Why are Bitcoins and Ethereum falling so much in the last few days?  (Read 239 times)

karasurizero

  • Jr. Member
  • **
  • Posts: 96
  • Karma: +0/-1
    • View Profile
There are some technical analysts that claim the price would fall down from “chart analysis”. This leads to people selling. The soft fork date is approaching.

As for ETH, it’s likely a combination of BTC dropping and the flash crash fiasco that triggered more selloffs.

What do you think?

serhishulak

  • Jr. Member
  • **
  • Posts: 90
  • Karma: +0/-0
    • View Profile
Re: Why are Bitcoins and Ethereum falling so much in the last few days?
« Reply #1 on: June 28, 2017, 03:57:06 PM »
There are lot of factor which cause rise and fall in these. But the scenario is not only with Bitcoins and Ethereum, The price of all cryptocurrencies are falling down.

To the point, there is a threat going in everyone mind is that all cryptocurrencies which are not transparent in transaction will sink soon. The main reason behind this is ransomware attack which is spreading all over the world.

There might be the chance that government of most of the country prohibited exchange of cryptocurrencies. If such happen, then the value of bitcoin or other cryptocurrencies is no where.

katepagava

  • Full Member
  • ***
  • Posts: 183
  • Karma: +0/-5
    • View Profile
Re: Why are Bitcoins and Ethereum falling so much in the last few days?
« Reply #2 on: June 28, 2017, 10:07:53 PM »
Economies can only rise so far before they smack into a ceiling, also known as undergoing correction. Like a tilting boat, as soon as one person moves away from the one side, the boat tilts to the other side, and everyone else follows suit, and then the boat takes a massive swing to the other side.

All these altcoins are swinging around at the moment, undergoing a correction.

But I don't really know too much about economics, so take that as you will.

 

Bitcoin Garden 2013-2024, All rights reserved | Privacy Policy | DMCA | About Bitcoin Garden | Support & Services